Machine generated contents note: Part I. Wealth and Health Insurance 2. Macro Markets and FinancialSecurity 23 -- Stefano Athanasoulis, Robert Shiller, and Eric van Wincoop -- 3. Gene Insurance 47 -- Alexander Tabarrok -- 4. Time-Consistent Health Insurance 53 -- John H. Cochrane -- Part II. The...

This paper models the interactions among technological innovation, product market competition and information leakage via the stock market. There are two firms who compete in a product market and have an opportunity to invest in a risky technology either early on as a leader or later once stock...

An endogenous growth model is developed where each period firms invest in researching and developing new ideas. An idea increases a firm's productivity. By how much depends on how central the idea is to a firm's activity. Ideas can be bought and sold on a market for patents. A firm can sell an...

An endogenous growth model is developed where each period firms invest in researching and developing new ideas. An idea increases a firm's productivity. By how much depends on how central the idea is to a firm's activity. Ideas can be bought and sold on a market for patents. A firm can sell an...