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{{Infobox economist
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'''Eric Stark Maskin''' (born December 12, 1950) is an [[United States|American]] [[economist]] and 2007 [[Nobel laureate]] recognized with [[Leonid Hurwicz]] and [[Roger Myerson]] "for having laid the foundations of [[mechanism design]] theory".<ref>{{cite press release |url=http://nobelprize.org/nobel_prizes/economics/laureates/2007/press.html |title=The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007 |date=October 15, 2007 |accessdate=2008-08-15 |publisher=[[Nobel Foundation]]}}</ref> He is the Adams University Professor at [[Harvard University]]. Until 2011, he was the [[Albert O. Hirschman]] Professor of Social Science at the [[Institute for Advanced Study]], and a visiting lecturer with the rank of professor at [[Princeton University]].<ref name="dp">[http://www.dailyprincetonian.com/archives/2007/10/16/news/19009.shtml Economics professor wins Nobel – The Daily Princetonian<!--Bot-generated title-->] {{webarchive|url=https://web.archive.org/web/20071017151649/http://www.dailyprincetonian.com/archives/2007/10/16/news/19009.shtml|date=October 17, 2007}}</ref>
'''Eric Stark Maskin''' (born December 12, 1950) is an [[United States|American]] [[economist]] and 2007 [[Nobel laureate]] recognized with [[Leonid Hurwicz]] and [[Roger Myerson]] "for having laid the foundations of [[mechanism design]] theory".<ref>{{cite press release |url=http://nobelprize.org/nobel_prizes/economics/laureates/2007/press.html |title=The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007 |date=October 15, 2007 |accessdate=2008-08-15 |publisher=[[Nobel Foundation]]}}</ref> He is currently [[Harvard University Professor|Adams University Professor]] and Professor of Economics and Mathematics at [[Harvard University]].


Until 2011, he was the [[Albert O. Hirschman]] Professor of Social Science at the [[Institute for Advanced Study]], and a visiting lecturer with the rank of professor at [[Princeton University]].<ref name="dp">[http://www.dailyprincetonian.com/archives/2007/10/16/news/19009.shtml Economics professor wins Nobel – The Daily Princetonian<!--Bot-generated title-->] {{webarchive|url=https://web.archive.org/web/20071017151649/http://www.dailyprincetonian.com/archives/2007/10/16/news/19009.shtml|date=October 17, 2007}}</ref>
==Biography==

⚫
Maskin was born in [[New York City]] on December 12, 1950, into a Jewish family, and spent his youth in [[Alpine, New Jersey|Alpine]], New Jersey. He graduated from [[Tenafly High School]] in [[Tenafly, New Jersey|Tenafly]], New Jersey, in 1968,<ref>[http://www.tenaflynj.org/filestorage/68/470/10-October_15.pdf Minutes of Library Board Meeting] {{webarchive|url=https://web.archive.org/web/20080626040032/http://www.tenaflynj.org/filestorage/68/470/10-October_15.pdf |date=2008-06-26 }}, Tenafly Public Library, dated October 15, 2007. Accessed January 22, 2008.</ref> and attended [[Harvard University]], where he earned [[Bachelor of Arts|A.B.]]. He continued to earn a [[Doctor of Philosophy|Ph.D.]] in applied mathematics at the same institution. In 1975-76, he was a visiting student at [[Darwin College, Cambridge|Darwin College]], Cambridge University. In 1976, after earning his doctorate, Maskin became a research fellow at [[Jesus College, Cambridge|Jesus College]], Cambridge University. In the following year, he joined the faculty at [[Massachusetts Institute of Technology]]. In 1985 he returned to Harvard as the Louis Berkman Professor of Economics, where he remained until 2000. That year, he moved to the [[Institute for Advanced Study]] in [[Princeton, New Jersey|Princeton]], New Jersey. In addition to his position at the Princeton Institute, Maskin is the director of the Jerusalem Summer School in Economic Theory at [[The Institute for Advanced Studies at The Hebrew University of Jerusalem]].<ref>{{Cite web | url=http://www.as.huji.ac.il/schools/econ23 | title=The 23rd Jerusalem School in Economic Theory - Intertemporal Public Economics &#124; the Institute for Advanced Studies}}</ref> In 2010, he was conferred an Honorary Doctoral Degree in Economics from The [[University of Cambodia]].<ref>{{Cite web|url=http://uc.edu.kh/ucb/List%20of%20Honorary%20Doctorates%20(2004%20-%202014)/2015-07-22%2006:45:24/1889/|title=Welcome to The University of Cambodia (UC)|website=uc.edu.kh|access-date=2018-05-07}}</ref> In 2011, Maskin has returned to [[Harvard University|Harvard]] again.<ref>http://www.thecrimson.com/article/2011/10/25/Maskin-Economics-Princeton/.</ref>
==Early life and education==
Maskin was born in [[New York City]] on December 12, 1950, into a Jewish family, and spent his youth in [[Alpine, New Jersey|Alpine]], New Jersey. He graduated from [[Tenafly High School]] in [[Tenafly, New Jersey|Tenafly]], New Jersey, in 1968.<ref>[http://www.tenaflynj.org/filestorage/68/470/10-October_15.pdf Minutes of Library Board Meeting] {{webarchive|url=https://web.archive.org/web/20080626040032/http://www.tenaflynj.org/filestorage/68/470/10-October_15.pdf |date=2008-06-26 }}, Tenafly Public Library, dated October 15, 2007. Accessed January 22, 2008.</ref> In 1972, he graduated with [[Bachelor of Arts|A.B.]] in Mathematics from [[Harvard College]], the undergraduate [[liberal arts college]] of [[Harvard University]]. In 1974, he earned [[Master of Arts|A.M.]] in Applied Mathematics and in 1976 earned a [[Doctor of Philosophy|Ph.D.]] in applied mathematics, both at [[Harvard University]].

⚫
In 1975-76, he was a visiting student at [[Darwin College, Cambridge|Darwin College]], Cambridge University. In 1976, after earning his doctorate, Maskin became a research fellow at [[Jesus College, Cambridge|Jesus College]], Cambridge University. In the following year, he joined the faculty at [[Massachusetts Institute of Technology]]. In 1985 he returned to Harvard as the Louis Berkman Professor of Economics, where he remained until 2000. That year, he moved to the [[Institute for Advanced Study]] in [[Princeton, New Jersey|Princeton]], New Jersey. In addition to his position at the Princeton Institute, Maskin is the director of the Jerusalem Summer School in Economic Theory at [[The Institute for Advanced Studies at The Hebrew University of Jerusalem]].<ref>{{Cite web | url=http://www.as.huji.ac.il/schools/econ23 | title=The 23rd Jerusalem School in Economic Theory - Intertemporal Public Economics &#124; the Institute for Advanced Studies}}</ref> In 2010, he was conferred an Honorary Doctoral Degree in Economics from The [[University of Cambodia]].<ref>{{Cite web|url=http://uc.edu.kh/ucb/List%20of%20Honorary%20Doctorates%20(2004%20-%202014)/2015-07-22%2006:45:24/1889/|title=Welcome to The University of Cambodia (UC)|website=uc.edu.kh|access-date=2018-05-07}}</ref> In 2011, Maskin has returned to [[Harvard University|Harvard]] again.<ref>http://www.thecrimson.com/article/2011/10/25/Maskin-Economics-Princeton/.</ref>


Maskin has worked in diverse areas of [[economic theory]], such as [[game theory]], the economics of incentives, and contract theory. He is particularly well known for his papers on [[mechanism design]]/[[implementation theory]] and [[dynamic game]]s. His current research projects include comparing different electoral rules, examining the causes of inequality, and studying coalition formation. He is a Fellow of the ''[[American Academy of Arts and Sciences]]'', ''[[Econometric Society]]'', and the ''European Economic Association'', and a Corresponding Fellow of the ''[[British Academy]]''. He was president of the ''Econometric Society'' in 2003.
Maskin has worked in diverse areas of [[economic theory]], such as [[game theory]], the economics of incentives, and contract theory. He is particularly well known for his papers on [[mechanism design]]/[[implementation theory]] and [[dynamic game]]s. His current research projects include comparing different electoral rules, examining the causes of inequality, and studying coalition formation. He is a Fellow of the ''[[American Academy of Arts and Sciences]]'', ''[[Econometric Society]]'', and the ''European Economic Association'', and a Corresponding Fellow of the ''[[British Academy]]''. He was president of the ''Econometric Society'' in 2003.
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[[Category:Harvard University alumni]]
[[Category:Harvard University faculty]]
[[Category:Harvard University faculty]]

Revision as of 09:00, 11 February 2020

·

Eric Maskin
Maskin in 2009
Born (1950-12-12) December 12, 1950 (age 74)
New York City, New York USA
NationalityUnited States
Academic career
FieldGame theory
InstitutionHarvard University
Institute for Advanced Study
Massachusetts Institute of Technology
Princeton University
University of Cambridge
Alma materHarvard University
Doctoral
advisor		Kenneth Arrow
Doctoral
students		Abhijit Banerjee
Drew Fudenberg[1]
Robert W. Vishny[2]
Mathias Dewatripont
David S. Scharfstein
Jean Tirole
ContributionsMechanism design
AwardsNobel Memorial Prize (2007)
Information at IDEAS / RePEc

Eric Stark Maskin (born December 12, 1950) is an American economist and 2007 Nobel laureate recognized with Leonid Hurwicz and Roger Myerson "for having laid the foundations of mechanism design theory".[3] He is currently Adams University Professor and Professor of Economics and Mathematics at Harvard University.

Until 2011, he was the Albert O. Hirschman Professor of Social Science at the Institute for Advanced Study, and a visiting lecturer with the rank of professor at Princeton University.[4]

Early life and education

Maskin was born in New York City on December 12, 1950, into a Jewish family, and spent his youth in Alpine, New Jersey. He graduated from Tenafly High School in Tenafly, New Jersey, in 1968.[5] In 1972, he graduated with A.B. in Mathematics from Harvard College, the undergraduate liberal arts college of Harvard University. In 1974, he earned A.M. in Applied Mathematics and in 1976 earned a Ph.D. in applied mathematics, both at Harvard University.

In 1975-76, he was a visiting student at Darwin College, Cambridge University. In 1976, after earning his doctorate, Maskin became a research fellow at Jesus College, Cambridge University. In the following year, he joined the faculty at Massachusetts Institute of Technology. In 1985 he returned to Harvard as the Louis Berkman Professor of Economics, where he remained until 2000. That year, he moved to the Institute for Advanced Study in Princeton, New Jersey. In addition to his position at the Princeton Institute, Maskin is the director of the Jerusalem Summer School in Economic Theory at The Institute for Advanced Studies at The Hebrew University of Jerusalem.[6] In 2010, he was conferred an Honorary Doctoral Degree in Economics from The University of Cambodia.[7] In 2011, Maskin has returned to Harvard again.[8]

Maskin has worked in diverse areas of economic theory, such as game theory, the economics of incentives, and contract theory. He is particularly well known for his papers on mechanism design/implementation theory and dynamic games. His current research projects include comparing different electoral rules, examining the causes of inequality, and studying coalition formation. He is a Fellow of the American Academy of Arts and Sciences, Econometric Society, and the European Economic Association, and a Corresponding Fellow of the British Academy. He was president of the Econometric Society in 2003.

In 2014, Maskin was appointed as a visiting professor at Covenant University, Nigeria.[9]

In September 2017, Maskin received the title of HEC Paris Honoris Causa Professor.[10][11]

Software patents

Maskin suggested that software patents inhibit innovation rather than stimulate progress. Software, semiconductor, and computer industries have been innovative despite historically weak patent protection, he argued. Innovation in those industries has been sequential and complementary, so competition can increase firms' future profits. In such a dynamic industry, "patent protection may reduce overall innovation and social welfare". A natural experiment occurred in the 1980s when patent protection was extended to software", wrote Maskin with co-author James Bessen. "Standard arguments would predict that R&D intensity and productivity should have increased among patenting firms. Consistent with our model, however, these increases did not occur". Other evidence supporting this model includes a distinctive pattern of cross-licensing and a positive relationship between rates of innovation and firm entry.[12]

See also

References

  1. ^ Fudenberg, Drew (1981), Strategic behavior in economic rivalry. Ph.D. dissertation, Massachusetts Institute of Technology.
  2. ^ Vishny, Robert W. (1985). Informational aspects of securities markets (Ph.D.). MIT. Retrieved April 5, 2018.
  3. ^ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007" (Press release). Nobel Foundation. October 15, 2007. Retrieved 2008-08-15.
  4. ^ Economics professor wins Nobel – The Daily Princetonian Archived October 17, 2007, at the Wayback Machine
  5. ^ Minutes of Library Board Meeting Archived 2008-06-26 at the Wayback Machine, Tenafly Public Library, dated October 15, 2007. Accessed January 22, 2008.
  6. ^ "The 23rd Jerusalem School in Economic Theory - Intertemporal Public Economics | the Institute for Advanced Studies".
  7. ^ "Welcome to The University of Cambodia (UC)". uc.edu.kh. Retrieved 2018-05-07.
  8. ^ http://www.thecrimson.com/article/2011/10/25/Maskin-Economics-Princeton/.
  9. ^ Alabi, Mojeed (16 July 2014). "Nobel laureate joins Covenant varsity". New Telegraph. Lagos, Nigeria. Archived from the original on 11 August 2014.
  10. ^ Paris, HEC. "Nobel Prize Eric MASKIN Conference on "Improving French and American presidential elections"". HEC Paris. Retrieved 2018-04-02.
  11. ^ "HEC PARIS HONORIS CAUSA PROFESSOR 2017 REWARDS LIFELONG WORK OF NOBEL LAUREATE ERIC MASKIN". HEC Paris. Oct 12, 2017. Retrieved 10 November 2019.
  12. ^ Bessen, J.; Maskin, E. (2009). "Sequential innovation, patents, and imitation" (PDF). The RAND Journal of Economics. 40 (4): 611. doi:10.1111/j.1756-2171.2009.00081.x.
Wikiquote has quotations related to Eric Maskin.
Awards
Preceded by Laureate of the Nobel Memorial Prize in Economics
2007
Served alongside: Leonid Hurwicz, Roger B. Myerson 		Succeeded by
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