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Now showing items 4141-4150 of 5694
Temporary Natural Resource Cartels
(Université de Montréal. Département de sciences économiques., 2004)
We analyze the behavior of a nonrenewable resource cartel that anticipates being forced, at some date in the future, to break-up into an oligopolistic market in which its members will then have to compete as rivals. Under ...
Monte Carlo Tests with Nuisance Parameters: A General Approach to Finite-Sample Inference and Nonstandard Asymptotics
(Université de Montréal. Département de sciences économiques., 2005)
The technique of Monte Carlo (MC) tests [Dwass (1957), Barnard (1963)] provides an attractive method of building exact tests from statistics whose finite sample distribution is intractable but can be simulated (provided ...
Exact Multivariate Tests of Asset Pricing Models with Stable Asymmetric Distributions
(Université de Montréal. Département de sciences économiques., 2005)
In this paper, we propose exact inference procedures for asset pricing models that can be formulated in the framework of a multivariate linear regression (CAPM), allowing for stable error distributions. The normality ...
Ethique et Conflits, leçons de la Muqaddima d'Ibn Khaldûn
Ethics of conflicts, lessons from Ibn Khaldûn’s Muqaddima
(Centre de recherche en éthique de l'Université de Montréal, 2003)
Ibn Khaldûn(1332-1406) fut homme d’Etat et historien des conflits et des changements politiques au Moyen-Orient et en Afrique du Nord. Il a écrit la Muqaddima, une vaste analyse du déclin de la civilisation arabe. Dans ...
Constructive Universalism: Sen and Sensitivity to Difference
(Centre de recherche en éthique de l'Université de Montréal, 2003)
Amartya Sen’s capability approach is, on the one hand, in line with universalism such as exhibited in Martha Nussbaum’s capabilities approach and Len Doyal and Ian Gough’s human need theory. On the other hand, his approach ...
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 ...