Publications

1983
Chapter

The Winner's Curse: An Empirical Investigation

By: Max Bazerman and William Samuelson

Article

Variance-Minimizing Monetary Policies with Lagged Price Adjustment and Rational Expectations

By: Jerry R. Green and Seppo Honkapohja

This paper considers a macroeconomic model with rational expectations in which prices are incompletely flexible. Markets therefore fail to clear. In such a model monetary policy is not neutral. The variance of real and nominal quantities and interest rates is sensitive... View Details

1982
Appendix

Financial Aspects of Antarctic Mineral Regimes

Keywords: Metals and Minerals; Mining Industry; Antarctica

fall 1982
Article

Risk-Spreading Properties of Common Tax and Contract Instruments

By: James K. Sebenius and Peter Stan

Keywords: Risk and Uncertainty; Taxation; Contracts

Article

A Test of the Equilibrium Hypothesis Based on Inventories: A Communication

By: Gilbert Ducos, Jerry R. Green and Jean-Jacques Laffont

1982
Chapter

Deep Ocean Mineral Resources

Keywords: Metals and Minerals; Mining; Natural Environment; Mining Industry

1982
Chapter

Statistical Decision Theory Requiring Incentives for Information Transfer

1982
Discussion Paper

The Current Status of the Interface Between Information Science and Economics

Article

The Computer as Mediator: Law of the Sea and Beyond

Keywords: Negotiation; Technology

Article

Value of Information with Sequential Futures Markets

The effects of an improvement in information on the efficiency of risk-bearing are studied under various systems of incomplete markets. With sequential futures markets for uncontingent delivery, the welfare effects are indeterminate in sign, except under special... View Details

Keywords: Information; Financial Markets; Mathematical Methods

Article

Disequilibrium Dynamics with Inventories and Anticipatory Price-Setting

By: Jerry R. Green and Jean-Jacques Laffont

1981
Article

Insecure Contracts and Resource Development

By: James K. Sebenius and David Lax

Keywords: Contracts; Growth and Development

1981
Article

Marine Resources Management under Uncertainty: The Case of Eastern Spinner Dolphin Depletion

Keywords: Management; Risk and Uncertainty; Information

1981
Chapter

Mathematical Analysis and Convexity with Applications to Economics

By: Jerry R. Green and Walter P. Heller

1980
Working Paper

Taxation and the Ex-dividend Day Behavior of Common Stock Prices

The behavior of stock prices around ex-dividend days has been suggested as evidence for tax-induced clientele effects and as a means to estimate the average effective tax rate faced by investors. In this paper these possibilities are examined theoretically and... View Details

Keywords: Taxation; Stocks; Price

1980
Working Paper

Components of Manufacturing Inventories: A Structural Model of the Production Process

By: Alan J. Auerbach and Jerry R. Green

This paper presents a structural model of production and inventory accumulation based on the hypothesis of cost minimization. It differs from previous attempts in several respects. First, it integrates the analysis of input inventories with output inventories, treating... View Details