C.V.

CURRICULUM VITAE
NAME:
Michel Poitevin
CITIZENSHIP:
Canadian
LANGUAGES:
French, English
EDUCATION:
B.A.A. (H.E.C., 1981)
M.Sc. (H.E.C., 1983)
Ph.D. Economics (U.B.C., 1988)
Thesis title: “Three Essays on the Interaction Between
Production and Financial Decisions.”
CURRENT POSITION:
Full Professor
Département de sciences économiques
Université de Montréal
WORK ADDRESS:
Département de sciences économiques
Université de Montréal
C.P.6128, succursale Centre-ville,
Montréal, Québec,
Canada H3C 3J7
E-MAIL ADDRESS:
[email protected]
TELEPHONE:
(Off.) (514) 343.6543
(FAX) (514) 343.7221
HELD POSITIONS
2002–:
Chercheur, Centre interuniversitaire de recherche en économie quantitative
(CIREQ)
2002– :
Chair, Département de sciences économiques, Université de Montréal
2001–2002 : Visiting Scholar, GREQAM, Marseille
1999– :
Full Professor, Département de sciences économiques, Université de Montréal
May 1999 : Professeur visiteur, Université Cergy-Pontoise
1994–1995: Visiting Scholar, Kellogg Graduate School of Management, Northwestern University
1993– 1999: Associate Professor, Département de sciences économiques, Université de
Montréal
1993– :
Fellow, Centre interuniversitaire en analyse des organisations (CIRANO)
1988–2002: Chercheur, Centre de recherche et développement en sciences économiques
(CRDE), Université de Montréal
1988–1993: Assistant Professor, Département de sciences économiques, Université de
Montréal
May 1990: Maı̂tre de conférence, Université des sciences sociales, Toulouse
1987–1988: Chercheur invité, CRDE, Université de Montréal
PUBLISHED AND FORTHCOMING ARTICLES
“Collusion and the Banking Structure of a Duopoly,” Canadian Journal of Economics, 22,
1989, 263–277.
“Financial Signalling and the “Deep-Pocket” Argument,” Rand Journal of Economics, 20,
1989, 26–40.
“Information et marchés financiers: une revue de littérature,” L’Actualité économique,
Revue d’analyse économique, 65, 1989, 555–589.
“Commentaires sur: “Les contributions de l’analyse financière à la solution de problèmes en
organisation industrielle et microéconomie appliquée,” (with Marcel Boyer), L’Actualité
économique, Revue d’analyse économique, 65, 1989, 547–554.
“Strategic Financial Signalling,” International Journal of Industrial Organization, 8, 1990,
499–518.
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“Hostile Takeovers: The Canadian Evidence,” (with Michel Patry), in Corporate Globalization through Mergers and Acquisitions, University of Calgary Press, 1991, 123–151.
“Managerial Compensation and the Agency Costs of Debt Finance,” (with James Brander),
Managerial and Decisions Economics, 13, 1992, 55–64.
“Predation and Financial Resources,” in The New Palgrave Dictionary of Money and Finance, J. Eatwell, M. Milgate, and P. Newman (ed.), MacMillan Press, 1992, 163–165.
“Le rôle du collatéral dans le report des investissements en présence d’asymétries d’information,” (with Paul Beaudry and Marcel Boyer), L’Actualité économique, Revue
d’analyse économique, 69, 1993, 71–90.
“Financement et sélection adverse dans un cadre dynamique,” (with Henri Fouda), L’actualité économique, Revue d’analyse économique, 69, 1993, 91–110.
“Signalling and Renegotiation in Contractual Relationships,” (with Paul Beaudry), Econometrica, 61, 1993, 745–782.
“Contract Renegotiation in the Presence of Asymmetric Information: A Simple Framework
and its Implications for Organization Theory,” (with Paul Beaudry), Canadian Journal
of Economics, 28, 1995, 302–335.
“The Commitment Value of Contracts under Dynamic Renegotiation,” (with Paul Beaudry),
Rand Journal of Economics, 25, 1994, 501–517.
“Competitive Screening in Financial Markets when Borrowers can Recontract,” (with Paul
Beaudry), Review of Economic Studies, 62, 1995, 401–423.
“Incentives, Strategic Behaviour, and Organization: Introduction,” (with Bentley MacLeod),
Canadian Journal of Economics, 28, 1995, v–xi.
“Information asymétrique, contraintes de liquidité et investissement : une comparaison internationale, ” (with Mauricio Bascunan et René Garcia), L’actualité économique,
Revue d’analyse économique, 71, 1995, 398–420.
“Why Institutional Investors are not Better Shareholders ?,” (with Michel Patry), in Corporate Decision-Making in Canada, University of Calgary Press, 1995, 401–444.
“Régie d’entreprise : faut-il exiger plus des investisseurs institutionnels ?,” (with Michel
Patry), Finéco, 5, 1997, 67–88.
“Ex Ante Payments in Self-Enforcing Risk-Sharing Contracts,” (with Céline Gauthier and
Patrick Gonzalez), Journal of Economic Theory, 76, 1997, 106–144.
“Disclosure of Information in Regulatory Proceedings,” (with Tracy Lewis), Journal of Law,
Economics, and Organization, 13, 1997, 50–73.
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“Les sorties du marché du capital de risque au Canada et aux États-Unis : un commentaire,”
in Le financement de la croissance au Canada, University of Calgary Press, 1997, 457–
460.
“Information privée et coordination,” in Impartition : Fondements et analyse. Presses de
l’Université Laval, 1999, 51–64.
“Can the Theory of Incentives Explain Decentralization ?,” Canadian Journal of Economics,
33, 2000, 878–906.
“Effects of the Fiscal Treatment of Tax Losses on the Efficiency of Markets and the Incidence
of Mergers,” Économie publique, 11, 2002, 155-185.
“Environmental Risks : Should Banks Be Liable ?,” (with Karine Gobert), in Boyer, M.,
Hiriart, Y., Martimort, D. (editors), The Management of Industrial Risks, Ashgate
Pub. (in preparation), forthcoming, 2004, 25 pages.
“Endogenous Value and Financial Fragility,” (with Alexandra Lai, Karine Gobert and Patrick Gonzalez), in The Evolving Financial System and Public Policy, Bank of Canada,
2004.
“Non-commitment and Savings in Dynamic Risk-Sharing Contracts,” (with Karine Gobert),
forthcomin, Economic Theory, 2005, 25 pages.
UNPUBLISHED PAPERS
“Informational Asymmetries and the Financing of Entrepreneurial Firms,” Discussion Paper, Université de Montréal, 1989.
“A note on Contracts as a Barrier to Entry,” Mimeo, Université de Montréal, 1992.
“L’impartition municipale : l’argumentaire,” (with Marcel Boyer, Pierre Lasserre, Michel
Patry, Bernard Sinclair-Desgagné), CIRANO, 1996, 70 pages.
“Contract Renegotiation and Organizational Design,” (with Patrick Gonzalez), 1999, 30
pages.
“A Theory of (De)centralization,” (with Peter Klibanoff), 1998, 25 pages. (to be resubmitted to QJE)
“Organizational Design of R&D Activities,” (with Stefan Ambec), 1998, 30 pages. (to be
resubmitted to RJE)
“Incentives, Informational Economies of Scale, Dual Sourcing and Benchmarking,” (with
Rym Ben Hamadi), 1999, 30 pages.
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“Investment and Competition in a Deregulated Hydro Market ,” (with Souheil Haddad),
2000.
“An overlapping-generations version of Diamond and Dybvig’s (1983) model,” (with Karine
Gobert and Patrick Gonzalez), 2002, 27 pages.
“Progressivity of Equalization Payments in Federations,” (with Nicolas Gravel), 2002, 15
pages. (to be resubmitted to JPubE)
“Interbank Market Lending and Financial Fragility,” (with Alexandra Lai, Karine Gobert
and Patrick Gonzalez), 2003, 22 pages.
CONFERENCES
Canadian Economic Theory Conference: “Financial Signalling and Predation,” Vancouver,
1988.
Dynamiques de marché et structure industrielle: “Financial Signalling and the “DeepPocket” Argument,” Paris, 1988.
Annual Meeting of the Canadian Economic Association: “Managerial Compensation and
the Agency Costs of Debt Finance,” Québec, 1989.
European Meeting of the Econometric Society: “Moral Hazard and the Financing of Entrepreneurial Firms,” Munich, 1989.
Atelier de microéconomie de Montréal: “Signalling and Renegotiation in Competitive Contractual Markets,” Montréal, 1990.
Investment Canada’s Authors’ Conference on Corporate Globalization through Mergers and
Acquisitions: “Hostile Takeovers: The Canadian Evidence,” Toronto, 1990.
Canadian Economic Theory Conference: “Competitive Screening in Financial Markets
when Borrowers can Recontract,” Toronto, 1991.
Annual Meeting of the Canadian Economic Association: “Signalling and Renegotiation in
Competitive Contractual Markets,” Kingston, 1991.
International Conference on Game Theory: “Signalling and Renegotiation in Competitive
Contractual Markets,” Florence, 1991.
Carleton Industrial Organization Summer Conference: “The Commitment Value of Contracts under Dynamic Renegotiation,” Ottawa, 1991.
American Summer Meeting of the Econometric Society: “The Commitment Value of Contracts under Dynamic Renegotiation,” Seattle, 1992.
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Canadian Economic Theory Conference: “On the Use of Non-Contingent Payments in SelfEnforcing Risk-Sharing Contracts,” Vancouver, 1993.
Sixth Symposium on Money, Banking, Finance, and Insurance: “On the Use of Ex Ante
Payments in Self-Enforcing Risk-Sharing Contracts,” Karlsruhe, 1993.
NBER Decentralization Conference: “Contract Renegotiation as an Element Towards a
Theory of Organizational Design,” Toronto, 1994.
Canadian Economic Theory Conference: “Contract Renegotiation as an Element Towards
a Theory of Organizational Design,” Toronto, 1994.
21st Seminar of the European Group of Risk and Insurance Economists: “Using Ex Ante
Payments in Self-Enforcing Risk-Sharing Contracts,” Toulouse, 1994.
Analysis of Political Institutions: “A Theory of Decentralization Based on Limited Commitment,” Northwestern University, 1995.
Canadian Public Economics Study Group: “A Theory of Decentralization Based on Limited
Commitment,” Université Laval, 1996.
American Summer Meeting of the Econometric Society : “A Theory of Decentralization
Based on Limited Commitment,” Iowa City, 1996.
PURC-IDEI-CIRANO Annual Conference : “A Theory of (De)centralization,” Gainesville,
1997.
Congrès de la Société canadienne : “A Theory of (De)centralization,” Montréal, May 1997.
Canadian Economic Theory Conference : “A Theory of (De)centralization,” Toronto, May
1997.
European Group of Risk and Insurance Economists: “Contrats dynamiques de partage de
risque avec contraintes d’engagement et épargne,” Paris, September 1997.
North American Summer Meetings of the Econometric Society: “Non-Commitment and
Savings in Dynamic Risk-Sharing Contracts,” Montréal, 1998.
Society for Economic Dynamics: “Non-Commitment and Savings in Dynamic Risk-Sharing
Contracts,” Philadelphie, 1998.
Canadian Economics Association, Innis Lecture : “Can the Theory of Incentives Explain
Decentralization,” Vancouver, 2000.
Econometric Society, World Congress : “Incentives, Informational Economies of Scale, and
Benchmarking,” Seattle, 2000.
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Econometric Society, World Congress : “Organizational Design of R&D Activities,” Seattle,
2000.
École polytechnique — CIRANO Workshop on Compensation in Firms: An International
Comparison with Managerial Implications: “Incentives, Informational Economies of
Scale, and Benchmarking,” Paris, 2001.
Canadian Public Economics Study Group : “Progressivity of Equalization Payments in
Federations,” University of Ottawa, June 2003.
The Evolving Financial System and Public Policy: “Endogenous value and Financial
Fragility,” Bank of Canada, December 2003.
Annaul Congress of the Société canadienne de science économique : “Progressivity of Equalization Payments in Federations,” La Malbaie, May 2005.
Canadian Economics Association Meetings : “Progressivity of Equalization Payments in
Federations,” Hamilton, May 2005.
OTHER ACTIVITIES
Refereeing for:
Le conseil de recherche en sciences humaines (C.R.S.H.)
Fonds pour la formation de chercheurs et l’aide à la recherche (F.C.A.R.)
The National Science Foundation (N.S.F.)
American Economic Review
Annales d’économie et de statistiques
Canadian Journal of Economics
Canadian Public Policy
Economic Design
Economics Letters
European Economic Review
International Economic Review
International Journal of Industrial Organization
International Review of Economics and Finance
Journal of Comparative Economics
Journal of Development Economics
Journal of Economic Behaviour and Organization
Journal of Economic Theory
Journal of Economics
Journal of Economics and Management Strategy
Journal of Industrial Economics
Journal of Law, Economics, and Organization
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L’actualité économique, Revue d’analyse économique
Oxford Economic Papers
Rand Journal of Economics
Review of Economic Studies
Review of Financial Studies
Revue Finance
Southern Economic Journal
Member of the Editorial Board of the Canadian Journal of Economics (1991–1994)
Co-organizer (with Marcel Boyer and Yves Sprumont) of the Canadian Economic Theory
Meetings (1992)
Associate Editor of L’actualité économique, Revue d’analyse économique (1992–1996)
Co-organizer (with Bentley McLeod) of the special issue of the Canadian Journal of
Economics: “Incentives, Strategic Behaviour and Organization” (1995)
Member of the SSHRCC Grant Committee (1996–1997)
Member of the Executive Council of the Canadian Economics Association (1997–2000)
Organizer of the Canadian Economic Theory Meetings (1998)
Co-editor of the Canadian Journal of Economics (1998–2001)
Éditor of Impartition : Fondements et analyse. Presses de l’Université Laval, 320 pages.
Editor of the Canadian Journal of Economics (2001–2005)
Co-organizer (with Walter Bossert and Yves Sprumont) of the Canadian Economic Theory Meetings (2001)
External examiner of graduate programs, Département d’économique, Université Laval,
March 2004.
RESEARCH FUNDS
1987–1988: “Information, marchés financiers et oligopoles: caractérisation théorique et
évidence empirique,” CAFIR, $7500.
1989–1991: “Interactions entre structures interne et financière de la firme en relation avec
son environnement stratégique,” SSHRCC, $29500.
1989–1991: “Implications macroéconomiques des contrats avec asymétrie d’information
dans les marchés financiers,” with P. Beaudry and M. Boyer, SSHRCC, $50000.
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1989–1992: “Implications économiques des asymétries d’information,” with P. Beaudry
and M. Boyer, FCAR, $200500.
1991–1992: “Renégociation de la dette des PVD,” PARADI, $9500.
1991–1994: Bell Canada–FAS project on Québec 2000, multi-disciplinarian team chaired
by M. Boyer (economics) and D. Juteau (sociology), $350000.
1992 :
“Canadian Economic Theory Conference,” CRSH, $6500.
1992–1995: “Impacts des asymétries d’information dans les ententes contractuelles et les
décisions d’investissements,” FCAR Jeunes chercheurs, $50100.
1992–1995: “Implications économiques des asymétries d’information, Phase II” with P.
Beaudry, M. Boyer and R. Garcia, FCAR, $101900.
1992–1997: “Incentives, Contracts in Organizations and Markets,” with P. Beaudry, M.
Boyer, R. Garcia, B. MacLeod, M. Patry, M. Peters and J. Robert, Grande
Subvention CRSH, $511840.
1994–1999: “Entrepreneurship Research Alliance,” with a team of twenty researchers
from different Canadian Universities, Grandes initiatives de recherche, CRSH,
$2125000.
1995–1998: “Communication and Optimal Organizational Design,” CRSH, $60000.
1998–2001 : “Incentives, Strategic Behaviour, and Decentralization,” CRSH, $39150.
1998–2001 : “Globalisation de la concurrence, structure et performance organisationnelles,”
with Marcel Boyer, FCAR, $85500.
2001–2004 : “Private Information, Incentives, and Decentralization,” CRSH, $56100.
SEMINARS
“Strategic Financial Signalling,” Hautes Études Commerciales, March 1987.
“Financial Signalling and the “Deep-Pocket” Argument,” Boston University, January 1988.
“Financial Signalling and the “Deep-Pocket” Argument,” Brown University, January 1988.
“Financial Signalling and the “Deep-Pocket” Argument,” Queen’s University, January 1988.
“Financial Signalling and the “Deep-Pocket” Argument,” University of Western Ontario,
January 1988.
“Financial Signalling and the “Deep-Pocket” Argument,” University of Texas at Austin,
January 1988.
“Financial Signalling and the “Deep-Pocket” Argument,” Université de Montréal, January
1988.
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“Financial Signalling and the “Deep-Pocket” Argument,” Université du Québec à Montréal, January 1988.
“Financial Signalling and the “Deep-Pocket” Argument,” Université Laval, January 1988.
“Financial Signalling and the “Deep-Pocket” Argument,” Université d’Ottawa, January
1988.
“Financial Signalling and the “Deep-Pocket” Argument,” McGill University, January 1988.
“Managerial Compensation and the Agency Costs of Debt Finance,” Hautes Etudes Commerciales, October 1988.
“Managerial Compensation and the Agency Costs of Debt Finance,” Queen’s University,
January 1989.
“Signalling and Renegotiation in Competitive Contractual Markets,” GREMAQ, Toulouse,
May 1990.
“Signalling and Renegotiation in Competitive Contractual Markets,” Banque de France,
May 1990.
“Signalling and Renegotiation in Competitive Contractual Markets,” GREQE, Marseille,
June 1990.
“Signalling and Renegotiation in Competitive Contractual Markets,” University of Toronto, October 1990.
“Signalling and Renegotiation in Competitive Contractual Markets,” California Institute
of Technology, May 1991.
“Competitive Screening in Financial Markets when Borrowers can Recontract,” Finance
Workshop, University of British Columbia, May 1991.
“Competitive Screening in Financial Markets when Borrowers can Recontract,” University
of California at Davis, May 1991.
“Le rôle du collatéral dans le report des investissements en présence d’asymétries d’information,” Hautes Etudes Commerciales, February 1992.
“Competitive Screening in Financial Markets when Borrowers can Recontract,” Dalhousie
University, October 1992.
“The Commitment Value of Contracts under Dynamic Renegotiation,” University of British
Columbia, November 1992.
“Contract Renegotiation: A Simple Framework and Implications for Organization Theory,”
University of Toronto, October 1993.
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“On the Use of Ex Ante Payments in Self-Enforcing Risk Sharing Contracts,” Wilfrid
Laurier University, October 1993.
“Contract Renegotiation: A Simple Framework and Implications for Organization Theory,”
Northwestern University, November 1994.
“Contract Renegotiation and Organizational Design,” Northwestern University, November
1994.
“Contract Renegotiation and Organizational Design,” C.I.R.A.N.O., December 1994.
“Contract Renegotiation and Organizational Design,” University of Chicago, April 1995.
“Contract Renegotiation and Organizational Design,” Johns Hopkins University, September
1995.
“Contract Renegotiation and Organizational Design,” Université Laval, December 1995.
“On the Use of Ex Ante Payments in Self-Enforcing Risk Sharing Contracts,” McGill University, March 1996.
“Contract Renegotiation and Organizational Design,” Queen’s University, April 1996.
“A Theory of (De)centralization,” University of Toronto, September 1996.
“A Theory of (De)centralization,” Competition Bureau, April 1997.
“Contrats dynamiques de partage de risque avec contraintes d’engagement et épargne,”
THÉMA, Cergy-Pontoise, September 1997.
“Incitations, structure organisationnelle et étalonnage,” Université Laval, October 1998.
“Incentives, Organisational Structure, and Benchmarking,” Windsor University, November
1998.
“Incitations, structure organisationnelle et étalonnage,” Université du Québec à Montréal,
December 1998.
“Incitations, structure organisationnelle et étalonnage,” Université Cergy-Pontoise, May
1999.
“Incitations, structure organisationnelle et étalonnage,” Hautes études commerciales, October 1999.
“Incentives, Organisational Structure, and Benchmarking,” University of Washington, November 1999.
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“Incentives, Organisational Structure, and Benchmarking,” University of British Columbia,
November 1999.
“Incentives, Organisational Structure, and Benchmarking,” Simon Fraser University, November 1999.
“Self-Enforcing Risk-Sharing Contracts,” Bank of Canada, April, 2001.
“Contrats dynamiques de partage de risque avec contraintes d’engagement et épargne,”
GREQAM, Aix-Marseille, October 2001.
“Financial Fragility in a Dynamic Model,” Bank of Canada, January, 2002.
“Can the Theory of Incentives Explain Decentralization?,” INRA Grenoble, April 2002.
“Taxation, redistributioin et biens publics,” Université de Lille 3, Lille, June 2002.
“Taxation, redistributioin et biens publics,” Université Cergy-Pontoise, Cergy, June 2002.
“Progressivity of Equalization Payments in Federations,” Queen’s University, Kingston,
November 2002.
“Progressivity of Equalization Payments in Federations,” Northwestern University, Chicago,
December 2002.
“Progressivity of Equalization Payments in Federations,” Tulane University, New-Orleans,
December 2002.
“Progressivity of Equalization Payments in Federations,” Industry Canada, Ottawa, April
2003.
“Progressivity of Equalization Payments in Federations,” University of British Columbia,
Vancouver, November 2004.
28th June 2005
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