WorldCat Identities

Wright, Randall

Works: 157 works in 349 publications in 1 language and 2,342 library holdings
Genres: History  Conference proceedings  Documentary television programs  Television programs  Criticism, interpretation, etc 
Roles: Producer, Editor, Director
Classifications: N7477, 709
Publication Timeline
Publications about  Randall Wright Publications about Randall Wright
Publications by  Randall Wright Publications by Randall Wright
Most widely held works by Randall Wright
Sister Wendy the complete collection ( Visual )
4 editions published between 2006 and 2008 in English and held by 406 WorldCat member libraries worldwide
Follow Sister Wendy around the world as she discusses the art and architecture she sees
David Hockney's secret knowledge by David Hockney ( Visual )
15 editions published between 2001 and 2010 in English and held by 313 WorldCat member libraries worldwide
Investigation of how early painters used simple cameras to capture realistic images--400 years before the invention of the photograph. Examines works by Jan Van Eyck, Vermeer, Holbein, Caravaggio and Velázquez. Demonstrates methods using camera lucida, camera obscura and convex mirrors
Equilibrium wage dispersion an example by Damien Gaumont ( )
7 editions published in 2006 in English and held by 223 WorldCat member libraries worldwide
Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on productivity
Search-theoretic models of the labor market : a survey by Richard Donald Rogerson ( Book )
11 editions published between 2002 and 2005 in English and held by 70 WorldCat member libraries worldwide
"We survey search-theoretic models of the labor market and discuss their usefulness for analyzing labor market dynamics, job turnover, and wages. We first examine single-agent models, showing how they can incorporate many interesting features and generate rich predictions. We then consider equilibrium models that endogenize several variables that are treated parametrically in single-agent models, including the arrival rate of job offers and the wage distribution. We survey alternative formulations of these models, emphasizing two key issues: how workers and firms meet, and how wages are determined. We emphasize throughout the implications of alternative assumptions for turnover, wage dispersion, and efficiency"--NBER website
Economics to econometrics : contributions in honor of Daniel L. McFadden ( Book )
6 editions published in 2007 in English and held by 56 WorldCat member libraries worldwide
St. Petersburg ( Visual )
1 edition published in 1994 in English and held by 51 WorldCat member libraries worldwide
Search for a theory of money by Nobuhiro Kiyotaki ( Book )
9 editions published in 1990 in English and held by 49 WorldCat member libraries worldwide
The classical and early neoclassical economists knew that the essential function of money was its role as a medium of exchange; Recently, this idea has been formalized using search-theoretic noncooperative equilibrium models of the exchange process. The goal of this paper is to use a simple model of this class to analyze four substantive issues in monetary economics: the interaction between specialization and exchange, dual fiat currency regimes, the welfare improving role of money, and the susceptibility of monetary economies to extrinsic uncertainty
Critters, flitters & spitters : 24 amazing Ohio animal tales by Rick Sowash ( Book )
1 edition published in 2003 in English and held by 48 WorldCat member libraries worldwide
Inflation and unemployment in the long run by Aleksander Berentsen ( )
13 editions published between 2008 and 2011 in English and held by 47 WorldCat member libraries worldwide
We study the long-run relation between money (inflation or interest rates) and unemployment. We document positive relationships between these variables at low frequencies. We develop a framework where money and unemployment are modeled using explicit microfoundations, providing a unified theory to analyze labor and goods markets. We calibrate the model and ask how monetary factors account for labor market behavior. We can account for a sizable fraction of the increase in unemployment rates during the 1970s. We show how it matters whether one uses monetary theory based on the search-and-bargaining approach or on an ad hoc cash-in-advance constraint
Labor market fluctuations in the small and in the large by Richard Donald Rogerson ( )
7 editions published in 2008 in English and held by 40 WorldCat member libraries worldwide
Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the data. Hagedorn and Manovskii present an alternative calibration that yields fluctuations consistent with the data, but this has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the differences in policy we sees across countries. We argue this concern may be unwarranted, because one cannot assume elasticities relevant for small changes work for large changes. Models with fixed factors in market or household production can generate large effects from small changes and reasonable effects from large changes. This is reminiscent of attempts to improve the labor market in the Kydland-Prescott model, especially ones incorporating household production, like Benhabib, Rogerson and Wright
Sister Wendy, the complete collection ( Visual )
1 edition published in 2006 in English and held by 39 WorldCat member libraries worldwide
In "Sister Wendy's grand tour," Sister Wendy takes you to the capitals of Europe to discover the great art of the western world and the artists who created it. Continue the trip through the museums of England and Scotland in "Sister Wendy's odyssey." Discover artworks from the well known to the obscure and artists from medieval to modern
Adverse selection in competitive search equilibrium by Veronica Guerrieri ( )
6 editions published in 2009 in English and held by 39 WorldCat member libraries worldwide
We extend the concept of competitive search equilibrium to environments with private information, and in particular adverse selection. Principals (e.g. employers or agents who want to buy assets) post contracts, which we model as revelation mechanisms. Agents (e.g. workers, or asset holders) have private information about the potential gains from trade. Agents observe the posted contracts and decide where to apply, trading off the contracts' terms of trade against the probability of matching, which depends in general on the principals' capacity constraints and market search frictions. We characterize equilibrium as the solution to a constrained optimization problem, and prove that principals offer separating contracts to attract different types of agents. We then present a series of applications, including models of signaling, insurance, and lemons. These illustrate the usefulness and generality of the approach, and serve to contrast our findings with standard results in both the contract and search literatures
Homework in macroeconomics by Jess Benhabib ( Book )
4 editions published in 1990 in English and held by 37 WorldCat member libraries worldwide
A model of commodity money, with applications to Gresham's Law and the debasement puzzle by François R Velde ( Book )
6 editions published between 1996 and 1997 in English and held by 34 WorldCat member libraries worldwide
Innovation and growth with financial, and other, frictions by Jonathan Chiu ( )
3 editions published in 2011 in English and held by 32 WorldCat member libraries worldwide
The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and with the exchange of ideas from those who generate them to those best able to implement them (technology transfer). But frictions in this market, including search, bargaining, and commitment problems, impede exchange and thus slow growth. We characterize optimal policies to subsidize research and trade in ideas, given both knowledge and search externalities. We discuss the roles of liquidity and financial institutions, and show two ways in which intermediation can enhance efficiency and innovation. First, intermediation allows us to finance more transactions with fewer assets. Second, it ameliorates certain bargaining problems, by allowing entrepreneurs to undo otherwise sunk investments in liquidity. We also discuss some evidence, suggesting that technology transfer is a significant source of innovation and showing how it is affected by credit considerations
Buyers, sellers and middlemen variations on search-theoretic themes by Yuet-Yee Wong ( )
2 editions published in 2011 in English and held by 32 WorldCat member libraries worldwide
We study bilateral exchange, both direct trade and indirect trade that happens through chains of intermediaries or middlemen. We develop a model of this activity and present applications. This illustrates how, and how many, intermediaries get involved, and how the terms of trade are determined. We show how bargaining with one intermediary depends on upcoming negotiations with downstream intermediaries, leading to holdup problems. We discuss the roles of buyers and sellers in bilateral exchanges, and how to interpret prices. We develop a particular bargaining solution and relate it to other solutions. In addition to contrasting our framework with other models of middlemen, we discuss the connection to different branches of search theory. We also illustrate how bubbles can emerge in intermediation -- National Bureau of Economic Research web site
The 2005 Summer Workshop on Money, Banking, and Payments, an overview by Ed Nosal ( Book )
3 editions published in 2006 in English and held by 32 WorldCat member libraries worldwide
Endogenous credit cycles by Chao Gu ( )
2 editions published in 2011 in English and held by 32 WorldCat member libraries worldwide
We study models of credit with limited commitment, which implies endogenous borrowing constraints. We show that there are multiple stationary equilibria, as well as nonstationary equilibria, including some that display deterministic cyclic and chaotic dynamics. There are also stochastic (sunspot) equilibria, in which credit conditions change randomly over time, even though fundamentals are deterministic and stationary. We show this can occur when the terms of trade are determined by Walrasian pricing or by Nash bargaining. The results illustrate how it is possible to generate equilibria with credit cycles (crunches, freezes, crises) in theory, and as recently observed in actual economies
The 2006 Summer Workshop on Money, Banking, and Payments, an overview by Ed Nosal ( Book )
3 editions published between 2006 and 2007 in English and held by 31 WorldCat member libraries worldwide
Homework in monetary economics inflation, home production, and the production of homes by S. Boragan Aruoba ( )
4 editions published in 2012 in English and held by 30 WorldCat member libraries worldwide
We study models incorporating money, household production, and investment in housing. Inflation, as a tax on market activity, encourages substitution into household production, and thus investment in household capital. Hence, inflation increases the (appropriately deflated) value of the housing stock. This is documented in various data sources. A calibrated model accounts for a fifth to a half of the observed relationships. While this leaves much to be explained, it demonstrates the channel is economically relevant. We also show models with home production imply higher costs of inflation than models without it, especially when home and market goods are close substitutes
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Audience Level
Audience Level
  Kids General Special  
Audience level: 0.55 (from 0.12 for Critters, ... to 0.97 for Homework i ...)
Alternative Names
Wright, R. 1956-
Wright, Randall 1956-
English (108)