John Geanakoplos

Yale University

James Tobin Professor of Economics; Director Hellenic Studies, Yale University, External Professor Santa Fe Institute, Chair Yale Faculty of Arts and Sciences Senate

30 Hillhouse Avenue

New Haven, CT 06511

United States

http://https://economics.yale.edu/people/faculty/john-geanakoplos

Santa Fe Institute

External Professor

1399 Hyde Park Road

Santa Fe, NM 87501

United States

  • Yale University

    • Email
    • Tel: 203-432-3397

  • Santa Fe Institute

SCHOLARLY PAPERS

70

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31,632

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Top 855

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739

Scholarly Papers (70)

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1.

Demography and the Long-Run Predictability of the Stock Market

Number of pages: 33 Posted: 24 Sep 2002
John Geanakoplos, Michael J. P. Magill and Martine Quinzii
Yale University, University of Southern California - Department of Economics and University of California, Davis - Department of Economics
Downloads 5,773 (3,032)
Citation 12

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Demography, Price Earnings Ratio, Returns, Efficient Markets, Baby-boom, Savings

2.

Credit Cards and Inflation

Cowles Foundation Discussion Paper No. 1709
Number of pages: 51 Posted: 18 Jun 2009
John Geanakoplos and Pradeep K. Dubey
Yale University and SUNY Stony Brook - Center for Game Theory in Economics
Downloads 2,600 (11,333)
Citation 4

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Credit cards, Outside money, Inside money, Central bank, Inflation, Stagflation

3.

Three Brief Proofs of Arrow's Impossibility Theorem

Number of pages: 6 Posted: 16 Jul 2001
John Geanakoplos
Yale University
Downloads 1,674 (22,793)
Citation 2

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Arrow Impossibility Theorem, Pivotal, Neutrality

4.

The Leverage Cycle

Downloads 1,658 (23,139)
Citation 61

The Leverage Cycle

Cowles Foundation Discussion Paper No. 1715
Number of pages: 55 Posted: 05 Aug 2009
John Geanakoplos
Yale University
Downloads 1,140 (39,609)
Citation 52

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Leverage, Collateral, Cycle, Crisis, Regulation

The Leverage Cycle

Cowles Foundation Discussion Paper No. 1715R
Number of pages: 58 Posted: 20 Jan 2010
John Geanakoplos
Yale University
Downloads 518 (113,286)
Citation 9

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Leverage, Collateral, Cycle, Crisis, Regulation

5.

Getting at Systemic Risk Via an Agent-Based Model of the Housing Market

Cowles Foundation Discussion Paper No. 1852
Number of pages: 14 Posted: 11 Mar 2012
John Geanakoplos, Robert Axtell, J. Doyne Farmer, Peter Howitt, Benjamin Conlee, Jonathan Goldstein, Matthew Hendrey, Nathan Palmer and Chun-Yi Yang
Yale University, George Mason University - Department of Computational Social Science, University of Oxford - Institute for New Economic Thinking at the Oxford Martin School, Brown University - Department of Economics, Independent, affiliation not provided to SSRN, George Mason University - Department of Computational Social Science, Board of Governors of the Federal Reserve System and Independent
Downloads 1,114 (41,680)
Citation 18

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Agent based models, Housing prices, Boom and bust, Leverage, Interest rates, Foreclosures, Systemic risk

6.

Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium

Number of pages: 36 Posted: 27 Sep 2001
John Geanakoplos
Yale University
Downloads 956 (51,634)
Citation 17

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Liquidity, Default, Collateral, Crashes, General Equilibrium, Contracts, Spillover, Liquidity Premium

7.

Solving the Present Crisis and Managing the Leverage Cycle

Downloads 898 (56,283)
Citation 171

Solving the Present Crisis and Managing the Leverage Cycle

Cowles Foundation Discussion Paper No. 1751
Number of pages: 49 Posted: 21 Jan 2010
John Geanakoplos
Yale University
Downloads 785 (66,501)
Citation 62

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Leverage, Collateral, Margins, Leverage cycle, Externality, Principal

Solving the Present Crisis and Managing the Leverage Cycle

Economic Policy Review, Vol. 16, No. 1, p. 101, August 2010
Number of pages: 31 Posted: 17 Sep 2010
John Geanakoplos
Yale University
Downloads 113 (514,666)
Citation 109

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Leverage, Collateral, Margins, Leverage Cycles, Externality, Principal

8.

The Virtues and Vices of Equilibrium and the Future of Financial Economics

Cowles Foundation Discussion Paper No. 1647
Number of pages: 69 Posted: 24 Mar 2008
J. Doyne Farmer and John Geanakoplos
University of Oxford - Institute for New Economic Thinking at the Oxford Martin School and Yale University
Downloads 895 (56,546)
Citation 7

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Equilibrium, Rational expectations, Efficiency, Arbitrage, Bounded rationality, Power laws, Disequilibrium, Zero intelligence, Market ecology, Agent based modeling

9.

International Finance in General Equilibrium

Number of pages: 51 Posted: 25 Aug 2001
John Geanakoplos and Dimitrios P. Tsomocos
Yale University and University of Oxford - Said Business School and St. Edmund Hall
Downloads 881 (57,871)
Citation 3

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Currency, Cash, Fiscal Policy, Monetary Policy, Money, Trade

10.

Leverage Causes Fat Tails and Clustered Volatility

Downloads 733 (73,949)
Citation 36

Leverage Causes Fat Tails and Clustered Volatility

Cowles Foundation Discussion Paper No. 1745R
Number of pages: 15 Posted: 23 Nov 2011
Stefan Thurner, J. Doyne Farmer and John Geanakoplos
Institute for Science of Complex Systems, Medical University of Vienna, University of Oxford - Institute for New Economic Thinking at the Oxford Martin School and Yale University
Downloads 414 (148,237)
Citation 1

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Systemic risk, Clustered volatility, Fat tails, Crash, Margin calls, Leverage

Leverage Causes Fat Tails and Clustered Volatility

Cowles Foundation Discussion Paper No. 1745
Number of pages: 20 Posted: 11 Jan 2010 Last Revised: 18 Mar 2010
Stefan Thurner, J. Doyne Farmer and John Geanakoplos
Institute for Science of Complex Systems, Medical University of Vienna, University of Oxford - Institute for New Economic Thinking at the Oxford Martin School and Yale University
Downloads 319 (197,913)
Citation 35

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Systemic risk, Clustered volatility, Fat tails, Crash, Margin calls, Leverage

11.

Hyperbolic Discounting is Rational: Valuing the Far Future with Uncertain Discount Rates

Cowles Foundation Discussion Paper No. 1719
Number of pages: 18 Posted: 15 Aug 2009
J. Doyne Farmer and John Geanakoplos
University of Oxford - Institute for New Economic Thinking at the Oxford Martin School and Yale University
Downloads 653 (85,661)
Citation 28

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Hyperbolic discounting, Environment, Time consistent, Exponential discounting, Geometric random walk, Term structure of interest rates

12.

Default and Punishment in General Equilibrium

Downloads 600 (95,473)
Citation 41

Default and Punishment in General Equilibrium

Number of pages: 35 Posted: 15 Apr 2003
Pradeep K. Dubey, John Geanakoplos and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Yale University - School of Management
Downloads 308 (205,653)
Citation 1

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Default, Incomplete Markets, Adverse Selection, Moral Hazard, Equilibrium Refinement, Endogenous Assets

Default and Punishment in General Equilibrium

Number of pages: 39 Posted: 16 Aug 2004
Pradeep K. Dubey, John Geanakoplos and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Yale University - School of Management
Downloads 149 (412,374)
Citation 39

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Default, Incomplete markets, Adverse selection, Moral hazard, Equilibrium refinement, Endogenous assets

Default and Punishment in General Equilibrium

Number of pages: 36 Posted: 08 Dec 2003
Pradeep K. Dubey, John Geanakoplos and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Yale University - School of Management
Downloads 143 (426,461)
Citation 1

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Default, incomplete markets, adverse selection, moral hazard, equilibrium refinement, endogenous assets

13.

Social Security Money's Worth

Downloads 583 (98,983)
Citation 8

Social Security Money's Worth

Columbia Business School, PaineWebber Working Paper No. PW-98-05
Number of pages: 72 Posted: 04 Feb 1999
John Geanakoplos, Olivia S. Mitchell and Stephen P. Zeldes
Yale University, and Columbia University - Columbia Business School
Downloads 480 (124,196)
Citation 8

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Social Security Money's Worth

NBER Working Paper No. w6722
Number of pages: 71 Posted: 11 Jul 2000 Last Revised: 14 Nov 2022
John Geanakoplos, Olivia S. Mitchell and Stephen P. Zeldes
Yale University, and Columbia University - Columbia Business School
Downloads 103 (552,065)

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14.

Overlapping Generations Models of General Equilibrium

Cowles Foundation Discussion Paper No. 1663
Number of pages: 41 Posted: 28 May 2008
John Geanakoplos
Yale University
Downloads 503 (118,847)
Citation 1

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Demography, Inefficiency, Indeterminacy, Money, Bubbles, Cycles, Rate of interest, Impatience, Land, Infinity, Expectations, Social security, Golden rule

15.

Reviewing the Leverage Cycle

Cowles Foundation Discussion Paper No. 1918
Number of pages: 51 Posted: 27 Sep 2013
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 492 (122,301)
Citation 10

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Leverage, Leverage cycle, Volatility, Collateral equilibrium, Collateral value, Liquidity wedge, Flight to collateral, Contagion, Adverse selection, Agent based models

16.

Would a Privatized Social Security System Really Pay a Higher Rate of Return?

Columbia Business School, PaineWebber Working Paper No. PW-98-03
Number of pages: 35 Posted: 16 Feb 1999
John Geanakoplos, Olivia S. Mitchell and Stephen P. Zeldes
Yale University, and Columbia University - Columbia Business School
Downloads 487 (123,566)
Citation 27

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17.

Tranching, CDS and Asset Prices: How Financial Innovation Can Cause Bubbles and Crashes

Downloads 479 (126,084)
Citation 39

Tranching, CDS and Asset Prices: How Financial Innovation Can Cause Bubbles and Crashes

Cowles Foundation Discussion Paper No. 1809R
Number of pages: 49 Posted: 19 Aug 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 270 (236,059)
Citation 31

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Financial innovation, Endogenous leverage, Collateral equilibrium, CDS, Tranching and asset prices

Tranching, CDS and Asset Prices: How Financial Innovation Can Cause Bubbles and Crashes

Cowles Foundation Discussion Paper No. 1809
Number of pages: 48 Posted: 16 Jul 2011 Last Revised: 26 Jul 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 209 (303,985)
Citation 8

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Financial innovation, Endogenous leverage, Collateral equilibrium, CDS, Tranching and Asset prices

18.

Why Does Bad News Increase Volatility and Decrease Leverage?

Downloads 461 (131,969)
Citation 7

Why Does Bad News Increase Volatility and Decrease Leverage?

Cowles Foundation Discussion Paper No. 1762
Number of pages: 35 Posted: 15 Jul 2010
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 186 (339,226)
Citation 7

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Endogenous leverage, Post-bad news volatility, Post-good news volatility, Volatility smile

Why Does Bad News Increase Volatility and Decrease Leverage?

Cowles Foundation Discussion Paper No. 1762R
Number of pages: 43 Posted: 31 Jan 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 142 (428,824)

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Collateral, Endogenous leverage, VaR, Volatility, Volatility Smile

Why Does Bad News Increase Volatility and Decrease Leverage?

Cowles Foundation Discussion Paper No. 1762RR
Number of pages: 48 Posted: 19 Aug 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 133 (452,259)

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Collateral, Endogenous leverage, VaR, Volatility, Volatility smile

19.

Social Security Investment in Equities I: Linear Case

Downloads 427 (144,467)
Citation 6

Social Security Investment in Equities I: Linear Case

Number of pages: 29 Posted: 25 Aug 2001
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University
Downloads 199 (318,452)

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Social Security, Privatization, Diversification

Social Security Investment in Equities I: Linear Case

Number of pages: 18 Posted: 12 Jul 1999
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University
Downloads 175 (358,507)
Citation 2

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Social Security Investment in Equities I: Linear Case

NBER Working Paper No. w7103
Number of pages: 20 Posted: 11 Jul 2000 Last Revised: 30 Nov 2022
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University
Downloads 53 (808,201)
Citation 4

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Social Security Investment in Equities I: Linear Case

Center for Retirement Research at Boston College, 1999
Posted: 10 Mar 2010
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University

Abstract:

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20.

Greek Debt and American Debt: Graduation Speech at the University of Athens Economics and Business School

Cowles Foundation Discussion Paper No. 1837
Number of pages: 14 Posted: 01 Dec 2011
John Geanakoplos
Yale University
Downloads 404 (154,013)

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Greek, Parents, Mathematical economics, Yale, Mortgage, Collateral, Securitization, Leverage, Foreclosure, Forgive, Principal

21.

Social Security Investment in Equities

Number of pages: 31 Posted: 06 Sep 2002
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University
Downloads 388 (161,155)

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Social Security, Privatization, Diversification

22.

Monitoring Leverage

Cowles Foundation Discussion Paper No. 1838
Number of pages: 19 Posted: 02 Dec 2011
John Geanakoplos and Lasse Heje Pedersen
Yale University and AQR Capital Management, LLC
Downloads 375 (167,367)
Citation 2

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Leverage, Loan to value, Margins, Haircuts, Monitor, Regulate, Leverage on new loans, Asset leverage, Investor leverage

23.

Grading Exams: 100, 99, ..., 1, or a, B, C?

Number of pages: 35 Posted: 30 Jul 2004
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 338 (187,574)

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Status, incentives, education, grading, wages

24.

The Ideal Inflation Indexed Bond and Irving Fisher's Impatience Theory of Interest in an Overlapping Generations World

Number of pages: 41 Posted: 23 Jul 2003
John Geanakoplos
Yale University
Downloads 332 (191,265)

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Impatience, Theory of interest, Inflation indexed bond, Konus index, Capital asset pricing, Efficiency, Overlapping generations, Land

25.

Nash and Walras Equilibrium

Number of pages: 19 Posted: 16 Jul 2001
John Geanakoplos
Yale University
Downloads 328 (193,713)

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Equilibrium, Nash, Walras, Brouwer, Kakutani

26.

Credit Surfaces, Economic Activity, and Monetary Policy

Number of pages: 21 Posted: 02 Aug 2019
John Geanakoplos and David E Rappoport W
Yale University and Board of Governors of the Federal Reserve System
Downloads 310 (205,787)
Citation 1

Abstract:

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credit surface, monetary policy, monetary policy shocks, interest rates, mortgages

27.

Discounting the Distant Future

Cowles Foundation Discussion Paper No. 1951
Number of pages: 32 Posted: 16 Jul 2014
J. Doyne Farmer, John Geanakoplos, Jaume Masoliver, Miquel Montero and Josep Perelló
University of Oxford - Institute for New Economic Thinking at the Oxford Martin School, Yale University, University of Barcelona - Department of Physics, University of Barcelona - Departament de Física de la Matèria Condensada and University of Barcelona - Department of Physics
Downloads 306 (209,419)
Citation 3

Abstract:

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Discounting, Environment, Interest rates, Inflation, Ornstein-Uhlenbeck process

28.

Signalling and Default: Rothschild-Stiglitz Reconsidered

Number of pages: 29 Posted: 25 Jun 2001
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 301 (212,342)
Citation 1

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Default, Incomplete Markets, Adverse Selection, Moral Hazard, Equilibrium Refinement, Signalling, Endogenous Assets

29.

From Nash to Walras Via Shapley-Shubik

Number of pages: 12 Posted: 10 May 2002
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 298 (214,553)
Citation 3

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Nash Equilibrium, Walras Equilibrium, Shapley-Shubik Trading-posts Game, Money

30.

Money and Status: How Best to Incentivize Work

Downloads 292 (219,211)
Citation 2

Money and Status: How Best to Incentivize Work

Cowles Foundation Discussion Paper No. 1954R2
Number of pages: 55 Posted: 22 Feb 2017
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 218 (291,902)
Citation 2

Abstract:

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Status, Incentives, Wages

Money and Status: How Best to Incentivize Work

Cowles Foundation Discussion Paper No. 1954R
Number of pages: 55 Posted: 25 Aug 2016
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 74 (679,540)

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Status, Incentives, Wages

31.

Competitive Pooling: Rothschild-Stiglitz Reconsidered

Number of pages: 34 Posted: 14 Jan 2002
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 281 (228,174)
Citation 17

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Competitive Pooling, Insurance, Adverse Selection, Signalling, Refined Equilibrium, Separating Equilibrium

32.

Global Collateral and Capital Flows

Cowles Foundation Discussion Paper No. 2076
Number of pages: 53 Posted: 22 Feb 2017 Last Revised: 17 Oct 2023
Ana Fostel, John Geanakoplos and Gregory Phelan
University of Virginia, Yale University and Williams College
Downloads 278 (230,628)
Citation 9

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Collateral, gross capital flows, asset prices, trade balance, securitized markets, asset-backed securities.

33.

Financial Innovation, Collateral and Investment

Downloads 276 (232,344)
Citation 25

Financial Innovation, Collateral and Investment

Cowles Foundation Discussion Paper No. 1903R
Number of pages: 52 Posted: 10 Mar 2015
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 168 (371,729)
Citation 6

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Financial innovation, Collateral, Investment, Repayment enforceability problems, Cash flow problems, Leverage, CDS, Non-existence, Marginal efficiency

Financial Innovation, Collateral and Investment

Cowles Foundation Discussion Paper No. 1903
Number of pages: 40 Posted: 01 Aug 2013
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 108 (532,707)
Citation 19

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Financial innovation, Collateral capacity, Investment, Leverage, Naked CDS, Collateral equilibrium, Non-existence

34.

Leverage and Default in Binomial Economies: A Complete Characterization

Downloads 273 (234,946)
Citation 48

Leverage and Default in Binomial Economies: A Complete Characterization

Cowles Foundation Discussion Paper No. 1877RRR
Number of pages: 47 Posted: 10 Mar 2015
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 94 (587,917)
Citation 1

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Endogenous leverage, Default, Collateral equilibrium, Financial asset, Binomial economy, LTV, Diluted leverage, Down risk

Leverage and Default in Binomial Economies: A Complete Characterization

Cowles Foundation Discussion Paper No. 1877RR
Number of pages: 46 Posted: 16 Aug 2014
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 92 (596,053)
Citation 10

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Endogenous leverage, Default, Collateral equilibrium, Financial asset, Binomial economy, VaR, Diluted leverage, Down risk

Leverage and Default in Binomial Economies: A Complete Characterization

Cowles Foundation Discussion Paper No. 1877R
Number of pages: 40 Posted: 01 Aug 2013
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 87 (617,632)
Citation 37

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Endogenous leverage, Default, Collateral equilibrium, Financial asset, Binomial economy, VaR, Diluted leverage, Volatility

35.

Quantitative Easing, Collateral Constraints, and Financial Spillovers

Downloads 271 (236,764)
Citation 6

Quantitative Easing, Collateral Constraints, and Financial Spillovers

Cowles Foundation Discussion Paper No. 2154
Number of pages: 43 Posted: 14 Dec 2018
John Geanakoplos, Haobin Wang and Haobin Wang
Yale University and Yale UniversityIMF
Downloads 137 (441,389)

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Quantitative easing, Collateral, Leverage, Financial spillovers, Emerging markets, Capital flows

Quantitative Easing, Collateral Constraints, and Financial Spillovers

Cowles Foundation Discussion Paper No. 2154, 2018
Number of pages: 43 Posted: 08 Jan 2019
John Geanakoplos, Haobin Wang and Haobin Wang
Yale University and Yale UniversityIMF
Downloads 134 (449,477)
Citation 6

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Quantitative Easing, Collateral, Leverage, Financial Spillovers, Emerging Markets, Capital Flows

36.

Inside and Outside Fiat Money, Gains to Trade, and Is-Lm

Number of pages: 55 Posted: 16 Jul 2001
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 257 (249,775)
Citation 14

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Central Bank, Gains To Trade, Inside Money, Is-Lm, Outside Money

37.

Collateral Equilibrium: A Basic Framework

Cowles Foundation Discussion Paper No. 1906
Number of pages: 60 Posted: 21 Aug 2013
John Geanakoplos and William R. Zame
Yale University and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 251 (255,867)
Citation 41

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Collateral, Default, GEI

38.

Games with Money and Status: How Best to Incentivize Work

Cowles Foundation Discussion Paper No. 1954
Number of pages: 47 Posted: 16 Jul 2014
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 222 (288,291)

Abstract:

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Status, Incentives, Wages

39.

The Harmonic Fisher Equation and the Inflationary Bias of Real Uncertainty

Number of pages: 28 Posted: 10 Jun 2003
Ioannis Karatzas, Martin Shubik, William D. Sudderth and John Geanakoplos
Columbia University - Department of Statistics, Yale University - School of Management, University of Minnesota and Yale University
Downloads 216 (295,873)
Citation 3

Abstract:

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Inflation, Equilibrium, Control, Interest Rate, Central Bank, Harmonic Fisher Equation

40.

Grading Exams: 100, 99, 98,...Or A, B, C?

Cowles Foundation Discussion Paper No. 1710
Number of pages: 38 Posted: 18 Jun 2009
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 213 (299,818)
Citation 11

Abstract:

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Status, Grading, Incentives, Education, Exams

41.

Grading in Games of Status: Marking Exams and Setting Wages

Cowles Foundation Discussion Paper No. 1544R
Number of pages: 45 Posted: 04 Jan 2006
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 202 (315,185)

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Status, grading, incentives, education, exams, wages

42.

Pareto Improving Taxes

Downloads 201 (316,601)
Citation 4

Pareto Improving Taxes

Cowles Foundation Discussion Paper No. 1576
Number of pages: 28 Posted: 04 Sep 2006
John Geanakoplos and H. M. Polemarchakis
Yale University and Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)
Downloads 106 (540,280)

Abstract:

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Externalities, Commodity taxes, Constrained suboptimality

Pareto Improving Taxes

Cowles Foundation Discussion Paper No. 1662
Number of pages: 29 Posted: 28 May 2008
John Geanakoplos and H. M. Polemarchakis
Yale University and Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)
Downloads 95 (583,808)
Citation 4

Abstract:

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Externalities, Commodity taxes, Constrained suboptimality

43.

An Agent-Based Model of the Housing Market Bubble in Metropolitan Washington D.C.

Number of pages: 27 Posted: 13 Feb 2024
Robert Axtell, J. Doyne Farmer, John Geanakoplos, Peter Howitt, Ernesto Carrella, Benjamin Conlee, Jon Goldstein, Matthew Hendrey, Philip Kalikman, David Masad, Nathan Palmer and Chun-Yi Yang
George Mason University - Department of Computational Social Science, University of Oxford - Institute for New Economic Thinking at the Oxford Martin School, Yale University, Brown University, Independent, Independent, Independent, Independent, Sy Syms School of Business, Yeshiva University, Independent, Board of Governors of the Federal Reserve System and Independent
Downloads 196 (324,058)
Citation 4

Abstract:

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Housing markets, agent-based modeling, financial bubbles

44.

Prizes Versus Wages with Envy and Pride

Downloads 193 (328,733)

Prizes Versus Wages with Envy and Pride

Cowles Foundation Discussion Paper No. 1537
Number of pages: 26 Posted: 19 Oct 2005
Pradeep K. Dubey, John Geanakoplos and Ori Haimanko
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Ben-Gurion University of the Negev - Department of Economics
Downloads 129 (463,686)

Abstract:

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Envy, Pride, Wages, Prizes, Bonus

Prizes Versus Wages with Envy and Pride

Cowles Foundation Discussion Paper No. 1835
Number of pages: 27 Posted: 23 Nov 2011
Pradeep K. Dubey, John Geanakoplos and Ori Haimanko
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Ben-Gurion University of the Negev - Department of Economics
Downloads 64 (735,467)

Abstract:

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Envy, Pride, Wages, Prizes, Bonus

45.

Insurance Contracts Designed by Competitive Pooling

Number of pages: 39 Posted: 27 Sep 2001
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 182 (346,846)

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Competitive Pooling, Insurance Contracts, Adverse Selection, Signalling, Seniority, Equilibrium Refinement

46.

Emerging Markets in an Anxious Global Economy

Cowles Foundation Discussion Paper No. 1646
Number of pages: 54 Posted: 12 Mar 2008
Ana Fostel and John Geanakoplos
Yale University - Department of Economics and Yale University
Downloads 174 (360,908)
Citation 1

Abstract:

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Margin, Leverage cycle, Liquidity preference, Collateral value, Informational volatility, Contagion, Portfolio effect, Flight to liquidity, Asymmetric information, Issuance rationing, Anxious economy, Emerging markets, High yield, Market closures

47.

Endogenous Leverage: VaR and Beyond

Cowles Foundation Discussion Paper No. 1800
Number of pages: 31 Posted: 18 May 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 168 (372,165)
Citation 12

Abstract:

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Endogenous leverage, Collateral equilibrium, VaR, Asset prices

48.

Inflationary Bias in a Simple Stochastic Economy

Number of pages: 26 Posted: 07 Nov 2001
Ioannis Karatzas, Martin Shubik, William D. Sudderth and John Geanakoplos
Columbia University - Department of Statistics, Yale University - School of Management, University of Minnesota and Yale University
Downloads 165 (378,068)

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Inflation, Strategic Market Game, Control, Interest Rate, Central Bank, Equilibrium

49.

Endogenous Leverage in a Binomial Economy: The Irrelevance of Actual Default

Downloads 148 (414,253)
Citation 5

Endogenous Leverage in a Binomial Economy: The Irrelevance of Actual Default

Cowles Foundation Discussion Paper No. 1877
Number of pages: 44 Posted: 20 Sep 2012
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 87 (617,632)
Citation 3

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Endogenous leverage, Collateral equilibrium, Default, Financial asset, Binomial economy, VaR

Endogenous Leverage in a Binomial Economy: The Irrelevance of Actual Default

Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 43 Posted: 22 Sep 2012
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 61 (753,858)
Citation 2

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Endogenous Leverage, Collateral Equilibrium, Default, Financial Asset, Binomial Economy, VaR

50.

Monetary Equilibrium with Missing Markets

Number of pages: 38 Posted: 06 Jan 2003
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 144 (423,317)
Citation 7

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Bank, Money, Monetary equilibrium, Incomplete Markets, Inside Money, Outside Money, Liquidity Trap

51.

Would a Privatized Social Security System Really Pay a Higher Rate of Return

NBER Working Paper No. w6713
Number of pages: 34 Posted: 10 Jun 2000 Last Revised: 06 Nov 2022
John Geanakoplos, Olivia S. Mitchell and Stephen P. Zeldes
Yale University, and Columbia University - Columbia Business School
Downloads 142 (428,085)

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52.

Money and Production, and Liquidity Trap

Cowles Foundation Discussion Paper No. 1574
Number of pages: 27 Posted: 26 Jul 2006
John Geanakoplos and Pradeep K. Dubey
Yale University and SUNY Stony Brook - Center for Game Theory in Economics
Downloads 138 (440,361)
Citation 1

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Central bank, Inside money, Outside money, Incomplete assets, Production, Monetary equilibrium, Liquidity, Liquidity trap

53.

Dollar Denominated Debt and Optimal Security Design

Cowles Foundation Discussion Paper No. 1449
Number of pages: 31 Posted: 23 Apr 2004
John Geanakoplos and Felix Kubler
Yale University and University of Zurich
Downloads 138 (437,824)

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Dollar debt, Currency, Indexed bonds, Security design, Capital controls

54.

Reforming Social Security with Progressive Personal Accounts

Downloads 137 (440,361)

Reforming Social Security with Progressive Personal Accounts

Cowles Foundation Discussion Paper No. 1664
Number of pages: 56 Posted: 28 May 2008
John Geanakoplos and Stephen P. Zeldes
Yale University and Columbia University - Columbia Business School
Downloads 89 (608,709)

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Social Security, Personal accounts, Risk-sharing

Reforming Social Security with Progressive Personal Accounts

NBER Working Paper No. w13979
Number of pages: 55 Posted: 12 May 2008 Last Revised: 12 Sep 2022
John Geanakoplos and Stephen P. Zeldes
Yale University and Columbia University - Columbia Business School
Downloads 48 (846,472)

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55.

Market Valuation of Accrued Social Security Benefits

Downloads 135 (445,532)
Citation 2

Market Valuation of Accrued Social Security Benefits

Cowles Foundation Discussion Paper No. 1711
Number of pages: 32 Posted: 29 Jun 2009
John Geanakoplos and Stephen P. Zeldes
Yale University and Columbia University - Columbia Business School
Downloads 99 (567,982)
Citation 2

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social security, market value, risk adjustment, actuarial value, wage bonds, unfunded obligations

Market Valuation of Accrued Social Security Benefits

NBER Working Paper No. w15170
Number of pages: 31 Posted: 21 Jul 2009 Last Revised: 15 Jun 2023
John Geanakoplos and Stephen P. Zeldes
Yale University and Columbia University - Columbia Business School
Downloads 36 (954,394)

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56.

Why Does Bad News Increase Volatility and Decrease Leverage?

IMF Working Paper No. 10/206
Number of pages: 35 Posted: 01 Feb 2011
Ana Fostel and John Geanakoplos
International Monetary Fund (IMF) and Yale University
Downloads 127 (467,675)

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Asset prices, Business cycles, Debt, Economic models, External shocks, Financial crisis, Housing, Housing prices, Price elasticity

57.

Afriat from MaxMin

Cowles Foundation Discussion Paper No. 1904
Number of pages: 7 Posted: 14 Aug 2013
John Geanakoplos
Yale University
Downloads 121 (485,640)
Citation 2

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Afriat's Theorem, Revealed preference, GARP

58.

Inefficient Liquidity Provision

Cowles Foundation Discussion Paper No. 2077, Darden Business School Working Paper No. 2922020
Number of pages: 27 Posted: 22 Feb 2017 Last Revised: 01 Mar 2017
John Geanakoplos and Kieran James Walsh
Yale University and ETH Zürich - KOF Swiss Economic Institute
Downloads 116 (501,404)
Citation 3

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Liquidity, Constrained inefficiency, Diamond-Dybvig models, fire sales

59.

Non-Monotone Liquidity Under-Supply

Number of pages: 29 Posted: 30 Jul 2004
Ana Fostel and John Geanakoplos
Yale University - Department of Economics and Yale University
Downloads 104 (543,440)

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Liquidity under-supply, Credit constraint, Non-monotonicity, Multiplier, Collateral equilibrium

60.

Collateral Restrictions and Liquidity Under-Supply: A Simple Model

Cowles Foundation Discussion Paper No. 1468R
Number of pages: 32 Posted: 14 Aug 2006
Ana Fostel and John Geanakoplos
Yale University - Department of Economics and Yale University
Downloads 103 (547,323)
Citation 2

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Liquidity under-supply, Credit constraint, Non-monotonicity, Multiplier, Collateral equilibrium

61.

Global Collateral and Capital Flows

Downloads 100 (558,785)

Global Collateral and Capital Flows

Cowles Foundation Discussion Paper No. 2169 (2019)
Number of pages: 41 Posted: 27 Feb 2019
Ana Fostel, John Geanakoplos and Gregory Phelan
University of Virginia - Department of Economics, Yale University and Williams College
Downloads 63 (741,586)

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Collateral, Capital flows, Asset prices, Current account, Securitized markets, Asset-backed securities

Global Collateral and Capital Flows

NBER Working Paper No. w25583
Number of pages: 54 Posted: 26 Feb 2019 Last Revised: 28 May 2023
Ana Fostel, John Geanakoplos and Gregory Phelan
University of Virginia - Department of Economics, Yale University and Williams College
Downloads 37 (944,581)

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62.

Uncertain Growth and the Value of the Future

Cowles Foundation Discussion Paper No. 1930
Number of pages: 9 Posted: 18 Nov 2013 Last Revised: 18 Dec 2013
Jaume Masoliver, Miquel Montero, Josep Perelló, John Geanakoplos and J. Doyne Farmer
University of Barcelona - Department of Physics, University of Barcelona - Departament de Física de la Matèria Condensada, University of Barcelona - Department of Physics, Yale University and University of Oxford - Institute for New Economic Thinking at the Oxford Martin School
Downloads 99 (562,642)

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stochastic processes, environmental economics, Ornstein-Uhlenbeck, discount

63.

Real Determinacy with Nominal Assets

Number of pages: 32 Posted: 01 Jul 2003
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 99 (562,642)

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Central bank, Inside money, Outside money, Incomplete assets, Monetary equilibrium, Real determinacy

64.

Inflationary Equilibrium in a Stochastic Economy with Independent Agents

Cowles Foundation Discussion Paper No. 1708
Number of pages: 31 Posted: 18 Jun 2009 Last Revised: 15 Jul 2009
John Geanakoplos, Ioannis Karatzas, Martin Shubik and William D. Sudderth
Yale University, Columbia University - Department of Statistics, Yale University - School of Management and University of Minnesota
Downloads 83 (627,471)
Citation 2

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Inflation, Economic equilibrium and dynamics, Dynamic programming, Consumption

65.

Uniqueness and Stability of Equilibrium in Economies with Two Goods

Cowles Foundation Discussion Paper No. 2050
Number of pages: 12 Posted: 25 Aug 2016
John Geanakoplos and Kieran James Walsh
Yale University and ETH Zürich - KOF Swiss Economic Institute
Downloads 81 (636,316)
Citation 8

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Uniqueness of Equilibrium, Absolute Risk Aversion, Excess Demand Functions, Stability of Equilibrium, Diamond-Dybvig Models

66.

Non-Exclusive Insurance with Free Entry: A Pedagogical Note

Cowles Foundation Discussion Paper No. 2167
Number of pages: 11 Posted: 22 Feb 2019
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 59 (751,744)
Citation 2

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Non-exclusive insurance, Free entry, Adverse selection, Primary-secondary insurance

67.

Endogenous Collateral Constraints and the Leverage Cycle

Annual Review of Economics, Vol. 6, pp. 771-799, 2014
Posted: 08 Aug 2014
Ana Fostel and John Geanakoplos
University of Virginia and Yale University

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68.

Collateral Restrictions and Liquidity Under-Supply: A Simple Model

Economic Theory, Vol. 35, pp. 441-467, 2008
Posted: 16 Jan 2009
Ana Fostel and John Geanakoplos
University of Virginia and Yale University

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Liquidity under-supply, Credit constraint, Non-monotonicity, Multiplier, Collateral equilibrium

69.

Leverage Cycle and the Anxious Economy

American Economic Review, Vol. 98, No. 4, pp. 1211-1244, 2008
Posted: 16 Jan 2009
Ana Fostel and John Geanakoplos
University of Virginia and Yale University

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Anxious Economy, Leverage Cycle, Liquidity Wedge, Emerging Assets, Market Closures, Emerging Markets, US High Yield, Collateral Value, Contagion, Flight to Collateral, Issuance Rationing

70.

The Hierarchical Approach to Modeling Knowledge and Common Knowledge

Posted: 26 Oct 1999
Ronald Fagin, John Geanakoplos, Joseph Y. Halpern and Moshe Y. Vardi
IBM Research - Almaden Research Center, Yale University, Cornell University - Department of Computer Science and Rice University - Department of Computer Science

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Other Papers (2)

Total Downloads: 96
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1.

Mortgage Justice Is Blind

New York Times, Op-Ed, October 30, 2008
Number of pages: 3 Posted: 25 Jan 2015
John Geanakoplos and Susan P. Koniak
Yale University and Boston University School of Law
Downloads 59

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financial crisis, debt, mortgages, mortgage derivatives, banks

2.

Matters of Principal

New York Times, op-ed, March 5, 2009
Number of pages: 3 Posted: 24 Jan 2015
John Geanakoplos and Susan P. Koniak
Yale University and Boston University School of Law
Downloads 37

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financial crisis mortgage crisis, foreclosures, debt, reducing principal, housing