Staff
585-275-3686
tmfi@troi.cc.rochester.edu
Secretary: Christine Massaro
585-273-4901
wipe@troi.cc.rochester.edu
WORKING PAPERS
This is a list of RCER Working Papers from 1996 to the present. For
a list of the papers from 1991 to 1995,
click here
. See below
for ordering information.
[2006 |2005 | 2004 |2003 | 2002 | 2001 |2000 |1999 |1998 |1997 |1996 ]
Working Papers for 2007
| #540 | "Comparative Advantage in Cyclical Unemployment," Bils, Mark , Chang, Yongsung and Kim, Sun-Bin, January 2008, PDF Version. |
| #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. |
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Working Papers for 2006 (back to top) |
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| #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. |
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Working Papers for 2005 (back to top) |
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| #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. |
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Working Papers for 2004 (back to top) |
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| #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. |
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Working Papers for 2003 (back to top) |
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| #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. |
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Working Papers for 2002 (back to top) |
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| #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. |
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Working Papers for 2001 (back to top) |
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| #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. |
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Working Papers for 2000 (back to top) |
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| #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. |
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Working Papers for 1999 (back to top) |
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| #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. |
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Working Papers for 1998 (back to top) |
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| #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. |
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Working Papers for 1997 (back to top) |
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| #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. |
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Working Papers for 1996 (back to top) |
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| #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. -- back to top-- |
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