Details about Joseph Stiglitz

Homepage:	http://www.gsb.columbia.edu/faculty/jstiglitz/
Postal address:	Joseph Stiglitz obtained the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 2001. His entry is maintained by the RePEc team. The listed email address will not respond to inquiries
Workplace:	Department of Economics, School of Arts and Sciences, Columbia University, (more information at EDIRC) Finance & Economics Department, Graduate School of Business, Columbia University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC) School of International and Public Affairs (SIPA), Columbia University, (more information at EDIRC)

Access statistics for papers by Joseph Stiglitz.

Last updated 2009-10-31. Update your information in the RePEc Author Service.

Short-id: pst33

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Working Papers

2009

1. An Analysis of the Japanese Credit Network
   Quantitative Finance Papers, arXiv.org
2. The Ways Out of the Crisis and the Builbing of a More Cohesive World
   Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE)

2008

3. Dividend Taxation and Intertemporal Tax Arbitrage
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Journal of Public Economics (2009)
4. Exiting a lawless state
   Policy Research Working Paper Series, The World Bank
   See also Journal Article in Economic Journal (2008)
5. Financially Constrained Fluctuations in an Evolving Network Economy
   NBER Working Papers, National Bureau of Economic Research, Inc
6. The Future of Industrial Policies in the New Millennium: Toward a Knowledge-Centered Development Agenda
   LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy
7. The Political Economy of Capabilities Accumulation: the Past and Future of Policies for Industrial Development. A Preface
   LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

2007

8. Net Worth, Exchange Rates, and Monetary Policy: The Effects of a Devaluation in a Financially Fragile Environment
   NBER Working Papers, National Bureau of Economic Research, Inc
9. Should (and Could) We Ban Prescriptions?
   LABORatorio R. Revelli Working Papers Series, LABORatorio R. Revelli, Centre for Employment Studies
10. The Asymmetric Effect of Diffusion Processes: Risk Sharing and Contagion
    LABORatorio R. Revelli Working Papers Series, LABORatorio R. Revelli, Centre for Employment Studies
    See also Journal Article in Global Economy Journal (2008)

2006

11. Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries: 11 Years Later
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
12. Institutions and Policies Shaping Industrial Development: An Introductory Note
    LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy View citations
13. The Economic Costs of the Iraq War: An Appraisal Three Years After the Beginning of the Conflict
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper Series, Harvard University, John F. Kennedy School of Government (2006) View citations

2005

14. The Creation of the Rule of Law and the Legitimacy of Property Rights: The Political and Economic Consequences of a Corrupt Privatization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Policy Research Working Paper Series, The World Bank (2005) View citations

2004

15. Price Neutral Tax reform With an Informal Economy
    Econometric Society 2004 North American Summer Meetings, Econometric Society View citations
    Also in Public Economics, EconWPA (2004) View citations
16. The Process of European Integration and the Future of Europe
    ECE Discussion Papers Series, UNECE
17. The transition from communism: a diagrammatic exposition of obstacles to the demand for the rule of law
    Policy Research Working Paper Series, The World Bank

2002

18. After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations
    Discussion Papers, Columbia University, Department of Economics (2002) View citations
    See also Journal Article in American Economic Review (2004)
19. Autobiography
    Nobel Prize in Economics documents, Nobel Prize Committee
20. Integration of Unemployment Insurance with Retirement Insurance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Discussion Papers, Columbia University, Department of Economics (2002) View citations
    See also Journal Article in Journal of Public Economics (2005)
21. On Selective Indirect Tax Reform in Developing Countries
    International Trade, EconWPA View citations
    See also Journal Article in Journal of Public Economics (2005)

2001

22. Information and the Change in the Paradigm in Economics
    Nobel Prize in Economics documents, Nobel Prize Committee
    See also Journal Article in American Economic Review (2002)
23. Interview with the 2001 Laureates in Economics, George A. Akerlof, A. Michael Spence and Joseph E. Stiglitz
    Nobel Prize in Economics documents, Nobel Prize Committee
24. Monetary and exchange rate policy in small open economies: the case of Iceland
    Economics, Department of Economics, Central bank of Iceland View citations

2000

25. Unemployment and Wage Rigidity When Labor Supply Is a Household Decision
    Working Papers, Cornell University, Center for Analytic Economics View citations
    Also in Working Papers, California Irvine - School of Social Sciences (2000) View citations

1999

26. Bankruptcy Protection Against Macroeconomics Shocks: The case for a 'super Chapter 11'
    CSGR Hot Topics: Research on Current Issues, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations
27. Household labor supply, unemployment, and minimum wage legislation
    Policy Research Working Paper Series, The World Bank View citations

1997

28. Discouraging Rivals: Managerial Rent-Seeking and Economic Inefficiencies
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in American Economic Review (1995)

1995

29. Information and Economic Efficiency
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Information Economics and Policy (1994)
30. Randomization in Optimal Income Tax Schedules
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Florida - College of Business Administration (1989) View citations
    See also Journal Article in Journal of Public Economics (1995)

1994

31. Asymmetric Information and the New Theory of the Firm: Financial Constraints and Risk Behavior
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1990)
32. Dumping on Free Trade: The US Import Trade Laws
    CEP Discussion Papers, Centre for Economic Performance, LSE
33. Price Equilibrium, Efficiency, and Decentralizability in Insurance Markets with Moral Hazard
    Working Papers, Laval - Laboratoire Econometrie View citations
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (1993) View citations
34. The Role of Exclusive Territories in Producers' Competition
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in RAND Journal of Economics (1995)

1993

35. Endogenous Growth and Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
36. Equilibrium Unemployment as a Worker Screening Device
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
37. Financial Market Imperfections and Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in The Quarterly Journal of Economics (1993)
38. Methodological Issues and the New Keynesian Economics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
39. Monetary policy and the theory of the risk-averse bank
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations
    See also Journal Article in Proceedings (1993)
40. Short-Term Contracts as a Monitoring Device
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1992

41. Information, Finance, and Markets: The Architecture of Allocative Mechanisms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
42. Macroeconomic Models with Equity and Credit Rationing
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Chapter (1990)
    Journal Article in Proceedings (1989)
43. Towards a Reformulation of Monetary Theory: Competitive Banking
    NBER Working Papers, National Bureau of Economic Research, Inc

1991

44. Dynamic Optimal Income Taxation with Government Commitment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Florida - College of Business Administration (1989)
    See also Journal Article in Journal of Public Economics (1991)
45. Equilibrium in Competitive Insurance Markets with Moral Hazard
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
46. Financial Market Imperfections and Productivity Growth
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Economic Behavior & Organization (1990)
47. Government, Financial Markets, and Economic Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
48. Pareto Efficient Tax Structures
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
49. Price Equilibrium, Efficiency, and Decentralizability in Insurance Markets
    NBER Working Papers, National Bureau of Economic Research, Inc
50. The Invisible Hand and Modern Welfare Economics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
51. The Welfare Economics of Moral Hazard
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Queen's University, Department of Economics (1986) View citations

1990

52. Implicit Contracts, Labor Mobility and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Queen's University, Department of Economics (1983) View citations
    See also Journal Article in American Economic Review (1988)
53. Incentives, Information, and Organizational Design
    NBER Working Papers, National Bureau of Economic Research, Inc
54. Markets and Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
55. Money, Credit, and Business Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in The Economic Record (1988)
56. Sorting Out the Differences Between Signaling and Screening Models
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
57. The Basic Analytics of Moral Hazard
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Scandinavian Journal of Economics (1988)
58. The Informational Content of Initial Public Offerings
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Finance (1989)
59. Toward a Theory of Rigidities
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in American Economic Review (1989)
60. Vertical Restraints and Producers' Competition
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Working Papers, Princeton, Woodrow Wilson School - Discussion Paper (1988) View citations
    See also Journal Article in European Economic Review (1988)

1989

61. A Simple Proof That Futures Markets are Almost Always Informationally Inefficient
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
62. Credit rationing, tenancy, productivity, and the dynamics of inequality
    Policy Research Working Paper Series, The World Bank View citations
63. Pareto Inefficiency of Market Economies: Search and Efficiency Wage Models
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in American Economic Review (1988)
64. USING TAX POLICY TO CURB SPECULATIVE SHORT-TERM TRADING
    Working Papers, Columbia - Center for Futures Markets View citations

1988

65. Banks as Social Accountants and Screening Devices for the Allocation of Credit
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
66. CREDITS RATIONING, TENANCY, PRODUCTIVITY, AND INEQUALITY
    Working Papers, Princeton, Woodrow Wilson School - Discussion Paper
67. Dysfunctional Non-Market Institutions and the Market
    NBER Working Papers, National Bureau of Economic Research, Inc
68. ECONOMIC ORGANIZATION, INFORMATION AND DEVELOPMENT
    Working Papers, Princeton, Woodrow Wilson School - Discussion Paper View citations
    See also Chapter (1988)
69. Imperfect Information, Credit Markets and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in European Economic Review (1987)
70. Keynesian, New Keynesian, and New Classical Economics
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Oxford Economic Papers (1987)
71. PRINCIPAL AND AGENT
    Working Papers, Princeton, Woodrow Wilson School - Discussion Paper View citations
72. Pareto Efficient and Optimal Taxation and the New New Welfare Economics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1987)
73. Privatization, Information and Incentives
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
74. QUALITATIVE PROPERTIES OF PROFIT-,AXIMIZING K-OUT-OF-N SYSTEMS SUBJECT TO TWO KINDS OF FAILURES
    Working Papers, Yale - Economic Growth Center
75. RATIONAL PEASANTS, EFFICIENT INSTITUTIONS, AND THE THEORY OF RURAL ORGANIZATION: METHODOLOGICAL REMARKS FOR DEVELOPMENT ECONOMICS
    Working Papers, Princeton, Woodrow Wilson School - Discussion Paper
76. Randomization with Asymmetric Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in RAND Journal of Economics (1988)
77. SHARECROPPING
    Working Papers, Princeton, Woodrow Wilson School - Discussion Paper View citations
78. SOURCES OF TECHNOLOGICAL DIVERGENCE BETWEEN DEVELOPMENT AND LESS DEVELOPMENT ECONOMIES
    Working Papers, Princeton, Woodrow Wilson School - Discussion Paper View citations
79. TWO ESSAYS ON TRAVEL SAFETY: 1- THE ECONOMICS OF TRANSPORTATION SAFETY AND DEREGULATION; 2- CONGESTION PRICING TO IMPROVE AIR TRAVEL SAFETY
    Working Papers, Princeton, Woodrow Wilson School - Discussion Paper
80. Taxation and Pricing of Agricultural and Industrial Goods
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
81. The General Theory of Tax Avoidance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
82. The Invariance of R&D to the Number of Firms in the Industry
    NBER Working Papers, National Bureau of Economic Research, Inc
83. The Wage-Productivity Hypothesis: Its Economic Consequences and Policy Implications
    NBER Working Papers, National Bureau of Economic Research, Inc

1987

84. Information and Multi-Period Optimal Income Taxation with Government Commitment
    NBER Working Papers, National Bureau of Economic Research, Inc
85. Macro-Economic Equilibrium and Credit Rationing
    NBER Working Papers, National Bureau of Economic Research, Inc
86. Money, Imperfect Information and Economic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
87. Project Appraisal and Foreign Exchange Constraints: A Simple Exposition
    NBER Working Papers, National Bureau of Economic Research, Inc
88. The Architecture of Economic Systems: Hierarchies and Polyarchies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1986)

1986

89. Economics of Information and the Theory of Economic Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
90. Equilibrium Wage Distributions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Cowles Foundation Discussion Papers, Cowles Foundation, Yale University (1974)
    See also Journal Article in Economic Journal (1985)
91. Moral Hazard and Optimal Commodity Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Queen's University, Department of Economics (1982)
    See also Journal Article in Journal of Public Economics (1986)
92. Some Aspects of the Taxation of Capital Gains
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Public Economics (1983)
93. The Pure Theory of Country Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1991)
    Journal Article in European Economic Review (1986)
94. The Social Cost of Labor, and Project Evaluation: A General Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Public Economics (1985)
95. Theories of Wage Rigidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1985

96. Informational Imperfections in the Capital Market and Macro-Economic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1984)
97. Learning-by-doing, Market Structure and Industrial and Trade Policies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Oxford Economic Papers (1988)
98. Randomization with Asymmetric Information a Simplified Exposition
    Working Papers, Queen's University, Department of Economics View citations
99. Wage Rigidity, Implicit Contracts, Unemployment and Economic Efficiency
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in Economic Journal (1987)

1984

100. On the Relevance or Irrelevance of Public Financial Policy: Indexation,Price Rigidities and Optimal Monetary Policy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
101. Pecuniary & Market Mediated Externalities: Towards a General Theory of the Welfare Economics & Economies with Imperfect Information & Incomplete Mrkts
     NBER Working Papers, National Bureau of Economic Research, Inc
102. The Economics of Price Scissors
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
103. The Theory of Local Public Goods Twenty-Five Years After Tiebout: A Perspective
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
104. Towards A Reconstruction of Keynesian Economics: Expectations and Constrained Equilibria
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article in The Quarterly Journal of Economics (1983)

1983

105. Money, Credit Constraints, and Economic Activity
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in American Economic Review (1983)
106. On the Relevance or Irrelevance of Public Financial Policy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
107. Public Goods in Open Economies with Heterogeneous Individuals
     NBER Working Papers, National Bureau of Economic Research, Inc View citations

1982

108. Equilibrium in Competitive Insurance Markets, The Welfare Economics of Moral Hazard: Basic Analytics
     Working Papers, Queen's University, Department of Economics
109. Equilibrium in Competitive Insurance Markets: The Welfare Economics of Moral Hazard
     Working Papers, Queen's University, Department of Economics View citations
110. Information and Capital Markets
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
111. Labour Turnover, Wage Structures and Moral Hazard
     Working Papers, Queen's University, Department of Economics
112. Self-Selection and Pareto Efficient Taxation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in Journal of Public Economics (1982)
113. Stochastic Capital Theory I. Comparative Statics
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
114. Strategic Considerations in Invention and Innovation: The Case of Natural Resources (Now published in Econometrica, vol. 51, no.5 (1983).)
     STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE
115. Utilitarianism and Horizontal Equity: The Case for Random Taxation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in Journal of Public Economics (1982)

1981

116. Aggregate Land Rents and Aggregate Transport Costs
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in Economic Journal (1981)
117. On the Almost Neutrality of Inflation: Notes on Taxation and the Welfare Costs of Inflation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
118. The Taxation of Exhaustible Resources
     NBER Working Papers, National Bureau of Economic Research, Inc View citations

1980

119. Industrial Structure and the Nature of Innovative Activity (Now published in Economic Journal, Vol.90 (June 1980)pp.226-293.)
     STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1977

120. A framework for analyzing monopolistically competitive price dispersion
     Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.)
121. Bargains and ripoffs: a model of monopolistically competitive price dispersion
     Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.) View citations
     See also Journal Article in Review of Economic Studies (1977)

1976

122. Some Lessons from the New Public Finance
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article in American Economic Review (1977)

1975

123. Aggregate Land Rents, Aggregate Transportation Costs and Expenditure on Public Goods
     Working Papers, Queen's University, Department of Economics
124. Monopolistic Competition and Optimum Product Diversity
     The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations
     See also Journal Article in American Economic Review (1977)

1973

125. Alternative Theories of Wage Determination and Unemployment in L.D.C.'s: II. The Efficiency Wage Model
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
126. Incentives and Risk-Sharing in Sharecropping
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
     See also Journal Article in Review of Economic Studies (1974)
127. Increase and in Risk Aversion
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics
128. The Theory of 'Screening', Education, and the Distribution of Income
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
     See also Journal Article in American Economic Review (1975)

1972

129. Alternative Theories of Wage Determination and Unemployment in L.D.C.'s: I. The Labor Turn-Over Model
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
130. Benefit-Cost Analysis and Trade Policies
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
     See also Journal Article in Journal of Political Economy (1974)
131. On the Irrelevance of Corporate Financial Policy
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
     See also Journal Article in American Economic Review (1974)
132. Some Further Results on the Measurement of Inequality
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
     See also Journal Article in Journal of Economic Theory (1973)

1971

133. On Transitions between Steady States
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University

1970

134. Differential Taxation, Public Goods, and Economic Efficiency
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
     See also Journal Article in Review of Economic Studies (1971)
135. Taxation, Risk-Taking, and the Allocation of Investment
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
136. The Badly Behaved Economy with the Well Behaved Production Function
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University

1969

137. A Note on Behavior towards Risk with Many Commodities
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
138. Increasing Risk: A Definition and Its Economic Consequences
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations

1968

139. The Effects of Income, Wealth, and Capital Gains Taxation on Risk Taking
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
     See also Journal Article in The Quarterly Journal of Economics (1969)
140. Theory of Liquidity Preference and the Term Structure of Interest Rates
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University

1967

141. A Re-Examination of the Modigliani Miller Theorem
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
     See also Journal Article in American Economic Review (1969)
142. Capital Gains, Income, and Saving
     Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations
     See also Journal Article in Review of Economic Studies (1969)
143. Distribution of Income and Wealth Among Individuals
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University
     See also Journal Article in Econometrica (1969)

Journal Articles

2009

1. America's Socialism for the Rich
   The Economists' Voice, 2009, 6, (6)
2. Business fluctuations and bankruptcy avalanches in an evolving network economy
   Journal of Economic Interaction and Coordination, 2009, 4, (2), 195-212
3. Dividend taxation and intertemporal tax arbitrage
   Journal of Public Economics, 2009, 93, (1-2), 142-159
   See also Working Paper (2008)
4. GDP Fetishism
   The Economists' Voice, 2009, 6, (8)
5. MOVING BEYOND MARKET FUNDAMENTALISM TO A MORE BALANCED ECONOMY *
   Annals of Public and Cooperative Economics, 2009, 80, (3), 345-360
6. Ownership changes and access to external financing
   Journal of Banking & Finance, 2009, 33, (10), 1804-1816
7. Spring Is Here, but Contain Your Excitement
   The Economists' Voice, 2009, 6, (5)
8. The Current Economic Crisis and Lessons for Economic Theory
   Eastern Economic Journal, 2009 Summer, 35, (3), 281-296
9. The international financial crisis: new rules and future outlook
   BANCARIA, 2009, 9, 2-4

2008

10. Edmund Phelps: American Economic Association Luncheon Speech Honoring the 2006 Nobel Laureate in Economics
    Capitalism and Society, 2008, 3, (3)
11. Exiting a Lawless State
    Economic Journal, 2008, 118, (531), 1474-1497
    See also Working Paper (2008)
12. It Doesn't Take Nostradamus
    The Economists' Voice, 2008, 5, (8)
13. Making Globalisation Work – The 2006 Geary Lecture
    The Economic and Social Review, 2008, 39, (3), 171-190
14. Stagflation Cometh
    Journals
15. The Asymmetric Effect of Diffusion Processes: Risk Sharing and Contagion
    Global Economy Journal, 2008, 8, (3) View citations
    See also Working Paper (2007)
16. Turn Left for Sustainable Growth
    The Economists' Voice, 2008, 5, (4)
17. We Aren't Done Yet: Comments on the Financial Crisis and Bailout
    The Economists' Voice, 2008, 5, (5)

2007

18. Credit chains and bankruptcy propagation in production networks
    Journal of Economic Dynamics and Control, 2007, 31, (6), 2061-2084 View citations
19. Financial Hypocrisy
    The Economists' Voice, 2007, 4, (6)

2006

20. A New Agenda for Global Warming
    The Economists' Voice, 2006, 3, (7)
21. Civil Strife and Economic and Social Policies
    Economics of Peace and Security Journal, 2006, 1, (1), 6-9
22. Economic Crisis or Global Malaise in 2006?
    The Economists' Voice, 2006, 3, (2)
23. Helping Infant Economies Grow: Foundations of Trade Policies for Developing Countries
    American Economic Review, 2006, 96, (2), 141-146 View citations
24. Panel discussion: what is the appropriate role of the federal government in the private markets for credit and insurance? what is the outlook?
    Review, 2006, (Jul), 387-396
25. Reply: Transfers vs. Economic Costs in the Iraq War
    The Economists' Voice, 2006, 3, (6)
26. The High Cost of the Iraq War
    The Economists' Voice, 2006, 3, (3)

2005

27. A Development-friendly Prioritisation of Doha Round Proposals
    The World Economy, 2005, 28, (3), 293-312 View citations
28. Bu Böyle Sonsuza Kadar Gidemez,Öyleyse Gitmeyecek
    Iktisat Isletme ve Finans, 2005, 20, (227), 51-52
29. Integration of unemployment insurance with retirement insurance
    Journal of Public Economics, 2005, 89, (11-12), 2037-2067 View citations
    See also Working Paper (2002)
30. On selective indirect tax reform in developing countries
    Journal of Public Economics, 2005, 89, (4), 599-623 View citations
    See also Working Paper (2002)
31. Securing Social Security for the Future
    The Economists' Voice, 2005, 2, (1)
32. Un cycle de négociations commerciales pour le développement ?
    Revue d’économie du développement, 2005, 19, (4), 17-54 View citations

2004

33. After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies
    American Economic Review, 2004, 94, (3), 753-763 View citations
    See also Working Paper (2002)
34. Capital-market Liberalization, Globalization, and the IMF
    Oxford Review of Economic Policy, 2004, 20, (1), 57-71 View citations
35. Common values for the development round
    World Trade Review, 2004, 3, (03), 495-506
36. Globalization and growth in emerging markets
    Journal of Policy Modeling, 2004, 26, (4), 465-484
37. Hasta Eden Hastene: Imf''İn Başarısızlığı
    Iktisat Isletme ve Finans, 2004, 19, (219), 18-25
38. The Parties' Flip-Flops on Deficit Spending: Economics or Politics?
    The Economists' Voice, 2004, 1, (1) View citations

2003

39. Globalization and growth in emerging markets and the New Economy
    Journal of Policy Modeling, 2003, 25, (5), 505-524 View citations
40. Globalization and the economic role of the state in the new millennium
    Industrial and Corporate Change, 2003, 12, (1), 3-26 View citations
41. Le processus de transition dans les économies post-communistes: vers une économie politique des droits de propriété
    Revue d’économie du développement, 2003, 17, (2), 91-109
42. Mexican investment after the Tequila crisis: basic economics, "confidence" effects or market imperfections?
    Journal of International Money and Finance, 2003, 22, (1), 131-151 View citations

2002

43. Information and the Change in the Paradigm in Economics
    American Economic Review, 2002, 92, (3), 460-501 View citations
    See also Working Paper (2001)
44. New perspectives on public finance: recent achievements and future challenges
    Journal of Public Economics, 2002, 86, (3), 341-360 View citations
45. Participation and Development: Perspectives from the Comprehensive Development Paradigm
    Review of Development Economics, 2002, 6, (2), 163-82 View citations

2001

46. Redefining the Role of the State
    World Economics, 2001, 2, (3), 45-86
47. The International Arms Industry Since the End of the Cold War
    World Economics, 2001, 2, (3), 155-166 View citations

2000

48. Capital Market Liberalization, Economic Growth, and Instability
    World Development, 2000, 28, (6), 1075-1086 View citations
49. Credit and equity rationing in markets with adverse selection
    European Economic Review, 2000, 44, (2), 281-304 View citations
50. Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough?
    American Economic Review, 2000, 90, (1), 147-165 View citations
51. New Bridges Across the Chasm: Macro- and Micro-Strategies for Russia and other Transitional Economies
    Zagreb International Review of Economics and Business, 2000, 3, (1), 41-72
52. The Contributions Of The Economics Of Information To Twentieth Century Economics
    The Quarterly Journal of Economics, 2000, 115, (4), 1441-1478 View citations
53. Two Principles for the Next Round or, How to Bring Developing Countries in from the Cold
    The World Economy, 2000, 23, (04), 437-454 View citations

1999

54. Interest Rates, Risk, and Imperfect Markets: Puzzles and Policies
    Oxford Review of Economic Policy, 1999, 15, (2), 59-76 View citations
55. Lessons From East Asia
    Journal of Policy Modeling, 1999, 21, (3), 311-330 View citations
56. Reforming the Global Economic Architecture: Lessons from Recent Crises
    Journal of Finance, 1999, 54, (4), 1508-1522 View citations
57. Responding to Economic Crises: Policy Alternatives for Equitable Recovery and Development
    Manchester School, 1999, 67, (5), 409-27 View citations
58. Taxation, Public Policy, and Dynamics of Unemployment
    International Tax and Public Finance, 1999, 6, (3), 239-262 View citations
59. The World Bank at the Millennium
    Economic Journal, 1999, 109, (459), F577-97 View citations
60. Toward a General Theory of Wage and Price Rigidities and Economic Fluctuations
    American Economic Review, 1999, 89, (2), 75-80
61. What we have learned from the recent crises: implications for banking regulation
    Proceedings, 1999, (May), 13-17 View citations

1998

62. Distinguished Lecture on Economics in Government: The Private Uses of Public Interests: Incentives and Institutions
    Journal of Economic Perspectives, 1998, 12, (2), 3-22 View citations
63. Economic Crises: Evidence and Insights from East Asia
    Brookings Papers on Economic Activity, 1998, 29, (1998-2), 1-136 View citations
64. Economic consequences of income inequality
    Proceedings, 1998, 221-263 View citations
65. Meksika Asya Ve Rusya Krizi
    Iktisat Isletme ve Finans, 1998, 13, (152), 7-13
66. Moneylenders and bankers: price-increasing subsidies in a monopolistically competitive market
    Journal of Development Economics, 1998, 55, (2), 485-518 View citations
    Also in Journal of Development Economics, 1997, 52, (2), 429-462 (1997) View citations

1997

67. Competition and Insurance Twenty Years Later
    The Geneva Risk and Insurance Review, 1997, 22, (2), 73-79
68. Georgescu-Roegen versus Solow/Stiglitz
    Ecological Economics, 1997, 22, (3), 269-270 View citations
69. Looking out for the National Interest: The Principles of the Council of Economic Advisers
    American Economic Review, 1997, 87, (2), 109-13 View citations
70. Reflections on the Natural Rate Hypothesis
    Journal of Economic Perspectives, 1997, 11, (1), 3-10 View citations

1996

71. Financial Markets, Public Policy, and the East Asian Miracle
    World Bank Research Observer, 1996, 11, (2), 249-76 View citations
72. International economic justice and national responsibility: Strategies for economic development in the post Cold War world
    Oxford Development Studies, 1996, 24, (2), 101-109
73. Some Lessons from the East Asian Miracle
    World Bank Research Observer, 1996, 11, (2), 151-77 View citations

1995

74. Discouraging Rivals: Managerial Rent-Seeking and Economic Inefficiencies
    American Economic Review, 1995, 85, (5), 1301-12 View citations
    See also Working Paper (1997)
75. Labor-Market Adjustments and the Persistence of Unemployment
    American Economic Review, 1995, 85, (2), 219-25 View citations
76. Randomization in optimal income tax schedules
    Journal of Public Economics, 1995, 56, (2), 189-223 View citations
    See also Working Paper (1995)
77. The Role of Exclusive Territories in Producers' Competition
    RAND Journal of Economics, 1995, 26, (3), 431-451 View citations
    See also Working Paper (1994)

1994

78. Information and economic efficiency
    Information Economics and Policy, 1994, 6, (1), 77-82 View citations
    See also Working Paper (1995)

1993

79. Financial Market Imperfections and Business Cycles
    The Quarterly Journal of Economics, 1993, 108, (1), 77-114 View citations
    See also Working Paper (1993)
80. International Perspectives in Undergraduate Education
    American Economic Review, 1993, 83, (2), 27-33 View citations
81. Monetary policy and the theory of the risk-averse bank
    Proceedings, 1993, (Mar) View citations
    See also Working Paper (1993)
82. Monopolistic Competition and Optimum Product Diversity: Reply
    American Economic Review, 1993, 83, (1), 302-04 View citations
    Also in American Economic Review, 1979, 69, (5), 961-63 (1979) View citations
83. New and Old Keynesians
    Journal of Economic Perspectives, 1993, 7, (1), 23-44 View citations
84. Post Walrasian and Post Marxian Economics
    Journal of Economic Perspectives, 1993, 7, (1), 109-14 View citations

1992

85. Asymmetric Information in Credit Markets and Its Implications for Macro-economics
    Oxford Economic Papers, 1992, 44, (4), 694-724 View citations
86. Capital markets and economic fluctuations in capitalist economies
    European Economic Review, 1992, 36, (2-3), 269-306 View citations

1991

87. Another Century of Economic Science
    Economic Journal, 1991, 101, (404), 134-41 View citations
88. Dynamic optimal income taxation with government commitment
    Journal of Public Economics, 1991, 44, (1), 15-35 View citations
    See also Working Paper (1991)
89. Moral Hazard and Nonmarket Institutions: Dysfunctional Crowding Out or Peer Monitoring?
    American Economic Review, 1991, 81, (1), 179-90 View citations
90. Perspectives on the role of government risk-bearing
    Proceedings, 1991, 109-130
91. Symposium on Organizations and Economics
    Journal of Economic Perspectives, 1991, 5, (2), 15-24 View citations
92. The Quality of Managers in Centralized versus Decentralized Organizations
    The Quarterly Journal of Economics, 1991, 106, (1), 289-95 View citations

1990

93. Asymmetric Information and the New Theory of the Firm: Financial Constraints and Risk Behavior
    American Economic Review, 1990, 80, (2), 160-65 View citations
    See also Working Paper (1994)
94. Financial market imperfections and productivity growth
    Journal of Economic Behavior & Organization, 1990, 13, (3), 321-345 View citations
    See also Working Paper (1991)
95. Governo, mercado financeiro e desenvolvimento econômico
    Revista Brasileira de Economia, 1990, 44, (3)
96. Imperfect Information and Rural Credit Markets--Puzzles and Policy Perspectives
    World Bank Economic Review, 1990, 4, (3), 235-50 View citations
97. Peer Monitoring and Credit Markets
    World Bank Economic Review, 1990, 4, (3), 351-66 View citations
98. Symposium on Bubbles
    Journal of Economic Perspectives, 1990, 4, (2), 13-18 View citations

1989

99. Financial Markets and Development
    Oxford Review of Economic Policy, 1989, 5, (4), 55-68 View citations
100. Macroeconomic models with equity and credit rationing
     Proceedings, 1989 View citations
     See also Chapter (1990)
     Working Paper (1992)
101. Markets, Market Failures, and Development
     American Economic Review, 1989, 79, (2), 197-203 View citations
102. Reflections on the State of Economics: 1988
     The Economic Record, 1989, 65, (188), 66-72
103. The Informational Content of Initial Public Offerings
     Journal of Finance, 1989, 44, (2), 469-77
     See also Working Paper (1990)
104. Toward a Theory of Rigidities
     American Economic Review, 1989, 79, (2), 364-69 View citations
     See also Working Paper (1990)

1988

105. Committees, Hierarchies and Polyarchies
     Economic Journal, 1988, 98, (391), 451-70 View citations
106. Examining Alternative Macroeconomic Theories
     Brookings Papers on Economic Activity, 1988, 19, (1988-1), 207-270 View citations
107. Implicit Contracts, Labor Mobility, and Unemployment
     American Economic Review, 1988, 78, (5), 1046-66 View citations
     See also Working Paper (1990)
108. Learning-by-Doing, Market Structure and Industrial and Trade Policies
     Oxford Economic Papers, 1988, 40, (2), 246-68 View citations
     See also Working Paper (1985)
109. Money, Credit, and Business Fluctuations
     The Economic Record, 1988, 64, (187), 307-22 View citations
     See also Working Paper (1990)
110. Pareto Inefficiency of Market Economies: Search and Efficiency Wage Models
     American Economic Review, 1988, 78, (2), 351-55 View citations
     See also Working Paper (1989)
111. Potential competition, actual competition, and economic welfare
     European Economic Review, 1988, 32, (2-3), 569-577 View citations
112. Randomization with Asymmetric Information
     RAND Journal of Economics, 1988, 19, (3), 344-362 View citations
     See also Working Paper (1988)
113. The Basic Analytics of Moral Hazard
     Scandinavian Journal of Economics, 1988, 90, (3), 383-413 View citations
     See also Working Paper (1990)
114. Vertical restraints and producers' competition
     European Economic Review, 1988, 32, (2-3), 561-568 View citations
     See also Working Paper (1990)
115. Why Financial Structure Matters
     Journal of Economic Perspectives, 1988, 2, (4), 121-26 View citations

1987

116. Competition and the Number of Firms in a Market: Are Duopolies More Competitive than Atomistic Markets?
     Journal of Political Economy, 1987, 95, (5), 1041-61 View citations
117. Credit Rationing: Reply [Credit Rationing in Markets with Imperfect Information] [Incentives Effects of Terminations: Applications to the Credit and Labor Markets]
     American Economic Review, 1987, 77, (1), 228-31
118. Imperfect information, credit markets and unemployment
     European Economic Review, 1987, 31, (1-2), 444-456 View citations
     See also Working Paper (1988)
119. Keynesian, New Keynesian and New Classical Economics
     Oxford Economic Papers, 1987, 39, (1), 119-33 View citations
     See also Working Paper (1988)
120. Price Scissors and the Structure of the Economy
     The Quarterly Journal of Economics, 1987, 102, (1), 109-34 View citations
121. Some Theoretical Aspects of Agricultural Policies
     World Bank Research Observer, 1987, 2, (1), 43-60 View citations
122. Technological Change, Sunk Costs, and Competition
     Brookings Papers on Economic Activity, 1987, 18, (1987-3), 883-947 View citations
123. The Causes and Consequences of the Dependence of Quality on Price
     Journal of Economic Literature, 1987, 25, (1), 1-48 View citations
124. The Invariance of Market Innovation to the Number of Firms
     RAND Journal of Economics, 1987, 18, (1), 98-108 View citations
125. Wage Rigidity, Implicit Contracts, Unemployment and Economic Efficiency
     Economic Journal, 1987, 97, (386), 416-30 View citations
     See also Working Paper (1985)

1986

126. Externalities in Economies with Imperfect Information and Incomplete Markets
     The Quarterly Journal of Economics, 1986, 101, (2), 229-64 View citations
127. Landlords, tenants and technological innovations
     Journal of Development Economics, 1986, 23, (2), 313-332 View citations
128. Moral hazard and optimal commodity taxation
     Journal of Public Economics, 1986, 29, (1), 1-24 View citations
     See also Working Paper (1986)
129. The Architecture of Economic Systems: Hierarchies and Polyarchies
     American Economic Review, 1986, 76, (4), 716-27 View citations
     See also Working Paper (1987)
130. The Economics of Price Scissors: Reply
     American Economic Review, 1986, 76, (5), 1195-99
131. The new development economics
     World Development, 1986, 14, (2), 257-265 View citations
132. The pure theory of country risk
     European Economic Review, 1986, 30, (3), 481-513 View citations
     See also Chapter (1991)
     Working Paper (1986)

1985

133. Can Unemployment Be Involuntary? Reply [Equilibrium Unemployemnt as a Worker Discipline Device]
     American Economic Review, 1985, 75, (5), 1215-17
134. Credit Markets and the Control of Capital
     Journal of Money, Credit and Banking, 1985, 17, (2), 133-52 View citations
135. Equilibrium Unemployment as a Worker Discipline Device: Reply
     American Economic Review, 1985, 75, (4), 892-93 View citations
136. Equilibrium Wage Distribution
     Economic Journal, 1985, 95, (379), 595-618 View citations
     See also Working Paper (1986)
137. Human Fallibility and Economic Organization
     American Economic Review, 1985, 75, (2), 292-97 View citations
138. Information and Economic Analysis: A Perspective
     Economic Journal, 1985, 95, (380a), 21-41 View citations
139. Labor Turnover, Wage Structures, and Moral Hazard: The Inefficiency of Competitive Markets
     Journal of Labor Economics, 1985, 3, (4), 434-62 View citations
140. The social cost of labor and project evaluation: A general approach
     Journal of Public Economics, 1985, 28, (2), 135-163 View citations
     See also Working Paper (1986)

1984

141. BUDGET POLICY AND PROCESSES: WHERE DO WE GO FROM HERE?
     Contemporary Economic Policy, 1984, 3, (1), 53-78
142. Equilibrium Unemployment as a Worker Discipline Device
     American Economic Review, 1984, 74, (3), 433-44 View citations
143. INFORMATION EXTERNALITIES IN OIL AND GAS LEASING
     Contemporary Economic Policy, 1984, 2, (5), 44-57 View citations
144. Informational Imperfections in the Capital Market and Macroeconomic Fluctuations
     American Economic Review, 1984, 74, (2), 194-99 View citations
     See also Working Paper (1985)
145. Pareto Inferior Trade
     Review of Economic Studies, 1984, 51, (1), 1-12 View citations
146. Price Rigidities and Market Structure
     American Economic Review, 1984, 74, (2), 350-55 View citations

1983

147. Alternative Approaches to Analyzing Markets with Asymmetric Information: Reply [The Theory of 'Screening,' Education, and the Distribution of Income]
     American Economic Review, 1983, 73, (1), 246-49
148. Implicit Contracts and Fixed Price Equilibria
     The Quarterly Journal of Economics, 1983, 98, (3), 1-22 View citations
149. Incentive Effects of Terminations: Applications to the Credit and Labor Markets
     American Economic Review, 1983, 73, (5), 912-27 View citations
150. Information, Competition, and Markets
     American Economic Review, 1983, 73, (2), 278-83 View citations
151. Money, Credit Constraints, and Economic Activity
     American Economic Review, 1983, 73, (2), 297-302 View citations
     See also Working Paper (1983)
152. Preemption, leapfrogging and competition in patent races
     European Economic Review, 1983, 22, (1), 3-31 View citations
153. Prices and Incentives: Towards a General Theory of Compensation and Competition
     Bell Journal of Economics, 1983, 14, (1), 21-43 View citations
154. Some aspects of the taxation of capital gains
     Journal of Public Economics, 1983, 21, (2), 257-294 View citations
     See also Working Paper (1986)
155. Strategic Considerations in Invention and Innovation: The Case of Natural Resources
     Econometrica, 1983, 51, (5), 1439-48 View citations
156. Toward a Reconstruction of Keynesian Economics: Expectations and Constrained Equilibria
     The Quarterly Journal of Economics, 1983, 98, (3), 199-228
     See also Working Paper (1984)

1982

157. A model of employment outcomes illustrating the effect of the structure of information on the level and distribution of income
     Economics Letters, 1982, 10, (3-4), 231-236 View citations
158. Invention and Innovation under Alternative Market Structures: The Case of Natural Resources
     Review of Economic Studies, 1982, 49, (4), 567-82 View citations
159. Market structure and resource depletion: A contribution to the theory of intertemporal monopolistic competition
     Journal of Economic Theory, 1982, 28, (1), 128-164 View citations
160. On the Impossibility of Informationally Efficient Markets: Reply
     American Economic Review, 1982, 72, (4), 875
161. Optimal Commodity Stock-piling Rules
     Oxford Economic Papers, 1982, 34, (3), 403-27 View citations
162. Risk Aversion, Supply Response, and the Optimality of Random Prices: A Diagrammatic Analysis
     The Quarterly Journal of Economics, 1982, 97, (1), 1-26
163. Self-selection and Pareto efficient taxation
     Journal of Public Economics, 1982, 17, (2), 213-240 View citations
     See also Working Paper (1982)
164. Sharecropping and the Interlinking of Agrarian Markets
     American Economic Review, 1982, 72, (4), 695-715 View citations
165. The Choice of Techniques and the Optimality of Market Equilibrium with Rational Expectations
     Journal of Political Economy, 1982, 90, (2), 223-46 View citations
166. The Inefficiency of the Stock Market Equilibrium
     Review of Economic Studies, 1982, 49, (2), 241-61 View citations
167. The Theory of Sales: A Simple Model of Equilibrium Price Dispersion with Identical Agents
     American Economic Review, 1982, 72, (5), 1121-30 View citations
168. Utilitarianism and horizontal equity: The case for random taxation
     Journal of Public Economics, 1982, 18, (1), 1-33 View citations
     See also Working Paper (1982)

1981

169. Aggregate Land Rents and Aggregate Transport Costs
     Economic Journal, 1981, 91, (362), 331-47 View citations
     See also Working Paper (1981)
170. Credit Rationing in Markets with Imperfect Information
     American Economic Review, 1981, 71, (3), 393-410 View citations
171. Entry, innovation, exit: Towards a dynamic theory of oligopolistic industrial structure
     European Economic Review, 1981, 15, (2), 137-158 View citations
172. Market Structure and Resource Extraction under Uncertainty
     Scandinavian Journal of Economics, 1981, 83, (2), 318-33 View citations
173. Pareto Optimality and Competition
     Journal of Finance, 1981, 36, (2), 235-51 View citations
174. Potential Competition May Reduce Welfare
     American Economic Review, 1981, 71, (2), 184-89 View citations
175. Project Appraisal and Foreign Exchange Constraints
     Economic Journal, 1981, 91, (361), 58-74 View citations
176. Resource Depletion under Technological Uncertainty
     Econometrica, 1981, 49, (1), 85-104 View citations

1980

177. Industrial Structure and the Nature of Innovative Activity
     Economic Journal, 1980, 90, (358), 266-93 View citations
178. On the Impossibility of Informationally Efficient Markets
     American Economic Review, 1980, 70, (3), 393-408 View citations
179. Stockholder Unanimity in Making Production and Financial Decisions
     The Quarterly Journal of Economics, 1980, 94, (3), 543-66 View citations
180. Uncertainty, Industrial Structure, and the Speed of R&D
     Bell Journal of Economics, 1980, 11, (1), 1-28 View citations

1979

181. Aggregate Land Rents, Expenditure on Public Goods, and Optimal City Size
     The Quarterly Journal of Economics, 1979, 93, (4), 471-500 View citations
182. Equilibrium in Product Markets with Imperfect Information
     American Economic Review, 1979, 69, (2), 339-45 View citations
183. The Theory of Commodity Price Stabilisation Rules: Welfare Impacts and Supply Responses
     Economic Journal, 1979, 89, (356), 799-817 View citations

1978

184. Efficiency in the Optimum Supply of Public Goods
     Econometrica, 1978, 46, (2), 269-84 View citations
185. Notes on Estate Taxes, Redistribution, and the Concept of Balanced Growth Path Incidence
     Journal of Political Economy, 1978, 86, (2), S137-50 View citations

1977

186. Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion
     Review of Economic Studies, 1977, 44, (3), 493-510 View citations
     See also Working Paper (1977)
187. Monopolistic Competition and Optimum Product Diversity
     American Economic Review, 1977, 67, (3), 297-308 View citations
     See also Working Paper (1975)
188. Monopoly, Non-linear Pricing and Imperfect Information: The Insurance Market
     Review of Economic Studies, 1977, 44, (3), 407-30 View citations
189. On Value Maximization and Alternative Objectives of the Firm
     Journal of Finance, 1977, 32, (2), 389-402 View citations
190. Some Lessons from the New Public Finance
     American Economic Review, 1977, 67, (1), 295-301 View citations
     See also Working Paper (1976)
191. Tariffs vs. Quotas as Revenue Raising Devices under Uncertainty
     American Economic Review, 1977, 67, (5), 975-81 View citations

1976

192. Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information
     The Quarterly Journal of Economics, 1976, 90, (4), 630-49 View citations
193. Information and Competitive Price Systems
     American Economic Review, 1976, 66, (2), 246-53 View citations
194. Monopoly and the Rate of Extraction of Exhaustible Resources
     American Economic Review, 1976, 66, (4), 655-61 View citations
195. The Efficiency Wage Hypothesis, Surplus Labour, and the Distribution of Income in L.D.C.s
     Oxford Economic Papers, 1976, 28, (2), 185-207 View citations
196. The corporation tax
     Journal of Public Economics, 1976, 5, (3-4), 303-311 View citations
197. The design of tax structure: Direct versus indirect taxation
     Journal of Public Economics, 1976, 6, (1-2), 55-75 View citations

1975

198. Incentives, Risk, and Information: Notes Towards a Theory of Hierarchy
     Bell Journal of Economics, 1975, 6, (2), 552-579 View citations
199. Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs: Reply
     Bell Journal of Economics, 1975, 6, (2), 711-714
200. The Theory of "Screening," Education, and the Distribution of Income
     American Economic Review, 1975, 65, (3), 283-300 View citations
     See also Working Paper (1973)

1974

201. Alternative Theories of Wage Determination and Unemployment in LDC'S: The Labor Turnover Model
     The Quarterly Journal of Economics, 1974, 88, (2), 194-227 View citations
202. Benefit-Cost Analysis and Trade Policies
     Journal of Political Economy, 1974, 82, (1), 1-33 View citations
     See also Working Paper (1972)
203. Incentives and Risk Sharing in Sharecropping
     Review of Economic Studies, 1974, 41, (2), 219-55 View citations
     See also Working Paper (1973)
204. Increases in risk and in risk aversion
     Journal of Economic Theory, 1974, 8, (3), 337-360 View citations
205. On the Irrelevance of Corporate Financial Policy
     American Economic Review, 1974, 64, (6), 851-66 View citations
     See also Working Paper (1972)
206. The Cambridge-Cambridge Controversy in the Theory of Capital: A View from New Haven: A Review Article
     Journal of Political Economy, 1974, 82, (4), 893-903 View citations
207. The demand for education in public and private school systems
     Journal of Public Economics, 1974, 3, (4), 349-385 View citations

1973

208. Approaches to the Economics of Discrimination
     American Economic Review, 1973, 63, (2), 287-95 View citations
209. Some further results on the measurement of inequality
     Journal of Economic Theory, 1973, 6, (2), 188-204 View citations
     See also Working Paper (1972)
210. Taxation, corporate financial policy, and the cost of capital
     Journal of Public Economics, 1973, 2, (1), 1-34 View citations

1972

211. Addendum to "increasing risk: I. A definition"
     Journal of Economic Theory, 1972, 5, (2), 306-306 View citations
212. On Optimal Taxation and Public Production
     Review of Economic Studies, 1972, 39, (1), 87-103 View citations
213. Optimality of Stock Market Allocation
     The Quarterly Journal of Economics, 1972, 86, (1), 25-60
214. Risk Aversion and Wealth Effects on Portfolios with Many Assets
     Review of Economic Studies, 1972, 39, (3), 331-54 View citations
215. Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs
     Bell Journal of Economics, 1972, 3, (2), 458-482 View citations
216. The structure of indirect taxation and economic efficiency
     Journal of Public Economics, 1972, 1, (1), 97-119 View citations

1971

217. Differential Taxation, Public Goods and Economic Efficiency
     Review of Economic Studies, 1971, 38, (114), 151-74 View citations
     See also Working Paper (1970)
218. Increasing risk II: Its economic consequences
     Journal of Economic Theory, 1971, 3, (1), 66-84 View citations

1970

219. A Consumption-Oriented Theory of the Demand for Financial Assets and the Term Structure of Interest Rates
     Review of Economic Studies, 1970, 37, (3), 321-51 View citations
220. Factor Price Equalization in a Dynamic Economy
     Journal of Political Economy, 1970, 78, (3), 456-88 View citations
221. Increasing risk: I. A definition
     Journal of Economic Theory, 1970, 2, (3), 225-243 View citations
222. Non-Substitution Theorems with Durable Capital Goods
     Review of Economic Studies, 1970, 37, (4), 543-53
223. Reply to Mrs. Robinson on the Choice of Technique
     Economic Journal, 1970, 80, (318), 420-22 View citations
224. Solow and Stiglitz on Employment and Distribution: A New Romance with an Old Model?: Reply
     The Quarterly Journal of Economics, 1970, 84, (1), 153
225. The structure of investor preferences and asset returns, and separability in portfolio allocation: A contribution to the pure theory of mutual funds
     Journal of Economic Theory, 1970, 2, (2), 122-160 View citations

1969

226. A New View of Technological Change
     Economic Journal, 1969, 79, (315), 573-78 View citations
227. A Re-Examination of the Modigliani-Miller Theorem
     American Economic Review, 1969, 59, (5), 784-93 View citations
     See also Working Paper (1967)
228. Allocation of Heterogeneous Capital Goods in a Two-Sector Economy
     International Economic Review, 1969, 10, (3), 373-90 View citations
229. Behavior Towards Risk with Many Commodities
     Econometrica, 1969, 37, (4), 660-67 View citations
230. Capital Gains, Income, and Saving
     Review of Economic Studies, 1969, 36, (105), 15-26 View citations
     See also Working Paper (1967)
231. Capital, Wages and Structural Unemployment
     Economic Journal, 1969, 79, (314), 269-81 View citations
232. Distribution of Income and Wealth among Individuals
     Econometrica, 1969, 37, (3), 382-97 View citations
     See also Working Paper (1967)
233. The Effects of Income, Wealth, and Capital Gains Taxation on Risk-Taking
     The Quarterly Journal of Economics, 1969, 83, (2), 263-83 View citations
     See also Working Paper (1968)
234. The Implications of Alternative Saving and Expectations Hypotheses for Choices of Technique and Patterns of Growth
     Journal of Political Economy, 1969, 77, (4), 586-627 View citations
235. Theory of Innovation: Discussion
     American Economic Review, 1969, 59, (2), 46-49

Undated

236. More Instruments and Broader Goals: Moving toward the PostWashington Consensus
     VOPROSY ECONOMIKI View citations
237. Whither Reform? Ten Years of the Transition
     VOPROSY ECONOMIKI View citations

Books

2008

1. Making Globalisation Work
   Research Series, Economic and Social Research Institute (ESRI)

1996

2. Whither Socialism?, vol 1
   MIT Press Books, The MIT Press View citations

Edited books

1986

1. New Developments in the Analysis of Market Structure, vol 1
   MIT Press Books, The MIT Press

Chapters

1991

1. The Pure Theory of Country Risk
   A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 391-435
   See also Working Paper (1986)
   Journal Article in European Economic Review (1986)

1990

2. Credit rationing
   Chapter 16 in Handbook of Monetary Economics, 1990, vol. 2, pp 837-888 View citations
3. Macroeconomic Models with Equity and Credit Rationing
   A chapter in Asymmetric Information, Corporate Finance, and Investment, 1990, pp 15-42 View citations
   See also Working Paper (1992)
   Journal Article in Proceedings (1989)

1989

4. Imperfect information in the product market
   Chapter 13 in Handbook of Industrial Organization, 1989, vol. 1, pp 769-847 View citations

1988

5. Economic organization, information, and development
   Chapter 05 in Handbook of Development Economics, 1988, vol. 1, pp 93-160 View citations
   See also Working Paper (1988)

1987

6. Pareto efficient and optimal taxation and the new new welfare economics
   Chapter 15 in Handbook of Public Economics, 1987, vol. 2, pp 991-1042 View citations
   See also Working Paper (1988)