|
Cowles Foundation for
Research in Economics
INCOMPLETE MARKETS AND STRATEGIC MARKET GAMES
April 28–29, 2001
Organizers: Martin Shubik and John Geanakoplos |
| SATURDAY |
8:15–8:50 |
Light Breakfast |
|
8:50 |
Very brief introduction (John Geanakoplos
and Martin Shubik) |
|
9:00–10:30 |
Michael Magill (with John Geanakoplos and
Martine Quinzii), "Demography and the Long-Run Predictability
of the Stock Market" |
|
|
Rohit Rahi (with Piero Gottardi), "Efficiency Properties of Rational Expectations Equilibria with
Asymmetric Information" |
|
|
Martine Quinzii (with Michael Magill),
"The Stock Market in the Overlapping Generations Model
with Production" |
|
11:00–12:30 |
James Peck, "Equilibrium Bank
Runs" |
|
|
Massimo Morelli (with Sayantan Ghosal),
"Retrading in Market Games" |
|
|
Ross Starr, "Why Is There Money?
Endogenous Derivation of 'Money' as the Most Liquid Asset: A Class of Examples" |
|
12:30–1:30 |
Buffet Lunch |
|
1:30–3:00 |
Nobuhiro Kiyotaki, "Inside Money,
Liquidity and Asset Price" |
|
|
Herakles Polemarchakis (with T. Nakajima),
"Financial Policy and the Price Level" |
|
|
Piero Gottardi (with A. Bisin), "When
Are Asymmetric Information Economies Walrasian?" |
|
3:30–5:00 |
Lloyd Shapley, "Nonatomic Games in
Strategic Form" |
|
|
Jean-François Mertens, Comments |
|
|
Pradeep Dubey (with John Geanakoplos),
"Debt Seniority and Insurance Contracts" |
|
6:30 |
Cocktails and Dinner at Mory's, 306 York
Street, New Haven |
| SUNDAY |
8:15–9:00 |
Light Breakfast |
|
9:00–10:30 |
William Sudderth, "The Inflationary
Bias in a Simple Stochastic Exchange Economy" |
|
|
Kai Nagel (with Martin Shubik), "Stability Conditions for a Dynamic Market Simulation
Model" |
|
|
Per Bak, "The Dynamics of Money" |
|
11:00–12:30 |
John Geanakoplos, "Pareto Improving
Taxes" |
|
|
Martin Shubik, "Merchant Bankers and
the Central Bank" |
|
|
Dimitrios Tsomocos, "Equilibrium
Analysis, Banking and Financial Instability" |
|
|
Nicolae Garleanu, "Valuation in
Dynamic Bargaining Markets" |
|
12:30–1:30 |
Buffet Lunch |