Publications

1979
Other Book

General Equilibrium, Growth and Trade: Essays in Honor of Lionel McKenzie

By: Jerry R. Green and José Alexandre Scheinkman

1979
Chapter

Identifiability of the von Neumann-Morgenstern Utility Function from Asset Demands

By: Jerry R. Green, Lawrence J. Lau and Heraklis Polemarchakis

1979
Book

Incentives in Public Decision Making

By: Jerry R. Green and Jean-Jacques Laffont

1978
Article

An Incentive Compatible Planning Procedure for Public Good Production

By: Jerry R. Green and Jean-Jacques Laffont

It is only recently that economic theorists have faced the fact that the proposed allocation mechanisms in economies with public goods might have bad incentive properties. In this paper we introduce a new planning procedure such that truthful revelation of the marginal... View Details

Article

Optimal Capital-Gains Taxation under Limited Information

By: Jerry R. Green and Eytan Sheshinski

Taxation of capital gains at realization may distort individuals' decisions regarding holding or selling during an asset's lifetime. This creates the problem of designing a tax structure for capital gains so as to induce efficient patterns of holding and selling.... View Details

Keywords: Capital Gains; Optimal Taxation; Taxation

Article

Satisfactory Mechanisms for Environments with Consumption Lower Bounds

By: Jerry R. Green and Jean-Jacques Laffont

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

Article

Inflation and Taxes in a Growing Economy with Debt and Equity

By: M. Feldstein, Jerry R. Green and Eytan Sheshinski

Our tax system was designed for an economy with little or no inflation. The current paper shows that inflation causes capricious changes in the effective rate of tax on capital income and therefore in the real net rate of return that savers receive. This is not only a... View Details

Keywords: Taxation; Inflation and Deflation; Economy

1978
Chapter

A Sampling Approach to the Free-Rider Problem

By: Jerry R. Green and Jean-Jacques Laffont

1978
Article

A Theorem on the Identifiability of the von Neumann-Morgenstern Utility Function from Asset Demands

By: Jerry R. Green, Lawrence J. Lau and Heraklis Polemarchakis

If the demand for risky assets is determined by the maximization of an analytic van Neumann-Morgenstern utility function, and if these demands are known as a function of the assets’ prices, then this utility function can be constructed without ambiguity. View Details

1978
Chapter

Medical Malpractice and the Propensity to Litigate

By: Jerry R. Green

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

Keywords: Physicians; Economic Equilibrium; Monopolistic Competition; Economic Competition; Medical Care

1978
Article

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

By: Jerry R. Green

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