We examine the expectational stability (E-stability) of rational expectations equilibrium under optimal interest rate rules in the context of the standard, "New Keynesian" model of the monetary transmission mechanism. We focus on the case where the monetary authority adds interest rate...

We examine the expectational stability (E-stability) of rational expectations equilibrium under optimal interest rate rules in the context of the standard, "New Keynesian" model of the monetary transmission mechanism. We focus on the case where the monetary authority adds interest rate...

My dissertation uses game theoretical and experimental approaches to study how individual's behavior in different informational environments affects economic outcomes and motivations for charitable giving. Chapter 2 "Bargaining with Uncertain Value Distributions" studies a bargaining model in...

This dissertation consists of three empirical chapters. The first chapter examines the extent to which real-world agents are rational in making quantitative expectations, an issue over which there is much debate. In this chapter dynamic models for new plant-level survey data are estimated in...

This thesis deals with macroeconomic dynamics. In chapter 1, I study a one-sector growth model withendogenous discount rate of the sort proposed by citet{1}. I extendthe model into a heterogeneous agents model with respect to initialwealth, and investigate whether the wealthdistribution may...

Informational assumptions are an important aspect of the study of auctions in economictheory. However, there has been limited research into how the assumptions made by theoristsimpact their results. I explore two different aspects of the information available to biddersin auctions. The...

Adaptive learning is important in dynamic models since it is a process that shows the improvement in the understanding of the agents of the model. Whenever there is a dynamic environment, there is a room for improvement through learning. In this thesis I analyze the adaptive learning of the...

Wireless communications rely on access to radio spectrum. With a continuing proliferation of wireless applications and services, the spectrum resource becomes scarce. The measurement studies of spectrum usage, however, reveal that spectrum is being used sporadically in many geographical areas...

This dissertation consists of the three independent chapters in the areas of Public Economics and Microeconomic Theory. The first two chapters use experimental and computational techniques to address two important behavioral issues in Public Economics. In particular, the first chapter (with Lise...

Shareholder litigation is important because it is costly and can influence firms reporting behavior. Prior research finds that attorneys incentives and specific firm characteristics drive shareholder litigation. In this study, I control for these known drivers in order to examine whether an...