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Working Papers for 2009
|
| #554 |
"Bargaining and the theory of cooperative games: John Nash and beyond,"
Thomson, William , September 2009,
PDF Version.
|
| #553 |
"Being a graduate student in economics,"
Thomson, William , August 2009,
PDF Version.
|
| #552 |
"Let them cheat!,"
Velez, Rodrigo and Thomson, William , August 2009,
PDF Version.
|
| #551 |
"Noncooperative Foundations of Stable Sets in Voting Games,"
Anesi, Vincent , May 2009,
PDF Version.
|
| #550 |
"Social Change: The Sexual Revolution,"
Greenwood, Jeremy and Guner, Nezih , May 2009,
PDF Version.
|
| #549 |
"Bertrand competition in markets with fixed costs,"
Saporiti, Alejandro and Colomaz, Germán, May 2009,
PDF Version.
Revised version of
#541
|
| #548 |
"Accounting for Global Dispersion of Current Accounts,"
Chang, Yongsung, and Kim, Sun-Bin Kim, and Lee, Jaewoo , May 2009,
PDF Version.
|
| #547 |
"Comparative Advantage and Unemployment,"
Bils, Mark, Chang, Yongsung, and Kim, Sun-Bin Kim, May 2009,
PDF Version.
|
| #545 |
"Borrowing-proofness,"
Thomson, William, January 2009,
PDF Version.
|
|
Working Papers for 2008
|
| #544 |
"Tough Love and Intergenerational Altruism,"
Bhatt, Vipul, and Ogaki, Masao , November 2008,
PDF Version.
|
| #543 |
"Heterogeneity and Cyclical Unemployment,"
Bils, Mark, Chang, Yongsung, and Kim, Sun-Bin, October 2008,
PDF Version.
|
| #542 |
"Can a Representative-Agent Model
Represent a Heterogeneous-Agent Economy?,"
An, Sungbae, Chang, Yongsung, and Kim, Sun-Bin, September 2008,
PDF Version.
|
| #541 |
"Bertrand's price competition in markets with fixed costs,"
Saporiti, Alejandro and Colomaz, Germán, September 2008,
PDF Version.
|
| #540 |
"Comparative Advantage in Cyclical Unemployment,"
Bils, Mark , Chang, Yongsung and Kim, Sun-Bin, January 2008,
PDF Version.
|
|
Working Papers for 2007 (back to top)
|
| #539 |
"Fair Allocation Rules,"
Thomson, William, December 2007,
PDF Version.
|
| #538 |
"Lorenz rankings of rules for the adjudication of conflicting claims,"
Thomson, William, December 2007,
PDF Version.
|
| #537 |
"Cost allocation and airport problems,"
Thomson, William, December 2007,
PDF Version.
|
| #536 |
"On properties of division rules lifted by bilateral consistency,"
Hokari, Toru and Thomson, William, December 2007,
PDF Version.
|
| #535 |
"Two families of rules for the adjudication of conflicting claims,"
Thomson, William, December 2007,
PDF Version.
|
| #534 |
"Living with Risk,"
Epstein, Larry G., February 2007,
PDF Version.
|
| #533 |
"An Axiomatic Model of 'Cold Feet',"
Epstein, Larry G., and Igor Kopylov, January 2007,
PDF Version.
Revised version of
#525
|
| #532 |
"Globalization and Country-Specific Service Links,"
Golub, Stephen S., Ronald W. Jones, and Henryk Kierzkowski, January 2007,
PDF Version.
|
|
Working Papers for 2006 (back to top)
|
| #531 |
"Operators for the Adjudication of Conflicting Claims,"
Thomson, William, and Chun-Hsien Yeh, June 2006,
PDF Version.
|
| #530 |
"A Characterization of a Family of Rules for the Adjudication of Conflicting
Claims,"
Thomson, William, April 2006,
PDF Version.
|
| #529 |
"The Two-Agent Claims-Truncated Proportional Rule Has No Consistent
Extension: A Constructive Proof,"
Thomson, William, April 2006,
PDF Version.
|
| #528 |
"On the Existence of Consistent Rules to Adjudicate Conflicting Claims:
A Constructive Geometric Approach,"
Thomson, William, April 2006,
PDF Version.
|
| #527 |
"Learning under Ambiguity,"
Epstein, Larry G, and Martin Schneider, April 2006,
PDF Version.
Revised version of
#497
|
| #526 |
"Children crying at birthday parties. Why?
Fairness and incentives for cake division,"
Thomson, William, April 2006,
PDF Version.
|
| #525 |
"Cognitive Dissonance and Choice,"
Epstein, Larry, and Igor Kopylov, March 2006,
PDF Version.
Original Version of #533
|
| #524 |
"Nash Equilibria in Quantum Games,"
Landsberg, Steven E., February 2006,
PDF Version.
|
|
Working Papers for 2005 (back to top)
|
| #523 |
"The Importance of Nontradable Goods' Prices in
Cyclical Real Exchange Rate Fluctuations,"
Burstein, Ariel, Martin Eichenbaum, and Sergio Rebelo, December 2005,
PDF Version.
|
| #522 |
"Real Business Cycle Models: Past, Present and Future,"
Rebelo, Sergio, December 2005,
PDF Version.
|
| #521 |
"An Axiomatic Model of non-Bayesian Updating,"
Epstein, Larry G, September 2005,
PDF Version.
Revised version of
#498
|
| #520 |
"Modern Business Cycle Analysis,"
Greenwood, Jeremy, July 2005,
PDF Version.
|
| #519 |
"Ambiguity, Information Quality and Asset Pricing,"
Epstein, Larry G., and Martin Schneider, July 2005,
PDF Version.
Revised version of
#507
|
| #518 |
"Non-Bayesian Updating: a Theoretical Framework,"
Epstein, Larry G., Jawwad Noor, and Alvaro Sandroni, July 2005,
PDF Version.
|
| #517 |
"Structural Spurious Regressions and
A Hausman-type Cointegration Test,"
Choi, Chi-Young, Ling Hu, and Masao Ogaki, May 2005,
PDF Version.
|
| #516 |
"Looking Back: Marriage, Divorce and Out-of-Wedlock Births,"
Aiyagari, S.Rao, Jeremy Greenwood, and Nezih Guner, May 2005,
PDF Version.
|
| #515 |
"Coarse Contingencies,"
Epstein, Larry G., and Massimo Marinacci, April 2005,
PDF Version.
|
| #514 |
"Modelling Exchange Rate Passthrough After Large Devaluations,"
Burstein, Ariel, Martin Eichenbaum, and Sergio Rebelo, April 2005,
PDF Version.
|
|
Working Papers for 2004 (back to top)
|
| #513 |
"Large Devaluations and the Real Exchange Rate,"
Burstein, Ariel, Martin Eichenbaum, and Sergio Rebelo, November 2004,
PDF Version.
|
| #512 |
"Convergence under Replication of Rules to Adjudicate Conflicting Claims,"
Chun, Youngsub, and William Thomson, November 2004,
PDF Version.
|
| #511 |
"A New Solution to the Problem of Adjudicating Conflicting Claims,"
Dominguez, Diego, and William Thomson, November 2004,
PDF Version.
|
| #510 |
"Divide-and-Permute,"
Thomson, William, November 2004,
PDF Version.
|
| #509 |
"Detecting Mean Reversion in Real Exchange Rates from a Multiple Regime
STAR Model,"
Bec, Frederique, Melika Ben Salem, and Marine Carrasco, September 2004,
PDF Version.
|
| #508 |
"Chi-square Tests for Parameter Stability,"
Carrasco, Marine, September 2004,
PDF Version.
|
| #507 |
"Ambiguity, Information Quality and Asset Pricing,"
Epstein, Larry G., and Martin Schneider, May 2004,
PDF Version.
Original Version of #519
|
| #506 |
"Engines of Liberation - Additional Notes,"
Greenwood, Jeremy, and Ananth Seshadri , January 2004,
PDF Version.
|
|
Working Papers for 2003 (back to top)
|
| #505 |
"Non-Bayesian Updating : A Theoretical Framework,"
Epstein, Larry G., and Alvaro Sandroni, December 2003,
PDF Version.
|
| #504 |
"A Theory of the Exchange Rates and the Term Structure of Interest Rates,"
Lim, Hyoung-Seok, and Masao Ogaki, November 2003,
PDF Version.
|
| #503 |
"Engines of Liberation,"
Greenwood, Jeremy, Ananth Seshadri, and Mehmet Yorukoglu, October 2003,
PDF Version.
|
| #502 |
"Structural Error Correction Models : Instrumental Variables Method and an
Application to an Exchange Rate Model,"
Kim, Jaebeom, Masao Ogaki, and Minseok Young, October 2003,
PDF Version.
|
| #501 |
"Government Finance in the Wake of Currency Crises,"
Burnside, Craig, Martin Eichenbaum, and Sergio Rebelo, May 2003,
PDF Version.
|
| #500 |
"Risk Taking by Entrepreneurs,"
Hopenhayn, Hugo A., and Galina Vereshchagina, April 2003.
PDF Version.
|
| #499 |
"A Parsimonious
Macroeconomic Model for Asset Pricing: Habit Formation or Cross-sectional
Heterogeneity?,"
Fatih Guvenen, March 2003.
PDF Version.
|
|
Working Papers for 2002 (back to top)
|
| #498 |
"An Axiomatic Model of non-Bayesian Updating,"
Epstein, Larry, October 2002,
PDF Version.
Original Version of #521
|
| #497 |
"Learning under Ambiguity,"
Epstein, Larry, and Martin Schneider, October 2002,
PDF Version.
Original Version of #527
|
| #496 |
"IID : Independently and Indistinguishably Distributed,"
Epstein, Larry and Martin Schneider, October 2002,
PDF Version.
|
| #495 |
"Pairwise Comparison Estimation of Censored Transformation Models,"
Khan, Shakeeb, and Elie Tamer, October 2002,
PDF Version. |
| #494 |
"Individual Accountability in Teams,"
Marx, Leslie M., and Francesco Squintani, June 2002,
PDF Version.
|
| #493 |
"Optimal Lending Contracts and Firm Dynamics,"
Albuquerque, Rui, and Hugo Hopenhayn, June 2002,
PDF Version.
|
| #492 |
"A Theory of Financing Constraints and Firm Dynamics,"
Clementi, Gian Luca, and Hugo Hopenhayn, June 2002,
PDF Version.
|
| #491 |
"Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution:
A Macroeconomic Perspective,"
Guvenen, M. Fatih, May 2002,
PDF Version.
|
| #490 |
"Does Stockholding Provide Perfect Risk Sharing?,"
Guvenen, M. Fatih, May 2002,
PDF Version.
|
| #489 |
"More on Mariage, fertility and the Distribution of Income,"
Greenwood, Jeremy, Nezih Gunner, and John A. Knowles, March 2002,
PDF Version.
|
| #488 |
"Mobility and the Return to Education: Testing a Roy Model with Multiple
Markets,"
Dahl, Gordon B., February 2002,
PDF Version.
|
| #487 |
"The US Demographic Transition,"
Greenwood, Jeremy and Ananth Seshadri, January 2002,
PDF Version.
|
| #486 |
"Why Are Rates of Inflation So Low After Large Devaluations?,"
Burstein, Ariel, Martin Eichenbaum, and Sergio Rebelo, January 2002,
PDF Version.
|
|
Working Papers for 2001 (back to top)
|
| #485 |
"Recursive Multiple-Priors,"
Epstein, Larry G., and Martin Schneider, August 2001,
PDF Version.
|
| #484 |
"Backward induction and Model Deterioration,"
Squintani, Francesco, July 2001,
PDF Version.
|
| #483 |
"A Theoretical and Empirical Study of Individual Perceptions of the Criminal
Justice System,"
Lochner, Lance, June 2001,
PDF Version.
|
| #482 |
"On the Fiscal Implications of Twin Crises,"
Burnside, Craig, Martin Eichenbaum, and Sergio T.Rebelo, May 2001.
PDF Version.
|
| #481 |
"Efficient Investment in Children,"
Aiyagari, S.Rao, Jeremy Greenwood, and Ananth Seshadri, May 2001,
PDF Version.
|
| #480 |
"A Few Humble Observations on Overconfidence and Equilibrium,"
Squintani, Francesco, April 2001,
PDF Version.
|
| #479 |
"Equilibrium Unemployment,"
Gomes, Joao, Jeremy Greenwood, and Sergio Rebelo, February 2001,
PDF Version.
|
| #478 |
"Two-Person Dynamic Equilibrium under Ambiguity,"
Epstein, Larry G., and Jianjun Miao, January 2001,
PDF Version.
|
| #477 |
"Optimal Contracts under Generalized Verifiability Correspondences,"
Squintani, Francesco, January 2001,
PDF Version.
|
|
Working Papers for 2000 (back to top)
|
| #476 |
"Signaling Quality by Delaying Sales,"
Squintani, Francesco, October 2000,
PDF Version.
|
| #475 |
"Accounting for Growth,"
Greenwood, Jeremy, and Boyan Jovanovic, July 2000,
PDF Version.
|
| #474 |
"Ambiguity, Risk and Asset Returns in Continuous Time,"
Chen, Zengjing, and Larry G. Epstein , July 2000,
PDF Version.
|
| #473 |
"Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-
Based-Stabilizations,"
Burstein, Ariel T., Joao C. Neves, and Sergio Rebelo, May 2000,
PDF Version.
|
| #472 |
"Higher Education Subsidies and Heterogeneity, A Dynamic Analysis,"
Caucutt, Elizabeth M., and Krishna B. Kumar, May 2000,
PDF Version.
|
| #471 |
"Macroeconomic Impacts of the Korean Financial Crisis: Comparison with
the Cross-country Patterns,"
Lee, Jong-Wha, and Changyong Rhee, May 2000,
PDF Version.
|
| #470 |
"Measuring the Degree of Currency Misalignement Using Offshore Forward
Exchange Rates: The Case of the Korean Financial Crisis,"
Park, Daekun, and Changyong Rhee, May 2000,
PDF Version.
|
| #469 |
"The Core of Large differentiable TU-Games,"
Epstein, Larry G., and Massimo Marinacci, April 2000,
PDF Version.
|
| #468 |
"On the Fundamentals of Self-Fulfilling Speculative Attacks,"
Burnside, Craig, Martin Eichenbaum, and Sergio T.Rebelo, January 2000,
PDF Version.
|
| #467 |
"Resuscitating Real Business Cycles,"
King, Robert G., and Sergio T.Rebelo, January 2000,
PDF Version.
|
| #466 |
"Women on Welfare: A Macroeconomic Analysis,"
Greenwood, Jeremy, Nezih Guner, and John A. Knowles, January 2000,
PDF Version.
|
|
Working Papers for 1999 (back to top)
|
| #465 |
"Education, Work, and Crime: Theory and Evidence,"
Lochner, Lance, October 1999,
PDF Version.
|
| #464 |
"Are Probabilities Used in Markets?,"
Epstein, Larry G., August 1999,
PDF Version.
|
| #463 |
"Bidding Rings in repeated Auctions,"
Skrzypacz, Andrzej, and Hugo Hopenhayn, July 1999,
PDF Version.
|
| #462 |
"On the State of the Union,"
Aiyagari, S. Rao, Jeremy Greenwood, and Nezih Guner, June 1999.
|
| #461 |
"Hedging and Financial Fragilities in Fixed Exchange Rate Regimes,"
Burnside, Craig, Martin Eichenbaum, and Sergio Rebelo, May 1999,
PDF Version.
|
| #460 |
"The IT Revolution and the Stock Market,"
Greenwood, Jeremy, and Boyan Jovanovic, January 1999,
PDF Version.
|
| #459 |
"The First Conferences on the Theory of Economic Growth,"
McKenzie, Lionel, January 1999,
PDF Version.
|
|
Working Papers for 1998 (back to top)
|
| #458 |
"Prospective Deficits and the Asian Currency Crisis,"
Burnside, Craig, Martin Eichenbaum, and Sergio Rebelo, November 1998.
|
| #457 |
"Measuring the Rate of Technological Progress in Structures,"
Gort, Michael, Jeremy Greenwood, and Peter Rupert, October 1998.
|
| #456 |
"Subjective Probabilities On Subjectively Unambiguous Events,"
Epstein, Larry G., and Jiankang Zhang, October 1998,
PDF Version.
|
| #455 |
"Economies With Public Goods: An Elementary Geometric Exposition,"
Thomson, William, August 1998.
|
| #454 |
"On The Dynamics of Trade Reform,"
Albuquerque, Rui, and Sergio Rebelo, July 1998.
|
| #453 |
"A Definition of Uncertainty Aversion,"
Epstein, Larry G., July 1998,
PDF Version.
|
| #452 |
"A Revelation Principle for Competing Mechanisms,"
Epstein, Larry G., and Michael Peters, July 1998,
PDF Version.
|
| #451 |
"Guidelines on Writing Referee Reports,"
Thomson, William, July 1998.
|
| #450 |
"Constrained Egalitarianism: A New Solution For Claims Problems,"
Chun, Youngsub, James Schummer, and William Thomson, July 1998.
|
| #449 |
"The Role of Investment-Specific Technological Change in the Business Cycle,"
Greenwood, Jeremy, Zvi Hercowitz, and Per Krusell, May 1998,
PDF Version.
|
| #448 |
"Consistency and Its Converse: An Introduction,"
Thomson, William, February 1998.
|
| #447 |
"Turnpikes,"
McKenzie, Lionel W., January 1998.
|
|
Working Papers for 1997 (back to top)
|
| #446 |
"On the Axiomatic Method Part II: Its Scope and Recent Applications to
Game Theory and Resource Allocation,"
Thomson, William, November 1997.
|
| #445 |
"On the Axiomatic Method Part I: A User's Guide,"
Thomson, William , November 1997.
|
| #444 |
"The Replacement Problem,"
Cooley, Thomas F., Jeremy Greenwood, and Mehmet Yorukoglu, August 1997,
PDF Version.
|
| #443 |
"On the Determinants of Economic Growth,"
Rebelo, Sergio, August 1997.
|
| #442 |
"Semiparametric Efficient Estimation in Time Series,"
Hodgson, Douglas J., August 1997.
|
| #441 |
"What Happens When Countries Peg Their Exchange Rates? (The Real Side of
Monetary Reforms,"
Rebelo, Sergio, August 1997.
|
| #440 |
"The Bricks of an Empire 1415-1999: 585 Years of Portuguese Emigration,"
das Neves, Joao Cesar, and Stanley L. Engerman, June 1997.
|
| #439 |
"Optimal Dynamic Lending Contracts with Imperfect Enforceability,"
Albuquerque, Rui, and Hugo A. Hopenhayn, April 1997,
PDF Version.
|
| #438 |
"Beyond Balanced Growth,"
Kongsamut, Piyabha, Sergio Rebelo and Danyang Xie, April 1997.
|
| #437 |
"Skilled Labor-Augmenting Technical Progress in U.S. Manufacturing,"
Kahn, James A., and Jong-soo Lim, February 1997.
|
|
Working Papers for 1996 (back to top)
|
| #436 |
"Effect of the Federal Individual Income Tax on Marriage and Divorce Decisions,"
Clarke, George R. G., and Robert P. Strauss, November 1996.
|
| #435 |
"The Third Industrial Revolution,"
Greenwood, Jeremy, October 1996.
Abstract.
|
| #434 |
"Education, Political Instability, and Growth,"
Kahn, James A., October 1996.
|
| #433 |
"Finite Horizons, Political Economy, and Growth,"
Kahn, James A., and Jong-Soo Lim, October 1996.
|
| #432 |
"Vertical Markets in International Trade,"
Jones, Ronald W., October 1996.
|
| #431 |
"Monotonic Extensions on Economic Domains,"
Thomson, William, September 1996.
|
| #430 |
"Aggregate Employment Fluctuations with Microeconomic Asymmetries,"
Campbell, Jeffrey R., and Jonas D.M. Fisher, September 1996.
|
| #429 |
"1974,"
Greenwood, Jeremy, and Mehmet Yorukoglu, September 1996.
Abstract.
|
| #428 |
"What Inventory Behavior Tells Us About Business Cycles?,"
Bills, Mark, and James A. Kahn, September 1996.
|
| #427 |
"On the Optimality of Interest Rate Smoothing,"
Rebelo, Sergio, and Danyang Xie, September 1996.
|
| #426 |
"A Strong Incompatibility Between Efficiency and Equity in Non-Convex Economies,"
Maniquet, François, August 1996.
|
| #425 |
"Technology for Sale,"
Beladi, Hamid, Ronald W. Jones, and Sugata Marjit, August 1996.
|
| #424 |
"Assessing the Effects of School Resources on Student Performance: An Update,"
Hanushek, Eric A., August 1996.
|
| #423 |
"Two Derivations of the Uniform Rule and an Application to Bankruptcy,"
Schummer, James, and William Thomson, July 1996.
|
| #422 |
"Policy Variability and Economic Growth,"
Hopenhayn, Hugo, and Maria E. Muniagurria, July 1996.
|
| #421 |
"Optimal Unemployment Insurance,"
Hopenhayn, Hugo, and Juan Pablo Nicolini, July 1996.
|
| #420 |
"Long-Run Implications of Investment Specific Technological Change,"
Greenwood, Jeremy, Zvi Hercowitz, and Per Krusell, June 1996.
Abstract
|
| #419 |
"Collinearity and Two-step Estimatino of Sample Selection Models: Problems,
Origins, and Remedies,"
Leung, Siu Fai, and Shihti Yu, June 1996.
|
| #418 |
"Consistent Allocation Rules,"
Thomson, William, June 1996.
Abstract.
|
| #417 |
"Writing Papers,"
Thomson, William, June 1996.
|
| #416 |
"Robust Semiparametric Estimation in the Presence of Heterogeneity of Unknown
Form,"
Hodgson, Douglas J., April 1996.
|
| #415 |
"Macroeconomic Effects of Employment Reallocation,"
Campbell, Jeffrey R., and Kenneth N. Kuttner, March 1996.
|
| #414 |
"Matching Human Capital and Displacement,"
Chari, V. V., and Hugo A. Hopenhayn, February 1996.
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