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Now showing items 31-40 of 52
Multiple Public Goods and Lexicographic Preferences Replacement Principle
(Université de Montréal. Département de sciences économiques., 2001)
We study the problem of locating two public goods for a group of agents with single-peaked preferences over an interval. An alternative specifies a location for each public good. In Miyagawa (1998), each agent consumes ...
On Fixed-Path Rationing Methods
(Université de Montréal. Département de sciences économiques., 2001)
Moulin (1999) characterizes the fixed-path rationing methods by efficiency, strategy-proofness, consistency, and resource-monotonicity. In this note, we give a straightforward proof of his result.
A Representation Theorem for Domains with Discrete and Continuous Variables
(Université de Montréal. Département de sciences économiques., 2001)
This paper proves a new representation theorem for domains with both discrete and continuous variables. The result generalizes Debreu's well-known representation theorem on connected domains. A strengthening of the standard ...
The Measurement of Diversity
(Université de Montréal. Département de sciences économiques., 2001)
The notion of diversity is an issue that is of relevance in several contexts. For example, the biodiversity of a given ecological environment and the diversity of the options available to a decision maker have attracted ...
Asymmetric Smiles, Leverage Effects and Structural Parameters
(Université de Montréal. Département de sciences économiques., 2001)
In this paper, we characterize the asymmetries of the smile through multiple leverage effects in a stochastic dynamic asset pricing framework. The dependence between price movements and future volatility is introduced ...
Simulation-Based Finite-Sample Tests for Heteroskedasticity and ARCH Effects
(Université de Montréal. Département de sciences économiques., 2001)
A wide range of tests for heteroskedasticity have been proposed in the econometric and statistics literature. Although a few exact homoskedasticity tests are available, the commonly employed procedures are quite generally ...
A Prudent Central Banker
(Université de Montréal. Département de sciences économiques., 2001)
This paper studies monetary policy in an economy where the central banker's preferences are asymmetric around optimal inflation. In particular, positive deviations from the optimum can be weighted more, or less, severely ...
Non-Deteriorating Choice
(Université de Montréal. Département de sciences économiques., 2001)
We analyze an alternative to the standard rationalizability requirement for observed choices by considering non-deteriorating selections. A selection function is a generalization of a choice function where selected ...
Marivaux et La double inconstance
(Centre national des arts (Canada), 2001)
Religion and Economic Growth: Was Weber Right?
(Université de Montréal. Département de sciences économiques., 2001)
Evidence of falling wages in Catholic cities and rising wages in Protestant cities between 1500 and 1750, during the spread of literacy in the vernacular, is inconsistent with most theoretical models of economic growth. ...