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Theoretical Economics Papers

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Decentralized Bargaining: Efficiency and the Core Matt Elliott and Francesco Nava
June 2015
Paper No' TE/2015/567 :
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Reason-Based Rationalization Franz Dietrich and Christian List
January 2014
Paper No' TE/2014/565 :
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JEL Classification: D01

Peer Effects in Endogenous Networks Timo Hiller and Timo Hiller
September 2013
Paper No' TE/2013/564:
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JEL Classification: D62; D85.


Tags: strategic network formation; peer effects; strategic complements; positive externalities.

Conscience Accounting: Emotional Dynamics and Social Behavior Uri Gneezy, Alex Imas and Kristóf Madarász
February 2012
Paper No' TE/2012/563:
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JEL Classification: D03, D06, D09


Tags: emotions; temporal brackets; deception; prosocial behavior

An Approach To Asset-Pricing Under Incomplete and Diverse Perceptions Erik Eyster and Michele Piccione
December 2011
Paper No' TE/2012/562:
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Efficiency in Repeated Two-Action Games with Local Monitoring Francesco Nava and Michele Piccione
September 2011
Paper No' TE/2012/560:
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Does Competition Solve the Hold-up Problem? Leonardo Felli and Kevin Roberts
September 2011
Paper No' TE/2011/561:
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Sales and Collusion in a Market with Storage Francesco Nava and Pasquale Schiraldi
July 2011
Paper No' TE/2011/549:
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JEL Classification: L11, L12, L13, L41


Tags: storage; sales; collusion; cartel size; repeated games

Screening with an Approximate Type Space Kristóf Madarász and Andrea Prat
June 2010
Paper No' TE/2010/548:
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Spatial Asset Pricing: A First Step Francois Ortalo-Magne and Andrea Prat
April 2010
Paper No' TE/2010/546:
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Religious Organizations Gilat Levy and Ronnie Razin
November 2009
Paper No' TE/2009/544:
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Gradualism in Dynamic Agenda Formation Gilat Levy and Ronnie Razin
September 2009
Paper No' TE/2009/543:
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Statute Law or Case Law? Luca Anderlini, Leonardo Felli and Alessandro Riboni
August 2008
Paper No' TE/2008/528:
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JEL Classification: C79; D74; D89; K40; L14


Tags: statute law; case law; flexibility; rigidity; time-inconsistency; precedents.

The Political Economy of Housing Supply: Homeowners, Workers, and Voters Francois Ortalo-Magne and Andrea Prat
January 2007
Paper No' TE/2007/514:
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JEL Classification: R31; R21; R38; D72


Tags: housing supply; housing demand; regulatory policies; political economy.

Active Courts and Menu Contracts Luca Anderlini, Leonardo Felli and Andrew Postlewaite
October 2006
Paper No' TE/2006/511:
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JEL Classification: C79; D74; D89; K40; L14


Tags: optimal courts; informational externalities; ex-ante welfare; informed principal; menu contracts.

SHOULD COURTS ALWAYS ENFORCE WHAT CONTRACTING PARTIES WRITE? This paper replaces TE/2003/464 Luca Anderlini, Leonardo Felli and Andrew Postlewaite October 2006
Paper No' TE/2006/510:
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JEL Classification: C79; D74; D89; K40; L14


Tags: optimal courts; informational externalities; ex-ante welfare

Knowledge Disclosure, Patents and Optimal Organization of Research and Development Sudipto Bhattacharya and Sergei Guriev
September 2004
Paper No' TE/2004/478:
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JEL Classification: D23; O32; O34


Tags: r&d organisation; patents; intellectual property rights

Should Courts Always Enforce What Contracting Parties Write? This paper is replaced by TE/2006/510 Luca Anderlini, Leonardo Felli and Andrew Postlewaite November 2003
Paper No' TE/2003/464:
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Tags: optimal courts; informational externalities; ex-ante welfare.

Dynamic Yardstick Regulation Antoine Faure-Grimaud and Soenje Reiche
September 2003
Paper No' TE/2003/459:
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Tags: yardstick regulation; ratchet effect; short and long-term contracts; commitment.

Coordinating Tasks in M-Form and U-Form Organisations Yingyi Qian, Gerard Roland and Chenggang Xu
June 2003
Paper No' TE/2003/458:
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JEL Classification: D20; D80; H11; H70; L22; P11


Tags: coordination; task; organisation; reform; innovation; china; russia.

Careerist Judges Gilat Levy
May 2003
Paper No' TE/2003/457:
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Tags: career concerns; judicial decision-making.

Endogenous Lobbying Leonardo Felli and Antonio Merlo
February 2003
Paper No' TE/2003/448:
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Tags: endogenous lobbying; citizen-candidate model; representative democracy.

Courts of Law and Unforeseen Contingencies Luca Anderlini, Leonardo Felli and Andrew Postlewaite
February 2003
Paper No' TE/2003/447:
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Tags: court of law; unforeseen contingencies; precedents; incentives; insurance.

Investment Timing under Incomplete Information Jean-Paul Decamps, Thomas Mariotti and Stephane Villeneuve
January 2003
Paper No' TE/2003/444:
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Tags: real options; incomplete information; optimal stopping.

Credit Rationing, Wealth Inequality, and Allocation of Talent Maitreesh Ghatak, Massimo Morelli and Tomas Sjostrom
October 2002
Paper No' TE/2002/441:
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Tags: occupational choice; adverse selection; wealth distribution; credit rationing.

The Wrong Kind of Transparency Andrea Prat
October 2002
Paper No' TE/2002/439:
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Tags: transparency; career concerns; expert agents.

Unforeseen Contingencies Nabil J Al-Najjar, Luca Anderlini and Leonardo Felli
February 2002
Paper No' TE/2002/431:
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Tags: unforeseen contingencies; incomplete contracts; finite invariance; fine variability.

Does Competition Solve the Hold-up Problem? Leonardo Felli and Kevin Roberts
May 2001
Paper No' TE/2001/414:
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Tags: competition; hold-up problem; matching; specific investments.

Ownership, Incentives and Monitoring Chong-En Bai and Chenggang Xu
March 2001
Paper No' TE/2001/413:
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Tags: employee ownership; monitoring; incentives; property rights

Bounded Rationality and Incomplete Contracts Luca Anderlini and Leonardo Felli
December 2000
Paper No' TE/2000/407:
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Tags: incomplete contracts; bounded rationality; complexity costs

Collective Bargaining under Complete Information Carlos Diaz-Moreno and Jose E. Galdon-Sanchez
July 2000
Paper No' TE/2000/401:
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Tags: delays; sequential bargaining; structural estimation

Efficiency Rents of Storage Plants in Peak-Load Pricing, II: Hydroelectricity Anthony Horsley and Andrew J Wrobel
October 1999
Paper No' TE/1999/372:
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Tags: storage hydro; rental valuation; peak-load pricing; linear programming.


This paper has been published as:
'Efficiency rents of hydroelectric storage plants in continuous-time peak-load pricing', in The Current State of Economic Science, by S B Dahiya (ed.), vol.1, pp.453-480 (Spellbound Publications, Rohtak, 1999).
Implementation and Renegotiation Eric Maskin and John Moore
December 1998
Paper No' TE/1998/366:
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Tags: social choice rule; implementation; renegotiation


This paper has been published as:
'Review of Economic Studies', vol.66 (1), 1999, pp.39-56.
Costly Bargaining and Renegotiation Luca Anderlini and Leonardo Felli
October 1998
Paper No' TE/1998/361:
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Tags: optimal bargaining costs; inefficient bargaining outcomes; renegotiation; imperfect recall


This paper has been published as:
'Econometrica', 69(4) (March 2001), pp. 377-411
Foundations of Incomplete Contracts Oliver Hart and John Moore
September 1998
Paper No' TE/1998/358:
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Tags: incomplete contracting; rigorous foundations; economic theory.


This paper has been published as:
'Review of Economic Studies', vol.66 (1), 1999, pp.115-138.
A Theory of Supervision with Endogenous Transaction Costs Antoine Faure-Grimaud, Jean-Jacques Laffont and David Martimort
July 1998
Paper No' TE/1998/356:
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Tags: supervision; soft information; collusion; endogenous transaction costs

Berge's Maximum Theorem With Two Topologies On The Action Set Anthony Horsley, Timothy Van Zandt and Andrew J Wrobel
March 1998
Paper No' TE/1998/347:
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Tags: berge¿s maximum theorem; demand continuity


This paper has been published as:
Economics Letters, vol.61 (1999), pp.285-291.
Cooperatives vs. Outside Ownership Oliver Hart and John Moore
January 1998
Paper No' TE/1998/346:
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Tags: cooperatives; firms; ownership; property right.

Epistemic Conditions for Bayesian Nash Equilibrium, and Common Knowledge of Rationality Ben Polak
November 1997
Paper No' TE/1997/341:
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Tags: bayesian nash equilibrium; incomplete information; common knowledge; rationality; epistemic conditions.

Weakening the Sure-Thing Principle: Decomposable Choice under Uncertainty Simon Grant, Atsushi Kajii and Ben Polak
October 1997
Paper No' TE/1997/339:
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Tags: sure-thing principle; decomposable choice; savage; subjective betweenness; ellsberg paradox

A Model of a Predatory State Boaz Moselle and Ben Polak
September 1997
Paper No' TE/1997/337:
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Lobbying and Welfare in a Representative Democracy - (Now published in 'Review of Economic Studies', 68 (2001), pp.67-82.) Timothy Besley and Stephen Coate September 1997
Paper No' TE/1997/334:
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Optimal Experimentation in a Changing Environment Godfrey Keller and Sven Rady
July 1997
Paper No' TE/1997/333:
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Incentives, Scale Economies, and Organizational Form - (Now published in 'Economics of Transition' (2201)). Eric Maskin, Yingyi Qian and Chenggang Xu June 1997
Paper No' TE/1997/331:
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Default and Renegotiation: A Dynamic Model of Debt Oliver Hart and John Moore
January 1997
Paper No' TE/1997/321:
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Competition, Investment and Vertical Integration Gilles Chemla
 1996
Paper No' TE/1996/308:
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On Connections Between Renegotiation Proof Sets of Long Finitely and Infinitely Repeated Games with Low Discounting Saikat Datta  1996
Paper No' TE/1996/304:
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Preventing Collusion Through Discretion Leonardo Felli
 1996
Paper No' TE/1996/303:
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Comparative Statics for a Partial Equilibrium Model of Investment with Wicksell-Complementary Capital Inputs Anthony Horsley and Andrew J Wrobel  1996
Paper No' TE/1996/302:
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Efficiency Rents of Storage Plants in Peak-Load Pricing, I: Pumped Storage Anthony Horsley and Andrew J Wrobel
 1996
Paper No' TE/1996/301:
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Uninterruptible Consumption, Concentrated Charges, and Equilibrium in the Commodity Space of Continuous Functions Anthony Horsley and Andrew J Wrobel  1996
Paper No' TE/1996/300:
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The Wong-Viner Envelope Theorem or Nonsmooth Joint Costs, Rental Valuation and the Short-Run Approach to Long-Run Equilibrium Anthony Horsley and Andrew J Wrobel  1996
Paper No' TE/1996/299:
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The Le Chatelier Principle can be 'Expected' to Hold Globally: Implications of Rationality in Constrained and Unconstrained Situations - (Now published in 'Journal of Economic Theory', 87 (1999), pp.416-428.) Kevin Roberts  1996
Paper No' TE/1996/298:
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Bargaining and Sharing Knowledge Sudipto Bhattacharya, L-A Gérard-Varet and Claude d'Aspremont
 1996
Paper No' TE/1996/293:
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The Governance of Exchanges: Members' Co-operatives Versus Outside Ownership Oliver Hart and John Moore
 1996
Paper No' TE/1996/292:
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Bilateral Search and Vertical Heterogeneity Jan Eeckhout
October 1996
Paper No' TE/1996/315:
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Costly Contingent Contracts Luca Anderlini and Leonardo Felli
October 1996
Paper No' TE/1996/313:
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A New Bankruptcy Procedure that Uses Multiple Auctions - (Now published in 'European Economics Review', vol.41(3/5), 1997, pp.461-473.) Oliver Hart, R La Porta Drago, F Lopez-de-Silanes and John Moore October 1996
Paper No' TE/1996/312:
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Friendships in Vertical Relations - (Now published under the title 'Renegotiation and Collusion in Organisations', in 'Journal of Economics and Management Strategy', 9(4)(Winter 2001), pp.453-483.) Leonardo Felli and J M Villas-Boas September 1996
Paper No' TE/1996/314:
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Building Trust Saikat Datta
January 1996
Paper No' TE/1996/305:
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Credit Cycles - (Now published in 'Journal of Political Economy', vol.105(2), April 1997, pp.211-248.) Nobuhiro Kiyotaki and John Moore  1995
Paper No' TE/1995/285:
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Objective Interpersonal Comparisons of Utility - (Now published in 'Social Choice and Welfare',14 (1997), pp.79-96.) Kevin Roberts  1995
Paper No' TE/1995/283:
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A Matching Model with Wage Announcement Espen R. Moen
 1995
Paper No' TE/1995/280:
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Exploring a Branching Structure: A Bandit Problem with Correlated Pay-offs Alison Hole and Godfrey Keller
 1994
Paper No' TE/1994/279:
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Job Matching, Learning and the Distribution of Surplus (Revised version published in Journal of Political Economy, vol.104 (1996), pp.838-868 (new title: Learning, Wage Dynamics, and Firm-Specific Human Capital.) Leonardo Felli and Christopher Harris  1994
Paper No' TE/1994/277:
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Wage and Employment Determination through Non-Cooperative Bargaining Kevin Roberts
 1994
Paper No' TE/1994/274:
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Exchange Rates and the Matrix-Tree Theorem Norman Biggs
 1994
Paper No' TE/1994/273:
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The Algebra of Knowledge: Critique and Reformulation Kaushik Basu
 1994
Paper No' TE/1994/272:
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Incomplete Written Contracts: Endogenous Agency Problems (Revised version, 'Describability and Agency Problems', published in European Economic Review, vol.42 (1998), pp.35-59.) Luca Anderlini and Leonardo Felli  1993
Paper No' TE/1993/267:
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Recession Dynamics Following a Price Shock in a Transition Economy Stanislaw Gomulka and John Lane
 1993
Paper No' TE/1993/264:
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Incomplete Written Contracts: Undescribable States of Nature (Now published in Quarterly Journal of Economics (1994), vol.109, pp.1085-1124.) Luca Anderlini and Leonardo Felli  1993
Paper No' TE/1993/263:
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Strategic Experimentation - (Now published in 'Econometrica',(March 1999). Patrick Bolton and Christopher Harris
 1993
Paper No' TE/1993/261:
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Incomplete Information Bargaining and Business Cycles Daron Acemoglu
 1993
Paper No' TE/1993/259:
Read Abstract |
Optimal Selling Procedures with Fixed Costs Francesca Cornelli
 1992
Paper No' TE/1992/257:
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The Firm as a Communication Network - (Now published in 'Quarterly Journal of Economics' CIX(4) (December 1994), pp.809-839. Reprinted in Mark Casson (ed.). 'The Theory of the Firm'(Edward Elgar Publishing, 1997). Patrick Bolton and Mathias Dewatripont  1992
Paper No' TE/1992/256:
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Valued Opinions or Opinionated Values: The Double Aggregation Problem (Now published in K. Basu, P. Pattanaik and K. Suzumura (eds.), Choice, Welfare and Development: Essays in Honour of Amartya Sen (Oxford University Press, Oxford, 1994).) Kevin Roberts  1992
Paper No' TE/1992/253:
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The Art of Smooth Pasting (Now published in Fundamentals of Pure and Applied Economics 55 (Harwood Academic Publishers GbmH, Poststr. 22, 7000 Chur, Switzerland), 1993. ISBN: 3-7186-5384-2, ISSN: 0191-1708.) Avinash Dixit  1992
Paper No' TE/1992/252:
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The Economics of Bankruptcy Reform (Now published in Journal of Law, Economics and Organization, vol.8, no.3, (1992), pp. 523-546.) Philippe Aghion, Oliver Hart and John Moore  1992
Paper No' TE/1992/250:
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On the Local Stability of Sunspot Equilibria Under Adaptive Learning Rules - (Now published in 'Journal of Economic Theory', vol.64 (1994), pp.142-161.) George W. Evans and Seppo Honkapohja  1992
Paper No' TE/1992/249:
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Adaptive Learning and Expectational Stability: An Introduction - (Now published as Ch.4 in 'Learning Rationality in Economics', A Kirman and M Salmon (eds), 1995, Basil Blackwell, Oxford), pp.102-126.) George W. Evans and Seppo Honkapohja  1992
Paper No' TE/1992/248:
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Localization of Closedness and Continuity Properties, with Applications to Preferences and Production Sets - (Now published as 'Localisation of continuity to bounded sets for nonmetrisable vector topologies and its applications to economic equilibrium theory', in Indagationes Mathematicae (New Series), 11 (2000), pp.53-61.) Anthony Horsley and Andrew J Wrobel  1992
Paper No' TE/1992/247:
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Continuity of Demand and the Direct Approach to Equilibrium Existence in Dual Banach Commodity Spaces - (Now published as 'Berge's Maximum Theorem with two topologies on the action set', in Economics Letters, 61 (1998), pp.285-291.) Anthony Horsley and Andrew J Wrobel  1992
Paper No' TE/1992/246:
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Outside Options in a Bargaining Model with Decay in the Size of the Cake (Now published in Economics Letters 40 (1992), pp.417-421.) Alberto Dalmazzo  1992
Paper No' TE/1992/239:
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An Exploration of the Eductive Justifications of the Rational Expectations Hypothesis (Now published in American Economic Review, vol.82, no.5 (1992), pp.1254-1278.) Roger Guesnerie  1992
Paper No' TE/1992/238:
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Rationalizability, Strong Rationality and Expectational Stability (Now published in Games and Economic Behavior, Special Issue on Learning Dynamics, vol.5 (Oct. 1993), pp.632-646).) George W. Evans and Roger Guesnerie  1992
Paper No' TE/1992/237:
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Local Convergence of Recursive Learning to Steady States and Cycles in Stochastic Nonlinear Models - (Now published in 'Econometrica', vol.63 (1995), pp.195-206.) George W. Evans and Seppo Honkapohja  1992
Paper No' TE/1992/236:
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Implementation in Environments with Complete Information (Now published as 'Implementation, Contracts and Renegotiation in Environments with Complete Information' in J-J Laffont (ed.), Advances in Economic Theory: Invited Papers to the World Congress of the Econometric Society, vol.I (1992), pp.182-282.) John Moore  1991
Paper No' TE/1991/235:
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The Firm as a Collection of Assets (Now published in European Economic Review, vol.36, Nos.2/3 (1992), pp.493-507.) John Moore  1991
Paper No' TE/1991/234:
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A Theory of Debt Based on the Inalienability of Human Capital Oliver Hart and John Moore
 1991
Paper No' TE/1991/233:
Read Abstract |
Price Singularities: Representation vs. Exclusion - (Now published as 'Boiteux's solution to the shifting-peak problem and the equilibrium price density in continuous time', in Economic Theory, vol. 20 (2002), pp.503-537.) Anthony Horsley and Andrew J Wrobel  1991
Paper No' TE/1991/232:
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Marginal Analysis and Bewley Equilibria: The Use of Subgradients Anthony Horsley and Andrew J Wrobel
 1991
Paper No' TE/1991/231:
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Toward a Theory of International Currency (Now published in Review of Economic Studies 60 (1993), pp.283-307.) Nobuhiro Kiyotaki, Akihiko Matsui and Kiminori Matsuyama  1991
Paper No' TE/1991/226:

On the Preservation of Deterministic Cycles when some Agents Perceive them to be Random Fluctuations (Now published in Journal of Economic Dynamics and Control, vol.17 (1993), pp.705-721.) George W. Evans, Seppo Honkapohja and Thomas J. Sargent  1991
Paper No' TE/1991/223:

On the Stability of Rationing Scheme Aditya Goenka
 1991
Paper No' TE/1991/222:

Search for a Theory of Money (Now published as 'A Search-Theoretic Approach to Monetary Economics' in The American Economic Review, vol.83, No.1, (March 1993), pp.63-77.) Nobuhiro Kiyotaki and Randall Wright  1990
Paper No' TE/1990/218:

A Theory of Corporate Financial Structure Based on the Seniority of Claims Oliver Hart and John Moore
 1990
Paper No' TE/1990/217:

Renegotiation-Proof Implementation and Time Preferences Ariel Rubinstein and Asher Wolinsky
 1990
Paper No' TE/1990/215:

Learning, Convergence, and Stability with Multiple Rational Expectations Equilibria - (Now published in 'European Economic Review', vol.38 (1994), pp.1071-1098.) George W. Evans and Seppo Honkapohja  1990
Paper No' TE/1990/212:

Price-Quantity Decisions as Learning Instruments Steve Alpern and Dennis J. Snower
 1990
Paper No' TE/1990/210:

The Theory of Union Behaviour: Labour Hoarding and Endogenous Hysteresis. Kevin Roberts
 1989
Paper No' TE/1989/209:

Culture and Optimality Max Steuer
 1989
Paper No' TE/1989/206:

Implementing Alternative Voting in Kingmaker Trees (Now published in Games and Economic Behavior, 2 (1990), pp.325-336.) J.V. Howard  1989
Paper No' TE/1989/205:

Expectation Calculation and Macroeconomic Dynamics (Now published in American Economic Review, (March 1992).) George W. Evans and Gary Ramey  1989
Paper No' TE/1989/202:

Budget-Constrained Sequential Auctions With Incomplete Information Carolyn Pitchik
 1989
Paper No' TE/1989/201:

Commitment Through Incomplete Information in a Simple Repeated Bargaining Model Klaus M. Schmidt
 1989
Paper No' TE/1989/200:

The Envelope Theorem, Joint Costs, and Equilibrium Anthony Horsley and Andrew J Wrobel
 1989
Paper No' TE/1989/199:

Renegotiation and Symmetry in Repeated Games Dilip Abreu, David Pearce and Ennio Stacchetti
 1989
Paper No' TE/1989/198:

Aggregation and Social Choice: A Mean Voter Theorem (Now published in Econometrica, vol.59, No.1 (Jan.1991), pp.1-23.) Andrew Caplin and Barry Nalebuff  1989
Paper No' TE/1989/196:

Aggregation and Imperfect Competition: On the Existence of Equilibrium (Now published in Econometrica, vol.59, no.1 (Jan.1991), pp.25-29.) Andrew Caplin and Barry Nalebuff  1989
Paper No' TE/1989/195:

Cycles in Extensive Form Perfect Information Games (Now published in Journal of Mathematical Analysis, vol.159, no.1 (1991), pp.1-17.) Steve Alpern  1989
Paper No' TE/1989/194:

Bargaining Without Commitment (Now published in Games and Economic Behavior, 2 (1990), pp.291-297.) Abhinay Muthoo
 1989
Paper No' TE/1989/193:

Default and Renegotiation: A DynamicModel of Debt - (Now published in 'Quarterly Journal of Economics', vol.113(1), February 1998, pp.1-41.) Oliver Hart and John Moore  1989
Paper No' TE/1989/192:

Convergence to Equilibrium in a Sequence for Games with Learning David Canning
 1989
Paper No' TE/1989/190:

On the Robustness of Bubbles in Linear RE Models (Now published in International Economic Review, vol.33, No.1 (1992), pp.1-14.) George W. Evans and Seppo Honkapohja  1989
Paper No' TE/1989/189:

Remarks on the Logic of 'Agreeing to Disagree' Type Results (Now published in Journal of Economic Theory, 51 (1990), pp.184-193.) Ariel Rubinstein and Asher Wolinsky  1989
Paper No' TE/1989/188:

The Existence of an Equilibrium Price for Marginal Cost Pricing - (Now published as 'Boiteux's solution to the shifting-peak problem and the quilibrium price density in continuous time', in Economic Theory, vol. 20 (2002), pp.503-537.) Anthony Horsley and Andrew J Wrobel  1989
Paper No' TE/1989/186:

Limit Points in a Bargaining Model of a Decentralised Market I (Revised version now published in Economic Theory 3 (1993), pp.353-363.) Abhinay Muthoo  1988
Paper No' TE/1988/185:

Rationality and Game Theory when Players are Turing Machines David Canning
 1988
Paper No' TE/1988/183:

Comments on the interpretation of game theory (Now published in Econometrica, 59 (1991), pp.909-924.) Ariel Rubinstein
 1988
Paper No' TE/1988/181:

The Innovative Rate and Kalecki's Theory of Trend, Unemployment and the Business Cycle (Now published in Economica, 57 (1990), pp.525-540.) Roy O. Davies, Stanislaw Gomulka and Adam Ostaszewski  1988
Paper No' TE/1988/176:

Nash Implementation: A Full Characterization (Now published in Econometrica, vol.58, No.5 (1990), pp.1083-1099.) John Moore and Rafael Repullo  1988
Paper No' TE/1988/175:

Property Rights and the Nature of the Firm (Now published in Journal of Political Economy, vol.98, No.6 (1990), pp.1119-1158.) Oliver Hart and John Moore  1988
Paper No' TE/1988/174:

Active Learning about the Demand Distribution (Now published in Methods of Operations Research, 63, U. Rieder, P. Gessner, A. Peyerimhoff and F.J. Rademacher (eds.), (Anton Hain, Ulm, 1989), pp.81-92.) Diane J. Reyniers  1988
Paper No' TE/1988/173:

A Social Choice Rule and its Implementation in Perfect Equilibrium (Now published in Journal of Economic Theory, 56 (1992), pp.142-159.) J.V. Howard  1988
Paper No' TE/1988/172:

Cooperations in the Prisoner's Dilemma (Now published in Theory and Decision, vol.24 (1988), pp.203-213.) J.V. Howard
 1988
Paper No' TE/1988/171:
Order
Game Theory and Social Contract Mark II Ken Binmore
 1988
Paper No' TE/1988/170:

Local Compactness of Choice Sets, Continuity of Demand on Prices, and the Existence of a Competitive Equilibrium Anthony Horsley and Andrew J Wrobel  1988
Paper No' TE/1988/168:

Common Knowledge and Game Theory Ken Binmore and Adam Brandenburger
 1988
Paper No' TE/1988/167:

A Game with 'Almost Common Knowledge': An Example (Now published in American Economic Review, 79 (1989), pp.385-391.) Ariel Rubinstein  1987
Paper No' TE/1987/165:

Interactive High-Low Search: The Case of Lost Sales (Now published in Journal of the Operational Research Society, vol.40,No.8 (1989), pp.769-780.) Diane J. Reyniers  1987
Paper No' TE/1987/164:

Decentralized Trading, Strategic Behavior and the Walrasian Outcome (Now published in Review of Economic Studies, 57 (1990), pp.63-78.) Ariel Rubinstein and Asher Wolinsky  1987
Paper No' TE/1987/163:

Similarity and Decision-Making Under Risk (Now published in Journal of Economic Theory, 46 (1988), pp.145-153.) Ariel Rubinstein  1987
Paper No' TE/1987/162:

Opting Out: Bazaars versus 'Hi Tech' Markets Avner Shaked
 1987
Paper No' TE/1987/159:

A Mixed Strategy Minimax Theorem (Now published in SIAM J. Control and Optimization, vol.26, No.6 (1988), pp.1357-1361.) Steve Alpern and Shmuel Gal  1987
Paper No' TE/1987/157:

Multiproduct Firms and Market Structure (Now published in Quarterly Journal of Economics, (November 1989), pp.753-770.) Avner Shaked and John Sutton  1987
Paper No' TE/1987/154:

The Complexity of Strategies and the Resolution of Conflict: An Introduction (Now published in Global Macroeconomics: Policy Conflict and Cooperation, Bryant and Portes (eds.), (Macmillan Press, 1987), pp.17-32.) Ariel Rubinstein  1987
Paper No' TE/1987/150:

Remodeled Rational Players (Now published as 'Modeling Rational Players II', in Economics and Philosopy, 4 (1988), pp.9-55.) Ken Binmore  1987
Paper No' TE/1987/149:

Perfect Equilibrium Histories of Finite and Infinite Horizon Games (Now published in Journal of Economic Theory, vol.47, No.1, (1989), pp.218-227.) Tilman Börgers  1987
Paper No' TE/1987/148:

Competitive Equilibrium in a Market with Decentralized Trade and Strategic Behaviour: An Introduction (Now published in The Economics of Imperfect Competition and Employment: John Robinson and Beyond, edited by G. Feiwel, (1989), pp.243-25.) Ariel Rubinstein  1987
Paper No' TE/1987/147:

Unique Implementation of Incentive Contracts with Many Agents (Now published in Review of Economic Studies, LV (1988), pp.555-572.) Ching-to Ma  1987
Paper No' TE/1987/146:

The Structure of Nash Equilibrium in Repeated Games with Finite Automata (Now published in Econometrica, 56 (1988), pp.1259-1282.) Dilip Abreu and Ariel Rubinstein  1987
Paper No' TE/1987/141:

Stopping Agents 'Cheat' (Now published in Journal of Economic Theory, vol.46, No.2, (Dec.1988), pp.355-372.) Ching-to Ma and John Moore  1986
Paper No' TE/1986/135:

Subgame Perfect Implementation (Now published in Econometrica, vol.56, No.5 (1988), pp.1191-1220.) John Moore and Rafael Repullo  1986
Paper No' TE/1986/134:

Modeling Rational Players (Now published as 'Modeling Rational Players I', in Economics and Philosophy, 3 (1987), pp.179-214.) Ken Binmore  1986
Paper No' TE/1986/133:

The Formal Theory of Electricity Pricing and Investment I: A Continuous-Time Model of Deterministic Production Anthony Horsley and Andrew J Wrobel  1986
Paper No' TE/1986/132:

Price Destabilizing Speculation (Now published in Journal of Political Economy (october 1986).) Oliver Hart and David Kreps
October 1986
Paper No' TE/1984/92:

Games with Repeated Decisions (Now published in SIAM J. Control and Optimization, vol.26, No.2 (1988), pp.468-477.) Steve Alpern  1985
Paper No' TE/1985/128:

Non-Cooperative Bargaining Theory: An Introduction (Now published in Review of Economic Studies, vol.53, No.176 (1986), pp.709-724.) John Sutton  1985
Paper No' TE/1985/125:

An Outside Option Experiment (Now published in Rand Journal of Economics, vol.21 (Spring 1990), pp.45-62.) Ken Binmore, Avner Shaked and John Sutton  1985
Paper No' TE/1985/124:

Perfect Equilibrium, Spatial Competition and Multiple Outlets (Now published (with D. Neven) as 'Can Price Competition Dominate Market Segmentation?' in The Journal of Industrial Economics, vol.36, 4 (1988), pp.431-442.) Xavier Martinez  1985
Paper No' TE/1985/120:

The Optimal Linear Income Tax Revisited (Now published in Journal of Public Economics, 31 (1986), pp.163-179.) Martin Hellwig  1985
Paper No' TE/1985/118:

Matching and Bargaining in Dynamic Markets (Now published as 2 papers (see also TE/84/103): 'Security Equilibrium', in Review of Economic Studies, 55 (1988), pp.33-48; and 'Matching and Bargaining in Dynamic Markets' in Review of Economic Studies, 55 (1988), pp.17-31.) Ken Binmore and M.J. Herrero  1985
Paper No' TE/1985/117:

Incomplete Contracts and Renegotiations (Now published in Econometrica, vol.56, No.4 (1988), pp.755-785.) Oliver Hart and John Moore  1985
Paper No' TE/1985/115:

Product Proliferation and Entry Deterrence Revisited Giacomo Bonanno
 1985
Paper No' TE/1985/114:

Product Differentiation and Industrial Structure (Now published in Journal of Industrial Economics, vol.36, No.2 (1987), pp.131-146.) Avner Shaked  1985
Paper No' TE/1985/113:

The Nash Bargaining Solution in Economic Modelling (Now published in Rand Journal of Economics, vol.17 (1986), pp.176-188.) Ken Binmore, Ariel Rubinstein and Asher Wolinsky  1985
Paper No' TE/1985/112:

Finite Automata Play the Repeated Prisoner's Dilemma (Now published in Journal of Economic Theory, No.39 (1986),pp.176-188.) Ariel Rubinstein  1985
Paper No' TE/1985/109:

Fairness or Gamesmanship in Bargaining: An Experimental Study (Now published in American Economic Review, vol.75, (Dec. 1985), pp. 1178-1180.) Ken Binmore, Avner Shaked and John Sutton  1984
Paper No' TE/1984/99:

The Semi-Walrasian Economy Avner Shaked and John Sutton
 1984
Paper No' TE/1984/98:

Incentive-Compatible Debt Contracts: The One-Period Problem (Revised version now published in Review of Economic Studies, 1985).) Douglas Gale and Martin Hellwig  1984
Paper No' TE/1984/97:

Power and Agrarian Relations: Some Concepts and Measurements (Now published in Agrarian Power and Agricultura Productivity in South Asia, edited by M. Desai and A. Rudra, (U.P.C., Berkeley, CA, 1984); and (OUP, Delhi, 1984).) Meghnad Desai  1984
Paper No' TE/1984/95:

Equilibrium in a Market With Sequential Bargaining (Now published in Econometrica 53 (1985), pp. 1133-1150.) Ariel Rubinstein and Asher Wolinsky  1984
Paper No' TE/1984/91:

The Existence of Nash Equilibria in a Model of Growth with Altruism between Generations (Now published in Review of Economic Studies, LIII (1986), pp.349-367.) Wolfgang Leininger  1984
Paper No' TE/1984/88:

Game Theory and The Social Contract: Part I Ken Binmore
 1984
Paper No' TE/1984/108:

Risk Aversion Without Diminishing Marginal Utility Menahem E. Yaari
 1984
Paper No' TE/1984/106:

Equilibrium in a Market With Sequential Bargaining and No Transaction Costs is Walrasian Douglas Gale
 1984
Paper No' TE/1984/104:

Frictionless Non-Walrasian Markets (Now published as 2 papers (see also TE/85/117): 'Security Equilibrium', in Review of Economic Studies, 55 (1988), pp.33-48; and 'Matching and Bargaining in Dynamic Markets' in Review of Economic Studies, 55 (1988), pp.17-31.) Ken Binmore and M.J. Herrero  1984
Paper No' TE/1984/103:

Contracting Between Two Parties with Private Information (Now published in Review of Economic Studies, vol.55 (Jan.1988), pp.49-69.) John Moore  1984
Paper No' TE/1984/102:

The Costs and Benefits of Ownership: A Theory of Vertical Integration (Now published in Journal of Political Economy (August 1986)) Sanford Grossman and Oliver Hart  1984
Paper No' TE/1984/101:

A General-Equilibrium Model of the Transactions Demand for Money Douglas Gale and Martin Hellwig
 1984
Paper No' TE/1984/100:

Global Incentive Constraints in Auction Design (Now published in Econometrica, vol.52, No.6 (November 1984), pp.1523-1535.) John Moore  1983
Paper No' TE/1983/87:

Existence and Price Characterisation of Sub-Game Perfect Nash Equilibria, Relative to the Class of All Continuous Functions, in Altruistic Economies (Now published as two papers in Journal of Economics, vol.44, No.4, (1984) and vol.46, no.4.) John Lane and Wolfgang Leininger  1983
Paper No' TE/1983/86:

Monopolistic Competition in the Spirit of Chamberlain: Special Results (Now published in Economic Journal, 95, (1985).) Oliver Hart  1983
Paper No' TE/1983/85:

The Competitive Stock Market as Cartel Maker: Some Examples Ariel Rubinstein and Menahem E. Yaari
 1983
Paper No' TE/1983/84:

Monopolistic Competition in the Spirit of Chamberlain: A General Model (Now published in Review of Economic Studies, LII, (1985).) Oliver Hart  1983
Paper No' TE/1983/82:

Marshall's Consumer and Quality Choice Anthony Horsley
 1983
Paper No' TE/1983/81:

Incentive Compatible Debt Contracts I: The One-Period Problem (Revised version now published in Review of Economic Studies (1985).) Douglas Gale and Martin Hellwig  1983
Paper No' TE/1983/80:

Implementation in Dominant Strategies Under Complete and Incomplete Information (Now published in Review of Economic Studies, LII (1985), pp.223-229.) Rafael Repullo  1983
Paper No' TE/1983/73:

Lives and Welfare (Now published as 'Lives and Well-Being' in Social Choice and Welfare, vol.5, pp.103-126.) Partha Dasgupta  1983
Paper No' TE/1983/72:

Bargaining and Coalitions I (Now published in Game-theoretic Models of Bargaining edited by Al Roth, (Cambridge University Press, 1985).) Ken Binmore  1983
Paper No' TE/1983/71:

Implementation of Direct Mechanism Under Incomplete Information (Now published in Economic Organizations as Games, edited by K. Binmore and P. Dasgupta, (Basil Blackwell, Oxford, 1986), pp.179-195.) Rafael Repullo  1983
Paper No' TE/1983/69:

Imperfect Competition in General Equilibrium: An Overview of Recent Work (Now published in Frontiers of Economics, edited by K. Arrow and S. Honkapohja, (Basil Blackwell, Oxford, 1985).) Oliver Hart  1983
Paper No' TE/1983/64:

Involuntary Unemployment as a Perfect Equilibrium in a Bargaining Model (Now published in Econometrica, vol.52, (1984), pp.1351-1364.) Avner Shaked and John Sutton  1983
Paper No' TE/1983/63:

On the Efficiency of Equilibrium with Incomplete Markets (Now published in Journal of Economic Theory, vol.44, No.2 (1988), pp.217-230.) Rafael Repullo  1983
Paper No' TE/1983/62:

Reasonable Conjectures Oliver Hart
 1982
Paper No' TE/1982/61:

Two Search Games on Graphs (Now published in SIAM J. Control and Optimization, vol.24, No.1 (1986), pp.66-75.) Steve Alpern and M. Asic  1982
Paper No' TE/1982/60:

Long-Term Relationships Governed by Short-Term Contracts (Now published in American Economic Review, (1988).) V.P. Crawford  1982
Paper No' TE/1982/59:

Perfect Equilibria in Bargaining Models (Now published in The Economics of Bargaining, edited by K. Binmore and P. Dasgupta, (Basil Blackwell, Oxford, 1987.) Ken Binmore  1982
Paper No' TE/1982/58:

Optimal Incentive Schemes in Multiagent Situations (Now published in Review of Economic Studies, (1984).) Dilip Mookherjee  1982
Paper No' TE/1982/57:

The Existence of Equilibrium in Discontinuous Economic Games, 2: Applications (Now published in Review of Economic Studies, LIII (1986), pp.27-41.) Partha Dasgupta and Eric Maskin  1982
Paper No' TE/1982/55:

The Existence of Equilibrium in Discontinuous Economic Games, 1: Theory (Now published in Review of Economic Studies, LIII (1986), pp.1-26.) Partha Dasgupta and Eric Maskin  1982
Paper No' TE/1982/54:

Strategic Considerations in Invention and Innovation: The Case of Natural Resources (Now published in Econometrica, vol. 51, no.5 (1983).) Partha Dasgupta, Richard Gilbert and Joseph Stiglitz  1982
Paper No' TE/1982/53:

Agglomeration as Spatial Interdependence Between Firms and Households (Now published in Journal of Economic Theory, vol.37 (1985), pp.19-31.) Y.Y. Papageorgiou and J.F. Thisse  1982
Paper No' TE/1982/52:

Natural Oligopolies and the Gains from Trade Avner Shaked and John Sutton
 1982
Paper No' TE/1982/51:

Natural Oligopolies and International Trade: An Introduction (Now published in Monopolistic Competition and International Trade, (editor) H. Kierszkowski (O.U.P., 1984).) Avner Shaked and John Sutton  1982
Paper No' TE/1982/50:

Electricity Pricing for Large Supply Systems Anthony Horsley
 1982
Paper No' TE/1982/48:

The Core of an Economy with Transaction Costs (Now published in Review of Economic Studies, LV (1988), pp.447-458.) Rafael Repullo  1982
Paper No' TE/1982/47:

The Theory of Technological Competition (Now published in New Developments in the Analysis of Market Structure, edited by J.E. Stiglitz and F.Mathewson (Macmillan, London and Cambridge, MA, 1986).) Partha Dasgupta  1982
Paper No' TE/1982/46:

The Timing of Sales (Now published in Review of Economic Studies, L1 (1984), p.353-368.) Joel Sobel
 1982
Paper No' TE/1982/45:

Optimal Labour Contracts Under Asymmetric Information: An Introduction (Now published in Review of Economic Studies, (January 1983).) Oliver Hart  1982
Paper No' TE/1982/44:

Price Dynamics Based on the Adjustment of Firms (Now published in The American Economic Review, vol.72, No.5 (December 1982), pp.1088-1096.) Hugo Sonnenschein  1982
Paper No' TE/1982/43:

Dynamic Optimization in Non-Convex Models with Irreversible Investment: Monotonicity and Turnpike Results (Now published in Zeitschrift für National-Ökonomie (Journal of National Economics), vol.42, No.4 (1982), pp.339-362.) Mukul Majumdar and Manfred Nermuth  1982
Paper No' TE/1982/40:

Price Competition Among Differentiated Products: A Detailed Study of a Nash Equilibrium J. Jaskold Gabszewicz, Avner Shaked, John Sutton and J.F. Thisse  1981
Paper No' TE/1981/37:
Full Paper (pdf)
Non-Cooperative Equilibria in Supergames with 'Almost' Cooperative Outcomes Dilip Mookherjee
 1981
Paper No' TE/1981/36:

Natural Oligopolies (Now published in Econometrica, vol.51, No.5, (1983), pp.1469-1483.) Avner Shaked and John Sutton
 1981
Paper No' TE/1981/35:

Cournot-Nash Equilibria in Large Markets: The Case of Declining Average Cost Curves (Now published in Review of Economic Studies, vol.50, (1983), pp.347-354.) Yoshiaki Ushio  1981
Paper No' TE/1981/34:

Altruism and Pareto Optimality (Now published in Economics Letters, (1983).) Joseph Greenberg
 1981
Paper No' TE/1981/26:

Human Environment as a Local Public Good (Now published in Journal of Mathematical Economics, vol.9 (1982), pp.275-283.) Avner Shaked  1981
Paper No' TE/1981/25:

Utilitarianism, Information and Rights (Now published in Utilitarianism and Beyond, edited by Amartya Sen & Bernard Williams, (Cambridge University Press, 1982).) Partha Dasgupta  1981
Paper No' TE/1981/24:

Capital Market Imperfections in Stock Market Economies Douglas Gale
 1981
Paper No' TE/1981/23:

Profitability of Export Restraint (Now published in Journal of International Economics, vol.16 (1984), pp. 335-343.) Yoshiyasu Ono  1981
Paper No' TE/1981/22:

The Existence of Equilibrium in Discontinuous Economic Games, 1: Theory (Revised version now published in Review of Economic Studies, LIII (1986), pp.1-26.) Partha Dasgupta and Eric Maskin  1981
Paper No' TE/1981/21:

Imperfect Capital Markets and the Monetarist Black Box: Liquidity Constraints, Inflation and the Asymmetric Effects of Interest Rate Policy (Now published in Economic Journal, vol. 92, pp.108-128.) Richard Jackman and John Sutton  1981
Paper No' TE/1981/20:

Anti-Hotelling: Relaxing Price Competition Through Product Differentiation (Now published in Review of Economic Studies, vol.49 (January 1982), pp.3-14.) Avner Shaked and John Sutton  1981
Paper No' TE/1981/19:

Resource Pricing and Technological Innovations under Oligopoly: A Theoretical Exploration (Now published in Scandinavian Journal of Economics, vol.83 (1981), pp.289-371.) Partha Dasgupta  1981
Paper No' TE/1981/18:

The Kinked Demand Curve - A Theoretical Approach Yoshiyasu Ono
 1980
Paper No' TE/1980/17:

Nash Bargaining Theory III (Now published in The Economics of Bargaining, edited by K. Binmore and P. Dasgupta, (Basil Blackwell, Oxford, 1987).) Ken Binmore  1980
Paper No' TE/1980/15:

Nash Bargaining Theory II (Now published in The Economics of Bargaining, edited by K. Binmore and P. Dasgupta, Basil Blackwell, Oxford, 1987.) Ken Binmore  1980
Paper No' TE/1980/14:

Perfect Equilibrium in a Bargaining Model (Now published in Econometrica, vol.50, (1982), pp. 97-100.) Ariel Rubinstein
 1980
Paper No' TE/1980/13:

Imperfect Information, Perceived Quality and the Formation of Professional Groups (Now published in Journal of Economic Theory, vol.27, No.1 (1982), pp. 170-18.) John Sutton  1980
Paper No' TE/1980/12:

The Self Regulating Profession (Now published in Review of Economic Studies, vol.48 (1981), pp.217-234.) Avner Shaked and John Sutton  1980
Paper No' TE/1980/11:

Money, Equilibrium and Efficiency (Now published in Money in Equilibrium, ch. 7, (O.U.P, 1982).) Douglas Gale
 1980
Paper No' TE/1980/10:

Nash Bargaining Theory I (Now published in The Economics of Bargaining, edited by K. Binmore and P. Dasgupta (Basil Blackwell, Oxford, 1987).) Ken Binmore  1980
Paper No' TE/1980/09:

The Single Profile Analogues to Multi- Profile Theorems: Mathematical Logic's Approach (Now published in International Economic Review, (1984) pp.719-730.) Ariel Rubinstein  1980
Paper No' TE/1980/07:

Industrial Structure and the Nature of Innovative Activity (Now published in Economic Journal, Vol.90 (June 1980)pp.226-293.) Partha Dasgupta and Joseph Stiglitz  1980
Paper No' TE/1980/04:

A Formal Model of the Long Run Phillips Curve with Trade-off (Now published in Economica, Vol.48 (Nov.1981) pp.329-343.) John Sutton  1980
Paper No' TE/1980/03:

On economic games which are not necessarily superadditive: solution concepts and application to a local public good problem with 'few' agents (Now published in Economic Letters, No.3 (1979) pp.301-306.) Roger Guesnerie and C. Oddou  1979
Paper No' TE/1979/02:

Inventories as an Information-Gathering Device Steve Alpern and Dennis J. Snower

Paper No' TE/1987/151: