I extend the Bayoumi-Eichengreen (1993) approach by extracting new information from a scatter plot of correlation coefficients between shocks in order to better visualize how far a given country is from a monetary union. Indexes of distance and relative strength can be derived from either a...

This paper aims to study the extent to which people's intuitions about the distribution of two attributes within a society are consistent with the different axiomatizations proposed by the economists. In particular, the objective is to compare two alternative principles, namely aversion to...

This paper focuses on the relationship between individual self-control and peer pressure. To this end, we implement a laboratory experiment that proceeds in two parts. The first part involves an individual real-effort task in which subjects may commit themselves to achieve a certain level of...

We consider in the present paper an original approach to a decision making problem related to the management of a primary resource, namely the rubber tree. By using the social choice theory through the approval voting, we show that it is possible to improve the return of the crop. Hence, by...

Heterogeneity has often changed the results of multiplicity and stability of equilibriums. In this article, we extend a paper written by Krugman by introducing two different types of workers with different productivity. This framework enables us to understand the weight of history in spatial...

It is well-known that expected utility (EU) has empirical deficiencies. Prospect theory (PT) has developed as an alternative with more descriptive validity. However, PT’s full function had not yet been quantified in the health domain. This paper is therefore the first to simultaneously measure...

In December 1999, the WAEMU countries have adopted the Pact of Convergence, Stability, Growth and Solidarity which states in its corrective arm, the basic fiscal balance, relative to nominal GDP, must be balanced. Implying that the presence of an unexpected adverse economic conditions,...

Several studies have highlighted the role of feedback mechanisms in the success of electronic marketplaces. In this current experiment, we attempt to isolate experimentally the role of reputation and social (dis)approval associated to ratings using a trust game experiment with the opportunity to...

This paper examines couple time preferences by reporting the results of an ex- periment based on the elicitation of nearest equivalent values. Decisions involving delayed outcomes are studied for each of the two partners individually and for the couple. This allows for a direct comparison...

Has credit rationing increased in France for twelve years? The hypothesis of an increase in credit rationing to French firms is very often postponed by observers. This article looks for an answer by comparing the results of surveys carried out in 2000 and 20012 on a sample of bankers specialized...