Publications

Article

Competitive Inefficiencies in the Presence of Constrained Transactions

By: Jerry R. Green and Eytan Sheshinski

Article

A Note on the Progressivity of Optimal Public Expenditures

By: Jerry R. Green and Eytan Sheshinski

Article

The Question of Collective Rationality in Professor Gale's Model of Trade Imbalance

1974
Chapter

Pre-existing Contracts and Temporary General Equilibrium

Article

The Stability of Edgeworth's Recontracting Process

The core is the set of all unblocked allocations. Implicit in this definition is the idea that if an allocation is proposed which could be blocked, some coalition will form and issue a counterproposal which it can enforce. A process of successive counterproposals based... View Details

Keywords: Game Theory; Economics

Article

Temporary General Equilibrium in a Sequential Trading Model with Spot and Futures Transactions

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

Keywords: Equilibrium; Sequential Trading; Econometric Models

1973
Working Paper

Notes on Expectations Equilibria in Bayesian Settings

By: Kenneth J. Arrow and Jerry R. Green

Article

On the Inequitable Nature of Core Allocations

1971
Working Paper

A Simple General Equilibrium Model of the Term Structure of Interest Rates

1971
Working Paper

Stochastic Equilibrium: A Stability Theorem and Application

Research Summary

3D Negotiaton

By: James K. Sebenius

In articles and books, often with David Lax, I have been developing a broad approach to effective negotiation that encompasses three "dimensions." In this "3D" approach, our first dimension — "tactics"-- is the most familiar territory. Tactics are the persuasive... View Details

Teaching Interest

Advanced Management Program: Transforming Proven Leaders into Global Executives

By: Guhan Subramanian

As the world economy continues to evolve, so do the requirements for global leadership. The Advanced Management Program (AMP) is a powerful, transformational, and personalized learning experience that explores the best management practices... View Details

Research Summary

American Secretaries of State Project: Negotiation, Diplomacy, and Statecraft

By: James K. Sebenius

With Nicholas Burns and Robert Mnookin, I co-lead a project to do background research on all living former American Secretaries of State, interview them extensively on video at Harvard (if possible) about their most challenging negotiations, and analyze this... View Details

Article

An Insider’s Perspective on How to Reduce Fraud in the Social Sciences

By: Max Bazerman

Research Summary

Behavioral Hazard and Public Policy

By: Joshua R. Schwartzstein

It is well recognized that people overuse low-value medical care due to moral hazard—because copays are lower than costs. Now Professor Schwartzstein has introduced the concept of “behavioral hazard” to explain the opposite: people underuse high-value care because... View Details

Forthcoming
Article

Boomerasking: Answering Your Own Questions

By: Alison Wood Brooks and Michael Yeomans

Humans spend much of their lives in conversation, where they tend to hold many simultaneous motives. We examine two fundamental desires: to be responsive to a partner and to disclose about oneself. We introduce one pervasive way people attempt to reconcile these... View Details

Keywords: Interpersonal Communication; Motivation and Incentives; Perception; Behavior

Article

Buying (Quality) Time Predicts Relationship Satisfaction

By: A.V. Whillans, Jessie Pow and Joe J. Gladstone

Seven studies examine the association between time-saving purchases (e.g., housecleaning and meal delivery services) and relationship satisfaction. Study 1 uses an eleven-year longitudinal panel survey to show that increases in time-saving purchases predict long-term... View Details

Keywords: Personal Finance; Family and Family Relationships; Satisfaction; Well-being