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Parag Pathak
Parag A. Pathak (born c. 1980) is Professor of Economics at the Massachusetts Institute of Technology and is affiliated with the National Bureau of Economic Research where he co-founded and directs the working group on market design. Biography Pathak grew up in Corning, New York. His parents emigrated to the United States from Kathmandu, Nepal. Pathak was educated at Harvard University where he received bachelor's and master's degrees in applied mathematics (summa cum laude) and PhD in business economics in 2007 with the support of The Paul & Daisy Soros Fellowships for New Americans. From 2002-2003, Pathak served as a visiting fellow at the University of Toulouse where he studied under Jean Tirole, the 2014 winner of the Nobel Memorial Prize in Economic Sciences. Pathak served as a Junior Fellow at the Harvard Society of Fellows. He joined the MIT faculty in 2008, and was voted tenure two years later in 2010 at the age of 30. At MIT, Pathak co-founded and serves as Directo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corning, New York
Corning is a city in Steuben County, New York, United States, on the Chemung River. The population was 10,551 at the 2020 census. It is named for Erastus Corning, an Albany financier and railroad executive who was an investor in the company that developed the community. The city is best known as the headquarters of Fortune 500 company Corning Incorporated, formerly Corning Glass Works, a manufacturer of glass and ceramic products for industrial, scientific and technical uses. Overview The city of Corning is situated at the western edge of the town of Corning and in the southeast part of Steuben County. It is also home to the Corning Museum of Glass, which houses one of the world's most comprehensive collections of glass objects from antiquity to the present. The museum houses the Rakow Library, one of the world's major glass research centers. The city's other major cultural attraction is the Rockwell Museum. It contains an important collection of Western American pain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Economics
Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets.Moschandreas, Maria (2000). ''Business Economics'', 2nd Edition, Thompson Learning,Descriptionand chapter-previelinks A professional focus of the journal ''Business Economics'' has been expressed as providing "practical information for people who apply economics in their jobs." Business economics is an integral part of traditional economics and is an extension of economic concepts to the real business situations. It is an applied science in the sense of a tool of managerial decision-making and forward planning by management. In other words, business economics is concerned with the application of economic theory to business management. Business economics is based on microeconomics in two categories: posit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Top Trading Cycles
Top trading cycle (TTC) is an algorithm for trading indivisible items without using money. It was developed by David Gale and published by Herbert Scarf and Lloyd Shapley. Housing market The basic TTC algorithm is illustrated by the following house allocation problem. There are n students living in the student dormitories. Each student lives in a single house. Each student has a preference relation on the houses, and some students prefer the houses assigned to other students. This may lead to mutually-beneficial exchanges. For example, if student 1 prefers the house allocated to student 2 and vice versa, both of them will benefit by exchanging their houses. The goal is to find a core-stable allocation – a re-allocation of houses to students, such that all mutually-beneficial exchanges have been realized (i.e., no group of students can together improve their situation by exchanging their houses). The algorithm works as follows. # Ask each agent to indicate his "top" (most prefer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston Public Schools
Boston Public Schools (BPS) is a school district serving the city of Boston, Massachusetts, United States. It is the largest public school district in the state of Massachusetts. Leadership The district is led by a Superintendent, hired by the Boston School Committee, a seven-member school board appointed by the mayor after approval by a nominating committee of specified stakeholders. The School Committee sets policy for the district and approves the district's annual operating budget. This governing body replaced a 13-member elected committee after a public referendum vote in 1991. The superintendent serves as a member of the mayor's cabinet. From October 1995 through June 2006, Dr. Thomas Payzant served as superintendent. A former undersecretary in the US Department of Education, Payzant was the first superintendent selected by the appointed School Committee. Upon Dr. Payzant's retirement, Chief Operating Officer Michael G. Contompasis, former headmaster of Boston Latin S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tayfun Sönmez
Tayfun Sönmez is a Turkish-American professor of economics at Boston College. He is a Fellow of the Econometric Society and the 2008 winner of the Social Choice and Welfare Prize, which honors scholars under the age of 40 for excellent accomplishment in the area of social choice theory and welfare economics. Sönmez has made significant contributions in the areas of microeconomic theory, mechanism/market design, and game theory. His work has been featured by the U.S. National Science Foundation for its practical relevance. Work Sönmez's early work studied the mathematical properties of allocation systems without transfers. His PhD dissertation established the relationship between the core and strategy-proof mechanisms. He was awarded University of Rochester's Conibear Prize as a graduate student for the best third-year paper. Following his first job at the University of Michigan, Sönmez identified a connection between the housing market model of Lloyd Shapley and Herbert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Design
Market design is a practical methodology for creation of markets of certain properties, which is partially based on mechanism design. In some markets, prices may be used to induce the desired outcomes — these markets are the study of auction theory. In other markets, prices may not be used — these markets are the study of matching theory. In his 2008, Nemmers Prize lecture, Market Design and Stanford University economist Paul Milgrom commented on the interdisciplinary nature of market design: "Market design is a kind of economic engineering, utilizing laboratory research, game theory, algorithms, simulations, and more. Its challenges inspire us to rethink longstanding fundamentals of economic theory."Milgrom Nemmers Prize Presentation Slides, 2008 Milgrom is, along with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd Shapley
Lloyd Stowell Shapley (; June 2, 1923 – March 12, 2016) was an American mathematician and Nobel Prize-winning economist. He contributed to the fields of mathematical economics and especially game theory. Shapley is generally considered one of the most important contributors to the development of game theory since the work of von Neumann and Morgenstern. With Alvin E. Roth, Shapley won the 2012 Nobel Memorial Prize in Economic Sciences "for the theory of stable allocations and the practice of market design." Life and career Lloyd Shapley was born on June 2, 1923, in Cambridge, Massachusetts, one of the sons of astronomers Harlow Shapley and Martha Betz Shapley, both from Missouri. He attended Phillips Exeter Academy and was a student at Harvard when he was drafted in 1943. He served in the United States Army Air Corps in Chengdu, China and received the Bronze Star decoration for breaking the Soviet weather code. After the war, Shapley returned to Harvard and graduated wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PECASE
The Presidential Early Career Award for Scientists and Engineers (PECASE) is the highest honor bestowed by the United States government on outstanding scientists and engineers in the early stages of their independent research careers. The White House, following recommendations from participating agencies, confers the awards annually. To be eligible for a Presidential Award, an individual must be a US citizen, national or permanent resident. Some of the winning scientists and engineers receive up to a five-year research grant. History In February 1996, the National Science and Technology Council (NSTC), was commissioned by President Bill Clinton to create an award program that would honor and support the achievements of young professionals at the outset of their independent research careers in the fields of science and technology. The stated aim of the award is to help maintain the leadership position of the United States in science. Originally, 60 recipients received the PEC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sloan Fellowship
The Sloan Research Fellowships are awarded annually by the Alfred P. Sloan Foundation since 1955 to "provide support and recognition to early-career scientists and scholars". This program is one of the oldest of its kind in the United States. Fellowships were initially awarded in physics, chemistry, and mathematics. Awards were later added in neuroscience (1972), economics (1980), computer science (1993), computational and evolutionary molecular biology (2002), and ocean sciences or earth systems sciences (2012). Winners of these two-year fellowships are awarded $75,000, which may be spent on any expense supporting their research. From 2012 through 2020, the foundation awarded 126 research fellowship each year; in 2021, 128 were awarded, and 118 were awarded in 2022. Eligibility and selection To be eligible, a candidate must hold a Ph.D. or equivalent degree and must be a member of the faculty of a college, university, or other degree-granting institution in the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard Society Of Fellows
The Society of Fellows is a group of scholars selected at the beginnings of their careers by Harvard University for their potential to advance academic wisdom, upon whom are bestowed distinctive opportunities to foster their individual and intellectual growth. Junior fellows are appointed by senior fellows based upon previous academic accomplishments and receive generous financial support for three years while they conduct independent research at Harvard University in any discipline, without being required to meet formal degree requirements or to be graded in any way. The only stipulation is that they maintain primary residence in Cambridge, Massachusetts, for the duration of their fellowship. Membership in the society is for life. The society has contributed numerous scholars to the Harvard faculty and thus significantly influenced the tenor of discourse at the university. Among its best-known members are philosopher Willard Van Orman Quine, W. V. O. Quine, Jf '36; behaviorist B. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
