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'Whatever it Takes' to Change Belief: Evidence from Twitter
The sovereign debt literature emphasizes the possibility of avoiding a self-fulfilling default crisis if markets anticipate the central bank to act as lender of last resort. This paper investigates the extent to which changes in belief about an intervention of the European Central Bank (ECB) explain...
A Cost-Effective Data Replica Placement Strategy Based on Hybrid Genetic Algorithm for Cloud Services
Part 2: Data Management and Applications for EIS International audience Cloud computing provide an efficient big data processing platform for many small and medium scale enterprises, how to replicate and allocate data in clouds is a critical problem influencing cost consumption for small and medium...
Non parametric estimation for regulation models
Regulation models are a special class of contract models that have received a lot of attention from economists in the last few decades. This continuous interest has been motivated by an increasing need in designing regulatory policies in a world where decentralization and delegation of public servic...
Intercultural perceptions among undergraduate students in English for Business and Economics courses.
The practice of intercultural communication should be a primary goal of Language for Specific Purposes (LSP) courses in tertiary education, because, through language instruction, future professionals can become aware of intercultural differences and develop strategies to deal with them, thus equippi...
A positivist criticism of positivist growth theory
Abstract: The notion of growth is one of the most studied notions within economic theory and, traditionally, it is accounted for based on a positivist thesis according to which assumptions are not relevant, if economic models have acceptable predictive power. Following this view, it does not matter...
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Economic Complexity and Human Development
This book combines the human development approach and innovation economics in order to explore the effects that structural economic change has on human development. The author discusses how innovation, social networks, economic dynamics and human development are interlinked, and provides several pra...
Asymmetric information and pooling contracts in the hospital sector, with Florence NAEGELEN, Journal of Institutional and Theoretical Economics, 170 (2),2014, 365-386
Essays on macroeconomics of hysteresis and climate change
Is commodity taxation unfair?
International audience In a model where agents have unequal skills and heterogeneous preferences about consumption goods and leisure, this paper studies how to combine commodity taxes and non-linear income tax. It proposes a particular social welfare function on the basis of fairness principles. It...
Cultural Integration in France
How Dependent is Growth from Primary Energy? The Dependency ratio of Energy in 33 Countries (1970-2011)
Except for specialized resource economics models, economics pays little attention to the role of energy in growth. This paper highlights basic difficulties behind the mainstream analytical arguments for this neglect, and provides an empirical reassessment of this role. We use an error correction mod...
The risky steady state
We propose a simple quantitative method to linearize around the risky steady state of a small open economy. Unlike when the deterministic steady state is used, the net foreign asset position is well defined. We allow for stochastic income and stochastic interest rate.
Nonresponsiveness, Severity Auditing, and Upcoding Deterrence
Early Access Schemes and Pricing Strategies: A Case Study on Temporary Authorization for Use in France from 1994 to 2016
International audience Early access schemes for pharmaceuticals have been increasingly implemented worldwide with the objective of satisfying unmet medical needs or facilitating market access for certain innovative drugs. It allows for pharmaceuticals which have not yet obtained their marketing auth...
Exploring the finance-real economy link in U.S.: an empirical evidence from panel unit root and cointegration analysis
Analysis of the determinants of households’ expenditures in Rwanda
Knowledge Dynamics and Climate Change Issues in the Wine Industry: A Literature Review
The wine industry contributes to the economy and reputation of many countries all over the world. This sector is likely to be particularly affected, given its extreme sensitivity to any change in climate patterns. This article tries to discover if scientific knowledge has led to recommendations, and...
Modes of coordination and institutions: Towards a dynamic approach
Inspired by the neo-institutional approach, our research program sets for itself the task of contributing to the emergence of a dynamic analysis of coordination mechanisms in which institutions play a key role. Borrowing the Davis's and North's (1971, pp. 6-7) distinction between the “institutional...
On the complementarity of equilibrium exchange-rate approaches
Four and Half Centuries of New (New) Law and Economics: Legal Pragmatism, Discreet Joint Regulation and Institutional Capture at the Commercial Court of Paris
Social oversight and regulation of entrepreneurial and commercial activities have always involved an unbalanced three-way competition for influence between the State, the business world (companies and their institutional representatives) and consumers. This struggle is growing more intense in a mark...
The Risk of Individual Stocks' Tail Dependence with the Market and Its Effect on Stock Returns
International audience Traditional beta is only a linear measure of overall market risk and places equal emphasis on upside and downside risks, but actually the latter is always much stronger probably due to the trading mechanism like short-sale constraints. Therefore, this paper employs the nonline...
The effect of demand-driven structural transformations on growth and technological change
Property rights and deforestation in the Brazilian Amazon
International audience This paper focuses on the impact of property rights insecurity on deforestation in the Brazilian Legal Amazon. Deforestation is considered as a risk management strategy: property rights insecurity reduces the present value of forests and fosters forest conversion into agricult...
The design of insurance coverage for medical products under imperfect competition
This paper studies the design of health insurance with ex post moral hazard, when there is imperfect competition in the market for the medical product. Various scenarios, such as monopoly pricing, price negotiation or horizontal differentiation are considered. The insurance contract specifies two ty...
Measurement invariance of the moral vitalism scale across 28 cultural groups
International audience Moral vitalism refers to a tendency to view good and evil as actual forces that can influence people and events. The Moral Vitalism Scale had been designed to assess moral vitalism in a brief survey form. Previous studies established the reliability and validity of the scale i...