A comprehensive model of economic household decision is presented which incorporates both fully cooperative and fully non-cooperative variants, parameterized by the income distribution, as well as a semi-cooperative variant, parameterized in addition by a vector B, representing the degrees of...

This paper contributes to the analysis of the effects of demand structure on longterm growth. Introducing non-homothetic preferences in an otherwise standard quality- model, we first show that disparities in purchasing power generate positive R&D investment by quality leaders. This result is...

This paper contributes to the understanding of the determinants of country-level comparative advantages in terms of quality. More precisely, while the literature has mainly focused so far on supply-side determinants of such comparative advantages, we investigate both theoretically and...

Over the past few years, research in corporate governance has devoted increased attention to board of directors’ involvement in the strategic decision making process. But in spite of its growing interest, the literature provides theoretical pluralism and mixed empirical results. Indeed, the...

Most Western economists and policymakers agree that the Yuan is significantly undervalued and push for its quick nominal revaluation. This paper defends that many domestic and foreign factors could be responsible for the Yuan’s undervaluation, and the People’s bank of China (PBC) cannot...

This paper investigates the dynamic implications of Krugman’s (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature of international financial crisis. Considering explicitly the wealth-accumulation constraint and the external equilibrium...

L’approche contractuelle de la gouvernance a largement été le support des études menées sur le conseil d’administration (CA). Les résultats de ces recherches sont en général contradictoires et peu concluants. Malgré son apport pour expliquer les limites de l’approche dominante, peu...

La sous-évaluation du yuan fait partie du consensus des économistes et des décideurs de politique. La demande pressante des pays occidentaux pour une réévaluation nominale brutale du yuan ne prend pas en compte l’intérêt des entreprises (occidentales et chinoises) et des salariés...

Cet article étudie les liens entre le taux de syndicalisation et la croissance économique dans plusieurs pays européens afin de répondre à l’interrogation suivante : le taux de syndicalisation influence-t-il la croissance économique ou la relation est-elle inverse ? Dans certains pays,...

The newly introduced codecision procedure in asylum lawmaking at the EU level is analyzed through the lens of bargaining theory. We find a substantial institutional status quo bias, which can contribute to explain the current delays in asylum lawmaking. When a policy is agreed on, codecision...