We study a canonical model of decentralized exchange for a durable good or asset, where agents are assumed to have time-varying, heterogeneous utility types. Whereas the existing literature has focused on the special case of two types, we allow agents' uti ...
Globalization implies profound changes in territories that involve the emergence of major urban renewal projects. It has the effect of increasing competition between metropolises. In order to make a place for themselves in this increasingly competitive glo ...
Forecasts about 'peak oil', the limits of oil production, are the subject of controversies. 'Peak oil' forecasts are based on extrapolations of a priori chosen mathematical models fitted to field data. Scientifically that is not very sound. To clarify this ...
This article is inspired by the observation of a massive change of opinion on the part of economists regarding the question of the patent as a mechanism allowing an economically acceptable solution to be found to the so-called “imperfect appropriability” p ...