Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy Abstract We provide a full behavioral characterization of the standard Shannon model […]
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Scarf’s procedure for integer programming and a dual simplex algorithm Abstract Scarf has recently introduced an algorithm for integer programs
Individuals and institutions Abstract We model situations in which the membership of institutions or groups impacts what they do and
The variability of aggregate demand with (S, s) inventory policies Abstract Presents a simple theory of the aggregate implications of
Multi-dimensional product differentiation and price competition Abstract – Publication Information Oxford University Press Oxford Economic Papers New Series, Vol. 38,
Menu costs and the neutrality of money Abstract Presents the first model of monetary policy state-dependent pricing. In the aggregate,
On 64%-majority rule Abstract Without some restriction on preferences, the majority rule has paradoxical properties, for example allowing cyles. Perhaps
Aggregation and social choice: a mean voter theorem Abstract Provides conditions under which the mean voter’s most preferred outcome is
Aggregation and Imperfect Competition: On the Existence of Equilibrium. Abstract Provides new conditions guaranteeing the existence of pure strategy pricing
State-dependent pricing and the dynamics of money and output Abstract Identifies a special case in which state-dependent (S,s) pricing policies