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Now showing items 121-130 of 151
Externalities, Potential, Value and Consistency
(Université de Montréal. Département de sciences économiques., 2008-04)
We provide new characterization results for the value of games in partition function form. In particular, we use the potential of a game to define the value. We also provide a characterization of the class of values which ...
Multi-Profile Intergenerational Social Choice
(Université de Montréal. Département de sciences économiques., 2008-06)
Ferejohn and Page transplanted a stationarity axiom from Koopmans’ theory of impatience into Arrow’s social choice theory with an infinite horizon and showed that the Arrow axioms and stationarity lead to a dictatorship ...
The Hessian Method (Highly Efficient State Smoothing, In a Nutshell)
(Université de Montréal. Département de sciences économiques., 2008-03)
A Generalized Index of Fractionalization
(Université de Montréal. Département de sciences économiques., 2008-01)
The goal of this paper is to contribute to the economic literature on ethnic and cultural diversity by proposing a new index that is informationally richer and more flexible than the commonly used ‘ethno-linguistic ...
Durable Goods, Inter-Sectoral Linkages and Monetary Policy
(Université de Montréal. Département de sciences économiques., 2008-08)
Barsky, House and Kimball (2007) show that introducing durable goods into a sticky-price model leads to negative sectoral comovement of production following a monetary policy shock
and, under certain conditions, to aggregate ...
Rationality, External Norms and the Epistemic Value of Menus
(Université de Montréal. Département de sciences économiques., 2008-06)
Ever since Sen’s (1993; 1997) criticism on the notion of internal consistency or menu independence of choice, there exists a widespread perception that the standard revealed preference approach to the theory of rational ...
The Effect of Public Spending on Consumption: Reconciling Theory and Evidence
(Université de Montréal. Département de sciences économiques., 2008-09)
Recent empirical evidence from vector autoregressions (VARs) suggests that public spending shocks increase (crowd in) private consumption. Standard general equilibrium models predict the opposite. We show that a standard ...
Legal Institutions, Sectoral Heterogeneity, and Economic Development
(Université de Montréal. Département de sciences économiques., 2008-07)
Poor countries have lower PPP–adjusted investment rates and face higher relative
prices of investment goods. It has been suggested that this happens either because
these countries have a relatively lower TFP in industries ...