David M. Kreps

Corporate Culture and Economic Theory

Abstract In this chapter, I explore how an economic theorist might explain or model a concept such as corporate culture. While the theoretical construction that is given is far ...

A Course in Microeconomic Theory

This book is a text in microeconomics that is both challenging and “user-friendly.” The work is designed for the first-year graduate microeconomic theory course and is accessibl...

Corporate culture and economic theory

In this chapter, I explore how an economic theorist might explain or model a concept such as corporate culture. While the theoretical construction that is given is far from incl...

Price Destabilizing Speculation

It is sometimes asserted that rational speculative activity must result in more stable prices because speculators buy when prices are low and sell when they are high. This is in...

Martingales and arbitrage in multiperiod securities markets