Microeconomic Theory in Canada

 
 

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A website containing information about micro theory in Canada. This contains a working paper repository, linked to RePEc. Also links to the Canadian Economic Theory Conference.

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Recent Papers

  • Experimental Elicitation of Ambiguity Attitude using the Random Incentive System
    Baillon, Aurélien, Erasmus University Rotterdam, baillon@ese.eur.nl
    Halevy, Yoram, University of British Columbia, yoram.halevy@ubc.ca
    Li, Chen, Erasmus University Rotterdam, c.li@ese.eur.nl
    We demonstrate how the standard usage of the random incentive system in ambiguity experiments is not incentive compatible if the decision maker is ambiguity averse. We propose a slight modification of the procedure in which the randomization takes place before decisions are made and the state is realized and prove that if subjects evaluate the experimental environment in that way (first - risk, second - uncertainty), incentive compatibility may be restored.
    Creation Date: 2014-06-15   Revision Date: 2014-06-15
  • No Two Experiments are Identical
    Epstein, Larry G., Boston University, lepstein@bu.edu
    Halevy, Yoram, University of British Columbia, yoram.halevy@ubc.ca
    We study choice between bets on the colors of two balls, where one ball is drawn from each of two urns. Though you are told the same about each urn, you are told very little, so that you are not given any reason to be certain that the compositions are identical. We identify choices that reveal an aversion to ambiguity about the relation between urns, thus identifying a source of uncertainty different from the usual Knightian distinction between risk and ambiguity. Choice behavior is studied in a controlled high-stakes laboratory experiment, and the ability of new and existing models to rationalize the experimental findings is examined.
    Creation Date: 2014-02-22   Revision Date: 2014-02-22
  • Competing Mechanisms
    Peters, Michael, University of British Columbia - Economics, peters@econ.ubc.ca
    The recent literature on competing mechanisms has devoted a lot of effort at understanding a very complex and abstract issue. In particular, an agent's type in a competitive environment is hard to conceptualize because it depends on information the agent has about what is going on in the rest of the market. This paper explains why this such an important practical problem and illustrates how the literature has 'solved' it.
    Creation Date: 2014-02-19   Revision Date: 2014-02-19
  • Supplement To "Weak Identification in Fuzzy Regression Discontinuity Designs"
    Feir, Donna, University of Victoria, dfeir@uvic.ca
    Lemieux, Thomas, University of British Columbia, Thomas.Lemieux@ubc.ca
    Marmer, Vadim, University of British Columbia - Economics, vmarmer@interchange.ubc.ca
    Abstract This paper reports the results of a Monte Carlo simulation study, which accompanies Marmer, Feir, and Lemieux, "Weak Identification in Fuzzy Regression Discontinuity Designs".
    Creation Date: 2014-01-23   Revision Date: 2014-01-23
  • Supplement to “Limited Participation in International Business Cycle Models: A Formal Evaluation”
    Gao, Xiaodan, National University of Singapore, bizgx@nus.edu.sg
    Hnatkovska, Viktoria, UBC, hnatkovs@mail.ubc.ca
    Marmer, Vadim, University of British Columbia - Economics, vmarmer@interchange.ubc.ca
    This paper contains supplemental material for Gao, Hnatkovska, and Marmer (2013) "Limited Participation in International Business Cycle Models: A Formal Evaluation".
    Creation Date: 2013-12-21   Revision Date: 2013-12-21