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Contact: 3046 North Hall, (805) 893-2849, garratt@econ.ucsb.edu
Courses: Econ 177, Econ 171,
Econ 210B
Forthcoming Articles:
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1.
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Stem Cell Matching for Patients of
Mixed Race (with
T. Bergstrom and D. Sheehan-Connor), forthcoming in The B.E. Journal of
Economic Analysis & Policy. (Link to working paper)
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2.
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The
State Street Mile: Age and Gender Differences in Competition-Aversion in
the Field (with C. Weinberger and N. Johnson), forthcoming in Economic
Inquiry. (Link to working paper)
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3.
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Illiquidity
in the Interbank Payment System Following Wide-Scale Disruptions (with
Morten Bech) forthcoming in the Journal of Money, Credit and Banking.
(Link to working paper)
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4.
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Choosing
Partners: A Classroom Experiment (With C. Bergstrom and T. Bergstrom)
forthcoming in the Journal of
Education Economics (Link to working paper)
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Recent Working Papers:
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1.
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Second Chance Offers, with T. Tröger.
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2.
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Mapping Change in the Federal Funds Market,
with M. Bech, C. Bergstrom and M. Rosvall
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3.
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Bank Behavior and Risks in CHAPS Following the
Collapse of Lehman Brothers, with E. Benos
and P. Zimmerman
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4.*
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The Contagious Capacity of the International Banking
Network: 1985-2009, with L. Mahadeva
and E. Svirydenska
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5.
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Ideal Bootstrapping and Exact Recombination:
Applications to Auction Experiments, with C.
Bergstrom and T. Bergstrom
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*These
papers are being reviewed by the press office at the Bank of England and
will be posted online soon. They are currently available by request.
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Journal
Publications:
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1.
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The Connectedness of the Set of Equilibrium Money Prices
Depends on the Choice of the Numeraire, Journal
of Economic Theory 1992, 56 (1), 206-217
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2.
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Public Finance of Private Goods: The Case of College
Education (with J. Marshall), Journal of Political Economy 1994,
102 (3), 566-582
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3.
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Concavifiability
and The Marginal Rate of Substitution (with C.-Z. Qin), Journal of
Mathematical Economics 1994 23 (4), 395-397
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4.
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Income Redistributions Without Catastrophes (with A. Goenka), Journal of Economic Dynamics and Control
1995, 19, 441-455
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5.
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Decentralizing Lottery Allocations in Markets With
Indivisible Commodities, Economic Theory 1995, 5, 295-313
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6.
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Optimum College Admissions, Taxes, and Tuitions When
Completion is Uncertain (with J. M. Marshall), Education Economics,
December 1995, 3 (3), 219-234
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7.
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Cores and Competitive Equilibria
in an Exchange Model With Indivisibilities and Lotteries (with C.-Z.
Qin), Journal of Economic Theory, February 1996, 68 (2),
531-543
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8.
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Insurable Interest, Options to Convert and Demand for Upper
Limits in Optimum Property Insurance (with J. M. Marshall), Journal of
Risk and Insurance, June 1996, 63 (2), 185-206
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9.
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Indivisibilities, Inferior Goods and Giffen
Goods, Canadian Journal of Economics, February 1997, 30 (1),
246-251
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10.
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On a Market for Coalitions With Indivisible Agents and
Lotteries (with C.-Z. Qin), Journal of Economic Theory, November
1997, 77 (1), 81-101
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11.
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On Bargaining for an Indivisible Good, Games and Economic
Behavior, 1999, 26, 186-192
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12.
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On Market Games When Agents Cannot be
Two Places at Once (with C.-Z. Qin), Games and Economic Behavior,
May 2000, 31 (2), 165-173
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13.
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A Free Entry and Exit Experiment, Journal of Economic
Education, Summer 2000, 31 (3), 237-243
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14.
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Exclusions and the Demand for Property Insurance
(with J. M. Marshall), Geneva Papers on Risk and Insurance Theory,
2001, 25, 131-139
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15.
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Equilibrium Prices when the Sunspot Variable is Continuous
(with T. Keister, C.-Z. Qin and K. Shell), Journal
of Economic Theory, November 2002, 107, 11-38.
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16.
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A Characterization of Robust Sunspot Equilibria
(with T. Keister), Journal of Economic
Theory, November 2002, 107, 136-144
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17.
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Equity Risk, Conversion Risk, and the Demand for Insurance (with
J. M. Marshall), Journal of Risk and Insurance, September 2003,
70, 439-460
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18.
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On Cooperation Structures Resulting from Simultaneous
Proposals (with C.-Z. Qin), Economics Bulletin, 2003, Vol. 3
no. 5 pp. 1-9. (Link to paper)
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19.
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The Intraday Liquidity Management Game (with M. Bech), Journal of Economic Theory, April 2003,
109, 198-219
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20.
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On Potential Maximization as a Refinement of Nash Equilibrium
(with C.-Z. Qin), Economics Bulletin, 2003, Vol. 3 no. 12 pp.
1-11.
(Link to paper)
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21.
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Comparing Sunspot Equilibrium and Lottery Equilibrium
Allocations: The Finite Case (with T. Keister
and K. Shell), International Economic Review, May 2004, Vol. 45,
No. 2, 351-386
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22.
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A Tale of Two Cities and a Giffen
Good, Canadian Journal of Economics, February 2005, 38(1), 49-56
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23.
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Potential Maximization and Coalition Government Formation
(with J. Parco, C.-Z. Qin, and A. Rapoport), International
Game Theory Review, forthcoming. (Link
to working paper)
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24.
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Speculation in Standard auctions with Resale (with Thomas Tröger). See also the online supplement published by Econometrica entitled Supplement to
Speculation in Standard auctions with Resale (with T. Troger),
Econometrica, May 2006, 74(3), 753-769. (Link to paper)
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25.
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Collusion via Resale (with T. Tröger
and C. Zheng), Econometrica,
July 2009, 77(4), 1095-1136. (Link to paper)
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26.
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Bank Runs as Coordination Failures: An Experimental Study
(with T. Keister), Journal of Economic
Behavior & Organization, August 2009, 71(2), 300-317. (Link to
working paper)
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27.
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One Chance in a Million: Altruism and the Bone Marrow Registry (with T. Bergstrom and D.
Sheehan-Connor), American Economic Review, September 2009, 99(4),
1309-34. (Link to working paper)
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28.
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Which
Bank is the “Central” Bank? (with M. Bech and
J. Chapman), Journal of Monetary Economics, April 2010, 57(3),
352-363. (Link to working paper)
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29.
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Efficiency
in Second-Price Auctions: A New Look at Old Data (with J. Wooders), Review of Industrial Organization, July
2010, 37, 43-50. (Link to paper)
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30.
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The
State Street Mile: Age and Gender Differences in Competition-Aversion in
the Field (with C. Weinberger and N. Johnson), forthcoming in Economic
Inquiry. (Link to working paper)
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31.
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Behavior
in Second Price Auctions by Highly Experienced eBay Buyers and Sellers
(with J. Wooders and M. Walker), Experimental Economics, March
2012, 15(1), 44-57. (Link to working paper)
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32.
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Illiquidity
in the Interbank Payment System Following Wide-Scale Disruptions (with M.
Bech), forthcoming in the Journal of Money, Credit and Banking. (Link to working paper)
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33.
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Stem Cell
Matching for Patients of Mixed Race (with T.
Bergstrom and D. Sheehan-Connor), forthcoming in The B.E. Journal of
Economic Analysis & Policy. (Link to working paper)
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34.
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Choosing Partners: A Classroom
Experiment (With C. Bergstrom and T. Bergstrom) forthcoming in the
Journal of Education Economics (Link to working paper)
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Book Chapters:
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1.
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Supplemental
Health Insurance, with J. M. Marshall, in Essays in Law and Economics:
Financial Markets and Insurance, (D. Heremans,
P. Van Cayseele and R. Van den Bergh, Eds.),
MAKLU Publishers, Antwerpen-Appeldoorn, 1996
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2.
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Lotteries
and the Law of Demand, in New
Insights into the Theory of Giffen Goods,
(W Heijman and P. von Mouche,
Eds.), Lecture Notes in Economics
and Mathematical Systems 655, Springer-Verlag
Berlin Heidelberg 2012 (Link to paper)
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3.
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Methods for evaluating liquidity provision in real-time gross
settlement payment systems, with E. Denbee
and P. Zimmerman, in Diagnostics
for the Financial Markets – Computational Studies of Payment System,
Simulator
Seminar Proceedings 2009–2011, Chapter 3, Matti Hellqvist
and Tatu Laine, Eds) Scientific Monographs E:45, 2012 (Link to paper)
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Older Unpublished Working Papers:
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1.
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Mapping Systemic Risk in the International Banking
Network, with Lavan Mahadeva and Katya Svirydenska, 2010
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2.
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Inefficient Equilibrium of Second-Price/English
Auctions with Resale, with T. Tröger and C. Zheng, 2006
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3.
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Property
Insurance with Conversion Options: Upper Limits and Deductibles, with J.
M. Marshall, 1999
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4.
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Health
Care Contracts and Exclusions, with J. M. Marshall, 1997
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5.
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Further Evidence of the
Necessity of Sunspots, with K. Shell, UCSB Working Paper in Economics
#6-93
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