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The Ghost in the Machine: Inferring Machine-Based Strategies from Observed Behavior
(Université de Montréal. Département de sciences économiques., 2004)
We introduce a procedure to infer the repeated-game strategies that generate actions in experimental choice data. We apply the technique to set of experiments where human subjects play a repeated Prisoner's Dilemma. The ...
The Possibility of Ordering Infinite Utility Streams
(Université de Montréal. Département de sciences économiques., 2004)
This paper revisits Diamond’s classical impossibility result regarding the ordering of infinite utility streams. We show that if no representability condition is imposed, there do exist strongly Paretian and finitely ...
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 ...
Deprivation and Social Exclusion
(Université de Montréal. Département de sciences économiques., 2004)
Social exclusion manifests itself in the lack of an individual’s access to functionings as compared to other members of society. Thus, the concept is closely related to deprivation. We view deprivation as having two basic ...
Anonymous Single-Profile Welfarism
(Université de Montréal. Département de sciences économiques., 2004)
This note reexamines the single-profile approach to social-choice theory. If an alternative is interpreted as a social state of affairs or a history of the world, it can be argued that a multi-profile approach is inappropriate ...
Time Reversibility of Stationary Regular Finite State Markov Chains
(Université de Montréal. Département de sciences économiques., 2004)
We propose an alternate parameterization of stationary regular finite-state Markov chains, and a decomposition of the parameter into time reversible and time irreversible parts. We demonstrate some useful properties of the ...
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 ...
A Theory of Random Consumer Demand
(Université de Montréal. Département de sciences économiques., 2004)
This paper presents a new theory of random consumer demand. The primitive is a collection of probability distributions, rather than a binary preference. Various assumptions constrain these distributions, including analogues ...
Interpersonal Comparisons of Well-Being
(Université de Montréal. Département de sciences économiques., 2004)
This paper, which is to be published as a chapter in the Oxford Handbook of Political Economy, provides an introduction to social-choice theory with interpersonal comparisons of well-being. We argue that the most promising ...