Un Jeu Imaginaire, Celui de St. Petersburg, a Joue un Role Central Dans L'histoire de la Theorie du Risque. Bien Que L'esperance Mathematique de Ce Jeu Est Infinie, Il Semble "Evident au Bon Sens" (Comme L'a Dit Arrow) Que Personne Ne Payerait Tres Cher Pour le Droit D'y Participer....

The Paper Attempts to Summarize and Comment Upon the Hypotheses, General Features, Methodologies, and Estimates of Sectoral Effects of Various Forms of Bilateral (Canada-U.S.) and Multilateral Trade Liberalization As Found in More Recent General Equilibrium Analyses and Federal and Provincial...

In This Paper We Analyse the Effect of Seasonal Fluctuations Monthly Business in Survey Responses. We Study the Belgium Data Because This Questionnaires Have Some Interesting Aspects with Regard to Seasonality Which Allow Us to Look At the Impact of Seasonality on the Estimation of Log-Linear...

A desirable property of a voting procedure is that it be immune to the strategic withdrawal of a candidate for election. Dutta, Jackson, and Le Breton (Econometrica, 2001) have established a number of theorems that demonstrate that this condition is incompatible with some other desirable...

This paper studies the proposition that an inflation bias can arise in a setup where a central banker with asymmetric preferences targets the natural unemployment rate. Preferences are asymmetric in the sense that positive unemployment deviations from the natural rate are weighted more (or less)...