The EU ETS has been criticised for threatening the competitiveness of European industry and generating carbon leakage, i.e., increasing foreign greenhouse gas emissions. Two main options have been put forward to tackle these concerns : border adjustments and output-based allocation, i.e.,...

Border adjustments are currently discussed to limit the possible adverse impact of climate policies on competitiveness and carbon leakage. We discuss the main choices that will have to be made if the European Union implements such a system alongside the EU ETS. Although more analysis is required...

Ce papier cherche à montrer que les problèmes éthiques posés par les pratiques monétaires et financières dans la mondialisation néolibérale ne sauraient être analysés à partir de la seule critique aristotélicienne d’une certaine chrématistique, l’accumulation d’argent comme...

Cet article tente d’identifier empiriquement les déterminants de la croissance turque à partir de données annuelles de 1980 à 1995. L’analyse empirique s’appuie sur un modèle théorique "canonique" de croissance qui nous sert à élaborer des résultats empiriques. Il nous invite à...

We analyze a Principal-Agent model of an insurer who faces an adverse selection problem. He is unable to observe if his client has a high risk or a low risk of having an accident. At the underwriting of the contract, the insurer requests the client to declare his risk. After that, the former can...

This paper explores the forecasting abilities of Markov-Switching models. Although MS models generally display a superior in-sample fit relative to linear models, the gain in prediction remains small. We confirm this result using simulated data for a wide range of specifications. In order to...

This paper provides an econometric evaluation of the impact of two innovative care programs for elderly people with dementia (day-care centers and group-living) on the well-being of the primary caregiver of patients. For this evaluation, we use data from a survey conducted in six European...