Glen Weyl

I am a Principal Researcher at Microsoft Research New England, where I work on economics from an interdisciplinary perspective. I am visiting Yale University's economics department and Law School as a Senior Research Scholar. With Eric Posner and Kevin Slavin I co-founded Collective Decision Engines, a start-up that commercializes a voting technique I proposed called Quadratic Voting. My joint book with Posner, Radical Markets: Uprooting Property and Democracy for a Just Society, is forthcoming from the Princeton University Press in April 2018.

Teaching

ECON 421a/562; CPSC412/512 Designing the Digital Economy (Yale University) (NYTimes coverage)

Digitization is transforming a variety of markets from personal transportation services to advertising. This course explores the economic tools (market design, price theory, causal inference, etc.) and technical tools from computer science (machine learning, the analysis of algorithms, user interface design, etc.) students need to contribute meaningfully to this transformation.

Syllabus

  1. Introduction (introduction) (mechanism design by Dirk Bergemann)
  2. Prices (slides)
  3. Data (machine learning by Jake Hofman) (causation by Greg Lewis)
  4. Design (algorithmic auction theory by Vasilis Syrgkanis) (algorithmic market design by Nicole Immorlica)
  5. Interface (data visualization by César Hidalgo) (incentives on networks by Iyad Rahwan)
  6. Algorithms (notes by Bobby Kleinberg)
  7. Centralization (transport pricing by Jonathan Hall) (recommendation systems by Charles Elkan)
  8. Ethics (fairness algorithms by Aaron Roth) (fairness theory by Solon Barocas)
  9. Valuation (data pricing by Eduardo Azevedo)
  10. Optimization (cloud pricing by Brendan Lucier) (decision service by John Langford)
  11. Collectives (polling by David Rothschild) (Quadratic Voting)
  12. Advertising (advertising effectiveness by David Reiley) (advertising mechanisms by Justin Rao)
  13. Sharing (sharing economy by Arun Sundararajan) (Uber by Dan Knoepfle)

Reverse Algorithmic Game Theory Workshop

This is a workshop a collaboration between Microsoft Research New England and the Harvard Center for Research on Computation and Society that I organized jointly with Jason Hartline, Bobby Kleinberg,  Brendan Lucier and Ricardo Perez-Truglia.  The idea was to introduce computer scientists engaged with economics to new areas of economics they have not traditionally studied.  Here are my slides on optimal taxation and on selection markets.

ECON 24210/40501 Price Theory and Market Design (University of Chicago)

This is a joint undergraduate (24210) and graduate course (40501) that seeks to show the unity of classical Marshallian price theory with topics of recent interest in industrial organization, public finance, international trade and particularly the design of social institutions.  The course forms the first part the “Market Design” sequence in the graduate program and covers theory.  In that sequence it is followed by courses by my colleagues Brent Hickman, who will focus on empirical methods, and Eric Budish, who will focus on applications. More information about the course, including readings, is available on its Chalk site.

Julie Mehretu, Excerpt (Suprematist Evasion), (2003)

Julie Mehretu, Excerpt (Suprematist Evasion), (2003)

Slides and video associated with each lecture will be posted below as they become available.

  1. Introduction (video)
  2. Firm Supply and Duration (video)
  3. Industry Supply and Rents (video)
  4. Equilibrium and Trade (video)
  5. Centralization v. Decentralization (video)
  6. Payment in Accordance with Product (video)
  7. Assessing Externalities (video)
  8. Monopoly (video)
  9. Regulation (video)
  10. Product Design (video)
  11. Price Discrimination (video)
  12. Intellectual Property (video)
  13. Oligopoly (video)
  14. Competition Policy (video)
  15. Redistribution (video)
  16. Public Goods and Social Choice (video)
  17. Quadratic Voting (video)

ECON 20110/LAWS99305 Elements of Economic Analysis II (Honors) (University of Chicago)

ECON20110 is the honors section of Elements of Economic Analysis II at Chicago.  The class is cross-listed with the Law School as LAWS99305.  As in all of my classes, compared to other economics courses this will focus more on applications, particularly to policy analysis and design, will be more humanistic and less mathematical, will emphasize price theory and particularly monopoly theorry,  will put less emphasis on game theory and general equilibrium theory and will require more writing than is standard in economics courses.  More information is available on the course’s Chalk site. The course shares a number of course notes with ECON24210/40501, which are available above.

Julie Mehretu, Back to Gondwanaland (2000)

Julie Mehretu, Back to Gondwanaland (2000)

Slides associated with each lecture will be posted below as they become available.

  1. Introduction (video)
  2. Theory of the Firm (video)
  3. Cost (video)
  4. Firm Supply and Duration (video)
  5. Industry Supply and Rents (video)
  6. Perfect Competition (video)
  7. Payment in Accordance with Product (video)
  8. Assessing Externalities (video)
  9. Monopoly (video)
  10. Regulation (video)
  11. Price Discrimination (video)
  12. Intellectual Property (video)
  13. Redistribution (video)
  14. Oligopoly (video)
  15. Competition Policy (video)
  16. Public Goods (video)
  17. Democracy Squared (video)

ECON 4257 Advanced Theory of Price and Market Structure (Universidad de Los Andes)

I am giving this course at the Universidad de los Andes under the name Teoría Avanada de Precios y Estructuras del Mercado.  It consist of ten, three-hour long lectures.  I have posted below the syllabus and course information for the class, two course notes not included in my Elements II class and will post lecture slides as they become available.

Julie Mehretu, Easy Dark (2007)

Julie Mehretu, Easy Dark (2007)

  1. Rationality and the Foundations of Economics (video)
  2. Supply (video)
  3. Equilibrium (video)
  4. Externalities (video)
  5. Monopoly, Incidence and Regulation (video)
  6. Product Pricing and Design (video)
  7. Bilateral Monopoly
  8. Oligopoly (video)
  9. Welfare Economics and Redistribution (video)
  10. Public Goods and Social Choice

ECON 30100 Price Theory (University of Chicago)

I gave three lectures in Gary Becker and Kevin Murphy’s Price Theory class this fall on The Theory of Monopoly (video), Decision Theory (video) and Product Design (video).  Click here for a reading list associated with these lectures.  I also gave  a guest lecture on Payment in Accordance with Product (externalities) in the winter continuation of the same class.  The associated readings are available here.

ECON 20100 Elements of Economic Analysis II (University of Chicago)

I taught two sections of ECON 20100 this fall; one was a “Turbo” section that moved faster and covered a bit more material than the other.  Both sections will focused more on applications, particularly to policy analysis and design, were more humanistic and less mathematical, emphasized price theory and particularly monopoly thoery, had less emphasis on game theory and general equilibrium theory and required more writing than is standard in economics courses.  More information is available on the course’s Chalk site.

Julie Mehretu, Grey Space (Distractor) (2006)

Julie Mehretu, Grey Space (Distractor) (2006)

Slides and video associated with each lecture are posted below:

  1. Introduction (Turbo) (Turbo video) (Regular) (Regular video)
  2. Theory of the Firm (Turbo) (Turbo video) (Regular) (Regular video)
  3. Cost (Turbo) (Regular)
  4. Supply and Duration (Turbo) (Turbo video) (Regular) (Regular video)
  5. Industry Supply and Rents (Turbo) (Turbo video) (Regular) (Regular video)
  6. Perfect Competition (Turbo) (Turbo video) (Regular) (Regular video)
  7. Payment in Accordance with Product (Turbo) (Turbo video) (Regular)
  8. Assessing Externalities (Turbo) (Turbo video) (Regular) (Regular video)
  9. Basic Monopoly Theory (Turbo) (Turbo video) (Regular) (Regular video)
  10. Price Discrimination (Turbo) (Turbo video) (Regular) (Regular video)
  11. Redistribution (Turbo) (Turbo video) (Regular) (Regular video)
  12. Regulation (Turbo) (Turbo video) (Regular) (Regular video)
  13. Intellectual Property (Turbo) (Turbo video) (Regular) (Regular video)
  14. Product Design (Turbo) (Turbo video) (Regular) (Regular video)
  15. Oligopoly (Turbo) (Turbo video) (Regular) (Regular video)
  16. Competition Policy (Turbo) (Turbo video) (Regular) (Regular video)
  17. Public Goods (Turbo) (Turbo video) (Regular) (Regular video)
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