This paper presents the results of a laboratory experiment involving some 250 subjects in the Montreal area. The experiment focused on three main questions : (1) Will the working poor invest in various assets? (2) Are these subjects willing to delay consumption for substantial returns? (3) How...

Le projet GAMME (Génération automatisée de multiples marchés électroniques) est un projet de recherche scientifique et expérimental qui vise le développement des compétences scientifiques et techniques nécessaires à la mise en place de mécanismes de marchés et d'échange et de...

Many recent empirical studies have shown that recent cohorts of immigrants to western countries face more hardship than previous cohorts. In Quebec, for instance, the welfare dependency rates of immigrants have steadily increased between 1982 and 1998 and are insensitive to fluctuations in the...

Analyse évaluative des unités conventionnées et des unités autonomes de services analyzes the contribution of financial easing and power delegations granted to units which have committed themselves by signing Accountability and Performance Agreements (APAs) and to autonomous service units...

Changes in parameters of tax and transfer programs can induce individuals to alter their behaviour in a wide variety of ways, including changes in labour supply, in the nature of employee compensation, in the choice of working in the underground economy, in savings decisions, in human capital...

Because of the time value of money (that is, a dollar today can be invested to yield more than a dollar tomorrow), a project's costs and benefits in different periods are not comparable. Therefore, a discount rate that will convert future sums into present values is used in cost-benefit...

On September 1st, 1997, a new childcare policy was initiated by the provincial government of Québec in Canada. Childcare services licensed by the Ministry of the Family (not-for-profit centre, family-based, and for-profit centre under the agreement) began offering daycare spaces at the reduced...

The game theoretic prediction for alternating offer bargaining depends crucially on how "the pie'' changes over time, and whether the proposer in an early round has ultimatum power. We experimentally study eight such games. Each game is once repeated before being followed by the next one, which...

Using a dynamic programming framework, in an intertemporal consumption-saving model with income uncertainty and durability, we have found a closed form solution for consumption. Also, the precautionary savings term arising from the riskiness of income is formally derived. With durability...