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Bayesian Analysis for a Theory of Random Consumer Demand: The Case of Indivisible Goods
(Université de Montréal. Département de sciences économiques., 2004)
McCausland (2004a) describes a new theory of random consumer demand. Theoretically consistent random demand can be represented by a \"regular\" \"L-utility\" function on the consumption set X.
The present paper is about ...
Aumann-Shapley Pricing : A Reconsideration of the Discrete Case
(Université de Montréal. Département de sciences économiques., 2004)
We reconsider the following cost-sharing problem: agent i = 1,...,n demands a quantity xi of good i; the corresponding total cost C(x1,...,xn) must be shared among the n agents. The Aumann-Shapley prices (p1,...,pn) are ...
Methods to Estimate Dynamic Stochastic General Equilibrium Models
(Université de Montréal. Département de sciences économiques., 2003)
This paper employs the one-sector Real Business Cycle model as a testing ground for four different procedures to estimate Dynamic Stochastic General Equilibrium (DSGE) models. The procedures are: 1 ) Maximum Likelihood, ...