514 985-4000 p4002


Strategical flexibility and real options, Public economy, Industrial economy


Researcher and CIRANO Fellow since 1994, Marcel Boyer is Professor Emeritus in the Department of Economics at the Université de Montréal.

D. in Economics from Carnegie Mellon University.

Author or co-author of more than 275 scientific articles and papers and public and private reports, his research focuses on the evaluation of investments (flexibility and real options); effective organizations and public policies (water; competitive social democracy); inequalities; cost sharing; and the economics of law (cartels, anti-competitive practices, environmental responsibility, intellectual property). He has acted as an expert economist for numerous organizations, businesses and government agencies, both in Canada and abroad, and has been called as an expert witness on several occasions, with chief examination and cross-examination, before various boards, commissions, boards and tribunals: labour-management arbitration tribunals, Régie de l'énergie, Copyright Board, Quebec Superior Court (including its civil and criminal divisions), Court of Queen's Bench of Saskatchewan, Superior Court of Ontario, Supreme Court of British Columbia.

Marcel Boyer (M.Sc. and Ph.D. in Economics, Carnegie-Mellon University; M.A. in Economics, Université de Montréal) Associate Member, Toulouse School of Economics (TSE) and Institute for Advanced Strudy in Toulouse (IAST), C.D. Howe Institute (Toronto), Academic Affiliate of the Groupe d'analyse (Boston, Montreal), Member of the Scientific Orientation Committee of the Chairs in "Sustainable Finance and Responsible Investment" of the Association française de gestion financière and Member of the Competition Policy Committee of the C.D. Howe Institute.

He was Professor of Economics at York University (1971-1973), UQAM (1973-74) and Université de Montréal (1974-2008). He held the Bell Canada Chair in Industrial Economics at Université de Montréal (2003-2008) and the Jarislowsky-SSHRC-NSERC Chair in Technology and International Competition at École Polytechnique de Montréal (1993-2000).

Marcel Boyer has received the Alexander-Henderson Award (Carnegie-Mellon University 1971), the Prix Marcel-Dagenais (Canadian Society for Economic Science 1985), the Endowment-for-the-Future Distinguished Scholar Award (University of Alberta 1988), the Distinguished Guest Professor Award (Wuhan University of Technology 1995). He was elected in 1992 to the Royal Society of Canada (Academies of Arts, Humanities and Sciences of Canada), in 1997 Fellow of the International Journal of Industrial Organization, in 2001 Fellow of the World Academy of Productivity Science. The Collège de France awarded him the Guillaume-Budé Medal following his lecture at the Collège in 2005. He received the Prix Marcel-Vincent (ACFAS 2002) and the Prix Léon-Gérin for the excellence of his career in the humanities and social sciences (Prix du Québec 2015).

In 2013, he was named Honorary Member of the Canadian Economics Association (CEA/CEA) and in 2014 Honorary Member of the Association française des économistes de l'environnement et des ressources (FAERE). On December 30, 2015, he was appointed an Officer of the Order of Canada.

He was Director of the Observatoire de la Francophonie économique, President of the Society for Economic Research on Copyright Issues (SERCI), Member of the Council of Canadian Academies' Expert Panel on Industrial R&D in Canada, Member of the Jury of the Donner Prize for the best book on public policy written by a Canadian author, Member of the SHS1 Committee of the Agence Nationale de la Recherche de France, Associate Researcher in the Department of Economics at the École Polytechnique de Paris, Vice-President and Chief Economist of the Montreal Economic Institute, President of the Canadian Economic Association, President of the Canadian Society for Economic Science, CEO of CIRANO, Member of the Board of Directors of the National Bureau of Economic Research (NBER), the National Statistics Council of Canada, the Management Committee of Bell University Laboratories, the Board of Directors of the Social Sciences and Humanities Research Council of Canada (SSHRC), the Board of Directors of the Institut de finance mathématique de Montréal (IFM2), the Executive Committee of the Canadian Law and Economics Association (CLEA), the Board of Directors of the Agence des partenariats public-privé du Québec, Chairman of the Board of the Réseau de Calcul et de Modélisation Mathématique (RCM2), Senior Advisor to the DG Industrial Economics at Industry Canada, Member of the Advisory Committee on Business Strategies and Innovation at Industry Canada, Member of the Editorial Board of the Canadian Journal of Economics and the Journal of Economic Behavior and Organization, and Chairman of the Board of the Caisse Populaire de St-Jérôme.  

His recent article "The determination of optimal fines in cart

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CIRANO Publications by Marcel Boyer

As an author

1 to 5 of 121 results

Looking at the Management of the COVID-19 Lockdown Through the Lens of Real Options Analysis

Marcel Boyer and Éric Gravel

Covid-19 and Economy

Competition, Open Social Democracy, and the COVID-19 Pandemic

Marcel Boyer

Covid-19 and Role of the State

Défis et embûches dans l’évaluation des PPP : Pour un secteur public efficace et efficient

Marcel Boyer

Contract, Education, Evaluation Of Projects, Programs and Public Policies, Infrastructures and Health

Inequalities: Income, Wealth and Consumption

Marcel Boyer

Inequality and Distribution of Income

CEO Pay in Perspective

Marcel Boyer

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