Assets, Beliefs, and Equilibria in Economic Dynamics

Foreword to the Symposium in Honor of Mordecai Kurz.- The genuine savings criterion and the value of population.- Macro foundations of micro-economics.- Risk aversion in the Talmud.- Annuities and retirement.- Claims problems and weighted generalizations of the Talmud rule.- Speculative trading with rational beliefs and endogenous uncertainty.- Floating exchange rates versus a monetary union under rational beliefs: the role of endogenous uncertainty.- Endogenous uncertainty and the non-neutrality of money.- Inside and outside fiat money, gains to trade, and IS-LM.- The economic effects of restrictions on government budget deficits: imperfect private credit markets.- Speculative trade, asset prices and investment levels.- Indeterminacy of equilibrium in stochastic OLG models.- Existence and uniqueness of 'money' in general equilibrium: natural monopoly in the most liquid asset.- Is assortative matching efficient?.- On extensive form implementation of contracts in differential information economies.- Vickrey auctions with reserve pricing.- Incentives in market games with asymmetric information: the core.- The cheapest hedge.- The informational efficiency of finite price mechanisms.- Information at equilibrium.- Nash and Walras equilibrium via Brouwer.- The application of CVM for assessing the tele-health system: an analysis of the discrepancy between WTP and WTA based on survey data.- Similarity of endowments and the factor price equalization condition.- Domestic and international strategic interactions in environment policy formation.- Firm reputation with hidden information.- Structural breaks in the volatility of macroeconomic and financial data: The rule, not the exception.- Effect of credible quality investment with Bertrand and Cournot competition.- To eachaccording to his needs: an axiomatic characterization.- Closed-loop equilibrium in a multi-stage innovation race.- Modelling exchange of probabilistic opinions.- Effects of asset market structure on welfare and trading volume.- Estimating the stationary distribution of a Markov chain.- Monte Carlo simulation of macroeconomic risk with a continuum of agents: the symmetric case.- A more reasonable model of insurance demand.