Recent Submissions

  • Belief-weighted Nash aggregation of Savage preferences 

    Sprumont, Yves (Université de Montréal. Département de sciences économiques., 2018-09)
    The 'belief-weighted Nash social welfare functions' are methods for aggregating Savage preferences defined over a set of acts. Each such method works as follows. Fix a 0-normalized subjective expected utility representation of every possible preference ...
  • Innovation growth clusters : Lessons from the industrial revolution 

    Dudley, Leonard; Rauh, Christopher (Université de Montréal. Département de sciences économiques., 2018-08)
    Over three centuries ago, a new technology suddenly increased the amount and frequency of available information. Might such «Big Data» have disrupted the causal relationships linking economic growth and innovation? Previous research has affirmed that ...
  • The impact of uncertainty in agriculture 

    Godefroy, Raphaël; Lewis, Joshua (Université de Montréal. Département de sciences économiques., 2018-08)
    Income uncertainty in the rural economy is widely considered an important impediment to growth in poor countries. This paper uses a rich dataset on productivity, land use, and output for 17 different crops across 500,000 plots of land in 87 countries ...
  • Precision may harm: The comparative statics of imprecise judgement 

    Horan, Sean; Manzini, Paola (Université de Montréal. Département de sciences économiques., 2018-08)
    We consider an agent whose information about the objects of choice is imperfect in two respects: first, their values are perceived with ‘error’; and, second, the realised values cannot be discriminated with absolute ‘precision’. Reasons for imprecise ...
  • The birth of the congressional clinic 

    Godefroy, Raphaël (Université de Montréal. Département de sciences économiques., 2018-08)
    This paper studies the impact of mortality in the districts/states represented in key congressional groups (i.e. committees, subcommittees, and parties) on the National Institutes of Health (NIH) allocation of medical research funds across diseases, ...
  • Strategic investment and learning with private information 

    Klein, Nicolas; Wagner, Peter (Université de Montréal. Département de sciences économiques., 2018-08)
    We study a two-player game of strategic experimentation in which agents choose the timing of investments which yield uncertain returns over time. Agents learn about future returns through privately observed signals, others’ investment decisions and ...
  • Bandits in the Lab 

    Hoelzemann, Johannes; Klein, Nicolas (Université de Montréal. Département de sciences économiques., 2018-08)
    We test Keller, Rady, Cripps’ (2005) game of strategic experimentation with exponential bandits in the laboratory. We find strong support for the prediction of free-riding because of strategic concerns. We also find strong evidence for behavior that ...
  • Organizing time banks: Lessons from matching markets 

    Andersson, Tommy; Cseh, Agnes; Ehlers, Lars; Erlanson, Albin (Université de Montréal. Département de sciences économiques., 2018-07)
    A time bank is a group of people that set up a common platform to trade services among themselves. There are several well-known problems associated with this type of time banking, e.g., high overhead costs and difficulties to identify feasible trades. ...
  • Bootstrapping factor models with cross sectional dependence 

    Gonçalves, Sílvia; Perron, Benoit (Université de Montréal. Département de sciences économiques., 2018-07)
    We consider bootstrap methods for factor-augmented regressions with cross sectional dependence among idiosyncratic errors. This is important to capture the bias of the OLS estimator derived recently by Gonçalves and Perron (2014). We first show that a ...
  • 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 ...

View more