Economic Theory Commons^™

Teaching The Ethical Foundations Of Economics, Jonathan B. Wight

Economics Faculty Publications

Some economists consider their discipline a science, and thereby divorced from messy ethical details, the normative passions of right and wrong. They teach in a moral vacuum, perhaps even advocating economic agents' operating independently and avariciously, asserting that this magically produces the greatest good for society.

Dictatorial Domains, Navin Aswal, Shurojit Chatterji, Arunava Sen

Research Collection School Of Economics

In this paper, we introduce the notion of a linked domain and prove that a non-manipulable social choice function defined on such a domain must be dictatorial. This result not only generalizes the Gibbard-Satterthwaite Theorem but also demonstrates that the equivalence between dictatorship and non-manipulability is far more robust than suggested by that theorem. We provide an application of this result in a particular model of voting. We also provide a necessary condition for a domain to be dictatorial and use it to characterize dictatorial domains in the cases where the number of alternatives is three.

Uniformity Of Economic Freedom And Economic Growth, Ahmed Sabry Abou-Zaid

Archived Theses and Dissertations

No abstract provided.

The Political Economy Of Perverse Financial Liberalization: Examples From The Asian Crisis, Nancy Neiman Auerbach, Thomas D. Willett

Scripps Faculty Publications and Research

Debates continue to rage about the causes of recent currency and financial crises around the globe and their implications for the desirability of domestic and international financial liberalization. Beneath the heated exchanges of the most vocal disputants, a quiet consensus is beginning to emerge among serious scholars and policy officials. The big lesson from these crises is that while financial liberalization is still a desirable goal, it must be approached very carefully. It’s not just that without the proper pre-conditions liberalization will not provide full benefits. The results can sometimes be disastrous. What was once considered to be an arcane …

Rjvs In Product Innovation And Cartel Stability, Luca Lambertini, Sougata Poddar, Dan Sasaki

Economics Faculty Articles and Research

We characterise the interplay between firms' decision in product development undertaken through a research joing venture (RJV), and the nature of their ensuing market behaviour. Participant firms in an RJV face a trade-off between saving the costs of product innovation by developing similar products to one another, e.g. by sharing most of the basic components of their products, and investing higher initial efforts in product innovation in order to develop more distinct products. We prove that the more the fims' products are distinct and thus less substitutable, the easier their collusion is to sustain in the marketing supergame, either in …

Excess Capacity: A Note, Sougata Poddar

Economics Faculty Articles and Research

In a two period model of strategic entry deterrence where the incumbent firm moves before the entrant by installing capacity for production, Dixit (1980) argued that in a (perfect) equilibrium excess capacity would not be observed, contradicting Spence's (1977) result on the same issue. In this note, we show that Dixit may not always remain true when we allow for demand uncertainty.

Power, Privilege, And Special Interests: Rent Seeking And Subsidies In Agriculture, Matt Bogard

Agriculture Department Seminar Series

This presentation covers what Public Choice economists refer to as ‘rent seeking,’ generally seeking favor or special privilege from government through subsidies or regulatory advantages. Particularly, the biotech industry is the area of focus for this presentation. Problems with rent seeking in the biotech industry involve less innovation and industry consolidation. Policies related to biotech regulation, school lunch programs, the Clean Air Act, and ethanol subsidies are discussed. A game theoretic approach is used and it is concluded that issues related to rent seeking and special interests are not adequately addressed by recent campaign finance reform efforts. Alternatives such as …

The Evolution Of Human Life Expectancy And Intelligence In Hunter-Gatherer Economies, Hillard Kaplan

ESI Publications

The economics of hunting and gathering must have driven the biological evolution of human characteristics, since hunter-gatherer societies prevailed for the two million years of human history. These societies feature huge intergenerational resource flows, suggesting that these resource flows should replace fertility as the key demographic consideration. It is then theoretically expected that life expectancy and brain size would increase simultaneously, as apparently occurred during our evolutionary history. The brain here is considered as a direct form of bodily investment, but also crucially as facilitating further indirect investment by means of learning-by-doing.

Econ 205 New Stock Flow, Budget Restraints, Walra's Law, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1990, April 12). Keynes and Kalecki on finance and investment [Unpublished manuscript with attached post-it note from Ramesh to Anwar Shaikh]. Unpublished manuscript.

• Shaikh, A. (1985, December 17). Money and commodity circulation in simple reproduction [Handwritten diagram for Eco 204]. Unpublished manuscript.

• Shaikh, A. (2003, December 15). Structure of Godley’s basic ex ante model [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1990, April 6). Banks, credit, and currency (citing Moore, 1988) [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2002, March 5). Ex ante and ex post stock-flow accounts [Typed course notes for …

Interest Rates + Prices, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Woodford, M. (2003). The return of monetary rules (Chap. 1) [Excerpt; photocopy]. In Interest and prices: Foundations of a theory of monetary policy (pp. xxx–xxx). Princeton, NJ: Princeton University Press.

Globalization And The Myth Of Free Trade, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Program for the conference on globalization and the myths of free trade, hosted by the Center for Economic Policy Analysis and the Department of Economics, including schedule and speaker introductions. (2003, April 18). [Unpublished conference program]. Center for Economic Policy Analysis; Department of Economics, The New School University.

• Annotated conference schedule. (2003, April 18). [Unpublished annotated schedule; manuscript with annotations]. (A. Shaikh, PhD, annotator).

• Shaikh, A., PhD. (n.d.). Handwritten conference notes referencing Andrew Glyn, Stephanie Seguino, Ajit Singh, Ha-Joon Chang, and Deepak Nayyar [Unpublished handwritten notes]. Manuscript.

• Shaikh, A., PhD. (n.d.). …

Growth, Expectation, Stability, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Growth, expectation, stability [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2003, December 1). Excess demand, profit, and retained earning measures [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2003, December 30). Definition of excess demand [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2003, October 29). Problem of stability in the classical model [Unpublished notes]. Unpublished manuscript.

• Chapter 16: Instability in the private economy: Investment (pp. 522–543) [Textbook chapter pages]. (n.d.).

• Gordon, R. A. (1955, February). Investment behavior and business cycles. The Review of Economics and Statistics.

• Shaikh, A. (2003, November …

Profit + Capital (Chapter 6), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Ch 10 commodity prices / industrial prices (Unpublished manuscript notes) (p. 1).
• Shaikh, A. (2011, January 11). Fixcapesample.xmcd (Unpublished manuscript notes) (p. 2).
• Shaikh, A. (n.d.). Production function notes.docx (Unpublished manuscript notes) (p. 4).
• Shaikh, A. (2010, August 28). Petri reswitching.xmcd (Unpublished manuscript notes) (p. 22).
• Shaikh, A. (2013, November 24). Price and value aggregates (Unpublished manuscript notes) (p. 26).
• Shaikh, A. (2009, January 6). Three lines of inquiry w/r linear std prices (Unpublished manuscript notes) (p. 27).
• Shaikh, A. (2010, January 20). Subdominant eigenvalues of a (Unpublished manuscript notes) (p. 28).
• Shaikh, A. …

Psuedo Production Functions, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Folder cover labeled “pseudo production functions”. (n.d.). [Unpublished folder cover].

• Shaikh, A., PhD. (n.d.). Handwritten notes with equations beginning “δK = δR(1 − u)” [Unpublished handwritten notes]. Manuscript.

• Shaikh, A., PhD, annotator. (2003, August 26). EViews regression output for actual data (with handwritten note titled “actual data: eliminating straight rates of change from regressions still does not make a [illegible] them”) [Unpublished regression output with handwritten annotations]. Computer output with annotations.

• Shaikh, A., PhD. (2003, July 13). Handwritten notes titled “picking up the pseudo production function via a general regression” [Unpublished handwritten …

Emotion And Financial Markets, Lucy F. Ackert, Bryan K. Church, Richard Deaves

Faculty Articles

No abstract provided.

Incentive Compatibility In Multi-Unit Auctions, Sushil Bikhchandani, Shurojit Chatterji, Arunava Sen

Research Collection School Of Economics

We characterize incentive compatibility in multi-unit auctions with multi-dimensional types. An allocation mechanism is incentive compatible if and only if it is nondecreasing in marginal utilities (NDMU). The notion of incentive compatibility we adopt is dominant strategy in private value models and ex post incentive compatibility in models with interdependent values. NDMU is the following requirement: if changing one buyer’s type, while keeping everyone else’s types the same, changes this buyer’s allocation then the new allocation must be relatively more attractive (or relatively less unattractive) to this buyer. We also establish a price characterization of incentive compatible mechanisms.

Economics 105 Lectures On Growth Theory, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., & Milberg, W. (2000, Spring). Lectures on growth theory for Economics 105: Historical foundations of political economy II [Course lectures].

Globalism, Human Rights And The Problem Of Individualism, Richard Mcintyre

Human Rights & Human Welfare

A review of:

Global Economy, Global Justice: Theoretical Objections and Policy Alternatives to Neoliberalism by George F.DeMartino. New York: Routledge, 2000. 296pp.