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The Journal of Economic Theory

Symposia

Dynamic General Equilibrium

Judgment Aggregation

Monetary and Macro Economics

• Introduction to Monetary and Macro Economics, Narayana Kocherlakota and Randall Wright
• A Model of Banknote Discounts, Laurence Ales, Francesca Carapella, Pricila Maziero, and Warren Weber
• Bank Incentives, Contract Design and Bank Runs, David Andolfatto and Ed Nosal
• Endogenous Supply of Fiat Money, Luis Araujo and Braz Camargo
• Production Subsidies and Redistribution, Marina Azzimonti, Eva de Francisco, and Per Krusell
• Multiplicity in General Financial Equilibrium with Portfolio Constraints, Suleyman Basak, David Cass, Juan Manual Licari, and Anna Pavlova
• Efficient Propagation of Shocks and the Optimal Return on Money, Ricardo Calvalcanti, and Andres Erosa
• A Finite-Life, Private-Information Theory of Unsecured Consumer Debt, Satyajit Chatterjee, Dean Corbae, and Jose-Victor Rios-Rull
• Incentive Efficient Risk Sharing in a Settlement Mechanism, Hiroshi Fujiki, Edward J. Green, and Akira Yamazaki
• Bidding for Money, Benoit Julien, John Kennes, and Ian King
• Injecting Rational Bubbles, Narayana Kocherlakota
• A Dynamic Model of Settlement, Thorsten Koeppl, Cyril Monnet, and Ted Temzelides
• Money and Capital as Competing Media of Exchange, Ricardo Lagos, and Guillaume Rocheteau
• Endogenous Groups and Dynamic Selection in Mechanism Design, Gabriel A. Madeira, and Robert M. Townsend
• General Equilibrium with Nonconvexities and Money, Guillaume Rocheteau, Peter Rupert, Karl Shell, and Randall Wright
• An Overlapping-Generations Model with Search, Tao Zhu

Development Theory

• Introduction to development theory, Debraj Ray, pp. 1-10
• Risk-bearing and entrepreneurship, Andrew F. Newman, pp. 11-26
• Entrepreneurial talent, occupational choice, and trickle up policies, Maitreesh Ghatak, Massimo Morelli and Tomas Sjöström, pp. 27-48
• Intergenerational mobility and macroeconomic history dependence, Dilip Mookherjee and Stefan Napel, pp. 49-78
• Wage inequality, technology, and trade, Joseph Zeira, pp. 79-103
• Knowledge hierarchies in the labor market, Gilles Saint-Paul, pp. 104-126
• Effective property rights, conflict and growth, Francisco M. Gonzalez, pp. 127-139
• Why the marriage squeeze cannot cause dowry inflation, Siwan Anderson, pp. 140-152

Model Uncertainty and Robustness

• Introduction to model uncertainty and robustness, Lars Peter Hansen, Pascal Maenhout, Aldo Rustichini, Thomas J. Sargent and Marciano M. Siniscalchi, pp. 1-3
• Dynamic variational preferences, Fabio Maccheroni, Massimo Marinacci and Aldo Rustichini, pp. 4-44
• Robust control and model misspecification, Lars Peter Hansen, Thomas J. Sargent, Gauhar Turmuhambetova and Noah Williams, pp. 45-90
• A behavioral characterization of plausible priors, Marciano Siniscalchi, pp. 91-135
• Robust portfolio rules and detection-error probabilities for a mean-reverting risk premium, Pascal J. Maenhout, pp. 136-163

Learning and Bounded Rationality

• Introduction to learning and bounded rationality, In-Koo Cho, pp. 127-128
• Learning to play games in extensive form by valuation, Philippe Jehiel and Dov Samet, pp. 129-148
• Excess payoff dynamics and other well-behaved evolutionary dynamics, William H. Sandholm, pp. 149-170
• Learning aspiration in repeated games, In-Koo Cho and Akihiko Matsui, pp. 171-201
• Coordination on saddle-path solutions: the eductive viewpoint-linear multivariate models, George W. Evans and Roger Guesnerie, pp. 202-229
• Slow boom, sudden crash, Laura L. Veldkamp, pp. 230-257
• Robust estimation and control under commitment, Lars Peter Hansen and Thomas J. Sargent, pp. 258-301

Monetary Policy and Capital Accumulation

• Introduction to monetary policy and capital accumulation, Jess Benhabib, Charles T. Carlstrom and Timothy S. Fuerst, pp. 1-3
• Investment and interest rate policy: a discrete time analysis, Charles T. Carlstrom and Timothy S. Fuerst, pp. 4-20
• New perspectives on capital, sticky prices, and the Taylor principle, Tommy Sveen and Lutz Weinke, pp. 21-39
• The design of monetary and fiscal policy: A global perspective, Jess Benhabib and Stefano Eusepi, pp. 40-73

Macroeconomics of Global Capital Market Imperfections

• Introduction: Macroeconomic Implications of Capital Flows in a Global Economy, Ravi Bansal, Lawrence J. Christiano and Enrique G. Mendoza pp. 1-5
• A Corporate Balance-Sheet Approach to Currency Crises, Philippe Aghion, Philippe Bacchetta and Abhijit Banerjee pp 6-30
• Government Guarantees and Self-Fulfilling Speculative Attacks, Craig Burnside, Martin Eichenbaum and Sergio Rebelo pp 31-63
• Monetary Policy in a Financial Crisis, Lawrence J. Christiano, Christopher Gust and Jorge Roldos pp 64-103
• Smoothing Sudden Stops, Ricardo J. Caballero and Arvind Krishnamurthy pp. 104-127
• Financial Crises as Herds: Overturning the Critiques, V. V. Chari and Patrick J. Kehoe pp. 128-150
• Contagion of Self-Fulfilling Financial Crises Due to Diversification of Investment Portfolios, Itay Goldstein and Ady Pauzner pp. 151-183
• Competitive Equilibria with Limited Enforcement, Patrick J. Kehoe and Fabrizzio Perri pp. 184-206
• Financial Globalization and Real Regionalization, Jonathan Heathcote and Fabrizzio Perri pp. 207-243

Sunspots and Lotteries

• Introduction to Sunspots and Lotteries Edward C. Prescott, Karl Shell pp. 1-10
• Symposium Equilibrium Prices When the Sunspot Variable Is Continuous Rod Garratt, Todd Keister, Cheng-Zhong Qin, Karl Shell pp. 11-38
• Lotteries, Sunspots, and Incentive Constraints Timothy J. Kehoe, David K. Levine, Edward C. Prescott pp. 39-69

General Equilibrium Approach to Economic Growth

• Introduction to a General Equilibrium Approach to Economic Growth Christian Ghiglino pp. 1-17
• Factor Saving Innovation Michele Boldrin, David K. Levine pp. 18-41
• Equilibrium Welfare and Government Policy with Quasi-geometric Discounting Per Krusell, Burhanettin Kurusçu, Anthony A.Smith, Jr. pp. 42-72
• On Non-existence of Markov Equilibria in Competitive-Market Economies Manuel S. Santos pp. 73-98
• Equilibrium Dynamics in a Two-Sector Model with Taxes Salvador Ortigueira, Manuel S. Santos pp. 99-119
• Poverty Traps, Indeterminacy, and the Wealth Distribution Christian Ghiglino, Gerhard Sorger pp. 120-139
• Intersectoral Externalities and Indeterminacy Kazuo Nishimura, Alain Venditti pp. 140-157
• Optimal Growth Models with Bounded or Unbounded Returns: A Unifying Approach Cuong Le Van, Lisa Morhaim pp. 158-187
• Ramsey Equilibrium in a Two-Sector Model with Heterogeneous Households Robert A. Becker, Eugene N. Tsyganov pp. 188-225
• On the Long-Run Distribution of Capital in the Ramsey Model Gerhard Sorger pp. 226-243
• Trade and Indeterminacy in a Dynamic General Equilibrium Model Kazuo Nishimura, Koji Shimomura pp. 244-260

Experimental Game Theory

• Introduction to Experimental Game Theory Vincent P. Crawford pp. 1-15
• Detecting Failures of Backward Induction: Monitoring Information Search in Sequential Bargaining Eric J. Johnson, Colin Camerer, Sankar Sen, Talia Rymon pp. 16-47
• A Backward Induction Experiment Ken Binmore, John McCarthy, Giovanni Ponti, Larry Samuelson, Avner Shaked pp. 48-88
• Implementation by Iterative Dominance and Backward Induction: An Experimental Comparison Elena Katok, Martin Sefton, Abdullah Yavas pp. 89-103
• A Suggested Interpretation of Some Experimental Results on Preplay Communication Miguel A. Costa-Gomes pp. 104-136
• Sophisticated Experience-Weighted Attraction Learning and Strategic Teaching in Repeated Games Colin F. Camerer, Teck-Hua Ho, Juin-Kuan Chong pp. 137-188
• Mixed Strategy Play and the Minimax Hypothesis Jason M. Shachat pp. 189-226
• Prudence, Justice, Benevolence, and Sex: Evidence from Similar Bargaining Games John Van Huyck, Raymond Battalio pp. 227-246
• Quantal Response Equilibrium and Overbidding in Private-Value Auctions Jacob K. Goeree, Charles A. Holt, Thomas R. Palfrey pp. 247-272

Political Science

• Introduction to Political Science David Austen-Smith, Jeffrey S. Banks, Aldo Rustichini pp. 1-10
• Uniqueness of Stationary Equilibrium Payoffs in the Baron-Ferejohn Model Hülya Eraslan pp. 11-30
• Majority Rule in a Stochastic Model of Bargaining Hülya Eraslan, Antonio Merlo pp. 31-48
• Coalition and Party Formation in a Legislative Voting Game Matthew O. Jackson, Boaz Moselle pp. 49-87
• Bounds for Mixed Strategy Equilibria and the Spatial Model of Elections Jeffrey S. Banks, John Duggan, Michel Le Breton pp. 88-105
• Distributive Politics and Electoral Competition Jean-François Laslier, Nathalie Picard pp. 106-130
• Mixed Equilibrium in a Downsian Model with a Favored Candidate Enriqueta Aragones, Thomas R. Palfrey pp. 131-161
• Campaign Spending with Office-Seeking Politicians, Rational Voters, and Multiple Lobbies Andrea Prat pp. 162-189
• Voting by Successive Elimination and Strategic Candidacy Bhaskar Dutta, Matthew O. Jackson, Michel Le Breton pp. 190-218
• Comparison of Scoring Rules in Poisson Voting Games Roger B. Myerson pp. 219-251

Repeated Games with Private Monitoring

• Introduction to Repeated Games with Private Monitoring Michihiro Kandori pp. 1-15
• Moral Hazard and Private Monitoring V. Bhaskar, Eric van Damme pp. 16-39
• Belief-Based Equilibria in the Repeated Prisoners' Dilemma with Private Monitoring V. Bhaskar, Ichiro Obara pp. 40-69
• The Repeated Prisoner's Dilemma with Imperfect Private Monitoring Michele Piccione pp. 70-83
• A Robust Folk Theorem for the Prisoner's Dilemma Jeffrey C. Ely, Juuso Välimäki pp. 84-105
• On Sustaining Cooperation without Public Observations Olivier Compte pp. 106-150
• On Failing to Cooperate When Monitoring Is Private Olivier Compte pp. 151-188
• Repeated Games with Almost-Public Monitoring George J. Mailath, Stephen Morris pp. 189-228
• Collusion in Dynamic Bertrand Oligopoly with Correlated Private Signals and Communication Masaki Aoyagi pp. 229-248

Monetary and Financial Arrangements

• Introduction to Monetary and Financial Arrangements Bruce D. Smith pp. 1-21
• Limited Commitment, Money, and Credit Saqib Jafarey, Peter Rupert pp. 22-58
• Private and Public Circulating Liabilities Costas Azariadis, James Bullard, Bruce D. Smith pp. 59-116
• Cigarette Money Kenneth Burdett, Alberto Trejos, Randall Wright pp. 117-142
• Dynamic Consequences of Stabilization Policies Based on a Return to a Gold Standard Beatrix Paal pp. 143-186
• Monetary Stability and Liquidity Crises: The Role of the Lender of Last Resort Gaetano Antinolfi, Elisabeth Huybens, Todd Keister pp. 187-219
• A Model of Financial Fragility Roger Lagunoff, Stacey L. Schreft pp. 220-264
• Volatile Policy and Private Information: The Case of Monetary Shocks Larry E. Jones, Rodolfo E. Manuelli pp. 265-296
• Payments Systems Design in Deterministic and Private Information Environments Ted Temzelides, Stephen D. Williamson pp. 297-326
• When Should Bank Regulation Favor the Wealthy? Pere Gomis-Porqueras pp. 327-337
• On Credible Monetary Policy and Private Government Information Christopher Sleet pp. 338-376

Evolution of Preferences

• Introduction to the Evolution of Preferences Larry Samuelson pp. 225-230
• On the Evolution of Individualistic Preferences: An Incomplete Information Scenario Efe A. Ok, Fernando Vega-Redondo pp. 231-254
• Nash Equilibrium and the Evolution of Preferences Jeffrey C. Ely, Okan Yilankaya pp. 255-272
• Preference Evolution and Reciprocity Rajiv Sethi, E. Somanathan pp. 273-297
• The Economics of Cultural Transmission and the Dynamics of Preferences Alberto Bisin, Thierry Verdier pp. 298-319
• Analogies, Adaptation, and Anomalies Larry Samuelson pp. 320-366

Intertemporal Equilibrium Theory: Indeterminacy, Bifurcations, and Stability

• Introduction to Intertemporal Equilibrium Theory: Indeterminacy, Bifurcations, and Stability Tapan Mitra, Kazuo Nishimura pp. 1-12
• Growth Cycles and Market Crashes Michele Boldrin, David K. Levine pp. 13-39
• The Perils of Taylor Rules Jess Benhabib, Stephanie Schmitt-Grohé, Martín Uribe pp. 40-69
• Growth Dynamics and Returns to Scale: Bifurcation Analysis Gaetano Antinolfi, Todd Keister, Karl Shell pp. 70-96
• Chaotic Equilibrium Dynamics in Endogenous Growth Models Michele Boldrin, Kazuo Nishimura, Tadashi Shigoka, Makoto Yano pp. 97-132
• A Sufficient Condition for Topological Chaos with an Application to a Model of Endogenous Growth Tapan Mitra pp. 133-152
• A Spatial-Temporal Model of Human Capital Accumulation Venkatesh Bala, Gerhard Sorger pp. 153-179
• Optimal Environmental Management in the Presence of Irreversibilities José A. Scheinkman, Thaleia Zariphopoulou pp. 180-207
• On a Class of Stable Random Dynamical Systems: Theory and Applications Rabi Bhattacharya, Mukul Majumdar pp. 208-229
• Determinacy of Equilibrium in an Overlapping Generations Model with Heterogeneous Agents Carine Nourry, Alain Venditti pp. 230-255
• Discounting and Long-Run Behavior: Global Bifurcation Analysis of a Family of Dynamical Systems Tapan Mitra, Kazuo Nishimura pp. 256-293

Symposium on Political Economy

• Limits of Markets and Limits of Governments: An Introduction to a Symposium on Political Economy V. V. Chari pp. 1-6
• Large Poisson Games Roger B. Myerson pp. 7-45
• Government Turnover in Parliamentary Democracies Daniel Diermeier, Antonio Merlo pp. 46-79
• Political Power and the Credibility of Government Debt Avinash Dixit, John Londregan pp. 80-105
• The Economic Effects of Restrictions on Government Budget Deficits Christian Ghiglino, Karl Shell pp. 106-137

Modeling Money and Studying Monetary Policy

• Introduction to Modeling Money and Studying Monetary Policy Neil Wallace pp. 223-231
• Money Is Memory Narayana R. Kocherlakota pp. 232-251
• A Rudimentary Random-Matching Model with Divisible Money and Prices Edward J. Green, Ruilin Zhou pp. 252-271
• Incomplete Record-Keeping and Optimal Payment Arrangements Narayana Kocherlakota, Neil Wallace pp. 272-289
• Government Transaction Policy, Media of Exchange, and Prices Yiting Li, Randall Wright pp. 290-313
• Search for a Monetary Propagation Mechanism Shouyong Shi pp. 314-352
• Financial Market Frictions, Monetary Policy, and Capital Accumulation in a Small Open Economy Elisabeth Huybens, Bruce D. Smith pp. 353-400
• Price Level Volatility: A Simple Model of Money Taxes and Sunspots Joydeep Bhattacharya, Mark G. Guzman, Karl Shell pp. 401-430
• Credible Monetary Policy in an Infinite Horizon Model: Recursive Approaches Roberto Chang pp. 431-461
• Expectation Traps and Discretion V. V. Chari, Lawrence J. Christiano, Martin Eichenbaum pp. 462-492

Sunspots in Macroeconomics

• Introduction to Sunspots in Macroeconomics Jess Benhabib pp. 1-6
• Capacity Utilization under Increasing Returns to Scale Yi Wen pp. 7-36
• Fickle Consumers, Durable Goods, and Business Cycles Mark Weder pp. 37-57
• Indeterminacy and Sunspots with Constant Returns Jess Benhabib, Kazuo Nishimura pp. 58-96

Market Psychology and Nonlinear Endogenous Business Cycles

• Introduction to Market Psychology and Nonlinear Endogenous Business Cycles Jean-Michel Grandmont pp. 1-13
• Capital-Labor Substitution and Competitive Nonlinear Endogenous Business Cycles Jean-Michel Grandmont, Patrick Pintus, Robin de Vilder pp. 14-59
• Multiple Steady States and Endogenous Fluctuations with Increasing Returns to Scale in Production Guido Cazzavillan, Teresa Lloyd-Braga, Patrick A. Pintus pp. 60-107
• Correlation without Mediation: Expanding the Set of Equilibrium Outcomes by "Cheap" Pre-play Procedures Elchanan Ben-Porath pp. 108-122
• Aggregation, Determinacy, and Informational Efficiency for a Class of Economies with Asymmetric Information Peter DeMarzo, Costis Skiadas pp. 123-152
• On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute Is Limited Jean-Pierre Amigues, Pascal Favard, Gérard Gaudet, Michel Moreaux pp. 153-170
• Partial Revelation with Rational Expectations Aviad Heifetz, Heracles M. Polemarchakis pp. 171-181

Financial Market Innovation and Security Design

• Financial Market Innovation and Security Design: An Introduction Darrell Duffie, Rohit Rahi pp. 1-42
• Welfare Effects of Financial Innovation in Incomplete Markets Economies with Several Consumption Goods Ronel Elul pp. 43-78
• Financial Innovation in a General Equilibrium Model Wolfgang Pesendorfer pp. 79-116
• Financial Innovation and Arbitrage Pricing in Frictional Economies Zhiwu Chen pp. 117-135
• Destructive Interference in an Imperfectly Competitive Multi-Security Market Utpal Bhattacharya , Philip J. Reny, Matthew Spiegel pp. 136-170
• Optimal Incomplete Markets with Asymmetric Information Rohit Rahi pp. 171 -197
• Endogenous Determination of the Degree of Market-Incompleteness in Futures Innovation Kazuhiko Hashi pp. 198-217
• Optimality of Incomplete Markets Gabrielle Demange , Guy Laroque pp. 218-232
• Private Information and the Design of Securities Gabrielle Demange , Guy Laroque pp. 233-257
• Commission-Revenue Maximization in a General Equilibrium Model of Asset Creation Chiaki Hara pp. 258-298

Growth, Fluctuations, and Sunspots: Confronting the Data

• Introduction to the Symposium on Growth, Fluctuations, and Sunspots: Confronting the Data Jess Benhabib, Aldo Rustichini pp. 1-18
• Indeterminacy and Increasing Returns Jess Benhabib, Roger E. A. Farmer pp. 19-41
• Real Business Cycles and the Animal Spirits Hypothesis Roger E. A. Farmer, Jang-Ting Guo pp. 42-72
• Monopolistic Competition, Business Cycles, and the Composition of Aggregate Demand Jordi Galí pp. 73-96
• Divergence in Economic Performance: Transitional Dynamics with Multiple Equilibria Danyang Xie pp. 97-112
• Uniqueness and Indeterminacy: On the Dynamics of Endogenous Growth Jess Benhabib, Roberto Perli pp. 113-142