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"Lives of the Laureates compiles autobiographical essays by recipients of the Nobel Prize in the Economic Sciences who have presented lectures at Trinity University, describing the path that led them to the work honored with a Nobel. The seventh edition includes new essays from laureates Alvin Roth, Amartya Sen, Chris Sims, Michael Spence, Thomas Sargent, and Roger Myerson. James Heckman's chapter has been removed (he did not want it shortened). Profiles that appeared in earlier editions have been edited for length. The full versions will be hosted online. Essays by W. Arthur Lewis, Ronald W. Coase, John C. Harsanyi, and Clive W.J. Granger, which were removed from the sixth edition, have been edited for length and included in the seventh edition."

The internet makes it easier for buyers to purchase goods from distant sellers. However, the inability of the buyer to examine the merchandise results in asymmetry of information. This paper develops a theoretical model to analyze the relationship between quality and price in a setting of asymmetrical information. In the spirit of Akerlof (1970), the model predicts that higher quality goods are less likely to be sold in the market. Since buyers have difficulty distinguishing quality, sellers would have to accept lower prices for their highest quality items. The model is tested using data from internet coin auctions. The results show that coins that are claimed to be of higher quality are less likely to sell and when they do sell do so at lower prices relative to their market value.

AbstractUsing single‐equation estimation techniques, researchers have generally found that forward rates have little ability to predict future spot rates. In this paper, Generalized Least Squares is used to estimate simultaneously the forecastive ability of multiple forward rates. It is discovered that current forward rates significantly predict future spot rates for various rate maturities up to twelve months ahead. Also found are instances in which the Treasury bill market does not conform to the weak form of market efficiency.

We endeavor in this paper to ascertain, for the field of macromonetary economics, the most influential economists, articles, textbooks, and journals. The syllabi of all faculty of the top twenty-five economics departments teaching graduate macromonetary courses were obtained. The syllabi were culled to produce 1527 articles and a number of other publications, including textbooks. The ensuing macromonetary rankings are the first, for this category alone, in more than two decades. Although article rankings by syllabi count and citation count are uncorrelated, the names of top economists by decades produced by syllabi count are generally well known for their accomplishments in research.