STICERD - Theoretical Economics Paper Series

From Suntory and Toyota International Centres for Economics and Related Disciplines, LSE
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1998: Implementation and Renegotiation - (Now published in Review of Economic Studies, vol.66 (1), 1999, pp.39-56.)

Eric Maskin and John Moore

1998: The Property-Rights Theory of the Firm with Endogenous Timing of Asset Purchase

Ben Lockwood and David de Meza

1998: Costly Coasian Contracts

Luca Anderlini and Leonardo Felli

1998: Costly Bargaining and Renegotiation - (Now published in Econometrica, 69(4) (March 2001), pp. 377-411.)

Luca Anderlini and Leonardo Felli

1998: Foundations of Incomplete Contracts - (Now published in Review of Economic Studies, vol.66 (1), 1999, pp.115-138.)

Oliver Hart and John Moore

1998: A Theory of Supervision with Endogenous Transaction Costs

Antoine Faure-Grimaud, Jean-Jacques Laffont and David Martimort

1998: Read My Lips: The Political Economy of Information Transmission

Timothy Besley and Rohini Pande

1998: Berges Maximum Theorem With Two Topologies On The Action Set (Now published in Economics Letters, vol.61 (1999), pp.285-291.)

Anthony Horsley, Timothy Van Zandt and Andrew Wrobel

1998: Cooperatives vs. Outside Ownership

Oliver Hart and John Moore

1997: Epistemic Conditions for Bayesian Nash Equilibrium, and Common Knowledge of Rationality

Ben Polak

1997: Weakening the Sure-Thing Principle: Decomposable Choice under Uncertainty

Simon Grant, Atsushi Kajii and Ben Polak

1997: A Model of a Predatory State

Boaz Moselle and Ben Polak

1997: Analyzing the Case for Government Intervention in a Representative Democracy

Timothy Besley and Stephen Coate

1997: Lobbying and Welfare in a Representative Democracy - (Now published in 'Review of Economic Studies', 68 (2001), pp.67-82.)

Timothy Besley and Stephen Coate

1997: Optimal Experimentation in a Changing Environment

R Keller and Sven Rady

1997: Incentives, Scale Economies, and Organizational Form - (Now published in 'Economics of Transition' (2201))

Eric Maskin, Yingyi Qian and Chenggang Xu

1997: Default and Renegotiation: A Dynamic Model of Debt

Oliver Hart and John Moore

1996: Bilateral Search and Vertical Heterogeneity

Jan Eeckhout

1996: Costly Contingent Contracts

Luca Anderlini and Leonardo Felli

1996: A New Bankruptcy Procedure that Uses Multiple Auctions - (Now published in 'European Economics Review', vol.41(3/5), 1997, pp.461-473.)

Oliver Hart, Rafael La Porta, Florencio Lopez-de-Silanes and John Moore

1996: Friendships in Vertical Relations - (Now published under the title 'Renegotiation and Collusion in Organisations', in 'Journal of Economics and Management Strategy', 9(4)(Winter 2001), pp.453-483.)

Leonardo Felli and J. Miguel Villas-Boas

1996: The Optimal Consumption Function in a Brownian Model of Accumulation, Part B: Existence of Solutions of Boundary Value Problems

Lucien Foldes

1996: Competition, Investment and Vertical Integration

Gilles Chemla

1996: The Optimal Consumption Function in a Brownian Model of Accumulation Part A: The Consumption Function as Solution of a Boundary Value Problem

Lucien Foldes

1996: Bargaining and Sharing Knowledge

Sudipto Bhattacharya, Louis-André Gérard-Varet and Claude d'Aspremont

1996: The Governance of Exchanges: Members' Co-operatives Versus Outside Ownership

Oliver Hart and John Moore

1996: Building Trust

Saikat Datta

1996: On Connections Between Renegotiation Proof Sets of Long Finitely and Infinitely Repeated Games with Low Discounting

Saikat Datta

1996: Preventing Collusion Through Discretion

Leonardo Felli

1996: Comparative Statics for a Partial Equilibrium Model of Investment with Wicksell-Complementary Capital Inputs

Anthony Horsley and Andrew Wrobel

1996: Efficiency Rents of Storage Plants in Peak-Load Pricing, I: Pumped Storage

Anthony Horsley and Andrew Wrobel

1996: Uninterruptible Consumption, Concentrated Charges, and Equilibrium in the Commodity Space of Continuous Functions

Anthony Horsley and Andrew Wrobel

1996: The Wong-Viner Envelope Theorem or Nonsmooth Joint Costs, Rental Valuation and the Short-Run Approach to Long-Run Equilibrium

Anthony Horsley and Andrew Wrobel

1996: The Le Chatelier Principle can be 'Expected' to Hold Globally: Implications of Rationality in Constrained and Unconstrained Situations - (Now published in 'Journal of Economic Theory', 87 (1999), pp.416-428.)

Kevin Roberts

1995: Reputation and Allocation of Ownership

Maija Halonen-Akatwijuka

1995: Roads to Equality: Wealth Distribution Dynamics with Public-Private Capital Complementarity

Francisco Ferreira

1995: Credit Cycles - (Now published in 'Journal of Political Economy', vol.105(2), April 1997, pp.211-248.)

Nobuhiro Kiyotaki and John Moore

1995: Objective Interpersonal Comparisons of Utility - (Now published in 'Social Choice and Welfare',14 (1997), pp.79-96.)

Kevin Roberts

1995: A Matching Model with Wage Announcement

Espen Moen

1994: Exploring a Branching Structure: A Bandit Problem with Correlated Pay-offs

Alison Hole and R Keller

1994: Job Matching, Learning and the Distribution of Surplus (Revised version published in Journal of Political Economy, vol.104 (1996), pp.838-868 (new title: Learning, Wage Dynamics, and Firm-Specific Human Capital.)

Leonardo Felli and Christopher Harris

1994: Wage and Employment Determination through Non-Cooperative Bargaining

Kevin Roberts

1994: Exchange Rates and the Matrix-Tree Theorem

Norman Biggs

1994: The Algebra of Knowledge: Critique and Reformulation

Kaushik Basu

1993: A General Model of Information Sharing in Oligopoly

Michael A. Raith

1993: Incomplete Information Bargaining and Business Cycles

Daron Acemoglu

1993: Incomplete Written Contracts: Endogenous Agency Problems (Revised version, 'Describability and Agency Problems', published in European Economic Review, vol.42 (1998), pp.35-59.)

Luca Anderlini and Leonardo Felli

1993: Recession Dynamics Following a Price Shock in a Transition Economy

Stanislaw Gomulka and John Lane

1993: Incomplete Written Contracts: Undescribable States of Nature (Now published in Quarterly Journal of Economics (1994), vol.109, pp.1085-1124.)

Luca Anderlini and Leonardo Felli

1993: Strategic Experimentation - (Now published in 'Econometrica',(March 1999)

Patrick Bolton and Christopher Harris