# Lawrence Edward Blume

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## Personal Details

First Name: | Lawrence |

Middle Name: | Edward |

Last Name: | Blume |

Suffix: | |

RePEc Short-ID: | pbl4 |

http://www.santafe.edu/~leb | |

Ithaca, New York (United States)

http://economics.cornell.edu/

: 607-255-4254

607-255-2818

Uris Hall, 4th Floor, Ithaca NY 14853

RePEc:edi:decorus (more details at EDIRC)

http://economics.cornell.edu/

: 607-255-4254

607-255-2818

Uris Hall, 4th Floor, Ithaca NY 14853

RePEc:edi:decorus (more details at EDIRC)

Wien, Austria

http://www.ihs.ac.at/

: ++43 - (0)1 - 599 91 - 0

++43 - (0)1 - 599 91 - 555

Josefstädter Straße 39, 1080 Wien

RePEc:edi:deihsat (more details at EDIRC)

http://www.ihs.ac.at/

: ++43 - (0)1 - 599 91 - 0

++43 - (0)1 - 599 91 - 555

Josefstädter Straße 39, 1080 Wien

RePEc:edi:deihsat (more details at EDIRC)

Santa Fe, New Mexico (United States)

http://www.santafe.edu/

:

1399 Hyde Park Road, Santa Fe, New Mexico 87501

RePEc:edi:epstfus (more details at EDIRC)

http://www.santafe.edu/

:

1399 Hyde Park Road, Santa Fe, New Mexico 87501

RePEc:edi:epstfus (more details at EDIRC)

- Blume, Lawrence E. & Cogley, Timothy & Easley, David A. & Sargent, Thomas J. & Tsyrennikov, Viktor, 2015.
"
**A Case for Incomplete Markets**," Economics Series 313, Institute for Advanced Studies. - Viktor Tsyrennikov & Timothy Cogley & Thomas Sargent & David Easley & Lawrence Blume, 2014.
"
**The Case for Incomplete Markets**," 2014 Meeting Papers 1098, Society for Economic Dynamics. - Blume, Lawrence E. & Brock, William A. & Durlauf, Steven N. & Jayaraman, Rajshri, 2013.
"
**Linear Social Interactions Models**," Economics Series 298, Institute for Advanced Studies.- Lawrence E. Blume & William A. Brock & Steven N. Durlauf & Rajshri Jayaraman, 2015.
"
**Linear Social Interactions Models**," Journal of Political Economy, University of Chicago Press, vol. 123(2), pages 444 - 496.

- Lawrence E. Blume & William A. Brock & Steven N. Durlauf & Rajshri Jayaraman, 2013.
"
**Linear Social Interactions Models**," NBER Working Papers 19212, National Bureau of Economic Research, Inc.

- Lawrence E. Blume & William A. Brock & Steven N. Durlauf & Rajshri Jayaraman, 2015.
"
- Lawrence E. Blume & William A. Brock & Steven N. Durlauf & Yannis M. Ioannides, 2010.
"
**Identification of Social Interactions**," Discussion Papers Series, Department of Economics, Tufts University 0754, Department of Economics, Tufts University.- Blume, Lawrence E. & Brock, William A. & Durlauf, Steven N. & Ioannides, Yannis M., 2010.
"
**Identification of Social Interactions**," Economics Series 260, Institute for Advanced Studies.

- Blume, Lawrence E. & Brock, William A. & Durlauf, Steven N. & Ioannides, Yannis M., 2010.
"
- L. Blume, 2010.
"
**The Statistical Mechanics of Strategic Interaction**," Levine's Working Paper Archive 488, David K. Levine.- Blume Lawrence E., 1993.
"
**The Statistical Mechanics of Strategic Interaction**," Games and Economic Behavior, Elsevier, vol. 5(3), pages 387-424, July.

- Blume Lawrence E., 1993.
"
- Blume, Lawrence & Easley, David & Halpern, Joseph Y., 2009.
"
**Constructive Decision Theory**," Economics Series 246, Institute for Advanced Studies. - Blume,L.E. & Durlauf,S.N., 2005.
"
**Identifying social interactions : a review**," Working papers 12, Wisconsin Madison - Social Systems. - Lawrence E. Blume, 2003.
"
**Stigma and Social Control**," Game Theory and Information 0312002, EconWPA.- Blume, Lawrence, 2002.
"
**Stigma and Social Control**," Economics Series 119, Institute for Advanced Studies.

- Blume, Lawrence, 2002.
"
- Blume,L. & Durlauf,S., 2002.
"
**Equilibrium concepts for social interaction models**," Working papers 7, Wisconsin Madison - Social Systems. - Larry Blume & David Easley, 2001.
"
**If You're So Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets**," Cowles Foundation Discussion Papers 1319, Cowles Foundation for Research in Economics, Yale University.- Lawrence Blume & David Easley, 2006.
"
**If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets**," Econometrica, Econometric Society, vol. 74(4), pages 929-966, 07.

- Lawrence Blume & David Easley, 2001.
"
**If You're So Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets**," Working Papers 01-06-031, Santa Fe Institute.

- Lawrence Blume & David Easley, 2006.
"
- Blume,L.E. & Durlauf,S.N., 2000.
"
**The interactions-based approach to socioeconomic behavior**," Working papers 1, Wisconsin Madison - Social Systems. - Lawrence E. Blume & David Easley, 1998.
"
**Optimality and Natural Selection in Markets**," Working Papers 98-09-082, Santa Fe Institute.- Blume, Lawrence E. & Easley, David, 2002.
"
**Optimality and Natural Selection in Markets**," Journal of Economic Theory, Elsevier, vol. 107(1), pages 95-135, November.

- Lawrence E. Blume & David Easley, 1997.
"
**Optimality and Natural Selection in Markets**," GE, Growth, Math methods 9712003, EconWPA, revised 09 Jul 1998.

- Blume, Lawrence E. & Easley, David, 2002.
"
- Larry E. Blume, 1996.
"
**Population Games**," Working Papers 96-04-022, Santa Fe Institute.- Lawrence Blume, 1996.
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**Population Games**," Game Theory and Information 9607001, EconWPA.

- Lawrence Blume, 1996.
"
- Lawrence E. Blume, 1995.
"
**Evolutionary Equilibrium with Forward-Looking Players**," Game Theory and Information 9509001, EconWPA. - Lawrence E. Blume, 1994.
"
**How Noise Matters**," Game Theory and Information 9407002, EconWPA, revised 27 Jul 1994.- Blume, Lawrence E., 2003.
"
**How noise matters**," Games and Economic Behavior, Elsevier, vol. 44(2), pages 251-271, August.

- Blume, Lawrence E., 2003.
"
- Lawrence Blume & David Easley, 1993.
"
**Rational Expectations and Rational Learning**," Game Theory and Information 9307003, EconWPA. - Lawrence Blume, 1993.
"
**The Statistical Mechanics of Best-Response Strategy Revision**," Game Theory and Information 9307001, EconWPA, revised 26 Jan 1994.- Blume Lawrence E., 1995.
"
**The Statistical Mechanics of Best-Response Strategy Revision**," Games and Economic Behavior, Elsevier, vol. 11(2), pages 111-145, November.

- Blume Lawrence E., 1995.
"
- Lawrence E. Blume & William R. Zame, 1993.
"
**The Algebraic Geometry of Perfect and Sequential Equilibrium**," Game Theory and Information 9309001, EconWPA.- Blume, Lawrence E & Zame, William R, 1994.
"
**The Algebraic Geometry of Perfect and Sequential Equilibrium**," Econometrica, Econometric Society, vol. 62(4), pages 783-94, July.

- Blume, Lawrence E & Zame, William R, 1994.
"

- Lawrence E. Blume & William A. Brock & Steven N. Durlauf & Rajshri Jayaraman, 2015.
"
**Linear Social Interactions Models**," Journal of Political Economy, University of Chicago Press, vol. 123(2), pages 444 - 496.- Blume, Lawrence E. & Brock, William A. & Durlauf, Steven N. & Jayaraman, Rajshri, 2013.
"
**Linear Social Interactions Models**," Economics Series 298, Institute for Advanced Studies. - Lawrence E. Blume & William A. Brock & Steven N. Durlauf & Rajshri Jayaraman, 2013.
"
**Linear Social Interactions Models**," NBER Working Papers 19212, National Bureau of Economic Research, Inc.

- Blume, Lawrence E. & Brock, William A. & Durlauf, Steven N. & Jayaraman, Rajshri, 2013.
"
- Blume, Lawrence & Easley, David & Kleinberg, Jon & Kleinberg, Robert & Tardos, Éva, 2015.
"
**Introduction to computer science and economic theory**," Journal of Economic Theory, Elsevier, vol. 156(C), pages 1-13. - Lawrence E. Blume & Thomas J. Sargent, 2015.
"
**Harrod 1939**," Economic Journal, Royal Economic Society, vol. 0(583), pages 350-377, 03. - Lawrence E. Blume & Steven N. Durlauf, 2015.
"
**Capital in the Twenty-First Century: A Review Essay**," Journal of Political Economy, University of Chicago Press, vol. 123(4), pages 749 - 777. - Lawrence Blume & David Easley, 2010.
"
**Heterogeneity, Selection, and Wealth Dynamics**," Annual Review of Economics, Annual Reviews, vol. 2(1), pages 425-450, 09. - Larry Blume, 2010.
"
**Review 1**," Economic Journal, Royal Economic Society, vol. 120(542), pages F157-F161, 02. - Blume, Lawrence E. & Easley, David & Kleinberg, Jon & Tardos, Éva, 2009.
"
**Trading networks with price-setting agents**," Games and Economic Behavior, Elsevier, vol. 67(1), pages 36-50, September. - Blume, Lawrence & Easley, David, 2009.
"
**The market organism: Long-run survival in markets with heterogeneous traders**," Journal of Economic Dynamics and Control, Elsevier, vol. 33(5), pages 1023-1035, May. - Lawrence Blume & Tarek Coury & David Easley, 2006.
"
**Information, trade and incomplete markets**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(2), pages 379-394, October. - Lawrence Blume & David Easley, 2006.
"
**If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets**," Econometrica, Econometric Society, vol. 74(4), pages 929-966, 07.- Larry Blume & David Easley, 2001.
"
**If You're So Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets**," Cowles Foundation Discussion Papers 1319, Cowles Foundation for Research in Economics, Yale University. - Lawrence Blume & David Easley, 2001.
"
**If You're So Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets**," Working Papers 01-06-031, Santa Fe Institute.

- Larry Blume & David Easley, 2001.
"
- Lawrence E. Blume, 2006.
"
**The Dynamics of Statistical Discrimination**," Economic Journal, Royal Economic Society, vol. 116(515), pages F480-F498, November. - Lawrence E. Blume, 2005.
"
**Learning and Statistical Discrimination**," American Economic Review, American Economic Association, vol. 95(2), pages 118-121, May. - Blume, Lawrence E., 2003.
"
**How noise matters**," Games and Economic Behavior, Elsevier, vol. 44(2), pages 251-271, August.- Lawrence E. Blume, 1994.
"
**How Noise Matters**," Game Theory and Information 9407002, EconWPA, revised 27 Jul 1994.

- Lawrence E. Blume, 1994.
"
- Blume, Lawrence E. & Easley, David, 2002.
"
**Optimality and Natural Selection in Markets**," Journal of Economic Theory, Elsevier, vol. 107(1), pages 95-135, November.- Lawrence E. Blume & David Easley, 1997.
"
**Optimality and Natural Selection in Markets**," GE, Growth, Math methods 9712003, EconWPA, revised 09 Jul 1998. - Lawrence E. Blume & David Easley, 1998.
"
**Optimality and Natural Selection in Markets**," Working Papers 98-09-082, Santa Fe Institute.

- Lawrence E. Blume & David Easley, 1997.
"
- Blume Lawrence E., 1995.
"
**The Statistical Mechanics of Best-Response Strategy Revision**," Games and Economic Behavior, Elsevier, vol. 11(2), pages 111-145, November.- Lawrence Blume, 1993.
"
**The Statistical Mechanics of Best-Response Strategy Revision**," Game Theory and Information 9307001, EconWPA, revised 26 Jan 1994.

- Lawrence Blume, 1993.
"
- Blume, Lawrence & Easley, David & O'Hara, Maureen, 1994.
"
**Market Statistics and Technical Analysis: The Role of Volume**," Journal of Finance, American Finance Association, vol. 49(1), pages 153-81, March. - Blume, Lawrence E & Zame, William R, 1994.
"
**The Algebraic Geometry of Perfect and Sequential Equilibrium**," Econometrica, Econometric Society, vol. 62(4), pages 783-94, July.- Lawrence E. Blume & William R. Zame, 1993.
"
**The Algebraic Geometry of Perfect and Sequential Equilibrium**," Game Theory and Information 9309001, EconWPA.

- Lawrence E. Blume & William R. Zame, 1993.
"
- Blume Lawrence E., 1993.
"
**The Statistical Mechanics of Strategic Interaction**," Games and Economic Behavior, Elsevier, vol. 5(3), pages 387-424, July.- L. Blume, 2010.
"
**The Statistical Mechanics of Strategic Interaction**," Levine's Working Paper Archive 488, David K. Levine.

- L. Blume, 2010.
"
- Blume, Lawrence E. & Easley, David, 1993.
"
**Economic natural selection**," Economics Letters, Elsevier, vol. 42(2-3), pages 281-289. - Bergstrom, Ted C. & Blume, Larry & Varian, Hal, 1992.
"
**Uniqueness of Nash equilibrium in private provision of public goods : An improved proof**," Journal of Public Economics, Elsevier, vol. 49(3), pages 391-392, December. - Blume, Lawrence & Easley, David, 1992.
"
**Evolution and market behavior**," Journal of Economic Theory, Elsevier, vol. 58(1), pages 9-40, October. - Blume, Lawrence & Brandenburger, Adam & Dekel, Eddie, 1991.
"
**Lexicographic Probabilities and Equilibrium Refinements**," Econometrica, Econometric Society, vol. 59(1), pages 81-98, January. - Blume, Lawrence & Brandenburger, Adam & Dekel, Eddie, 1991.
"
**Lexicographic Probabilities and Choice under Uncertainty**," Econometrica, Econometric Society, vol. 59(1), pages 61-79, January.- Lawrence Blume & Adam Brandenburger & Eddie Dekel, 2014.
"
**Lexicographic Probabilities and Choice Under Uncertainty**," World Scientific Book Chapters, in: The Language of Game Theory Putting Epistemics into the Mathematics of Games, chapter 6, pages 137-160 World Scientific Publishing Co. Pte. Ltd..

- Lawrence Blume & Adam Brandenburger & Eddie Dekel, 2014.
"
- Blume, Lawrence & Easley, David, 1990.
"
**Implementation of Walrasian expectations equilibria**," Journal of Economic Theory, Elsevier, vol. 51(1), pages 207-227, June. - Bergstrom, Theodore & Blume, Lawrence & Varian, Hal, 1986.
"
**On the private provision of public goods**," Journal of Public Economics, Elsevier, vol. 29(1), pages 25-49, February. - Blume, Lawrence E. & Easley, David, 1984.
"
**Rational expectations equilibrium: An alternative approach**," Journal of Economic Theory, Elsevier, vol. 34(1), pages 116-129, October. - Lawrence Blume & Daniel L. Rubinfeld & Perry Shapiro, 1984.
"
**The Taking of Land: When Should Compensation Be Paid?**," The Quarterly Journal of Economics, Oxford University Press, vol. 99(1), pages 71-92. - Blume, L. E. & Bray, M. M. & Easley, D., 1982.
"
**Introduction to the stability of rational expectations equilibrium**," Journal of Economic Theory, Elsevier, vol. 26(2), pages 313-317, April. - Blume, Lawrence & Easley, David & O'Hara, Maureen, 1982.
"
**Characterization of optimal plans for stochastic dynamic programs**," Journal of Economic Theory, Elsevier, vol. 28(2), pages 221-234, December. - Blume, Lawrence E., 1982.
"
**New techniques for the study of stochastic equilibrium processes**," Journal of Mathematical Economics, Elsevier, vol. 9(1-2), pages 61-70, January. - Blume, Lawrence E. & Easley, David, 1982.
"
**Learning to be rational**," Journal of Economic Theory, Elsevier, vol. 26(2), pages 340-351, April. - Blume, Lawrence E, 1979.
"
**The Ergodic Behavior of Stochastic Processes of Economic Equilibria**," Econometrica, Econometric Society, vol. 47(6), pages 1421-32, November.

- Lawrence Blume & Adam Brandenburger & Eddie Dekel, 2014.
"
**Lexicographic Probabilities and Choice Under Uncertainty**," World Scientific Book Chapters, in: The Language of Game Theory Putting Epistemics into the Mathematics of Games, chapter 6, pages 137-160 World Scientific Publishing Co. Pte. Ltd..- Blume, Lawrence & Brandenburger, Adam & Dekel, Eddie, 1991.
"
**Lexicographic Probabilities and Choice under Uncertainty**," Econometrica, Econometric Society, vol. 59(1), pages 61-79, January.

- Blume, Lawrence & Brandenburger, Adam & Dekel, Eddie, 1991.
"

- Blume, Lawrence E. & Durlauf, Steven N., 2005.
"
**The Economy As an Evolving Complex System III: Current Perspectives and Future Directions**," OUP Catalogue, Oxford University Press, number 9780195162592, December.

- The New Palgrave Dictionary of Economics, Palgrave Macmillan.

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 12 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.

- NEP-SOC:
**Social Norms & Social Capital**(4) 2005-10-15 2010-10-09 2010-11-20 2013-07-15. Author is listed - NEP-EVO:
**Evolutionary Economics**(3) 2000-06-12 2000-08-26 2001-07-17. Author is listed - NEP-NET:
**Network Economics**(3) 2001-11-27 2010-10-09 2010-11-20. Author is listed - NEP-URE:
**Urban & Real Estate Economics**(3) 2003-12-14 2005-10-15 2013-07-15. Author is listed - NEP-ECM: Econometrics (2) 2010-10-09 2013-07-15
- NEP-LTV: Unemployment, Inequality & Poverty (2) 2010-10-09 2010-11-20
- NEP-CBE: Cognitive & Behavioural Economics (1) 2009-12-19
- NEP-CDM: Collective Decision-Making (1) 2009-12-19
- NEP-DGE: Dynamic General Equilibrium (1) 2015-06-20
- NEP-ENT: Entrepreneurship (1) 2001-11-27
- NEP-GTH: Game Theory (1) 2002-07-04
- NEP-HPE: History & Philosophy of Economics (1) 2005-10-15
- NEP-IND: Industrial Organization (1) 2000-06-12
- NEP-MIC: Microeconomics (1) 2001-11-27
- NEP-PKE: Post Keynesian Economics (1) 2005-10-15
- NEP-UPT: Utility Models & Prospect Theory (1) 2009-12-19

This author is among the top 5% authors according to these criteria:

- Average Rank Score
- Number of Distinct Works, Weighted by Simple Impact Factor
- Number of Distinct Works, Weighted by Recursive Impact Factor
- Number of Distinct Works, Weighted by Number of Authors and Simple Impact Factors
- Number of Distinct Works, Weighted by Number of Authors and Recursive Impact Factors
- Number of Citations
- Number of Citations, Discounted by Citation Age
- Number of Citations, Weighted by Simple Impact Factor
- Number of Citations, Weighted by Simple Impact Factor, Discounted by Citation Age
- Number of Citations, Weighted by Recursive Impact Factor
- Number of Citations, Weighted by Recursive Impact Factor, Discounted by Citation Age
- Number of Citations, Weighted by Number of Authors
- Number of Citations, Weighted by Number of Authors, Discounted by Citation Age
- Number of Citations, Weighted by Number of Authors and Simple Impact Factors
- Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age
- Number of Citations, Weighted by Number of Authors and Recursive Impact Factors
- Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Discounted by Citation Age
- h-index
- Number of Registered Citing Authors
- Number of Registered Citing Authors, Weighted by Rank (Max. 1 per Author)
- Number of Journal Pages, Weighted by Simple Impact Factor
- Number of Journal Pages, Weighted by Recursive Impact Factor
- Number of Journal Pages, Weighted by Number of Authors and Simple Impact Factors
- Number of Journal Pages, Weighted by Number of Authors and Recursive Impact Factors
- Number of Downloads through RePEc Services over the past 12 months
- Breadth of citations across fields
- Wu-Index
- Record of graduates

#### Most cited item

- Bergstrom, Theodore & Blume, Lawrence & Varian, Hal, 1986.
"
**On the private provision of public goods**," Journal of Public Economics, Elsevier, vol. 29(1), pages 25-49, February.

#### Most downloaded item (past 12 months)

- Lawrence E. Blume & Steven N. Durlauf, 2015.
"
**Capital in the Twenty-First Century: A Review Essay**," Journal of Political Economy, University of Chicago Press, vol. 123(4), pages 749 - 777.

#### Access and download statistics for all items

#### Co-authorship network on CollEc

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