Stephen E. Spear
Professor of Economics
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- University of Pennsylvania - Ph D (Economics) - 1982
- Beloit College - BA (English Literature) - 1974
Publications
- A Theory of Managerial Compensation and Taxation with Endogenous Risk
(author(s): Stephen Spear, Cidgem Korpeoglu)
Economic Theory Bulletin 6(1), 2018; 81-100 - The Market Game with Production: Coordination and Price Stickiness
(author(s): Guo Chen, Cidgem Korpeoglu, Stephen Spear)
Journal of Mathematical Economics 72(October), 2017; 95-103 - `Performance parking' can lower average parking rates while raising more money for Pittsburgh.
(author(s): Mark Fichman, Stephen Spear, Robert Hampshire, Tayo Fabusuyi)
Pittsburgh Post Gazette, 2014 - Optimum Savings And Optimal Growth: The Cass-Malinvaud-Koopmans Nexus
(author(s): Stephen Spear, Warren Young)
Macroeconomic Dynamics 18(1), 2014; 215-243 - Two Sector Growth, Optimal Growth and the Turnpike: amalgamation and metamorphosis
(author(s): Stephen Spear, Warren Young)
Macroeconomic Dynamics, Cambridge University Press, 2013 - The Collected Scientific Works Of David Cass
International Symposia in Economic Theory and Econometrics Series #21(author(s): Stephen Spear, William Barnett)
Emerald Press 1-3, 2011 - Endogenous Market Incompleteness Without Market Frictions
(author(s): Stephen Spear, Espen Henriksen)
Journal Of Economic Theory 147(2), 2010; 426-449 - Learning Competitive Equilibrium
(author(s): Stephen Spear, S Crockett, S Sunder)
Journal Of Mathematical Economics 44(7-8), 2008; 651-671 - Comment On Mirowksi's 'Markets Come To Bits'
Journal Of Economic Behavior And Organizations 63(2), 2007; 316-320
- When To Fire A CEO: Optimal Termination In Dynamic Contracts
(author(s): Stephen Spear, Cheng Wang)
Journal Of Economic Theory 120(2), 2005 - Shaking The Tree: An Agency Theoretic Model Of Asset Pricing
(author(s): Stephen Spear, Jamsheed Shorish)
Annals Of Finance 1(1), 2005; 51-72 - Introduction To General Equilibrium, Incomplete Markets, And Sunspots: A Symposium In Honor Of David Cass
(author(s): Stephen Spear, Alessandro Citanna, John Donaldson, Herakles Polemarchakis, Paolo Siconolfi)
Economic Theory 24(3), 2004 - Festschrift For Karl Shell
(author(s): Stephen Spear, James Peck)
Journal Of Economic Theory 109(2), 2003 - The Electricity Market Game
Journal Of Economic Theory 109(2), 2003
- An Interview With Karl Shell
(author(s): Stephen Spear, Randall Wright)
Macroeconomic Dynamics 5(5), 2001 - An Interview With David Cass
(author(s): Stephen Spear, Randall Wright)
Macroeconomic Dynamics 2(4), 1998 - Endogenous Strategic Business Cycles
(author(s): Stephen Spear, David Kelly, Aditya Goenka)
Journal Of Economic Theory 81(97), 1998 - Expectationally-Driven Market Volatility: An Experimental Study
(author(s): Stephen Spear, Shyam Sunder, Ramon Marimon)
Journal Of Economic Theory 61(1), 1993 - Evaluating Dimensionality In Spatial Voting Models
(author(s): Stephen Spear, Fallaw Sowell, Keith Poole)
Mathematical And Computer Modelling 16(8/9), 1992 - Stationary Equilibria With Incomplete Markets And Overlapping Generations
(author(s): David Cass, Richard Green, Stephen Spear)
International Economic Review 33(3), 1992; 495-512 - The Market Game: Existence And Structure Of Equilibrium
(author(s): Stephen Spear, James Peck, Karl Shell)
Journal Of Mathematical Economics 21, 1992 - Growth, Externalities And Sunspots
Journal Of Economic Theory 50(2), 1991
- Indeterminacy Of Equilibria In Stochastic Overlapping Generations Models
(author(s): Stephen Spear, Sanjay Srivastava, Michael Woodford)
Journal Of Economic Theory 50(2), 1990 - When Are Small Frictions Negligible?
Economic Complexity: Chaos, Sunspots, Bubbles, and NonlinearityCambridge University Press, 1989
- Are Sunspots Necessary?
Journal Of Political Economy 97(4), 1989
- Learning Rational Expectations Under Computability Constraints
Econometrica 57(4), 1989
- Existence And Local Uniqueness Of Functional Rational Expectations Equilibria In Dynamic Economic Models
Journal Of Economic Theory 44(1), 1988
- An Overlapping Generations Model Of Electoral Competition
(author(s): Stephen Spear, Alberto Alesina)
Journal Of Public Economics 37, 1988 - On Repeated Moral Hazard With Discounting
(author(s): Stephen Spear, Sanjay Srivastava)
Review Of Economic Studies 54(4), 1987 - Markov Rational Expectations Equilibria In A Stochastic Overlapping Generations Model
(author(s): Stephen Spear, Sanjay Srivastava)
Journal Of Economic Theory 38(1), 1986 - Rational Expectations In The Overlapping Generations Model
Journal Of Economic Theory 35(2), 1985
- Sufficient Conditions For The Existence Of Sunspot Equilibria"
Journal Of Economic Theory 34(2), 1984
Working Papers
- Sequential incompleteness and dynamic suboptimality in stochastic OLG economies with production
(author(s): Stephen Spear, Fabrizio Orrego)
- The Market Game with Production and Arbitrary Returns to Scale
(author(s): Stephen Spear, Cidgem Korpeoglu)
- Determinate Perfect Foresight Forecasting in Overlapping Generations Models
(author(s): Stephen Spear, Eungsik Kim)
- Singular Invariant Markovian Equilibrium in Stochastic Overlapping Generations Models
(author(s): Stephen Spear, Eungsik Kim)
- Generalizations of optimal growth theory: stochastic models, mathematics, and meta-synthesis
(author(s): Stephen Spear, Warren Young)
Macroeconomic Dynamics, 2016
University Service
- Ph.D. Committee, Committee Member (2016 - )
- Library Dean Search Committee, Committee Member, Library Dean search (2012 - 2013)
Professional Activities
- Treasurer, Society for Economic Measurement (January 2012 -)
- Associate Editor, Macroeconomic Dynamics (January 2002 -)