Working Papers

Liquidity Crises, (with Robert E. Lucas, Jr.), May 2011.

Catching Up and Falling Behind, October 2010.

Vintage Capital and the Cycle, February 1997.

The Value of Information in the Delegation Problem, (with Jerry R. Green), H.I.E.R. Discussion Paper No. 776, Harvard University, revised September 1981.

Two Representations of Information Structures and Their Comparisons, (with Jerry R. Green), IMSSS Technical Report No. 271, Stanford University, September 1978.