Details about Karl Shell

E-mail:	karl.shell@cornell.edu
Homepage:	http://karlshell.com
Workplace:	Department of Economics, Cornell University, (more information at EDIRC)

Access statistics for papers by Karl Shell.

Last updated 2023-01-05. Update your information in the RePEc Author Service.

Short-id: psh2

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Working Papers

2010

1. A Model of Inventive Activity and Capital Accumulation
   Levine's Working Paper Archive, David K. Levine View citations (51)
2. Indivisibilities, Lotteries and Sunspot Equilibria
   Levine's Working Paper Archive, David K. Levine View citations (10)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) View citations (1)
   See also Journal Article Indivisibilities, Lotteries, and Sunspot Equilibria, Economic Theory, Springer (1993) View citations (48) (1993)
3. Inventive Activity, Industrial Organization and Economic Growth
   Levine's Working Paper Archive, David K. Levine View citations (24)
4. Toward A Theory of Inventive Activity and Capital Accumulation
   Levine's Working Paper Archive, David K. Levine View citations (15)

2009

5. Price Level Volatility: A Simple Model of Money Taxes and Sunspots
   Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (1)
   See also Journal Article Price Level Volatility: A Simple Model of Money Taxes and Sunspots, Journal of Economic Theory, Elsevier (1998) View citations (9) (1998)

2006

6. Capital Gains
   Working Papers, Cornell University, Center for Analytic Economics View citations (5)
   See also Journal Article Capital gains, International Journal of Economic Theory, The International Society for Economic Theory (2006) View citations (4) (2006)
7. General Equilibrium with NonConvexities, Sunspots and Money
   2006 Meeting Papers, Society for Economic Dynamics View citations (2)
   Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2005) View citations (3)
   Working Papers, Cornell University, Center for Analytic Economics (2005) View citations (1)

2005

8. Capital Gains: Blue Machines and Red Machines
   Working Papers, Cornell University, Center for Analytic Economics
   See also Journal Article CAPITAL GAINS: BLUE MACHINES AND RED MACHINES, The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd. (2005) (2005)

2004

9. Bank Portfolio Restrictions and Equilibrium Bank Runs
   2004 Meeting Papers, Society for Economic Dynamics View citations (3)
   Also in Levine's Bibliography, UCLA Department of Economics (2003) View citations (131)
10. Comments on Bruce Smith's Work
    Levine's Working Paper Archive, David K. Levine
    See also Journal Article Comments on Bruce Smith’s work, Economic Theory, Springer (2004) (2004)
11. Optimal taxation with restrictions on the governmemnt budget deficit
    2004 Meeting Papers, Society for Economic Dynamics

2002

12. Comparing Sunspot Equilibrium and Lottery Equilibrium Allocations: The Finite Case
    Working Papers, Cornell University, Center for Analytic Economics View citations (1)
    See also Journal Article Comparing Sunspot Equilibrium And Lottery Equilibrium Allocations: The Finite Case, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2004) View citations (10) (2004)
13. Introduction to Sunspots and Lotteries
    Working Papers, Cornell University, Center for Analytic Economics View citations (7)
    See also Journal Article Introduction to Sunspots and Lotteries, Journal of Economic Theory, Elsevier (2002) View citations (7) (2002)

2001

14. Equilibrium Bank Runs
    Working Papers, Cornell University, Center for Analytic Economics View citations (22)
    See also Journal Article Equilibrium Bank Runs, Journal of Political Economy, University of Chicago Press (2003) View citations (228) (2003)
15. The Economic Effects of Restrictions on Government Budget Deficits: Imperfect Privte Credit Markets
    Working Papers, Cornell University, Center for Analytic Economics
    See also Journal Article The economic effects of restrictions on government budget deficits: imperfect private credit markets, Economic Theory, Springer (2003) View citations (2) (2003)

1998

16. The Production Recipes Approach to Modeling Technological Innovation: An Application to Learning By Doing
    Working Papers, Santa Fe Institute View citations (8)
    See also Journal Article The production recipes approach to modeling technological innovation: An application to learning by doing, Journal of Economic Dynamics and Control, Elsevier (2000) View citations (76) (2000)
17. The economic effects of restrictions on government budget deficits
    Working Papers, Copenhagen Business School, Department of Economics View citations (1)
    See also Journal Article The Economic Effects of Restrictions on Government Budget Deficits, Journal of Economic Theory, Elsevier (2000) View citations (12) (2000)

1970

18. The Pure Theory of the National-Output Deflator
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (6)

1968

19. Applications of Pontryagin's Maximum Principle of Economics
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (7)
20. Optimal Fiscal Monetary Policy and Economic K. Growth
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1967

21. Capital Gains, Income, and Saving
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (2)
    See also Journal Article Capital Gains, Income, and Saving, The Review of Economic Studies, Review of Economic Studies Ltd (1969) View citations (15) (1969)
22. The Educational Opportunity Bank: An Economic Analysis of a Contingent repayment System Loan Program for Higher Education
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (1)

Undated

23. A Microeconomic Theory of Learning-by-Doing: An Application of Nascent Technology Approach
    Computing in Economics and Finance 1997, Society for Computational Economics View citations (2)

Journal Articles

2020

1. BANK RUNS: THE PREDEPOSIT GAME
   Macroeconomic Dynamics, 2020, 24, (2), 403-420 View citations (5)
2. Fifty years of the Journal of Economic Theory
   Journal of Economic Theory, 2020, 187, (C) View citations (1)

2019

3. On sunspots, bank runs, and Glass–Steagall
   International Journal of Economic Theory, 2019, 15, (1), 13-25 View citations (2)

2010

4. Could making banks hold only liquid assets induce bank runs?
   Journal of Monetary Economics, 2010, 57, (4), 420-427 View citations (8)

2009

5. AN INTERVIEW WITH HIROFUMI UZAWA
   Macroeconomic Dynamics, 2009, 13, (3), 390-420 View citations (3)

2008

6. General equilibrium with nonconvexities and money
   Journal of Economic Theory, 2008, 142, (1), 294-317 View citations (31)

2006

7. Capital gains
   International Journal of Economic Theory, 2006, 2, (3‐4), 331-349 View citations (4)
   See also Working Paper Capital Gains, Working Papers (2006) View citations (5) (2006)

2005

8. CAPITAL GAINS: BLUE MACHINES AND RED MACHINES
   The Singapore Economic Review (SER), 2005, 50, (spec0), 437-447
   See also Working Paper Capital Gains: Blue Machines and Red Machines, Working Papers (2005) (2005)

2004

9. Comments on Bruce Smith’s work
   Economic Theory, 2004, 24, (4), 733-739
   See also Working Paper Comments on Bruce Smith's Work, Levine's Working Paper Archive (2004) (2004)
10. Comparing Sunspot Equilibrium And Lottery Equilibrium Allocations: The Finite Case
    International Economic Review, 2004, 45, (2), 351-386 View citations (10)
    See also Working Paper Comparing Sunspot Equilibrium and Lottery Equilibrium Allocations: The Finite Case, Working Papers (2002) View citations (1) (2002)

2003

11. Equilibrium Bank Runs
    Journal of Political Economy, 2003, 111, (1), 103-123 View citations (228)
    See also Working Paper Equilibrium Bank Runs, Working Papers (2001) View citations (22) (2001)
12. The economic effects of restrictions on government budget deficits: imperfect private credit markets
    Economic Theory, 2003, 21, (2), 399-421 View citations (2)
    See also Working Paper The Economic Effects of Restrictions on Government Budget Deficits: Imperfect Privte Credit Markets, Working Papers (2001) (2001)

2002

13. Equilibrium Prices When the Sunspot Variable Is Continuous
    Journal of Economic Theory, 2002, 107, (1), 11-38 View citations (13)
14. Introduction to Sunspots and Lotteries
    Journal of Economic Theory, 2002, 107, (1), 1-10 View citations (7)
    See also Working Paper Introduction to Sunspots and Lotteries, Working Papers (2002) View citations (7) (2002)

2001

15. Growth Dynamics and Returns to Scale: Bifurcation Analysis
    Journal of Economic Theory, 2001, 96, (1-2), 70-96 View citations (7)

2000

16. The Economic Effects of Restrictions on Government Budget Deficits
    Journal of Economic Theory, 2000, 94, (1), 106-137 View citations (12)
    See also Working Paper The economic effects of restrictions on government budget deficits, Working Papers (1998) View citations (1) (1998)
17. The production recipes approach to modeling technological innovation: An application to learning by doing
    Journal of Economic Dynamics and Control, 2000, 24, (3), 389-450 View citations (76)
    See also Working Paper The Production Recipes Approach to Modeling Technological Innovation: An Application to Learning By Doing, Working Papers (1998) View citations (8) (1998)

1998

18. Price Level Volatility: A Simple Model of Money Taxes and Sunspots
    Journal of Economic Theory, 1998, 81, (2), 401-430 View citations (9)
    See also Working Paper Price Level Volatility: A Simple Model of Money Taxes and Sunspots, Staff General Research Papers Archive (2009) View citations (1) (2009)

1997

19. Robustness of sunspot equilibria
    Economic Theory, 1997, 10, (1), 79-98 View citations (16)

1996

20. When sunspots don't matter (*)
    Economic Theory, 1996, 9, (1), 169-178 View citations (5)

1995

21. Market Participation and Sunspot Equilibria
    The Review of Economic Studies, 1995, 62, (3), 491-512 View citations (19)

1993

22. Indivisibilities, Lotteries, and Sunspot Equilibria
    Economic Theory, 1993, 3, (1), 1-17 View citations (48)
    See also Working Paper Indivisibilities, Lotteries and Sunspot Equilibria, Levine's Working Paper Archive (2010) View citations (10) (2010)

1992

23. The market game: existence and structure of equilibrium
    Journal of Mathematical Economics, 1992, 21, (3), 271-299 View citations (89)

1991

24. Market Uncertainty: Correlated and Sunspot Equilibria in Imperfectly Competitive Economies
    The Review of Economic Studies, 1991, 58, (5), 1011-1029 View citations (55)

1990

25. Liquid markets and competition
    Games and Economic Behavior, 1990, 2, (4), 362-377 View citations (25)

1983

26. Do Sunspots Matter?
    Journal of Political Economy, 1983, 91, (2), 193-227 View citations (566)

1981

27. The overlapping-generations model. II. The case of pure exchange with money
    Journal of Economic Theory, 1981, 24, (1), 112-142 View citations (50)
28. The overlapping-generations model. III. The case of log-linear utility functions
    Journal of Economic Theory, 1981, 24, (1), 143-152 View citations (17)

1980

29. Existence of competitive equilibrium in a general overlapping-generations model
    Journal of Economic Theory, 1980, 23, (3), 307-322 View citations (69)
30. The overlapping-generations model, I: The case of pure exchange without money
    Journal of Economic Theory, 1980, 23, (3), 281-306 View citations (166)

1976

31. Introduction to Hamiltonian dynamics in economics
    Journal of Economic Theory, 1976, 12, (1), 1-10 View citations (12)
32. The structure and stability of competitive dynamical systems
    Journal of Economic Theory, 1976, 12, (1), 31-70 View citations (36)

1974

33. On Optimal Taxation with Costly Administration
    American Economic Review, 1974, 64, (2), 338-45 View citations (10)

1971

34. An Exercise in the Theory of Heterogeneous Capital Accumulation
    The Review of Economic Studies, 1971, 38, (1), 13-22 View citations (2)
35. Notes on the Economics of Infinity
    Journal of Political Economy, 1971, 79, (5), 1002-11 View citations (112)

1969

36. Capital Gains, Income, and Saving
    The Review of Economic Studies, 1969, 36, (1), 15-26 View citations (15)
    See also Working Paper Capital Gains, Income, and Saving, Working papers (1967) View citations (2) (1967)
37. Optimal Fiscal and Monetary Policy and Economic Growth
    Journal of Political Economy, 1969, 77, (4), 698-719 View citations (3)
38. Public debt, taxation, and capital intensiveness
    Journal of Economic Theory, 1969, 1, (3), 330-346 View citations (16)

1967

39. The Allocation of Investment in a Dynamic Economy
    The Quarterly Journal of Economics, 1967, 81, (4), 592-609 View citations (29)

Books

1998

1. Economic Analysis of Production Price Indexes
   Cambridge Books, Cambridge University Press View citations (27)

Edited books

2005

1. Economic Complexity: Chaos, Sunspots, Bubbles, and Nonlinearity
   Cambridge Books, Cambridge University Press View citations (4)

1989

2. Economic Complexity: Chaos, Sunspots, Bubbles, and Nonlinearity
   Cambridge Books, Cambridge University Press View citations (117)

1987

3. Household and Economy
   Elsevier Monographs, Elsevier View citations (46)

1986

4. Forecasting Economic Time Series
   Elsevier Monographs, Elsevier View citations (552)
5. Macroeconomics
   Elsevier Monographs, Elsevier
6. Macroeconomics: An Introduction to the Non-Walrasian Approach
   Elsevier Monographs, Elsevier View citations (47)
7. Seasonality in Regression
   Elsevier Monographs, Elsevier View citations (42)

1983

8. The Export—Import Bank
   Elsevier Monographs, Elsevier

1981

9. The Theory of Positional Games with Applications in Economics
   Elsevier Monographs, Elsevier
10. Theory of Technical Change and Economic Invariance
    Elsevier Monographs, Elsevier View citations (5)

1980

11. Portfolio Theory
    Elsevier Monographs, Elsevier
12. Studies in Macroeconomic Theory
    Elsevier Monographs, Elsevier View citations (2)

1979

13. A Theory of International Trade Under Uncertainty
    Elsevier Monographs, Elsevier View citations (1)
14. Analysis of Economic Time Series
    Elsevier Monographs, Elsevier View citations (116)
15. Studies in Macroeconomic Theory
    Elsevier Monographs, Elsevier View citations (8)

1978

16. Arrow Impossibility Theorems
    Elsevier Monographs, Elsevier View citations (26)
17. Distributional Consequences of Direct Foreign Investment
    Elsevier Monographs, Elsevier View citations (14)
18. Methodology of Economics and Other Social Sciences
    Elsevier Monographs, Elsevier View citations (40)

1977

19. Mathematics for Stability and Optimization of Economic Systems
    Elsevier Monographs, Elsevier View citations (40)
20. Welfare Effects of Trade Restrictions
    Elsevier Monographs, Elsevier View citations (7)

1976

21. The Hamiltonian Approach to Dynamic Economics
    Elsevier Monographs, Elsevier View citations (10)

1975

22. Microeconomics
    Elsevier Monographs, Elsevier View citations (5)

1972

23. The Economic Theory of Price Indices
    Elsevier Monographs, Elsevier View citations (63)

Chapters

2017

1. Winners and Losers from Price-Level Volatility: Money Taxation and Information Frictions
   Springer

Editor

1. Journal of Economic Theory
   Elsevier