Using insights obtained from Newey’s (1994) series estimator and a novel restatement of the q-theory that additively separates the marginal adjustment cost term in the canonical model, I model and estimate the shape of the marginal adjustment cost function. I discuss the issues in...

A nonstandard counterpart to the results of Allen and Hellwig (1986) on the convergence of a Bertrand-Edgeworth equilibrium arising out of price setting by firms operating under capacity constraint into a Walrasian (or competitive) equilibrium is presented and analyzed

I derive closed-form expressions for the value of American call and put options (on an asset with continuous yield) using the Feynman-Kac formula, modelling the size of early exercise premium as a function of the strike, dividend yield and time to maturity. Strategies involving European options...

I propose a class of games generalizing Athey & Levin (2018) monotone decision problem approach to two-person noncooperative games of incomplete information, called Monotone Signalling Games, where a player’s payoff is monotone in their opponent’s belief about their unknown type, and only a...