Search Results - "Geanakoplos, J"

Competitive Pooling: Rothschild-Stiglitz Reconsidered by Dubey, Pradeep, Geanakoplos, John

“…We build a model of competitive pooling, which incorporates adverse selection and signaling into general equilibrium. Pools are characterized by their quantity…”
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Markets and contracts by Bisin, A., Geanakoplos, J.D., Gottardi, P., Minelli, E., Polemarchakis, H.

“…Economies with asymmetric information are encompassed by an extension of the model of general competitive equilibrium that does not require an explicit…”
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Asymptotic Behavior of a Stochastic Discount Rate by Geanakoplos, J., Sudderth, W., Zeitouni, O.

“…The mean discount rate for a simple stochastic model behaves asymptotically roughly like $1/\sqrt n $ in contrast to the usual geometric discounting in a…”
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Stationary Markov Equilibria by Duffie, D., Geanakoplos, J., Mas-Colell, A., McLennan, A.

“…We establish conditions which (in various settings) guarantee the existence of equilibria described by ergodic Markov processes with a Borel state space S. Let…”
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Why does bad news increase volatility and decrease leverage? by Fostel, Ana, Geanakoplos, John

“…A recent literature shows how an increase in volatility reduces leverage. However, in order to explain pro-cyclical leverage it assumes that bad news increases…”
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International finance in general equilibrium by Geanakoplos, J.D, Tsomocos, D.P

“…Our purpose in this paper is to unify international trade and finance in a single general equilibrium model. Our model is rich enough to include multiple…”
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Three Brief Proofs of Arrow's Impossibility Theorem by Geanakoplos, John

“…Arrow's original proof of his impossibility theorem proceeded in two steps: showing the existence of a decisive voter, and then showing that a decisive voter…”
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Default and Punishment in General Equilibrium by Dubey, Pradeep, Geanakoplos, John, Shubik, Martin

“…We extend the standard model of general equilibrium with incomplete markets to allow for default and punishment by thinking of assets as pools. The…”
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Grading exams: 100,99,98,... or A, B, C? by Dubey, Pradeep, Geanakoplos, John

“…We introduce grading into games of status. Each player chooses effort, producing a stochastic output or score. Utilities depend on the ranking of all the…”
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A strategic market game with active bankruptcy by Geanakoplos, J., Karatzas, I., Shubik, M., Sudderth, W.

“…We construct stationary Markov equilibria for an economy with fiat money, one nondurable commodity, countably many time periods, and a continuum of agents. The…”
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Introduction to general equilibrium by Balasko, Yves, Geanakoplos, John

“…This introduces the symposium on general equilibrium. All rights reserved, Elsevier…”
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Common Knowledge by Geanakoplos, John

“…An event is common knowledge among a group of agents if each one knows it, if each one knows that the others know it, if each one knows that each one knows…”
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MANAGING THE LEVERAGE CYCLE by Geanakoplos, John

“…The author gives his view on what went wrong in the 2008 crisis and suggests ways to avoid future crises. He also suggests ways to emerge from the current…”
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Credit cards and inflation by Geanakoplos, John, Dubey, Pradeep

“…The introduction and widespread use of credit cards increases trading efficiency but, by also increasing the velocity of money, it causes inflation, in the…”
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Walrasian Indeterminacy and Keynesian Macroeconomics by Geanakoplos, J. D., Polemarchakis, H. M.

“…Overlapping generations models with or without production or a portfolio demand for money display a fundamental indeterminacy. Expectations matter; and they…”
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Nash and Walras Equilibrium via Brouwer by Geanakoplos, John

“…The existence of Nash and Walras equilibrium is proved via Brouwer's Fixed Point Theorem, without recourse to Kakutani's Fixed Point Theorem for…”
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Determinacy with Nominal Assets and outside Money by Dubey, Pradeep, Geanakoplos, John

“…We build a finite horizon model with inside and outside money, in which interest rates, price levels and commodity allocations are determinate, even though…”
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Social Security Investment in Equities by Diamond, Peter, Geanakoplos, John

“…This paper explores the general-equilibrium impact of social security portfolio diversification into private securities, either through the trust fund or…”
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On the Disaggregation of Excess Demand Functions by Geanakoplos, J. D., Polemarchakis, H. M.

“…We solve the problem of the restrictions imposed on the Jacobian A at prices p̄ of the aggregate excess demand function x(p) of m agents in an exchange economy…”
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Demography and the Long-Run Predictability of the Stock Market by Geanakoplos, John, Magill, Michael, Quinzii, Martine

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