ALUMNI WEEKEND 2015 HIGHLIGHTS
JUNE 5 | UNCOMMON CORE - A CONVERSATION WITH NOBELISTS: Lars Peter Hansen, James Heckman and Robert Lucas Share Stories and Insights from Their Careers
JUNE 6 | GENERATION NEXT: Faculty Rising Stars' Perspectives on the Future of the Chicago School of Economics
David Laibson, and John A. List. 2015. American Economic Review, 105(5):385-90.
Myerson, Roger, and Jorgen Weibull. 2015. Econometrica, 83(3):943-76.
Lucas, Robert E. Jr. 2015. American Economic Review, 105(5):85-88.
Philipp Eisenhauer, James J. Heckman, and Edward Vytlacil. 2015. Journal of Political Economy, 123(2):413-43.
Al-Ubaydli, Omar, and John A. List. 2015. American Economic Review, 105(5):462-66.
Bonhomme, Stéphane, and Elena Manresa. 2015. Econometrica, 83(3):1147-84.
Earnings, Disposable Income, and Consumption of Allowed and Rejected Disability Insurance Applicants
Kostøl, Andreas Ravndal, and Magne Mogstad. 2015. American Economic Review, 105(5):137-41.
Environmental Health Risks and Housing Values: Evidence from 1,600 Toxic Plant Openings and Closings
Currie, Janet, Lucas Davis, Michael Greenstone, and Reed Walker. 2015. American Economic Review, 105(2):678-709.
Reny, Philip J. 2015. Econometrica, 83(1):175-92.
Michael Greenstone and Rema Hanna. 2014. American Economic Review, 104(10):3038-72.
Hansen, Lars Peter. 2014. Journal of Political Economy, 122(5):945-87.
Atalay, Enghin, Hortacsu, Ali, and Syverson, Chad. 2014. American Economic Review, 104(4):1120-48.
Alvarez, Fernando and Lippi, Francesco. 2014. Econometrica, 82(1):89–135.
Canay, Ivan A., Santos, Andres, and Shaikh, Azeem M. 2013. Econometrica, 81(6):2535–2559.
Truth-Telling by Third-Party Auditors and the Response of Polluting Firms: Experimental Evidence from India
Michael Greenstone, Esther Duflo, Rohini Pande, and Nicholas Ryan. 2013. Quarterly Journal of Economics, 128(4):1499-1545.
Evidence on the Impact of Sustained Exposure to Air Pollution on Life Expectancy from China’s Huai River Policy
Michael Greenstone, Yuyu Chen, Avraham Ebenstein, and Hongbin Li. 2013. Proceedings of the National Academy of Sciences, 110(32):12936-12941.
Steven D. Levitt, John A. List, and Chad Syverson, 2013. Journal of Political Economy, 121(4):643-81.
Lucas, Robert E. 2013. American Economic Review, 103(3): 43-47.
Posner, Eric, and E. Glen Weyl. 2013. American Economic Review, 103(3): 393-97.
Fryer, Roland G., and Steven D. Levitt. 2013. American Economic Review, 103(2): 981-1005.
DellaVigna, Stefano, John A. List, Ulrike Malmendier, and Gautam Rao. 2013. American Economic Review, 103(3): 586-590.
The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds
Cassola, Nuno, Ali Hortacsu, and Jakub Kastl. 2013. Econometrica, 81(4): 1309-1345.
Weyl, E. Glen and Michal Fabinger. 2013. Journal of Political Economy, 121(3): 528-583.
Weyl, E. Glen and Jean Tirole. 2012. Quarterly Journal of Economics, 127(4): 1971-2003.
Myerson, Roger. 2012. Journal of Political Economy, 120(5): 847-78.
Barlevy, Gadi, and Derek Neal. 2012. American Economic Review, 102(5): 1805-1831.
Hortacsu, Ali and Jakub Kastl. 2012. Econometrica, 80(6): 2511-42.
Alvarez, Fernando, Luigi Guiso, and Francesco Lippi. 2012. American Economic Review, 102(5): 2272-2300.
De Los Santos, Babur, Hortacsu, Ali, and Matthijis R. Wildenbeest. 2012. American Economics Review, 102(6): 2955-80.
DellaVigna, Stefano, John A. List, and Ulrike Malmendier. 2012. The Quarterly Journal of Economics, 127(1): 1-56.
Kitamura, Yuichi, Andres Santos, and Azeem M. Shaikh. 2012. Econometrica, 80(1): 413-23.
Andersen, Steffen, Seda Ertaç, Uri Gneezy, Moshe Hoffman, and John A. List. 2011. American Economic Review, 101(7): 3427–39.
Alvarez, Fernando E., Francesco Lippi, and Luigi Paciello. 2011. The Quarterly Journal of Economics, 126(4): 1909-1960.
Carneiro, Pedro, James J. Heckman, and Edward J. Vytlacil. 2011. American Economic Review, 101(6): 2754–81.
Heckman Receives Madison Medal
Prof. James J. Heckman has been named this year's recipient of the James Madison Medal, Princeton University's highest alumni honor, in recognition of his distinguished scholarship and public service. "[Heckman's] work provides a valuable foundation for policymakers," according to Sanjeev Kulkarni, dean of Princeton's Graduate School; "[his] recent work shows the enormous benefits of investing in early childhood education." Justin Mikolay, president of the Association of Princeton Graduate Alumni, emphasized that Prof. Heckman "has related his specialized knowledge to more and more general problems, and as a result many others are applying his scholarship for the common good." Read full story.
List and Greenstone Elected Econometric Society Fellows
The Econometric Society welcomes Department of Economics faculty Chair Prof. John List and Prof. Michael Greenstone as newly elected Fellows. Society Executive Vice-President Bernard Salanié calls their election a "fitting recognition of [their] highly regarded contributions to Economics." The Econometric Society is an international organization for the advancement of economic theory in its relation to statistics and mathematics.
Moll Wins EIB Young Economist Award
Our congratulations to Benjamin Moll (Econ, PhD'10), this year's recipient of the European Investment Bank's Young Economist Award. Moll, currently Assistant Professor of Economics and International Affairs at Princeton, will present a keynote lecture and receive the prize this November at the EIB Economics of Inequality and Economic Growth Awards Ceremony in Luxembourg.
List Named 2015 Thomson Reuters Nobel "Pick"
We are proud to announce that Department Chair John List has been named a 2015 Thomson Reuters Citation Laureate for his contributions to the field of economics. The international news and information organization grants the honor to highlight the significance of the scholar's work in the scientific community, based upon the number of times fellow researchers have chosen to cite their published papers. Importantly, Citation Laureates are commonly known as Thomson Reuters "Picks" for the Nobel Prize, in recognition of the frequency with which honorees become future Nobel recipients. Read full story.
Greenstone: Cleaner Air Leads to Longer Lives
In a New York Times editorial, Michael Greenstone argues that reductions in smog and air pollution over the past 45 years in the wake of the Clean Air Act have been a primary cause of increased life expectancies in the United States - a 2 year average increase for residents of New York and Chicago, and in the case of one metropolitan area in Ohio/West Virginia, as much as 5 years. Greenstone's research team recently compared pollution and mortality rates between the North and South of China, obtaining US results by applying the formula to E.P.A. airborne particulate matter data from 1970 to 2012. Read full story. View infographic.
Deshpande to Receive APPAM PhD Award
The Economics Department congratulates Manasi Deshpande, who will join our department as an Assistant Professor on July 1, 2016, on being named this year's recipient of the APPAM PhD Dissertation Award, which honors emergent scholars in the field of public policy and management. Dr. Deshpande will receive the award at the Association for Public Policy Analysis and Management (APPAM)’s 2015 Fall Research Conference in Miami, FL. Read full story.
Hortaçsu and Syverson: Warehouse Clubs Outpacing E-Commerce
In a new NBER working paper, Ali Hortaçsu and Chad Syverson find that warehouse clubs experienced a greater growth rate over the past two decades than did online shopping. Using Census Bureau data to compare relative size and growth trajectories in the sector, they found that while e-commerce grew tenfold - from $35 billion in sales in 1992 to $348 billion in 2013 - during that same period, the warehouse club industry grew from $40 billion to $420 billion, an even greater 10.5-fold increase. Read full story.
List Named NPT 'Power & Influence Top 50' Innovator
The Economics Department is proud to announce Chairman Prof. John List has been named one of the NonProfit Times Power & Influence Top 50 Innovators, "exemplify[ing] what happens when people stand firmly for inclusion and equal rights, whether it is in healthcare, public policy, education or opportunity for all," according to NPT Vice President and Editorial Director Paul Clolery.
List was cited for his work as Principal Investigator for the Science of Philanthropy Initiative, which NPT describes as "a donor Manhattan Project...[with] the potential to be some of the sector's most important academic work." This year's honorees were selected from a group of roughly 300 top executives, who "made decisions every day that changed lives for the better." Prof. List will be among those commended in Washington, D.C., in September during the annual NPT Power & Influence Top 50 Gala at The National Press Club.
Nobel Laureates, 'Rising Stars' Highlight Alumni Weekend Events
This year's attendees enjoyed "A Conversation with Nobelists," part of the UnCommon Core series, with Lars Peter Hansen, James Heckman, and Robert E. Lucas, Jr., along with moderator and Department Chair John List, sharing stories from their careers and offering insights into the current science of economics. On Saturday, participants heard perspectives on the future of the Chicago School of Economics from "Generation Next," a panel of faculty "rising stars" featuring Michael Greenstone, Ali Hortaçsu, Magne Mogstad, Azeem Shaikh, and Alessandra Voena.
Mas-Colell to Receive Honorary UChicago Degree
One of the scholars to be honored at the University of Chicago's 523rd Convocation is Andreu Mas-Colell, professor of economics at Universitat Pompeu Fabra, and current Minister of Economy and Knowledge for Catalonia, Spain. Mas-Colell is one of the world's leading economic theorists, known for developing the theory of adaptive learning in games, and for his significant contributions to general equilibrium theory by extending the Arrow-Debreu model to a range of problems in finance, public economics, and industrial organization. He is also the lead author of Microeconomic Theory, one of the field's essential texts. Professor Hugo Sonnenschein, President Emeritus, Honorary Trustee, and the Adam Smith Distinguished Service Professor in Economics, will present the degree to Mas-Colell on June 13. The department will also host an informal presentation with Prof. Mas-Colell, discussing his work with Sergiu Hart (Hebrew University of Jerusalem) on the foundations of game theory and learning on Friday, June 12, from 11-12 in SHFE 112. Read full story.
Economics Department Welcomes New Faculty Members
We are pleased to announce that we have attracted our largest cohort of new Assistant Professors. Ufuk Akcigit (MIT), Manasi Deshpande (MIT), Michael Dinerstein (Stanford), Thibaut Lamadon (UCL), Doron Ravid (Princeton), and Lawrence Schmidt (UCSD) will be joining us as Assistant Professors in the Department of Economics and the College. Read full story.
Reny Elected to American Academy of Arts and Sciences
Professor Philip J. Reny, the William C. Norby Professor in Economics and in the College, is one of this year's newly elected members of the American Academy of Arts and Sciences, one of the nation's most prestigious honorary societies. Among his most important contributions are his results on the existence of Nash equilibrium in discontinuous games and his work on information aggregation in double auctions. Read full story.