Publications
Publications
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- All HBS Web
(335)
- Faculty Publications (129)
- January 1985
- Article
A Note on Risk Aversion in a Perfect Equilibrium Model of Bargaining
By: A. E. Roth
- Article
Participation Constraints in the Vickrey Auction
By: Jerry R. Green and Jean-Jacques Laffont
Economic agents are characterized by two privately observable parameters: their willingness to pay for an item being auctioned, and their reservation utility level which must be exceeded, in expectation, to induce them to participate in this auction. This creates a... View Details
- January 1982
- Background Note
Exchange Rate Determination and Foreign Exchange Equilibrium Conditions, Study Note
By: Thomas R. Piper
- Article
A Test of the Equilibrium Hypothesis Based on Inventories: A Communication
By: Gilbert Ducos, Jerry R. Green and Jean-Jacques Laffont
- 1982
- Article
Equilibrium in a Simple Price Location Model
By: Elon Kohlberg and William Novshek
Keywords: Price
- 1979
- Article
Approximating the Efficiency Gain of Tax Reforms
By: Jerry R. Green and Eytan Sheshinski
Proper analysis of tax reform requires evaluation of the welfare effects induced by a change from one tax system to another. We present two methods for estimating these changes using only local information pertaining to an initial equilibrium with distortive taxes. It... View Details
- 1978
- Other Book
Some Aspects of the Foundations of General Equilibrium Theory: The Posthumous Papers of Peter J. Kalman
By: Jerry R. Green and P.J. Kalman
- April 1978
- Article
Equilibrium Behavior and Repeated Play of the Prisoners' Dilemma
By: A. E. Roth and J. K. Murnighan
- Article
Physician-Induced Demand for Medical Care
By: Jerry R. Green
This paper addresses the theoretical models designed to ascertain the existence of a variable level of physicians' activity in shifting the demand of their patients. Two basic approaches are followed: equilibrium models of the demand for health care, and disequilibrium... View Details
- November 1976
- Article
Partial Equilibrium Approach to the Free-Rider Problem
By: Jerry R. Green, Elon Kohlberg and Jean-Jacques Laffont
Groves and others have shown that truthful answers concerning preferences for public goods can be elicited as dominant strategies if appropriate tax-subsidies rules are applied. This paper studies the statistical properties of the total revenues generated by one of the... View Details
Keywords: Problems and Challenges
- 1975
- Working Paper
Information, Efficiency and Equilibrium
By: Jerry R. Green
When economic agents receive information over time concerning future events it is likely that prices for commodities whose value is influenced by these events will fluctuate in response to changes in the state of knowledge. If such events occur periodically,... View Details
- August 1974
- Article
On Equilibrium Allocations as Distributions on the Commodity Space
By: Elon Kohlberg, S. Hart and W. Hildenbrand
Keywords: Goods and Commodities
- Article
Temporary General Equilibrium in a Sequential Trading Model with Spot and Futures Transactions
By: Jerry R. Green
The existence of an equilibrium is proven for a two-period model in which there are spot transactions and futures transactions in the first period and spot markets in the second period. Prices at that date are viewed with subjective uncertainty by all traders. This... View Details
- 1971
- Working Paper
A Simple General Equilibrium Model of the Term Structure of Interest Rates
By: Jerry R. Green
- Research Summary
Capital Controls, Risk and Liberalization Cycles (joint with Fabio Kanczuk)
By: Laura Alfaro
We construct an Overlapping-Generations model where agents vote on whether to open or close the economy to international capital flows. Political decisions are shaped by the risk over capital and labor returns. In an open economy, the capitalists (old) completely hedge... View Details
- Forthcoming
- Article
Collusion in Brokered Markets
By: John William Hatfield, Scott Duke Kominers and Richard Lowery
High commissions in the U.S. residential real estate agency market present a puzzle for economic theory because brokerage is not a concentrated industry. We model brokered markets as a game in which agents post prices for customers and then choose which other agents to... View Details
Keywords: Real Estate Agents; Real Estate; Realtors; Broker Networks; Brokerage; Brokerage Commissions; ＂Brokerage Industry; Brokered Markets; Brokering; Brokers; Industrial Organization; Repeated Game Framework; ＂Repeated Games＂; Collusion; Antitrust; Microeconomics; Market Design; Theory; Game Theory; Real Estate Industry