Research Publications and Outputs: Recent submissions
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Coalitions, tipping points and the speed of evolution
Published 2013-01-01This study considers pure coordination games on networks and the waiting time for an adaptive process of strategic change to achieve efficient coordination. Although it is in the interest of every player to coordinate on ...Open AccessWorking Paper -
The New Keynesian view of aggregate demand: some reflections from a Sraffian standpoint
Published 2012-11-01The paper contends that the derivation of the aggregate demand curve in the new Keynesian literature is insufficient to provide the theoretical ground for the use to which it is usually put; namely, as a theoretical basis ...Open AccessWorking Paper -
On Broadway and strip malls: how to make a winning team
Published 2012-11-01A successful organization – or Broadway production – needs the right team. A potential issue is that an existing synergy between complementary agents (or assets) can reduce the marginal return of effort, creating a ...Open AccessWorking Paper -
League-Table Incentives and Price Bubbles in Experimental Asset Markets
Published 2012-11-01We study experimental markets in which participants face incentives modeled upon those prevailing in markets for managed funds. Each participant’s portfolio is periodically evaluated at market value and ranked by their ...Open AccessWorking Paper -
An Equilibrium Model of General Practitioner Payment Schemes
Published 2012-07-01In an environment where GPs are of differing quality and heterogeneous patients have different preferences for quality, it is shown that fee-for-service coupled with balance billing is a superior payment scheme to just ...Open AccessWorking Paper