Economic Theory
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This paper studies a general class of pure exchange economies that have multiple equilibria, which...
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There are n boys and m girls. The boys are all expected utility maximizers and...
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Students in a large principles class participated in a market experiment in which they had...
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This paper addresses the question of whether our evolutionary history suggests that humans are likely...
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In many applications,assumptions about the log-concavity of a probability distribution allow just enough special structure...
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Edward Chamberlin conjectured that the number of trades in realistic trading systems is likely to...
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The paper generalizes theorems of Ky Fan and Hugo Sonnenschein on the existence of maximal...
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A retrospective on Vernon Smith's contributions to experimental economics, written for the Scandinavian Journal of...
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How selfish does our evolutionary history suggest that humans will be? We explore models in...
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Suppose that each person's utility depends on his or her own consumption as well as...
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How do rats and squirrels decide how much to hoard for the winter when they...
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In 1951, Paul Samuelson showed that a surprisingly rich class of economies the production possibility...
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If viewers prefer to watch the news as soon as they get home from work,...
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If viewers prefer to watch television as soon as they get home from work, how...
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Consider a public utility that offers its service at two different times. We study the...
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Gary Becker's ``Rotten Kid Theorem'' asserts that if all family members receive gifts of money...
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This paper was written in the form of two puzzles. One puzzle concerns Romeo and...
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This paper shows that if workers have identical wealths, abilities, and preferences then a draft...
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We present examples of Nash equilibria that do not vary with the distribution of a...
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A question with a nice clean answer. When do market games have transferable utility? Subject...
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One remark explains how Cournot equilibrium responds to taxation on the duopolists. (To maximize revenue,...
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When is the Pareto optimal amount of public goods independent of income distribution? Subject to...
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Can Courtship be Cheatproof? (with Richard Manning), Department of Economics, UCSB (1983)
In 1983, I told Richard Manning about Gale and Shapley's beautiful 1962 paper on matching....
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A Nash equilibria of the Groves-Ledyard mechanism is Pareto optimal. But this may not be...
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This paper develops a "subjectivist" theory of the value that individuals place on risks to...
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This paper finds the conditions under which an allocation branch can determine the efficient amount...
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Cournot's classic oligopoly model has two mineral water sellers whose products are perfect substitutes. Cournot...
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This paper contains a proof of the existence of Lindahl equilibrium in a very general...
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This paper shows how to prove the existence of competitive equilibrium without assuming either monotonic...
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Preferences Which Have Open Graphs (with Robert Parks and Trout Rader), Department of Economics, UCSB (1976)
Gale and Mas-Collel and Shafer and Sonnenschein introduced powerful new theorems on the existence of...
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This paper generalizes results of Ky Fan and Hugo Sonnenschein on the existence of maximal...
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This paper proves that a continuous acyclic relation takes a maximal element on any compact...
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The alpha-core is defined to be the set of feasible allocations such that no coalition...
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This paper shows how to relax several of the standard assumptions used to prove the...
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This paper was my attempt to build a theory of "public factors of production" such...
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This paper presents a model of interrelated preferences for pairs of individuals. It investigates the...
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A famous paper by Conrad and Meyer calculates that on the eve of the American...
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If Persons A and B are both benevolent to C, then a gift from A...
Economics of Altruism
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Transplants of donated stem cells save the lives of many patients with blood diseases. Donation...
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The article focuses on the economics of family partnerships. It states an allegory involving a...
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This paper explores the way that assortative matching can maintain cooperative behavior under evolutionary dynamics.
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Alexander Field was not convinced of a result that I claimed in my JEP 2001...
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How selfish does our evolutionary history suggest that humans will be? We explore models in...
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Suppose that each person's utility depends on his or her own consumption as well as...
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This paper explores the evolutionary foundations of altruism among siblings and extends biologists' kin-selection theory...
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This paper presents a model of interrelated preferences for pairs of individuals. It investigates the...
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If Persons A and B are both benevolent to C, then a gift from A...
Economics of Publications
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The impact factor of an academic journal for any year is the number of times...
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To answer the question of the paper's title, we looked at the tables of contents...
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The economics of ecology journals (with Carl T. Bergstrom), Frontiers in Ecology and Evolution (2007)
Large commercial publishers charge dramatically higher prices to institutions than do non-profit publishers. These price...
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Here are two comments published by the JEP on my 2001 journals paper my response....
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When academic journals were distributed only as paper editions, the obvious way for scholars to...
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Commercial publishers charge libraries about 6 times as much per page and 16 times as...
Economics of the Family
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William Hamilton developed the biological theory of kin selection before game theory became familiar to...
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The theory of parent-offspring conflict predicts that mothers and their offspring may not agree about...
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This paper is an advertisement for some facts and ideas that I think likely to...
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In an earlier paper Courtship as a Waiting Game, Mark Bagnoli and I proposed a...
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This review explores the theory of household technology and the associated possibilities for distributing utility...
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Courtship As A Waiting Game (with Mark Bagnoli), Department of Economics, UCSB (1993)
In most times and places, women on average marry men who are older than...
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Courtship as a Waiting Game (with Mark Bagnoli), Journal of Political Economy (1993)
In most times and places, women on average, marry older men. We suggest a partial...
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Gary Becker's ``Rotten Kid Theorem'' asserts that if all family members receive gifts of money...
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Gary Becker's ``Rotten Kid Theorem'' asserts that if all family members receive gifts of money...
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Large, short-run fluctuations in the birth rate have been an important demographic feature of industrialized,...
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We develop a model of marriage market equilibrium that can be used to study effects...
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This paper was written in the form of two puzzles. One puzzle concerns Romeo and...
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If event histories are recorded in discrete intervals of times, errors are introduced when the...
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Can Courtship be Cheatproof? (with Richard Manning), Department of Economics, UCSB (1983)
In 1983, I told Richard Manning about Gale and Shapley's beautiful 1962 paper on matching....
Evolution and Economics
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The article focuses on the economics of family partnerships. It states an allegory involving a...
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This paper addresses the question of whether our evolutionary history suggests that humans are likely...
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Scientific publishing is rapidly shifting from a paper-based system to one of predominantly electronic distribution,...
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This paper explores the way that assortative matching can maintain cooperative behavior under evolutionary dynamics.
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Alexander Field was not convinced of a result that I claimed in my JEP 2001...
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How selfish does our evolutionary history suggest that humans will be? We explore models in...
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How selfish does our evolutionary history suggest that humans will be? We explore models in...
PDF
William Hamilton developed the biological theory of kin selection before game theory became familiar to...
PDF
The theory of parent-offspring conflict predicts that mothers and their offspring may not agree about...
PDF
How do rats and squirrels decide how much to hoard for the winter when they...
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This paper explores the evolutionary foundations of altruism among siblings and extends biologists' kin-selection theory...
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This paper explores the workings of stratified societies in which there is primogeniture and where...
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About 80% of all societies recorded by anthropologists are polygynous (men have many wives). Even...
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This paper considers a series of examples in which evolution supports cooperative behavior in single-shot...
Health Economics
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Transplants of donated stem cells save the lives of many patients with blood diseases. Donation...
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This paper incorporates medical insurance, life insurance, annuities, and the value of risks to human...
Public Finance
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Transplants of donated stem cells save the lives of many patients with blood diseases. Donation...
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This paper addresses the question of whether our evolutionary history suggests that humans are likely...
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How should benefit-cost analysis account for the value that benevolent individuals place on other people's...
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The net present value of costs and benefits from a pay-as-you-go social security system are...
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One of the most disconcerting results in welfare economics is the "paradox of the second...
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Can the government get people to contribute more to public goods by subsidizing voluntary contributions....
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This paper presents a theoretical model of political support for public provision of day care....
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This little paper is presented in the form of two puzzles. It shows that simple...
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This paper conducts an empirical test of whether local governments spend more or less than...
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This paper shows that if workers have identical wealths, abilities, and preferences then a draft...
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We consider a general model of the non-cooperative provision of a public good. Under very...
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Mineral deposits in Australia are generally owned by states. Exploration licenses and mining leases are...
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When is the Pareto optimal amount of public goods independent of income distribution? Subject to...
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A Nash equilibria of the Groves-Ledyard mechanism is Pareto optimal. But this may not be...
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This paper develops a "subjectivist" theory of the value that individuals place on risks to...
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We devise and apply a new method for estimating demand for local public goods from...
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This paper argues that since the supply of oil in the ground is inelastic, the...
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This paper finds the conditions under which an allocation branch can determine the efficient amount...
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This paper extends Bowen's theorem on the efficiency of majority-chosen public expenditures. It also discusses...
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H.R. Bowen showed that if voters have equal tax shares and if marginal rates of...
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This paper contains a proof of the existence of Lindahl equilibrium in a very general...
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This paper presents a general equilibrium model with marketable pollution permits. It shows that competitive...
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This paper develops a method for using data for a large cross-section of municipalities relating...
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This note was inspired by a 1970 JPE paper by Robin Barlow, who claimed that...
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This paper was my attempt to build a theory of "public factors of production" such...
Resource Economics
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Consider a public utility that offers its service at two different times. We study the...
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Mineral deposits in Australia are generally owned by states. Exploration licenses and mining leases are...
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This paper argues that since the supply of oil in the ground is inelastic, the...
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We show that for a depletable resource, if the competitive time path of prices is...
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This paper presents a general equilibrium model with marketable pollution permits. It shows that competitive...
Teaching Economics
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This paper describes techniques that I use to teach economics principles "interactively". These techniques include...
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Students in a large principles class participated in a market experiment in which they had...
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Edward Chamberlin, who initiated classroom market experiences, used the results of his experiments to argue...
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Edward Chamberlin conjectured that the number of trades in realistic trading systems is likely to...
