JV Leahy… - 1995 - nber.org
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A Caplin… - The Quarterly Journal of Economics, 2001 - qje.oxfordjournals.org
Abstract We extend expected utility theory to situations in which agents experience feelings
of anticipation prior to the resolution of uncertainty. We show how these anticipatory feelings
may result in time inconsistency. We provide an example from portfolio theory to illustrate ...
D Leech… - The Economic Journal, 1991 - JSTOR
The structure of share ownership may have an important role in determining a firm's
performance because if ownership is widely dispersed there is no individual (or group) with
either the voting power or the incentive to exercise control and enforce profit maximisation. ...
A Caplin… - The Quarterly Journal of Economics, 1991 - qje.oxfordjournals.org
Abstract Standard macroeconomic models of price stickiness assume that each firm leaves
its price unchanged for a fixed amount of time. We present an alternative model in which the
pricing decision depends on the state of the economy. We find a method of aggregating ...
JV Leahy - The Quarterly Journal of Economics, 1993 - qje.oxfordjournals.org
Page 1. INVESTMENT IN COMPETITIVE EQUILIBRIUM: THE OPTIMALITY OF MYOPIC
BEHAVIOR* JOHN V. LEAHY There is an extensive literature on the optimal irreversible
investment strategy of a solitary firm facing an exogenous price process. ...
J Ameriks, A Caplin… - The Quarterly Journal of …, 2003 - qje.oxfordjournals.org
Abstract Why do similar households end up with very different levels of wealth? We show
that differences in the attitudes and skills with which they approach financial planning are a
significant factor. We use new and unique survey data to assess these differences and to ...
A Caplin… - The American economic review, 1994 - JSTOR
We present a three-stage model of market dynamics. In the first stage, routine behavior
tends to keep information of common interest trapped in private hands. In the second stage,
private information reaches a threshold that triggers some agents to alter their behavior; ...
S Gilchrist… - Journal of Monetary Economics, 2002 - Elsevier
We develop an analytically tractable Phillips curve based on state-dependent pricing. We
differ from the existing literature by considering a local approximation around a zero inflation
steady state and introducing idiosyncratic shocks. The resulting Phillips curve is a simple ...
A Caplin… - The Economic Journal, 1998 - Wiley Online Library
After a long dormant period, Lower Sixth Avenue in New York has under gone a rapid
revitalisation. We show that a simple search theoretic model with information spillovers can
explain both the period of underuse and the rapid turnaround. The model reduces to a ...
A Caplin… - Econometrica: Journal of the Econometric Society, 1997 - JSTOR
The literature on the aggregation of (S, s) policies has ignored the impact of aggregate
behavior on the individual's optimization problem. In the case of pricing, the feedback effects
are clear. Not only do pricing strategies determine the evolution of the price level, but the ...
RJ Caballero… - 1996 - nber.org
Page 1. NBER WORKING PAPER SERIES FIXED COSTS: THE DEMISE OF
MARGINAL q Ricardo J. Caballero John V. Leahy Working Paper 5508 NATIONAL
BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue ...
A Caplin… - The Review of Economic Studies, 1993 - restud.oxfordjournals.org
Abstract We present a model in which sectoral shocks have aggregate consequences. The
model relies on irreversible investment and imperfect information to slow the adjustment of
expanding industries. We show that this gradual expansion is sub-optimal.
A Caplin… - The Economic Journal, 2004 - Wiley Online Library
How much information should a policy maker pass on to an ill-informed citizen? In this
paper, we address this classic question of Crawford and Sobel (1982) in a setting in which
beliefs impact utility, as in Kreps and Porteus (1978). We show that this question cannot ...
A Caplin… - Journal of Political Economy, 2004 - JSTOR
What discount rate should be applied to social investments? It is standard to use the market
interest rate, thereby respecting private preferences. We show that application of this
“revealed preference” criterion rests on faith, not on logic. It is justified only if preferences ...
A Caplin… - The American Economic Review, 1996 - JSTOR
Monetary policy makers are uncertain about the state of the economy and learn from the
economy's reaction to policy. Private agents, however, anticipate any systematic attempt to
incorporate this information into future policy. We analyze this feedback in the context of a ...
J Ameriks, A Caplin, J Leahy… - The American economic review, 2007 - JSTOR
While models of self-control problems have proliferated in recent years, there have been few
corresponding advances in measurement. We develop a survey instrument to measure
selfcontrol problems and apply it to a sample of highly educated adults. Measured self- ...
A Caplin… - 2000 - nber.org
In welfare theory it is standard to pick the consumption stream that maximizes the welfare of
the representative agent. We argue against this position, and show that a benevolent social
planner will generally place a greater weight on future consumption than does the ...
J Ameriks, A Caplin… - 2002 - nber.org
Prior research has established that consumption falls significantly at retirement. What is not
known is the extent to which this fall is anticipated during the working years. Do working
households expect such a large fall in consumption upon retirement, or are they taken by ...
J Ameriks, A Caplin… - 2004 - nber.org
We present evidence that many households have only a vague notion of what they are
spending on various consumption items. We then develop a life-cycle model that captures
this absent-mindedness'. The model generates precautionary spending, whereby absent- ...
J Ameriks, A Caplin… - The Review of Economics and Statistics, 2007 - MIT Press
Abstract Prior research has established that consumption falls significantly at retirement.
What is not known is the extent to which this fall is anticipated during the working years.
Using data from a new survey, we show that many working households do expect a ...
CL House… - Journal of Political Economy, 2004 - homepages.nyu.edu
Page 1. 581 [Journal of Political Economy, 2004, vol. 112, no. 3] 2004 by The University of
Chicago. All rights reserved. 0022-3808/2004/11203-0006$10.00 An sS Model with Adverse
Selection Christopher L. House University of Michigan John V. Leahy ...
A Caplin… - Journal of Money, Credit and Banking, 2011 - Wiley Online Library
We model liquidity in housing markets. The model provides a simple characterization for the
joint process of prices, sales, and inventory. We compare the implications of the model to
certain properties of housing markets. The model can generate the large price changes ...
A Caplin… - Journal of Economic Theory, 2006 - Elsevier
We introduce a new class of finite horizon stochastic decision problems in which
preferences change over time, and provide a proof of the existence of a recursively optimal
strategy. Recursive optimization techniques dominate many areas of economic dynamics. ...
A Caplin… - The Psychology of Economic Decisions, 2003 - books.google.com
In building their models, economists assume that human behavior derives from the effort to
fulfill a few simple and transparent goals. Yet, a century of psychological experimentation
points in an entirely different direction. Psychological research reveals the many complex ...
A Caplin… - 1999 - nber.org
We show that a straight forward approximation of the distribution of durable goods holdings
gives rise to a tractable equilibrium (S, s) model of durable demand. We analyze both
competitive and monopoly supply. We show that equilibrium interactions lead to ...
C Foote, E Hurst… - The American Economic Review, 2000 - JSTOR
In this paper we quickly characterize the microeconomic evidence for the model. To narrow
the scope of our discussion, we will focus our attention on real variables, and we will
comment on price inertia where appropriate. We conclude that, in spite of its popularity, ...
A Caplin… - 1994 - nber.org
In this paper we argue that many topics in macroeconomics can be viewed as part of the
broader theory of the economics of adjustment. We argue that existing approaches to the
economics of adjustment take a very narrow view of the role of information. We outline an ...
A Caplin… - The American Economic Review, 1996 - JSTOR
In this paper we explore some of the many ways that trading costs influence trading and
valuation in asset markets. We focus particularly on how price and volume together
determine market participants' views of the desirability of trade. Our starting point is the ...
JV Leahy… - Review of Economic Studies, 2005 - Wiley Online Library
Skip to Main Content. ...
JV Leahy… - 2000 - nber.org
Page 1. NBER WORKING PAPER SERIES THE TIMING OF PURCHASES AND
AGGREGATE FLUCTUATIONS John V. Leahy Joseph Zeira Working Paper 7672
http ://www.nber.org/papers/w7672 NATIONAL BUREAU OF ...
JV Leahy - Harvard Institute of Economic Research Working …, 1991 - ideas.repec.org
... Author info | Abstract | Publisher info | Download info | Related research | Statistics. Author
Info. Leahy, JV. Additional information is available for the following registered author(s): John
Leahy. Abstract. No abstract is available for this item. Download Info. ...
A Caplin… - The Journal of Economic Perspectives, 2010 - ingentaconnect.com
Abstract: It was the question of how best to balance the costs of ordering and of running out
of stock against the costs of holding excess inventory that inspired Kenneth Arrow, Theodore
Harris, and Jacob Marschak to introduce the (S, s) model in 1951. In this celebratory ...
JT Leahy - Journal of Business Ethics, 1986 - Springer
... 1986 by D. ReidetPublishing Company. Page 2. 466 John ~ Leahy at the contribution of religious
ethics to busi- ness from the revisionist model. ... Theodore M. Hes- Page 8. 472 John ~ Leahy burgh,
CSC The first, third, and fourth notions of embodiment are theological. ...
[CITATION] European Union views on international greenhouse gas emissions trading
P Chasek, DL Downie, K Baumert, S Clark… - … University School of …, 1998
A Caplin, J Leahy… - … -CV STARR CENTER …, 1997 - econ.as.nyu.edu
Abstract We extend expected utility theory to situations in which the prizes include feelings
about living with uncertainty. We provide two examples to show the impact of these
anticipatory feelings on decision making. Key Words: anticipation, expected utility, ...
[CITATION] Medical malpractice
JL Taylor - 1980 - J. Wright
A Caplin… - New Economy, 1997 - Wiley Online Library
Uncertainty in the economy makes policy-making a tricky game to play ployment. This
ignorance that inevitably sur-rounds the conduct of policy has been central to the monetary
policy literature for many years. Milton Friedman famously argued that'long and variable ...
A Caplin… - 1994 - nber.org
Mass layoffs give rise to groups of unemployed workers who possess similar characteristics
and therefore may learn from one another's experience searching for a new job. Two factors
lead them to be too selective in the job offers that they accept. The first is an information ...
[CITATION] Monetary Policy as a Search Process
A Caplin… - American Economic Review, 1996
D Aragon, A Caplin,
S Chopra, JV Leahy… - 2010 - nber.org
... Sumit Chopra New York University sumit@cs.nyu.edu John V. Leahy Department of Economics
New York University 19 W. 4th Street, 6th Floor New York, NY 10012 and NBER
john.leahy@nyu.edu Yann LeCun New York University yann@cs.nyu.edu ...
[CITATION] Total Motivation Equals Top Performance
JI Leahy - Sales Management, 1973
[CITATION] ASYMMETRIC INFORMATION
A Caplin… - ADJUSTMENT COSTS AND MARKET DYNAMICS ( …
[CITATION] Socially Responsible Investing: The quest for financial return and social good
J Leahy - Accountancy Ireland, 2008
A Caplin… - Journal of Monetary Economics, 2000 - Elsevier
Mass layoffs give rise to groups of unemployed workers who possess similar characteristics
and, therefore, may learn from one another's experience searching for a new job. Two
factors lead them to exert too little effort in equilibrium. The first is an information ...
S Bang, JC Leahy, Y Cho… - … Research Record: Journal …, 2006 - Trans Res Board
Page 1. A series of centrifuge model tests was conducted to measure the ultimate
horizontal bearing capacity of suction piles. Three different pile lengths were tested
in sand. Model piles were laterally loaded at different points ...
[CITATION] The demise of marginal q
RJ Caballero… - NBER working paper, 1996
JV Leahy - Journal of Money, Credit and Banking, 1995 - JSTOR
... Simonsen, pp. 3-24. Cambridge: MIT Press, 1983. Caplin, Andrew, and John Leahy.
"State-Dependent Pricing and the Dynamics of Money and Output." Quarterly Journal
of Economics 106 (1991), 683-708. . "Aggregation and ...
[CITATION] Are Target Zone Models Relevant?
G Bodnar… - a conference sponsored by the National Bureau of …, 1990
[CITATION] The Danger of Gradualism in Economic Policy
A Caplin… - 1992 - mimeo (New York, NY, Columbia …
A Caplin… - Journal of Economic Theory, 2006 - Elsevier
Durable goods are an important component of the business cycle. Equilibrium models of
durable goods markets are made difficult by the lumpy nature of individual purchases. We
show that a straightforward approximation of the distribution of durable goods holdings ...
[CITATION] Optimality, competitive equilibrium, and the entry and exit decisions of firms
J Leahy - Aggregation and Adjustment, Ph. D. thesis, Princeton …, 1990
A Caplin… - Discussion Papers, 1992 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
[CITATION] Miracle on Sixth Avenue
J Leahy - reproduced, Harvard University, 1994
[CITATION] Notes on an Industry Equilibrium Model of Entry and Exit
J Leahy - unpublished, Princeton U, 1989
[CITATION] The Doctor and Negligence
J Leahy Taylor - Pitman Medical, London, 1971
[CITATION] Forthcoming.“Retirement Consumption: Insights from a Survey.”
J Ameriks, A Caplin… - Review of Economics and Statistics
[CITATION] oFixed Costs: The Demise of Marginal q. pWorking Paper No. 5508
RJ Caballero… - 1996 - NBER
A Caplin… - 2010 - nber.org
... We thank Mamoru Kaneko, John Leahy Sr., Jeffrey Mensch, Victor Norman, Ennio Stacchetti,
and Ivan Werning for helpful comments. ... John V. Leahy Department of Economics New York
University 19 W. 4th Street, 6th Floor New York, NY 10012 and NBER john.leahy@nyu.edu ...
KA Hassett… - Brookings Papers on Economic Activity, 2004 - JSTOR
... investment to have been excessive in the late 1990s. The fact that it was supported
John Leahy's view that one should look for an explanation at the aggregate rather
than at the firm level. Turning to the discussion of the effects of ...
[CITATION] On the relationship between sS models and representative agent models. New York University, Department of Economics
A Caplin… - 2002 - Working Paper
[CITATION] The Social Discount Factor
A Caplin… - 1999 - mimeo, New York University
[CITATION] Rediscovering Some New England Artists, 1875-1900
RH Kristiansen… - 1987 - Dedham, Mass.: Gardner-O'Brien
[CITATION] International transmission of monetary policy: the US and Canada
J Furman… - 1996 - Harvard University discussion paper, …
[CITATION] Behavioral policy
A Caphn… - Essays in psychology and economics. Oxford …, 2003
[CITATION] Comment on Dowrick 'Ideas and Education: Level or Growth Effects?'
J Leahy - 2003 - … of Chicago Press) August. http://www …
[CITATION] On Asset Market Behaviour: The Implications and Evolutionary Stability of Noise Trading
J Leahy - unpublished MA dissertation, University of Warwick, 1989
[CITATION] The Art of Swimming in the Eton Style
J Leahy - 1875 - Macmillan & Company Nottingham
Abstract: Economists do not have reliable measures of current house values, let alone
housing returns. This ignorance underlies the illiquidity of mortgage-backed securities,
which in turn feeds back to deepen the sub-prime crisis. Using a massive new data tape of ...
A Caplin… - New York University. Mimeo, 1998 - econ.nyu.edu
Abstract We extend expected utility theory to situations in which agents experience feelings
of anticipation at dates prior to the resolution of uncertainty. We show how these anticipatory
feelings may result in time inconsistency. We provide examples to show the impact of ...
[CITATION] Durable goods cycles. New York University, Department of Economics
A Caplin… - 2002 - Working Paper
A Caplin… - 2010 - nber.org
... NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge,
MA 02138 August 2010 We thank Mamoru Kaneko, John Leahy Sr., Jeffrey Mensch, Victor
Norman, Michael Reiter, and Ennio Stacchetti, for helpful comments. ...
A Caplin… - Growth and Productivity in East Asia, NBER-East …, 2004 - nber.org
The papers in this volume tend to fall into two camps: those that take a microeconomic
perspective on growth and productivity and those that take a more aggregate perspective.
This paper contributes to the ongoing effort in macroeconomics to link the two ...
JJ Leahy - getcited.org
An academic directory and search engine.
[CITATION] A Comparison of Wordsworth's Prelude and Tennyson's In Memoriam
JE Leahy - 1956 - Ohio State University
[CITATION] TEACHING ABOUT ROMAN CATHOLICISM IN THE PUBLIC SCHOOLS: THE SACRAMENTS
JT Leahy - Religion & public education: the bulletin of the National …, 1987 - The Council
A Caplin… - princeton.edu
Abstract Indivisible all# or# nothing purchase decisions and wealth effects are crucial
features of many real world markets, such as housing markets and many auction markets.
Together, indivisibilities and wealth effects render classical techniques of marginal ...
[CITATION] MED1CAL CENTER NEWS AND ANNOUNCEMENTS
JL Bradley, RS Byrne, SJ Calvert… - …, 1951 - Georgetown University Medical …
[CITATION] The Persons Entitled to Crown Privileges
JM Leahy - 1973
JM Leahy… - Cath. UL Rev., 1950 - HeinOnline
Page 1. PRIVILEGED COMMUNICATIONS BETWEEN HUSBAND AND WIFE IN THE
DISTRICT OF COLUMBIA At a comparatively early period in the history of the common
law, neither spouse was competent to testify for or against the other. ...
[CITATION] TWENTY-FIVE YEARS OF LIVING HISTORY
JJ LEAHY - The history of anesthesia: third international …, 1992 - Wood Library Museum of
[CITATION] Guidelines for Nonspecialized Teachers in the Study of African Art
JL Leahy - 1971 - Wayne State University, Department …
J Leahy - szgerzensee.ch
Abstract I survey the resent literature on the Phillips curve. Along the way I will try to relate
this literature to topics of interest to industrial organization. I will also point out gaps in our
understanding and places that more careful microeconomic analysis would be help% ful ...
[CITATION] Traditional and New Treatment Paradigms
JL Leahy
[CITATION] The relationship of attitude toward the elderly, knowledge about the elderly, and preference for working with the elderly among licensed psychologists
JJ Leahy - 1989 - Northeastern University
A Caplin… - Harvard Institute of Economic Research …, 1992 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
[CITATION] A thirty year record: projects of the Bureau of Educational Research, 1921-1951
JF Leahy, RE Seeger - 1952 - … , the College of Education, the Ohio …
EW Rushton… - The High School Journal, 1961 - JSTOR
Page 1. The School-within-School Concept EW Rushton AND John P. Leahy Superintendent
of Schools Roanoke Virginia Assistant Professor of Education, University of Virginia Dreaming
and school plant planning seem in some ways to be miles apart. ...
[CITATION] How Important Is Discrete Adjustment in Aggregate
A Caplin… - 2004
J Leahy - Harvard Institute of Economic Research Working …, 1993 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your
bookmarks. The Connection Between Optimal Stopping Problems and Optimal
Control Problems in Discrete Time. John Leahy (). ...
RH Kristiansen… - 1987 - getcited.org
An academic directory and search engine.
[CITATION] How Do Students Think about Learning: Metacognition in Fifth Grade Students
J Leahy - 2002 - Antioch University, Seattle
JV Leahy… - questia.com
The Effect of Uncertainty on Investment: Some Stylized Trends Journal article by John V. Leahy,
Toni M. Whited; Journal of Money, Credit & Banking, Vol. 28, 1996. Read The Effect of
Uncertainty on Investment: Some Stylized Trends at Questia library.
[CITATION] The Insurmountable Wall: A Study of the Attempts to Secure State Aid for Private School Tuition in Ohio in the 1930s
JA Leahy - 1988 - Case Western Reserve University.
[CITATION] John T. Connolly, Pro Ami. Vs. New York & New England R. Co: Plaintiff's Brief
M Galligan, JP Leahy, JT Connolly… - 1890
J LEAHY - Technology, 2003 - files.nyu.edu
Why do similar households end up with very different levels of wealth? We show that
differences in the attitudes and skills with which they approach financial planning are a
significant factor. We use new and unique survey data to assess these differences and to ...
[CITATION] The clarification and simplification of statutes through use of statements of purpose: Renton revisited
JM Leahy - 1986 - Columbia University.
J Furman, JV Leahy… - 1996 - en.scientificcommons.org
[CITATION] We thank the National Science Foundation for fmancial support. This paper is part of NBER's research program in Economic Fluctuations. Any opinions …
A Caplin… - ECONOMICS, 1994
[CITATION] Curriculum Change: 1968 General Principles
JF Leahy - The University of Virginia education …, 1968 - University of Virginia Education …
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