48 citations · 123 across the 12 of their papers we have counts for
13 papers
Multivariate Majorization in Principal-Agents Models
Nicholas C Bedard, Jacob K Goeree, Ningyi Sun
We introduce a definition of multivariate majorization that is new to the economics literature. Our majorization technique allows us to generalize Mussa and Rosen's (1978) "ironing…
Tropical Analysis: With an Application to Indivisible Goods
Nicholas C. Bedard, Jacob K. Goeree
We establish the Subgradient Theorem for monotone correspondences -- a monotone correspondence is equal to the subdifferential of a potential if and only if it is conservative, i.e…
A Non-Parametric Test of Risk Aversion
Jacob K Goeree, Bernardo Garcia-Pola
In economics, risk aversion is modeled via a concave Bernoulli utility within the expected-utility paradigm. We propose a simple test of expected utility and concavity. We find lit…
S Equilibrium: A Synthesis of (Behavioral) Game Theory
Jacob K Goeree, Bernardo Garcia-Pola
equilibrium synthesizes a century of game-theoretic modeling. -beliefs determine choices as in the refinement literature and level-, without anchoring on Nash equilibrium…
Yquilibrium: A Theory for (Non-) Convex Economies
Jacob K Goeree
General equilibrium, the cornerstone of modern economics and finance, rests on assumptions many markets do not meet. Spectrum auctions, electricity markets, and cap-and-trade progr…
The Economy's Potential: Duality and Equilibrium
Jacob K Goeree
I introduce a concave function of allocations and prices -- the economy's potential -- which measures the difference between utilitarian social welfare and its dual. I show that Wa…