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