Consider an experiment in which subjects are asked to choose between pairs consisting of a monetary payment and a time-delay at which the payment is delivered. Given a finite set of observations, under what conditions the choices of an individual agent can be rationalised by a discounted utility...

Suppose we observe a finite number of input decisions made by a firm, as well as the prices at which those inputs were acquired.  What conditions on the set of observations are necessary and sufficient for it to be consistent with a firm choosing inputs to maximize profit, subject to a...

This paper develops a test for the presence of alternate bearing and a means of consistently estimating yields for crops whose output varies from year to year for reasons not fully captured by available biological and economic variables. Using these techniques one can better forecast yields than...

In this revised and updated edition, Roy E. Allen documents and explains major financial instabilities and trends across the global economy since the 1970s, including the crisis that began in 2008 and the long boom preceding it.

In Financial Crises and Recession in the Global Economy, Roy E. Allen documents and explains the new uses of money and the new financial and trade flows in the global economic system. Approaching international political economy from an economist’s perspective, he explores the theoretical...

This timely and authoritative book explains the rise and fall of economies in Asia, Central America and Europe since 1980 and discusses these crises in the context of continuing economic globalization. This updated and fully revised edition includes a detailed account of the Mexican crisis of...

This important and timely two-volume collection presents the key issues and processes that surround recent large-scale financial crises – in Asia, Latin America, and elsewhere – and identifies procedures that will help to avoid and manage crises. The articles are drawn from leading journals...