It also makes for a simple equilibrium refinement, which we propose in order to rule out irrational pessimism about deliveries of untraded assets. We show that refined equilibrium always exists in our ...

Green, Jerry R. "A Simple General Equilibrium Model of the Term Structure of Interest Rates." Harvard Institute of Economic Research Discussion Paper, No. 183, January 1971.

This paper develops a simple equilibrium model of CEO pay. CEOs have different talents and are matched to firms in a competitive assignment model. In market equilibrium, a CEO’s pay depends on ...

Robert C. Merton, A Simple Model of Capital Market Equilibrium with Incomplete Information, The Journal of Finance, Vol. 42, No. 3, Papers and Proceedings of the Forty-Fifth Annual Meeting of the ...

THERE IS AN optimistic way of reading the international reaction to the massacre at a New Zealand mosque on March 15th which goes something like this. Appalled by the bloodbath, decent people all ...