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

69

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846

CROSSREF CITATIONS

994

Scholarly Papers (69)

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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 5,722 (2,487)
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 2,542 (9,543)
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 1,632 (19,300)
Citation 2

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Arrow Impossibility Theorem, Pivotal, Neutrality

4.

The Leverage Cycle

Downloads 1,530 (21,377)
Citation 62

The Leverage Cycle

Cowles Foundation Discussion Paper No. 1715
Number of pages: 55 Posted: 05 Aug 2009
John Geanakoplos
Yale University
Downloads 1,115 (33,487)
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 415 (121,369)
Citation 36

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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, affiliation not provided to SSRN, affiliation not provided to SSRN, George Mason University - Department of Computational Social Science, Board of Governors of the Federal Reserve System and affiliation not provided to SSRN
Downloads 1,039 (37,618)
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 903 (45,639)
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 858 (49,054)
Citation 123

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 765 (56,465)
Citation 60

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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 93 (474,663)
Citation 102

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

8.

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 857 (49,054)
Citation 3

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

9.

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 819 (52,299)
Citation 7

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

10.

Leverage Causes Fat Tails and Clustered Volatility

Downloads 633 (73,489)
Citation 31

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 384 (132,837)
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 249 (210,297)
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 585 (80,820)
Citation 26

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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 564 (84,857)
Citation 112

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 289 (181,428)
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 142 (347,346)
Citation 32

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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 133 (365,592)
Citation 1

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

13.

Social Security Money's Worth

Downloads 542 (88,736)
Citation 14

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, University of Pennsylvania - The Wharton School and Columbia University - Columbia Business School, Finance
Downloads 461 (106,970)
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, University of Pennsylvania - The Wharton School and Columbia University - Columbia Business School, Finance
Downloads 81 (517,828)

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14.

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, University of Pennsylvania - The Wharton School and Columbia University - Columbia Business School, Finance
Downloads 472 (105,040)
Citation 27

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15.

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 451 (111,180)
Citation 1

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

16.

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

Downloads 436 (115,955)
Citation 68

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 240 (218,068)
Citation 26

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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 196 (264,263)
Citation 8

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

17.

Why Does Bad News Increase Volatility and Decrease Leverage?

Downloads 415 (123,213)
Citation 6

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 173 (295,582)
Citation 8

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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 126 (383,561)

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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 116 (408,289)

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Collateral, Endogenous leverage, VaR, Volatility, Volatility smile

18.

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 408 (124,614)
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

19.

Social Security Investment in Equities I: Linear Case

Downloads 399 (127,895)
Citation 40

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 193 (266,794)

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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 164 (307,896)
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 42 (721,513)
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

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20.

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 361 (142,997)

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Social Security, Privatization, Diversification

21.

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 358 (144,776)

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

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 351 (147,932)
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 322 (161,723)

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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 320 (162,817)

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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 313 (166,604)

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Equilibrium, Nash, Walras, Brouwer, Kakutani

26.

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 290 (180,485)
Citation 1

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

27.

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 288 (181,804)
Citation 3

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

28.

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 271 (193,392)
Citation 3

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

29.

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 271 (193,392)
Citation 17

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

30.

Money and Status: How Best to Incentivize Work

Downloads 253 (207,113)
Citation 1

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 193 (266,794)
Citation 2

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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 60 (612,600)

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Status, Incentives, Wages

31.

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 247 (212,007)
Citation 15

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

32.

Financial Innovation, Collateral and Investment

Downloads 246 (213,729)
Citation 19

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 148 (335,922)
Citation 5

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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 98 (464,739)
Citation 17

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

33.

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 237 (220,672)
Citation 9

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

34.

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 231 (226,345)
Citation 1

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

35.

Leverage and Default in Binomial Economies: A Complete Characterization

Downloads 230 (227,307)
Citation 40

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 78 (533,961)
Citation 35

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

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 77 (533,961)

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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 75 (542,405)
Citation 10

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

36.

Quantitative Easing, Collateral Constraints, and Financial Spillovers

Downloads 217 (240,020)
Citation 4

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 120 (395,667)

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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 97 (461,503)
Citation 6

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

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 212 (245,332)
Citation 38

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Collateral, Default, GEI

38.

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 201 (257,580)
Citation 3

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

39.

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 192 (269,704)
Citation 11

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Status, Grading, Incentives, Education, Exams

40.

Prizes Versus Wages with Envy and Pride

Downloads 183 (281,381)
Citation 1

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 125 (383,561)

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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 58 (628,901)

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Envy, Pride, Wages, Prizes, Bonus

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 181 (282,745)

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Status, grading, incentives, education, exams, wages

42.

Pareto Improving Taxes

Downloads 179 (286,891)
Citation 13

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 96 (464,739)
Citation 4

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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 83 (513,867)
Citation 3

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Externalities, Commodity taxes, Constrained suboptimality

43.

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 171 (297,113)

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

44.

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 161 (312,639)

Abstract:

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Status, Incentives, Wages

45.

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 161 (314,332)
Citation 1

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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

46.

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 155 (322,816)

Abstract:

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

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 154 (326,357)
Citation 12

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Endogenous leverage, Collateral equilibrium, VaR, Asset prices

48.

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 129 (373,082)
Citation 7

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

49.

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 127 (377,558)

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

50.

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, University of Pennsylvania - The Wharton School and Columbia University - Columbia Business School, Finance
Downloads 126 (379,790)

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51.

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 120 (396,382)
Citation 1

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

52.

Market Valuation of Accrued Social Security Benefits

Downloads 117 (403,755)
Citation 15

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, Finance
Downloads 88 (495,330)
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, Finance
Downloads 29 (823,299)

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53.

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

Downloads 115 (406,302)
Citation 3

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 74 (551,070)
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 41 (728,786)
Citation 2

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

54.

Reforming Social Security with Progressive Personal Accounts

Downloads 110 (425,270)
Citation 8

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, Finance
Downloads 75 (551,070)

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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, Finance
Downloads 35 (773,790)

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55.

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 101 (445,986)

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

56.

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 100 (449,092)

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

57.

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 98 (455,043)
Citation 3

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

58.

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 96 (464,396)
Citation 3

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

59.

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 94 (470,817)

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

60.

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 92 (474,079)

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stochastic processes, environmental economics, Ornstein-Uhlenbeck, discount

61.

Global Collateral and Capital Flows

Downloads 75 (535,849)

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 47 (688,068)

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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: 41 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 28 (831,912)

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62.

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 68 (569,899)
Citation 2

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Inflation, Economic equilibrium and dynamics, Dynamic programming, Consumption

63.

Afriat from MaxMin

Cowles Foundation Discussion Paper No. 1904
Number of pages: 7 Posted: 14 Aug 2013
John Geanakoplos
Yale University
Downloads 66 (574,312)
Citation 2

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Afriat's Theorem, Revealed preference, GARP

64.

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 59 (607,434)
Citation 7

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

65.

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 50 (655,680)
Citation 1

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

66.

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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67.

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

68.

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

69.

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: 75
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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 45

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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 30

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