Bernard Salanié

Professor of Economics
Columbia University
1022 International Affairs Building
420 W 118th Street
New York, NY 10027

Google Scholar page


Contract theory; insurance economics; labor economics; public economics; theoretical and applied econometrics.


1986-88 : Research Fellow at INSEE's Research Department
1988-90 : short-term forecasting, Forecasting Department of INSEE.
1990-91 : Visiting Scholar, Stanford University.
1991-92 : professor at ENSAE.
1992-94 : Director of Studies at ENSAE.
1994-95 : Director of ENSAE.
1995-97 : Director of LEI (CREST).
1997-2000 : Head of the Macroeconomic Policy Unit, INSEE.
2000-2001 : Visiting professor, University of Chicago.
2001- 2003: Director of CREST.
2003-2005: Research Fellow at LEI (CREST).
Fall 2005: Visiting Professor at Columbia University.
2005-: Professor at Columbia University.
2009-2010: Visiting Professor at the Toulouse School of Economics.


1994-2004: Associate professor at Ecole Polytechnique.

2004-2007: Professor at Ecole Polytechnique.


Associate editor of Annales d'Economie et de Statistique (1989-), of Research in Economics (2000-), of the American Economic Journal: Microeconomics (2007-), and of the Journal of Human Capital (2011-).

Member of the Editorial Board of the Review of Economic Studies (1999-).

Managing Editor of the Review of Economic Studies (2003-2007).

Member of the Programme Committees of the European Meeting of the Econometric Society in 1996, of the 1999 Meeting of the European Economic Association, and of the 2009 meeting of the American Economic Association.

Co-chairman of the Programme Committee of the European Meeting of the Econometric Society in 2003.


Research Fellow of the Center for Economic Policy Research.

Research Fellow of IZA.

Research Fellow of CESifo.


Fellow of the Econometric Society (since 2001).

Richard Stone Prize (2004).

Journal of Applied Econometrics Distinguished Author (since 2015).


I have taught microeconomics, macroeconomics, econometrics at various levels and in various places.

This year I am teaching



The Economics of Contracts: A Primer, MIT Press, 1997 (translated into Japanese by Keiso Shobo Publishers, 2000; and into Chinese by Shanghai University Press, 2002.)

New edition (2005): improved and updated, but still mercifully short (translated into French by Economica, 2012.)

The Microeconomics of Market Failures, MIT Press, 2000 (translated into Chinese by Shanghai University Press, 2004.)

The Economics of Taxation, MIT Press, 2003 (translated into Chinese by Shanghai University Press, 2005.)

New, improved and updated edition (2011.)


Estimation of Multimarket Fix-Price Models: an Application of Pseudo-Maximum Likelihood Methods, Econometrica (1989), 57, 831-860 (with Guy Laroque.)

Long Term, Short Term, and Renegotiation: On the Value of Commitment in Contracting, Econometrica (1990), 58, 597-619 (with Patrick Rey.)

Sélection adverse et aversion pour le risque, Annales d'économie et de statistique (1990), 18, 131-149.

Wage and Price Adjustment in a Multimarket Disequilibrium Model, Journal of Applied Econometrics (1991), 6, 1-15.

Spéculation, prix et bien-être, Annales d'Economie et de Statistique (1991), 24, 209-246 (with Stéphane Gregoir.)

Simulation-based Estimation of Models with Lagged Latent Variables, Journal of Applied Econometrics (1993), 8, S119-S133 (with Guy Laroque), reprinted in Econometric Inference Using Simulation Techniques, H. Van Dijk, A. Monfort et B. Brown eds, John Wiley (1995.)

Repeated Moral Hazard: the Role of Memory and Commitment, European Economic Review (1994), 38, 1527-1553 (with Pierre-André Chiappori, Ines Macho and Patrick Rey.)

Estimating the Canonical Disequilibrium Model: Asymptotic Theory and Finite Sample Properties, Journal of Econometrics (1994), 62, 165-210 (with Guy Laroque.)

Measuring the Incidence of Insider Trading: A Comment on Shin, Economic Journal (1994), 104, 1418-1419 (with Bruno Jullien.)

Macroeconometric Disequilibrium Models, in the Handbook of Applied Econometrics: Macroeconomics, H. Pesaran and M. Wickens eds, Basil Blackwell (1995) (with Guy Laroque.)

Un modèle de déséquilibre de la courbe de Phillips en France et en Allemagne, Annales d'économie et de statistique (1996), 44, 1-28 (with Guy Laroque.)

On the Value of Commitment in Contracting with Asymmetric Information", Econometrica (1996), 64, 1395-1414 (with Patrick Rey.)

Empirical Contract Theory: The Case of Insurance Data, European Economic Review (1997), 41, 943-950 (with Pierre-André Chiappori.)

La réglementation des monopoles naturels, in A. Perrot ed., Réglementation et concurrence, Economica (with Pierre-Philippe Combes and Bruno Jullien) (1997.)

Normal Estimators for Cointegrating Relationships, Economics Letters (1997), 55, 184-189 (with Guy Laroque.)

Le partage des profits agrégés, Annales d'Economie et de Statistique (1998), 51, 169-185.

Développements récents en économétrie des contrats, Revue Economique (1999), 50, 611-620.

Early Starters vs Late Beginners (with Pierre-André Chiappori and Julie Valentin), Journal of Political Economy (1999), 107, 731-760.

Guide pratique des séries non-stationnaires, Economie et Prévision (1999), 137, 119-141.

Should More Risk-Averse Agents Exert More Effort? (with Bruno Jullien and François Salanié), Geneva Papers on Risk and Insurance Theory (1999), 24, 19-28; reprinted in the Geneva Risk and Insurance Review 40th anniversary issue (2015).

Testing for Asymmetric Information in Insurance Markets (with Pierre-André Chiappori), Journal of Political Economy (2000), 108, 56-78.

Estimating Preferences under Risk: The Case of Racetrack Bettors (with Bruno Jullien), Journal of Political Economy (2000), 108, 503-530.

Prélèvements et transferts sociaux : une analyse descriptive des effets incitatifs (with Guy Laroque), Economie et statistique (2000), 328.

Une décomposition du non-emploi en France (with Guy Laroque), Economie et statistique (2000), 331.

Une maquette analytique du marché du travail à long terme, Economie et prévision (2000), 146, 1-13.

Labor Market Institutions and Employment in France (with Guy Laroque), Journal of Applied Econometrics (2002), 17, 25-48. This paper was awarded the Richard Stone Prize in 2004.

Optimal Demogrants with Imperfect tagging, Economics Letters (2002), 75, 319-324.

Temps partiel féminin et incitations financières à l'emploi" (with Guy Laroque), Revue Economique (2002), 53, 1127-1147.

Testing Contract Theory: A Survey of Some Recent Work (with Pierre-André Chiappori), in Advances in Economics and Econometrics, vol 1, M. Dewatripont, L. Hansen and S. Turnovsky eds, Cambridge University Press.

Testing Contract Theory, CESifo Economic Studies (2003), 49, 461-477.

Fécondité et offre de travail des femmes (with Guy Laroque), Economie publique (2003), 13, 61-94.

Salaire minimum et emploi en présence de négociations salariales (with Guy Laroque), Annales d'Economie et de Statistique, 73, 1-22.

Fertility and Financial Incentives in France (with Guy Laroque), CESIfo Economic Studies (2004), 50, 423-450.

A Nonparametric Simulated Maximum Likelihood Estimation Method (with Jean-David Fermanian),  Econometric Theory (2004), 20, 701-734.

Asymmetric Information in Insurance: General Testable Implications (with Pierre-André Chiappori, Bruno Jullien and François Salanié), Rand Journal of Economics (2006), 37, 783-798.

Screening Risk-averse Agents under Moral Hazard: Single-crossing and the CARA Case (with Bruno Jullien and François Salanié), Economic Theory (2007), 30, 151-169.

On Competitive Equilibria with Asymmetric Information" (with Jérôme Pouyet and François Salanié), The B.E. Journal of Theoretical Economics (2008), Vol. 8: Iss. 1 (Topics), Article 13. Available at:

Empirical Evidence on the Preferences of Racetrack Bettors (with Bruno Jullien), in the Handbook of Investments, vol. 6: Efficiency of Sports and Lottery Betting Markets, Don Hausch and Bill Ziemba eds. (2008)

Modeling Competition and Market Equilibrium in Insurance: Empirical Issues (with Pierre-André Chiappori), American Economic Review Papers and Proceedings (2008), 98, 146-150.

Identifying Preferences under Risk from Discrete Choices (with Pierre-André Chiappori, Amit Gandhi, and François Salanié), American Economic Review Papers and Proceedings (2009.)

Asymmetric Information in Insurance Markets: Predictions and Tests (with Pierre-André Chiappori), Handbook of Insurance, 2nd edition (G. Dionne, ed. 2014)

Comment on "Risk Heterogeneity and Credit Supply: Evidence from the Mortgage Market" by Besley, Meads, and Surico, NBER Macroeconomics Annual 2012, Volume 27, Daron Acemoglu, Jonathan Parker, and Michael Woodford, eds 2014.

Identifying the Response of Fertility to Financial Incentives(with Guy Laroque), Journal of Applied Econometrics, 29, 319-332 (2014).

Partial Identification of Finite Mixtures in Econometric Models (with Marc Henry and Yuichi Kitamura), Quantitative Economics, 5, 123-144 (2014).

The Econometrics of Matching Models (with Pierre-André Chiappori), forthcoming in the Journal of Economic Literature.

Homage to Richard Arnott, Economics of Transportation, 4, 5--6 (2015).

Inference on Two-component Mixtures under Tail Restrictions (with Koen Jochmans and Marc Henry), forthcoming in Econometric Theory (2016).


Partner Choice, Invetsment in Children, and the Marital College Premium (with Pierre-André Chiappori and Yoram Weiss), mimeo.

Cupid's Invisible Hand: Social Surplus and Identification in Matching Models (with Alfred Galichon), mimeo.

Individual Decisions under Risk, Risk Sharing and Asset Prices with Regret (with Christian Gollier), mimeo.

On Human Capital and Team Stability (with Pierre-André Chiappori and Alfred Galichon), mimeo.

From Aggregate Betting Data to Individual Risk Preferences (with Pierre-André Chiappori, François Salanié, and Amit Gandhi), mimeo.

Identification in Separable Matching with Observed Transfers, mimeo.

Identifying Effects of Multivalued Treatments (with Sokbae Lee), mimeo.

Higher Order Improvements for Approximate Estimators (with Dennis Kristensen), mimeo.

Divorce and the Duality of Marital Payoff (with Pierre-André Chiappori and Natalia Radchenko), mimeo.

Testing for Moral Hazard When Adverse Selection is Present (with Juan Carlos Escanciano and Nese Yildiz), mimeo.

Non-academic publications:

I published in 2004 a (French-language) popularization book entitled L'économie sans tabou, which is presented in more details on my now dormant blog (also in French!). A revised edition was published in 2011.

Here are some other links (all but one in French):

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