International Journal of Economic Theory

Congratulations to Takashi Hayashi who has won the IJET Lionel McKenzie Prize for 2012 as author of Imprecise information and subjective belief, published in volume 8 issue 1.

The Prize is in honor of Lionel McKenzie, who made pioneering and fundamental contributions to general equilibrium theory and capital accumulation theory. The Prize recognizes an author of a paper published in that year in the International Journal of Economic Theory who is below or at the age of forty and who has made an outstanding contribution to economic theory. The winner receives US$2000 and a three-year subscription to IJET.

You can also read the articles written by the previous winners.

International Journal of Economic Theory (IJET) publishes original articles for international audiences in all fields of economic theory. It also publishes empirical and experimental analyses and mathematical techniques where there is strong relevance to economic theory. Specifically it covers:

• microeconomics
• macroeconomics
• game theory
• general equilibrium
• welfare economics
• public economics
• industrial organization
• intertemporal economics
• international economics
• development economics
• behavioral and experimental economics
• mathematical methods for economics.

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The latest special issue of IJET, in honor of Cuong Le Van, looks at macroeconomic dynamics and its micro foundation. You can read the whole issue online now:

Introduction
Macroeconomic dynamics and its micro foundation: A special issue in honor of Cuong Le Van
Kazuo Nishimura, Myrna Wooders and Makoto Yano

Tribute to Cuong Le Van
Jean-Michel Grandmont

Articles
Small improving coalitions and small group effectiveness
Myrna Wooders

Fixed point for local contractions: Applications to recursive utility
V. Filipe Martins-da-Rocha and Yiannis Vailakis

A remark on the set of arbitrage-free prices in a multi-period model
Bernard Cornet and Abhishek Ranjan

Ergodic chaos and aggregate stability: A deterministic discrete-choice model of wealth distribution dynamics
Takashi Kamihigashi

Optimal ergodic chaos under slow capital depreciation
Kenji Sato and Makoto Yano

Rational bubbles and expectation-driven fluctuations
Stefano Bosi and Thomas Seegmuller

Frequency of trade and the determinacy of equilibrium in economies of overlapping generations
Hippolyte d'Albis and Emmanuelle Augeraud-Véron

On the timing and optimality of capital controls: Public expenditures, debt dynamics and welfare
Raouf Boucekkine, Aude Pommeret and Fabien Prieur

Destabilizing balanced-budget consumption taxes in multi-sector economies
Kazuo Nishimura, Carine Nourry, Thomas Seegmuller and Alain Venditti

You can also browse IJET's other special issues online.

Read the top International Journal of Economic Theory articles online:

Complex networks and local externalities: A strategic approach
Andrea Galeotti and Fernando Vega-Redondo

Legacy of Lionel McKenzie, 1
Ronald W. Jones, Kazuo Nishimura and Makoto Yano

The 'rural hospital theorem' revisited
Fuhito Kojima

Weak concavity properties of indirect utility functions in multisector optimal growth models
Alain Venditti

Imprecise information and subjective belief
Takashi Hayashi