William A. Brock

University of Wisconsin, Madison - Department of Economics

1180 Observatory Drive

Madison, WI 53706

United States

University of Missouri at Columbia - Department of Economics

118 Professional Building

Columbia, MO 65211

United States

SCHOLARLY PAPERS

51

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4,842

CITATIONS
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in Total Papers Citations

602

Scholarly Papers (51)

1.

Identification of Social Interactions

Number of pages: 154 Posted: 18 Aug 2010
Cornell University - Department of Economics, University of Wisconsin, Madison - Department of Economics, University of Chicago and Tufts University
Downloads 1,230 (8,885)
Citation 13

Abstract:

social interactions, social networks, identification

2.
Downloads 544 ( 41,313)
Citation 23

The Green Solow Model

Social Science Research Institute Working Paper No. 2004-16
Number of pages: 60 Posted: 08 Jun 2004
William A. Brock and M. Scott Taylor
University of Wisconsin, Madison - Department of Economics and University of Calgary - Department of Economics
Downloads 488 (46,858)
Citation 23

Abstract:

environment, growth, pollution, EKC, sustainability, abatement, Solow

The Green Solow Model

NBER Working Paper No. w10557
Number of pages: 61 Posted: 19 Jul 2004
William A. Brock and M. Scott Taylor
University of Wisconsin, Madison - Department of Economics and University of Calgary - Department of Economics
Downloads 56 (320,922)
Citation 23

Abstract:

Valuing Biodiversity from an Economic Perspective: A Unified Economic, Ecological and Genetic Approach

SSRI Working Paper Series No. 2001-17
Number of pages: 34 Posted: 27 Aug 2001
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business
Downloads 255 (100,314)
Citation 9

Abstract:

Biodiversity, Valuation, Ecology, Genetics

Valuing Biodiversity from an Economic Perspective: A Unified Economic, Ecological and Genetic Approach

American Economic Review, Forthcoming
Posted: 15 May 2003
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business

Abstract:

Biodiversity valuation, ecosystem services, ecological and genetic constraints, Bellman state valuation function.

4.

More Hedging Instruments May Destabilize Markets

TI Discussion Paper No. 06-080/1
Number of pages: 34 Posted: 28 Sep 2006 Last Revised: 27 May 2008
William A. Brock, Cars H. Hommes and Florian O. Wagener
University of Wisconsin, Madison - Department of Economics, University of Amsterdam - Amsterdam School of Economics (ASE) and University of Amsterdam - Center for Nonlinear Dynamics in Economics and Finance (CeNDEF) - Department of Quantitative Economics
Downloads 186 (133,394)
Citation 12

Abstract:

Asset pricing, hedging, reinforcement learning, nonlinear dynamics, bifurcations

5.

Optimal Control and Spatial Heterogeneity: Pattern Formation in Economic-Ecological Models

FEEM Working Paper No. 96.2005
Number of pages: 54 Posted: 09 Aug 2005
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business
Downloads 155 (149,110)
Citation 3

Abstract:

Spatial analysis, Pattern formation, Turing mechanism, Turing space, Pontryagin's principle, Bioeconomics

6.

Economic Growth and the Environment: A Review of Theory and Empirics

NBER Working Paper No. w10854
Number of pages: 79 Posted: 10 Nov 2004 Last Revised: 30 Aug 2010
William A. Brock and M. Scott Taylor
University of Wisconsin, Madison - Department of Economics and University of Calgary - Department of Economics
Downloads 148 (145,227)
Citation 31

Abstract:

7.

Robust Analytical and Computational Explorations of Coupled Economic-Climate Models with Carbon-Climate Response

RDCEP Working Paper No. 13-05
Number of pages: 48 Posted: 28 Dec 2013 Last Revised: 14 May 2014
Northern Illinois University, University of Wisconsin, Madison - Department of Economics, University of Chicago - Department of Economics and Lawrence Berkeley National Laboratory
Downloads 140 (134,716)

Abstract:

Environment, Climate-Change, Model Uncertainty, Dynamic General Equilibrium

8.

Spatial Analysis: Development of Descriptive and Normative Methods with Applications to Economic-Ecological Modelling

FEEM Working Paper No. 159.04
Number of pages: 53 Posted: 14 Jan 2005
Anastasios Xepapadeas and William A. Brock
Athens University of Economics and Business and University of Wisconsin, Madison - Department of Economics
Downloads 128 (183,030)
Citation 1

Abstract:

Spatial analysis, Economic-ecological modelling

Optimal Ecosystem Management when Species Compete for Limiting Resources

Number of pages: 53 Posted: 01 Feb 2001
Anastasios Xepapadeas and William A. Brock
Athens University of Economics and Business and University of Wisconsin, Madison - Department of Economics
Downloads 124 (194,302)
Citation 3

Abstract:

Ecosystem management,mechanistic resource-based species competition,social optimum, private optimum, market equilibrium, environmental policy

Optimal Ecosystem Management when Species Compete for Limiting Resources

Journal of Environmental Economics and Management
Posted: 24 Feb 2001
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business

Abstract:

10.

Interactions-Based Models

NBER Working Paper No. t0258
Number of pages: 133 Posted: 19 Aug 2000 Last Revised: 17 Sep 2010
William A. Brock and Steven N. Durlauf
University of Wisconsin, Madison - Department of Economics and University of Chicago
Downloads 117 (184,166)
Citation 92

Abstract:

Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises

Number of pages: 39 Posted: 04 Jul 2012 Last Revised: 05 Jul 2012
Tiziana Assenza, Cars H. Hommes and William A. Brock
Catholic University of Milan, University of Amsterdam - Amsterdam School of Economics (ASE) and University of Wisconsin, Madison - Department of Economics
Downloads 93 (239,272)

Abstract:

Heterogeneous Expectations, Crises, Animal Spirits

Animal Spirits, Heterogeneous Expectations, and the Amplification and Duration of Crises

Economic Inquiry, Vol. 55, Issue 1, pp. 542-564, 2017
Number of pages: 23 Posted: 21 Nov 2016
Tiziana Assenza, William A. Brock and Cars H. Hommes
Catholic University of Milan, University of Wisconsin, Madison - Department of Economics and University of Amsterdam - Amsterdam School of Economics (ASE)
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Abstract:

Spatial Climate-Economic Models in the Design of Optimal Climate Policies across Locations

RDCEP Working Paper No. 12-11
Number of pages: 52 Posted: 11 Oct 2012
William A. Brock, Gustav Engstrom and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics, The Beijer Institute of Ecological Economics and Athens University of Economics and Business
Downloads 61 (307,215)
Citation 1

Abstract:

one-dimensional energy balance model, heat transport, latitudes, temperature distribution, damage distribution, social planner, competitive equilibrium, local welfare weights, optimal taxes

Spatial Climate-Economic Models in the Design of Optimal Climate Policies Across Locations

FEEM Working Paper No. 74.2012
Number of pages: 53 Posted: 15 Nov 2012
University of Wisconsin, Madison - Department of Economics, affiliation not provided to SSRN and Athens University of Economics and Business
Downloads 25 (439,152)

Abstract:

one-dimensional energy balance model, heat transport, latitudes, temperature distribution, damage distribution, social planner, competitive equilibrium, local welfare weights, optimal taxes

13.

A Dynamic Structural Model for Stock Return Volatility and Trading Volume

NBER Working Paper No. w4988
Number of pages: 51 Posted: 07 Jul 2000 Last Revised: 26 Aug 2010
William A. Brock and Blake LeBaron
University of Wisconsin, Madison - Department of Economics and Brandeis University - International Business School
Downloads 74 (259,215)
Citation 24

Abstract:

14.

Diffusion-Induced Instability and Pattern Formation in Infinite Horizon Recursive Optimal Control

Number of pages: 50 Posted: 14 Apr 2006
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business
Downloads 64 (279,845)
Citation 6

Abstract:

Spatial analysis, Pattern formation, Optimal Control, Diffusion-Induced Instability.

Modeling Coupled Climate, Ecosystems, and Economic Systems

FEEM Working Paper No. 066.2015
Number of pages: 69 Posted: 15 Jul 2015
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business
Downloads 31 (409,060)

Abstract:

Coupled Ecological/Economic Models, Climate Change, Deep Uncertainty, Robust Control, Cumulative Carbon Budgeting, Energy Balance Climate Models, spatial Aspects in Ecological/Economic Modeling

Modeling Coupled Climate, Ecosystems, and Economic Systems

Number of pages: 65 Posted: 02 Jun 2015
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business
Downloads 22 (456,130)

Abstract:

Coupled ecological/economic models, climate change, deep uncertainty, robust control, cumulative carbon budgeting, energy balance cli- mate models, spatial aspects in ecological/economic modeling.

16.

Growth Economics and Reality

NBER Working Paper No. w8041
Number of pages: 52 Posted: 11 Dec 2000
William A. Brock and Steven N. Durlauf
University of Wisconsin, Madison - Department of Economics and University of Chicago
Downloads 49 (319,151)
Citation 11

Abstract:

17.

Simple Versus Optimal Rules as Guides to Policy

FRB of Atlanta Working Paper 2007-7
Number of pages: 44 Posted: 13 May 2007
University of Wisconsin, Madison - Department of Economics, University of Chicago, North Carolina State University - Department of Economics and University of Wisconsin - Madison
Downloads 48 (333,636)
Citation 3

Abstract:

monetary policy rule, model uncertainty, minimax, minimax regret

18.

Policy Evaluation in Uncertain Economic Environments

NBER Working Paper No. w10025
Number of pages: 85 Posted: 14 Oct 2003
William A. Brock, Steven N. Durlauf and Kenneth D. West
University of Wisconsin, Madison - Department of Economics, University of Chicago and University of Wisconsin - Madison - Department of Economics
Downloads 48 (330,636)
Citation 53

Abstract:

19.

Pattern Formation, Spatial Externalities and Regulation in Coupled Economic-Ecological Systems

Number of pages: 53 Posted: 12 Jun 2008
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business
Downloads 47 (330,636)
Citation 4

Abstract:

Economic-Ecological Systems, Pattern Formation, Reaction-Diffusion, Diffusion Instability, Spatial Externalities, Regulation

20.

Multinomial Choice with Social Interactions

NBER Working Paper No. t0288
Number of pages: 46 Posted: 06 Mar 2003 Last Revised: 11 Mar 2003
William A. Brock and Steven N. Durlauf
University of Wisconsin, Madison - Department of Economics and University of Chicago
Downloads 42 (336,612)
Citation 127

Abstract:

21.

Model Uncertainty and Policy Evaluation: Some Theory and Empirics

NBER Working Paper No. w10916
Number of pages: 59 Posted: 08 Dec 2004
William A. Brock, Steven N. Durlauf and Kenneth D. West
University of Wisconsin, Madison - Department of Economics, University of Chicago and University of Wisconsin - Madison - Department of Economics
Downloads 41 (351,957)
Citation 19

Abstract:

Elements of a Theory of Design Limits to Optimal Policy

NBER Working Paper No. w10495
Number of pages: 29 Posted: 28 May 2004 Last Revised: 06 Sep 2010
William A. Brock and Steven N. Durlauf
University of Wisconsin, Madison - Department of Economics and University of Chicago
Downloads 20 (467,712)
Citation 5

Abstract:

Elements of a Theory of Design Limits to Optimal Policy

Manchester School, Vol. 72, No. S1, pp. 1-18, September 2004
Number of pages: 18 Posted: 07 Sep 2004
William A. Brock and Steven N. Durlauf
University of Wisconsin, Madison - Department of Economics and University of Chicago
Downloads 20 (467,712)
Citation 5
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Abstract:

23.

Discrete Choice with Social Interactions I: Theory

NBER Working Paper No. w5291
Number of pages: 41 Posted: 08 Aug 2000
William A. Brock and Steven N. Durlauf
University of Wisconsin, Madison - Department of Economics and University of Chicago
Downloads 40 (324,803)
Citation 131

Abstract:

24.

Stochastic Capital Theory I. Comparative Statics

NBER Working Paper No. t0023
Number of pages: 56 Posted: 24 Jul 2007 Last Revised: 27 Jul 2010
William A. Brock, Michael Rothschild and Joseph E. Stiglitz
University of Wisconsin, Madison - Department of Economics, Princeton University and Columbia Business School - Finance and Economics
Downloads 37 (375,853)
Citation 6

Abstract:

25.

General Pattern Formation in Recursive Dynamical Systems Models in Economics

FEEM Working Paper No. 49.2009
Number of pages: 59 Posted: 07 Aug 2009
Anastasios Xepapadeas and William A. Brock
Athens University of Economics and Business and University of Wisconsin, Madison - Department of Economics
Downloads 36 (365,235)
Citation 1

Abstract:

pattern formation, spatial spillovers, optimal control, spillover induced instability, growth models

26.

Robust Control and Hot Spots in Dynamic Spatially Interconnected Systems

FEEM Working Paper No. 155.2010
Number of pages: 45 Posted: 09 Jan 2011
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business
Downloads 34 (358,483)

Abstract:

Distributed Parameter Systems, Robust Control, Spatial Invariance, Hot Spot, Agglomeration

On Understanding the Cyclical Behavior of the Price Level and Inflation

Number of pages: 67 Posted: 05 Jul 2014
William A. Brock and Joseph Haslag
University of Wisconsin, Madison - Department of Economics and University of Missouri at Columbia - Department of Economics
Downloads 18 (479,436)

Abstract:

On Understanding the Cyclical Behavior of the Price Level and Inflation

Number of pages: 42 Posted: 03 May 2014
William A. Brock and Joseph Haslag
University of Wisconsin, Madison - Department of Economics and University of Missouri at Columbia - Department of Economics
Downloads 14 (502,866)

Abstract:

countercyclical price level, acyclical inflation, phase shift, model uncertainty

28.

Energy Balance Climate Models and the Spatial Structure of Optimal Mitigation Policies

FEEM Working Paper No. 5.2012
Number of pages: 44 Posted: 16 Feb 2012
William A. Brock, Gustav Engstrom and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics, The Beijer Institute of Ecological Economics and Athens University of Economics and Business
Downloads 28 (372,248)
Citation 1

Abstract:

energy balance climate models, heat diffusion, temperature distribution, spatial optimal taxes

29.

Energy Balance Climate Models, Damage Reservoirs and the Time Profile of Climate Change Policy

FEEM Working Paper No. 20.2012
Number of pages: 31 Posted: 16 Apr 2012
William A. Brock, Gustav Engstrom and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics, The Beijer Institute of Ecological Economics and Athens University of Economics and Business
Downloads 26 (391,073)

Abstract:

energy balance climate models, damage reservoir, ice line, permafrost, heat diffusion, policy ramp, skiba points

30.

The Kindergarten Rule of Sustainable Growth

NBER Working Paper No. w9597
Number of pages: 56 Posted: 05 Apr 2003 Last Revised: 01 Nov 2010
William A. Brock and M. Scott Taylor
University of Wisconsin, Madison - Department of Economics and University of Calgary - Department of Economics
Downloads 26 (395,032)
Citation 4

Abstract:

31.

Optimal Agglomerations in Dynamic Economics

FEEM Working Paper No. 64.2012
Number of pages: 49 Posted: 16 Oct 2012
University of Wisconsin, Madison - Department of Economics, Athens University of Economics and Business and Athens University of Economics and Business
Downloads 22 (395,032)
Citation 1

Abstract:

agglomeration, spatial spillovers, spillover induced instability, rational expectations equilibrium, social optimum, monotone operators

32.

Adjustment Costs and Long Run Spatial Agglomerations

FEEM Working Paper No. 68.2013
Number of pages: 17 Posted: 30 Aug 2013
University of Wisconsin, Madison - Department of Economics, Athens University of Economics and Business and Athens University of Economics and Business
Downloads 21 (431,528)

Abstract:

Investment Theory, Adjustment Costs, Spatial Agglomerations

33.

Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts

Tinbergen Institute Discussion Paper 13-205/II
Number of pages: 39 Posted: 20 Dec 2013
Tiziana Assenza, William A. Brock and Cars H. Hommes
Catholic University of Milan, University of Wisconsin, Madison - Department of Economics and University of Amsterdam - Amsterdam School of Economics (ASE)
Downloads 20 (375,853)

Abstract:

Heterogeneous Expectations, Crises, Animal Spirits

34.

Using Econometric, Statistical, Survey, and In-Depth Interview Methods to Document Consumption Pattern 'Contagion' in the Voluntary Simplicity Movement

Number of pages: 41 Posted: 25 Apr 2013 Last Revised: 28 Apr 2013
William A. Brock and Professor Emeritus Rural Sociology
University of Wisconsin, Madison - Department of Economics and University of Missouri-Columbia
Downloads 18 (436,639)

Abstract:

Econometrics, Qualitative Research Methods, Voluntary Simplicity, Contagion

35.

Competitive Lending with Partial Knowledge of Loan Repayment

NBER Working Paper No. w14378
Number of pages: 32 Posted: 08 Oct 2008
William A. Brock and Charles F. Manski
University of Wisconsin, Madison - Department of Economics and Northwestern University - Department of Economics
Downloads 18 (447,001)
Citation 4

Abstract:

36.

Design Limits and Dynamic Policy Analysis

NBER Working Paper No. w14357
Number of pages: 50 Posted: 23 Sep 2008
William A. Brock, Steven N. Durlauf and Giacomo Rondina
University of Wisconsin, Madison - Department of Economics, University of Chicago and University of California, San Diego (UCSD)
Downloads 15 (457,560)
Citation 1

Abstract:

37.

Liquidity Constraints in Production Based Asset Pricing Models

NBER Working Paper No. w3107
Number of pages: 34 Posted: 17 Oct 2007
William A. Brock and Blake LeBaron
University of Wisconsin, Madison - Department of Economics and Brandeis University - International Business School
Downloads 15 (467,989)
Citation 7

Abstract:

38.

Inflation Dynamics and Inflation Uncertainty in a Model with Heterogeneous Forecasts

Number of pages: 49 Posted: 01 Jan 2015
William A. Brock and Joseph Haslag
University of Wisconsin, Madison - Department of Economics and University of Missouri at Columbia - Department of Economics
Downloads 14 (412,156)

Abstract:

rational inattention, inflation dynamics, inflation uncertainty, robustness

39.

Robust Control of a Spatially Distributed Commercial Fishery

FEEM Working Paper No. 11.2013
Number of pages: 31 Posted: 28 Feb 2013
University of Wisconsin, Madison - Department of Economics, Athens University of Economics and Business and Athens University of Economics and Business
Downloads 14 (457,560)

Abstract:

Spatiotemporal Dynamics, Model Uncertainty, Robust Control, Fishery

40.

Profiling Problems with Partially Identified Structure

Economic Journal, Vol. 116, No. 515, pp. F427-F440, November 2006
Number of pages: 14 Posted: 22 Nov 2006
William A. Brock
University of Wisconsin, Madison - Department of Economics
Downloads 13 (488,729)
Citation 4
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Abstract:

41.

Adoption Curves and Social Interactions

NBER Working Paper No. w15065
Number of pages: 46 Posted: 16 Jun 2009
William A. Brock and Steven N. Durlauf
University of Wisconsin, Madison - Department of Economics and University of Chicago
Downloads 8 (483,648)
Citation 1

Abstract:

42.

Linear Social Interactions Models

NBER Working Paper No. w19212
Number of pages: 57 Posted: 12 Jul 2013
Cornell University - Department of Economics, University of Wisconsin, Madison - Department of Economics, University of Chicago and ESMT European School of Management and Technology
Downloads 6 (488,729)
Citation 1

Abstract:

43.

Logarithmic Depreciation

Number of pages: 60 Posted: 23 Aug 2017
Evan W. Anderson and William A. Brock
Northern Illinois University and University of Wisconsin, Madison - Department of Economics
Downloads 0 (499,170)

Abstract:

Capital, Investment, Robustness

44.

To Fed Watch or Not to Fed Watch: Equilibrium Analysis of Bank System Dynamics

Number of pages: 32 Posted: 03 Aug 2017
William A. Brock and Joseph Haslag
University of Wisconsin, Madison - Department of Economics and University of Missouri at Columbia - Department of Economics
Downloads 0 (532,568)

Abstract:

random relocation, heterogeneous forecasts, banks, fed watching

45.

Wrestling with Uncertainty in Climate Economic Models

Number of pages: 69 Posted: 27 Jul 2017 Last Revised: 14 Oct 2017
William A. Brock and Lars Peter Hansen
University of Wisconsin, Madison - Department of Economics and University of Chicago - Department of Economics
Downloads 0 (407,676)

Abstract:

46.

Robust Consumption and Energy Decisions

Number of pages: 44 Posted: 29 Sep 2016
Evan W. Anderson, William A. Brock and Alan Sanstad
Northern Illinois University, University of Wisconsin, Madison - Department of Economics and Lawrence Berkeley National Laboratory
Downloads 0 (462,762)

Abstract:

Environment, Climate-Change, Model Uncertainty, Dynamic General Equilibrium

47.

Climate Change Policy Under Polar Amplification

FEEM Working Paper No. 019.2016
Number of pages: 44 Posted: 12 Mar 2016
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business
Downloads 0 (478,386)

Abstract:

Polar Amplification, Spatial Heat and Moisture Transport, Optimal Policy, Emission Taxes, Market Discount Rate

48.

Spatial Heat Transport, Polar Amplification and Climate Change Policy

FEEM Working Paper No. 003.2016
Number of pages: 44 Posted: 07 Mar 2016
William A. Brock and Anastasios Xepapadeas
University of Wisconsin, Madison - Department of Economics and Athens University of Economics and Business
Downloads 0 (467,989)

Abstract:

Climate Change, Heat Transport, Polar Amplification, Welfare Maximization, Fossil Fuels, Optimal Taxation

49.

Optimal Control in Space and Time and the Management of Environmental Resources

Annual Review of Resource Economics, Vol. 6, Issue 1, pp. 33-68, 2014
Posted: 08 Oct 2014
University of Wisconsin, Madison - Department of Economics, Athens University of Economics and Business and Athens University of Economics and Business

Abstract:

50.
Downloads 0 (569,371)

Irreversibility in Economics

Annual Review of Resource Economics, Vol. 1, Issue 1, pp. 219-238, 2009
Posted: 04 Jun 2010
Charles Perrings and William A. Brock
Arizona State University (ASU) - Global Institute of Sustainability (GIOS) and University of Wisconsin, Madison - Department of Economics

Abstract:

Irreversibility in Economics

Annual Review of Resource Economics, Vol. 1, Issue 1, pp. 219-238, 2009
Posted: 16 Sep 2011
Charles Perrings and William A. Brock
Arizona State University (ASU) - Global Institute of Sustainability (GIOS) and University of Wisconsin, Madison - Department of Economics

Abstract:

51.

A Formal Model of Theory Choice in Science

Economic Theory, Vol. 14, Iss. 1, July 1999
Posted: 12 Sep 1999
William A. Brock and Steven N. Durlauf
University of Wisconsin, Madison - Department of Economics and University of Chicago

Abstract: