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Local Interactions
(Université de Montréal. Département de sciences économiques., 2010-06)
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are "close" to them socially or geographically. This represents a fairly accurate picture of ...
The Quest for Hegemony Among Countries and Global Pollution
(Université de Montréal. Département de sciences économiques., 2010-01)
This paper builds on the assumption that countries behave in such a way as to improve, via their economic strength, the probability that they will attain the hegemonic position on the world stage. The quest for hegemony ...
School Choice with Control
(Université de Montréal. Département de sciences économiques., 2010-06)
Controlled choice over public schools is a common policy of school boards in the
United States. It attempts giving choice to parents while maintaining racial and ethnic
balance at schools. This paper provides a foundation ...
Revealed Preference and Choice under Uncertainty
(Université de Montréal. Département de sciences économiques., 2010-11-06)
We employ the theory of rational choice to examine whether observable choices from feasible sets of prospects can be generated by the optimization of some underlying
decision criterion under uncertainty. Rather than ...
Product Filters, Acyclicity and Suzumura Consistency
(Université de Montréal. Département de sciences économiques., 2010-11-25)
In a seminal contribution, Hansson (1976) demonstrates that the collection of
decisive coalitions associated with an Arrovian social welfare function forms an ultrafilter. He goes on to show that if transitivity is weakened ...
Estimating Nonlinear DSGE Models by the Simulated Method of Moments
(Université de Montréal. Département de sciences économiques., 2010-11)
This paper studies the application of the simulated method of moments (SMM) for the estimation of nonlinear dynamic stochastic general equilibrium (DSGE) models. Monte Carlo analysis is employed to examine the small-sample ...
Budget-Balance, Fairness and Minimal Manipulability
(Université de Montréal. Département de sciences économiques., 2010-10-20)
A common real-life problem is to fairly allocate a number of indivisible objects and a fixed amount of money among a group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other ...
Cross–Sectoral Variation in Firm–Level Idiosyncratic Risk
(Université de Montréal. Département de sciences économiques., 2010-10)
We estimate firm–level idiosyncratic risk in the U.S. manufacturing sector. Our proxy for risk is the volatility of the portion of growth in sales or TFP which is not explained by either industry– or economy–wide factors, ...
Factor Analysis of a Large DSGE Model
(Université de Montréal. Département de sciences économiques., 2010-09)
We study the workings of the factor analysis of high-dimensional data using artificial series generated from a large, multi-sector dynamic stochastic general equilibrium (DSGE) model. The objective is to use the DSGE model ...
The Myth of Demonetarization of Gold
(Université de Montréal. Département de sciences économiques., 2010-10)
The aim of this paper is to discuss the crisis of the international financial system and the necessity of reforming it by new anchor or benchmark for the international currency, a money-commodity. The need for understanding ...