Working Papers
1991
91-01 "Control and Bankruptcy under Budgetary Constraints and Risky Investment," by Patrick Legros and Janet Mitchell.
91-02 "Statistical Analysis of an Optimal Stopping Model," by Bent Jesper Christensen and Nicholas M. Kiefer.
91-03 "Some Consequences of Credit Rationing in an
Endogenous Growth Model," by Valerie R. Bencivenga and Bruce D. Smith.
Published in Journal of Economic Dynamcis and Control, Vol. 17, 1993,
97-122.
91-04 "Adverse Selection in the Overlapping Generations
Model: The Case of Pure Exchange," by Costas Azariadis and Bruce D. Smith.
Published in Journal of Economic Theory, Vol. 60, 1993, 277-305.
91-05 "Obtaining Stability from Chaos," by Venkatesh
Bala and Nicholas M. Kiefer.
Published in Journal of Economic Dynamics and Control, under the title
of "On the Existence of Universally Convergent Mechanisms,"
Vol. 18, No. 2, March 1994, 299-316.
91-06 "Concave Value Functions in Problems of Stochastic Dynamic Optimization on Nonconvex Feasible Sets," by Santanu Roy.
91-07 "Deficits, Inflation, and the Banking System
in Developing Countries: The Optimal Degree of Financial Repression," by
Valerie R.
Bencivenga and Bruce D. Smith.
Published in Oxford Economic Papers, Vol. 44, 1992, 767-790.
91-08 "Intertemporal Decentralization," by Mukul
Majumdar and Tapan Mitra.
Published in Finnish Economic Papers, Vol. 4, 1991, 79-103.
91-09 "Global Flow Lines and the Computation of Equilibria: A Finite Intertemporal Approach," by John D. Herman.
91-10 "The Algebraic Geometry of Competitive Equilibrium," by Lawrence E. Blume and William R. Zame.
91-11 "Government Borrowing using Bonds with Randomly
Determined Returns: Welfare Improving Randomization in the Context of Deficit
Finance," by Bruce D. Smith and Anne P. Villamil.
91-12 "The Equilibrium Allocation of Investment Capital
in the Presence of Adverse Selection and Costly State Verification," by
John H. Boyd and
Bruce D. Smith.
Published in Economic Theory, Vol. 3, 1993, 427-451.
91-13 "Intermediation and the Equilibrium Allocation
of Investment Capital: Implications for Economic Development," by John
H. Boyd and Bruce
D. Smith.
Published in Journal of Monetary Economics, Vol. 30, 1992, 409-432.
91-14 "Currency Elasticity and Banking Panics: Theory and Evidence," by Bruce Champ, Bruce D. Smith and Stephen D. Williamson.
91-15 "Measurement Error in the Prototypal Job-Search
Model," by B.J. Christensen and Nicholas M. Kiefer.
Published in Journal of Labor Economics, 12, 1994, 618-639.
91-16 "Financial Markets, Specialization, and Learning by Doing," by Thomas F. Cooley and Bruce D. Smith.
91-17 "Menu Pricing: An Experimental Approach,"
by Nicholas M. Kiefer, Thomas J. Kelly, and Kenneth Burdett.
Published in Journal of Business and Economic Statistics, 12, 1994,
329-337.
91-18 "Savage Bayesian Models of Economics,"
by Nicholas M. Kiefer and Yaw Nyarko.
Published in Essays in Learning and Rationality in Economics and Games,
A. Kirman and M. Salmon, Eds., Basil Blackwell, 1995.
91-19 "Does Gramm-Rudman Matter?" by Michael A. Kelly.