ARTICLES: Pdf files

"Normative Properties of Stock market Equilibrium with Moral Hazard", with M. Magill, forthcoming in Journal of Mathematical Economics, 2006.

§       “Common Shock and Relative Compensation”, with M. Magill,, Annals of Finance, 2006, 2, 407-420.

§       "Demography and the Long-run Predictability of the Stock Market", with John Geanakoplos and M. Magill, in Brookings Papers on Economic Activity, 2004, 1, pp. 241-307

§          “Nonshiftable Capital, Affine Price Expectations, and Convergence to the Golden Rule”, with Michael Magill, Journal of Mathematical Economics, vol 39, 2003, pp 239-272.

§       “Indeterminacy of Equilibrium in Stochastic OLG models”, with Michael Magill,
Economic Theory, Vol. 21, 2003, pp 435-454

§       “Incentives and the Stock Market in General Equilibrium,” with M. Magill, General Equilibrium: Problems, Prospects and Alternatives, F. Hahn and F. Pietri eds, New-York: Routledge, 2003.

§       “Intermediation, The Stock Market and Intergenerational Transfers,” with M. Magill, in General Equilibrium: Problems, Prospects and Alternatives, F. Hahn and F. Pietri eds, New-York: Routledge, 2003.

§       “Capital Market Equilibrium with Moral Hazard,” with M. Magill, Journal of Mathematical Economics, vol. 38, 2002, pp. 149-190 .

§       “Infinite Horizon CAPM Equilibrium”, with M. Magill, Economic Theory, vol. 15 2000, pp. 103-138.

§       “Incentives and Risk Sharing in a Stock Market Equilibrium”, with M. Magill, in Current Trends in Economics: Theory and Applications, Volume 8, A. Alkan, C.D. Aliprantis and N.C. Yannelis eds., Springer-Verlag, 1999.

§       “Buying Several Indivisible Goods”, with C. Bevia, J. A. Silva, Mathematical Social Sciences, vol. 37, 1999, pp 1-25.

§       “Which Improves Welfare More: a Nominal or an Indexed Bond? “, with M. Magill, Economic Theory, vol. 10, 1997, pp. 1-38.

§       “Incomplete Markets Over An Infinite Horizon: Long Lived Securities and Speculative Bubbles”, with M. Magill, Journal of Mathematical Economics, vol. 26, 1996, pp. 133-170.

§       “Infinite Horizon Incomplete Markets”, with M. Magill, Econometrica, vol. 62, 1994, pp. 853-880.

§       “Real Effects of Money in General Equilibrium,” with M. Magill, Journal of Mathematical Economics, vol. 21, 1992, pp. 301-342.

§       “Efficiency of Marginal Cost Pricing Equilibrium”, in Equilibrium and Dynamics, Essays in Honor of David Gale, M. Majumdar ed., Macmillan, 1992.

§       “The Non-Neutrality of Money in a Production Economy with Nominal Assets,” with M. Magill, in   Equilibrium Theory and Applications, W.A. Barnett et al., eds, Cambridge University Press, 1991.

§       “On the Optimality of Central Places” with J. Thisse, Econometrica, 1990, vol. 58, pp. 1101-1120.

§       “Generic Inefficiency of Stock Market Equilibrium When Markets are Incomplete” with J. Geanakoplos, M. Magill and J. Dreze, Journal of Mathematical Economics, 1990, vol. 19, pp. 113-152.

§       “The Dynamics of Capacity Adjustments in a Competitive Economy,” with J. Jaskold-Gabszewicz, European Economic Review, 1986, vol. 30, pp. 729-748.

§       “Multidimensional Signalling” with J.C. Rochet, Journal of Mathematical Economics, vol. 14, 1985, pp. 261-284.

§       “Core and Competitive Equilibria with Indivisibilities,” International Journal of Game Theory, vol. 13, 1984, pp. 41-60.

§       “Decentralization for the Core of a Production Economy with Increasing Returns” with T. Ichiishi, International Economic Review, vol. 24, 1983, pp. 397-412.

§       “An Existence Theorem for the Core of a Productive Economy with Increasing Returns,” Journal of Economic Theory, vol. 18, 1982, pp. 32-50.

§       “Définition et Existence du Noyau dans un Modèle d'Economie où la Production Présente des Rendements Croissants”, Cahiers du Séminaire d'Econométrie, no. 23, 1981, pp. 105-119.

§       “Asymptotic Value of Mixed Games” with F. Fogelman, Mathematics of Operations Research, vol. 5, 1980, pp. 86-93.

§       “A Stable Path to Optimal Taxation,” with F. Fogelman and R. Guesnerie, in New Trends in Dynamic System Theory and Economics, Academic Press, 1979, pp. 365-375.

§       “Dynamic Processes for Tax Reform Theory” with F. Fogelman and R. Guesnerie, Journal of Economic Theory, vol. 17, 1978, pp. 200-226.