We investigate an overlapping generations monetary economy in which agents'expectations depend upon backward looking predictors of the future price level.

We study the effects of a change in some exogenous variable (the fixed cost or a parameter in the payoff functions) on the strategies played in a Symmetric Cournot Equilibrium with Free Entry (SCEFE). We also show that any observation on prices, profits and number of firms is compatible with the...

This paper is concerned with valuing forests for an important ecological function, namely the ability of forestst ( at least those in Canada) to sequester carbon and mitigate global warming.

We obtain semiparametric efficiency bounds for estimation of a location parameter in a time series model where the innovations are stationary and ergodic conditionally symmetric marginale differences but otherwise prossess general depence and distributions of unknown from. We then describe an...

We address the problem of allocating indivisible goods and some amount of an infinitely divisible good among agents with equal rights on these resources. Our specific objective is to investigate the implications of the following requirement on allocation rules : when the preferences of some of...

In allocation problems of perfectly divisible goods, we study the equity property of 'no-domination', according to which no agent can receive strictly more of all goods than any other agent. We prove that no-domination is incompatible with Pareto efficiency, as soon as preferences are allowed to...

The Bank of Canada's new Quarterly Projection Model, QPM, Comnines the short-term dynamic properties necessary to support regular economic projections with the consistent behavioural structure necessary for policy analysis.

Статья посвящена анализу новых форм взаимодействия между экономическими субъектами. В статье автор анализирует сети как форму организации в...