Faculty Profile 2007 - 2008
Current faculty and a representative sample of their publications
A-B | C-D | E-F | G-H | I-J | K-L | M-N | O-P-Q | R-S | T-U | V-W | X-Y-Z
William A. Brock
Vilas Research Professor, Department of Economics
Joined the faculty in 1977.
Ph.D., University of California-Berkeley, 1969.
Field: Microeconomic Theory
"Valuing Biodiversity from an Economic Perspective: A Unified Economic, Ecological, and Genetic Approach," (with A. Xepapadeas), American Economic Review, December, 2003.
"Discrete Choice with Social Interactions," (with S. Durlauf), Review of Economic Studies, April, 2001.
"A Rational Route to Randomness," (with C. Hommes), Econometrica, 1997.
Research in Progress: dynamic economic theory
Meta Brown
Assistant Professor, Department of Economics
Joined the faculty in 2001.
Ph.D., New York University, 2001.
Fields: Public Economics, Labor Economics
"Informal Care and the Division of End-of-Life Transfers," Journal of Human Resources, forthcoming.
"Investment in Child Quality Over Marital States," (with Chris Flinn), working paper, 2005.
"Tied Transfers," (with Maurizio Mazzocco, John Karl Scholz, and Ananth Seshadri), working paper, 2005.
Research in Progress: parental contributions to college costs, laboratory search behavior
Juan Esteban Carranza
Assistant Professor, Department of Economics
Joined the faculty in 2004.
Ph.D., Yale University, 2004.
Fields: Industrial Organization, Applied Microeconomics"Product Innovation in Durable Goods Markets," manuscript, 2003.
"Durable Goods Demand with Exogenous Innovation," manuscript, 2002.
Research in Progress: quality dynamics in durable goods markets; consumers’ dynamic behavior
Menzie D. Chinn
Professor, LaFollette School of Public Affairs and Department of Economics
Joined the faculty in 2003.
Ph.D., University of California-Berkeley, 1991.
Fields: International Economics, Macroeconomics"The Determinants of the Global Digital Divide: A Cross-Country Analysis of Computer and Internet Penetration,"(with Robert Fairlie), Oxford Economic Papers, 59, January 2007, 16-44.
"What Matters for Financial Development? Capital Controls, Institutions and Interactions," (with Hiro Ito), Journal of Development Economics, 61(1), October 2006, 163-192.
"A Decomposition of Global Linkages in Financial Markets over Time," (with Kristin Forbes), Review of Economics and Statistics, 86(3), August 2004, 705-722.
Research in Progress: determinants of current account imbalances, the empirical modeling of trade flows, and the economic integration of the Chinese economy.
Jane Cooley
Assistant Professor, Department of Economics
Joined the faculty in 2006.
Ph.D., Duke University, 2006.
Field: Public Economics and Economics of Education
"Desegregation and the Achievement Gap: Do Diverse Peers Help?" working paper, October 2006.
"The Economic Returns to an MBA," (with Peter Arcidiacono and Andrew Hussey) working paper, December 2006.
Research in Progress: Peer Effects, Optimal Classroom Groupings, Equity and Efficiency in Achievement Production.
Raymond J. Deneckere
Professor, Department of Economics
Joined the faculty in 1993.
Ph.D., University of Wisconsin-Madison, 1983.
Fields: Microeconomic Theory, Industrial Organization
"Capacity Precommitment as a Barrier to Entry : A Bertrand-Edgeworth Approach" (with B. Allen, T. Faith, and D. Kovenock), Economic Theory, Vol. 15, No. 3, 2000, pp. 501-530.
"Demand Uncertainty and Price Maintenance: Markdowns as Destructive Competition," (with H. Marvel and J. Peck), American Economic Review, Vol. 87, No. 4, September 1997, pp. 619-641.
"Damaged Goods," (with P. McAfee), Journal of Economics and Management Science, Vol. 5, No. 2, Summer 1996, pp. 149-174.
Research in Progress: bargaining theory, mechanism design, the dynamics of group reputation, auditing and mandatory rotation, durable goods markets, strategic entry deterrence
Lukasz Drozd
Assistant Professor, Department of Economics
Joined the faculty in 2007.
Ph.D., University of Minnesota, 2007.
Fields: International, Macroeconomics, Monetary Economics
"Understanding International Prices: Customers as Capital," (with Jaromir B. Nosal), working paper
"Accounting for Real Exchange Rate Changes," working paper
"Long-Run Price Elasticity of Trade and the Trade-Comovement Puzzle," (with Jaromir B. Nosal), working paper
"The Rise of Personal Bankruptcy Rate: Should We Worry?" (with Jaromir B. Nosal), working paper
Research in Progress: welfare implications of personal bankruptcy protection, quantitative theory of real exchange rate fluctuations
Steven N. Durlauf
Kenneth J. Arrow Professor and DACC Director, Department of Economics
Joined the faculty in 1993.
Ph.D., Yale University, 1986.
Fields: Macroeconomics and Monetary Economics, Econometrics
"Neighborhood Effects," Handbook of Regional and Urban Economics, forthcoming.
"Policy Evaluation in Uncertain Economic Environments," with W. Brock and K. West, Brookings Papers on Economic Activity, 2003.
"On the Empirics of Social Capital," Economic Journal 2002.
Research in Progress: social interactions, income inequality, economic growth, applications of decision theory to econometrics
Charles Engel
Professor, Department of Economics and School of Business
Joined the faculty in 2000.
Ph.D., University of California-Berkeley, 1983.
Fields: International Economics, Macroeconomics"Exchange Rates and Fundamentals," (with Kenneth D. West), Journal of Political Economy, June 2005.
"Endogenous Exchange Rate Pass-Through when Nominal Prices are Set in Advance," (with Michael B. Devereux and Peter E. Stoorgard), Journal of International Economics, July 2004.
"Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility," (with Michael B. Devereux) Review of Economic Studies, October 2003.Research in Progress: local-currency pricing and exchange-rate pass-through; empirical exchange rate models
Amit Gandhi
Assistant Professor, Department of Economics
Joined the faculty in 2007.
Ph.D., University of Chicago, 2007.
Fields: Industrial Organization, Applied Econometrics, Microeconomic Theory
"Rational Expectations at the Racetrack: Estimating Risk Preferences Using Prediction Markets,"
"Non-parametric Identification of Discrete Choice and Selection Models," (with Jeremy Fox)
"Estimating Production Functions Without Intermediate Inputs or Investment," (with with Salvador Navarro and David Rivers)
Bruce E. Hansen
Professor, Department of Economics
Joined the faculty in 1998.
Ph.D., Yale University, 1989.
Field: Econometrics
"Least Squares Model Averaging," Econometrica, 2007.
"Interval Forecasts and Parameter Uncertainty," Journal of Econometrics, 2006.
"Sample Splitting and Threshold Estimation," Econometrica, 2000.
Research in Progress: model averaging, forecast models, threshold models, bootstrap methods
Johanna Hertel
Assistant Professor, Department of Economics
Joined the faculty in 2005.
Ph.D., Princeton University, 2005.
Fields: Game Theory, Decision Theory"Efficient Risk Sharing with Unobservable Income and Enforcement Constraints"
"Optimism and Payoff Perturbations in the Finitely Repeated Prisoners' Dilemma"
Jean Francois (J-F) Houde
Assistant Professor, Department of Economics
Joined the faculty in 2006.
Ph.D., Queen's University of Kingston, Ontario, 2006.
Field: Industrial Organization, Applied Econometrics, Labor Economics
"Spatial Differentiation in Retail Markets for Gasoline," working paper, 25 January, 2006.
"Entry and Exit in a Price Regulated Industry: Gasoline Retailing in Quebec," working paper, 10 November, 2005
Research in Progress: spatial differentiation and organization of retail networks
John Kennan
Professor, Department of Economics
Joined the faculty in 1992.
Ph.D., Northwestern University, 1973.
Fields: Labor Economics, Applied Microeconomics
"Output and Price Level Effects of Monetary Uncertainty in a Matching Model," (with Brett Katzman and Neil Wallace), Journal of Economic Theory, February, 2003.
"Repeated Bargaining with Persistent Private Information," Review of Economic Studies, October, 2001.
"Bargaining with Private Information," (with Robert Wilson), Journal of Economic Literature, March, 1993.
Research in Progress: bargaining, migration, monetary exchange with private information
Rasmus Lentz
Assistant Professor, Department of Economics
Joined the faculty in 2005.
Ph.D., Northwestern University, 2002.
Fields: Labor Economics, Macroeconomics, Microeconomics
"Productivity Growth and Worker Reallocation," joint with Dale T. Mortensen, International Economics Review, August 2005, vol. 46(3), pp. 731-51.
"Job Search and Savings: Wealth Effects and Duration Dependence," joint with Torben Tranaes, January 2002, Forthcoming in Journal of Labor Economics.
"On the Job Search and the Wage Distribution," joint with B.J. Christensen, Dale T. Mortensen, George R. Neumann, and Exel Werwatz, Journal of Labor Economics. January 2005, vol. 23(1), pp. 31-58..
"Population Aging, Public Expenditure, and the Sustainability of the Fiscal Policy," joint with Henrick Jacobsen Kleven and S.E.H. Jensen, Ekonomisk Debatt, 1995(1).
Research in Progress: labor productivity growth and worker reallocation
Rodolfo Manuelli
Professor, Department of Economics
Joined the faculty in 1993.
Ph.D., University of Minnesota, 1986.
Fields: Macroeconomics and Monetary Economics, Microeconomic Theory
"Fluctuations in Convex Models of Endogenous Growth I: Growth Effects," (with Larry Jones, Henry Siu, and Ennio Stacchetti), Review of Economic Dynamics, 2005.
"Fluctuations in Convex Models of Endogenous Growth II: Business Cycle Properties," (with Larry Jones and Henry Siu), Review of Economic Dynamics, 2006.
Sources of Growth in Latin America: What is Missing?, (editor with J. Blyde and E. Fernandez Arias)m IBD, 2006.
Research in Progress: public policy, human capital and growth
James Montgomery
Professor, Department of Economics and Department of Sociology
Joined the faculty in 2000.
Ph.D., Massachusetts Institute of Technology, 1989.
Fields: Mathematical Sociology, Sociological Theory, Economic Sociology"A Formalization and Test of the Religious Economies Model, " American Sociological Review, forthcoming (October 2003).
"The Self as a Fuzzy Set of Roles, Role Theory as a Fuzzy System," Sociological Methodology, 30 (2000): 261-314.
"Toward A Role-Theoretic Conception of Embeddedness," American Journal of Sociology, 104, July 1998."Job Search and Network Composition: Implications of the Strength-of-Weak-Ties Hypothesis," American Sociological Review, 57, October 1992.
"Social Networks and Labor-Market Outcomes: Toward an Economic Analysis," American Economic Review, 81, December 1991.
Research in Progress: formalization of role theory using non-monotonic logic
Salvador Navarro
Assistant Professor, Department of Economics
Joined the faculty in 2005.
Ph.D., University of Chicago, 2005.
Fields: Applied Econometrics, Labor Economics
"Dynamic Discrete Choice and Dynamic Treatment Effects," (with James Heckman), The Journal of Econometrics, forthcoming.
"Separating Uncertainty From Heterogeneity in Life Cycle Earnings," (with Flavio Cunha and James Heckman), Oxford Economic Papers, 57, 2005: 191-261.
"Using Matching, Instrumental Variables, and Control Functions to Estimate Economic Choice Models," (with James Heckman), The Review of Economics and Statistics, 86 (1), 2004: 30-57.
Research in Progress: estimation and identification of information sets of agents, estimation of option values of schooling, identification of dynamic models
Jack Porter
Associate Professor, Department of Economics
Joined the faculty in 2004.
Ph.D., Massachusetts Institute of Technology, 1996.
Field: Econometrics
"Estimation in the Regression Discontinuity Model," manuscript, 2003.
"Asymptotic Efficiency in Parametric Structural Models with Parameter Dependent Support," (with K. Hirano), Econometrica, September, 2003, 71(5): 1307-1338.
"How Dangerous Are Drinking Drivers?" (with Steven Levitt), Journal of Political Economy, December, 2001, 109(6): 1198-1237.
Research in Progress: auction estimation, matching estimation, treatment rules, bootstrap for weak instruments
Marzena Rostek
Assistant Professor, Department of Economics
Joined the faculty in 2006.
Ph.D., Yale University, 2006.
Field: Decision Theory, Game Theory, Asset Pricing
"The Time Structure of Market Impact in Financial Markets," (with M. Weretka) manuscript 2006.
"Liquidity Concerns in Thin Financial Markets," (with M. Weretka) manuscript 2007.
"Quantile Maximization in Decision Theory," manuscript 2006.
Research in progress: Noncompetitive asset pricing, Robust decision making
Daniel Quint
Assistant Professor, Department of Economics
Joined the faculty in 2007.
Ph.D., Stanford University, 2007.
Fields: Microeconomic Theory
"Multilateral Bargining with Concession Costs," (with Guillermo Caruana and Liran Einav), Journal of Economic Theory, 132:1 (2007)
"Efficient Entry," (with Liran Einav), Economics Letters 88:2 (2005)
"Economics of Patent Pools When Some (But Not All) Patents are Essenial," working paper (2007)
"Common Value Auctions with Two Bidders: When to Brag About What You Know," working paper (2007)
Research in Progress: auction theory, imperfect competition, innovation
Larry Samuelson
Antoine Augustin Cournot Professor, Department of Economics
Joined the faculty in 1990.
Ph.D., University of Illinois, 1978.
Field: Microeconomic Theory
"Sunk Investments Lead to Unpredictable Prices," (with George Mailath and Andrew Postlewaite), American Economic Review, forthcoming.
"Who Wants a Good Reputation?," (with George Mailath), Review of Economic Studies 68 (2001), 415-442.
"Optimization Incentives and Coordination Failure in Laboratory Stag Hunt Games," (with Ray Battalio and John Van Huyck), Econometrica 69 (2001), 749-764.
"Evolutionary Drift and Equilibrium Selection," (with Ken Binmore), Review of Economic Studies 66, (1999), 363-394.
Research in Progress: bounded rationality in games, evolutionary games, repeated games, resource allocation mechanisms
William H. Sandholm
Professor, Department of Economics
Joined the faculty in 1998.
Ph.D., Northwestern University, 1998.
Fields: Game Theory, Microeconomic Theory
"Negative Externalities and Evolutionary Implementation," Review of Economic Studies 72 (2005), 885-915.
"On the Global Convergence of Stochastic Fictitious Play," (with Josef Hofbauer), Econometrica 70 (2002), 2265-2294.
"Potential Games with Continuous Player Sets," Journal of Economic Theory 97 (2001), 81-108.
Research in Progress: evolution and learning in games
John Karl Scholz
Professor, Department of Economics
Joined the faculty in 1988.
Ph.D., Stanford University, 1988.
Field: Public Economics
"Are Americans Saving 'Optimally' for Retirement?" (with Ananth Seshadi and Surachai Khitatrakun), Journal of Political Economics, 114(4), August 2006, 607-643.
"Do Estate and Gift Taxes Affect the Timing of Private Transfers?" (with B. Douglas Bernheim and Robert Lemke), Journal of Public Economics, 88(12), December 2004, 2617-2634.
"Personal Bankruptcy and Credit Supply and Demand," (with Reint Gropp and Michelle White), Quarterly Journal of Economics, February 1997, 217-251.
"IRAs and Household Saving," with William G. Gale, American Economic Review, December 1994, 1233-1260.
Research in Progress: tax policy and the working poor, design and effectiveness of public policies to promote household saving, credit markets
Ricardo Serrano-Padial
Assistant Professor, Department of Economics
Joined the faculty in 2007.
Ph.D., University of California - San Diego, 2007.
Fields: Microeconomic Theory, Behavioral Economics
"Information Aggregation in Common Value Asset Markets and the Efficient Markets Hypothesis," manuscript, 2007
"On the Possibility of Trade with Pure Common Values Under Risk Neutrality," manuscript, 2007
Research in Progress: prediction markets, information aggregation mechanisms, bidding behavior in auctions
Ananth Seshadri
Associate Professor, Department of Economics
Joined the faculty in 2000.
Ph.D., University of Rochester, 2000.
Fields: Macroeconomics, Public Finance"Engines of Liberation," (joint with Jeremy Greenwood and Mehmet Yorukoglu), Review of Economic Studies, forthcoming.
"Frictionless Technology Diffusion: The Case of Tractors," (joint with Rodolfo Manuelli), 2004.
"Are Americans Saving ‘Optimally’ for Retirement?," (joint with John Karl Scholzi and Surachai Khitatrakun), working paper, January, 2004.
Research in Progress: household revolution, demographic transition
Yongseok Shin
Assistant Professor, Department of Economics
Joined the faculty in 2004.
Ph.D., Stanford University, 2004.
Fields: Macroeconomics, Time-series Econometrics
"Optimal Fiscal Policy with Incomplete Markets," manuscript, 2004.
"Optimal Maturity Structure of Government Debt," manuscript, 2003.
"Is Transparency Good for You?," IMF Working Paper, 2003.
Research in Progress: optimal fiscal policy, quantitative methods for dynamic macro models
Christopher Taber
Professor and Richard A. Meese Chair in Applied Econometrics, Department of Economics
Joined the faculty in 2007.
Ph.D., University of Chicago, 1995.
Field: Labor Economics, Applied Econometrics, Public Economics
"Explaining Rising Wage Inequality: Explorations with a Dynamic General Equilibrium Model of Labor Earnings with Heterogeneous Agents," (with James Heckman and Lance Lochner), Review of Economic Studies, January 1998.
"Borrowing Constraints and the Returns of Schooling," (with S. Cameron), Journal of Political Economy, Vol 112, February 2004.
"Selection on Observed and Unobserved Variables: Assessing the Effectiveness of Catholic Schools," (with Joseph Altonji and Todd Elder), Journal of Political Economy, February 2005.
Research in Progress: sources of earnings inequality, dynamic models of labor force participation, program evaluation
James R. Walker
Professor, Department of Economics
Joined the faculty in 1987.
Ph.D., University of Chicago, 1986.
Fields: Labor Economics, Econometrics
"The Use of Predictive Tests in Multistate Duration Models," Canadian Journal of Economics, April 1996, 541-547.
"Parental Benefits, Employment & Fertility Dynamics," in Research in Population Economics, edited by T. P. Schultz, JAI Press, 1996.
"The Effect of Public Policies on Recent Fertility Rates in Sweden," Journal of Population Economics, 8 (1995): 223-252.
Research in Progress: analysis of the effects of social programs in Sweden on female life cycle behavior, determinants of the supply of child care services in the U.S., internal migration in the U.S.
Geoffrey Wallace
Assistant Professor, Department of Economics and LaFollette School of Public Affairs
Joined the faculty in 2000.
Ph.D., Northwestern University, 2000.
Fields: Labor Economics, Economics of Marriage and the Family, Public Economics"An Evaluation of Several Explanations for the Decline in Female Marriage Rates," unpublished manuscript, 2000.
"What Goes Up Must Come Down: Explaining Recent Changes in Public Assistance Caseloads," in Economic Conditions and Welfare Reform, S. Danziger (editor) Kalamazoo, MI: W.E. Upjohn Institute for Employment Research (with R. M. Blank), 1999.
"Searching for a Way of Welfare: A Structural Competing Risk Model of AFDC Durations," unpublished manuscript, 1999.
Research in Progress: the effectiveness of welfare reform, changes in marriage and family structure
Kenneth D. West
Ragnar Frisch Professor and Department Chair, Department of Economics
Joined the faculty in 1988.
Ph.D., MIT, 1983.
Fields: Macroeconomics and Monetary Economics, Econometrics
"Exchange Rates and Fundamentals," (with Charles Engel), Journal of Political Economy, 2005.
"Asymptotic Inference About Predictive Ability," Econometrica, 1996.
"The Sources of Fluctuations in Aggregate Inventories and GNP," Quarterly Journal of Economics, 1990.
"Dividend Innovations and Stock Price Volatility," Econometrica, 1988.
Research in Progress: empirical macroeconomics, time series econometrics
Barbara Wolfe
Professor, LaFollette School of Public Affairs, Department of Economics, and Department of Population Health Sciences
Joined the faculty in 1977.
Ph.D., University of Pennsylvania, 1973.
Fields: Health Economics, Public Economics
"The Devil May be in the Details: How the Characteristics of SCHIP Programs Affect Take-Up," (with Scott Scrivner) Journal of Policy Analysis and Management, 2005. 24(3); 499-522.
"The Role of Expectations in Adolescent Schooling Choices: Do Youths Rspond to Economic Incentives?," (with Kathryn Wilson and Robert Haveman) Economic Inquiry, 2005. Vol. 43, 3; 467-492
"Incentives and Challenges of TANF Design: A Case Study," Journal of Policy Analysis and Management. 21:4, 577-586. Fall 2002.
"The Role of Economic Incentives in Teenage Nonmarital Childbearing Choices," (with K. Wilson and R. Haveman) Journal of Public Economics, 81, 473-511. 2001.
Research in Progress: Inequality in health and access to health care; evaluation of welfare reform: how are leavers faring? An evaluation of the work and health care coverage effects of Badgercare. The adequacy of savings at retirement and ten years later.
Emeritus Faculty
Ralph L. Andreano
Robert Baldwin
Glen G. Cain
Kang Chao
Robert L. Clodius
Martin H. David
Edgar L. Feige
Arthur S. Goldberger
W. Lee Hansen
Robert H. Haveman
Donald D. Hester
David B. Johnson
Theodore Morgan
Willard F. Mueller
Donald Nichols
Robert W. Ozanne
James L. Stern
H. Edwin Young
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Last updated: April 14, 2008