Recent Submissions

  • Discrimination without taste : How discrimination can spillover and persist 

    Ramachandran, Rajesh; Rauh, Christopher (Université de Montréal. Département de sciences économiques., 2018-06)
    We introduce coordination failures driven by beliefs regarding the presence of taste discriminators as a channel of discrimination in productive activities requiring the input of multiple agents. We show that discrimination can persist under perfectly ...
  • Gale's fixed tax for exchanging houses 

    Andersson, Tommy; Ehlers, Lars; Svensson, Lars-Gunnar; Tierney, Ryan (Université de Montréal. Département de sciences économiques., 2018-06)
    We consider the taxation of exchanges among a set of agents where each agent owns one object. Agents may have different valuations for the objects and they need to pay taxes for exchanges. Using basic properties, we show that if pairwise (or some) ...
  • Asset pledgeability and endogenously leveraged bubbles 

    Bengui, Julien; Phan, Toan (Université de Montréal. Département de sciences économiques., 2018-06)
    We develop a simple model of defaultable debt and rational bubbles in the price of an asset, which can be pledged as collateral in a competitive credit pool. When the asset pledgeability is low, the down payment is high, and bubble investment is ...
  • Monetary policy in sudden stop-prone economies 

    Coulibaly, Louphou (Université de Montréal. Département de sciences économiques., 2018-06)
    In a model featuring sudden stops and pecuniary externalities, I show that the ability to use capital controls has radical implications for the conduct of monetary policy. Absent capital controls, following an inflation targeting regime is nearly ...
  • Modèle espace-état : estimation bayésienne du NAIRU américain 

    Djolaud, Guy Arnold (2018-03-21)
    Phillips (1958) in his study on England, showed the existence of a relationship between the unemployment rate and inflation, and the potential existence of an arbitrage between those two aggregates. Indeed, when the unemployment rate decreases, the ...
  • Robust design in monotonic matching markets : a case for firm-proposing deferred-acceptance 

    Ehlers, Lars; Masso, Jordi (Université de Montréal. Département de sciences économiques., 2018-05)
    We study two-sided matching markets among workers and firms. Workers seek one position at a firm but firms may employ several workers. In many applications those markets are monotonic: leaving positions unfilled is costly as for instance, for hospitals ...
  • Positively responsive collection choice rules and majority rule: a generalization of May's theorem to many alternatives 

    Horan, Sean; Osborne, Martin J.; Sanver, M. Remzi (Université de Montréal. Département de sciences économiques., 2018-04)
    A collective choice rule selects a set of alternatives for each collective choice problem. Suppose that the alternative ’x’, is in the set selected by a collective choice rule for some collective choice problem. Now suppose that ‘x’ rises above another ...
  • Externalities and the nucleolus 

    Alvarez-Mozos, Mikel; Ehlers, Lars (Université de Montréal. Département de sciences économiques., 2017-09)
    In most economic applications, externalities prevail: the worth of a coalition depends on how the other players are organized. We show that there is a unique natural way of extending the nucleolus from (coalitional) games without externalities to games ...
  • Relative Nash welfarism 

    Sprumont, Yves (Université de Montréal. Département de sciences économiques., 2017-09)
    Relative Nash welfarism is a solution to the problem of aggregating von Neumann-Morgenstern preferences over a set of lotteries. It ranks such lotteries according to the product of any collection of 0-normalized von Neumann-Morgenstern utilities they ...
  • Three essays in macro-finance, international economics and macro-econometrics 

    Kemoe, Laurent (2017-09-27)
    This thesis brings new evidence on different strands of the literature in macro-finance, international economics and macroeconometrics. The first two chapters combine both theoretical models and empirical techniques to deepen the analysis of important ...

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