In this paper we test the effectiveness of a compensation mechanism when a negative externality is produced. It allows agents suffering from the negative externality to compensate those who reduce its production. Transfers are implemented via a two-stage design which is an adaptation of...

Nos choix présents en matière de lutte contre la déforestation et le dérèglement climatique, contre la surexploitation des ressources naturelles ou encore contre l’érosion du patrimoine écologique, ont des effets qui persisteront longtemps après notre disparition. Devons-nous pour...

This paper provides general theorems about the control that maxi- mizes the mixed Bentham-Rawls (MBR) criterion for intergenerational justice, which was introduced in Alvarez-Cuadrado and Long (2009). We establish sufficient concavity conditions for a candidate trajectory to be optimal and...

This paper offers a new mechanism in order to Nash-implement a Pareto optimal level of ambient pollution. As usual in the literature on non point source pollution, the proposed scheme is not conditional on individual emissions, since they are not observable; rather it is conditional on aggregate...

Qu’est-ce qu’un économiste ? Un cynique, aurait pu répondre Oscar Wilde, « qui connaît le prix de tout mais la valeur de rien ». Vraie ou fausse, cette affirmation résume assez bien une opinion générale qui s’est exprimée encore récemment lors de la parution en 2010 du rapport...

The European economic integration leads to increasing mobility of factors, thereby threatening the stability of social transfer programs. This paper investigates the possibility to achieve by means of voluntary matching grants both the optimal allocation of factors and the optimal level of...

"Sustainable development must satisfy the needs of present generations without compromising the ability of future generations to meet theirs. Although it looks at the economic, environmental and social aspects of sustainability, this article focuses specifically on an analysis of the concept in...