Edward L. Glaeser and Charles G. Nathanson
Journal of Financial Economics (forthcoming)
A modest approximation to rationality leads house prices to display momentum, mean reversion, and excess volatility.
Benjamin B. Lockwood, Charles G. Nathanson, and E. Glen Weyl
Journal of Political Economy (forthcoming)
When different occupations have different spillover benefits (or costs) to society, the income tax can increase efficiency by incentivizing workers to choose more productive jobs.
Edward L. Glaeser, Joseph Gyourko, Eduardo Morales, and Charles G. Nathanson
Journal of Urban Economics 81 (2014): 45-56
A rational, spatial-equilibrium model estimated with city-level income data captures some of the mean reversion and volatility in house prices, but none of the short-run persistence.
Charles G. Nathanson, Corina E. Tarnita, and Martin A. Nowak
PLoS Computational Biology 5(12): 45-56 (2009)
An easily computable statistic determines which strategy in a 2-by-2 game is evolutionarily stable when that game is played on a given graph.