641 Avenue of the Americas
New York, NY 10011
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Education at Princeton University
M.A., Ph.D. in Economics (2008), dissertation: “Essays in Industrial Organization and Economic Methodology” advised by José A. Scheinkman (chair), Jean Tirole, Hyun Song Shin and Roland Bénabou
A.B. in Economics (2007), Valedictorian; certificates in Finance and Applications of Computing; senior thesis: “The Price Theory of Two-Sided Markets”
Principal Researcher (~full Professor), Microsoft Research (2017-present)
- Move to New York City Lab (2018-present), sat with (2016-2017)
- Senior Researcher (~tenured Associate Professor) (2015-2017)
- Researcher (~untenured Associate Professor) (2014-2015)
- New England Lab (2014-2018)
Visiting Research Scholar and Lecturer, Julis-Rabinowitz Center for Public Policy and Finance, Woodrow Wilson School, Princeton University (2018-2019)
Member, Committee on Conceptual and Historical Studies of Science, University of Chicago (2012-2016)
Member, Chicago Center for Jewish Studies, University of Chicago (2011-2016)
Affiliate, Center for Latin American Studies, University of Chicago (2011-2016)
Fellow, Toulouse School of Economics (TSE) (2008-2013)
Visiting Advisor, INDECOPI in Lima, Perú (2011)
Visiting Advisor, Ministerio de la Hacienda, Santiago de Chile (2008)
Price Theory Scholar, Becker Center on Chicago Price Theory at the University of Chicago (2007)
Summer economic analysis clerk at the Economic Analysis Group of the Department of Justice Division of Antitrust (2006)
Quantitative analyst at New York City hedge fund Blue Mountain Capital Management. Used statistical financial modeling to design an arbitrage strategy (2005)
Econometric research assistant to Stanford economic history professor Stephen Haber (2004)
Radical Markets: Uprooting Capitalism and Democracy for a Just Society with Eric Posner, 2018, Princeton, NJ: Princeton University Press. Translations forthcoming in simplified Chinese, Korean, Japanese, Brazilian Portuguese and Spanish.
“The A/B Testing Problem” with Eduardo M. Azevedo, Alex Deng, José Luís Montiel Olea and Justin Rao, extended abstract in Proceedings of the 2018 ACM Conference on Economics and Computation (EC ’18), 2018: 461-462.
“Approximate Efficiency in Matching Markets” with Nicole Immorlica, Brendan Lucier and Joshua Mollner, forthcoming in the Proceedings of the 13th Conference on Web and Internet Economics (WINE ’17), 2017: 252-265.
“Surge Pricing Solves the Wild Goose Chase” with Juan Camilo Castillo and Dan Knoepfle extended abstract in Proceedings of the 18th ACM Conference on Electronic Commerce (EC ’17), 2017, 241-242.
“The Openness-Equality Trade-Off in Global Redistribution,” forthcoming in the Economic Journal for a feature on Normative Ethics and Welfare Economics as of August 2016.
“Descending Price Optimally Coordinates Search” with Robert Kleinberg and Bo Waggoner extended abstract in Proceedings of the 17th ACM Conference on Electronic Commerce (EC ’16), 2016, 23-24.
“Pass-Through as an Economic Tool: Principles of Incidence under Imperfect Competition” with Michal Fabinger, Journal of Political Economy, 2013, 121(3): 528-583.
“Walrasian Equilibrium in Large, Quasilinear Markets” with Eduardo Azevedo and Alexander White, Theoretical Economics, 2013, 8(2): 281-290.
“Concordance among Holdouts” with Scott Duke Kominers extended abstract in Proceedings of the 12th ACM Conference on Electronic Commerce (EC ’11), 219-220.
“Economic Contract Theory Tests Models of Mutualism” with Megan E. Frederickson, Doug W. Yu and Naomi E. Pierce, Proceedings of the National Academy of Sciences, 2010, 107(36): 15712-15716. Featured on the cover and reviewed as “must read” by the Faculty of 1000.
“Linear Demand Systems are Inconsistent with Discrete Choice,” with Sonia Jaffe, B. E. Journal of Theoretical Economics (Advances), 2010, 10(1): article 52.
“Monopoly, Ramsey and Lindahl in Rochet and Tirole (2003),” Economics Letters, 2009, 103(2), 99-100.
Other Academic Writing
“A Proposal to Limit the Anti-Competitive Power of Institutional Investors,” with Eric Posner and Fiona Scott Morton, Antitrust Law Journal, 2017, 81(3).
“Should We Treat Data as Labor? Moving Beyond ‘Free’” with Imanol Arrieta Ibarra, Len Goff, Diego Jiménez Hernández and Jaron Lanier, American Economic Association Papers and Proceedings, 2018, 1(1).
“Quadratic Voting: How Mechanism Design Can Radicalize Democracy” with Steven P. Lalley, American Economic Association Papers and Proceedings, 2018, 1(1).
“The Robustness of Quadratic Voting,”Public Choice, 2017, 172(1-2) Special Issue: Quadratic Voting and the Public Good: 75-107
“Pricing Institutions and the Welfare Cost of Adverse Selection” with André Veiga, American Economic Journal: Microeconomics, 2017, 9(2), 139-148.
“Voting Squared: Quadratic Voting in Democratic Politics” with Eric A. Posner, Vanderbilt Law Review, 2015, 68(2): 441-500.
“Cost-Benefit Analysis of Financial Regulation: A Response to Criticisms” with Eric Posner, Yale Law Journal Forum, 2015, 124: January 22.
“Let the Right ‘One’ Win: Policy Lessons from the New Economics of Platforms” with Alexander White, Competition Policy International, 2014, 12(2): 29-51.
“Quadratic Voting as Efficient Corporate Governance” with Eric Posner, University of Chicago Law Review, 2014, 81(1): 251-272.
- To be reprinted in Edward Elgar’s Economics of Financial Law, edited by Geoffrey P. Miller
“Holdout in the Assembly of Complements: A Problem for Market Design” with Scott Duke Kominers, American Economic Review: Papers and Proceedings, 2012, 102(3): 360-365.
Volumes Edited and Contributed To
After the Flood: How the Crisis Changed Economic Thought, edited and introduction written with Ed Glaeser and Tano Santos, including my conclusion “Finance and the Common Good”. Published by the University of Chicago Press in March 2017.
Jewish Economies: Development and Migration in America and Beyond, edited with Stephanie Lo, with my introductory analytical chapter “Simon Kuznets: Cautious Empiricist of the Eastern European Jewish Diaspora“. First volume, The Economic Life of American Jewry, was released by Transaction Publishers in November 2011; second volume, Comparative Perspectives on Jewish Migration, was released in January 2012.
“Functional Forms for Tractable Economic Models and the Cost Structure of International Trade” with Michal Fabinger, rejected with an invitation to submit a new version to the Journal of Political Economy; new version submitted August 2018.
Unpublished (Working) Papers
“A Signaling Theory of Cultural Difference” with Kadeem Noray, coming October 2018.
“The Marshallian Match” with Bo Waggoner, coming September 2018.
“Liberal Radicalism: Formal Rules for a Society Neutral Among Communities” with Vitalik Buterin and Zoë Hitzig, September 2018.
“A/B Testing” with Eduardo Azevedo, Alex Deng, Pepe Montiel Olea and Justin Rao, April 2018.
“Nash Equilibria for Quadratic Voting” with Steven P. Lalley, January 2018.
“Quadratic Voting in Finite Populations” with Bharat Chandar, February 2018.
“A Solution to the Collective Action Problem in Corporate Reorganizations” with Eric Posner, September 2013; inactive.
“Concordance among Holdouts” with Scott Duke Kominers, September 2012. New version coming soon joint also with Jerry Green and Steven P. Lalley entitled “A Quadratic Voting Solution to the Holdout Problem.”
“Slutsky meets Marschak: First-Order Identification of Multi-product Production,” December 2009; inactive.
“Is Arbitrage Socially Beneficial?” October 2007; inactive.
“A Simple Theory of Scientific Learning,” September 2007; inactive.
“Biasing Auctions,” April 2006; inactive.
“Systems, Methods, and Computer-Readable Media for Conducting an Online Auction Using Narrowing Upper and Lower Bounds” with David Myer Pennock, Siddhartha Sen and Eduardo Monteiro de Azevedo, application filed January 2017.
“Descending Price Auction for a Divisible Good” with Robert Kleinberg, application filed August 2016.
“System and Method for Convex Voting in Various Types of Research and Voting” with David Quarfoot, Eric Posner and Kevin Slavin, application filed March 2016.
“Computerized Raffle for the Optimal Allocation of Goods” with Christina Lee, application filed January 2016.
“Descending Counter Value Matching with Information Sharing” with Bobby Kleinberg and Bo Waggoner, application filed December 2015.
Opinion and Policy Articles
“Confronting Monopsony” with Eric Posner, forthcoming from the Tony Blair Institute for Global Change.
“Liberty v. Monopoly” with Eric A. Posner, forthcoming in American Affairs Journal.
“Organizing Data Dignity” with Jaron Lanier, forthcoming in the Harvard Business Review.
“The Supreme Court is an anti-democratic nightmare. Here’s how to fix it.” with Eric Posner, Vox, June 29, 2018.
“More and more companies have monopoly power over workers’ wages. That’s killing the economy” with Suresh Naidu and Eric Posner, Vox, April 6, 2018.
“What if Socially Useful Jobs Were Taxed Less Than Other Jobs?” with Benjamin B. Lockwood and Charles G. Nathanson, Harvard Business Review, October 2017.
“A Monopoly Donald Trump Can Pop” with Eric Posner and Fiona Scott Morton, New York Times, December 7, 2017.
“We Are Lifelong Zionists. Here’s Why We’ve Chosen to Boycott Israel” with Steven Levitsky, The Washington Post, October 23, 2015.
“Humans are Doing Democracy Wrong. Bees are Doing it Right” with Rory Sutherland, The Spectator, May 2, 2015.
“A Radical Solution to Global Income Inequality: Make the U.S. More Like Qatar” with Eric A. Posner, The New Republic, November 6, 2014.
“Thomas Piketty is Wrong: America Will Never Look Like a Jane Austen Novel” with Eric A. Posner, The New Republic, July 31, 2014.
“The Answer for Obamacare? Oligopoly” with André Veiga, Slate, March 31, 2014.
“The Case for Benefit-Cost Analysis of Financial Regulations” with Eric Posner, Regulation, 2013-2014, 36(4): 30-34.
“How to Make Sure the Volker Rule Survives in Court” with Eric A. Posner, Bloomberg View, December 10, 2013.
“Shareholder Democracy Needs People to Pay for Their Votes” with Eric Posner, Financial Times, May 13, 2013.
“Not Worth the Gamble” with Eric Posner, Slate, April 4th, 2012.
“An FDA for Securities Could Help Avert Crises” with Eric Posner, Bloomberg View, April 2nd, 2012
“Retos para un Mercado de Libre Competencia: El Control de Fusiones y Carteles” in ¿Competidores o Monopolistas?, edited by Jaime Delgado and published by the Instituto de Consumo de la Universidad San Martín de Porres in Lima, Perú, 2011.
Grants and Honors
Becker Friedman Institute Research Grant (2013-2015)
American Economic Review Excellence in Refereeing Award (2009, 2010 and 2013)
Sloan Foundation Conference Grant, joint with Eric Posner (2013)
Social Sciences Division Research Grant, University of Chicago (2012-2013)
ANACOM Award for best paper, “Multidimensional Product Design”, at the 3rd Workshop on the Economics of Information and Communication Technologies (2012)
NET Institute Grant (2010, joint with Alexander White, and 2011, joint with André Veiga)
Research gift from Microsoft Corporation (2010)
Sloan Foundation Research Grant, joint with Charlie Nathanson (2010)
Harvard Real Estate Academic Initiative Faculty Research Grant, joint with Scott Duke Kominers (2010)
Milton Fund research grant, Harvard University (2009)
J. Wallace Ely ’32 Fund, Princeton University (2008)
Supplemental Merit Fellowship, Princeton University Department of Economics (2007-2008)
Princeton University Graduate School Fellowship (2007-2008)
Elected Valedictorian by a vote of the Princeton faculty (2007)
Halbert White ’72 Prize to the most outstanding economics major (2007)
Wolf Balleisan Memorial Prize for best economics senior thesis (2007)
Birch Family Prize, to the Finance Certificate student with the best grades in finance classes (2007)
Awarded Highest Honors (Summa Cum Laude) in economics (2007)
George B. Wood Legacy Junior Prize for exceptional academic achievement in the junior year at Princeton University (2006)
Elected in the fall of senior year to Phi Beta Kappa with a dozen other students (2006)
Humane Studies Fellowship (2006)
Merit Scholarship from National Scholars Honor Society (2005)
Merit Award from the National Society of Collegiate Scholars (2005)
Twice, Shapiro Prize for Academic Excellence to top 35 students in each of the sophomore and junior classes at Princeton (2004, 2005)
Quin Morton ’36 Writing Seminar Essay Prize to the top 10 essays by freshmen at Princeton (2004)
Walter E. Hope Prize and Spencer Trask Medal to best freshman debater at Princeton (2004)
The Daily Princetonian Arts Writing Award (2004)
ECON 421(562)/CPSC 412(512) Designing the Digital Economy at Yale University, 2016.
ECON20110 Elements of Economic Analysis II (Honors Intermediate Theory of the Firm) at the University of Chicago, 2012-2014. Co-listed as LAWS99305 with the Law School 2013-2014.
ECON24210/40501 Price Theory and Market Design (Joint undergraduate-second-year graduate course that forms the first term of the graduate field sequence in Market Design) at the University of Chicago, 2012-2013.
ECON-4527 Advanced Price Theory and Market Structures at UniAndes in Summmer 2012.
Four invited guest lectures in ECON 30100 and 30200 Price Theory (Introductory Graduate Microeconomics) taught by Gary Becker and Kevin Murphy at the University of Chicago, Fall and Winter 2011.
ECON 20100 Elements of Economic Analysis II (Turbo and Regular Sections) at University of Chicago, Fall 2011.
Invited guest lectures: Special lecture to masters 1 and 2 students at Toulouse School of Economics and ECO321 Industrial Organization (Princeton, undergraduate, Professor Swati Bhatt) on “Pass-Through, Double Marginalization and Two-Sided Markets” and COS444 Electronic Auctions (Princeton, undergraduate, Professor Ken Steiglitz) on “Frontiers of Behavioral Auction Theory” (2008).
Dissertations and Theses Advised
Anthony Lee Zhang, PhD at the Stanford Graduate School of Business in progress, graduation expected 2019 (outside member).
Rhoni Gericke, BA at Yale University, 2017.
André Veiga, PhD at TSE, September 2013, committee co-chair. Initial placement: post-doc at University of Oxford.
William Weingarten, MA at Harvard University summa cum laude, June 2011.
Scott Duke Kominers, PhD at Harvard University, June 2011, committee member. Initial placement: post-doc at the Becker Friedman Institute for Research in Economics, University of Chicago.
Alexander White, PhD at TSE, June 2010, committee co-chair. Initial placement: post-doc at Harvard. Currently: Tsinghua University.
Co-organizer of Quadratic Voting and the Public Good, a conference at the University of Chicago funded by the Becker Friedman Institute and to be published in Public Choice (2016).
Co-organizer of Advances in Price Theory, a conference at the University of Chicago funded by the Becker Friedman Institute (2015).
Co-organizer of Normative Ethics and Welfare Economics, a conference at the University of Chicago funded by the Becker Friedman Institute and to be published in Economic Journal (2014).
Co-Organizer and Guest Co-Editor of Journal of Legal Studies special issue on “Benefit-Cost Analysis for Financial Regulation” based on a conference held at the University of Chicago Law School and funded by the Alfred P. Sloan Foundation (2013).
Co-Founder and Co-Director, University of Chicago Working Group on Comparative Economics (2013) .
Referee: American Economic Journal: Applied Economics, American Economic Journal: Economic Policy, American Economic Journal: Microeconomics, American Economic Review, Econometrica, Economic Journal, Economic Inquiry, Economics Letters, Games and Economic Behavior, Journal of Finance, Journal of Economics and Management Strategy, Journal of Economic Theory, Journal of Industrial Economics, International Journal of Business and Economics, Journal of Law and Economics, Journal of Law, Economics and Organization, Journal of Moral Philosophy, Journal of Political Economy, Journal of Public Economics, Journal of Public Economic Theory, MacArthur Foundation, National Science Foundation, Network and Spatial Economics, Oikos, Politics, Philosophy and Economics, Quantitative Economics, Quarterly Journal of Economics, RAND Journal of Economics, Review of Economic Studies, Review of Network Economics, Scandinavian Journal of Economics, Theoretical Economics and Yale Law Journal.
More than a hundred presentations at universities, regulatory agencies, consultancies and conferences.
Program Committee Member, Simon Kuznets International Symposium
Guest Editor, Competition Policy International Antitrust Chronicle
Discussant: IIOC 2009 and 2011, National Bureau of Economic Research 2010 Intellectual Property and the Economy Day and 2013 Conference on the Economics of Digitization, Tenth Annual Columba-Duke-Northwestern IO Theory Conference, Fourth Annual FTC Microeconomics Conference, Third, Fifth and Sixth Annual Searle Center Research Symposium on Antitrust Economics and Competition Policy and 2014 Allied Social Sciences Association meetings.
Director, EconJobMarket.org (2015-present)
Co-founder, Collective Decision Engines (2013-present)
Graduate Fellow, Forbes College (2007-2008)
Peer Advisor, Forbes College (2006-2007)
Undergraduate Fellow at Forbes College, Center for Human Values and Princeton Institute for International and Regional Studies (2004-2007)
Founder and President of Princeton Against Protectionism (2004-2006)
Tutor in mathematics, physics, and economics (2004-2006)
Founder and President of Latin American Studies Student Organization (2003-2004)
Member, Princeton Debate Panel (2003)