I probably learned most at MIT by teaching and …– Eric Maskin
I probably learned most at MIT by teaching and working with Peter Diamond, who acted like a big brother to me during my time in
I probably learned most at MIT by teaching and working with Peter Diamond, who acted like a big brother to me during my time in
I was born in New York City but grew up across the Hudson River in Alpine, New Jersey.
How do we ensure in the case of public goods that they are provided at all, and that they are provided at the right level,
I choose questions to work on according to how much they excite me.
When a bank calls in a loan, it obviously hurts the customer in question. But it also adversely affects other banks that have lent to
If banks anticipate government will come to the rescue should the credit market go badly awry, they may make loans that would otherwise be imprudent,
What we mean by an outcome will naturally depend on the context. Thus, for a government charged with delivering public goods, an outcome will consist
There are some things that we value as a public good that the markets can’t deliver, like clean air.
In various countries around the world, assets that had previously been in the hands of governments were sold off to the private sector in the
Because mechanism designers do not generally know which outcomes are optimal in advance, they have to proceed more indirectly than simply prescribing outcomes by fiat;
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