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Personal Information
Address
Department of Economics
Florida International University
Miami, FL 33199
Phone: (305) 348-3287
FAX: (305) 348-1524
Education and Experience
Professional Experience
- Associate Professor, Florida International University, 1998-present
- Associate Professor, University of Rochester, 1992-present
- Assistant Professor, University of Rochester, 1986-1992
Education
- Dissertation: Preferences, Technology and Dynamic Equilibria, March 1986
- Ph.D., Economics, Indiana University, 1986
- M.A., Mathematics, Princeton University, 1979
- B.S., Magna Cum Laude, with Honors, Physics, Indiana University, 1975
Awards, Honors, and Fellowships
- Esther L. Kinsley Dissertation Award, May 1987
- Indiana University Dissertation Year Fellowship, 1985-1986
- Henry M. Oliver Memorial Award in Economic Theory, April 1985
- National Science Foundation Graduate Fellowship, 1975-1978
- Phi Beta Kappa, 1974
Research
Main Areas of Research
Economic Theory, Capital Theory, General Equilibrium
Published and Forthcoming Papers
- "Fundamental Nonconvexities in Arrovian Markets and a Coasian Solution to the Problem of Externalities", (with J. Conley), Journal of Economic Theory, February 1997, vol. 72, pp. 388-407.
- "The Existence of Steady States in Multisector Capital Accumulation Models with Recursive Preferences", Journal of Economic Theory, October 1996, vol. 71, pp. 289-297.
- "Recursive Utility: Discrete-Time Theory", (with R. A. Becker), Hitotsubashi Journal of Economics, December, 1993, vol. 34, special issue, pp. 49-98.
- "The Existence of Competitive Equilibrium over an Infinite Horizon with Production and General Consumption Sets", (with L. W. McKenzie), International Economic Review, February 1993, vol. 34, pp. 1-20.
- "Recursive Utility and Optimal Capital Accumulation, II: Sensitivity and Duality", (with R. A. Becker), Economic Theory, 1992, vol. 2, #4, pp. 547-563.
- "The Existence of Ramsey Equilibrium", (with R. A. Becker and C. Foias), Econometrica, March 1991, vol. 59, pp. 441-460.
- "Symmetries, Dynamic Equilibria and the Value Function", in Conservation Laws and Symmetry: Applications to Economics and Finance (R. Sato and R. Ramachandran, eds.), Kluwer, 1990, pp. 225-259.
- "Recursive Utility and the Ramsey Problem", Journal of Economic Theory, April 1990, vol. 50, pp. 326-345.
- "Recursive Utility and Optimal Capital Accumulation, I: Existence" (with R. A. Becker and B. Y. Sung), Journal of Economic Theory, February 1989, vol. 47, pp. 76-100.
- "Teoria de la utilidad recursiva: Tiempo discreto" (with R. A. Becker), Cuadernos Economicos, #46, 1990, pp. 103-160 (Spanish version of Recursive Utility: Discrete-Time Theory).
Working Papers
- Sustained Growth with Heterogeneous Households — draft June 2000
- Interest Rate Rules and Nominal Determinacy (with M. Dotsey) — revised June 1996
- Dynamic Tax Incidence with Heterogeneous Households — revised March 1998
- The Existence of Equilibrium in Infinite-Dimensional Spaces: Some Examples — revised June 1995
- Reciprocal Roots, Paired Roots, and the Saddlepoint Property — January 1989
Book
- Capital Theory, Equilibrium Analysis, and Recursive Utility (with R. A. Becker), Blackwell, 1997, ISBN: 1-557-86413-6.
Conference Presentations
- Duality and Transversality
- Midwest Mathematical Economics Conference, Indiana University, May 13, 1990
- Dynamic Tax Incidence with Heterogeneous Households
- Econometric Society Winter Meetings, Chicago, Dec. 28, 1987
- Buffalo/Cornell/Rochester Theory Conference, Ithaca, May 12, 1988
- Midwest Mathematical Economics Conference, Purdue University, April 30, 1989
- The Existence of Ramsey Equilibrium
- Midwest Mathematical Economics Conference, Michigan State University, October 27, 1985
- The Existence of Competitive Equilibrium over an Infinite Horizon
with Production and General Consumption Sets
- NBER General Equilibrium Conference, Cornell, May 11, 1991.
- Midwest Mathematical Economics Conference, Northwestern University, June 1, 1991.
- Econometric Society Summer Meetings, Philadelphia, June 29, 1991.
- Recursive Utility and Optimal Capital Accumulation, I: Existence
- Midwest Mathematical Economics Conference, University of Pittsburgh, November 1, 1986
- Recursive Utility and Optimal Capital Accumulation, II: Sensitivity
and Duality
- Northwestern University Summer Workshop — Capital Theory and Monetary Economics, August 18, 1987
- Midwest Mathematical Economics Conference, University of Michigan, October 25, 1987
- Recursive Utility and the Ramsey Problem
- Midwest Mathematical Economics Conference, University of Wisconsin, April 27, 1986
- Econometric Society Winter Meetings, New Orleans, Dec. 30, 1986
- Society for Economic Dynamics and Control Annual Meeting, Tempe, Arizona, March 11, 1988
- Recursive Utility: Discrete Time Theory
- Hitotsubashi University International Symposium on Resource Allocation and Capital Accumulation in Market Economies, Tokyo, Japan, March 25, 1992
- Symmetries, Dynamic Equilibria and the Value Function
- Midwest Mathematical Economics Conference, Ohio State University, April 28, 1985
- Econometric Society Winter Meetings, New York, Dec. 28, 1985
- Japan/US Conference on Lie Groups and Other Dynamic Models: Applications to Economics and Finance New York University, May 20, 1987
- The Existence of Steady States in Multisector Capital
Accumulation Models with Recursive Preferences,
- Midwest Mathematical Economics Conference, Purdue University, April 19, 1996
- Core and Equilibria in Infinite-Horizon Economies
- Midwest Mathematical Economics Conference, Washington University, Oct. 18, 1996
- Southeastern Economic Theory Conference, Florida International University and University of Miami, Nov. 2, 1996
Teaching and Graduate Education
Director of Graduate Studies, Florida International University,
1998-present
Director of Graduate Studies, University of Rochester, 1994-1998
Dissertations Supervised
Served on 2 Ph.D. committees at FIU and 29 Ph.D. committees at Rochester, including 12 as primary or co-primary supervisor, and 4 others as a major advisor.
Primary Supervisor
- James Dolmas, Three Essays in Growth Theory, 1993
- Jean Fan, Choosing R&D Time Period: Effects on Business Cycles, Growth, and Development (co-supervisor), 1991
- Christophe Faugère, Essays in the Dynamics of Technical Progress, 1993
- Alejandro Hernández, Dynamic Equilibria: Uncertainty and Borrowing Constraints, 1988
- Mark Hertzendorf, Essays in Economic Theory (co-supervisor), 1991
- Jun-ichi Itaya, Essays on Dynamic Tax Incidence, 1990
- Takao Kataoka, Macroeconomic Policies in Overlapping Generations Economies (co-supervisor), 1990
- Hajime Kubota, Essays on General Equilibrium Approach to Trade, Welfare, and Comparative Advantage, (co-supervisor), 1996
- Hyun Park, Essays on Intertemporal General Equilibrium Models, 1992
- Pierre-Daniel Sarte, Essays on Dynamic Macroeconomics (co-supervisor), 1996
- Tomoichi Shinotsuka, Choice and Equilibrium in Infinite Economies, 1990
- David Zervos, Essays on Non-Time Separable Preference Structures and Models of Economic Growth, 1992
Secondary, with significant input
- Rajeev Bhattacharya, Variations in Equilibrium Price, 1995
- Jiping Guo, General Competitive Locational Economies with and without Local Public Goods, 1996
- Wan-hsiang Pan, Constrained Efficient Allocations in Incomplete Markets: Characterization and Implementation, 1993
- Sungwhee Shin, Implementation by Desirable Game Forms in Public Decision Making, 1995
- Ping Wang, Money, Transaction Structure and Spatial Economics, 1987
FIU, committee member
- Monica Escaleras, Essays on the Determinants of Private Investment: The Effects of Relative Price Uncertainty and Political Instability, 2003
- Li Wang, On the Fundamentals of Research and Development Spillovers in Competitive Markets, 2003
Courses Taught
Undergraduate:
- Principles of Microeconomics
- Principles of Macroeconomics
- Intermediate Microeconomics
- Public Finance and Fiscal Policy
- Topics in Microeconomic Theory
- Economics of Energy and Natural Resources
- Mathematical Economics
Graduate:
- Mathematical Economics
- Modern Value Theory I & II
- Capital Theory I & II
- Seminar in General Equilibrium
- Topics in General Equilibrium Theory
Professional Activities
Professional Affiliations and Memberships
- Econometric Society
- Society for the Advancement of Economic Theory
- Society for the Promotion of Economic Theory
Refereeing
American Economic Review, Econometrica, Economic Design, Economic Theory, International Economic Review, Journal of Development Economics, Journal of Economic Dynamics and Control, Journal of Economic Literature, Journal of Economic Theory, Journal of Functional Analysis, Journal of Mathematical Analysis and Applications, Journal of Monetary Economics, Journal of Optimization Theory and Applications, Journal of Policy Analysis and Management, Journal of Public Economics, Social Choice and Welfare, SIAM Journal on Control and Optimization, American Association for the Advancement of Science, National Science FoundationThe latest version of this document is available in Adobe Acrobat (PDF) format.