Last Modified: May 19th, 2008

"When Should Firms Invest in Old Capital?" International Journal of Economic Theory, forthcoming.

"Occupational Choice and Development" (with Eeckhout)

"Bubbles in Prices of Exhaustible Resources"

"Optimal Migration: A World Perspective." (with Jess Benhabib)

"Creative Destruction in Industries" (with C. Tse)

"On the Return to Venture Capital" (with Szentes)

"Investment Options and the Business Cycle", JET, forthcoming.

"The Technology Cycle and Inequality"

"Asymmetric Cycles." Review of Economic Studies, January 2006.

"Shakeouts and Market Crashes" (with Barbarino), IER, May 2007.

"General Purpose Technologies" (with Rousseau). Handbook of Economic Growth, Volume 1B. Edited by Philippe Aghion and Steven N. Durlauf (c) 2005 Elsevier B.V.

"Mergers as Reallocation." (with Rousseau), Review of Economics & Statistics, forthcoming.

"Bidder Discounts and Target Premia In Takeovers" (with Braguinsky), AER, March 2004.

"Knowledge Spillovers and Inequality" (with Jan Eeckhout), AER, December 2002.

"Two Technological Revolutions" (with Rousseau), EER April 2003.

"The Q-Theory of Mergers." (with Peter L. Rousseau), AEA Papers & Proc., May 2002

"Moore's Law and Learning by Doing," (with Rousseau), RED, April 2002

"Why Wait? A Century of Life Before IPO" (with Rousseau), AEA Papers & Proc., May 2001. [Age Data (.xsl)]

"Fitness and Age," Journal of Economic Literature, March 2001.

"Vintage Organization Capital: 1885-1998" (with Rousseau), NBER WP# 8166. [Pre-CRSP Data(.xsl)]

Wall Street Journal Article (June 12, 2000) on this paper. Page 1 - Page 2
Christian Science Monitor Article (June 21, 2000) on this paper.
National Post Article (June 30, 2000).
Teleboerse interview (June 27, 2000). Page 1 - Page 2
Wall Street Journal Article (March 20, 2001). Page 1

"The IT Revolution and the Stock Market: Evidence," (with Bart Hobijn), AER December 2001.

"The IT Revolution and the Stock Market," (with Jeremy Greenwood), AEA Papers and Proceedings, May 1999.

Business Week Article, (March 1, 1999), on this paper.
Wall Street Journal Article, (August 30, 1999), on this paper.
Business Week Editorial, (September 13, 1999) on this paper.

"Liquidity Effects in the Bond Market" (with Rousseau) Economic Perspectives 2001 Q4. The NBER WP 8597 which contains the formal model: http://papers.nber.org/papers/w8597.pdf

"Accounting for Growth," (with Jeremy Greenwood), in the NBER volume New Directions in Productivity Analysis edited by Edwin Dean, Michael Harper and Charles Hulten.

"Vintage Capital and Inequality," Review of Economic Dynamics 1, no. 2, (April 1998): 497 - 530.

"Optimal Adoption of Complementary Technologies," (with Dmitriy Stolyarov), American Economic Review, March 2000.

"Michael Gort's Contribution to Economics," Review of Economic Dynamics 1, no. 2, (April 1998): 327 - 337.