This paper attempts to measure the causal impact of the speed of judiciaries on economic activity by using two novel instrumental variables measuring judicial procedural ambiguity and complexity. Firs, I find that temporally exogenous conflicting judicial decisions taken in India due to the Code...

We develop a model of a competitive rental housing market with an endogenous rate of tenancy default arising from income uncertainty. Potential tenants must choose to engage in a costly search for rental housing, and must commit to a rental agreement before the uncertainty is resolved. We show...

Can inertia in terminating unsuccessful loans be due to the multiplicity of lenders in loan arrangements? Can a lender reschedule, betting against his odds? We show that fear of being last in a liquidation run prevents the aggregation of the lenders' information about the value of continuation....

In this paper, I consider a collective model of labour supply and assume that consumption is purely public. Then, I show that the decision process can be described by a Lindahl equilibrium. The endowments, the preferences and the prices for the public good of each household member can be...

Consider a model of bargaining, in which two players, 1 and 2, share a pie of size y. The bargaining environment is described by a set a parameters λ that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e., whether an agreement is...

Asymptotic and bootstrap tests are studied for testing whether there is a relation of stochastic dominance between two distributions. These tests have a null hypothesis of nondominance, with the advantage that, if this null is rejected, then all that is left is dominance. This also leads us to...

On September 1st, 1997, a new early childhood care and education policy was initiated by the provincial government of Quebec, the second most populous province in Canada. Providers of childcare services licensed by the Department of the Family began offering daycare spaces at the reduced...

What is freedom? What is equality? In which way can greater equality increase freedom? Such are the main questions which this paper tries to answer. The problem of the choice between freedom and equality indeed raises the problem of the definition of these two objects. Once this definition is...

This article draws up a portrait of effective marginal tax rates (EMTR) on labour income in Quebec. It aims at allowing a better understanding of the impact of tax policy on the behavior of economic agents. Using an accounting microsimulation model that reproduces the system of taxes and...

I consider the efficiency of liability rules when courts obtain imperfect information about precautionary behavior. I ask what tort rules are consistent with socially efficient precautions, what informational requirements the evidence about the parties' behavior must satisfy, what decision rules...