Parallel Research, Multiple Intellectual Property Right Protection Instruments, and the Correlation among R&D Projects, September 2005

The choice of a research path in attacking scientific and technological problems is a significant component of firms’ R&D strategy. One of the findings of the patent races literature is that, in a competitive market setting, firms’ noncooperative choices of research projects display an excessive degree of correlation, as compared to the socially optimal level. The paper revisits this question in a context in which firms have access to trade secrets, in addition to patents, to assert intellectual property rights (IPR) over their discoveries. We find that the availability of multiple IPR protection instruments can move the paths chosen by firms engaged in an R&D race toward the social optimum.

Production and Abatement Distortions under Noisy Green Taxes, October 2005

Pigouvian taxes are typically imposed in situations where there is imperfect knowledge on the extent of damage caused by a producing firm. A regulator imposing imperfectly informed Pigouvian taxes may cause the firms that should (should not) produce to shut down (produce). In this paper we use a Bayesian information framework to identify optimal signal-conditioned taxes in the presence of such losses. The tax system involves reducing (increasing) taxes on firms identified as causing high (low) damage. Unfortunately, when an abatement decision has to be made, the tax system that minimizes production distortions also dampens the incentive to abate. In the absence of wrong-firm concerns, a regulator can solve the problem by not adjusting taxes for signal noise. When wrong-firm losses are a concern, the regulator has to trade off losses from distorted production incentives with losses from distorted abatement incentives. The most appropriate policy may involve a combination of instruments.

Théâtre itinéraire de la Guerre actuelle entre les Turcs, d'une part, les Russes et les Impériaux, d'autre part : carte relative aussi au partage éventuel d'une partie de l'Empire Othoman / par M[onsieur Louis] Brion de la Tour, Ing[énieu]r Géographe du Roi

Échelle(s) : [1:3 400 000 ca] Échelle de Lieues d'une heure, ou de 20 au Degré 80 = [10,4 cm] (d'après échelles graphiques).

Théâtre itinéraire de la Guerre actuelle entre les Turcs, d'une part, les Russes et les Impériaux, d'autre part : carte relative aussi au partage éventuel d'une partie de l'Empire Othoman / par M[onsieur Louis] Brion de la Tour, Ing[énieu]r Géographe du Roi

Échelle(s) : [1:3 400 000 ca] Échelle de Lieues d'une heure, ou de 20 au Degré 80 = [10,4 cm] (d'après échelles graphiques).

Carte topographique de la route du Simplon entre Brieg et Domo d'Ossola / dressée par Ch[ar]les Picquet, géographe ord[inai]re du roi et de S.A.R m[onsei]g[neu]r le duc d'Orléans

Échelle(s) : 1:100 000

La Macedonia / descritta da Giacomo Cantelli da Vignola suddito, è Geografo del Serenis[si]mo Sig[no]r Duca di Modena ; Fran[cesc]us Donia Mess[anens]is sculp[si]t

Échelle(s) : [1:895 000 environ], Miglia Italiane 30 [= 6,1 cm]

How current Tax Laws affect Woodlands Owners, August 1998

This report is on the effects of the tax reforam act of 1986 on timber production activites.

Savoir s'assurer : économie politique internationale des normes de services et mondialisation du marché de la (ré)assurance

The significance of the insurance industry in the functioning of the world economy is often underestimated, with premiums reaching 7.5 % of world gross domestic product (GDP), three times as much as worldwide military expenses. Insurance services mutualise risks in such a way as they provide a form of private governance that complements or makes up for guarantees otherwise supplied by the State. This case study of international standards developed for the insurance market provides evidence that deviates from conventional accounts considering service standards as heavily dependent of national environments and industry specificities. The chapter examines the relationship between tertiarisation, internationalisation and standardisation of contemporary economies by highlighting the complementarity between institutionalist approaches of the French regulation school and international political economy scholarship shedding light on the polarisation in the possible use of standards, notwithstanding thesectoraland institutional specificities of the activities concerned.