Professor of Economics
Department of Economics, Harvard University
Other affiliations:
Chief Economist, Microsoft Corporation
Consulting Researcher, Microsoft Research New England (2008-)
Research Associate, NBER
Disclaimer: Material on this website represents my own views and research and not those of any Corporation or institution, including Harvard University, Microsoft Corporation, NBER, or the National Science Foundation.
Professional Advice (Prospective Graduate Students, Negotiating Faculty Job Offers, an article for High-School Students)
My Students: Placement and Links to Their Homepages
This document summarizes my research and has links to the papers below.
My papers are organized by topic to make them easier to find. There is some duplication/cross-listing. For a chronological list of my articles look at my cv. Topics:
1. Dynamic and Repeated Games and Mechanisms
2. Auctions (Theory, Empirical, and Econometrics)
3. Econometric Theory (Identification and Estimation Approaches)
6. Empirical Industrial Organization and Econometrics of IO
1. Dynamic and Repeated Games and Mechanisms
| Paper Title | Coauthors | Citation | Last Revised |
| Coming soon... "Dynamic Auctions with Persistent Private Information" | Kyle Bagwell | Working Paper | In progress |
| Coming soon... "The Dynamics of Open Source Software" | Glenn Ellison | Working Paper | January, 2006 (preliminary) |
| Coming soon... "A Theory of Community Formation and Social Hierarchy" | Saumitra Jha | Working Paper | November, 2006. |
| "Designing Efficient Mechanisms for Dynamic Bilateral Trading Games" | Ilya Segal | American Economic Review Papers and Proceedings, May, 2007. | January, 2007. |
| "An Efficient Dynamic Mechanism" | Ilya Segal | Working Paper | February, 2007. This is a major revision over the last version. |
| "Collusion with Persistent Cost Shocks" | Kyle Bagwell | Econometrica, Vol. 76, No. 3 (May, 2008), 493–540. | July, 2006! |
| "Efficiency in Repeated Trade with Hidden Valuations" | David Miller | Theoretical Economics, Volume 2, Number 3 (September 2007), 299–354. | June, 2006 |
| "The Optimal Degree of Monetary Policy Discretion" | Andrew Atkeson, Patrick Kehoe | Econometrica 73 (5), September, 2005, 1431-1476. | |
| "Collusion and Price Rigidity." | Kyle Bagwell, Chris Sanchirico | Review of Economic Studies 71 (2), April 2004. | 1998 version: MIT Working Paper 98-23 |
| "Optimal Collusion with Private Information." | Kyle Bagwell | RAND Journal of Economics September 2001, 32 (3): 428-465. | MIT Working Paper 99-12. |
| " Investment and Market Dominance." | Armin Schmutzler | RAND Journal of Economics 32 (1), Spring 2001: 1-26. | |
| "Mentoring and Diversity" | Chris Avery and Peter Zemsky | American Economic Review 90 (4) September 2000: 765-786. | October1998 version (includes labor market model). |
2.
Auctions (Theory,
Empirical, and Econometrics)
| Paper Title | Coauthors | Working Paper Number | Last Revised |
| "Skewed Bidding in Pay Per Action Auctions for Online Advertising" | Nikhil Agarwal, David Yang | To appear, American Economic Review Papers and Proceedings, May 2009. | |
| "Position Auctions with Consumer Search" | Glenn Ellison | Working Paper | September 2007 |
| Coming soon... "Dynamic Auctions with Persistent Private Information" | Kyle Bagwell | Working Paper | In progress |
| Coming soon... "Set-Asides and Subsidies in Auctions" | Jonathan Levin | Working Paper | In progress |
| "Empirical Models of Auctions" | Phil Haile | Invited lecture prepared for the Ninth World Congress of the Econometric Society, London | March, 2006 |
| "Collusion with Persistent Cost Shocks" | Kyle Bagwell | Econometrica, Vol. 76, No. 3 (May, 2008), 493–540. | July, 2006! |
| "Collusion with Persistent Cost Shocks" | Kyle Bagwell | Working Paper | July, 2004 |
| "Comparing Open and Sealed Bid Auctions: Theory and Evidence from Timber Auctions" | Jonathan Levin | Working Paper | September, 2004 |
| "Nonparametric Approaches to Auctions" | Philip Haile | Handbook of Econometrics, Volume 6, Forthcoming. | |
| "Collusion and Price Rigidity." | Kyle Bagwell, Chris Sanchirico | Review of Economic Studies 71 (2), April 2004. | 1998 version: MIT Working Paper 98-23 |
| "Identification in Standard Auction Models" (Sept. 2001 version) | Philip Haile | Econometrica, 70 (6), November 2002, pp. 2107-2140. | August, 2000. |
| "Single Crossing Properties and the Existence of Pure Strategy Equlibria in Games of Incomplete Information." | Econometrica 69 (4) July 2001: 861-890. | The July 1997 version has numerical analysis of asymmetric auctions. July 1997 Paper: scpgii.ps . July 1987 Appendix: scpgiiap.ps. | |
| Optimal Collusion with Private Information. | Kyle Bagwell | RAND Journal of Economics September 2001, 32 (3): 428-465. | MIT Working Paper 99-12. |
| Information andCompetition in U.S. Forest Service Timber Auctions." | Jonathan Levin | Journal of Political Economy, 109 (2), April 2001. |
3.
Econometric Theory (Identification and Estimation Approaches)
| Paper Title | Coauthors | Citation | Last Revised |
| "Discrete Choice Models with Multiple Unobserved Choice Characteristics" | Guido Imbens | International Economic Review 2007, Volume 48 (4), 1159-1192 . | April, 2007 |
| "Empirical Models of Auctions" | Phil Haile | Invited lecture prepared for the Ninth World Congress of the Econometric Society, London | September, 2005 |
| "An Empirical Framework for Testing Theories About Complementarity in Organizational Design " | Scott Stern | NBER Working Paper 6600 | February, 1998 |
| "Nonparametric Approaches to Auctions" | Philip Haile | Handbook of Econometrics, Volume 6, Forthcoming. | 2005 |
| "Identification and Inference
in Nonlinear Difference-in-Differences Models" Matlab Programs and Documentation for Applying CIC Model and generating tables (check with authors for potential updates and for Stata implementation) |
Guido Imbens | Econometrica, 74 (2), March 2006, pp. 431-497. | Slides for UCL seminar: "Distributions of Treatment Effects in Experimental Settings: Applications of Nonlinear Difference-in-Difference Models" |
| "Identification in Standard Auction Models" (Sept. 2001 version) | Philip Haile | Econometrica, 70 (6), November 2002, pp. 2107-2140. | August, 2000. |
| Paper Title | Coauthors | Citation | Last Revised |
| "Monotone Comparative Statics Under Uncertainty." | Quarterly Journal of Economics, CXVII (1), February 2002, 187-223. | 1998 Working Paper Version, MIT Working Paper 96-22, with additional results. | |
| "Single Crossing Properties and the Existence of Pure Strategy Equlibria in Games of Incomplete Information." | Econometrica 69 (4) July 2001: 861-890. | The July 1997 version has numerical analysis of asymmetric auctions. July 1997 Paper: scpgii.ps . July 1987 Appendix: scpgiiap.ps. | |
| " Investment and Market Dominance." | Armin Schmutzler | RAND Journal of Economics 32 (1), Spring 2001: 1-26. | |
| Product and Process Flexibility in an Innovative Environment | Armin Schmutzler | RAND Journal of Economics, 26 (4) Winter1995: 557-574. | |
| "The Value of Information in Monotone Decision Problems" | Jonathan Levin | MIT Working Paper 98-24 | December, 2001 |
| "Investment and Information Value for a Risk-Averse Firm." | MIT Working Paper 00-30 | November, 2000 | |
| "Characterizing Properties of Stochastic Objective Functions." | MIT Working Paper 96-1R | October, 2000 | |
| "Robust Comparative Statics"
Teaching notes for a graduate micro class integrated with some producer theory Note: this draft may have typos and is generally not polished. I have posted it in response to requests, but please use at your own risk. |
Paul Milgrom, John Roberts | 1998 |
| Paper Title | Coauthors | Citation | Last Revised |
| "What Does Performance in Graduate School Predict? Graduate Economics Education and Student Outcomes" | Larry Katz, Alan Krueger, James Poterba, and Steve Levitt | American Economic Review Papers and Proceedings, May 2007, Forthcoming. | January, 2007. |
| Coming soon... "The Dynamics of Open Source Software" | Glenn Ellison | Working Paper | January, 2006 (preliminary) |
| Coming soon... "A Theory of Community Formation and Social Hierarchy" | Saumitra Jha | Working Paper | In progress |
| "The Impact of Information Technology on Emergency Health Care Outcomes" | Scott Stern | RAND Journal of Economics, 33 (3), Autumn 2002, pp. 399-432. | |
| "Organizational Design: Decision Rights and Incentive Contracts." | John Roberts | American Economic Review Papers and Proceedings, May 2001. | |
| "Mentoring and Diversity" | Chris Avery and Peter Zemsky | American Economic Review 90 (4) September 2000: 765-786. | October1998 version (includes labor market model). |
| "Information Technology and Training in Emergency Call Centers." | Scott Stern | Proceedings of the Fifty-First Annual Meetings (New York, Jan 3-5, 1999). Madison, WI: Industrial Relations Research Association, pp. 53-60. | |
| "An Empirical Framework for Testing Theories About Complementarity in Organizational Design " | Scott Stern | NBER Working Paper 6600 | February, 1998 |
| Product and Process Flexibility in an Innovative Environment | Armin Schmutzler | RAND Journal of Economics, 26 (4) Winter1995: 557-574. |
6.
Empirical Industrial Organization and Econometrics of IO
| Paper Title | Coauthors | Working Paper Number | Last Revised |
| "Comparing Open and Sealed Bid Auctions: Theory and Evidence from Timber Auctions" | Jonathan Levin | Working Paper | September, 2004 |
| Coming soon... "Set-Asides and Subsidies in Auctions" | Jonathan Levin | Working Paper | In progress |
| "Nonparametric Approaches to Auctions" | Philip Haile | Handbook of Econometrics, Volume 6, Forthcoming. | 2005 |
| "Discrete Choice Models with Multiple Unobserved Choice Characteristics" | Guido Imbens | International Economic Review 2007, Volume 48 (4), 1159-1192 . | April, 2007 |
| "Empirical Models of Auctions" | Phil Haile | Invited lecture prepared for the Ninth World Congress of the Econometric Society, London | September, 2005 |
| "The Impact of Information Technology on Emergency Health Care Outcomes" | Scott Stern | RAND Journal of Economics, 33 (3), Autumn 2002, pp. 399-432. | |
| "An Empirical Framework for Testing Theories About Complementarity in Organizational Design " | Scott Stern | NBER Working Paper 6600 | February, 1998 |
| "Identification in Standard Auction Models" (Sept. 2001 version) | Philip Haile | Econometrica, 70 (6), November 2002, pp. 2107-2140. | August, 2000. |
| Information andCompetition and U.S. Forest Service Timber Auctions." | Jonathan Levin | Journal of Political Economy, 109 (2), April 2001. | |
| "Information Technology and Training in Emergency Call Centers." | Scott Stern | Proceedings of the Fifty-First Annual Meetings (New York, Jan 3-5, 1999). Madison, WI: Industrial Relations Research Association, pp. 53-60. |
I am grateful to the National Science Foundation, SBR-9631760, SES-9983820, and SES-0351500 for supporting much of the research listed above. Any opinions, findings and conclusions or recomendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the National Science Foundation (NSF), MIT, Stanford, or the National Bureau of Economic Research.
Economics 2056b, Market Design (Graduate Elective). Studies topics in market design, focusing on auctions, auction-based marketplaces and platform markets. Covers methods and results from theory, empirical work, econometrics and experiments, highlighting practical issues in real-world design.
Economics 980m, Market Design. Here is the syllabus with links to the reading list and project ideas.
Economics 2061, Dynamic Games and Contracts. Here is the syllabus and the reading list.
Economics 157 (Stanford), Imperfect Competition
Economics 257 (Stanford), The Economics of Industry, Regulation, and Firm Organizations I (with Liran Einav)
Economics
257 (Stanford), The Economics of Industry, Regulation, and Firm
Organizations I (with Pat Bajari)
MIT 14.121 Microeconomic Theory I
(graduate) (
14.121 Web Page)
MIT 14.129 Contract Theory (graduate) ( 14.129 Web
Page)
MIT 14.03 Intermediate Applied Microeconomics (undergraduate) ( 14.03 Web
Page)
Professional Advice (Prospective Graduate Students, Negotiating Senior Faculty Job Offers)
Advice for Applying to Economics Grad Schools
Negotiating Senior Job Offers (see p. 10 of the newsletter)
An article I wrote for Imagine, a magazine aimed at gifted high school students, entitled: "Economics:Applying Math to Real-World Problems."
