Churchill Lectures in Economic Theory
Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games has been published by Cambridge University Press (August 2000). Based on three lectures I gave at the University of Cambridge in November 1997, the book shows how to use dynamic matching and bargaining games to provide a strategic foundation for the theory of competitive general equilibrium. To view the contents and download chapters, click here.
 

Comparing Financial Systems
Comparing Financial Systems has been published by MIT Press (January, 2000). Co-authored with Franklin Allen of the Wharton School, the book examines five developed countries (the US, UK, France, Germany and Japan) financial markets have a more important role in some countries while banks have traditionally been more important in others. We ask why these financial systems are so different, whether there is such a thing as an optimal financial system, and whether the "convergence" to market-oriented systems is necessarily a good thing. To view the table of contents and download the first chapter, which contains an overview of the book, click here.