Showing posts with label academic economics. Show all posts
Showing posts with label academic economics. Show all posts

Wednesday, April 24, 2024

New members of the American Academy of Arts and Sciences

 Each year, new members are elected to  join Benjamin Franklin in the American Academy of Arts and Sciences.

Here is the announcement of the New Academy Members Elected in 2024

Congratulations to all!

Here are the new Economists:

Section 2 – Economics

  1. Pol Antràs,  Harvard University
  2. Nathaniel Hendren,  Massachusetts Institute of Technology
  3. Erik Hurst,  University of Chicago Booth School of Business; University of Chicago
  4. Anna Mikusheva,  Massachusetts Institute of Technology
  5. Serena Ng,  Columbia University; National Bureau of Economic Research
  6. Muriel Niederle,  Stanford University
  7. Amir Sufi,  University of Chicago Booth School of Business; National Bureau of Economic Research

Posted by Al Roth at 9:26 AM 0 comments
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Sunday, April 21, 2024

The Curious Culture of Economic Theory by Ran Spiegler

 Ran Spiegler has new book about the academic culture of the theory part of the Economics profession.  It's open source, so you can sample it online.

The Curious Culture of Economic Theory   by Ran Spiegler

The MIT Press, 2024
DOI:
 
https://doi.org/10.7551/mitpress/14884.001.0001
ISBN electronic:
 
9780262379038

Here's what it says on the website:

"An essay collection that insightfully explores the professional culture of contemporary economic theory, highlighting key features of successful economic theory from the last quarter century.

"When is a theoretical result taken seriously enough for economic application? How do theorists actively try to influence this judgment? What determines whether a new theoretical subfield adopts a “pure” or an “applied” style? How do theorists respond to economists' penchant for “rational” explanations of human behavior? These are just some of the questions regarding the professional culture of contemporary economic theory that Ran Spiegler attempts to answer in this incisive essay collection, The Curious Culture of Economic Theory. In exploring these questions, Spiegler addresses the norms that economic theorists apply as they produce, evaluate, and disseminate research.

"Introducing a new genre—a kind of cultural criticism of economic theory—the essays in this unique collection highlight elements of style and rhetoric that characterize classic pieces of economic theory from the last quarter century. For each piece, Spiegler offers a precise yet accessible exposition of modern classics of economic theory while placing them in the broader context of the field's professional culture. Affectionate in its criticism and anthropological in its approach, The Curious Culture of Economic Theory is as valuable a complement to standard textbooks in graduate-level economic theory, game theory, and behavioral economics as it is to the libraries of practicing economic theorists, academic economists, historians of economic thought, and philosophers of economics."

I first sampled Chapter 8, whose first sentence is given below:

Chapter 8: From Competitive Equilibrium to Mechanism Design in Eighteen Months 

"If I had to name one major shift in the sensibilities of economic theorists in the past half century, a prime candidate would be the way we conceptualize markets—from quasi-natural phenomena admired from afar to manmade institutions whose design can be tweaked by economist-engineers."

Posted by Al Roth at 5:04 AM 0 comments
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Thursday, April 18, 2024

Top Trading Cycles (TTC) and the 50th anniversary of the Journal of Mathematical Economics

 This year marks the 50th anniversary of the Journal of Mathematical Economics, and also of the Top Trading Cycles (TTC) algorithm that was introduced in Volume 1, number 1 of the journal, in the paper by

Shapley, Lloyd, and Herbert Scarf. "On cores and indivisibility." Journal of mathematical economics 1, no. 1 (1974): 23-37. 

TTC was further analyzed in 

Roth, Alvin E., and Andrew Postlewaite. "Weak versus strong domination in a market with indivisible goods." Journal of Mathematical Economics 4, no. 2 (1977): 131-137.

Now the JME is assembling a 50th anniversary collection of papers surveying some of the resulting literatures, with some papers posted online ahead of publication. Here's what they had as of yesterday, including an article on Top Trading Cycles, by Morrill and Roth, and one on Housing markets since Shapley and Scarf, by Afacan, Hu, and Li:

JME’s 50th Anniversary Literature  Edited by Andres Carvajal and Felix Kübler

  1. Research articleFull text access

    Top trading cycles

    Thayer Morrill, Alvin E. Roth
    In Press, Journal Pre-proof, Available online 16 April 2024
    Article 102984
    View PDF
  2. Research articleOpen access

    Bubble economics

    Tomohiro Hirano, Alexis Akira Toda
    April 2024
    Article 102944
    View PDF
  3. Research articleFull text access

    Stable outcomes in simple cooperative games

    Gabrielle Demange
    April 2024
    Article 102960
    View PDF
  4. Research articleFull text access

    Fifty years of mathematical growth theory: Classical topics and new trends

    Emmanuelle Augeraud-Veron, Raouf Boucekkine, Fausto Gozzi, Alain Venditti, Benteng Zou
    April 2024
    Article 102966
    View PDF
  5. Research articleFull text access

    Housing markets since Shapley and Scarf

    Mustafa Oğuz Afacan, Gaoji Hu, Jiangtao Li
    April 2024
    Article 102967
    View PDF

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At least one of the papers in the (virtual) special issue is already published, I gather that some will be in the June issue:

Monday, March 4, 2024

50th anniversary of Shapley and Scarf (1974), and of the Journal of Mathematical Economics

Posted by Al Roth at 5:05 AM 0 comments
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Saturday, April 6, 2024

Israel Institute for Advanced Studies summer school in economics (and cs)

 Here's the announcement for this summer's summer school in Economics in Jerusalem (with the program and list of speakers updated on April 8).

The 34th Advanced School in Economic Theory and Computer Science Sun, 23/06/2024 to Thu, 27/06/2024

General Director: Eric Maskin, Harvard University

Organizers: Elchanan Ben-Porath, The Hebrew University of Jerusalem, Michal Feldman, Tel Aviv University, Noam Nisan, The Hebrew University of Jerusalem

Contemporary economic theorists and computer scientists have a large research agenda in common. Topics of mutual interest include the design of contracts, auctions, and information structures, as well as the use of algorithms to achieve fair allocations. This summer school will explore all these topics and more

Speakers:

Fair division of indivisible items: Uriel Feige, Weizmann Institute of Science

Algorithmic contract design: Michal Feldman, Tel Aviv University

Multidimensional mechanism design: Sergiu Hart, The Hebrew University of Jerusalem

Revenue maximization from samples: Yannai Gonczarowski, Harvard University

Fairness in learning and prediction: Katrina Ligett, The Hebrew University of Jerusalem

Matching markets: From theory to practice: Assaf Romm, The Hebrew University of Jerusalem

Economic aspects of Blockchains: Aviv Zohar, Assaf Romm The Hebrew University of Jerusalem

Posted by Al Roth at 5:02 AM 0 comments
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Wednesday, January 17, 2024

AEA announces changes in how journals will be produced, financed and distributed

Yesterday's AEA Member Announcements include some substantial changes in how the AEA journals will be produced, distributed, and financed.

The AEA will phase out print journals over the next year by no longer offering print subscriptions for members and institutional subscribers as of February 1.  Existing print subscriptions for members and institutions will be honored through January 2025 but will be unable to be renewed.

In line with most other leading journals, the AEA will end payments to referees for reviews invited on or after February 1.

Collecting publication fees from those benefiting most from the AEA publications program distributes costs of the program more equitably than raising submission fees. With this in mind, the AEA will implement a page charge of $15 per typeset page for published articles submitted after February 1, to be paid by authors, and with provisions to waive the fee under certain circumstances. This page charge will not apply to formally solicited manuscripts (such as Presidential addresses) and will not include articles in the Journal of Economic Literature, Journal of Economic Perspectives, or AEA Papers and Proceedings.   

###########

I wasn't party to these discussions, but I wouldn't be surprised if someone mentioned that per-page charges will feel anachronistic once print journals are no longer produced.  But maybe they will be a mild incentive for brevity (as would per-word charges, which might however inadvertently incentivize sesquipedaleanism).

Posted by Al Roth at 5:06 AM 0 comments
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Monday, January 15, 2024

Matching and market design in the latest GEB (stack overflow...)

 The current (January 2024) issue of Games and Economic Behavior presents an increasingly common dilemma (faced by scholars in burgeoning fields, and maybe by aging scholars...). Papers I should read are being written much faster than I can read them.

Here are 9 papers in that issue that are pretty clearly about matching and market design (which leaves out some papers on auctions and one on unraveling of the timing of markets) :

  1. Obvious manipulations of tops-only voting rules

    R. Pablo Arribillaga, Agustín G. Bonifacio
    Pages 12-24
    View PDF
  2. Research articleOpen access

    Rejection-proof mechanisms for multi-agent kidney exchange

    Danny Blom, Bart Smeulders, Frits Spieksma
    Pages 25-50
    View PDF
Posted by Al Roth at 5:00 AM 0 comments
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