William Bentley MacLeod (born 1954) is a

Canadian-American Canadian Americans is a term that can be applied to American citizens whose ancestry is wholly or partly Canadian, or citizens of either country that hold dual citizenship. The term ''Canadian'' can mean a nationality or an ethnicity. Canadians ...

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

. He is Lecturer with Rank of Professor and Research Scholar at

Princeton University Princeton University is a private university, private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest ins ...

, and the Sami Mnaymneh Professor of Economics and Professor of International and Public Affairs Emeritus at

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

. He is a specialist in the fields of labor economics and

health economics Health economics is a branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. Health economics is important in determining how to improv ...

, and

law and economics Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law, which emerged primarily from scholars of the Chicago school of economics. Economic concepts are used to explain the effects of laws ...

Education

MacLeod received a

B.A. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four years ...

with distinction in

Mathematics Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in modern mathematics ...

from Queen's University in 1975 and an

M.Sc. A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast to ...

in Mathematics from Queen's University in 1979. He completed his economics doctorate at the

University of British Columbia The University of British Columbia (UBC) is a public university, public research university with campuses near Vancouver and in Kelowna, British Columbia. Established in 1908, it is British Columbia's oldest university. The university ranks a ...

in 1984.

Academic career

He began his teaching career at Queen's University, then he taught at Université de Montréal, Boston College, University of Southern California, California Institute of Technology and Princeton University, before coming to Columbia University. He has also held one year visiting positions at

Center for Operations Research and Econometrics The Center for Operations Research and Econometrics (CORE) is an interdisciplinary research institute of the University of Louvain (UCLouvain) located in Louvain-la-Neuve, Belgium. Since 2010, it is part of the Louvain Institute of Data Analysis ...

(Belgium), Instituto de Análisis Económico (Barcelona)
Princeton University
the

Russell Sage Foundation The Russell Sage Foundation is an American non-profit organisation established by Margaret Olivia Sage in 1907 for “the improvement of social and living conditions in the United States.” It was named after her recently deceased husband, rail ...

and the

Institute for Advanced Study The Institute for Advanced Study (IAS), located in Princeton, New Jersey, in the United States, is an independent center for theoretical research and intellectual inquiry. It has served as the academic home of internationally preeminent scholar ...

. He was elected fellow of the

Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...

in 2005, and fellow of the Society of Labor Economists in 2012. He is also the recipient of the 2002 H. Gregg Lewis prize awarded by the Society of Labor Economists for his article "Worker Cooperation and the Ratchet" with H. Lorne Carmichael. He is a Past President of th
Society of Institutional and Organizational Economics
in 2017-18, and th

in 2021.

Notable publications

* "Advanced microeconomics for contract, institutional, and organizational economics",

MIT Press The MIT Press is a university press affiliated with the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts (United States). It was established in 1962. History The MIT Press traces its origins back to 1926 when MIT publish ...

* "Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment" by MacLeod and James M. Malcomson, Malcomson *MacLeod, W. Bentley, and

James M. Malcomson James Malcomson is a British-Irish economist. He is emeritus Professor of Economics at the University of Oxford and emeritus Fellow of All Souls College. He is a specialist in the fields of labour economics and contract theory. Education Foll ...

. "Investments, Holdup, and the Form of Market Contracts." ''The American Economic Review'' 83, no. 4 (1993): 811-37, https://www.jstor.org/stable/2117580 *MacLeod, W. Bentley. "Reputations, Relationships, and Contract Enforcement." ''Journal of Economic Literature'' 45, no. 3 (2007): 595-628
www.jstor.org/stable/27646841
* "First Do No Harm? Tort Reform and Birth Outcomes" mentioned in

Tort Reform Tort reform refers to changes in the civil justice system in common law countries that aim to reduce the ability of plaintiffs to bring tort litigation (particularly actions for negligence) or to reduce damages they can receive. Such changes a ...

. * "Optimal Contracting with Subjective Evaluation," American Economic Review: Vol. 93 No. 1 (March 2003). * "Performance Pay and Wage Inequality", Quarterly Journal of Economics, 2009, Vol. 124, Issue 1 (joint with T. Lemieux and D. Parent) * "Administrative Corruption and Taxation", by Frank Flatters and W. Bentley Macleod. Reprinted in "The Economics Of Corruption And Illegal Markets".

Personal life

MacLeod is married to

Janet Currie Janet Currie is a Canadian-American economist and the Henry Putnam Professor of Economics and Public Affairs at Princeton University's School of Public and International Affairs, where she is Co-Director of the Center for Health and Wellbeing. Sh ...

, an economist at

. They have two children.

References

External links

* Home Pag

* Google Schola

{{DEFAULTSORT:MacLeod, W. Bentley 1954 births Canadian economists Columbia University faculty Labor economists Living people University of British Columbia alumni Fellows of the Econometric Society