Details about Shyam Sunder

E-mail:
Homepage:	http://www.som.yale.edu/faculty/sunder
Phone:	1 203 432 6160
Postal address:	P.O. Box 208200 New Haven CT 06520 USA
Workplace:	School of Management, Yale University, (more information at EDIRC)

Access statistics for papers by Shyam Sunder.

Last updated 2013-04-05. Update your information in the RePEc Author Service.

Short-id: psu39

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Working Papers

2012

1. An Estimation of Economic Models with Recursive Preferences
   Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
2. Decoupling Markets and Individuals: Rational Expectations Equilibrium Outcomes from Information Dissemination among Boundedly-Rational Traders
   Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
3. Default Penalty as a Selection Mechanism among Multiple Equilibria
   Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University

2011

4. Default Penalty as a Selection Mechanism Among Multiple
   Levine's Working Paper Archive, David K. Levine
5. Financing of Public Goods through Taxation in a General Equilibrium Economy: Theory and Experimental Evidence
   Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
6. Risky Curves: From Unobservable Utility to Observable Opportunity Sets
   Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (1)
   Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2011) View citations (3)

2010

7. An Economy with Personal Currency: Theory and Experimental Evidence
   Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (1)
   See also Journal Article in Annals of Finance (2010)
8. The Value of Fiat Money with an Outside Bank: An Experimental Game
   Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (3)
   Also in Levine's Working Paper Archive, David K. Levine (2009)
9. Three Minimal Market Institutions with Human and Algorithmic Agents: Theory and Experimental Evidence
   Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
   Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2009) View citations (1)
   See also Journal Article in Games and Economic Behavior (2010)

2009

10. An Economy with Personal Currency: Theory and Evidence
    Yale School of Management Working Papers, Yale School of Management View citations (1)
11. Default Penalty as a Disciplinary and Selection Mechanism in Presence of Multiple Equilibria
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (2)
12. Extensive Income and Value of the Firm: Who Gets What?
    Yale School of Management Working Papers, Yale School of Management
13. Granularity, Time and Control of Economic Resources
    Yale School of Management Working Papers, Yale School of Management
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business

2008

14. Convergence of Double Auctions to Pareto Optimal Allocations in the Edgeworth Box
    Yale School of Management Working Papers, Yale School of Management View citations (2)
15. Double Auction Dynamics: Structural Effects of Non-binding Price Controls
    Yale School of Management Working Papers, Yale School of Management View citations (2)
    Also in Yale School of Management Working Papers, Yale School of Management (2000) View citations (2)
    See also Journal Article in Journal of Economic Dynamics and Control (2004)
16. Markets for Attention: Will Postage for Email Help?
    Yale School of Management Working Papers, Yale School of Management
    Also in Yale School of Management Working Papers, Yale School of Management (2002) View citations (4)

2007

17. Accounting: Labor, Capital and Product Markets
    Yale School of Management Working Papers, Yale School of Management
    Also in Yale School of Management Working Papers, Yale School of Management (2003)
18. Auditor Liability Reforms in the UK and the US: A Comparative Review
    Yale School of Management Working Papers, Yale School of Management
19. Economizing Principle in Accounting Research
    Yale School of Management Working Papers, Yale School of Management
20. Eeryone-a-banker or the Ideal Credit Acceptance Game: Theory and Evidence
    Levine's Bibliography, UCLA Department of Economics View citations (3)
21. Everyone-a-Banker or the Ideal Credit Acceptance Everyone-a-Banker or the Ideal Credit Acceptance
    Working Papers, Yale University, Department of Economics
22. Price Bubbles Sans Dividend Anchors: Evidence from Laboratory Stock Markets
    Yale School of Management Working Papers, Yale School of Management View citations (5)
    Also in ISER Discussion Paper, Institute of Social and Economic Research, Osaka University (2005)
    See also Journal Article in Journal of Economic Dynamics and Control (2007)
23. Regulation, Competition and Independence in a Certification Society: Financial Reports Vs. Baseball Cards
    Yale School of Management Working Papers, Yale School of Management
24. Three Minimal Market Games: Theory and Experimental Evidence
    Levine's Bibliography, UCLA Department of Economics View citations (1)
25. Three Minimal Market Institutions: Theory and Experimental Evidence
    Working Papers, Yale University, Department of Economics View citations (3)
26. Uniform Financial Reporting Standards: Reconsidering the Top-Down Push
    Yale School of Management Working Papers, Yale School of Management View citations (1)

2005

27. Contract Theory and Strategic Management: Balancing Expectations and Actions
    Yale School of Management Working Papers, Yale School of Management
28. Information Asymmetry and the Problem of Transfers in Trade Negotiations and International Agencies
    Working Papers, Economic Growth Center, Yale University
    Also in Yale School of Management Working Papers, Yale School of Management (2005)
29. Pricing Electronic Mail to Solve the Problem of Spam
    Yale School of Management Working Papers, Yale School of Management View citations (5)
30. Social Norms versus Standards of Accounting
    Yale School of Management Working Papers, Yale School of Management View citations (2)

2004

31. Enforced Standards Versus Evolution by General Acceptance: A Comparative Study of E-Commerce Privacy Disclosure and Practice in the U.S. and the U.K
    Yale School of Management Working Papers, Yale School of Management View citations (1)
32. Markets as Artifacts: Aggregate Efficiency from Zero-Intelligence Traders
    Yale School of Management Working Papers, Yale School of Management View citations (4)
33. Regulation and the Marketplace
    Yale School of Management Working Papers, Yale School of Management

2003

34. A Simple Decentralized Institution for Learning Competitive Equilibrium
    Yale School of Management Working Papers, Yale School of Management View citations (1)
35. Are Unmanaged Earnings Always Better for Shareholders?
    Yale School of Management Working Papers, Yale School of Management View citations (13)
36. Control and Assurance in E-Commerce: Privacy, Integrity, and Security at eBay
    Yale School of Management Working Papers, Yale School of Management View citations (1)
    Also in Yale School of Management Working Papers, Yale School of Management (2001)
37. Enforced Standards Versus Evolution by General Acceptance
    Working paper, Regulation2point0
38. Management Controls, Expectations, Common Knowledge and Culture
    Yale School of Management Working Papers, Yale School of Management View citations (1)
39. Regulatory Competition Among Accounting Standards Within and Across International Boundaries
    Yale School of Management Working Papers, Yale School of Management View citations (1)
    See also Journal Article in Journal of Accounting and Public Policy (2002)
40. Rethinking the Structure of Accounting and Auditing
    Yale School of Management Working Papers, Yale School of Management
    Also in Yale School of Management Working Papers, Yale School of Management (2003)
41. Using Experimental Data to Model Bargaining Behavior in Ultimatum Games
    Yale School of Management Working Papers, Yale School of Management View citations (2)
    Also in Yale School of Management Working Papers, Yale School of Management (2001) View citations (1)

2002

42. Is the Opportunity Cost of Idle Capacity Zero? Coase (1938) Versus Managerial Accounting Circa 2000
    Yale School of Management Working Papers, Yale School of Management
    Also in Yale School of Management Working Papers, Yale School of Management (2001)
43. Knowing What Others Know: Common Knowledge, Accounting, and Capital Markets
    Yale School of Management Working Papers, Yale School of Management
    Also in Yale School of Management Working Papers, Yale School of Management (2001) View citations (1)
44. Privacy in E-Commerce: Development of Reporting Standards, Disclosure and Assurance Services in an Unregulated Market
    Yale School of Management Working Papers, Yale School of Management
    Also in Yale School of Management Working Papers, Yale School of Management (2002)
    See also Journal Article in Journal of Accounting Research (2003)
45. Regulatory Competition for Low Cost-of-capital Accounting Rules
    Yale School of Management Working Papers, Yale School of Management View citations (2)
    See also Journal Article in Journal of Accounting and Public Policy (2002)
46. Stability of Monetary Unit and Informativeness of Corporate Financial Reporting
    Yale School of Management Working Papers, Yale School of Management
47. Standards for Corporate Financial Reporting: Regulatory Competition Within and Across International Boundaries
    Yale School of Management Working Papers, Yale School of Management View citations (3)
48. Stock Market as a 'Beauty Contest': Investor Beliefs and Price Bubbles sans Dividend Anchors
    Yale School of Management Working Papers, Yale School of Management View citations (2)
    Also in Yale School of Management Working Papers, Yale School of Management (2002) View citations (1)
49. Value of the Firm: Who Gets the Goodies?
    Yale School of Management Working Papers, Yale School of Management

2001

50. Accounting: Continuity and Transition
    Yale School of Management Working Papers, Yale School of Management
51. Classical, Stewardship, and Market Perspectives on Accounting: A Synthesis
    Yale School of Management Working Papers, Yale School of Management
52. Design and Implementation of Contracts: A Comparison of Factor Markets Relevant to Financial Reporting in Japan and the U.S
    Yale School of Management Working Papers, Yale School of Management
53. Tracking the Invisible Hand: Convergence of Double Auctions to Competitive Equilibrium
    Yale School of Management Working Papers, Yale School of Management View citations (2)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business (1994) View citations (1)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1996) View citations (7)
    See also Journal Article in Computational Economics (2000)
54. Why Not Allow the FASB and IASB Standards to Compete in the U.S.?
    Yale School of Management Working Papers, Yale School of Management View citations (6)
55. Why do Biased Heuristics Approximate Bayes Rule in Double Auctions?
    Yale School of Management Working Papers, Yale School of Management
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    See also Journal Article in Journal of Economic Behavior & Organization (2001)

1999

56. Earnings Management and the Revelation Principle
    Yale School of Management Working Papers, Yale School of Management View citations (9)

1995

57. Biased Heuristic Traders and Attainment of Bayesian Equilibria in Double Auctions
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
58. Does a Constant Money Growth Rule Help Stabilize Inflation?: Experimental Evidence
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1995)
59. Professional Traders as Intuitive Bayesians
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (8)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business (1989) View citations (1)
    See also Journal Article in Organizational Behavior and Human Decision Processes (1995)
60. What Makes Markets Efficient? A Statistical Approach
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business

1994

61. Asset Markets and Experimental Economics
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business

1993

62. Expectationally-driven market volatility: An experimental study
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (33)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business (1991) View citations (9)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (2)
    See also Journal Article in Journal of Economic Theory (1993)
63. Expectations and Learning under Alternative Monetary Regimes: An Experimental Approach
    Working Papers, Cambridge - Risk, Information & Quantity Signals View citations (3)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1993) View citations (5)
    See also Journal Article in Economic Theory (1994)
64. Indeterminacy of equilibria in a hyperinflationary world: Experimental evidence
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (67)
    See also Journal Article in Econometrica (1993)

1992

65. A Comparative Analysis of Efficiency of Economic Institutions with Zero Intelligence Traders
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (1)
66. Experimental Asset Markets: A Survey
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (39)
67. Insider Information and its Role in Security Markets
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
68. Lower Bounds for Efficiency of Surplus Extraction in Double Auctions
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (10)
69. Some Issues in Electronic Modeling of Continuous Double Auctions with Computer Traders
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business

1991

70. Allocative Efficiency of Markets with Zero Intelligence (Z1) Traders: Market as a Partial Substitute for Individual Rationality
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (6)

1990

71. ACCURACY OF LINEAR VALUATION RULES IN INDUSTRY SEGMENTED ENVIRONMENTS: INDUSTRY VS. ECONOMY-WEIGHTED INDEXES
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
72. ECONOMETRIC EFFICIENCY OF ASSET VALUATION RULES UNDER PRICE MOVEMENT AND MEASUREMENT ERRORS
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (1)

1989

73. MARKET FOR INFORMATION: EXPERIMENTAL EVIDENCE
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (2)
    See also Journal Article in Econometrica (1992)

1988

74. CONTRACT THEORETIC ANALYSIS OF OFF-BALANCE SHEET FINANCING
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
75. MONEY VS. GAMING: EFFECTS OF SALIENT MONETARY PAYMENTS IN DOUBLE ORAL AUCTIONS
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (2)
    See also Journal Article in Organizational Behavior and Human Decision Processes (1991)
76. RATIONAL EXPECTATIONS VS. ADAPTIVE BEHAVIOR IN A HYPERINFLATION WORLD: EXPERIMENTAL EVIDENCE
    Working Papers, Minnesota - Center for Economic Research
77. RATIONAL EXPECTATIONS VS. ADAPTIVE BEHAVIOR IN A HYPERINFLATIONARY WORLD: EXPERIMENTAL EVIDENCE
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (1)

1899

78. Learning Competitive Equilibrium
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (3)
    See also Journal Article in Journal of Mathematical Economics (2008)

Undated

79. Efficiency of Experimental Security Markets with Insider Information: An Application of Rational Expectations Models
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences View citations (5)
    See also Journal Article in Journal of Political Economy (1982)
80. Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences View citations (2)
    See also Journal Article in Econometrica (1988)
81. Simpsons Reversal Paradox and Cost Allocation
    IIMA Working Papers, Indian Institute of Management Ahmedabad, Research and Publication Department

Journal Articles

2012

1. When and Why Individuals Obey Form-Adhesive Contracts: Experimental Evidence of Consent, Compliance, Promise, and Performance
   Journal of Institutional and Theoretical Economics (JITE), 2012, 168, (1), 147-149

2011

2. IFRS monopoly: the Pied Piper of financial reporting
   Accounting and Business Research, 2011, 41, (3), 291-306
3. Imagined Worlds of Accounting
   Accounting, Economics, and Law, 2011, 1, (1), 1-14
4. Is mandated independence necessary for audit quality?
   Accounting, Organizations and Society, 2011, 36, (4), 284-292 View citations (1)
5. Paradox of Writing Clear Rules: Interplay of Financial Reporting Standards and Engineering
   The Japanese Accounting Review, 2011, 1, 119-130
6. Unregulated Markets for Audit Services
   The Japanese Accounting Review, 2011, 1, 1-16

2010

7. An economy with personal currency: theory and experimental evidence
   Annals of Finance, 2010, 6, (4), 475-509 View citations (1)
   See also Working Paper (2010)
8. Hicksian Income in the Conceptual Framework
   Abacus, 2010, 46, (3), 348-376 View citations (1)
9. Three minimal market institutions with human and algorithmic agents: Theory and experimental evidence
   Games and Economic Behavior, 2010, 70, (2), 403-424
   See also Working Paper (2010)

2009

10. Rationality in economics: Constructivist and ecological forms
    Journal of Economic Psychology, 2009, 30, (1), 107-110
11. Response to FAF exposure draft, "Proposed changes to oversight, structure, and operations of the FAF, FASB, and GASB"
    Journal of Accounting and Public Policy, 2009, 28, (1), 51-57

2008

12. Learning competitive equilibrium
    Journal of Mathematical Economics, 2008, 44, (7-8), 651-671 View citations (2)
    See also Working Paper (1899)
13. The Future of Agent-Based Research in Economics: A Panel Discussion, Eastern Economic Association Annual Meetings, Boston, March 7, 20081
    Eastern Economic Journal, 2008, 34, (4), 550-565 View citations (1)

2007

14. Advances in experimental and agent-based modelling: Asset markets, economic networks, computational mechanism design and evolutionary game dynamics
    Journal of Economic Dynamics and Control, 2007, 31, (6), 1801-1807 View citations (3)
15. Price bubbles sans dividend anchors: Evidence from laboratory stock markets
    Journal of Economic Dynamics and Control, 2007, 31, (6), 1875-1909 View citations (6)
    See also Working Paper (2007)

2006

16. Determinants of Economic Interaction: Behavior or Structure
    Journal of Economic Interaction and Coordination, 2006, 1, (1), 21-32 View citations (1)
17. Economic Theory: Structural Abstraction or Behavioral Reduction?
    History of Political Economy, 2006, 38, (5), 322-342

2005

18. Economics, Psychology, and Social Dynamics of Consumer Bidding in Auctions
    Marketing Letters, 2005, 16, (3), 401-413 View citations (1)
19. Enforced Standards Versus Evolution by General Acceptance: A Comparative Study of E-Commerce Privacy Disclosure and Practice in the United States and the United Kingdom
    Journal of Accounting Research, 2005, 43, (1), 73-96 View citations (1)

2004

20. Double auction dynamics: structural effects of non-binding price controls
    Journal of Economic Dynamics and Control, 2004, 28, (9), 1707-1731 View citations (3)
    See also Working Paper (2008)

2003

21. Privacy in E-Commerce: Development of Reporting Standards, Disclosure, and Assurance Services in an Unregulated Market
    Journal of Accounting Research, 2003, 41, (2), 285-309 View citations (3)
    See also Working Paper (2002)

2002

22. Regulatory competition among accounting standards within and across international boundaries
    Journal of Accounting and Public Policy, 2002, 21, (3), 219-234 View citations (4)
    See also Working Paper (2003)
23. Regulatory competition for low cost-of-capital accounting rules
    Journal of Accounting and Public Policy, 2002, 21, (2), 147-149 View citations (3)
    See also Working Paper (2002)

2001

24. Why do biased heuristics approximate Bayes rule in double auctions?
    Journal of Economic Behavior & Organization, 2001, 46, (4), 431-435
    See also Working Paper (2001)

2000

25. Tracking the Invisible Hand: Convergence of Double Auctions to Competitive Equilibrium
    Computational Economics, 2000, 16, (3), 257-284 View citations (5)
    See also Working Paper (2001)

1997

26. What Makes Markets Allocationally Efficient?
    The Quarterly Journal of Economics, 1997, 112, (2), 603-30 View citations (32)

1996

27. Bayesian equilibrium in double auctions populated by biased heuristic traders
    Journal of Economic Behavior & Organization, 1996, 31, (2), 273-291 View citations (13)
28. Ideas and work of Richard M. Cyert
    Journal of Economic Behavior & Organization, 1996, 31, (2), 139-148 View citations (3)

1995

29. Does a constant money growth rule help stabilize inflation?: experimental evidence
    Carnegie-Rochester Conference Series on Public Policy, 1995, 43, (1), 111-156 View citations (6)
    See also Working Paper (1995)
30. Professional Traders as Intuitive Bayesians
    Organizational Behavior and Human Decision Processes, 1995, 64, (2), 185-202 View citations (14)
    See also Working Paper (1995)

1994

31. Expectations and Learning under Alternative Monetary Regimes: An Experimental Approach
    Economic Theory, 1994, 4, (1), 131-62 View citations (18)
    See also Working Paper (1993)
32. Stationary Solution to the Overlapping Generations Model of Fiat Money: Experimental Evidence
    Empirical Economics, 1994, 19, (2), 255-77 View citations (21)

1993

33. Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality
    Journal of Political Economy, 1993, 101, (1), 119-37 View citations (126)
34. Expectationally Driven Market Volatility: An Experimental Study
    Journal of Economic Theory, 1993, 61, (1), 74-103 View citations (36)
    See also Working Paper (1993)
35. Indeterminacy of Equilibria in a Hyperinflationary World: Experimental Evidence
    Econometrica, 1993, 61, (5), 1073-107 View citations (71)
    See also Working Paper (1993)

1992

36. Market for Information: Experimental Evidence
    Econometrica, 1992, 60, (3), 667-95 View citations (30)
    See also Working Paper (1989)

1991

37. Money vs gaming: Effects of salient monetary payments in double oral auctions
    Organizational Behavior and Human Decision Processes, 1991, 49, (1), 151-166 View citations (2)
    See also Working Paper (1988)

1988

38. Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets
    Econometrica, 1988, 56, (5), 1085-1118 View citations (69)
    See also Working Paper

1982

39. Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models
    Journal of Political Economy, 1982, 90, (4), 663-98 View citations (74)
    See also Working Paper

1980

40. Corporate Capital Investment, Accounting Methods and Earnings: A Test of the Control Hypothesis
    Journal of Finance, 1980, 35, (2), 553-65
41. Discussion of the role of accounting in financial disclosure
    Accounting, Organizations and Society, 1980, 5, (1), 81-86
42. Stationarity of Market Risk: Random Coefficients Tests for Individual Stocks
    Journal of Finance, 1980, 35, (4), 883-96 View citations (17)

1979

43. Methodological issues in the use of financial ratios
    Journal of Accounting and Economics, 1979, 1, (3), 187-210 View citations (16)

1976

44. Finance and Accounting: Discussion
    Journal of Finance, 1976, 31, (2), 680-84

Undated

45. Adverse effects of uniform written reporting standards on accounting practice, education, and research
    Journal of Accounting and Public Policy, 29, (2), 99-114

Books

1994

1. Experimental Methods
   Cambridge Books, Cambridge University Press View citations (57)