industrial organization

Oct 12 2020

Operations Research and the Rise of Applied Game Theory – A Nobel for Milgrom and Wilson

afinetheorem

Today’s Nobel Prize to Paul Milgrom and Robert Wilson is the capstone of an incredibly fruitful research line which began in the 1970s in a few small departments of Operations Research. Game theory, or the mathematical study of strategic interaction, dates back to work by Zermelo, Borel and von...

mechanisms industrial organization information econ history of economic thought decision theory classics auctions/allocations

May 24 2020

Alberto Alesina and Oliver Williamson: Taking Political and Economic Frictions Seriously

afinetheorem

Very sad news this week for the economics community: both Oliver Williamson and Alberto Alesina have passed away. Williamson has been in poor health for some time, but Alesina’s death is a greater shock: he apparently had a heart attack while on a hike with his wife, at the young age of 63....

political economy bargaining macroeconomics industrial organization information econ theory of the firm history of economic thought classics