In many countries, the electricity systems are quitting the vertically integrated monopoly organization for an operation framed by competitive markets. In such a competitive regime one can ask what the optimal management of the nuclear generation set is. We place ourselves in a medium-term...

The general equilibrium model with incomplete markets is here extended to infinite horizon economies populated by a finite number of infinitely lived agents. the crucial issue that divides the infinite horizon setting from the finite horizon setting is in the nature of borrowing constraints,...

In this paper we adapt a discrete time version of the Lucas model to a model with social protection where part of the total production is devoted to the health expenditures. The output is produced by labor and the technology exhibits externalities. The rate of growth of human capital depends on...

This paper studies the existence of solutions in continuous time optimization problems. It provides a theorem whose conditions can be easily checked in most models of the optimal growth theory including those with increasing return and multi-sector economies.

In this paper, we establish an equivalent version of the hairy ball theorem in the form of a fixed point theorem. By using a version of Mas-Colell theorem [6] and by applying homotopy and approximation methods, we obtain our main result.

In many countries, the electricity systems are quitting the vertically integrated monopoly organization for an operation framed by competitive markets. It therefore questions how nuclear plants should be operated in an open market framework. We address the medium-term horizon of management to...