This paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whose supply is subject to the threat of an irreversible disruption. We focus on the medium term in which seasonality of demand and exhaustibility can be neglected. We characterize the price and...

In this paper, we discuss how fraud liability regimes impact the price structure that is chosen by a monopolistic payment platform, in a setting where merchants can invest in fraud detection technologies. We show that liability allocation rules distort the price structure charged by platforms or...

The transition of a sector from a pollutant state to a clean one is studied. A green technology, subject to learning-by-doing, progressively replaces an old one. The notion of abatement cost in this dynamic context is fully characterized. The theoretical, dynamic optimization, perspective is...

This paper analyzes telecommunications demand by firms, focusing on communication flows among production units. We consider first the case of two business unit that can play simultaneously or in a leader/follower situation regarding their communication decisions. In this context, we define the...

This paper presents a very simple characterization of the technological choices underlying M-form and U-form organizations. We first show that the externalities within a function favour the M-form, which gives higher profit, higher output level and lower prices than the U-form. The major...