We study a generalization of Mirrlees' income taxation model in which qualifications of workers are both endogenous and observable by the government. Individuals differ by their inobservable abilities, which affect simultaneously their disutility of labor and their cost of training. In general...

L'intensification de la Concurrence Sur Certains Marches D'assurance a Encourage L'emergence du Principe de la Personnalisation des Primes, Qui S'oppose au Traditionnel Principe de Mutualisation des Risques. Menee a Son Extreme, la Personnalisation Conduirait a une Tarification Equitable de...

This paper investigates the determinants of the structure of the banking industry by fitting a monopolistic competition model to a sample of banks drawn from eight EEC countries over 1989-1993. In the theoretical model, banks decide strategically both entry and the branching size of thier...

This paper studies optimal investment in different types of electric plants. Neither future fuel prices nor future demand are known. Furthermore, we take into account explicitly the problems of management of the peak load and of the decrease of efficiency of plants used for long periods. A two...