Essays on Evolution, 1889-1907

Essays on Biological Evolution and the Philosophy of Science

Dissertation Essays on Monetary Economics Essays on Monetary Economics

This dissertation consists of three essays on monetary economics. The rst two essays have a focus on the zero lower bound on the nominal interest rate (ZLB) and the Great Recession. In the rst essay, I investigate optimal discretionary monetary policy under the ZLB in the case of a distorted steady state due to monopoly and taxation. I nd that the central bank in a more distorted economy would ...

Three Essays on Auctions

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iv DEDICATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v ACKNOWLEDGEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vi 1.0 INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2.0 ENDOGENOUS FORMATION OF A BIDDING RING . . . . . . . . . 3 ...

Essays on Corporate Investment

In an asset-pricing model calibrated to match the standard asset pricing empirical properties –in particular, the time-variation in the equity premium – we calculate the welfare (value) implications of sub-optimal capital budgeting decisions. Specifically, we calculate that an investment policy that ignores the timevariation in the equity premium, such as would occur with a cost of capital foll...

Essays on mortality

With the earlier accounts, a reader might perhaps question the feasibility of using mortality rates from partly theological narratives intended to illustrate the divine punishment of the Guanches for their sins of infanticide and killing Christian soldiers while resisting invasion, but Crosby is in general conservative when it comes to estimating mortality from disease in post-contact history a...