AB, Summa Cum Laude, Princeton University
PhD, Economics, Massachusetts Institute of Technology
At Haas since 1988
2006 - present, Thomas & Alison Schneider Distinguished Professorship in Finance
2005 - 2008, Chair, Department of Economics, UC Berkeley
1998 - present, Professor, Haas School of Business
1998 - present, Professor, Department of Economics, UC Berkeley
2002, Interim Dean, Haas School of Business
1999 - 2006, Willis H. Booth Professor of Banking and Finance
1999 - 2002, Associate Dean for Academic Affairs, Haas School of Business
1998 - 1999, Professor of Economics, Johnson Graduate School of Management
1996 - 1998, Harold Furst Associate Professor of Management Philosophy & Values, Haas School of Business
1994 - 1996, Associate Professor, Haas School of Business
1988 - 1994, Assistant Professor, Haas School of Business
Current Research and Interests
- Corporate governance
- Executive compensation
- Economics of leadership and organization
- Contract theory
- Competitive strategy and industrial organization
Selected Papers and Publications
- “Your Network or Mine? The Economics of Routing Rules,” with Michael Katz. RAND Journal of Economics 37 (2006): 692–719.
- “Leadership and Information,” with Mana Komai and Mark Stegeman. American Economic Review 97 (2007): 944–947.
- "Moral Hazard and Verifiability: The Effects of Renegotiation in Agency," with Michael Katz. Econometrica 59 (1991): 1735-1753.
- "Endogenously Chosen Boards of Directors and Their Monitoring of the CEO," with Michael S. Weisbach. American Economic Review 88 (1998): 96-118.
- "Toward an Economic Theory of Leadership: Leading by Example." American Economic Review 88 (1998): 1188-1206.
- "Firm Performance and Executive Compensation in the Savings and Loan Industry," with Nancy E. Wallace. Journal of Financial Economics 61 (2001): 139-170.
- “Sender or Receiver: Who Should Pay to Exchange an Electronic Message?” with Michael Katz. RAND Journal of Economics, Autumn, 2004.
- “Trends in Corporate Governance.” Journal of Finance 60, no. 5 (2005): 2351-2384.
- Principles of Business, UGBA 10
- Economics 206
Honors and Awards
- Phi Beta Kappa, 1984
- NSF Graduate Fellowship, 1984-87
- NSF Grants, 1991-93 & 1997-2000
- Earl F. Cheit Award for Excellence in Teaching, 1991
- John M. Olin Faculty Research Fellowship, Yale Law School, 1992-93
- Schwabacher Award, 1993
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