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Now showing items 481-490 of 798
Externalities, Potential, Value and Consistency
(Université de Montréal. Département de sciences économiques., 2008-04)
We provide new characterization results for the value of games in partition function form. In particular, we use the potential of a game to define the value. We also provide a characterization of the class of values which ...
Multi-Profile Intergenerational Social Choice
(Université de Montréal. Département de sciences économiques., 2008-06)
Ferejohn and Page transplanted a stationarity axiom from Koopmans’ theory of impatience into Arrow’s social choice theory with an infinite horizon and showed that the Arrow axioms and stationarity lead to a dictatorship ...
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. ...
The Hessian Method (Highly Efficient State Smoothing, In a Nutshell)
(Université de Montréal. Département de sciences économiques., 2008-03)
A Generalized Index of Fractionalization
(Université de Montréal. Département de sciences économiques., 2008-01)
The goal of this paper is to contribute to the economic literature on ethnic and cultural diversity by proposing a new index that is informationally richer and more flexible than the commonly used ‘ethno-linguistic ...
Language plurality as power struggle, or: Translating politics in Canada
(2006-01)
For this paper, heterolingualism or language plurality will be considered as
the presence in a single text or in a social environment of both French and
English, Canada’s official languages. Language plurality will here ...
Durable Goods, Inter-Sectoral Linkages and Monetary Policy
(Université de Montréal. Département de sciences économiques., 2008-08)
Barsky, House and Kimball (2007) show that introducing durable goods into a sticky-price model leads to negative sectoral comovement of production following a monetary policy shock
and, under certain conditions, to aggregate ...
Rationality, External Norms and the Epistemic Value of Menus
(Université de Montréal. Département de sciences économiques., 2008-06)
Ever since Sen’s (1993; 1997) criticism on the notion of internal consistency or menu independence of choice, there exists a widespread perception that the standard revealed preference approach to the theory of rational ...
The Effect of Public Spending on Consumption: Reconciling Theory and Evidence
(Université de Montréal. Département de sciences économiques., 2008-09)
Recent empirical evidence from vector autoregressions (VARs) suggests that public spending shocks increase (crowd in) private consumption. Standard general equilibrium models predict the opposite. We show that a standard ...