Professor of Economics
Columbia University
1022 International Affairs Building
420 W 118th Street
New York, NY 10027
USA
RESEARCH FIELDS
Contract theory; insurance economics; labor
economics; public economics; theoretical and applied econometrics.
PROFESSIONAL DATA
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: Visiting the Toulouse School of Economics.
1994-2004: Part-time Associate professor at
Ecole Polytechnique.
2004-2007: Part-time Professor at
Ecole Polytechnique.
Associate
editor of Annales d'Economie et
de Statistique (1989-), of Research in Economics (2000-), and of the
American Economic Journal:
Microeconomics.
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).
TEACHING
I have taught microeconomics, macroeconomics, econometrics at various levels and in various places.
PUBLICATIONS
Books:
The Economics of Contracts: A Primer, MIT Press, 1997, 2005.
(translated in Japanese by Keiso Shobo Publishers, 2000).
New edition: improved and updated, but
still mercifully short.
The Microeconomics of Market
Failures, MIT
Press, 2000 (translated in Chinese by Shanghai University Press,
2004).
The
Economics of Taxation, MIT
Press,
2003 (translated in Chinese by Shanghai University Press, 2005).
« Does
Fertility
Respond to Financial Incentives? (with Guy Laroque), mimeo. “Changes in Marriage Patterns and the Returns to Education” (with
Pierre-André Chiappori, Avi Tillman and Yoram Weiss), in progress. “Nonparametric identification of mixtures with exclusion restrictions”
(with Marc Henry and Yuichi Kitamura), mimeo. “Higher Order Improvements for Approximate Estimators” (with Dennis
Kristensen), mimeo. “Matching with Trade-offs: Revealed Preferences over Competing
Characteristics” (with Alfred Galichon), mimeo. “Individual Decisions under Risk, Risk Sharing and Asset Prices with
Regret” (with Christian Gollier), mimeo. Here are some other links (most of them in French): This Web page is under the responsibility
of its author; Columbia University cannot be held responsible for any breach of the
law it
might cause.
Articles:
« 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.
" 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), 1, 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: http://www.bepress.com/bejte/vol8/iss1/art13.
"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 Francois Salanié),
American Economic Review Papers and Proceedings (2009).
“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.
WORK IN PROGRESS
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!).