This paper extends the use of Rao (1982b)'s Quadratic Entropy (RQE) to modern portfolio theory. It argues that the RQE of a portfolio is a valid, exible and unifying approach to measuring portfolio diversification. The paper demonstrates that portfolio's RQE can encompass most existing measures,...

Ce rapport est le deuxième d’une série concernant l’évaluation expérimentale d’enchère à prix aléatoires appliquée aux droits d’exploitation de la forêt québécoise et fait suite au « Rapport I : Comparaison d’enchères multiples de premier et de deuxième prix »...

The evaluation of development processes and of public policies often involves comparisons of social states that differ in income distributions, population sizes and life longevity. This may require social evaluation principles to be sensitive to the quality, the quantity and the duration of...

Methodology to estimate effective retirement age from the labor market has been developed over the last 15 years and is now commonly used for experience review and policy development. However, both transition from work to retirement (including gradual retirement) and the socio-economic...

The federal government announced in its 2012 budget its intention to delay the age of eligibility for Old Age Security and the Guaranteed Income Supplement from 65 to 67 years. By the time the policy is fully implemented (i.e., in 2030), this delay will have increased net revenues of the federal...

http://www.midi.gouv.qc.ca/publications/fr/recherches-statistiques/ETU_ImmigrProsperite_BoudarbatGrenier.pdf http://www.midi.gouv.qc.ca/publications/fr/recherches-statistiques/ETU_ImmigrProsperite_BoudarbatGrenier.pdf

http://www.midi.gouv.qc.ca/publications/fr/recherches-statistiques/ETU_Innovation_NongZHU.pdf http://www.midi.gouv.qc.ca/publications/fr/recherches-statistiques/ETU_Innovation_NongZHU.pdf

Au courant des années 1990, plusieurs pays de l'OCDE ont connu un déclin significatif de l'épargne du secteur privé telle que mesurée par le taux d'épargne, ce déclin étant concentré principalement chez les ménages . Ce phénomène a généré une littérature abondante (parmi laquelle...

We propose estimators for the parameters of a linear median regression without any assumption on the shape of the error distribution including no condition on the existence of moments allowing for heterogeneity (or heteroskedasticity) of unknown form, noncontinuous distributions, and very...

In this paper, we provide evidence on two alternative mechanisms of interaction between returns and volatilities: the leverage effect and the volatility feedback effect. We stress the importance of distinguishing between realized volatility and implied volatility, and find that implied...