The interest-rate controversies between Böhm-Bawerk and Fisher have attracted little attention and, in the opinion of most commentators, justifiably so. Böhm-Bawerk and Fisher argue over what appear to be two minor issues – Böhm-Bawerk's claims that his third cause of interest (productivity...

Wicksell discussed in his 1893 book Value, capital and rent, as part of a critical comment on Launhardt and Jevons, conditions for consistent aggregation. He argued that Jevons’s trading body concept was only valid if identical linear marginal utility functions (with ensuing parallel Engel...

A first-price sealed-bid auction of an item for which bidders are risk-neutral and have privately known values is shown to have an equilibrium in mixed behavioral strategies if the joint distribution of bidders' values has a continuous density on a cubical support. Such an equilibrium has...