Publications

1978
Article

Sequential Structure of Futures Markets and the Value of Improving Information: An Example

In an example, the value of improving information is computed under alternative structures for the timing of futures markets. It is always beneficial if futures markets are active both before and after the information is revealed. View Details

2003
Other Unpublished Work

Compensatory Transfers in Two-Player Decision Problems

Keywords: Decision Choices and Conditions; Game Theory

23 Aug 2011
First Look

First Look: August 23

that exposure to informational advertising can decrease the consumer's tendency to purchase the promoted product. The structural estimates imply that an exposure to a single advertisement decreases the consumer's probability of not choosing her best alternative View Details

Keywords: Sean Silverthorne

08 Nov 2016
First Look

November 8, 2016

are difficult to assemble. We combine several restricted-access U.S. Census Bureau data sets to create a unique longitudinal data platform that covers 1992–2008 and many states. We describe differences in the types of businesses initially formed View Details

Keywords: Sean Silverthorne

1988
Chapter

Demographics, Market Failure and Social Security

1971
Working Paper

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

Article

On the Optimal Structure of Liability Laws

We consider the control of tvo-party accidents through the use of liability rules that assign damages according to whether or not predetermined standards for care have been met. Particular emphasis is given to how the differential in the costs of accident avoidance... View Details

Keywords: Legal Liability; Law

Article

The Nonexistence of Informational Equilibria

Article

On the Theory of Effective Demand

1983
Working Paper

A Theory of Bargaining with Monetary Transfers

21 Feb 2012
First Look

First Look: Feb. 21

and contracts in shaping the growth and influence of business enterprises. It presents entrepreneurs, executives, and the firms they controlled as driving actors in national economies and international growth. Alongside an original introduction, we have selected work... View Details

Keywords: Sean Silverthorne

1982
Discussion Paper

The Current Status of the Interface Between Information Science and Economics

1974
Chapter

Pre-existing Contracts and Temporary General Equilibrium

1986
Chapter

Vertical Integration and Assurance of Markets

1982
Chapter

Statistical Decision Theory Requiring Incentives for Information Transfer

1971
Working Paper

Stochastic Equilibrium: A Stability Theorem and Application

Article

On the Inequitable Nature of Core Allocations

1977
Working Paper

Mitigating Demographic Risk Through Social Insurance

A two-period lifetime overlapping generations growth model is used to evaluate the possibility that social insurance can effectively offset economic risks associated with uncertainty about the rate of population growth. Crude measures of the seriousness of this type of... View Details

Keywords: Social Insurance; Econometric Models; Public Sector; Government Administration; Policy; Human Needs; Social Issues; Risk and Uncertainty