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A Class of Two-Group Polarization Measures
(Université de Montréal. Département de sciences économiques., 2007)
Oligarchies in Spatial Environments
(Université de Montréal. Département de sciences économiques., 2007)
In spatial environments we consider social welfare functions satisfying Arrow’s requirements, i.e. weak Pareto and independence of irrelevant alternatives. Individual preferences measure distances between alternatives ...
How Much Inflation is Necessary to Grease the Wheels?
(Université de Montréal. Département de sciences économiques., 2007)
This paper studies Tobin's proposition that inflation "greases" the wheels of the labor market. The analysis is carried out using a simple dynamic stochastic general equilibrium model with asymmetric wage adjustment costs. ...