The New Palgrave Dictionary of Economics Online

The Editorial Team

The comprehensive coverage of The New Palgrave Dictionary of Economics is the result of collaboration by an extraordinary team of experts in all areas of the discipline

General Editors

STEVEN N. DURLAUF is the Kenneth J. Arrow Professor of Economics at the University of Wisconsin at Madison, USA. He has served as Co-Director of the Economics Program of the Santa Fe Institute and is currently a Research Associate of the National Bureau of Economic Research. A Fellow of the Econometric Society, Durlauf's research covers a range of topics in macroeconomics, econometrics, and income inequality. He received a BA in Economics from Harvard in 1980 and his PhD in Economics from Yale in 1986.

LAWRENCE E. BLUME is Goldwin Smith Professor of Economics at Cornell University, USA. He is a member of the external faculty at the Santa Fe Institute, where he has served as Co-Director of the Economics Program and on the Institute's steering committee. He teaches and conducts research in general equilibrium theory and game theory, and also has research projects on natural resource management and network design. A Fellow of the Econometric Society, he received a BA in Economics from Washington University and a PhD in Economics from Berkeley.

Editorial Board

• Kenneth Arrow, Emeritus Professor of Economics, Stanford University, USA
• Sir Tony Atkinson, Professor of Economics, Nuffield College, University of Oxford, UK
• Richard Blundell, Professor of Economics, University College London, UK
• William Brock, Vilas Research Professor of Economics, University of Wisconsin Madison, USA
• Sir Partha Dasgupta, Professor of Economics, University of Cambridge, UK
• Peter Diamond, Institute Professor, Massachusetts Institute of Technology
• Roger Guesnerie, Delta, PARIS-Jourdan, France
• James J Heckman, Henry Schultz Distinguished Service Professor of Economics, University of Chicago, USA
• Elhanan Helpman, Galen L. Stone, Professor of International Trade, Harvard University, USA
• Takatoshi Ito, Professor of Economics, University of Tokyo, Japan
• Andreu Mas-Colell, Societat de la Informació/Universitat Pompeu Fabra, Spain
• Peter Phillips, Sterling Professor of Economics and Professor of Statistics, Yale University, USA
• Thomas Sargent, Senior Fellow, Hoover Institution and WR Berkeley Professor, New York University, USA
• Peter Temin, Economics Professor, Massachusetts Institute of Technology, USA

Associate Editors

• Roger Backhouse, University of Birmingham, UK
• Mark Bils, University of Rochester, USA
• Moshe Buchinsky, University of California Los Angeles, USA
• Gregory Clark, University of California Davis, USA
• Catherine Eckel, University of Texas at Dallas, USA
• Marcel Fafchamps, Oxford University, UK
• David Genesove, Hebrew University of Jerusalem, Israel
• James Hines, University of Michigan, USA
• Barry Ickes, Pennsylvania State University, USA
• Yannis Ioannides, Tufts University, USA
• Eckhard Janeba, University of Mannheim, Germany
• Shelly Lundberg, University of Washington, USA
• John Nachbar, Washington University (St Louis), USA
• Lee Ohanian, University of California Los Angeles, USA
• Joon Park, Texas A&M University, USA
• John Karl Scholz, University of Wisconsin Madison, USA
• Christopher Taber, University of Wisconsin Madison, USA
• Bruce Weinberg, Ohio State University, USA