Browsing by Author "Green, Jerry"

Now showing items 1-18 of 18

    • Bilateral Contracts 

      Green, Jerry; Honkapohja, Seppo (Elsevier Science B.V., 1983)
      A mathematical characterization of self-enforcing bilateral contracts is given. Contracts where both parties exercise some control over the quantity traded can sometimes be superior to contracts that rest control entirely ...

    • A Comparison of Tournaments and Contracts 

      Green, Jerry; Stokey, Nancy (University of Chicago Press, 1983)
      Tournaments, reward structures based on rank order, are compared with individual contracts in a model with one risk-neutral principal and many risk-averse agents. Each agent's output is a stochastic function of his effort ...

    • Compensatory Transfers in Two-Player Decision Problems 

      Green, Jerry (Springer Verlag, 2005)
      This paper presents an axiomatic characterization of a family of solutions to two-player quasi-linear social choice problems. In these problems the players select a single action from a set available to them. They may also ...

    • Corporate Financial Policy and Taxation in a Growing Economy 

      Feldstein, Martin; Green, Jerry; Sheshinski, Eytan (MIT Press, 1979)

    • Direct Versus Indirect Remedies for Externalities 

      Green, Jerry; Sheshinski, Eytan (University of Chicago Press, 1976)
      This paper is concerned with tax policies designed to obtain an improved competitive allocation in the presence of consumption externalities. It is known that the full optimum can, in general, be attained only through the ...

    • Disequilibrium Dynamics with Inventories and Anticipatory Price-Setting 

      Green, Jerry; Laffont, Jean-Jacques (Elsevier, 1981)
      This paper studies the sequence of short-run quantity-constrained equilibria of a model with a single storable output, labor and money. The durability of output gives rise to inventory fluctuations which influence the ...

    • The Effects of Interest Rates on Mortgage Prepayments 

      Green, Jerry; Shoven, John (Blackwell Publishing, 1986)
      <p>Three main types of mortgages are fixed interest contracts which automatically fall due on the sale of a dwelling, fixed rate loans which are assumable by a buyer, and floating rate instruments. When interest rates rise, ...

    • Essays in Labor Economics 

      Cook-Stuntz, Elizabeth Ann (2016-05-19)
      In my first chapter, I consider the long-term effects of World War II on women. WWII drew women into the workforce in unprecedented numbers and, often, into atypical occupations. After the war, they returned home where ...

    • Essays in Microeconomic Theory 

      Merrill, Lauren (2012-07-26)
      If the number of individuals is odd, Campbell and Kelly (2003) show that majority rule is the only non-dictatorial strategy-proof social choice rule on the domain of linear orders that admit a Condorcet winner, an alternative ...

    • Essays in Microeconomic Theory and Experimental Economics 

      Baldiga, Katherine (2013-02-22)
      This dissertation consists of three essays on microeconomics. The first two are theoretical papers that address issues in collective decision-making. The last is an experimental paper that explores gender differences in ...

    • Essays on Indices and Matching 

      Shorrer, Ran I. (2015-05-11)
      In many decision problems, agents base their actions on a simple objective index, a single number that summarizes the available information about objects of choice independently of their particular preferences. The first ...

    • Inflation and Taxes in a Growing Economy with Debt and Equity Finance 

      Auerbach, Alan; Sheshinski, Eytan; Feldstein, Martin; Green, Jerry (University of Chicago Press, 1978)
      Our tax system was designed for an economy with little or no inflation. The current paper shows that inflation causes capricious changes in the effective rate of tax on capital income and therefore in the real net rate of ...

    • Let the Right One In: A Microeconomic Approach to Partner Choice in Mutualisms 

      Archetti, Marco; Úbeda, Francisco; Fudenberg, Drew; Green, Jerry R.; Pierce, Naomi Ellen; Yu, Douglas W. (University of Chicago Press, 2011)
      One of the main problems impeding the evolution of cooperation is partner choice. When information is asymmetric (the quality of a potential partner is known only to himself), it may seem that partner choice is not possible ...

    • "Making book against oneself," the Independence Axiom, and Nonlinear Utility Theory 

      Green, Jerry (MIT Press, 1987)
      An individual with known preferences over lotteries can be led to accept random wealth distributions different from his initial endowment by a sequential process in which some uncertainty is resolved and he is offered a ...

    • A Note on the Progressivity of Optimal Public Expenditures 

      Green, Jerry; Sheshinski, Eytan (MIT Press, 1975)

    • Optimal Capital-Gains Taxation Under Limited Information 

      Green, Jerry; Sheshinski, Eytan (University of Chicago Press, 1978)
      Taxation of capital gains at realization may distort individuals' decisions regarding holding or selling during an asset's lifetime. This creates the problem of designing a tax structure for capital gains so as to induce ...

    • Wage-Employment Contracts 

      Green, Jerry; Kahn, Charles M. (MIT Press, 1983)
      This paper studies the efficient agreements about the dependence of workers' earnings on employment, when the employment level is controlled by firms. The firms' superior information about profitability conditions is ...

    • Why Do Companies Pay Dividends? 

      Feldstein, Martin; Green, Jerry (American Economic Association, 1983)
      This paper presents a simple model of market equilibrium to explain why firms that maximize the value of their shares pay dividends even though the funds could instead be retained and subsequently distributed to shareholders ...