Browsing Faculté des arts et des sciences – Département de sciences économiques - Travaux et publications by Title
Now showing items 450-469 of 564
-
Sampling Interval and estimated Betas : Implications for the Presence of Transitory Components in Stock Prices
(Université de Montréal. Département de sciences économiques., 1998)We provide a theoretical framework to explain the empirical finding that the estimated betas are sensitive to the sampling interval even when using continuously compounded returns. We suppose that stock prices have both permanent and transitory components. ... -
School Choice with Control
(Université de Montréal. Département de sciences économiques., 2010-06)Controlled choice over public schools is a common policy of school boards in the United States. It attempts giving choice to parents while maintaining racial and ethnic balance at schools. This paper provides a foundation for controlled school ... -
«School choice with controlled choice constraints: hard bounds versus soft bounds»
(Université de Montréal. Département de sciences économiques., 2011-11)Controlled choice over public schools attempts giving options to parents while maintaining diversity, often enforced by setting feasibility constraints with hard upper and lower bounds for each student type. We demonstrate that there might not exist ... -
Second Rang et Desequilibre
(Université de Montréal. Département de sciences économiques., 1980) -
Sector-Specific on-the-Job Training: Evidence from U.S. Data
(Université de Montréal. Département de sciences économiques., 1999)Using data from the National Longitudinal Survey of Youth (NLSY), we re-examine the effect of formal on-the-job training on mobility patterns of young American workers. By employing parametric duration models, we evaluate the economic impact of training ... -
Sector-Specific Training and Mobility in Germany
(Université de Montréal. Département de sciences économiques., 1999)This article studies mobility patterns of German workers in light of a model of sector-specific human capital. Furthermore, I employ and describe little-used data on continuous on-the-job training occurring after apprenticeships. Results are presented ... -
Sectoral Price Rigidity and Aggregate Dynamics
(Université de Montréal. Département de sciences économiques., 2009-02)In this paper, we study the macroeconomic implications of sectoral heterogeneity and, in particular, heterogeneity in price setting, through the lens of a highly disaggregated multi-sector model. The model incorporates several realistic features and ... -
The Seemingly Unrelated Dynamic Cointegration Regression Model and Testing for Purching Power Parity
(Université de Montréal. Département de sciences économiques., 2000)This paper studies seemingly unrelated linear models with integrated regressors and stationary errors. By adding leads and lags of the first differences of the regressors and estimating this augmented dynamic regression model by feasible generalized ... -
Self-Selective Social Choice Functions
(Université de Montréal. Département de sciences économiques., 2006-11)It is not uncommon that a society facing a choice problem has also to choose the choice rule itself. In such situation voters’ preferences on alternatives induce preferences over the voting rules. Such a setting immediately gives rise to a natural ... -
A Semi-Parametric Factor Model for Interest Rates
(Université de Montréal. Département de sciences économiques., 1996)Understanding the dynamics of interest rates and the term structure has important implications for issues as diverse as real economic activity, monetary policy, pricing of interest rate derivative securities and public debt financing. Our paper follows ... -
Semi-Parametric Weak Instrument Regressions with an Application to the Risk-Return Trade-off
(Université de Montréal. Département de sciences économiques., 1999)Recent work shows that a low correlation between the instruments and the included variables leads to serious inference problems. We extend the local-to-zero analysis of models with weak instruments to models with estimated instruments and regressors ... -
Sequential Location Equilibria Under Incomplete Information
(Université de Montréal. Département de sciences économiques., 1994) -
The Shape of the Risk Premium: Evidence from a Semiparametric Garch Model
(Université de Montréal. Département de sciences économiques., 1999)We examine the relationship between the risk premium on the S&P 500 index return and its conditional variance. We use the SMEGARCH - Semiparametric-Mean EGARCH - model in which the conditional variance process is EGARCH while the conditional mean is ... -
Sharing a River
(Université de Montréal. Département de sciences économiques., 2000)A group of agents located along a river have quasi-linear preferences over water and money. We ask how the water should be allocated and what money transfers should be performed. We are interested in efficiency, stability (in the sense of the core), ... -
Sharing a River among Satiable Countries
(Université de Montréal. Département de sciences économiques., 2006-07)With diminishing global water reserves the problem of water allocation becomes increasingly important. We consider the problem of efficiently sharing a river among a group of satiable countries. Inducing countries to efficiently cooperate requires ... -
Sharing the Cost of a Public Good without Subsidies
(Université de Montréal. Département de sciences économiques., 2006-07)We study the construction of a social ordering function for the case of a public good financed by contributions from the population, and we extend the analysis of Maniquet and Sprumont (2004) to the case when contributions cannot be negative, i.e. ... -
Sharing the Cost of a Public Good: an Incentive-Constrained Axiomatic Approach
(Université de Montréal. Département de sciences économiques., 2006-07)We study the problem of provision and cost-sharing of a public good in large economies where exclusion, complete or partial, is possible. We search for incentive-constrained efficient allocation rules that display fairness properties. Population ... -
Sharp test for equilibrium uniqueness in discrete games with a flexible information structure
(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 ... -
Short run and long run causality in time series: Inference
(Université de Montréal. Département de sciences économiques., 2003)We propose methods for testing hypotheses of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at ... -
Short-Run and Long-Rub Causality in Time Series: Theory
(Université de Montréal. Département de sciences économiques., 1995)