We analyse the effects of a price floor on price wars in the retail market for gasoline. Our theoretical model assumes a Bertrand oligopoly supergame in which firms initially collude by charging the monopolistic price. Once firms detect a deviation from this strategy, they switch to a lower...

Taxpayers may respond to changes in income tax rates in several manners. One way to classify them is to distinguish between behavioural changes (changes in labour supply, changes in the weights of the different types of labour income, changes in saving behaviour, etc.) and income reporting...

In this paper, we study specialty physician decisions using several unique data sets which include information on almost all Canadian physicians who practiced in Canada between 1989 and 1998. Unlike previous studies, we use a truly exogenous measure of potential income across general and...

This paper looks at the timing chosen by CEOs to exercise their stock options and to sell their shares of stock compared to the timing chosen by other top executives in the firm. We first present a model that predicts when CEOs should exercise their options and/or sell their shares, and when...

It is now well recognized that all types of regulation are imposing costs on our society. The studies which have tried to evaluate these costs are numerous and their methologies are diversified. This paper is proposing a critical analysis of these methodologies and of the results obtained by...

This paper contributes to the literature on the hedonic pricing method in three different ways: i) the experimental context is new and typical of many urban settings, i.e. comparison between the price of houses located on a noisy and dusty street and that of houses located on a quiet and clean...