The dissertation studies a model of an economy which produces and exportsdurable goods. It analyzes the optimal monetary policy for such a country.Generally, monetary policy has a bigger economic effect on durable goods relative tonon-durable goods because durable goods can be stored and...

This dissertation studies the roles that durable goods play in open economy macroeconomics. The three essays examine if and how durable goods improve the ability to understand business cycle features.The first essay shows how investment behavior and international risk sharing, two business cycle...

[This item is a preserved copy. To view the original, visit http://econtheory.org/] This paper studies the price-setting problem of a monopoly that in each time period has the option of failing to deliver its good after receiving payment. The monopoly may be induced to deliver the good if...

This dissertation comprises three individual chapters. Chapter Two examines how free riding across neighbors influenced the diffusion of color television sets in rural China. Chapter Three tests for asymmetric information between a firm’s management and other investors concerning its patent...