Journal Publications

"Learning and Model Validation" (with Kenneth Kasa), Review of Economic Studies, 82, 2015, 45-82

"An Escape Time Interpretation of Robust Control" (with Kenneth Kasa), Journal of Economic Dynamics and Control, 42, 2014, 1-12

"Learning and Model Validation: An Example" (with Kenneth Kasa) in Macroeconomics at the Service of Public Policy, edited by Thomas J. Sargent and Jouko Vilmunen, Oxford University Press, 2013

"A Dynamic Foundation of the Rawlsian Maxmin Criterion" (with Akihiko Matsui) Dynamic Games and Applications, 2012, 2(1), 51-70

"Efficiency and Marginal Cost Pricing in Dynamic Competitive Markets with Friction" (with Sean P. Meyn) Theoretical Economics, 2010, 215-239

"Model Validation Dynamics and Endogenous Currency Crises" (with Ken Kasa), Macroeconomic Dynamics, 2008, March, 12(2) 1-28

"Self-Confirming Equilibrium" (with Thomas Sargent) in New Palgrave, edited by Steve Durlauf, 2007

"Market Power and Network Constraint in a Deregulated Electricity Market" Energy Journal, Vol. 28, 2007, No. 2, 1-34

"Learning Aspiration in Repeated Games" (with Akihiko Matsui), Journal of Economic Theory, 124(2), 2006, 171-201

"Escapist Policy Rules,"
with James Bullard.
Journal of Economic Dynamics and Control, 29(11), pp. 1841-65, November 2005.

"Time Consistency in the Alternating Move Policy Game" (with Akihiko Matsui), Japanese Economic Review, 56(3), 2005, 273-294

"Game Theory" (in Korean) with Gyu-Ho Wang, Pakyoung-Sa, 2004

"Competitive Equilibrium in a Radial Network" Rand Journal of Economics, Vol. 34, 3, Autumn 2003, 438-460

"The Dynamics of the Ancillary Service Prices in Power Distribution Systems" (with Sean P. Meyn) Proceedings of the 42nd IEEE Conference on Decision and Control, December, 2003, 9-12

"The Role of Power Market for the Reform of Korean Electricity Industry" (in Korean) with Sunn-Bong Cho, Korea Economic Research Institute, 2002

"Auctions and coalitions: Joint Bidding by Budget Constrained Bidders" (with Kevin Jewell and Rajiv Vohra), Economic Theory, 19, 2002, 435-457

"Escaping Nash Inflation" (with Thomas J. Sargent and Noah Williams), Review of Economic Studies, 69, 2002, 1-40

"Convergence of Least Square Learning in Discontinuous Self-Referential Stochastic Models" Journal of Economic Theory, 101, 2001: 78-114

"How Complex Are Networks Playing Repeated Games?" (with Hao Li), Economic Theory, 13, 1999: 93-123

"Neural Networks for Encoding and Adapting in Dynamic Economies," (with Thomas Sargent) in Handbook of Computational Economics edited by Hans M. Amman, David A. Kendrick and John Rust, 1997

"Perceptrons Play Repeated Games with Imperfect Monitoring" Games and Economic Behavior, 16, 1996: 22-53

"On Complexity of Repeated Principal Agent Game" Economic Theory, 7, 1996: 1-17

"Perceptrons Play the Repeated Prisoners’ Dilemma" Journal of Economic Theory, 67, 1995: 266-284

"Bounded Rationality, Neural Network and Repeated Games with Discounting" Economic Theory, 4, 1994: 935-957

"Separation or Not: A Critique of ‘Appearance Based’ Selection Criteria" Seoul Journal of Economics, 7, 1994: 249-268

"Stationarity, Rationalizability and Bargaining," Review of Economic Studies, 61, 1994: 357-374

"Strategic Stability in Repeated Signaling Games," International Journal of Game Theory, 22, 1993: 107-121

"Delay and Uncertainty in Bargaining," Review of Economic Studies, 57, 1990: 575-595

"Strategic Stability and Uniqueness in Signaling Games," (with Joel Sobel) Journal of Economic Theory, 50, 1990: 381-413

"Signaling Games and Stable Equilibria," (with David M. Kreps) Quarterly Journal of Economics, 102, 1987: 179-221

"Search Theoretic Foundation of Nash Bargaining Solution" (with Akihiko Matsui), Journal of Economic Theory, 148, 2013, 1659-1688

"A Refinement of Sequential Equilibrium," Econometrica, 55, 1987: 1367-1389

"Reliability by Design in Distributed Power Tranmission Networks" (with Mike Chen and Sean P. Meyn) Automatica, Vol 42, 2006, 1267-1281

"Induction and the Ramsey Policy" (with Akihiko Matsui) Journal of Economics and Dynamic Control, 19, 1995: 1113-1140

"Rationalizability and Monotonicty in a Large First Price Auction" Review of Economic Studies, Vol. 72, 2005, 1031-1055

"Assessing Welfare Impact of Entry into Power Market" (with Hyunsook Kim), Energy Policy, 61, 2013, 1046-1054