Discussion Papers 2003


03-42: Heino Bohn Nielsen, Anders Rahbek: Likelihood Ratio Testing for Cointegration Ranks in I(2) Models. Abstract PDF (326KB)

03-41: Jacob L. Weisdorf: From Foraging to Farming: Explaining the Neolithic Revolution. Abstract PDF (970KB)
→ Publ. in: Journal of Economic Surveys, vol. 19, no. 4, September 2005, pp. 561-86

03-40: Igor Evstigneev, Klaus Reiner Schenk-Hoppé: Volatility-induced Growth in Financial Markets. Abstract PDF (173KB)

03-39: Igor Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé: Evolutionary Stable Stock Markets. Abstract PDF (318KB)
→ Publ. in: Economic Theory, vol. 27, no. 2, February 2006, pp. 449-68

03-38: Frank Hansen: A General Theory of Decision Making. Abstract PDF (346KB)
Rev. version 2005 PDF (rev. version) (188KB)

03-37: João Ejarque,  Ana Balcão Reis: More Lessons from Taking an AK Model to the Data. Abstract PDF (1,35MB)

03-36: Axel Mossin: Flexible Price Formation: The Institutional and Behavioural Foundations. Abstract PDF (437KB)

03-35: Thorsten Hens, Klaus Reiner Schenk-Hoppé, Bodo Vogt: On the Micro-foundations of Money: The Capitol Hill Baby-Sitting Co-op. Abstract PDF (323KB)

03-34: Jacob L. Weisdorf: Stone Age Economics: The Origins of Agriculture and the Emergence of Non-Food Specialists. Abstract PDF (483KB)

03-33: Marco Ottaviani, Peter Norman Sørensen: Late Informed Betting and the Favorite-Longshot Bias. Abstract PDF (293KB)

03-32: Knick Harley: Growth Theory and Industrial Revolutions in Britain and America.
Abstract PDF (220KB)
→ Publ. in: Canadian Journal of Economics, vol. 36, no. 4, November 2003, pp. 809-31

03-31: Roman Frydman & Michael D. Goldberg: Imperfect Knowledge and Asset Price Dynamics: Modeling the Forecasting of Rational Agents, Dynamic Prospect Theory and Uncertainty Premia on Foreign Exchange. Abstract PDF (741KB)

03-30: Hans Keiding, Bezalel Peleg: On the Continuity of Representations of Effectivity Functions. Abstract PDF (296KB)

03-29: Jens Leth Hougaard, Bezalel Peleg, Lars Peter Østerdal: The Dutta-Ray Solution on the Class of Convex Games: A Generalization and Monotonicity Properties.
Abstract PDF (324KB)
→ Publ. in: International Game Theory Review, vol. 7, no. 4, December 2005, pp. 431-42

03-28: Egbert Dierker, Hildegard Dierker, Birgit Grodal: Cournot-Nash Competition in a General Equilibrium Model of International Trade. Abstract PDF (328KB)

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Papers by Participants in
The Birgit Grodal Symposium, Copenhagen, September 2002.
Nos. 03-08 - 03-27

03-27: Kurt Hildenbrand and Reinhard John: On Parametrization in Modelling Behavioral Heterogeneity. Abstract PDF (411KB)

03-26: Werner Hildenbrand and Alois Kneip: On Behavioral Heterogeneity. Abstract PDF (415KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 155-69

03-25: Suzanne Scotchmer: Consumption Externalities, Rental Markets and Purchase Clubs. Abstract PDF (486KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 235-53

03-24: Michel Le Breton and Shlomo Weber: Stable Partitions in a Model with Group-Dependent Feasible Sets. Abstract PDF (443KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 187-201

03-23: Bryan Ellickson, Birgit Grodal, Suzanne Scotchmer, and William Zame: The Organization of Production, Consumption, and Learning. Abstract PDF (811KB)

03-22: Seppo Honkapohja and Kaushik Mitra: Adaptive Learning in Stochastic Nonlinear Models When Shocks Follow a Markov Chain. Abstract PDF (544KB)

03-21: Walter Trockel: Core-Equivalence for the Nash Bargaining Solution.
Abstract PDF (360KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 255-63

03-20: P. J. J. Herings and H. M. Polemarchakis: Pareto Improving Price Regulation When the Asset Market is Incomplete. Abstract PDF (426KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 135-54

03-19: Gaetano Bloise, J. H. Dreze and H. M. Polemarchakis: Monetary Equilibria over an Infinite Horizon. Abstract PDF (474KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 51-74

03-18: Morten Bennedsen and Christian Schultz: Adaptive Contracting: The Trial-and-Error Approach to Outsourcing. Abstract PDF (508KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 35-50

03-17: Robert M. Anderson and Roberto C. Raimondo: Market Clearing and Derivative Pricing. Abstract PDF (452KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 21-34

03-16: Beth Allen: On the Definition of Differentiated Products in the Real World.
Abstract PDF (436KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 3-20

03-15: Antoni Bosch-Domènech and Joaquim Silvestre: Do the Wealthy Risk More Money? An Experimental Comparison. Abstract PDF (349KB)

03-14: Kala Krishna and Torben Tranæs: Menu Auctions with Demand Uncertainty.
Abstract PDF (556KB)

03-13: Karl Vind and Birgit Grodal: Equilibria with Arbitrary Market Structure.
Abstract PDF (417KB)
→ Publ. as: 'Equilibrium with Arbitrary Market Structure', in Economic Theory, vol. 25, no. 1, January 2005, pp. 123-134

03-12: Mogens Jensen, Birgitte Sloth and Hans Jørgen Whitta-Jacobsen: The Evolution of Conventions under Incomplete Information. Abstract PDF (438KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 171-85

03-11: Hans Gersbach and Hans Haller: When Inefficiency Begets Efficiency.
Abstract PDF (486KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 105-21

03-10: Lars Tyge Nielsen: Monotone Risk Aversion. Abstract PDF (336KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 203-15

03-09: Egbert Dierker, Hildegard Dierker and Birgit Grodal: Are Incomplete Markets Able to Achieve Minimal Efficiency? Abstract PDF (392KB)
→ Publ. in: Economic Theory, vol. 25, no. 1, January 2005, pp. 75-87

03-08: John E. Roemer: Does Democracy Engender Equality? Abstract PDF (615KB)
→ Publ. as: 'Will Democracy Engender Equality?', in Economic Theory, vol. 25, no. 1, January 2005, pp. 217-34

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03-07: Lars Peter Østerdal: Iterated weak dominance and subgame dominance. Abstract PDF (303KB)
→ Publ. in: Journal of Mathematical Economics, vol. 41, no. 6, September 2005, pp. 637-45

03-06: João Ejarque, Ana Balcão Reis: The Poverty of Linear Nations: Lessons from Taking an AK Model to the Data. Abstract PDF (527KB)

03-05: Heino Bohn Nielsen: Cointegration Analysis in the Presence of Outliers.
Abstract PDF (623KB)
→ Publ. in: Econometrics Journal, vol. 7, no. 1, 2004, pp. 249-71

03-04: Hector Estrup: Some remarks on the concepts of Preferences and Freedom of choice. Abstract PDF (136KB)

03-03: Thorsten Hens, Klaus Reiner Schenk-Hoppé: Evolutionary Stability of Portfolio Rules in Incomplete Markets. Abstract PDF (389KB)
→ Publ. in: Journal of Mathematical Economics, vol. 41, no. 1-2, February 2005, pp. 43-66

03-02: Jens Leth Hougaard, Hans Keiding, Lars P. Østerdal: Monotonicity of Social Optima With Respect to Participation Constraints.  Abstract PDF (276KB)

03-01: Katarina Juselius: Wage, Price, and Unemployment Dynamics and the Convergence to Purchasing Power Parity in the Euro Area.  Abstract PDF (589KB)