First Author:   Laurent Franckx Royal Military Academy and Center for Economic Studies, Catholic University of Leuven Laurent.Franckx@egeb.rma.ac.be   Department of Economics and Management, Royal Military Academy, Avenue de la Renaissance 30 Bruxelles, 1000, Belgium   003227376457(Phone) 003227376457(Fax) http://morlet.rma.ac.be/RMA-EGEB/pers_lf.html