| Preface
Sample Chapter - Download PDF (304 KB) | ix |
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| I | Microeconomic Foundations of Macroeconomics | 1 |
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| Hahn on the Share of Wages in National Income
Robert M. Solow
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| Nominal-Wage Setting and the Theory of Games
Christopher Bliss | 19 |
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| Underemployment as a Coordination Problem with Savings and Increasing Returns
Walter P. Heller | 43 |
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| Properties of Aggregate Saving in Overlapping-Generations Models
David A. Starrett | 67 |
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| Institutional Features of Unemployment Insurance and the Working of the Labor Market
A. B. Atkinson | 82 |
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| Production Fluctuations and Fiscal Policy in an Economy with Aggregate and Idiosyncratic Shocks
Oliver Hart and Eric Maskin | 107 |
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| Prices and Queues as Screening Devices in Competitive Markets
Joseph E. Stiglitz | 128 |
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| II | Information and the Theory of Games | 167 |
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| Informational Equivalence of Signals
Kenneth J. Arrow | 169 |
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| Informational Efficiency of Search Equilibrium
Douglas Gale | 184 |
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| Irrationality in Game Theory
Robert J. Aumann | 214 |
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| Rational Conjectural Equilibrium and Repeated Games
Hamid Sabourian | 228 |
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| Static Choice in the Presence of Unforeseen Contingencies
David M. Kreps | 258 |
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| Lexicographic Probabilities and Iterated Admissibility
Adam Brandenburger | 282 |
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| Understanding the Past in Order to Assess the Future: On Learning Equilibrium Price Processes
Mordecai Kurz | 291 |
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| Transfer Payments and the Core of a Profit-Center Game
Roy Radner | 316 |
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| Credible Oil Supply Contracts
David M. Newbery | 340 |
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| The Existence of Perfectly Competitive Equilibrium ŕ la Wicksteed
Louis Makowski and Joseph M. Ostroy | 370 |
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| III | Optimality and Equilibrium with Missing Markets | 405 |
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| The Value of Money in a Finite-Horizon Economy: A Role for Banks
Pradeep Dubey and John Geanakoplos | 407 |
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| The Lucas Equation, Indeterminacy, and Non-Neutrality: An Example
Pierre-André Chiappori and Roger Guesnerie | 445 |
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| Three Observations on Sunspots and Asset Redundancy
Andrew Mas-Colell | 465 |
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| On the Aggregate Effects of Individual Risks
Jayasri Dutta and Heraklis Polemarchakis | 475 |
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| The Optimum Quantity of Money Revisited
Timothy J. Kehoe, David K. Levine and Michael Woodford | 501 |
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| On the Impossibility of Perfect Capital Markets
Peter J. Hammond | 527 |
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| Optimal Taxation of Identical Consumers When Markets Are Incomplete
Peter A. Diamond and James A. Mirrlees | 561 |
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| Miscellany | 583 |
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| Educating Our Masters
Terence Gorman | 585 |
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| Risk Tolerances, Distributive Inequality, and Track Bettors' Equilibrium
Paul A. Samuelson | 602 |
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| Poverty and Living Standards
Partha Dasgupta | 621 |
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| List of Contributors | 635 |
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| Index
Sample Chapter - Download PDF (222 KB) | 637 |
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