Frontiers of Economic Research5

  • Market Demand Market Demand: Theory and Empirical Evidence Werner Hildenbrand

    In a major work that is the culmination of over a decade of intensive research, Werner Hildenbrand presents a new theory of market demand, the principal aim of which is to identify the conditions under which the Law of Demand holds...
  • The Paradox of Asset Pricing The Paradox of Asset Pricing Peter Bossaerts

    Asset pricing theory abounds with elegant mathematical models. The logic is so compelling that the models are widely used in policy, from banking, investments, and corporate finance to government. To what extent, however, can these...
  • Learning and Expectations in Macroeconomics Learning and Expectations in Macroeconomics George W. Evans and Seppo Honkapohja

    A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just...
  • Supermodularity and Complementarity Supermodularity and Complementarity Donald M. Topkis

    The economics literature is replete with examples of monotone comparative statics; that is, scenarios where optimal decisions or equilibria in a parameterized collection of models vary monotonically with the parameter. Most of these...
  • Classics in Game Theory Classics in Game Theory Edited by Harold W. Kuhn

    Classics in Game Theory assembles in one sourcebook the basic contributions to the field that followed on the publication of Theory of Games and Economic Behavior by John von Neumann and Oskar Morgenstern (Princeton, 1944). The theory...