Not Listed in Paper

I illustrate a search theoretic environment that allows endogenous determination of number of trade facilitators and markup charged on mediated sales. Developed around Kiyotaki and Wright's (1989) exchange economy, the study relaxes the assumptions of exogenous prices and distribution of agents...

Using a search-theoretic model where education's productive role is endogenous, we study the theoretical ramifications of separating human capital accumulation from educational investment decisions.

We study the endogenous determination of the trading mechanism in a search economy with a continuum of homogenous sellers and heterogeneous buyers.

A simple auction-theoretic framewoek is used to examine symmetric litigation environmentswhere the legal ownership of a disputed asset is unknown by the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....

One of the main challenges for monetary economics is to explain the use of assets that are dominated in rate-of-return as media of exchange. In this paper, we use experimental methods to study how a fiat money might come to be used in transactions when an identically marketable, dividend-bearing...

An inter-governmental body is encouraging the replacement of currency with the objective of discouraging illegal economic activities. This policy is analyzed in a search-theoretic monetary economy with government enforcement. Individuals choose a legal or illegal production and settle trades via...

In this paper, we examine the productivity of commercial activity by US universities in the past six years. While it is generally acknowledged that there has been a dramatic increase in university licensing and patenting, there is little understanding as to the extent to which this is the result...

While the empirical relationship between order of market entry and firm survival has not been established, conventional wisdom describes how the market pioneer faces the greatest market and technological uncertainty. Memorable phrases reflect the associated survival risk, such as "the first to...

In this paper we use an experimental approach to study the decisions of human subjects who are given cash incentives to solve a particular representative agent dynamic model widely studied in macroeconomics. In a representative agent dynamic model, an economy is modelled as a single decision...