JERRY RICHARD GREEN



Born December 15, 1946, New York City
Married to Pamela S. Green

EDUCATION

1970 Ph.D. (economics), University of Rochester
1970 M.A. (economics), University of Rochester
1967 A.B. (mathematics), University of Rochester

ACADEMIC POSITIONS AT HARVARD UNIVERSITY

1994- : John Leverett Professor in the University
1992-1994: Provost of the University
1987- : David A. Wells Professor of Political Economy
1984-1987: Chair, Department of Economics
1978-1987: Professor of Economics
1973-1978: Associate Professor of Economics
1970-1973: Assistant Professor of Economics

VISITING APPOINTMENTS

1997 Institute dé Economie Industrielle, Universite de Toulouse, France
1989 University of Canterbury, New Zealand
1983 Ecole des Hautes Etudes en Sciences Sociales, Paris
1980 Center for Advanced Study in the Behavioral Sciences, Stanford, California
1979 Churchill College, Cambridge University, Cambridge, England
1976 Ecole Polytechnique, Centre Nationale de la Recherche Scientifique, Paris
1973 Hebrew University, Jerusalem
1971 Center for Operations Research and Econometrics, Universite de Louvain, Belgium

FELLOWSHIPS AND AWARDS

1994 Fellow of the American Academy of Arts and Sciences
1989 Erskine Fellow, University of Canterbury, New Zealand
1987 John Simon Guggenheim Memorial Fellowship
1984 Distinguished Alumnus Award, University of Rochester
1980 J.K. Galbraith Award for Teaching in Economics
1978 M.A. (hon.), Harvard University
1975 Fellow of the Econometric Society
1974 Overseas Fellow of Churchill College, Cambridge University
1971 National Science Foundation Postdoctoral Fellow
1969 Woodrow Wilson Foundation Dissertation Fellow

ACADEMIC ACTIVITIES AT HARVARD UNIVERSITY

1995- : Committee on Higher Degrees in Public Policy
1993- : University Committee on Mind, Brain, and Behavior
1992- : University Committee on the Environment
1992-1996: Harvard University Business School Publishing Group, Editorial Board
1991- : Committee on Higher Degrees in Health Policy
1992-1997: Harvard University Press, Board of Directors
1991-1992, 1995- : Committee on Athletic Sports
1989-1991: Hoopes Prize Committee
1988-1991: Sloan Foundation Workshop on Risk and Risk-Bearing in the American Economy, Director
1988-1992: Harvard University Press, Board of Syndics
1988- : Lowell House, Associate
1983-1992: Committee on Professional Conduct, Chairman, 1989-1992
1984-1992: Harvard Economic Studies, Chairman
1984-1992: Committee on Research Policy, Faculty of Arts and Sciences
1982: Faculty Council of the Faculty of Arts and Sciences
1974-1976: Currier House, Resident Tutor

PROFESSIONAL ACTIVITIES OUTSIDE HARVARD UNIVERSITY

Visiting and Advisory Committees to the following economics departments and related schools and divisions:

    1996 University of California at San Diego
    1993 Cornell University
    1989 Columbia University
    1989 State University of New York at Buffalo
    1988 Southern Methodist University
    1987 Duke University
    1986 Northwestern University
    1995 Comsat Corporation, consultant
    1994 The World Bank, consultant
    1988-1989: Russell Sage Foundation, Behavioral Economics Group, Advisor
    1988-1994: The Econometric Society, Member of the Council
    1984-1986: National Academy of Sciences, Panel on Taxpayer Compliance
    1983-1984: National Science Foundation, Ten-Year Outlook in the Social Sciences, Subpanel on Economics
    1980-1981: National Science Foundation, Information Science Advisory Panel, Chairman
    1978- : National Bureau of Economic Research, Research Associate
    1976, 1981: Yjro Janhsson Foundation, Helsinki, Invited Lecturer
    1975, 1978: The Econometric Society, North American Meetings, Program Chairman

EDITORIAL BOARDS OF PROFESSIONAL PUBLICATIONS

1978-1992: Economics Letters, Founder and Editor
1987- : Journal of Risk and Uncertainty, Advisory Editor
1986-1991: Journal of Accounting, Auditing, and Finance, Editorial Board
1975-1981: Econometrica, Associate Editor
1973-1989: Springer-Verlag Lecture Notes in Economics and Mathematical Systems, Associate Editor
1972-1980: Quarterly Journal of Economics, Associate Editor

NON-ACADEMIC ACTIVITES

1996- : Beth Israel Deaconness Medical Center, Trustee, Finance Committee
1993-1996: Beth Israel Hospital of Boston, Board of Directors
Committees: Budget and Finance, Quality of Care, Conflict of Interest Policy (chair)
1991- : United States Golf Association, Sectional Affairs Committee
1989- : Massachusetts Golf Association, Championship Committee, Executive Committee (1996-)
1982- : Harvard-Radcliffe Hillel, Board of Directors, Executive Committee (1996- )
Licensed private pilot, instrument rated

RESEARCH PUBLICATIONS AND PAPERS

  1. 1969 The Effect of the Tariff on Iron in the United States, 1847-1859: The Estimation of a General Equilibrium System with Non-traded Goods, to appear in The Growth of the American Iron Industry, 1800-1860, A Statistical Reconstruction, R. Fogel and S. Engerman (eds.).

  2. 1971 A Simple General Equilibrium Model of the Term Structure of Interest Rates, Harvard Institute for Economic Research Discussion Paper No. 183, (March 1971).

  3. Stochastic Equilibrium: A Stability Theorem and Application, Stanford University, Institute for Mathematical Studies in the Social Sciences Technical Report No. 46, (August 1971).

  4. 1972 On the Inequitable Nature of Core Allocations, Journal of Economic Theory, 4:2, (March 1972).

  5. The Question of Collective Rationality in Professor Gale's Model of Trade Imbalance, Journal of International Economics, 2:1, (February 1972).

  6. 1973 Temporary General Equilibrium in a Sequential Trading Model with Spot and Futures Transactions, Econometrica, 41:6, (November 1973).

  7. Information, Efficiency and Equilibrium, Harvard Institute of Economic Research Discussion Paper No. 284, (March 1973).

  8. Notes on Expectations Equilibria in Bayesian Settings (with Kenneth Arrow), Institute for Mathematical Studies in the Social Sciences Working Paper, No. 33, (August 1973).

  9. 1974 The Stability of Edgeworth's Recontracting Process, Econometrica, 42:2, (January 1974).

  10. Pre-existing Contracts and Temporary General Equilibrium, in Essays on Uncertainty in Economics, M. Balch, D. McFadden, and S.Wu, (eds.) North-Holland, Amsterdam.

  11. 1975 The Nature of Stochastic Equilibria (with Mukul Majumdar), Econometrica, 43:4, (July 1975), 647-660.

  12. A Note on the Progressivity of Optimal Public Expenditures (with Eytan Sheshinski), Quarterly Journal of Economics, 89:1, (February 1975).

  13. Competitive Efficiencies in the Presence of Constrained Transactions (with Eytan Sheshinski), Journal of Economic Theory, 10:3, (June 1975).

  14. 1976 A Brief Note on the Efficiency of Equilibria with Costly Transactions (with Heraklis Polemarchakis), The Review of Economic Studies, 43:3, (October 1976), 537-542.

  15. On the Optimal Structure of Liability Laws, The Bell Journal of Economics, 7:2, (Autumn 1976), 553-574.

  16. Direct vs. Indirect Remedies for Externalities (with Eytan Sheshinski), Journal of Political Economy, 84:4, Part 1, (August 1976).

  17. Partial Equilibrium Approach to the Free-Rider Problem (with Elon Kohlberg and Jean-Jacques Laffont), Journal of Public Economics, 6:4, (November 1976), 375-394.

  18. On the Economics of Information with Incomplete Markets, Systemes Dynamiques et Modeles Economiques, Colloques Internationaux du Centre National de la Recherche Scientifique, No. 259, (July 1976), 165-179.

  19. 1977 On the Revelation of Preferences for Public Goods (with Jean-Jacques Laffont), Journal of Public Economics, 8:1, (August 1976), 79-93.

  20. Characterization of Satisfactory Mechanisms for the Revelation of Preferences for Public Goods (with Jean-Jacques Laffont), Econometrica, 45:2, (March 1977), 427-438.

  21. The Nonexistence of Informational Equilibria, The Review of Economic Studies, 44:3, (October 1977), 451-463.

  22. Budget Displacement Effects of Inflationary Finance (with Eytan Sheshinski), American Economic Review, 67:4, (September 1977), 671-682.

  23. Revelation des Preferences pour les Biens Publics: Characterisation des Mechanismes Satisfaisants (with Jean-Jacques Laffont), Cahiers du Seminaire d'Econometrie, Centre National de la Recherche Scientifique, Paris, 19, 83-103.

  24. Imperfect Personal Information and the Demand Revealing Process: A Sampling Approach (with Jean-Jacques Laffont), Public Choice, 29:2, (Special Supplement to Spring 1977), 79-94.

  25. Cost Benefit Analysis of Surgery: Some Additional Caveats and Interpretation, in Costs, Risks and Benefits of Surgery, J. Bunker, B. Barnes and F. Mosteller (eds.), Oxford University Press, New York.

  26. Mitigating Demographic Risk Through Social Insurance, National Bureau of Economics Research, Working Paper No. 215, (November 1977).

  27. 1978 Inflation and Taxes in a Growing Economy with Debt and Equity Finance (with Martin Feldstein and Eytan Sheshinski), Journal of Political Economy, 86:2, Part 2, S53-70.

  28. Satisfactory Mechanisms for Environments with Consumption Lower Bounds (with Jean-Jacques Laffont), Journal of Economic Theory, 19:2, (December 1978), 359-375.

  29. Sampling Approach to the Free-Rider Problem (with Jean-Jacques Laffont), in Essays in Public Economics, A. Sandmo (ed.), Lexington Books, D.C. Heath and Company, 95-114.

  30. An Incentive Compatible Planning Procedure for Public Good Production (with Jean-Jacques Laffont), The Scandinavian Journal of Economics, 80:1, 20-33.

  31. Medical Malpractice and the Propensity to Litigate, in The Economics of Medical Malpractice, S. Rottenberg (ed.), American Enterprise Institute, Washington, 193-210.

  32. Optimal Capital Gains Taxation under Limited Information (with Eytan Sheshinski), Journal of Political Economy, 86:6, 1143-1158.

  33. Physician-Induced Demand for Medical Care, The Journal of Human Resources, 13, Supplement, 21-34.

  34. Two Representations of Information Structures and Their Comparisons (with Nancy Stokey), Institute for Mathematical Studies in the Social Sciences, Technical Report No. 271, Stanford University, (September 1978).

  35. The Taxation of Capital Gains, in Federal Tax Reform: Myths and Realities, Institute for Contemporary Studies, San Francisco, 1978.

  36. A Theorem on the Identifiability of the von Neumann-Morgenstern Utility Function from Asset Demands (with Lawrence J. Lau and Heraklis M. Polemarchakis), Economics Letters, 1:3, 217-220.

  37. Sequential Structure of Futures of Futures Markets and the Value of Improving Information: An Example, Economics Letters, 1:1, 29-32.

  38. Some Aspects of the Foundations of General Equilibrium Theory: The Posthumous Papers of Peter J. Kalman, Jerry R. Green, editor, Springer-Verlag Lecture Notes in Economics and Mathematical Systems, No. 159, Heidelberg, 1978.

  39. 1979 On Coalition Incentive Compatibility (with Jean-Jacques Laffont), Review of Economics Studies, 46:2, (April 1979), 243-254.

  40. Approximating the Efficiency Gain of Tax Reforms (with Eytan Sheshinski), Journal of Public Economics, 11:2, (April 1979), 179-195.

  41. Corporate Financial Policy and Taxation in a Growing Economy (with Martin Feldstein and Eytan Sheshinski), Quarterly Journal of Economics 93:3, (August 1979), 411-432.

  42. Incentives in Public Decision Making (with Jean-Jacques Laffont), North-Holland, Amsterdam.

  43. An Incentive Compatible Planning Procedure for Public Good Production: A Corrigendum (with Jean-Jacques Laffont), The Scandinavian Journal of Economics, 81, 443-444.

  44. Identifiability of the von Neumann-Morgenstern Utility Function from Asset Demands (with Lawrence J. Lau and Heraklis M. Polemarchakis), in General Equilibrium, Growth and Trade: Essays in Honor of Lionel McKenzie, J.R. Green and J. Scheinkman (eds.), Academic Press, New York.

  45. General Equilibrium, Growth and Trade: Essays in Honor of Lionel McKenzie, (co-edited with Jose Scheinkman), Academic Press, New York, 1979.

  46. 1980 Incentives in Discrete-Time MDP Processes with Flexible Step-Size (with Francoise Schoumaker), Review of Economics Studies, 47, (April 1980), 557-565.

  47. On the Theory of Effective Demand, Economic Journal, 90:358, (June 1980), 341-353.

  48. A Two-Person Game of Information Transmission (with Nancy Stokey), Harvard Institute of Economic Research Discussion Paper No. 751, (March 1980, revised December 1981).

  49. Components of Manufacturing Inventories: A Structural Model of the Production Process (with Alan J. Auerbach), Harvard Institute of Economic Research Discussion Paper No. 765, (May 1980).

  50. Taxation and the Ex-dividend Day Behavior of Common Stock Prices, Harvard Institute of Economic Research Discussion Paper No. 772, (June 1980).

  51. The Value of Information in the Delegation Problem (with Nancy Stokey), Harvard Institute of Economic Research Discussion Paper No. 776, (July 1980, revised September 1981).

  52. 1981 Value of Information with Sequential Futures Markets, Econometrica, 49:2, (March 1981), 335-358.

  53. Mathematical Analysis and Convexity with Applications to Economics, (with Walter P. Heller), in Handbook of Mathematical Economics, volume 1, K.J. Arrow and M. Intriligator (eds.), North-Holland, Amsterdam.

  54. Disequilibrium Dynamics with Inventories and Anticipatory Price-Setting (with Jean-Jacques Laffont), European Economic Review, 16, 199-221.

  55. 1982 Statistical Decision Theory Requiring Incentives for Information Transfer, in Economics of Uncertainty and Information, J.J. McCall (ed.), University of Chicago Press, Chicago.

  56. The Current Status of the Interface Between Information Science and Economics, 1982, in Research Opportunities in Information Science and Technology, National Science Foundation, Washington, D.C.

  57. The Effects of Financing Opportunities and Bankruptcy on Entrepreneurial Risk Bearing (with John B. Shoven), in Entrepreneurship, J. Ronen (ed.), Lexington Books, D.C. Heath and Company, 49-74.

  58. A Test of the Equilibrium Hypothesis Based on Inventories: A Communication (with Jean-Jacques Laffont and G. Ducos), European Economic Review, 18, 209-219.

  59. Differential Information, The Market and Incentive Compatibility, in Frontiers of Economics, S. Honkapohja (ed.), Blackwell, London.

  60. 1983 Variance-Minimizing Monetary Policies with Lagged Price Adjustment and Rational Expectations (with Seppo Honkapohja), European Economic Review, 20, 123-141.

  61. Why Do Companies Pay Dividends? (with Martin Feldstein), American Economic Review, 73:1, (March 1983), 17-30.

  62. Wage-Employment Contracts (with Charles M. Kahn), Quarterly Journal of Economics, 98, Supplement, 173-188.

  63. Bilateral Contracts (with Seppo Honkapohja), Journal of Mathematical Economics, 11:2, 171-187.

  64. A Comparison of Tournaments and Contracts (with Nancy Stokey), Journal of Political Economy, 91:3, 349-364.

  65. A Theory of Bargaining with Monetary Transfers, Harvard Institute of Economic Research Discussion Paper No. 966, (February 1983).

  66. 1984 The Riskiness of Private Pensions, in Pensions, Labor and Individual Choice, D. Wise (ed.), University of Chicago Press, Chicago.

  67. Participation Constraints in the Vickrey Auction (with Jean-Jacques Laffont), Economics Letters, 16, 31-36.

  68. 1985 Sequential Innovation and Market Structure (with Jean-Jacques Laffont), Harvard Institute of Economic Research Discussion Paper No. 1185, (October 1985).

  69. 1986 Vertical Integration and Assurance of Markets, in New Developments in the Analysis of Market Structure, J.E. Stiglitz and G.F. Mathewson (eds.), MIT Press, Cambridge, Massachusetts.

  70. Alternative Limited Communication Systems: Centralization vs. Interchange of Information (with Jean-Jacques Laffont), in Uncertainty, Information and Communication: Essays in Honor of Kenneth J. Arrow, Volume III, W.P. Heller, R.M. Starr and D.A. Starrett (eds.), Cambridge University Press, Cambridge, England.

  71. Partially Verifiable Information and Mechanism Design (with Jean-Jacques Laffont), Review of Economic Studies, 53:3, (July 1986), 447-456.

  72. The Effects of Interest Rates on Mortgage Prepayments (with John Shoven), Journal of Money, Credit and Banking, 18:1, (February 1986), 41-59.

  73. Incentive Theory with Data Compression (with Jean-Jacques Laffont), in Uncertainty, Information and Communication: Essays in Honor of Kenneth J. Arrow, Volume III, W.P. Heller, R.M. Starr and D.A. Starrett (eds.), Cambridge University Press, Cambridge, England.

  74. Price Competition with a Distribution of Switch Costs and Reservation Prices (with Suzanne Scotchmer), Harvard Institute of Economic Research Discussion Paper No. 1260, (September 1986).

  75. 1987 Making Book Against Oneself, the Independence Axiom, and Non-Linear Utility Theory, Quarterly Journal of Economics, 102, (November 1987), 785-796.

  76. Posterior Implementability in a Two-person Decision Problem (with Jean-Jacques Laffont), Econometrica, 55:1, (January 1987), 69-94.

  77. Limited Communication and Incentive-Compatibility (with Jean-Jacques Laffont), in Information, Incentives and Economic Mechanisms: Essays in Honor of Leonid Hurwicz, T. Groves, R. Radner, and S. Reiter, (eds.), University of Minnesota Press, Minneapolis.

  78. 1988 Ordinal Independence in Non-Linear Utility Theory (with Bruno Jullien), Journal of Risk and Uncertainty, 1, 355-387.

  79. Demographics, Market Failure and Social Security, in Social Security and Private Pensions: Providing for Retirement in the Twenty-first Century, S.M. Wachter (ed.), Lexington Books, Lexington, MA.

  80. 1989 Posterior Implementability, Sequential Games and International Agreements (with Jean-Jacques Laffont) in Cooperative Models in International Relations Research, M. Intriligator and F. Interbacher (eds.)

  81. 1990 Competition on Many Fronts: A Stackelberg Signalling Equilibrium (with Jean-Jacques Laffont), Games and Economic Behavior, 2, 247-272.

  82. Novelty and Disclosure in Patent Law (with Suzanne Scotchmer), RAND Journal of Economics, 21:1, (Spring 1990), 131-146.

  83. 1991 Strategic Use of Contracts with Third Parties, in Strategy and Choice, R.J. Zeckhauser (ed.), MIT Press, Cambridge.

  84. Future Graduate Study and Academic Careers, in The Economics of Higher Education, C. Clotfelter and M. Rothschild (eds.), University of Chicago Press, Chicago.

  85. 1992 Renegotiation and the Form of Efficient Contracts (with Jean-Jacques Laffont), Annales dé Economie et de Statistique, No. 25/26, 123-150.

  86. Commitments with Third Parties, Annales d'Economie et de Statistique, No. 25/26, 101-121.

  87. 1994 Non-verifiability, Costly Renegotiation and Efficiency (with Jean-Jacques Laffont), Annales d'Economie et de Statistique, No. 36, 81-95.

  88. 1995 Microeconomic Theory (with Andreu Mas-Colell and Michael Whinston), Oxford University Press, New York

  89. On the Division of Profit in Sequential Innovation (with Suzanne Scotchmer), Rand Journal of Economics, 26:1, (Spring 1995), 20-33.