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John Geanakoplos
John Geanakoplos (born March 18, 1955) is an American economist, and the current James Tobin Professor of Economics at Yale University. Background and education John Geanakoplos was born to a Greek-American family of scholars. His father was the late Professor Emeritus at Yale Deno Geanakoplos ( el, Κωνσταντίνος Γιαννακόπουλος), a renowned Greek-American historian of Byzantine cultural and religious history, and his mother, Effie Geanakoplos, was an instructor in psychiatry at the Yale Child Study Center. In 1970 Geanakoplos won the United States Junior Open Chess Championship. He received his B.A. in mathematics from Yale University in 1975 (summa cum laude), and his M.A. in mathematics and his Ph.D. in economics under Kenneth Arrow and Jerry Green from Harvard University in 1980. In 1980 he became an assistant professor of economics at Yale University, rising to associate professor in 1983, full professor in 1986, and the James Tobin Professor of Ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urbana, Illinois
Urbana ( ) is a city in and the county seat of Champaign County, Illinois, United States. As of the 2020 census, Urbana had a population of 38,336. As of the 2010 United States Census, Urbana is the 38th-most populous municipality in Illinois. It is included in the Champaign–Urbana metropolitan area. Urbana is notable for sharing the campus of the University of Illinois Urbana-Champaign with its twin city of Champaign. History The Urbana area was first settled by Europeans in 1822, when it was called "Big Grove".McGinty, Alice"The Story of Champaign-Urbana" Champaign Public Library When the county of Champaign was organized in 1833, the county seat was located on 40 acres of land, 20 acres donated by William T. Webber and 20 acres by Col. M. W. Busey, considered to be the city's founder, and the name "Urbana" was adopted after Urbana, Ohio, the hometown of State Senator John W. Vance, who authored the Enabling Act creating Champaign County. The creation of the new town was celeb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Equilibrium Theory
In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium. General equilibrium theory contrasts to the theory of ''partial'' equilibrium, which analyzes a specific part of an economy while its other factors are held constant. In general equilibrium, constant influences are considered to be noneconomic, therefore, resulting beyond the natural scope of economic analysis. The noneconomic influences is possible to be non-constant when the economic variables change, and the prediction accuracy may depend on the independence of the economic factors. General equilibrium theory both studies economies using the model of equilibrium pricing and seeks to determine in which circumstances the assumptions of general equilibrium will hold. The theory dates to the 1870s, particularly t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strategic Complements
In economics and game theory, the decisions of two or more players are called strategic complements if they mutually reinforce one another, and they are called strategic substitutes if they mutually offset one another. These terms were originally coined by Bulow, Geanakoplos, and Klemperer (1985). To see what is meant by 'reinforce' or 'offset', consider a situation in which the players all have similar choices to make, as in the paper of Bulow et al., where the players are all imperfectly competitive firms that must each decide how much to produce. Then the production decisions are strategic complements if an increase in the production of one firm increases the marginal revenues of the others, because that gives the others an incentive to produce more too. This tends to be the case if there are sufficiently strong aggregate increasing returns to scale and/or the demand curves for the firms' products have a sufficiently low own-price elasticity. On the other hand, the production ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeremy Bulow
Jeremy may refer to: * Jeremy (given name), a given name * Jérémy, a French given name * ''Jeremy'' (film), a 1973 film * "Jeremy" (song), a song by Pearl Jam * Jeremy (snail), a left-coiled garden snail that died in 2017 * ''Jeremy'', a 1919 novel by Hugh Walpole See also * * * Jeremiah (other) * Jeremie (other) * Jerome (other) Jerome (c.347–420) was a priest, confessor, theologian and historian from Dalmatia. Jerome may also refer to: People Given name * Jerome (given name), a masculine name of Greek origin, with a list of people so named * Saint Jerome (disambigu ... * Jeromy (other) {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Klemperer
Paul David Klemperer FBA (born 15 August 1956) is an economist and the Edgeworth Professor of Economics at the Department of Economics, Oxford University. He is a member of the Klemperer family. He works on industrial economics, competition policy, auction theory, and climate change economics and policy. Having lived his early life in the Midlands where he attended the independent King Edward's School, Birmingham, Klemperer went on to gain an engineering degree from Cambridge University, and an MBA and an economics PhD from Stanford University. He was elected John Thomson Fellow and tutor of St Catherine's College, Oxford in 1984, and a professorial fellow of Nuffield College, Oxford in 1995, when he became Edgeworth Professor of Economics in succession to Nobel Prize winner James Mirrlees. He was a member of the UK Competition Commission from 2001–5. He was elected a fellow of the Econometric Society in 1994, a fellow of the British Academy in 1999, and a foreign honorary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ellington Management Group
Ellington Management Group is a multi-billion dollar hedge fund operation. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments. History The firm was co-founded in 1994 by Mike Vranos and Laurence Penn with funding from Ziff brothers investments. By the end of 1995 the firm had become a three-fund operation with a variety of assets. Ellington was affected by the Long-Term Capital Management debacle in 1998. For a few days in mid-October, the firm sold mortgage securities to lower its funds' leverage. The firm issued a public statement describing its borrowings to quell public fears, which was considered unusual for hedge funds at the time. It clarified that although it was meeting margin calls by unloading hundreds of millions of dollars in assets over a two-day period, losses were limited. One report suggests some of Ellington's hedge funds may have temporarily lost around 25% of their value as they liquidated $2 bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kidder, Peabody & Co
Kidder, Peabody & Co. was an American securities firm, established in Massachusetts in 1865. The firm's operations included investment banking, brokerage, and trading. The firm was sold to General Electric in 1986. Following heavy losses, it was subsequently sold to PaineWebber in 1994. After the acquisition by PaineWebber, the Kidder Peabody name was dropped, ending the firm's 130-year presence on Wall Street. Most of what was once Kidder Peabody is now part of UBS AG, which acquired PaineWebber in November 2000. History Early history Kidder, Peabody & Co. was established in April 1865 by Henry P. Kidder, Francis H. Peabody, and Oliver W. Peabody. The firm was formed via reorganization of its predecessor company, J.E. Thayer & Brother, where the three founders had previously worked as clerks. Kidder Peabody acted as a commercial bank, investment bank, and merchant bank. The firm had an active securities business, dealing in treasury bonds and municipal bonds, as well as co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Pennsylvania
The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universities by numerous organizations and scholars. While the university dates its founding to 1740, it was created by Benjamin Franklin and other Philadelphia citizens in 1749. It is a member of the Ivy League. The university has four undergraduate schools as well as twelve graduate and professional schools. Schools enrolling undergraduates include the College of Arts and Sciences, the School of Engineering and Applied Science, the Wharton School, and the School of Nursing. Among its highly ranked graduate schools are its law school, whose first professor wrote the first draft of the United States Constitution, its medical school, the first in North America, and Wharton, the first collegiate business school. Penn's endowment is US$20.7 billi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Churchill College, Cambridge
Churchill College is a constituent college of the University of Cambridge, England. It has a primary focus on science, engineering and technology, but still retains a strong interest in the arts and humanities. In 1958, a trust was established with Sir Winston Churchill as its chairman of trustees, to build and endow a college for 60 fellows and 540 students as a national and Commonwealth memorial to Winston Churchill; its Royal Charter and Statutes were approved by the Queen, in August 1960. It is situated on the outskirts of Cambridge, away from the traditional centre of the city, but close to the University's main new development zone (which now houses the Centre for Mathematical Sciences). It has of grounds, the largest area of the Cambridge colleges. Churchill was the first formerly all-male college to decide to admit women, and was among three men's colleges to admit its first women students in 1972. Within 15 years all others had followed suit. The college has a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of California, Berkeley
The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant university and the founding campus of the University of California system. Its fourteen colleges and schools offer over 350 degree programs and enroll some 31,800 undergraduate and 13,200 graduate students. Berkeley ranks among the world's top universities. A founding member of the Association of American Universities, Berkeley hosts many leading research institutes dedicated to science, engineering, and mathematics. The university founded and maintains close relationships with three national laboratories at Berkeley, Livermore and Los Alamos, and has played a prominent role in many scientific advances, from the Manhattan Project and the discovery of 16 chemical elements to breakthroughs in computer science and genomics. Berkeley i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
