Mathematical Models in Economics (1990)

M O L Bacharach, M A H Dempster & J L Enos (eds)

This volume was prepared to celebrate the 25th Anniversary of the Mathematical Economics Seminar at Oxford in 1988. It was dedicated to W M Gorman, who launched the seminar and inspired all its participants over the years, and was due for publication in 1990 by Oxford University Press. Unfortunately, the TeX script, masterfully prepared by Leslie Stockhausen of the School of Business Administration, Dalhousie University, was originally mislaid by the Press and subsequently lost at Dalhousie. An attempt to revive the publication of the volume in 2000 in light of the distinction of its contributors, all seminar participants, also failed. This is the year in which the introduction was completed.

By popular demand, the original version of the complete TeX script was scanned to make the volume available on the web. It is significant that many of the chapters, based on the events of the 1970's and early 1980's remain highly relevant in the current global economic situation in the 2000's. Author affiliations shown are those of 1990.

Individual contributions are available for download in PDF form - click on the chapter title to access them.

Part I: Theory

1

When do we have information partitions?

Michael Bacharach - Christ Church, Oxford

2

Assembling efficient organizations?

W.M. Gorman - Nuffield College, Oxford

3

The power of small coalitions in large economies

Peter J. Hammond - Stanford University

4

Sorting out the differences between signalling and screening models

Joseph Stiglitz - Stanford University

Andrew Weiss - Boston University

5

Meaning and credibility in cheap-talk games

Joseph Farrell - University of California, Berkeley

6

Random expectation, information and asset markets: an introduction

Margaret Bray - University of Cambridge

7

Wage bargaining and adjustment to shocks

Alistair Ulph - University of Southampton

David Ulph - University of Bristol

8

The costs of imperfect tax systems

J.A. Kay - St. Johns College, Oxford and London Business School

M.J. Keen - University of Essex

9

On macroeconomics: comparative statics

M.A.H. Dempster - Dalhousie University, Halifax, Nova Scotia and Balliol College, Oxford

Otto A. Davis - Carnegie-Mellon University

10

Strategic innovation

John Beath - University of Bristol

Yannis Katsoulacos - University of Liverpool

David Ulph - University of Bristol

Part II: Theory for Policy

11

Monetary and fiscal policy in a 'Hartian' model of imperfect competition

Neil Rankin - University of Warwick (formerly of Queen Mary College, London

12

A theory of the instability of full employment

Kevin Roberts - London School of Economics

13

Price expectations and the behaviour of the price level

R.M. Solow - Massachusetts Institute of Technology

14

Fiscal policies, inflation and capital formation

Martin Feldstein - Harvard University

15

Price discrimination and patent policy

Jerry A. Hausman - Massachusetts Institute of Technology and NBER

Jeffrey K. MacKie-Mason - University of Michigan and NBER

17

The cutting edge of international technological competition

Avinash Dixit - Princeton University

18

Policy reform, shadow prices and market prices

Jean Dreze - London School of Economics

Nicholas Stern - London School of Economics

19

A model of optimal development for an under-employed economy

M.A.H. Dempster - Dalhousie University, Halifax, Nova Scotia and Balliol College, Oxford

J.L. Enos - Magdalene College, Oxford

20

Money and the consumption goods market in China

Richard Portes - Birkbeck College, London

Anita Santorum - Birkbeck College, London

Part III: Policy

21

International poverty projections

Sudhir Anand - St. Catherine's College, Oxford

Ravi Kanbur - University of Warwick and World Bank

22

Modelling money market interest rates

J.S. Fleming - Bank of England

D.G. Barr - Bank of England

23

The effects of fiscal policy on international imbalances: Japan and the United States

John F. Helliwell - University of British Columbia, Vancouver, BC and Department of Finance, Ottawa