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Now showing items 11-20 of 55
The Alberta Dilemma: Optimal Sharing of a Water Resource by an Agricultural and an Oil Sector
(Université de Montréal. Département de sciences économiques., 2005)
The purpose of this paper is to characterize the optimal time paths of production and water usage by an agricultural and an oil sector that have to share a limited water resource. We show that for any given water stock, ...
Choosing Wisely: The Natural Multi-Bidding Mechanism
(Université de Montréal. Département de sciences économiques., 2005)
Pérez-Castrillo and Wettstein (2002) propose a multi-bidding mechanism to determine a winner from a set of possible projects. The winning project is implemented and its surplus is shared among the agents. In the multi-bidding ...
The Transmission of Monetary Policy in a Multi-Sector Economy
(Université de Montréal. Département de sciences économiques., 2005)
This paper constructs and estimates a sticky-price, Dynamic Stochastic General Equilibrium model with heterogenous production sectors. Sectors differ in price stickiness, capital-adjustment costs and production technology, ...
On Limits to the Use of Linear Markov Strategies in Common Property Natural Resource Games
(Université de Montréal. Département de sciences économiques., 2005)
We derive conditions that must be satisfied by the primitives of the problem in order for an equilibrium in linear Markov strategies to exist in some common property natural resource differential games. These conditions ...
Top-Cycle Rationalizability
(Université de Montréal. Département de sciences économiques., 2005)
We identify necessary and sufficient conditions for the choice set from every subset A of a (finite) universal set X to coincide with the top cycle in A of some fixed tournament on X.
Economic Development under Alternative Trade Regimes
(Université de Montréal. Département de sciences économiques., 2005)
How does openness affect economic development? This question is answered in the context of a dynamic general equilibrium model of the world economy, where countries have technological differences that are both sector-neutral ...
First-Degree Discrimination in a Competitive Setting: Pricing and Quality Choice
(Université de Montréal. Département de sciences économiques., 2005)
The paper investigates competition in price schedules among vertically differentiated dupolists. First order price discrimination is the unique Nash equilibrium of a sequential game in which firms determine first whether ...
Fichte, Schleiermacher Y W. Von Humboldt, sobre la creación de la universidad de Berlín
(Universidad del Valle. Departamento de Filosofia, 2005)
On the eve of the foundation of the University of Berlin, Wilhelm von Humboldt was in charge of choosing between the various proposals submitted for the organization of the future institution. Since he had to choose for ...
Intertemporal Social Evaluation
(Université de Montréal. Département de sciences économiques., 2005)
Intertemporal social-evaluation rules provide us with social criteria that can be used to assess the relative desirability of utility distributions across generations. The trade-offs between the well-being of different ...