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Efficient Priority Rules
(Université de Montréal. Département de sciences économiques., 2003)
We study the assignment of indivisible objects with quotas (houses, jobs, or offices) to a set of agents (students, job applicants, or professors). Each agent receives at most one object and monetary compensations are not ...
Population Ethics and the Value of Life
(Université de Montréal. Département de sciences économiques., 2003)
Public policies often involve choices of alternatives in which the size and the composition of the population may vary. Examples are the allocation of resources to prenatal care and the design of aid packages to developing ...
Finite-Sample Diagnostics for Multivariate Regressions with Applications to Linear Asset Pricing Models
(Université de Montréal. Département de sciences économiques., 2003)
In this paper, we propose several finite-sample specification tests for multivariate linear regressions (MLR) with applications to asset pricing models. We focus on departures from the assumption of i.i.d. errors assumption, ...
Harsanyi’s Social Aggregation Theorem : A Multi-Profile Approach with Variable-Population Extensions
(Université de Montréal. Département de sciences économiques., 2003)
This paper provides new versions of Harsanyi’s social aggregation theorem that are formulated in terms of prospects rather than lotteries. Strengthening an earlier result, fixed-population ex-ante utilitarianism is ...
Bootstrapping Autoregressions with Conditional Heteroskedasticity of Unknown Form
(Université de Montréal. Département de sciences économiques., 2003)
Conditional heteroskedasticity is an important feature of many macroeconomic and financial time series. Standard residual-based bootstrap procedures for dynamic regression models treat the regression error as i.i.d. These ...
Inter-temporal Price Discrimination when Imports are Restricted by Quotas
(Université de Montréal. Département de sciences économiques., 2003)
A dominant firm holding import quota engages in inter-temporal price discrimination when facing a competitive fringe engaged in seasonal production. This causes a welfare loss that comes in addition the loss attributable ...
Les cycles économiques et la science économique
(Université de Montréal. Département de sciences économiques., 2003)
Cette communication situe la théorie des grands cycles économiques dans le contexte général des économies de marché. Il y est postulé que le cycle financier et économique international de longue période (50-60 ans) n'est ...
Lettre ouverte à propos de L'Esprit de la liturgie, ouvrage du cardinal Joseph Ratzinger
(2003)
Dans le débat œcuménique provoqué par la publication de la lettre encyclique de Jean-Paul II, Ecclesia de Eucharistia, Olivier Bauer propose une lecture critique de l’ouvrage que le cardinal Joseph Ratzinger a consacré à ...
The Backing of Government Debt and the Price Level
(Université de Montréal. Département de sciences économiques., 2003)
This paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level. The government is characterized by a long-run fiscal policy rule whereby a given ...
Standardized Latin and Medieval Economic Growth
(Université de Montréal. Département de sciences économiques., 2003)
Traditional explanations for Western Europe's demographic growth in the High Middle Ages are unable to explain the rise in per-capita income that accompanied observed population changes. Here, we examine the hypothesis ...