In this paper, we test a version of the conditional CAPM with respect to a local market portfolio, proxied by the Brazilian stock index during the 1976-1992 period. We also test a conditional APT model by using the difference between…

This paper offers an explanation of rationally contracts where incompeteness refers to unforeseen contingencies. Agents enter a relationship with two-sided moral hazard in which a commitment to discard parts of the joint resources may be ex ante efficient.

By reporting his satisfaction with his job or any other experience, an individual does not communicate the number of utils that he feels. Instead, he expresses his posterior preference over available alternatives conditional on acquired knowledge of the past. This…

In the last decade, the potential macroeconomic effects of intermittent large adjustments in microeconomic decision variables such as prices, investment, consumption of durables or employment – a behavior which may be justified by the presence of kinked adjustment costs –…

Un atout majeur des organisations consiste en leur capacité à créer et exploiter l’information et les connaissances, capacité déterminée entre autres par les comportements informationnels. Chargés de décisions stratégiques, tactiques et opérationnelles, les cadres intermédiaires sont au cœur du processus…

Mémoire numérisé par la Division de la gestion de documents et des archives de l'Université de Montréal

In this article, author Ejan Mackaay presents the defining characteristics of Cyberspace and offers a legal and economic analysis of the relationships between the different actors of the Internet market, in margin of Nina Elkin-Koren and Eli Salzberger works.
On…

Since 1986, the Canadian Public Administration is required to analyze the socio-economic impact of new regulatory requirements or regulatory changes. To report on its analysis, a Regulatory Impact Analysis Statement (RIAS) is produced and published in the Canada Gazette with…

Thèse numérisée par la Division de la gestion de documents et des archives de l'Université de Montréal

Ce mémoire décrit et analyse différents types de systèmes d'échange de droits d'émission utilisés dans le
cadre de politiques de gestion de la pollution atmosphérique. L'objectif premier est de répertorier des enjeux
juridiques étant liés à l'efficacité de ces systèmes.