Professor Schmedders

 

 

research
working papers
published
other
 


working papers

A Solution Method for Incomplete Asset Markets with Heterogeneous Agents,” with Kenneth L. Judd and Felix Kubler.

“Optimal Rules for Patent Races” with Kenneth L. Judd and Sevin Yeltekin, CMS-EMS discussion paper #1343, Northwestern University.

“A Computational Approach to Proving Uniqueness in Dynamic Games,” with Kenneth L. Judd.

“Two-Fund Separation in Dynamic General Equilibrium,” CMS-EMS discussion paper #1398, Northwestern University.

“Bond Portfolios and Two-Fund Separation in the Lucas Asset-Pricing Model,” with Kenneth L. Judd and Felix Kubler.

“Homotopy Path-Following with EasyHomotopy: Solving Nonlinear Equations for Economic Models”

“Competitive Equilibria in Semi-Algebraic Economies,” with Felix Kubler, PIER working paper 07 - 013.

published

“Numerical Optimization Methods in Economics,” forthcoming in The New Palgrave: A Dictionary of Economics, 2nd Edition.

“On Price Caps Under Uncertainty,” with Robert L. Earle and Tymon Tatur, Review of Economic Studies, 74 (2007) 93 – 111.

“Reply to: Asset-Trading Volume with Dynamically Complete Markets and Heterogeneous Agents: Comment,” with Kenneth L. Judd and Felix Kubler, Finance Research Letters, 3 (2006) 102 – 105.

“Computing Equilibria in Finance Economies with Incomplete Markets and Transaction Costs,” with P. Jean-Jacques Herings, Economic Theory, 27 (2006) 493 – 512. [lead article]

“Approximate versus Exact Equilibria in Dynamic Economies,” with Felix Kubler, Econometrica, 73 (2005) 1205 – 1235.

“Excess Price Volatility and Financial Innovation,” with Alessandro Citanna, Economic Theory, 26 (2005) 559 – 587.

“Effects of Asset Market Structure on Welfare and Trading Volume,” with Kenneth L. Judd and Felix Kubler, in Assets, Beliefs, and Equilibria in Economic Dynamics, Essays in Honor of Mordecai Kurz, ed. by C. D. Aliprantis, K. J. Arrow, P. Hammond, F. Kubler, H.-M. Wu, and N. C. Yannelis, New York: Springer-Verlag, 2004.

“Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral,” with Felix Kubler, Econometrica, 71 (2003) 1767 – 1793.

“Computational Methods for Dynamic Equilibria with Heterogeneous Agents,” with Kenneth L. Judd and Felix Kubler, in Advances in Economic Theory and Econometrics Volume III, ed. by M. Dewatripoint, L. P. Hansen, and S. J. Turnovsky, New York: Econometric Society, 2003.

“Asset-Trading Volume with Dynamically Complete Markets and Heterogeneous Agents,” with Kenneth L. Judd and Felix Kubler, The Journal of Finance, 58 (2003) 2203 – 2217. [This paper received a nomination for the 2003 Smith-Breeden Prize.]

“Generic Inefficiency of Equilibria in the General Equilibrium Model with Incomplete Asset Markets and Infinite Time,” with Felix Kubler, Economic Theory, 22 (2003) 1 – 15. [lead article]

“The Fibonacci Sequence: Relationship to the Human Hand,” with Andrew Park, John Fernandez and Mark Cohen, The Journal of Hand Surgery, 28 (2003) 157 – 160.

“Recursive Equilibria in Economies with Incomplete Markets,” with Felix Kubler, Macroeconomic Dynamics, 6 (2002) 284 – 306.

“Incomplete Markets, Transitory Shocks, and Welfare,” with Felix Kubler, Review of Economic Dynamics, 4 (2001) 747 – 766.

“Monopolistic Security Design in Finance Economies,” Economic Theory, 18 (2001) 37 – 72.

“Computing Equilibria in Stochastic Finance Economies,” with Felix Kubler, Computational Economics, 15 (2000) 145 – 172.

“Computing Equilibria in Infinite Horizon Finance Economies: The Case of One Asset,” with Kenneth L. Judd and Felix Kubler, Journal of Economic Dynamics and Control, 24 (2000) 1047 – 1078.

“A Homotopy Algorithm and an Index Theorem for the General Equilibrium Model with Incomplete Asset Markets,” Journal of Mathematical Economics, 32 (1999) 225 – 241.

“General Equilibrium Models and Homotopy Methods,” with B. Curtis Eaves, Journal of Economic Dynamics and Control, 23 (1999) 1249 – 1279.

“The Impact of Portfolio Constraints in Infinite-Horizon Incomplete-Markets Models,” with Kenneth L. Judd and Felix Kubler, inThe Theory of Markets, ed. by P.J.J. Herings, G. van der Laan, and A. Talman, North-Holland, 1999.

“On Multiplicity of Competitive Equilibria when Financial Markets are Incomplete,” with Thorsten Hens and Beate Voss, in The Theory of Markets, ed. by P.J.J. Herings, G. van der Laan, and A. Talman, North-Holland, 1999.

“A Cellation of the Grassmann Manifold,” with B. Curtis Eaves, Mathematical Programming 83 (1998) 253 – 262.

“Computing Equilibria in the General Equilibrium Model with Incomplete Asset Markets,” Journal of Economic Dynamics and Control 22 (1998) 1375 – 1401.

other

Book Review of “Applied Computational Economics and Finance” by Mario J. Miranda and Paul L. Fackler, The Economic Journal 113 (2003) F661 – F663.

 
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