{"id":153,"date":"2023-12-07T15:20:07","date_gmt":"2023-12-07T23:20:07","guid":{"rendered":"https:\/\/live-usc-dornsife.pantheonsite.io\/michael-magill\/?page_id=153"},"modified":"2023-12-11T18:18:19","modified_gmt":"2023-12-12T02:18:19","slug":"curriculum-vitae","status":"publish","type":"page","link":"https:\/\/dornsife.usc.edu\/michael-magill\/curriculum-vitae\/","title":{"rendered":"Curriculum Vitae"},"content":{"rendered":"\n\n  \n    \n\n\n\n\n\n\n<div\n  class=\"cc--component-container cc--rich-text \"\n\n  \n  \n  \n  \n  \n  \n  >\n  <div class=\"c--component c--rich-text\"\n    \n      >\n\n    \n      \n<div class=\"f--field f--wysiwyg\">\n\n    \n  <p><a class=\"cta-link\" href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Magill_CV_01_2017.pdf\" target=\"_blank\" rel=\"noopener\">Download CV (PDF)<\/a><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-171 size-full\" src=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Magill_2.jpg\" alt=\"Michael Magill\" width=\"260\" height=\"375\" srcset=\"https:\/\/dornsife.usc.edu\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Magill_2.jpg 260w, https:\/\/dornsife.usc.edu\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Magill_2-208x300.jpg 208w\" sizes=\"(max-width: 260px) 100vw, 260px\" \/><\/p>\n<h3><\/h3>\n<h3>Fields of Specialization<\/h3>\n<p>Economics of Financial Markets and Monetary Theory<br \/>\nTheory of Incomplete Markets<br \/>\nEconomics of Uncertainty; Dynamic Economics<\/p>\n<p>&nbsp;<\/p>\n<h3>Academic Background<\/h3>\n<ul>\n<li>Professor, University of Southern California, 1981-present<\/li>\n<li>Visiting Professor, Paris School of Economics, June 2010, June-July 2013<\/li>\n<li>Visiting Professor, Swiss Finance Institute, University of Zurich, Fall 2009, May-June 2014<\/li>\n<li>Visiting Professor, Cowles Foundation, Yale University, Fall 2000, 2002<\/li>\n<li>Visiting Professor, Universit\u00e9 de Paris II, 1990-2000 (summer)<\/li>\n<li>Visiting Professor, CORE, Louvain La Neuve, Belgium, September 1994<\/li>\n<li>Visiting Professor, Department of Economics, University of Bonn, Spring 1990, Fall 1994<\/li>\n<li>Visiting Professor, Institute of Economics, University of Copenhagen, February 1990<\/li>\n<li>Visiting Professor, Universit\u00e9 de Paris IX, Dauphine, Paris, 1986-1988 (summer)<\/li>\n<li>Visiting Research Fellow, Laboratoire d&#8217; Econometrie de l&#8217;Ecole Polytechnique, 1985-1988<\/li>\n<li>Visiting Research Fellow, CEPREMAP, Paris, 1985-1986<\/li>\n<li>Visiting Professor, Universit\u00e9 de Paris II, 1985-1986<\/li>\n<li>Associate Professor, University of Southern California, 1979-1981<\/li>\n<li>Visiting Associate Professor, Stanford University, 1978-1979<\/li>\n<li>Visiting Associate Professor, Northwestern University, 1977-1978<\/li>\n<li>Milton Friedman Fellow, University of Chicago, Spring 1977<\/li>\n<li>Associate Professor, Indiana University, 1976-1979<\/li>\n<li>Assistant Professor, Indiana University, 1968-1975<\/li>\n<li>Brown University, Providence, RI (Ph.D., 1970), 1964-1968<\/li>\n<li>Cambridge University, England (B.A., 1964), 1961-1964<\/li>\n<li>Eton College, England, 1956-1961<\/li>\n<\/ul>\n<h3>Awards and Honors<\/h3>\n<ul>\n<li>Fellow of the Society for Advancement of Economic Theory, 2011<\/li>\n<li>Fellow of the Econometric Society, 2000<\/li>\n<li>Earhart Foundation Fellowship, 1966<\/li>\n<li>National Association of Mutual Savings Banks Award, 1965<\/li>\n<\/ul>\n<h3>Societies<\/h3>\n<ul>\n<li>American Economic Association<\/li>\n<li>Econometric Society<\/li>\n<li>Society for the Advancement of Economic Theory<\/li>\n<\/ul>\n<h3>Editorial Responsibilities<\/h3>\n<ul>\n<li>Associate Editor, Mathematics and Financial Economics (2006 &#8211; Current)<\/li>\n<li>Associate Editor, Economic Theory (1997 &#8211; Current)<\/li>\n<li>Associate Editor, Journal of Mathematical Economics (1984 &#8211; Current)<\/li>\n<li>Editorial Board, Acta Applicandae Mathematicae (1982 &#8211; Current)<\/li>\n<li>Associate Editor, Journal of Mathematical Analysis &amp; Applications (1982-1995)<\/li>\n<\/ul>\n<h3>Publications<\/h3>\n<h4>Books<\/h4>\n<ul>\n<li>On a General Economic Theory of Motion, Springer-Verlag, New York, 1970<\/li>\n<li>Theory of Incomplete Markets, Volume 1, with M. Quinzii, Cambridge: MIT Press, 1996<\/li>\n<li>Incomplete Markets, Volume 1, Finite Horizon Economies, with Martine Quinzii, International Library of Critical Writings in Economics, Edward Elgar Publishing Company, Cheltenham, 2008<\/li>\n<li>Incomplete Markets, Volume 2, Infinite Horizon Economies, with Martine Quinzii, International Library of Critical Writings in Economics, Edward Elgar Publishing Company, Cheltenham, 2008<\/li>\n<\/ul>\n<h4>Articles<\/h4>\n<ul>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/duality_74.pdf\">&#8220;The Duality of the Price and Technology Sets,&#8221;<\/a><\/strong> Metroeconomica, Vol. XXVI, 1974, pp.63-85.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/portfolio_transaction_costs_JET_76.pdf\"> &#8220;Portfolio Selection with Transactions Costs,&#8221; <\/a><\/strong> with George M. Constantinides, Journal of Economic Theory, Vol. 13, 1976, pp. 245-263.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/investment_mutual_fund.pdf\">&#8220;The Preferability of Investment Through a Mutual Fund,&#8221; <\/a> <\/strong>Journal of Economic Theory, Vol. 13, 1976, pp. 264-271.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/local_analysis_uncertainty_JET_77.pdf\">&#8220;A Local Analysis of Capital Accumulation under Uncertainty,&#8221; <\/a> <\/strong>Journal of Economic Theory, Vol. 15, 1977, pp. 211-219.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/new_results_local_stab_JET_77.pdf\"><strong>&#8220;Some New Results on the Local Stability of the Process of Capital Accumulation&#8221;, <\/strong><\/a> Journal of Economic Theory, Vol. 15, 1977, pp. 174-210.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Dynamic_under_uncertainty_Ecm_79.pdf\">&#8220;Dynamics Under Uncertainty,&#8221; <\/a><\/strong> with William A. Brock, Econometrica, Vol. 47, 1979, pp. 843-868.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Stab_Regular_Equilibria_IER_79.pdf\"><strong>&#8220;Stability of Regular Equilibria and the Correspondence Principle for Symmetric Variational Problems,&#8221; <\/strong><\/a> with Jose A. Scheinkman, International Economic Review, Vol. 20, 1979, pp. 297-315.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Stability_Equilibrium_IER_79.pdf\"> &#8220;The Stability of Equilibrium&#8221;, <\/a><\/strong> International Economic Review, Vol. 20, 1979, pp. 577-597.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Cyclical_motion_JEDC_79.pdf\"><strong>&#8220;On Cyclical Motion in Dynamic Economics,&#8221;<\/strong> <\/a> Journal of Economic Dynamics and Control, Vol. 1, 1979, pp. 199-218.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Infinite_Horizon_programs_Econometrica_81.pdf\"><strong>&#8220;Infinite Horizon Programs,&#8221;<\/strong> <\/a> Econometrica, Vol. 49, 1981, pp. 679-711.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Eqm_Existence_Thm_JMAA_81.pdf\"> &#8220;An Equilibrium Existence Theorem,&#8221; <\/a><\/strong> Journal of Mathematical Analysis and Applications, Vol. 84, 1981, pp. 162-169.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/variational_problems_JMAA_81.pdf\"><strong> &#8220;On a Class of Variational Problems Arising in Mathematical Economics,&#8221;<\/strong> <\/a> Journal of Mathematical Analysis and Applications, Vol. 82, 1981, pp. 66-74.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/pricing_infinite_horizon_program_JMAA_82.pdf\"><strong>&#8220;Pricing Infinite Horizon Programs,&#8221;<\/strong> <\/a> Journal of Mathematical Analysis and Applications, Vol. 88, 1982, pp. 398-421.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/risk_investment_JMAA_83.pdf\"><strong>&#8220;An Equilibrium Model of Risk and Investment,&#8221; <\/strong><\/a> Journal of Mathematical Analysis and Applications, Vol. 92, 1983, pp. 507-523.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/price_relations_futures_mkt_JMAA_83.pdf\"><strong>&#8220;Price Relations on Futures Markets for Storable Commodities,&#8221; <\/strong><\/a> with Jess Benhabib, Journal of Mathematical Analysis and Applications, Vol. 91, 1983, pp. 567-591.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/asymptotic_futures_markets_Cheng_EL_83.pdf\">&#8220;An Asymptotic Property of Equilibrium on Futures Markets Arising from Speculation,&#8221; <\/a><\/strong> with Hsueh-Cheng Cheng, Economics Letters, Vol. 11, 1983, pp. 371-375.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/impatience_and_accumulation_JMAA_84.pdf\"><strong> &#8220;Impatience and Accumulation,&#8221;<\/strong> <\/a> with Kazuo Nishimura, Journal of Mathematical Analysis and Applications, Vol. 98, 1984, pp. 270-281.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Arrow_Lind_thm_JMAA_84.pdf\"><strong>&#8220;On the Arrow-Lind Theorem,&#8221; Journal of Mathematical Analysis and Applications,<\/strong> <\/a> Vol. 102, 1984, pp. 211-219.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/futures_markets_Cheng_JMAA_85.pdf\"> &#8220;Futures Markets, Production and Diversification of Risk,&#8221; <\/a><\/strong> with Harrison Cheng, Journal of Mathematical Analysis and Applications, Vol. 197, 1985, pp. 331-355.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/information_acquisition_EL_85.pdf\"><strong>&#8220;Investment in Information Acquisition,&#8221;<\/strong> <\/a> with Jean-Pierre Danthine, Economic Letters, Vol. 19, 1985, pp. 221-225.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/understanding_futures_mkts_empirica_85.pdf\">&#8220;Understanding Futures Markets,&#8221; <\/a><\/strong> Empirica, Journal of the Austrian Economic Association, Vol. 2, 1985, pp. 125-145.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/qual_properties_futures_JE_86.pdf\"><strong>&#8220;On the Qualitative Properties of Futures Market Equilibrium,&#8221; <\/strong><\/a> with Manfred Nermuth, Journal of Economics, Vol. 46, 1986, pp. 233-252.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Comp_stat_uncertainty_IER_87.pdf\">&#8220;Some Results on Comparative Statics Under Uncertainty,&#8221; <\/a><\/strong> with H. Cheng and W. Shafer, International Economic Review, Vol. 28, 1987, pp. 493-507.<\/li>\n<li><strong><a href=\"generically_complete_asset_structure_JME_90\"> &#8220;Characterization of Generically Complete Real Asset Structures&#8221;, <\/a><\/strong> with Wayne Shafer, Journal of Mathematical Economics, Vol. 19, 1990, pp. 167-194.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/HLM_existence_JME_90.pdf\">&#8220;Existence of Equilibrium with Incomplete Markets,&#8221; <\/a><\/strong> with S. Husseini and J.M. Lasry, Journal of Mathematical Economics, Vol. 19, 1990, pp. 39-68.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Geometric_approach_existence_JME_90.pdf\">&#8220;A Geometric Approach to a Class of Equilibrium Existence Theorems,&#8221; <\/a><\/strong> with M. Hirsch and A. Mas-Colell, Journal of Mathematical Economics, Vol. 19, 1990, pp. 95-106.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/GMQD.pdf\"><strong>&#8221; Generic Inefficiency of Stock Market Equilibrium when Markets are Incomplete,&#8221;<\/strong> <\/a> with J. Geanakopolos, M. Quinzii and J. Dreze, Journal of Mathematical Economics , Vol. 19, 1990, pp. 113-152.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Incomplete_Markets_Handbook_91.pdf\"><strong>&#8220;Incomplete Markets&#8221;,<\/strong> <\/a> with W. Shafer, The Handbook of Mathematical Economics, Volume IV, W. Hildenbrand and H. Sonnenschein eds, Elsevier Science Publishers, Amsterdam, 1991, pp.1523-1614<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/nonneutrality_of_money_1991.pdf\"><strong>&#8220;The Non-Neutrality of Money in a Production Economy with Nominal Assets,&#8221; <\/strong><\/a> with M. Quinzii, in Equilibrium Theory and Applications: Proceedings of the Sixth International Symposium of Economic Theory and Econometrics, W.A. Barnett et al., editors, Cambridge University Press, 1991, pp. 31-64.<\/li>\n<li>&#8220;Allocation of Aggregate and Individual Risks through Financial Markets,&#8221; with Wayne Shafer, in Equilibrium and Dynamics, Essays in Honor of David Gale, M. Majumdar ed., Macmillan,1992, pp. 148-178.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/real_effect_money_JME_92.pdf\"><strong>&#8220;Real Effects of Money in General Equilibrium,<\/strong><\/a><strong>&#8220;<\/strong> with M.Quinzii, Journal of Mathematical Economics, Vol. 21, 1992, pp. 301-342.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Infinite_Horizon_Econometrica_94.pdf\"><strong>&#8220;Infinite Horizon Incomplete Markets,&#8221;<\/strong><\/a> with M. Quinzii, Econometrica , Vol. 62, 1994, pp. 853-880.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Infinite_horizon_bubbles_JME_96.pdf\"><strong>&#8220;Incomplete Markets over an Infinite Horizon: Long-lived Securities and Speculative Bubbles,&#8221;<\/strong> <\/a> with M. Quinzii, Journal of Mathematical Economics, Vol. 26, 1996, pp. 133-170.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Nominal_versus_indexed__ET_97.pdf\"><strong>&#8220;Which Improves Welfare More: a Nominal or an Indexed Bond?&#8221; <\/strong><\/a> with M. Quinzii, Economic Theory, Vol. 10, 1997, pp. 1-37.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/incentives_and_risk_sharing_1999.pdf\">&#8220;Incentives and Risk Sharing in a Stock Market Equilibrium,&#8221; <\/a> <\/strong>with M. Quinzii, in Studies in Economic Theory, Volume 8, Current Trends in Economics: Theory and Applications, edited by A. Alkan and N.C. Yannelis, Springer Verlag, 1999.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Infinite_horizon_CAPM_ET_00.pdf\"><strong>&#8220;Infinite Horizon CAPM Equilibrium,&#8221;<\/strong> <\/a> with M. Quinzii, Economic Theory, Vol. 15, 2000, pp. 103-138.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/capital_market_moral_hazard_JME_02.pdf\"><strong>&#8220;Capital Market Equilibrium with Moral Hazard&#8221;,<\/strong> <\/a> with M. Quinzii, Journal of Mathematical Economics, Vol. 38, 2002, pp. 149-190.<\/li>\n<li>&#8220;Intermediation, The Stock Market and Intergenerational Transfers,&#8221; with M. Quinzii, in General Equilibrium: Problems, and Prospects, F. Hahn and F. Pietri eds, Routledge, 2003, pp. 315-340.<\/li>\n<li>&#8220;Incentives and the Stock Market in General Equilibrium,&#8221; in General Equilibrium: Problems, and Prospects, F. Hahn and F. Petri eds, Routledge, 2003<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Indeterminacy_OLG_ET_03.pdf\">&#8220;Indeterminacy of Equilibrium in Stochastic Overlapping Generations Models,&#8221; <\/a> <\/strong>with M. Quinzii, Economic Theory, Vol. 21, 2003, pp. 435-454.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Non-shiftable_capital_JME_03.pdf\"><strong>&#8220;Nonshiftable Capital, Affine Price Expectations and Convergence to the Golden Rule&#8221;,<\/strong> <\/a> with M. Quinzii, Journal of Mathematical Economics, Vol. 39, 2003, pp. 239-272.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/2004_demography_brookings.pdf\">&#8220;Demography and the Long-Run Predictability of the Stock Market&#8221; <\/a><\/strong> with J. Geanakoplos and M. Quinzii, Brookings Papers on Economic Activity, 2004, 1, pp. 241-307.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Common_Shock_AF_2006.pdf\">&#8220;Common Shocks and Relative Compensation&#8221;, <\/a><\/strong> with M. Quinzii, Annals of Finance, Vol. 2, 2006, pp. 229-252.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Normative_Properties_JME_08.pdf\"><strong>&#8220;Normative Properties of Stock Market Equilibrium with Moral Hazard&#8221;, <\/strong><\/a> with M. Quinzii, Journal of Mathematical Economics, Vol. 44, 2008, pp. 785-806.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Elgar_intro_Vol_1.pdf\">&#8220;Introduction&#8221; to Incomplete Markets, Volume 1, Finite Horizon Economies, <\/a><\/strong> with Martine Quinzii, International Library of Critical Writings in Economics, Edward Elgar Publishing Company, Cheltenham, 2008<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Elgar_intro_Vol_2.pdf\">&#8220;Introduction&#8221; to Incomplete Markets, Volume 2, Infinite Horizon Economies, <\/a><\/strong> with Martine Quinzii, International Library of Critical Writings in Economics, Edward Elgar Publishing Company, Cheltenham, 2008<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Probability_Approach_ET_09.pdf\"><strong>&#8221; Probability Approach to General Equilibrium with Production&#8221;,<\/strong> <\/a> with M. Quinzii, Economic Theory, Vol. 39, 2009. pp. 1-41.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Palgrave_Incomplete_Markets.pdf\"><strong>&#8220;General Equilibrium with Incomplete Markets&#8221;, <\/strong><\/a> with M.Quinzii, The New Palgrave Dictionary of Economics, Online Edition, 2009.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/comoment_IER_10.pdf\">&#8220;A Comoment Criterion for the Choice of Risky Investment by Firms&#8221;, <\/a><\/strong> with M. Quinzii, International Economic Review, Vol. 51, 2010, pp. 723-744.<\/li>\n<li><strong><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Anchoring_Expectations_of_Inflation_JME_2014.pdf\">&#8220;Anchoring Expectations of Inflation,&#8221; <\/a><\/strong> with M. Quinzii, Journal of Mathematical Economics, Vol. 50, 2014, pp. 86-105.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Term_structure_and_forward_guidance_ET_2014.pdf\"><strong> &#8220;Term Structure and Forward Guidance as Instruments of Monetary Policy,&#8221;<\/strong> <\/a> with M. Quinzii, Economic Theory, Vol. 56, 2014, pp. 1-32.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Prices__Investment_with_Collateral_JEDC_2015.pdf\"><strong>&#8220;Prices and Investment with Collateral and Default,&#8221;<\/strong> <\/a> with M. Quinzii, Journal of Economic Dynamics and Control, Vol. 51, 2015, pp. 111-132.<\/li>\n<li><a href=\"\/michael-magill\/wp-content\/uploads\/sites\/385\/2023\/12\/Stakeholder_corporation.pdf\"><strong>&#8220;A Theory of the Stakeholder Corporation,&#8221; <\/strong><\/a> with M. Quinzii and J-C. Rochet, Econometrica, Vol. 85, 2015, pp.1685-1725.<\/li>\n<\/ul>\n<h4>Book Review<\/h4>\n<ul>\n<li>Review of: Speculative Bubbles, Speculative Attacks and Policy Switching by R.P. Flood and P.M. Garber, MIT Press, 1994, with M. Quinzii, in Journal of Economics ,Vol 63, 1996, pp. 114-118<\/li>\n<\/ul>\n<h4>Working Papers<\/h4>\n<ul>\n<li>&#8220;Anchoring Expectations of Inflation&#8221; with M. Quinzii, November 20, 2010.<\/li>\n<li>&#8220;Interest Rate Policy and Expectations of Inflation&#8221;, University of Southern California, working paper, August 10, 2011<\/li>\n<li>&#8220;Stakeholder Theory of Corporation&#8221;, with M. Quinzii and J.C. Rochet, University of Southern California, working paper, June 14, 2011<\/li>\n<li>&#8220;On a Class of General Equilibrium Models with Incentives&#8221;, with M. Quinzii, forthcoming in Essays in Honor of A-M. Fericilli, Economica.<\/li>\n<li>&#8220;Entrepreneurship, Increasing Returns and Diversification&#8221;, with M. Quinzii.<\/li>\n<li>&#8220;A Generalization of the Borsuk-Ulam Theorem&#8221;, with M. Hirsch.<\/li>\n<li>&#8220;Incomplete Markets: Preliminary Concepts&#8221; with M. Quinzii.<\/li>\n<\/ul>\n<h3>Invited Lectures<\/h3>\n<ul>\n<li>Equilibre General et Marches Incomplets, University of Paris I, Spring 1986.<\/li>\n<li>Equilibre General avec Marches Incomplets, University of Paris IX, 1986, 1987, 1988<\/li>\n<li>Lectures on Incomplete Markets, with M. Quinzii and W. Shafer, University of Bonn, BOWO, 1988<\/li>\n<li>Lectures on General Equilibrium with Incomplete Markets, with M. Quinzii and W. Shafer, University of Copenhagen, February 1990<\/li>\n<li>Lectures on Incomplete Markets, with M. Quinzii and W. Shafer, University of Bonn, March 1990<\/li>\n<li>Equilibre General, Marches Incomplets et La Theorie Monetaire, University of Paris II, May 1994, 1995<\/li>\n<li>Lecture Series, Incitations et Partage des Risques a Travers les Marches Financiers , Colloque International, University of Paris II, May, 1997<\/li>\n<li>Invited Lecture, Incentives and Risk Sharing in a Stock Market Equilibrium, Bogazici Fest on Economic Design and Management, Bogazici University, Turkey, June 13, 1997<\/li>\n<li>Invited Lecture, The Stock Market and Intergenerational Transfers, XII ISER (International School of Economic Research) Workshop on General Equilibrium: Problems, Prospects, and Alternatives, Certosa di Pontigniano, Sienna, Italy, July 6-10, 1999<\/li>\n<li>Invited Lecture, La Theorie des Marches Incomplets, for Colloque International Annee 2000, Mathematiques et Autres Champs du Savoir, Ecole Normale Superieure Conference, Paris, May 22-23, 2000<\/li>\n<li>Institut Finance Dauphine Lecture, A Statistical Approach to General Equilibrium, Workshop on Risk: Individual and Collective Decision Making, Institut Finance Dauphine, Paris, December 19, 2007<\/li>\n<li>Invited Lecture, Expectations and Inflation, Conference in Honor of Andreu Mas-Collel, Universitat Pompeu Fabra, Barcelona, June 4, 2009<\/li>\n<li>Arne Ryde Memorial Lectures, 2009, Uncertainty and Expectations in General Equilibrium, with M. Quinzii, Lund University, Sweden, September 23-25<\/li>\n<li>Invited Lecture, Uncertainty and General Equilibrium, An Exploration of New Concepts, Swiss Finance Institute and University of Zurich, October 5, 2010<\/li>\n<li>Invited Lecture, Probability Approach to General Equilibrium, Swiss Finance Institute and University of Zurich, October 6, 2010<\/li>\n<li>Invited Lecture, Probability Approach to Monetary Equilibrium, Swiss Finance Institute and University of Zurich, October 26, 2010<\/li>\n<li>Erasmus Distinguished Lectures: Frontiers of Economic Theory, Stakeholder Theory of Corporation, Paris School of Economics, June 2013.<\/li>\n<li>Debreu Lecture: Banking Equilibrium, European Workshop on General Equilibrium, University of Glasgow, June 16, 2016.<\/li>\n<\/ul>\n\n\n\n<\/div>\n\n\n  <\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":11,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-153","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - 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