Cet article propose une analyse économique comparative de différentes règles de droit utilisées en cas de rupture de contrat. Il met plus particulièrement l'accent sur trois critères: la rupture efficace du contrat, l'existence d'investissement spécifique dans la relation contractuelle et...

What was the role of consumption structure evolution in the industrialization phases of the Western world since the 18th century? To answer this question, we first ask the économical ad historical literature. We detify the main phases of consumption structure evolution and establish a plausible...

Through a long-period analysis of the inter-temporal relations between the French markets for credit default swaps (CDS), shares and bonds between 2001 and 2008, this article shows how a financial innovation like CDS could heighten financial instability. After describing the operating principles...

Many observers argue that the abnormal accumulation of risk by banks has been one of the major causes of the 2007-2009 …nancial turmoil. But what could have pushed banks to engage in such a risk race? The answer brought by this paper builds on the classical signaling model by Spence. If banks'...

This paper presents another definition of substitutes and complements. It follows a dual approach using the Luenberger's benefit function. The benefit function measures the amount of a reference bundle that an individual would be willing to give up to move from a given utility level to any...

The epidemiologic conditions in developing countries gives rise to a growing need for essentials drugs, among others to treat people infected by HIV/AIDS. This paper aims at addressing this sanitary issue under TRIPS agreement. It contrasts the flexibilities provided by the TRIPS to ensure...

L'étude propose de suivre un triple objectif : 1- Contribuer à l'inventaire et à l'évaluation des intervenants en productique dans la région francilienne, dans ses aspects tant quantitatifs que qualitatifs (industriels et laboratoires de recherche) ; 2- Evaluer la manière dont les tissus...

Cet article présente une formalisation élémentaire du "marché" des publications académiques dans uncontexte dinformation incomplète sur la qualité des contributions de chaque auteur. Lo¤re darticlesest présentée comme le résultat dun jeu entre le responsable dun centre de recherche et...

The paper argues that the world economy might experiment inflationary pressures (or restrictive policies aimed at fighting them) when the economic depression triggered by the financial crisis is stabilized. The primary cause is that bad money has been (endogenously) delivered which did not lead...

This paper studies horizontal mergers in vertically related markets. In a two-level Cournot model, with an intermediate and a final market, we show that downstream mergers inducing size effects are, ceteris paribus, more profitable than upstream ones. Moreover, a merger at one level reduces the...