• Imposing equilibrium restrictions in the estimation of dynamic discrete games 

    Aguirregabiria, Victor; Marcoux, Mathieu (Université de Montréal. Département de sciences économiques., 2019-09)
    Imposing equilibrium restrictions provides substantial gains in the estimation of dynamic discrete games. Estimation algorithms imposing these restrictions – MPEC, NFXP, NPL, and variations – have different merits and limitations. MPEC guarantees local ...
  • Measuring uncertainty at the regional level using newspaper text 

    Rauh, Christopher (Université de Montréal. Département de sciences économiques., 2019-08)
    In this paper I present a methodology to provide uncertainty measures at the regional level in real time using the full bandwidth of news. In order to do so I download vast amounts of newspaper articles, summarize these into topics using unsupervised ...
  • Unemployment, entrepreneurship and firm outcomes 

    Galindo da Fonseca, Joao (Université de Montréal. Département de sciences économiques., 2019-05)
    Are there differences between firms created by unemployed individuals relative to otherwise identical employed individuals? The answer is crucial for understanding the impact of policies that promote entrepreneurship among the unemployed. I develop an ...
  • Spouses and entrepreneurship 

    Galindo da Fonseca, Joao; Berube, Charles (Université de Montréal. Département de sciences économiques., 2019-05)
    Does having a spouse influence an individual’s decision to start a firm and what firms they create? The answer to this question is crucial for our understanding of how recent changes to family composition influence firm creation. We develop a model of ...
  • The housing boom and selection into entrepreneurship 

    Galindo da Fonseca, Joao; Pannella, Pierluca (Université de Montréal. Département de sciences économiques., 2019-05)
    We provide evidence that the boom in housing prices occurred in the early 2000 distorted the selection of individuals that opened a business. A simple model of collateral financing predicts an increase in entry into entrepreneurship for house-owners ...
  • Entrepreneurship, outside options and constrained 

    Galindo da Fonseca, Joao; Snoddy, Iain (Université de Montréal. Département de sciences économiques., 2019-05)
    The literature on search frictions has often adopted the assumption of free entry. In this paper we forgo of this restriction by proposing a more realistic framework in which individuals are constantly making the decision whether or not to open a firm. ...
  • The hard problem of prediction for conflict prevention 

    Mueller, Hannes; Rauh, Christopher (Université de Montréal. Département de sciences économiques., 2019-04)
    There is a rising interest in conflict prevention and this interest provides a strong motivation for better conflict forecasting. A key problem of conflict forecasting for prevention is that predicting the start of conflict in previously peaceful ...
  • Games with unobservable heterogeneity and multiple equilibria: an application to mobile telecommunications 

    Marcoux, Mathieu (Université de Montréal. Département de sciences économiques., 2019-02)
    To shed light on the limited success of competition enhancing policies in mobile telecommunications, I estimate a game of transceivers’ locations between national incumbents and a new entrant in Canada. I recover player-specific unobserved heterogeneity ...
  • Sharp test for equilibrium uniqueness in discrete games with a flexible information structure 

    Marcoux, Mathieu (Université de Montréal. Département de sciences économiques., 2018-12)
    I propose a test for an assumption commonly maintained when estimating static discrete games of incomplete information, i.e. the assumption of equilibrium uniqueness in the data generating process. The test is appealing for several reasons. It allows ...
  • Random consideration and choice: A case study of «default» options 

    Horan, Sean (Université de Montréal. Département de sciences économiques., 2018-11)
    A growing number of stochastic choice models include a “default” option for situations where the decision maker selects none of the feasible alternatives. While this is a welcome development, these models also present an empirical challenge - since the ...
  • Threshold Luce rules 

    Horan, Sean (Université de Montréal. Département de sciences économiques., 2018-11)
    In the late 1950’s, Luce proposed two different theories of imperfect utility discrimination that have had a lasting impact on economics. One model (1956) gave rise to the literature on just noticeable differences while the other (1959) laid the ...
  • Dynamic refugee matching 

    Andersson, Tommy; Ehlers, Lars; Martinello, Alessandro (Université de Montréal. Département de sciences économiques., 2018-10)
    Asylum seekers are often assigned to localities upon arrival using uninformed matching systems, which lead to inefficient and unfair allocations. This paper proposes an informed dynamic mechanism as an intuitive and easy-to-implement alternative. Our ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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, ...
  • 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 ...
  • 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 ...
  • 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 ...
  • 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 ...