José Scheinkman
Biographic Data
| ID | 1619799 |
|---|---|
| NAME | José Scheinkman |
| GIVEN NAMES | José |
| FAMILY NAME | Scheinkman |
| SIGNATURE | SCHEINKMAN J |
| AFFILIATIONS | Princeton University |
| VERIFIED | No |
| TOTAL WORKS | 12 |
| TOTAL CITATIONS | 1289 |
| AUTHOR COUNT | 12 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1977 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 5 |
Repricing Avalanches
We present a menu-cost pricing model with a large but finite number n of firms. A firm's nominal price increase lowers other firms' relative prices, thereby inducing further nominal price increases. The distribution of these "repricing avalanches" converges as n→∞ to a mixture of generalized Poisson distributions with an indexofdispersion=1/(1−θ)2, where θ is determined by the equilibrium of the continuous limit. We calibrate the model to the US …
Bubbles in Assets with Finite Life
A Non Local Free Boundary Problem Arising in a Theory of Financial Bubbles
The injustice of inequality
The Social Multiplier
Aggregate data is often used to make inferences about individual level behavior. If there are social interactions in which one person's actions influence his neighbor's incentives or information, then these inferences are inappropriate. The presence of positive social interactions, or strategic complementarities, implies the existence of a social multiplier where aggregate relationships will overstate individual elasticities. We present a brief m…
Overconfidence and Speculative Bubbles
Motivated by the behavior of asset prices, trading volume, and price volatility during episodes of asset price bubbles, we present a continuous-time equilibrium model in which overconfidence generates disagreements among agents regarding asset fundamentals. With short-sale constraints, an asset buyer acquires an option to sell the asset to other agents when those agents have more optimistic beliefs. As in a paper by Harrison and Kreps, agents pay…
Measuring Trust
Journal Article Measuring Trust Get access Edward L. Glaeser, Edward L. Glaeser Harvard University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar David I. Laibson, David I. Laibson Harvard University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar José A. Scheinkman, José A. Scheinkman Princeton University Search fo…
Crime and Social Interactions
The high variance of crime rates across time and space is one of the oldest puzzles in the social sciences; this variance appears too high to be explained by changes in the exogenous costs and benefits of crime. We present a model where social interactions create enough covariance across individuals to explain the high cross-city variance of crime rates. This model provides an index of social interactions which suggests that the amount of social …
Cattle Cycles
U.S. beef cattle stocks are among the most periodic economic time series. A theory of cattle cycles is constructed on the basis of breeding stock inventory decisions. The low fertility rate of cows and substantial lags and future feedback between fertility and consumption decisions cause the demographic structure of the herd to respond cyclically to exogenous shocks in demand and production costs. Known demographic parameters of cattle imply shar…
Growth in Cities
Recent theories of economic growth, including those of P. Romer (1986, 1990), M. Porter (1990), and J. Jacobs (1969, 1984), have stressed the role of technological spillovers in generating growth. Because such knowledge spillovers are particularly effective in cities, where communication between people is more extensive, data on the growth of industries in different cities allow the authors to test some of these theories. Using a new data set on …
Nonlinearities in Economic Dynamics
Journal Article Nonlinearities in Economic Dynamics Get access José A. Scheinkman José A. Scheinkman University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 400, 1 April 1990, Pages 33–48, https://doi.org/10.2307/2234182 Published: 01 April 1990
The Relevance of the Two-Sector Production Model in Trade Theory
This paper examines how well the basic properties of the traditional 2 × 2 model of a competitive economy, commonly used in much of the pure theory of international trade, generalize when more goods and factors are considered. The notion of factor intensity and the Hekscher-Ohlin, Stolper-Samuelson, and Rybczynski theorems are discussed. The role played by the no-joint-production assumption as opposed to small dimensionality in the latter two res…
Growth in Cities
Recent theories of economic growth, including those of P. Romer (1986, 1990), M. Porter (1990), and J. Jacobs (1969, 1984), have stressed the role of technological spillovers in generating growth. Because such knowledge spillovers are particularly effective in cities, where communication between people is more extensive, data on the growth of industries in different cities allow the authors to test some of these theories. Using a new data set on …
Measuring Trust
Journal Article Measuring Trust Get access Edward L. Glaeser, Edward L. Glaeser Harvard University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar David I. Laibson, David I. Laibson Harvard University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar José A. Scheinkman, José A. Scheinkman Princeton University Search fo…
Overconfidence and Speculative Bubbles
Motivated by the behavior of asset prices, trading volume, and price volatility during episodes of asset price bubbles, we present a continuous-time equilibrium model in which overconfidence generates disagreements among agents regarding asset fundamentals. With short-sale constraints, an asset buyer acquires an option to sell the asset to other agents when those agents have more optimistic beliefs. As in a paper by Harrison and Kreps, agents pay…
The Relevance of the Two-Sector Production Model in Trade Theory
This paper examines how well the basic properties of the traditional 2 × 2 model of a competitive economy, commonly used in much of the pure theory of international trade, generalize when more goods and factors are considered. The notion of factor intensity and the Hekscher-Ohlin, Stolper-Samuelson, and Rybczynski theorems are discussed. The role played by the no-joint-production assumption as opposed to small dimensionality in the latter two res…
Cattle Cycles
U.S. beef cattle stocks are among the most periodic economic time series. A theory of cattle cycles is constructed on the basis of breeding stock inventory decisions. The low fertility rate of cows and substantial lags and future feedback between fertility and consumption decisions cause the demographic structure of the herd to respond cyclically to exogenous shocks in demand and production costs. Known demographic parameters of cattle imply shar…
Nonlinearities in Economic Dynamics
Journal Article Nonlinearities in Economic Dynamics Get access José A. Scheinkman José A. Scheinkman University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 400, 1 April 1990, Pages 33–48, https://doi.org/10.2307/2234182 Published: 01 April 1990
The Relevance of the Two-Sector Production Model in Trade Theory
This paper examines how well the basic properties of the traditional 2 × 2 model of a competitive economy, commonly used in much of the pure theory of international trade, generalize when more goods and factors are considered. The notion of factor intensity and the Hekscher-Ohlin, Stolper-Samuelson, and Rybczynski theorems are discussed. The role played by the no-joint-production assumption as opposed to small dimensionality in the latter two res…
Nonlinearities in Economic Dynamics
Journal Article Nonlinearities in Economic Dynamics Get access José A. Scheinkman José A. Scheinkman University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 400, 1 April 1990, Pages 33–48, https://doi.org/10.2307/2234182 Published: 01 April 1990
Growth in Cities
Recent theories of economic growth, including those of P. Romer (1986, 1990), M. Porter (1990), and J. Jacobs (1969, 1984), have stressed the role of technological spillovers in generating growth. Because such knowledge spillovers are particularly effective in cities, where communication between people is more extensive, data on the growth of industries in different cities allow the authors to test some of these theories. Using a new data set on …
Cattle Cycles
U.S. beef cattle stocks are among the most periodic economic time series. A theory of cattle cycles is constructed on the basis of breeding stock inventory decisions. The low fertility rate of cows and substantial lags and future feedback between fertility and consumption decisions cause the demographic structure of the herd to respond cyclically to exogenous shocks in demand and production costs. Known demographic parameters of cattle imply shar…
Crime and Social Interactions
The high variance of crime rates across time and space is one of the oldest puzzles in the social sciences; this variance appears too high to be explained by changes in the exogenous costs and benefits of crime. We present a model where social interactions create enough covariance across individuals to explain the high cross-city variance of crime rates. This model provides an index of social interactions which suggests that the amount of social …
Measuring Trust
Journal Article Measuring Trust Get access Edward L. Glaeser, Edward L. Glaeser Harvard University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar David I. Laibson, David I. Laibson Harvard University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar José A. Scheinkman, José A. Scheinkman Princeton University Search fo…
The injustice of inequality
The Social Multiplier
Aggregate data is often used to make inferences about individual level behavior. If there are social interactions in which one person's actions influence his neighbor's incentives or information, then these inferences are inappropriate. The presence of positive social interactions, or strategic complementarities, implies the existence of a social multiplier where aggregate relationships will overstate individual elasticities. We present a brief m…
Overconfidence and Speculative Bubbles
Motivated by the behavior of asset prices, trading volume, and price volatility during episodes of asset price bubbles, we present a continuous-time equilibrium model in which overconfidence generates disagreements among agents regarding asset fundamentals. With short-sale constraints, an asset buyer acquires an option to sell the asset to other agents when those agents have more optimistic beliefs. As in a paper by Harrison and Kreps, agents pay…
A Non Local Free Boundary Problem Arising in a Theory of Financial Bubbles
Bubbles in Assets with Finite Life
Repricing Avalanches
We present a menu-cost pricing model with a large but finite number n of firms. A firm's nominal price increase lowers other firms' relative prices, thereby inducing further nominal price increases. The distribution of these "repricing avalanches" converges as n→∞ to a mixture of generalized Poisson distributions with an indexofdispersion=1/(1−θ)2, where θ is determined by the equilibrium of the continuous limit. We calibrate the model to the US …
Economics (10 works) · Economic theories and models (6 works) · Econometrics (5 works) · Microeconomics (4 works) · Geography (3 works) · Mathematics (3 works) · Sociology (3 works) · Computer Science (2 works) · Finance (2 works) · Financial Markets and Investment Strategies (2 works)