Rodney J. Garratt

Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: UC Santa Barbara

 

Contact: 3046 North Hall, (805) 893-2849, garratt@econ.ucsb.edu

 

Courses: Econ 177, Econ 171, Econ 210B

 

Forthcoming Articles:

1.

The Role of Counterparty Risk in CHAPS Following the Collapse of Lehman Brothers (with Evangelos Benos and Peter Zimmerman) forthcoming in the International Journal of Central Banking. (Link to working paper)

2.

The Contagious Capacity of the International Banking Network: 1985-2009 (with L. Mahadeva and E. Svirydenska) forthcoming in the Journal of Banking and Finance. (Link to working paper)

3.

Mapping Change in the Overnight Money Market (with M. Bech, C. Bergstrom and M. Rosvall) forthcoming in Physica A: Statistical Mechanics and its Applications. (Link to working paper)

 

Recent Working Papers:

1.

Efficient Bilateral Trade, with M. Pycia

2.

Second Chance Offers, with T. Tröger.

3.

Saving Lives with Stem Cell Transplants, with T. Bergstrom and D. Sheehan-Connor

4.

Ideal Bootstrapping and Exact Recombination: Applications to Auction Experiments, with C. Bergstrom and T. Bergstrom

 

 

Journal Publications:

1.

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

2.

Public Finance of Private Goods: The Case of College Education (with J. Marshall), Journal of Political Economy 1994, 102 (3), 566-582

3.

Concavifiability and The Marginal Rate of Substitution (with C.-Z. Qin), Journal of Mathematical Economics 1994 23 (4), 395-397

4.

Income Redistributions Without Catastrophes (with A. Goenka), Journal of Economic Dynamics and Control 1995, 19, 441-455

5.

Decentralizing Lottery Allocations in Markets With Indivisible Commodities, Economic Theory 1995, 5, 295-313

6.

Optimum College Admissions, Taxes, and Tuitions When Completion is Uncertain (with J. M. Marshall), Education Economics, December 1995, 3 (3), 219-234

7.

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 

8.

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 

9.

Indivisibilities, Inferior Goods and Giffen Goods, Canadian Journal of Economics, February 1997, 30 (1), 246-251

10.

On a Market for Coalitions With Indivisible Agents and Lotteries (with C.-Z. Qin), Journal of Economic Theory, November 1997, 77 (1), 81-101 

11.

On Bargaining for an Indivisible Good, Games and Economic Behavior, 1999, 26, 186-192

12.

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

13.

A Free Entry and Exit Experiment, Journal of Economic Education, Summer 2000, 31 (3), 237-243

14.

Exclusions and the Demand for Property Insurance 
(with J. M. Marshall), Geneva Papers on Risk and Insurance Theory, 2001, 25, 131-139

15.

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.

16.

A Characterization of Robust Sunspot Equilibria (with T. Keister), Journal of Economic Theory, November 2002, 107, 136-144

17.

Equity Risk, Conversion Risk, and the Demand for Insurance (with J. M. Marshall), Journal of Risk and Insurance, September 2003, 70, 439-460

18.

On Cooperation Structures Resulting from Simultaneous Proposals (with C.-Z. Qin), Economics Bulletin, 2003, Vol. 3 no. 5 pp. 1-9. (Link to paper)

19.

The Intraday Liquidity Management Game (with M. Bech), Journal of Economic Theory, April 2003, 109, 198-219

20.

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)

21.

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

22.

A Tale of Two Cities and a Giffen Good, Canadian Journal of Economics, February 2005, 38(1), 49-56

23.

Potential Maximization and Coalition Government Formation (with J. Parco, C.-Z. Qin, and A. Rapoport), International Game Theory Review, forthcoming. (Link to working paper)

24.

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)

25.

Collusion via Resale (with T. Tröger and C. Zheng), Econometrica, July 2009, 77(4), 1095-1136. (Link to paper)

26.

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)

27.

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)

28.

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)

29.

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)

30.

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)

31.

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)

32.

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)

33.

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)

34.

Choosing Partners: A Classroom Experiment (with C. Bergstrom and T. Bergstrom) forthcoming in the Journal of Education Economics (Link to working paper)

35.

The Role of Counterparty Risk in CHAPS Following the Collapse of Lehman Brothers (with E. Benos and P. Zimmerman) forthcoming in the International Journal of Central Banking (Link to working paper)

36.

The Contagious Capacity of the International Banking Network: 1985-2009 (with L. Mahadeva and E. Svirydenska) forthcoming in the Journal of Banking and Finance. (Link to working paper)

37.

Mapping Change in the Federal Funds Market (with M. Bech, C. Bergstrom and M. Rosvall) forthcoming in Physica A: Statistical Mechanics and its Applications. (Link to working paper)

 

 

Book Chapters:

1.

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

2.

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)

3.

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)

 

 

Older Unpublished Working Papers:

1.

Bank Behavior and Risks in CHAPS Following the Collapse of Lehman Brothers, with E. Benos and P. Zimmerman (published as #35)

2.

Mapping Systemic Risk in the International Banking Network, with Lavan Mahadeva and Katya Svirydenska, 2010 (published as #36)

3.

Inefficient Equilibrium of Second-Price/English Auctions with Resale, with T. Tröger and C. Zheng, 2006

4.

Property Insurance with Conversion Options: Upper Limits and Deductibles, with J. M. Marshall, 1999

5.

Health Care Contracts and Exclusions, with J. M. Marshall, 1997

6.

Further Evidence of the Necessity of Sunspots, with K. Shell, UCSB Working Paper in Economics #6-93

 

Slides: 

Stem Cell Matching, Mapping Systemic Risk, One in a million class presentation, Second Chance Offers

 

Additional Links:

UCSB Economics Department

Personal

Vita

Link to FT Alphaville article on “Mapping Systemic Risk…”

VOX Article on “Bank behavior and risks…”

Here is a fun classroom experiment related to Gale and Shapley’s two-sided matching algorithm.

Great Beamer tutorial.

Hockey stats

 

 

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