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Starr, Ross M.

Overview
Works: 57 works in 239 publications in 2 languages and 2,844 library holdings
Genres: History 
Roles: Author, Editor, Other
Classifications: HB145, 339
Publication Timeline
Key
Publications about Ross M Starr
Publications by Ross M Starr
Most widely held works by Ross M Starr
Social choice and public decision making by Walter P Heller( Book )
66 editions published between 1986 and 2008 in English and held by 920 libraries worldwide
Professor Kenneth J. Arrow is one of the most distinguished economic theorists. He has played a major role in shaping the subject and is honoured by the publication of three volumes of essays on economic theory. Each volume deals with a different area of economic theory. The books include contributions by some of the best economic theorists from the United States, Japan, Israel and Europe
General equilibrium theory : an introduction by Ross M Starr( Book )
33 editions published between 1997 and 2011 in English and held by 492 libraries worldwide
"General Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced undergraduates and graduate students of economics. This Arrow-Debreu model (known for two of its most prominent founders, both Nobel Laureates) is the basis of modern price theory and of a wide range of applications. The text starts with elementary models: Robinson Crusoe, the Edgeworth Box, and a 2-commodity 2-household 2-firm model. It gives a brief introduction to the mathematics used in the field (continuity, convexity, separation theorems, Brouwer fixed-point theorem, point-to-set mappings, and Shapley-Folkman theorem). It then presents the mathematical general equilibrium model in progressively more general settings, including point-valued, set-valued, and non-convex set-valued demand and supply. Existence of general equilibrium, fundamental theorems of welfare economics, core convergence, and futures markets with time and uncertainty are treated fully. The new edition updates discussion throughout and expands the number and variety of exercises. It offers a revised and extended treatment of core convergence, including the case of non-convex preferences, and introduces the investigation of approximate equilibrium with U-shaped curves and non-convex preferences"--
General equilibrium models of monetary economies : studies in the static foundations of monetary theory by Ross M Starr( Book )
16 editions published between 1971 and 2014 in English and held by 415 libraries worldwide
General Equilibrium Models of Monetary Economies
Uncertainty, information, and communication by Walter P Heller( Book )
17 editions published between 1986 and 2008 in English and held by 404 libraries worldwide
Why is there money? : Walrasian general equilibrium foundations of monetary theory by Ross M Starr( Book )
10 editions published between 2012 and 2013 in English and held by 108 libraries worldwide
"It has long been recognized that the fundamental theoretical analysis of a market economy is embodied in the Arrow-Debreu-Walras mathematical general equilibrium model, with one great deficiency: the analysis cannot accommodate money and financial institutions. In this groundbreaking book, Ross M. Starr addresses this problem directly, by expanding the Arrow-Debreu model to include a multiplicity of trading opportunities, with the resultant endogenous derivation of money as the carrier of value among them. This fundamental breakthrough is achieved while maintaining the Walrasian general equilibrium price-theoretic structure, augmented primarily by the introduction of separate bid and ask prices reflecting transaction costs. The result is foundations of monetary theory consistent with and derived from modern price theory."--Back cover
Liquidity constraints and intertemporal consumer optimization : theory and evidence from durable goods by Eun Young Chah( Book )
10 editions published in 1991 in English and held by 43 libraries worldwide
This paper develops and tests a new set of stochastic implications of optimal consumption behavior in the presence of borrowing constraints. In a departure from previous models, the theory shows that liquidity constraints imply a distinctive intertemporal relationship between durable and nondurable goodconsumption. The presence of binding, liquidity constraints are manifested as part of an error correction term from the long-run cointegrating relationship between durables and nondurables. When liquidity constraints are binding, the error correction term will have predictive power for the future change in nondurable consumption. Empirical tests of the implications using aggregate data support the hypothesis that liquidity constraints, rather than rule-of-thumb behavior, best explain the excess sensitivity of consumption to predictable changes in income
Quasi-equilibria in markets with non-convex preferences by Ross M Starr( Book )
5 editions published between 1966 and 1968 in English and held by 38 libraries worldwide
An upper bound is placed on social divergence from general equilibrium, due to non-convexity of the traders' preference relations. Existence and significance of certain quasi-equilibria are investigated. If there is a sufficiently large number of traders in the market, the existence of a configuration arbitrarily close to equilibrium is demonstrated. (Author)
Equity markets, transactions costs, and capital accumulation an illustration by Valerie R Bencivenga( file )
2 editions published between 1995 and 1999 in Undetermined and English and held by 35 libraries worldwide
Equity markets, transaction costs, and capital accumulation : an illustration by Valerie R Bencivenga( Book )
7 editions published in 1995 in English and held by 32 libraries worldwide
May 1995 How does an economy's efficiency in financial transactions affect its efficiency in physical production? And how does the volume of financial transactions relate to the level of real activity? There is a close, if imperfect, relationship between the effectiveness of an economy's capital markets and its level (or rate of growth) of real development. This may be because financial markets provide liquidity, promote the sharing of information, or permit agents to specialize. There is literature about how these functions help increase real activity, but surprisingly little literature predicting how the volume of activity in financial markets relates to the level or efficiency of an economy's productive activity. Bencivenga, Smith, and Starr address this question: How does the efficiency of an economy's equity market -- as measured by transaction costs -- affect its efficiency in producing physical capital and, through this channel, final goods and services? The answer: As the efficiency of an economy's capital markets increases (that is, as the transaction costs fall), the general effect is to cause agents to make longer-term -- hence, more transaction-intensive -- investments. The result is a higher rate of return on savings and a change in its composition. These general equilibrium effects on the composition of savings cause agents to hold more of their wealth in the form of existing equity claims and to invest less in the initiation of new capital investments. As a result, a reduction in transaction costs can cause the capital stock either to rise or fall (under scenarios described in the paper). Further, a reduction in transaction costs will typically alter the composition of savings and investment, and any analysis of the consequences of such changes must take those effects into account. This paper -- a product of the Finance and Private Sector Development Division, Policy Research Department -- was prepared for a World Bank Conference on Stock Markets, Corporate Finance, and Economic Growth. The study was funded by the Bank's Research Support Budget under the research project Stock Market Development and Financial Intermediary Growth (RPO 679-53)
Market makers' supply and pricing of financial market liquidity by Pu Shen( Book )
7 editions published in 2000 in English and held by 14 libraries worldwide
This study models the bid-ask spread in financial markets as a function of asset price variability and order flow. The market-maker is characterized as passively accepting orders to buy and to sell a security at the market's prevailing price (plus or minus half the bid-ask spread). The bid-ask spread adjusts to cover market-makers' average costs. The bid-ask spread then varies positively with: the security's price volatility, the volatility of order flow, and the absolute value of the market-maker's net inventory position. Each of these variables increases average cost and hence is priced in the bid-ask spread. Thus market liquidity (varying inversely with the bid-ask spread) declines with increasing price and volume volatility and with increasing size of market-maker net inventory positions. The model hence provides a particularly simple explanation for declining market liquidity during periods of large price movements and trading imbalances that increase the size of market-makers' net inventory
Liquidity of the treasury bill market and the term structure of interest rates by Pu Shen( Book )
5 editions published between 1992 and 1994 in English and held by 10 libraries worldwide
Liquidity of secondary capital markets, capital accumulatiion, and the term structure of asset yields by Valerie R Bencivenga( Book )
4 editions published between 1992 and 1993 in English and held by 8 libraries worldwide
Economic incentives for efficient energy use : final report on improving incentives for conservation (agreement no. 4-0161) by Ross M Starr( Book )
5 editions published in 1976 in English and held by 7 libraries worldwide
Yi ban jun heng li lun by Ross M Starr( Book )
1 edition published in 2003 in Chinese and held by 5 libraries worldwide
Why is there money? : endogenous derivation of 'money' as the most liquid asset : a class of examples by Ross M Starr( Book )
4 editions published between 2000 and 2001 in English and held by 4 libraries worldwide
Two-part marginal cost pricing equilibria : existence and efficiency by Donald J Brown( Book )
2 editions published between 1990 and 1991 in English and held by 4 libraries worldwide
U.S. money demand, 1960-1984 by Yoshihisa Baba( Book )
2 editions published in 1988 in English and held by 4 libraries worldwide
 
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Alternative Names
Ross Starr American economist
Languages
English (194)
Chinese (1)
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