This paper studies the determinants of location choice by foreign investors in France. A new sample of almost 4000 location choices over 10 years and 92 administrative locations is used to measure two important issues : To what extent do foreign investors cluster spatially and are the decision...

In this paper, we show that the correspondence discovered by Koshevoy (1999) and, Johnson and Dean (1998) between anti-exchange closure operators and path independent choice operators is a duality between two semilattices of such operators. Then we use this duality to obtain old and new results...

We consider a financial market consisting of a nonrisky asset and a risky one. We study the minimal initial capital needed in order to super-replicate a given contingent claim under the Gamma constraint, i.e. a constraint on the unbounded variation part of the hedging porfolio. In the general...

Cet article porte sur la politique de l'emploi et la protection contre le chomage en Coree du Sud apres la crise asiatique.

We give in this paper a formal definition of the concept of weak and strong a-polarization. We give necessary and sufficient conditions for a decision maker who respects the Lorenz order and who behaves in accordance with the expected utility model, with Yaari's dual model or with the...

In a multiperiod economy with incomplete markets and assets that exhibit a payoff depending on price history, we show that one need not perturb back office and settlement feature of assets to get endowment generic existence of an equilibrium. We exhibit a class of assets -transverse assets - and...

La theorie des cycles reels a pris le contre-pied de la macroeconomie keynisienne traditionnelle. Les fluctuations de l'emploi et du salaire reel pourraient etre le resultat d'un ajustement de l'offre de travail grace a une parfaite flexibilite du salaire aux variations de la demande de travail...

Ce document de travail propose une introduction analytique a la lecture des théories du systeme mondial capitaliste. Une premiere partie explique les liaisons existant entre l'oeuvre de Marx et ces theories. Les trois parties suivantes sont consacrees aux apports respectifs de Samir Amin,...