Discussion Papers

From Northwestern University, Center for Mathematical Studies in Economics and Management Science
Center for Mathematical Studies in Economics and Management Science, Northwestern University, 580 Jacobs Center, 2001 Sheridan Road, Evanston, IL 60208-2014.
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834: Dynamic Housing Market Equilibrium with Taste Heterogeneity

Alex Anas and Richard Arnott

833: Implementation in Undominated Strategies - A Look at Bounded Mechanisms

Matthew Jackson

832: Bilateral Monopoly, Non-durable Goods and Dynamic Trading Relationships

Daniel Vincent

831: Coordination Failure and Long Run Growth

Hiroshi Osano

830: On the Design of Complex Organizations and Distributive Algorithms

Donald G. Saari

829: Oligopoly Limit Pricing

Kyle Bagwell and Garey Ramey

828: Toward an Endogenous Central Place Theory

André de Palma and Yorgos Papageorgiou

827: Serial Correlation of Sunspot Equilibria (Rational Bubbles) in Two Popular Models of Monetary Economies

Kiminori Matsuyama

826: Complicated Topological Structure of the Set of Equilibrium Prices

Kiminori Matsuyama

825: Endogenous Price Fluctuations in an Optimizing Model of Monetary Economy

Kiminori Matsuyama

824: Economic Organization of Trading Relationships: Hierarchies and Asset Ownership

Birger Wernerfelt

823: Relationship Admitting Families of Candidates

Donald Saari

822: A Comment on the Logic of 'Agreeing to Disagree' Type Results

Ariel Rubinstein and Asher Wolinsky

821: The Borda Dictionary

Donald G. Saari

820: Calculus and Extensions of Arrow's Theorem

Donald Saari

819: Social Stability and Equilibrium

Donald Saari

818: A Necessary but Insufficient Condition for the Stochastic Binary Choice Problem

Itzhak Gilboa

817: Collusion in Auctions

Kenneth Hendricks and Robert Porter

816: On a Representation of a Relation by a Measure

Ehud Lehrer

815: Information Revelation in a Market with Pairwise Meetings

Asher Wolinsly

814: Equilibrium in Competing Networks with Differentiated Products

André de Palma and Luc Leruth

813: Endogenous Price Fluctuations in an Optimizing Model of a Monetary Economy

Kiminori Matsuyama

812: A Theory of Sectoral Adjustment

Kiminori Matsuyama

811: Equilibrium Wage Distrihutions: A Synthesis

Dale Mortensen

810: The Persistence and Indeterminacy of Unemployment in Search Equilibrium

Dale Mortensen

809: Real Business Cycles in a Dynamic Labor Contract Equilibrium

Hiroshi Osano

808: High and Declining Prices Signal Product Quality

Kyle Bagwell and Michael Riordan

807: Random Reservation Prices and Bidding Behavior in OCS Drainage Auctions

Kenneth Hendricks, Robert Porter and Richard H. Spady

806: Calculating the Cost of Capital for the Purposes of Input Substitution

William P. Rogerson

805: Veto Threats: Rhetoric in a Bargaining Model

Steven Matthews

804: Efficient Sequential Bargaining

Lawrence M. Ausubel and Raymond J. Deneckere

803: Small Talk and Cooperation A Note on Bounded Rationality

Eitan Zemel

802: The Limits of Monopolization Through Acquisition

Morton I. Kamien and Israel Zang

801: A Theory of Managed Trade

Kyle Bagwell and Robert Staiger

800: Internal Correlation in Repeated Games

Ehud Lehrer

799: Competitively Cost Advantageous Mergers and Monopolization

Morton I. Kamien and Israel Zang

798: Consumer-Benefited Cartels Under Strategic Capital Investment Competition

Akihiko Matsui

797: A Note on Fiscal Policy Under Flexible Exchange Rates

Pekka Ahtiala

796: Mechanism Design

Roger Myerson

795: Involuntary Unemployment and the Threat to Shirking Workers

Hiroshi Osano

794: The Potential Disadvantage of Becoming Too Large In Duopolistic Industry

Chaim Fershtman and Eitan Muller

793: The Nature of Equilibria in the Buyer's Bid Double Auction

Steven R. Williams

792: Corporate Spinoffs in an Agency Framework

Debra J. Aron

791: Full Bayesian Implementation

Matthew Jackson

790: Equilibrium, Price Formation and the Value of Information in Economies with Privately Informed Agents

Matthew Jackson

789: On The Order of Eliminating Dominated Strategies

Ehud Kalai and Eitan Zemel

788: Information and Time-Of-Use Decisions in Stochastically Congestable Facilities

Richard Arnott

787: Advertising, Coordination, and Signaling

Kyle Bagwell and Garey Ramey

786: Information Leakage Forces Cooperation

Akihiko Matsui

785: Bertrand Competition with Subcontracting

Morton I. Kamien