This paper develops a simple approximation method for computing equilibrium portfolios in dynamic general equilibrium open economy macro models. The method is widely applicable, simple to implement, and gives analytical solutions for equilibrium portfolio positions in any combination or types of...

Finn Kydland, a Dallas Fed consultant since 1994, shared the 2004 Nobel Prize in economics with Edward C. Prescott for their groundbreaking work incorporating decisionmaking by individuals, households and firms into economic models.

This chapter provides an overview of the recent and growing econometric literature studying how consumers search for products. We begin with a brief review of theoretical models of search that have been influential in guiding empirical work. We then discuss the marketing literature on...

How to Divide When There Isn't Enough develops a rigorous yet accessible presentation of the state-of-the-art for the adjudication of conflicting claims and the theory of taxation. It covers all aspects one may wish to know about claims problems: the most important rules, the most important...

Introduction -- Models and structures -- The structuralist view of theories -- Idealization and concretization -- Measurement -- A general concept of an economy -- Preference and utility -- The logical structure of game theory -- Abstract labor and labor value -- Classical economics -- The...