Ross M. Starr

Professor – Department of Economics

Phone: (858) 534-3879

Email: rstarr@ucsd.edu

 

Working Papers

"Slides for the Rolf Mantel Lecture, 2017"

"The Rolf Mantel Lecture, 2017"

"Ross Starr’s remarks at the Tribute to Kenneth Arrow.pdf"

"A Brief Direct Proof of the Kakutani Fixed Point Theorem Using Sperner’s Lemma"

"Responding to Martin Hellwig’s Presidential Address: Smith, Knapp, Menger, Hicks, and Tobin Deal with the Hahn Problem"

"Liquidity Creates Money and Debt: An Intertemporal Linear Trading Post Model"

 

Publications

Why Is There Money? Walrasian General Equilibrium Foundations of Monetary Theory, 160 pp. +xi , 2012, Why is there Money?, published by Edward Elgar Publishing At UCSD the link to the electronic copy is http://ucsd.eblib.com/patron/FullRecord.aspx?p=866976

General Equilibrium Theory: An Introduction, 2nd edition, Cambridge University Press, 2011, Cambridge University Press link

Corrigendum to General Equilibrium Theory 2nd edition

"The Jevons Double Coincidence Condition and Local Uniqueness of Money: An Example " , Journal of Mathematical Economics, 46 (2010), pp. 786–792

Mengerian Saleableness and Commodity Money in a Walrasian Trading Post Example, Economics Letters, 100 (2008), pp. 35 -38.

"Commodity Money Equilibrium in a Convex Trading Post Economy with Transaction Costs" , Journal of Mathematical Economics 44 (2008) 1413–1427 .

"Arrow, Kenneth Joseph (born 1921)" ., in The New Palgrave, second edition, Blume and Durlauf, eds., Macmillan, 2008.

"Heller, Walter Perrin (1942 - 2001)" , in in The New Palgrave, second edition, Blume and Durlauf, eds., Macmillan, 2008.

"Sequence Economies" , in The New Palgrave , second edition, Blume and Durlauf, eds., Macmillan, 2008.

"Shapley-Folkman Theorem" , in The New Palgrave , second edition, Blume and Durlauf, eds., Macmillan, 2008.

"Monetary general equilibrium with transaction costs," in Journal of Mathematical Economics, v.39, no. 3-4 (June 2003), pp. 335-354.

"Why is there money? Endogenous derivation of ‘money’ as the most liquid asset: a class of examples" Economic Theory, v.21, n.2-3, March 2003, pp. 455 - 474

"Existence and Uniqueness of 'Money' in General Equilibrium: Natural Monopoly in the Most Liquid Asset" in "Assets, Beliefs and Equilibria in Economic Dynamics: Essays in Honor of Mordecai Kurz," Aliprantis, Arrow, Hammond, Kubler, Wu, and Yannelis, eds. New York: Springer-Verlag, 2004

Market-makers' supply and pricing of financial market liquidity Economics Letters , Volume 76, Issue 1 , June 2002 , Pages 53-58

Money in Transactions and Financein Encyclopedia of Life Support Systems, EOLSS Publishers Co. Ltd., 28 pp. Commissioned by UNESCO. 2003.

"Secondary Capital Markets, Long-Run Growth, and the Term Structure of Asset Yields," with Valerie Bencivenga and Bruce Smith, International Economic Review, v. 41, n. 3, August 2000, pp. 769-800.

"Money, Markets and Method: Essays in Honor of Robert W. Clower", book review in Journal of Economic Literature, v. XXXVIII, n. 2, June 2000, pp. 430-432.

"Exchange in a Network of Trading Posts" with Maxwell Stinchcombe, in G. Chichilnisky, ed., Markets, Information, and Uncertainty: Essays in Economic Theory in Honor of Kenneth J. Arrow, Cambridge University Press, 1999.

"Liquidity of the Treasury Bill Market and the Term Structure of Interest Rates" with Pu Shen, Journal of Economics and Business, v. 50, September/October 1998, pp. 401-418.

General Equilibrium Theory: An Introduction, New York: Cambridge University Press, 1997. Chinese translation edition: Publishing House of Shanghai. Cambridge University Press link

Corrigendum for First Edition of Starr's General Equilibrium Theory: An Introduction

"Equity Markets, Transactions Costs, and Capital Accumulation: An Illustration," with V. Bencivenga and B. Smith, World Bank Economic Review, May 1996, v.10, pp. 241-266.

"Liquidity of Secondary Capital Markets: Allocative Efficiency and the Maturity Composition of the Capital Stock," with V. Bencivenga and B. Smith, Economic Theory, v.7, 1996, pp. 19-50.

"Transaction Costs, Technological Choice, and Endogenous Growth," with Bencivenga and B. Smith, Journal of Economic Theory, v.67, 1995, pp. 153-177.

"Liquidity Constraints and Intertemporal Consumer Optimization: Theory and Evidence from Durable Goods," with E.Y. Chah and V. Ramey, Journal of Money Credit and Banking, v.27, (February) 1995, pp. 272 - 287.

"The Demand for M1 in the USA: A Reply to Boughton," with David F. Hendry, Economic Journal, v. 103, n. 420, September 1993, pp. 1158-1169.

"Two-Part Marginal Cost Pricing Equilibrium: Existence and Efficiency," with Donald J. Brown and Walter P. Heller. Journal of Economic Theory, v. 57, no. 1, June 1992, pp. 52-72.

"The Demand for M1 in the USA, 1960-1988," with Yoshihisa Baba and David F. Hendry. Review of Economic Studies, v. 59, 1992, pp. 25-61.

"The Transactions Role of Money," with Joseph M. Ostroy, in Handbook of Monetary Economics, B.F. Friedman and F.H. Hahn, eds., New York: Elsevier, 1990 .

General Equilibrium Models of Monetary Economies: Studies in the Static Foundations of Monetary Theory, R.M. Starr, ed., San Diego: Academic Press, 1989.

"On the Theoretical Foundations of Financial Intermediation and Secondary Financial Markets," in International Monetary Cooperation: Essays in Honor of Henry C. Wallich, Essays in International Finance, no. 169, December 1987, Princeton: Princeton University Press.

"Sequence Economies," in Eatwell, Milgate, and Newman, eds., The New Palgrave, London: Macmillan, 1987, vol. 4, pp. 311-312. Reprinted in General Equilibrium, Eatwell, Milgate, and Newman, eds., London: Macmillan, 1989, pp. 269-273.

"Shapley-Folkman Theorem," in Eatwell, Milgate, and Newman, eds., The New Palgrave, London: Macmillan, 1987, pp. 317-318.

"A Note on Indivisibilities, Specialization, and Economies of Scale," with Brian K. Edwards, American Economic Review, v. 77, n. 1, March 1987, pp. 192-194.

"Decentralized Trade in a Credit Economy," in Heller, Starr, and Starrett, eds., Equilibrium Analysis, Cambridge: Cambridge University Press, 1986.

Social Choice and Public Decision Making, edited with W.P. Heller and D.A. Starrett, Essays in Honor of Kenneth J. Arrow, vol. 1, Cambridge: Cambridge University Press, 1986.

Equilibrium Analysis, edited with W.P. Heller and D.A. Starrett, Essays in Honor of Kenneth J. Arrow, vol. 2, Cambridge: Cambridge University Press, 1986.

Uncertainty, Information, and Communication, edited with W.P. Heller and D.A. Starrett, Essays in Honor of Kenneth J. Arrow, vol. 3, Cambridge: Cambridge University Press, 1986.

"Variation in the Maturity Composition of Debt and Behavior of the Monetary Aggregates: The Maturity Shift Hypothesis," Proceedings of the Sixth Federal Reserve Bank of San Francisco Academic Conference (November 1982), published Nov. 1983.

"Pairwise, t-wise, and Pareto Optimalities," with Steven M. Goldman, Econometrica, v. 50, May 1982, pp. 593-606. Reprinted in General Equilibrium Models of Monetary Economies, San Diego: Academic Press, 1989.

"Approximation of Points of the Convex Hull of a Sum of Sets by Points of the Sum: An Elementary Approach," Journal of Economic Theory, v. 25, Oct. 1981, pp. 314-317.

"General Equilibrium Approaches to the Study of Monetary Economies: Comment on Recent Developments," in Kareken and Wallace, eds., Models of Monetary Economies, Proceedings of the Federal Reserve Bank of Minneapolis Conference on Monetary Models, January 1980.

"Capital Market Imperfection, the Consumption Function, and the Effectiveness of Fiscal Policy," with Walter P. Heller, Quarterly Journal of Economics, Aug. 1979 .

"Unemployment Equilibrium with Myopic Complete Information," with Walter P. Heller, Review of Economic Studies, XLVI (2), April 1979, pp. 339-360.

"Money in a Sequence Economy: A Correction," Review of Economic Studies, XLV (2), June 1978, p. 391 . Reprinted in General Equilibrium Models of Monetary Economies, San Diego: Academic Press, 1989.

"Decentralized Nonmonetary Trade," Econometrica, 44 (5), September 1976, pp. 1087-1089. Reprinted in General Equilibrium Models of Monetary Economies, San Diego: Academic Press, 1989.

"Equilibrium with Nonconvex Transactions Costs: Monetary and Nonmonetary Economies," with Walter P. Heller, Review of Economic Studies, XLIII (2), June 1976, pp. 195-215. Reprinted in General Equilibrium Models of Monetary Economies, San Diego: Academic Press, 1989.

"Money and the Decentralization of Exchange," with Joseph Ostroy, Econometrica, 42 (6), November 1974, pp. 1093-1113 . Reprinted in General Equilibrium Models of Monetary Economies, San Diego: Academic Press, 1989.

"The Price of Money in a Pure Exchange Monetary Economy with Taxation," Econometrica, January, 1974,42 (1), pp. 45-54. Reprinted in General Equilibrium Models of Monetary Economies, San Diego: Academic Press, 1989.

"Optimal Production and Allocation Under Uncertainty," Quarterly Journal of Economics, February 1973, pp. 81-95.

"The Structure of Exchange in Barter and Monetary Economies," Quarterly Journal of Economics, May 1972, pp. 290-302. Reprinted in General Equilibrium Models of Monetary Economies, San Diego: Academic Press, 1989.

"Quasi-Equilibria in Markets with Non-Convex Preferences," Econometrica, 37 (1), January 1969, pp. 25-38. Reprinted in General Equilibrium Theory, G. Debreu, ed., in the series International Library of Critical Writings in Economics, Cheltenham, UK: Edward Elgar, 1996.

Unpublished Writing

"Efficient Transportation Routing and Natural Monopoly in the Airline Industry: An Economic Analysis of Hub-Spoke and Related Systems" with Maxwell B. Stinchcombe. UCSD Economics Department Discussion Paper 92-25. June 1992. Circulated for Comment - RESEARCH ARTICLE.