Working Papers

From C.V. Starr Center for Applied Economics, New York University
C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012.
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86-26: Some Evidence on the Non-Linearity of Economic Time Series: 1890-1981

Salih Neftci and Bruce McNevin

86-25: Information, Returns, and Bidding Behavior in OCS Auctions: 1954-1969

Bryan Boudreau, Kenneth Hendricks and Robert Porter

86-24: The Probability of Nuclear War

Rudolf Avenhaus, Steven Brams, John Fichtner and D. Marc Kilgour

86-23: Threat Escalation and Crisis Stability: A Game-Theoretic Analysis

Steven Brams and D. Marc Kilgour

86-22: Perfect Equilibria in Budget Constrained Sequential Auctions: An Experimental Study

Carolyn Pitchik and Andrew Schotter

86-21: Budget Constrained Sequential Auctions

Carolyn Pitchik and Andrew Schotter

86-20: The Diffusion and Growth of Knowledge

Boyan Jovanovic and Rafael Rob

86-19: On Competitive Cycles in Productive Economies

Jess Benhabib and Guy Laroque

86-18: The Dynamics of Efficient Intertemporal Allocations With Many Agents, Recursive Preferences and Production

Jess Benhabib, Saqib Jafarey and Kazuo Nishimura

86-17: Inference in Models With Multiple Equilibria

Boyan Jovanovic

86-16: Learning to Believe in Sunspots

Michael Woodford

86-15: Expectations, Finance and Aggregate Instability

Michael Woodford

86-14: Micro Shocks and Aggregate Risks

Boyan Jovanovic

86-13: Verifications and Stability: A Game Theoretic Analysis

Steven Brams and D. Marc Kilgour

86-12: Anonymous Sequential Games

Boyan Jovanovic and Robert Rosenthal

86-11: Information Services: Perspectives From Industrial Organization and Trade Theory

Clive Bull, Janusz Ordover and Kenneth Rogoza

86-10: The Adjustment of U.S. Oil Demand to the Price Increases of the 1970’s: Have the Conservation Gains Been Overstated?

Dermot Gately and Peter Rappoport

86-09: Labor Market Intermediaries: Welfare, Wages and Vacancy Rates

Clive Bull, Oscar Ornati and Piero Tedeschi

86-08: Notes on Arms-Control Verification: A Game-Theoretic Analysis

Steven Brams and D. Marc Kilgour

86-07: Are the Cross-Equation Restrictions Imposed in the Rational Expectations Models Valid?

Roman Frydman

86-06: Reputation and Patience in the “War of Attrition”

Lewis A. Kornhauser, Ariel Rubinstein and Charles Wilson

86-05: On the Economic Virtues of Incompetency and Dishonesty

Andrew Schotter

86-04: Entrepreneurship and the Long Run Productivity Record

William Baumol

86-03: The Point of No Return: A Game-Theoretic Analysis of Crisis Stability

Steven Brams and D. Marc Kilgour

86-02: The Prospects for Oil Prices, Revisited

Dermot Gately

86-01: Contestability: Developments Since the Book

William Baumol and Robert Willig

85-41: Discrete Versus Continuous Time in Games of Timing

Kenneth Hendricks and Charles Wilson

85-40: Three Fundamental Productivity Concepts: Principles and Measurement

William Baumol and Edward Wolff

85-39: The Effects of Pensions and Social Security on the Distribution of Wealth in the U.S

Edward Wolff

85-38: The Evolution of a Free Banking System

George Selgin and Lawrence White

85-37: Deterrence by Variable Retaliation: A Game-Theoretic Analysis

Steven Brams and D. Marc Kilgour

85-36: On Continuity of Multiple-Output Cost and Distance Functions

R. Robert Russell

85-35: Accounting for Non-Interest-Bearing Currency: A Critique of the ‘Legal Restrictions’ Theory of Money

Lawrence White

85-34: Demand-Driven Innovation and Spatial Competition Over Time

Boyan Jovanovic and Rafael Rob

85-33: On the Axiomatic Approach to the Measurement of Technical Efficiency

R. Robert Russell

85-32: The War of Attrition in Discrete Time

Kenneth Hendricks and Charles Wilson

85-31: Management Error and the Optimal Structure of the Firm: A Decision – Theoretic Approach

Clive Bull and Janusz A. Ordover

85-30: Winding Down if Preemption or Escalation Occurs: A Game-Theoretic Analysis

Steven Brams and D. Marc Kilgour

85-29: On the Possibility of Continuing Expansion of Finite Resources

William Baumol

85-28: On Method in Economics a Century Earlier

William Baumol

85-27: Productivity Growth, Convergence and Welfare: What the Long Run Data Show

William Baumol

85-26: On the Optimal Pricing Policy of a Monopolist

Charles Wilson

85-25: Unnatural Value: Or Art Investment as Floating Crap Game

William Baumol

85-24: Unpredictability, Psuedorandomness and Military-Civilian Budget Interactions

William Baumol

85-23: The Role of Matching and Relative Demand Shocks in Generating Turnover

Clive Bull and Boyan Jovanovic

85-22: Rebirth of a Fallen Leader: Italy and the Long Period Data

William Baumol

85-21: Tournaments and Piece Rates: An Experimental Study

Clive Bull, Andrew Schotter and Keith Weigelt

85-20: Empirical Investigation of the Irrelevance of the Distinction Between Anticipated and Unanticipated Money in Explaining Output

Roman Frydman and Peter Rappoport

85-19: Unbalanced Growth, Capital Accumulation and Productivity Growth

Edward Wolff

85-18: Time Structure of Technology and the Real Business Cycle

Giovanni Ferri