# Michael Magill

## Personal Details

First Name: | Michael |

Middle Name: | |

Last Name: | Magill |

Suffix: | |

RePEc Short-ID: | pma388 |

[This author has chosen not to make the email address public] | |

http://www-rcf.usc.edu/~magill/ | |

## Affiliation

### Department of Economics

University of Southern California

Los Angeles, California (United States)https://dornsife.usc.edu/econ/

: (213) 740-8335

(213) 740-8543

KAP 300, University Park Campus, Los Angeles, CA-90089

RePEc:edi:deuscus (more details at EDIRC)

## Research output

Jump to: Working papers Articles Chapters Books### Working papers

- Michael Magill & Martine Quinzii, 2005.
"
**An Equilibrium Model of Managerial Compensation**," IEPR Working Papers 05.22, Institute of Economic Policy Research (IEPR).- Martine Quinzii & Michael Magill, 2005.
"
**An Equilibrium Model of Managerial Compensation**," Working Papers 120, University of California, Davis, Department of Economics.

- Martine Quinzii & Michael Magill, 2005.
"
- Michael Magill & Martine Quinzii, 2004.
"
**Common Shocks and Relative Compensation Schemes**," IEPR Working Papers 05.21, Institute of Economic Policy Research (IEPR).- Martine Quinzii & Michael Magill, 2005.
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**Common Shocks and Relative Compensation Schemes**," Working Papers 132, University of California, Davis, Department of Economics.

- Martine Quinzii & Michael Magill, 2005.
"
- Michael Magill, 2004.
"
**Demography and the Stock Market**," Theory workshop papers 658612000000000080, UCLA Department of Economics. - John Geanakoplos & Michael Magill & Martine Quinzii, 2003.
"
**Demography and the Long Run Behavior of the Stock Market**," Levine's Working Paper Archive 506439000000000269, David K. Levine. - John Geanakoplos & Michael Magill & Martine Quinzii, 2002.
"
**Demography and the Long-run Predictability of the Stock Market**," Cowles Foundation Discussion Papers 1380R, Cowles Foundation for Research in Economics, Yale University, revised Jul 2004.- Author-Name: John Geanakoplos & Michael Magill & Martine Quinzii, 2004.
"
**Demography and the Long-Run Predictability of the Stock Market**," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 35(1), pages 241-326.

- John Geanakoplos & Michael Magill & Martine Quinzii, 2002.
"
**Demography and the Long-run Predictability of the Stock Market**," Cowles Foundation Discussion Papers 1380, Cowles Foundation for Research in Economics, Yale University.

- Author-Name: John Geanakoplos & Michael Magill & Martine Quinzii, 2004.
"
- Michael Magill, 2000.
"
**Equity, Options and Efficiency in the Presence of Moral Hazard**," Econometric Society World Congress 2000 Contributed Papers 1845, Econometric Society. - Magill, M. & Quinzii, M., 1995.
"
**Which Improves Welfare More: Nominal or Indexed Bond?**," Department of Economics 95-20, California Davis - Department of Economics.- Michael Magill & Martine Quinzii, 1997.
"
**Which improves welfare more: A nominal or an indexed bond?**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 10(1), pages 1-37.

- Magill, M. & Quinzii, M., 1995.
"
**Which Improves Welfare More: Nominal or Indexed Bond?**," Papers 9521, Southern California - Department of Economics. - Magill, M. & Quinzii, M., 1995.
"
**Which Improves Welfare More: Nominal or Indexed Bond?**," Papers 95-20, California Davis - Institute of Governmental Affairs. - MAGILL, Michael & QUINZII, Martine, 1995.
"
**Which Improves Welfare More : Nominal or Indexed Bond ?**," CORE Discussion Papers 1995072, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). - Martine Quinzii & Michael Magill, 2004.
"
**Which Improves Welfare More: Nominal Or Indexed Bond?**," Working Papers 230, University of California, Davis, Department of Economics.

- Michael Magill & Martine Quinzii, 1997.
"
- Magill, M. & Quinzii, M., 1993.
"
**Infinite Horizon Incomplete Markets**," Papers 9320, Southern California - Department of Economics.- Magill, Michael & Quinzii, Martine, 1994.
"
**Infinite Horizon Incomplete Markets**," Econometrica, Econometric Society, vol. 62(4), pages 853-880, July.

- Magill, M. & Quinzii, M., 1992.
"
**Infinite Horizon Incomplete Markets**," DELTA Working Papers 92-26, DELTA (Ecole normale supérieure). - Magill, M. & Quinzii, M., 1992.
"
**Infinite Horizon Incomplete Markets**," Papers 413a, California Davis - Institute of Governmental Affairs.

- Magill, Michael & Quinzii, Martine, 1994.
"
- Magill, M. & Quinzii, M., 1993.
"
**Icomplete Markets Over an Infinite Horizon: Long-Lived Securities and Speculative Bubbles**," Papers 9321, Southern California - Department of Economics.- Magill, Michael & Quinzii, Martine, 1996.
"
**Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles**," Journal of Mathematical Economics, Elsevier, vol. 26(1), pages 133-170.

- Magill, Michael & Quinzii, Martine, 1996.
"
- Hirsch, M.D. & Magill, M. & Mas-Colell, A., 1988.
"
**A geometric Approach to a Class of Fixed Point Theorem**," Papers 527, Stanford - Institute for Thoretical Economics. - John Geanakoplos & Michael Magill & Martine Quinzii & J. Dreze, 1988.
"
**Generic Inefficiency of Stock Market Equilibrium When Markets Are Incomplete**," Cowles Foundation Discussion Papers 863, Cowles Foundation for Research in Economics, Yale University.- Geanakoplos, J. & Magill, M. & Quinzii, M. & Dreze, J., 1990.
"
**Generic inefficiency of stock market equilibrium when markets are incomplete**," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 113-151.

- Geanakoplos,Â J. & Magill, M. & Quinzii,Â M. & Dreze,Â J., 1990.
"
**Generic inefficiency of stock market equilibrium when markets are incomplete**," CORE Discussion Papers RP 916, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

- Geanakoplos, J. & Magill, M. & Quinzii, M. & Dreze, J., 1990.
"
- Magill, M. & Quinzii, M., 1988.
"
**Real Effects Of Money In General Equilibrium**," Papers 8826, Southern California - Department of Economics.- Magill, M. & Quinzii, M., 1992.
"
**Real effects of money in general equilibrium**," Journal of Mathematical Economics, Elsevier, vol. 21(4), pages 301-342.

- Magill, M. & Quinzii, M., 1992.
"
- Magill Mjp & Shafer Wj, 1985.
"
**Allocation of aggregate and individual risks through financial markets**," CEPREMAP Working Papers (Couverture Orange) 8525, CEPREMAP. - Michael J. P. Magill, 1978.
"
**On Cyclical Motion in Dynamic Economics**," Discussion Papers 334, Northwestern University, Center for Mathematical Studies in Economics and Management Science. - William A. Brock & Michael J. P. Magill, 1978.
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**Dynamics Under Uncertainty**," Discussion Papers 324, Northwestern University, Center for Mathematical Studies in Economics and Management Science.- Brock, William A & Magill, Michael J P, 1979.
"
**Dynamics under Uncertainty**," Econometrica, Econometric Society, vol. 47(4), pages 843-868, July.

- Brock, William A & Magill, Michael J P, 1979.
"
- Michael J.P. Magill, 1977.
"
**The Stability of Equilibrium**," Discussion Papers 306, Northwestern University, Center for Mathematical Studies in Economics and Management Science.- Magill, Michael J P, 1979.
"
**The Stability of Equilibrium**," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(3), pages 577-597, October.

- Magill, Michael J P, 1979.
"
- Michael J. P. Magill, 1977.
"
**The Origin of Cycling in Dynamic Economic Models Arising from Maxamizing Behavior**," Discussion Papers 296, Northwestern University, Center for Mathematical Studies in Economics and Management Science. - Michael Magill & Martine Quinzii, "undated".
"
**Incentives And Risk Sharing In A Stock Market Equilibrium**," Department of Economics 96-12, California Davis - Department of Economics.- Martine Quinzii & Michael Magill, 2003.
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**Incentives and Risk Sharing in a Stock Market Equilibrium**," Working Papers 3, University of California, Davis, Department of Economics.

- Martine Quinzii & Michael Magill, 2003.
"
- Michael Magill & Martine Quinzii, "undated".
"
**The Stock Market in the Overlapping Generations**," Department of Economics 99-13, California Davis - Department of Economics.- Martine Quinzii & Michael Magill & Kristin Van Gaasback, 2003.
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**The Stock Market in the Overlapping Generations**," Working Papers 253, University of California, Davis, Department of Economics.

- Martine Quinzii & Michael Magill & Kristin Van Gaasback, 2003.
"
- Michael Magill & Martine Quinzii, "undated".
"
**Equity, Bonds, Growth And Inflation In A Quadratic Infinite Horizon Economy**," Department of Economics 98-08, California Davis - Department of Economics.- Martine Quinzii & Michael Magill & Julian R. Betts, 2003.
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**Equity, Bonds, Growth And Inflation In A Quadratic Infinite Horizon Economy**," Working Papers 112, University of California, Davis, Department of Economics.

- Martine Quinzii & Michael Magill & Julian R. Betts, 2003.
"

### Articles

- Magill, Michael & Quinzii, Martine, 2015.
"
**Prices and investment with collateral and default**," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 111-132. - Magill, Michael & Quinzii, Martine, 2014.
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**Anchoring expectations of inflation**," Journal of Mathematical Economics, Elsevier, vol. 50(C), pages 86-105. - Michael Magill & Martine Quinzii, 2014.
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**Term structure and forward guidance as instruments of monetary policy**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(1), pages 1-32, May. - Michael Magill & Martine Quinzii, 2010.
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**A Comoment Criterion For The Choice Of Risky Investment By Firms**," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(3), pages 723-744, August. - Michael Magill & Martine Quinzii, 2009.
"
**The probability approach to general equilibrium with production**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(1), pages 1-41, April.- Martine Quinzii & Michael Magill, 2007.
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**The Probability Approach To General Equilibrium With Production**," Working Papers 80, University of California, Davis, Department of Economics.

- Martine Quinzii & Michael Magill, 2007.
"
- Magill, Michael & Quinzii, Martine, 2008.
"
**Normative properties of stock market equilibrium with moral hazard**," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 785-806, July.- Martine Quinzii & Michael Magill, 1899.
"
**Normative Properties Of Stock Market Equilibrium With Moral Hazard**," Working Papers 79, University of California, Davis, Department of Economics.

- Martine Quinzii & Michael Magill, 1899.
"
- Michael Magill & Martine Quinzii, 2006.
"
**Common Shocks and Relative Compensation**," Annals of Finance, Springer, vol. 2(4), pages 407-420, October. - Author-Name: John Geanakoplos & Michael Magill & Martine Quinzii, 2004.
"
**Demography and the Long-Run Predictability of the Stock Market**," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 35(1), pages 241-326.- John Geanakoplos & Michael Magill & Martine Quinzii, 2002.
"
**Demography and the Long-run Predictability of the Stock Market**," Cowles Foundation Discussion Papers 1380, Cowles Foundation for Research in Economics, Yale University. - John Geanakoplos & Michael Magill & Martine Quinzii, 2002.
"
**Demography and the Long-run Predictability of the Stock Market**," Cowles Foundation Discussion Papers 1380R, Cowles Foundation for Research in Economics, Yale University, revised Jul 2004.

- John Geanakoplos & Michael Magill & Martine Quinzii, 2002.
"
- Michael Magill & Martine Quinzii, 2003.
"
**Indeterminacy of equilibrium in stochastic OLG models**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(2), pages 435-454, March. - Magill, Michael & Quinzii, Martine, 2003.
"
**Nonshiftable capital, affine price expectations and convergence to the Golden Rule**," Journal of Mathematical Economics, Elsevier, vol. 39(3-4), pages 239-272, June. - Magill, Michael & Quinzii, Martine, 2002.
"
**Capital market equilibrium with moral hazard**," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 149-190, September. - Michael Magill & Martine Quinzii, 2000.
"
**Infinite horizon CAPM equilibrium**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 15(1), pages 103-138. - Michael Magill & Martine Quinzii, 1997.
"
**Which improves welfare more: A nominal or an indexed bond?**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 10(1), pages 1-37.- Magill, M. & Quinzii, M., 1995.
"
**Which Improves Welfare More: Nominal or Indexed Bond?**," Papers 9521, Southern California - Department of Economics. - Magill, M. & Quinzii, M., 1995.
"
**Which Improves Welfare More: Nominal or Indexed Bond?**," Papers 95-20, California Davis - Institute of Governmental Affairs. - MAGILL, Michael & QUINZII, Martine, 1995.
"
**Which Improves Welfare More : Nominal or Indexed Bond ?**," CORE Discussion Papers 1995072, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). - Magill, M. & Quinzii, M., 1995.
"
**Which Improves Welfare More: Nominal or Indexed Bond?**," Department of Economics 95-20, California Davis - Department of Economics. - Martine Quinzii & Michael Magill, 2004.
"
**Which Improves Welfare More: Nominal Or Indexed Bond?**," Working Papers 230, University of California, Davis, Department of Economics.

- Magill, M. & Quinzii, M., 1995.
"
- Magill, Michael & Quinzii, Martine, 1996.
"
**Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles**," Journal of Mathematical Economics, Elsevier, vol. 26(1), pages 133-170.- Magill, M. & Quinzii, M., 1993.
"
**Icomplete Markets Over an Infinite Horizon: Long-Lived Securities and Speculative Bubbles**," Papers 9321, Southern California - Department of Economics.

- Magill, M. & Quinzii, M., 1993.
"
- M. Holler & D. Mueller & H. Kurz & M. Magill & Martine Quinzii & H. Lorenz & D. Schneider, 1996.
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**Book reviews**," Journal of Economics, Springer, vol. 63(1), pages 101-123, February. - Magill, Michael & Quinzii, Martine, 1994.
"
**Infinite Horizon Incomplete Markets**," Econometrica, Econometric Society, vol. 62(4), pages 853-880, July.- Magill, M. & Quinzii, M., 1992.
"
**Infinite Horizon Incomplete Markets**," DELTA Working Papers 92-26, DELTA (Ecole normale supérieure). - Magill, M. & Quinzii, M., 1992.
"
**Infinite Horizon Incomplete Markets**," Papers 413a, California Davis - Institute of Governmental Affairs. - Magill, M. & Quinzii, M., 1993.
"
**Infinite Horizon Incomplete Markets**," Papers 9320, Southern California - Department of Economics.

- Magill, M. & Quinzii, M., 1992.
"
- Magill, M. & Quinzii, M., 1992.
"
**Real effects of money in general equilibrium**," Journal of Mathematical Economics, Elsevier, vol. 21(4), pages 301-342.- Magill, M. & Quinzii, M., 1988.
"
**Real Effects Of Money In General Equilibrium**," Papers 8826, Southern California - Department of Economics.

- Magill, M. & Quinzii, M., 1988.
"
- Geanakoplos, J. & Magill, M. & Quinzii, M. & Dreze, J., 1990.
"
**Generic inefficiency of stock market equilibrium when markets are incomplete**," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 113-151.- Geanakoplos,Â J. & Magill, M. & Quinzii,Â M. & Dreze,Â J., 1990.
"
**Generic inefficiency of stock market equilibrium when markets are incomplete**," CORE Discussion Papers RP 916, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). - John Geanakoplos & Michael Magill & Martine Quinzii & J. Dreze, 1988.
"
**Generic Inefficiency of Stock Market Equilibrium When Markets Are Incomplete**," Cowles Foundation Discussion Papers 863, Cowles Foundation for Research in Economics, Yale University.

- Geanakoplos,Â J. & Magill, M. & Quinzii,Â M. & Dreze,Â J., 1990.
"
- Hirsch, M. D. & Magill, M. & Mas-Colell, A., 1990.
"
**A geometric approach to a class of equilibrium existence theorems**," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 95-106. - Husseini, S. Y. & Lasry, J. -M. & Magill, M. J. P., 1990.
"
**Existence of equilibrium with incomplete markets**," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 39-67. - Magill, Michael J. P. & Shafer, Wayne J., 1990.
"
**Characterisation of generically complete real asset structures**," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 167-194. - Cheng, Hsueh-Cheng & Magill, Michael J P & Shafer, Wayne J, 1987.
"
**Some Results on Comparative Statics under Uncertainty**," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(2), pages 493-507, June. - Danthine, Jean-Pierre & Magill, Michael J. P., 1985.
"
**Investment in information acquisition**," Economics Letters, Elsevier, vol. 19(3), pages 221-225. - Cheng, Hsueh-Cheng & Magill, Michael J. P., 1983.
"
**An asymptotic property of equilibrium on futures markets arising from speculation**," Economics Letters, Elsevier, vol. 11(4), pages 371-375. - Magill, Michael J P, 1981.
"
**Infinite Horizon Programs**," Econometrica, Econometric Society, vol. 49(3), pages 679-711, May. - Magill, Michael J. P., 1980.
"
**An existence criterion for models of resource allocation over an infinite horizon**," Economics Letters, Elsevier, vol. 5(3), pages 209-213. - Magill, Michael J P & Scheinkman, Jose A, 1979.
"
**Stability of Regular Equilibria and the Correspondence Principle for Symmetric Variational Problems**," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(2), pages 297-315, June. - Magill, Michael J P, 1979.
"
**The Stability of Equilibrium**," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(3), pages 577-597, October.- Michael J.P. Magill, 1977.
"
**The Stability of Equilibrium**," Discussion Papers 306, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

- Michael J.P. Magill, 1977.
"
- Brock, William A & Magill, Michael J P, 1979.
"
**Dynamics under Uncertainty**," Econometrica, Econometric Society, vol. 47(4), pages 843-868, July.- William A. Brock & Michael J. P. Magill, 1978.
"
**Dynamics Under Uncertainty**," Discussion Papers 324, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

- William A. Brock & Michael J. P. Magill, 1978.
"
- Magill, Michael J. P., 1977.
"
**Some new results on the local stability of the process of capital accumulation**," Journal of Economic Theory, Elsevier, vol. 15(1), pages 174-210, June. - Magill, Michael J. P., 1977.
"
**A local analysis of N-sector capital accumulation under uncertainty**," Journal of Economic Theory, Elsevier, vol. 15(1), pages 211-219, June. - Magill, Michael J. P. & Constantinides, George M., 1976.
"
**Portfolio selection with transactions costs**," Journal of Economic Theory, Elsevier, vol. 13(2), pages 245-263, October. - Magill, Michael J. P., 1976.
"
**The preferability of investment through a mutual fund**," Journal of Economic Theory, Elsevier, vol. 13(2), pages 264-271, October.

### Chapters

- Michael Magill & Martine Quinzii, 2010.
"
**general equilibrium with incomplete markets**," The New Palgrave Dictionary of Economics, Palgrave Macmillan. - Magill, Michael & Shafer, Wayne, 1991.
"
**Incomplete markets**," Handbook of Mathematical Economics,in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 30, pages 1523-1614 Elsevier.

### Books

- Michael Magill & Martine Quinzii, 2002.
"
**Theory of Incomplete Markets, Volume 1**," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262632543.

## More information

Research fields, statistics, top rankings, if available.### Statistics

#### Access and download statistics for all items

### Rankings

This author is among the top 5% authors according to these criteria:- Number of Distinct Works, Weighted by Simple Impact Factor
- Number of Distinct Works, Weighted by Recursive Impact Factor
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- h-index
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- Number of Journal Pages, Weighted by Number of Authors and Simple Impact Factors
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- Wu-Index

### Co-authorship network on CollEc

### NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 3 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-FMK: Financial Markets (2) 2002-10-18 2004-02-08
- NEP-CFN: Corporate Finance (1) 2005-05-07
- NEP-MIC: Microeconomics (1) 2005-05-07

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