Receipt from the Bell Telephone Co. for telephone apparatus at Ontario Street

Receipt from the Bell Telephone Co. for telephone apparatus at Ontario Street, Jan 9, 1887.

Receipt from the City of St. Catharines to Robert Stanley, occupant and Mary Shickluna, owner of Lots 44 and 45 on Ontario Street

Receipt from the City of St. Catharines to Robert Stanley, occupant and Mary Shickluna, owner of Lots 44 and 45 on Ontario Street for taxes, Aug. 8, 1887.

Clipping advertising the auction to be held at 28 College Street in Toronto, Ontario

Clipping advertising the auction to be held at 28 College Street in Toronto, Ontario, April 1939.

Indenture between the Honourable William Dickson of Dumphries, trustee and executor for the late Honourable Robert Hamilton Dickson to Samuel Street of Stamford

Indenture between the Honourable William Dickson of Dumphries, trustee and executor for the late Honourable Robert Hamilton Dickson to Samuel Street of Stamford for 50 acres in the Township of Gainsboro consisting of part of no. 27 in the 2nd Concession – instrument no. 599, Dec. 30, 1841.

Indenture of bargain and sale between Walter Hamilton Dickson and Augusta Maria Dickson of Niagara to Jane Dickson (widow of Robert Dickson), Thomas Clark Street of Stamford and Edward Clarke Campbell of Niagara

Indenture of bargain and sale between Walter Hamilton Dickson and Augusta Maria Dickson of Niagara to Jane Dickson (widow of Robert Dickson), Thomas Clark Street of Stamford and Edward Clarke Campbell of Niagara for 150 acres for the south half of Lot no. 32 in the 7th concession and the north east quarter of Lot no. 22 in the 10th Concession of Dumphries. This was recorded in the County of Halton on the 29th day of January, 1849 in Folio 326, memorial 236, Jan. 12, 1849.

Letter to Henry Nelles from Samuel Street

Letter to Henry Nelles from Samuel Street (1 ½ pages, handwritten) regarding a rental of a property to Harry Griffen, Dec. 13, 1841.

Letter to Messrs. Summer and Nelles of Grimsbyy from Thomas Street and Mr. Hamilton

Letter to Messrs. Summer and Nelles of Grimsby from Thomas Street and Mr. Hamilton in which they state that W.S. Britton has purchased the Grimsby Mills that belonged to W. James Paterson, Jan. 17, 1848.

Receipt for clothing paid to Sam Street by Lieutenant Robert Nelles

Receipt for clothing paid to Sam Street by Lieutenant Robert Nelles, 1783.

Letter addressed to Jeremiah Jackson of Wall Street, New York from his brother A. Jackson, Austin, Texas

Letter addressed to Jeremiah Jackson of Wall Street, New York from his brother A. Jackson, Austin, Texas. This letter introduces his brother A, Jackson to Mr. Collier. Mr. Collier delivered the letter on his way home to St. Catharines, April 14, 1845.

Gauging the Success of Technical Trading Strategies in the S&P 500 Index Futures Market.

Rapport de recherche

Vertical R&D Sprillovers, Cooperation, Market Structure, and Innovation.

This paper studies vertical R&D spillovers between upstream and downstream firms. The model incorporates two vertically related industries, with horizontal spillovers within each industry and vertical spillovers between the two industries. Four types of R&D cooperation are studied : no cooperation, horizontal cooperation, vertical cooperation, and simultaneous horizontal and vertical cooperation. Vertical spillovers always increase R&D and welfare, while horizontal spillovers may increase or decrease them. The comparison of cooperative settings in terms of R&D shows that no setting uniformly dominates the others. Which type of cooperation yields more R&D depends on horizontal and vertical spillovers, and market structure. The ranking of cooperative structures hinges on the signs and magnitudes of three competitive externalities (vertical, horizontal, and diagonal) which capture the effect of the R&D of a firm on the profits of other firms. One of the basic results of the strategic investment literature is that cooperation between competitors increases (decreases) R&D when horizontal spillovers are high (low); the model shows that this result does not necessarily hold when vertical spillovers and vertical cooperation are taken into account. The paper proposes a theory of innovation and market structure, showing that the relation between innovation and competition depends on horizontal spillovers, vertical spillovers, and cooperative settings. The private incentives for R&D cooperation are addressed. It is found that buyers and sellers have divergent interests regarding the choice of cooperative settings and that spillovers increase the likelihood of the emergence of cooperation in a decentralized equilibrium.

Tests of Conditional Asset Pricing Models in the Brazilian Stock Market

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 the 30-day rate (Cdb) and the overnight rate as a second factor in addition to the market portfolio in order to capture the large inflation risk present during this period. The conditional CAPM and APT models are estimated by the Generalized Method of Moments (GMM) and tested on a set of size portfolios created from a total of 25 securities exchanged on the Brazilian markets. The inclusion of this second factor proves to be crucial for the appropriate pricing of the portfolios.

Tests of Conditional Asset Pricing Models in the Brazilian Stock Market

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 the 30-day rate (Cdb) and the overnight rate as a second factor in addition to the market portfolio in order to capture the large inflation risk present during this period. the conditional CAPM and APT models are estimated by the Generalized Method of Moments (GMM) and tested on a set of size portfolios created from a total of 25 securities exchanged on the Brazilian markets. the inclusion of this second factor proves to be crucial for the appropriate pricing of the portfolios.