Penn CARESS Working Papers
From Penn Economics Department
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- On Preservation of Increasing Hazard Rate Under Convolution

- Eugenio Miravete
- Welfare Characterization of Monetary-Applied Models and Three Implications

- Samuel de Abreu Pessoa
- Multiplicity, Instability and Sunspots in Games

- Julio Dávila
- Product Quality, Reputation and Turnover

- Rafael Rob and Tadashi Sekiguchi
- Belief-Based Equilibria in the Repeated Prisoners' Dilemma with Private Monitoring

- V Bhaskar and Ichiro Obara
- Endogenous Inequality in Integrated Labor Markets with Two-sided Search

- George Mailath, Larry Samuelson and Avner Shaked
- Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies

- Armo Gomes and Philippe Jehiel
- An Economic Model of Representative Democracy

- Timothy Besley and Stephen Coate
- Consensus and Co-Existence in an Interactive Process of Opinion Formation

- Valentina Corradi and Antonella Ianni
- Contagion

- Stephen Morris
- More on Marriage, Fertility, and the Distribution of Inocome

- Jeremy Greenwood, Nezih Guner and John Knowles
- Correlated Equilibria and Local Interactions

- George Mailath, Larry Samuelson and Avner Shaked
- Optimal Portfolio Analysis for the Czech Republic, Hungary and Poland During 1994-1995 Period

- Yochanan Shachmurove
- An Equilibrium Model of Firm Growth and Industry Dynamics

- Arthur Fishman and Rafael Rob
- Informational Size, Incentive Compatibility and the Core of a Game with Incomplete Information

- Richard McLean and Andrew Postlewaite
- Market Selection and Asymmetric Information

- George Mailath and Alvaro Sroni
- Affirmative Action in a Competitive Economy

- Andrea Moro and Peter Norman
- On Trees and Logs

- David Cass and Anna Pavlova
- Consensus and the Accuracy of Signals: Optimal Committee Design with Endogenous Information

- Nicola Persico
- Trade Between Rational Agents as a Result of Asymmetric Information

- Yoram Halevy
- Learning Correlated Equilibria in Potential Games

- Antonella Ianni
- Budget-constrained Search

- Richard Manning and Julian Manning
- Underemployment of Resources and Self-Confirming Beliefs

- Alessro Citanna, Hervé Crès and Antonio Villancci
- Asynchronous Choice in Repeated Coordination Games

- Roger Lagunoff and Akihiko Matsu
- Word-of-Mouth Communication and Community Enforcement

- Illtae Ahn and Matti Suominen
- A Bayesian Approach to Uncentainty Aversion

- Yoram Halevy and Vincent Feltkamp
- Speculative Investor Behavior and Learning

- Stephen Morris
- Efficient Non-Contractible Investments in Large Economies

- Harold Cole, George Mailath and Andrew Postlewaite
- Justifying Rational Expectations

- Stephen Morris
- Co-operation and Timing

- Stephen Morris
- Policy Persistence

- Stephen Coate and Stephen Morris
- The Drawbacks of Electoral Competition

- Aless, Alessandro Lizzeri and Nicola Persico
- Quantity Discounts for Taste-Varying Consumers

- Eugenio Miravete
- The Burglar as a Rational Economic Agent

- Yochanan Shachmurove, Gideon Fishman and Simon Hakim
- Efficient Non-Contractible Investments

- Harold Cole, George Mailath and Andrew Postlewaite
- Competing Norms of Cooperation

- Jan Eeckhout
- Foreign Direct Investment and Exports with Growing Demand

- Rafael Rob and Nikolaos Vettas
- Informational Size and Incentive Compatibility

- Richard McLean and Andrew Postlewaite
- The Repeated Prisoner's Dilemma with Private Monitoring: a N-player case

- Ichiro Obara
- The Effects of Immigration on Socioeconomic Gaps in Labor Managed System Versus in a Competitive System

- Yochanan Shachmurove and Tikva Leker
- The Effects of the East Asian Crisis on the Region's Energy Consumption

- F. Gerard Adams and Yochanan Shachmurove
- Using Vector Autoregression Models to Analyze the Behavior of the European Community Stock Markets

- Joseph Friedman and Yochanan Shachmurove
- Chaos Theory And Its Application

- Haim H. Bau and Yochanan Shachmurove
- Repeated Games with Almost-Public Monitoring

- George Mailath and Stephen Morris
- The Social Basis of Interdependent Preferences

- Andrew Postlewaite
- Approximate Common Knowledge Revisited

- Stephen Morris
- Dynamic Voluntary Contribution to a Public Project

- Leslie Marx and Steven Matthews
- Applying Artificial Neural Networks to Business, Economics and Finance

- Yochanan Shachmurove
- Dynamic Daily Returns Among Latin Americans and Other Major World Stock Markets

- Yochanan Shachmurove
- Costly Coasian Contracts

- Luca Anderlini and Leonardo Felli
- Can the Cost of Education Explain the Poverty of Nations? Measuring the Impact of Factor Taxation and Life Expectancy on Income Differences

- Pedro Ferreira and Samuel de Abreu Pess
- Japan's Enigmatic Coexistence of Strong Currency and Trade Surplus

- Yochanan Shachmurove
- Repeated Games with Imperfect Private Monitoring: Notes on a Coordination Perspective

- George Mailath and Stephen Morris
- Statistical Discrimination, Affirmative Action, and Mismatch

- Jaewoo Ryoo
- Ergodicity and Clustering in Opinion Formation

- Valentina Corradi and Antonella Ianni
- Generic Existence of Sunspot Equilibria: The Case of real Assets

- Piero Gottardi and Atsushi Kajii
- The Dynamics of Technological Adoption in Hardware/Software Systems: The Case of Compact Disc Players

- Neil G, Al, Michael Kende and Rafael Rob
- Does Competition Solve the Hold-up Problem?

- Leonardo Felli and Kevin Roberts
- Product Durability and Innovations: The Duopoly Case

- Arthur Fishman and Rafael Rob
- Love and Money: A Theoretical and Empirical Analysis of Household Sorting and Inequality

- Raquel Ferndez, Nezih Guner and John Knowles
- Screening Through Bundling

- Eugenio Miravete
- Who Wants a Good Reputation?

- George Mailath and Larry Samuelson
- Vintage Capital, Distortions and Development

- Samuel de Abreu Pess and Rafael Rob
- Class Systems and the Enforcement of Social Norms

- Harold Cole, George Mailath and Andrew Postlewaite
- The Sequential Regularity of Competitive Equilibria and Sunspots

- Atsushi Kajii
- Your Reputation Is Who You're Not, Not Who You'd Like To Be

- George Mailath and Larry Samuelson
- Renegotiating Moral Hazard Contracts Under Limited Liability and Monotonicity

- Steven Matthews
- Multilateral Negotiations and Formation of Coalitions

- Armo Gomes
- Endogenous Lob

- Leonardo Felli and Antonio Merlo
- Moral Hazard and Capital Structure Dynamics

- Mathias Dewatripont, Patrick Legros and Steven Matthews
- A Theory of Negotiation and Formation of Coalition

- Armo Gomes