The aim of this paper is to study the ambivalent properties of stabilities of clusters. We propose to enter the black box of the local knowledge externalities by focusing on the location decision externalities. In particular, we show that the nature of mimetic strategies in the convergence...

The article explores the content and consequences of the French constitutional reform of March 2003. Among the objectives of that reform, one is to preserve the tax autonomy for the local public sector; another is to ensure that the coming wave of devolution of competencies to decentralised...

In this paper, we measure the welfare costs/gains associated with financial market incompleteness in a monetary union. To do this, we build on a two-country model of a monetary union with sticky prices subject to asymmetric productivity shocks. For most plausible values of price stickiness, we...

In voting theory, analyzing how frequent is an event (e.g. a voting paradox) is, under some specific but widely used assumptions, equivalent to computing the exact number of integer solutions in a system of linear constraints. Recently, some algorithms for computing this number have been...

A wide diversity of rankings of opportunity sets are characterized through what is now commonly called the freedom of choice literature. We claim the normative content of each of these propositions can be analyzed and clari¯ed through a typology. We distinguish two kinds of rankings: rankings...

In this article, the degree of integration between European countries is linked to the evolution of the pattern of trade. Evolution of the long-run sensitivity between European outputs is estimated by recursive Fully-Modifed Ordinary Least Squares (FM-OLS) and compared to a recursive index of...

Even, and in fact chiefly, if two or more players in a voting game have on a binary issue independent opinions, they may have interest to form a single voting alliance giving an average gain of influence for all of them. Here, assuming the usual independence of votes, we first study the alliance...

This paper deals with the non-emptiness of the stability set for any proper voting game.We present an upper bound on the number of alternatives which guarantees the non emptiness of this solution concept. We show that this bound is greater than or equal to the one given by Le Breton and Salles...