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We Present a Model of a Mineral Producing Sector Where Irreversible Investment in Capacity and the Presence of Orebodies Which Differ in Quality and Volume Help Explain Some Important Stylized Facts. in Particular We Find That, While Deposits Are Exhausted in Declining Order of Grade, More Than...
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In This Note, We Explain Why Comparing the Total Factor Productivities of Extractive, and Non Extractive, Sectors Is Likely to Be Misleading; Then We Propose a Correction and Implement It for the Cas of Asbestos, Where It Turns Out to Make a Significant Difference.
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En Presence de Selection Adverse les Assures Ne Sont Pas Incites a Reveler les Vrais Risques Qu'ils Representent et Il Est Couteux Pour les Assureurs D'observer Ces Risques. Dans Ce Texte, Nous Presentons Deux Strategies Dans Lesquelles L'assureur Utilise L'information Associee a L'experience...
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Cet Article Adapte la Theorie de L'investissement En Situation de Certitude au Cas de la Firme Extractive. on Distingue Demandes Ex Ante et Demandes Ex Post Auxquelles Est Consacre L'essentiel de L'article. Comme les Contraintes Qui Sont Presentes Ex Post Affectent les Decisions Ex Ante, on...
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