Using nonparametric estimation techniques adapted from Guerre et al. [2000], we infer cost distributions and informational rents, from 666 snow removal contracts offered for tender by the City of Montreal. Our results are compatible with standard received theory of competitive auctions: there is...

A public decision maker needs to decide to allocate some subsidy towards the conditions for public transportation or for private transportation. If she wants to improve the collective welfare of the community based on the individual preferences between public and private transportation, she...

French Abstract: Le monde traverse une crise sans précédent qui mêle finance, économie, social et culture. Si nous ne voulons pas être rejetés de ce monde, il faut alors questionner l’utopie fondatrice de nos sociétés modernes. Cette utopie a fondé la reconnaissance de la liberté...

DRC geopolitical situation was conceived by the colonizer in terms of his own interests based on the facility of the exporting means of our wealth towards the metropolis. During the second republic, the building of some airports had as unique criterion of selection, the interests of president....

Presentation of the PLS regression

La régulation des émissions azotées dans le bassin d’un cours d’eau s'inscrit généralement dans un cadre institutionnel où les objectifs, en terme de valeurs maximales et de valeurs guides, sont donnés par la législation. Le caractère diffus d'une partie des émissions et les...

English Abstract: In balancing international financial data (Lane and Milesi-Ferretti, 2006), contrary to most matrix adjustment problems, the only constraints are that, for any given category of assets and liabilities, the sum of assets over countries must equal the sum of liabilities....

The paper addresses the issue of the impact of asymmetric information on risk aversion of litigant parties in a model à la Bebchuk. First we study the case where the plaintif is the informed party, and characterize the equilibrium with and without a pretrial negociation round. Then, we focuse...

Contrary to the Islamic laws considered as social standard governing the behavior of the Muslims, the facts relative to most of the Muslim countries show that the detention of a conventional bank account considered as illicit because it is generative of the rate of interest and savings is more...