PhB, University of Chicago Graduate Study, University of Chicago AM, Economics, Stanford University PhD, Economics, Stanford University
At Haas since 1960 1967 - present, Professor, Haas School of Business 1968 - 1970, Chairman, Center for Research in Management Science, Haas School of Business 1962 - 1967, Associate Professor, Haas School of Business 1960 - 1962, Assistant Professor, Haas School of Business 1954 - 1959, Economist, RAND Corporation
External Service and Assignments
Associate Editor: Review of Economic Design
Current Research and Interests
Informational and incentive aspects of the design of efficient organizations
The effect of information technology on the organization of firms
"Information Technology and the Organization of Firms." Journal of Economics and Management Strategy 13 (2004): 473-515.
"Shirking and Squandering in Sharing Games," with D. Courtney. Topics in Theoretical Economics (Berkeley Electronic Press) 6, no. 1 (2006).
"Complementarity and Inefficiency in Sharing Games," with D. Courtney. Review of Economic Design 13, no. 7 (2009): 7-43.
"Organization Structure," in Handbook of Economics and Information Systems, edited by T. Hendershott, 205-290. Elsevier, 2006.
"Comparing Finite Mechanisms," with Leonid Hurwicz. Economic Theory 21, 783-841 (2003).
"Finite Allocation Mechanisms: Approximate Walrasian versus Approximate Direct Revelation," with Leonid Hurwicz. Economic Theory 21 (2003): 545-572.
"Network Mechanisms, Informational Efficiency, and Hierarchies," with S. Reichelstein. Journal of Economic Theory (March 1998): 106-141.
"Independence versus Dominance in Personal Probability Axioms," in vol. 3 of Uncertainty, Information and Social Choice: Essays in Honor of Kenneth Arrow, edited by W. Heller, R. Starr, and D. Starrett, 129-171. Cambridge University, 1986.
"Restabilizing Responses, Inertia Supergames, and Oligopolistic Equilibria," with Reinhard Selten. Quarterly Journal of Economics (February 1978): 210-236.
General Equilibrium with Price-Making Firms, with Reinhard Selten. Springer, 1974.
Microeconomics for Business Decisions, UGBA 101A
Decisions, Games and Strategies, BA 243
Honors and Awards
Co-winner of Koc University prize, for best article in Economic Design, 1996
Elected, Fellow Econometric Society, 1975
Fulbright-Hays Research Award, 1965-66
Guggenheim Fellow, 1965-1966
Ford Foundation Faculty Research Fellowship, 1962-1963
Awarded McKinsey Foundation Prize for Best Article in Journal of Business, 1960
Fellow, Social Science Research Council, 1956-1957