Patrick Bolton (born June 11, 1957,

Dublin, Ireland Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 cen ...

) is the Barbara and David Zalaznick Professor of Business at

Columbia Business School Columbia Business School (CBS) is the business school of Columbia University, a Private university, private research university in New York City. Established in 1916, Columbia Business School is one of six Ivy League business schools and is one ...

(2005-present) and a Visiting Professor of Finance at Imperial College London (2018-present). He is a past president of the American Finance Association (2015). Bolton specializes in

contract theory From a legal point of view, a contract is an institutional arrangement for the way in which resources flow, which defines the various relationships between the parties to a transaction or limits the rights and obligations of the parties. From an ...

and its relationship to

corporate finance Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and anal ...

and industrial organization, in particular the allocation of control and decision rights to contracting parties. He is studying the ways in which institutional investors and financial markets assess and respond to risks from climate change, and how public policy influences corporate behaviour and the actions of institutions. Bolton has published a number of books, including ''Contract Theory'' (2004) with Mathias Dewatripont, ''Credit Markets for the Poor'' (2005) with Howard Rosenthal, ''The Economics of Contracts'' (2008), ''Sovereign Wealth Funds and Long-term Investing'' (2012) with Frederic Samama and Joseph E. Stiglitz and ''Coping with the Climate Crisis: Mitigation Policies and Global Coordination'' (2018), with

Rabah Arezki Rabah is a Local Government Area in Sokoto State, Nigeria. Its headquarters are in the town of Rabah. It has an area of 2,433 km and a population of 149,165 at the 2006 census. The postal code of the area is 842. Rabah was the home town ...

Karim El Aynaoui Kareem (alternatively spelled Karim or Kerim) ( ar, کریم) is a common given name and surname of Arabic origin that means "generous", "noble", "honorable". It is also one of the Names of God in Islam in the Quran. Given name Karim * Karim Ab ...

and Maurice Obstfeld.

Early life and education

Bolton was born on June 11, 1957 in Dublin, Ireland and holds dual French and American nationality. Bolton has a BA in economics from the University of Cambridge and a BA in political science from the Institut d'Etudes Politiques de Paris. He earned his PhD from the London School of Economics in 1986.

Career

Bolton was an assistant professor at the University of California at Berkeley and then joined the economics department at Harvard University (1987-1989). He worked at the C.N.R.S. Laboratoire d' Econométrie de L' Ecole Polytechnique (1989-1991), and was the Cassel Professor of Money and Banking at the London School of Economics (1991-1994). He worked at the Institut d'Etudes Europénnes de l' Université libre de Bruxelles (1994-1998). He was the John H. Scully '66 Professor of Finance and Economics at Princeton University (1998-2005). Bolton joined the Columbia Business School as the Barbara and David Zalaznick Professor of Business in July 2005. In 2018, he became a Visiting Professor of Finance at Imperial College London.

Awards

* 2021, EAERE Award for ERC Grants Laureates in the field of environmental and resource economics, European Association of Environmental and Resource Economists (EAERE) * 2018,

Louis Bachelier Fellow Louis may refer to: * Louis (coin) * Louis (given name), origin and several individuals with this name * Louis (surname) * Louis (singer), Serbian singer * HMS ''Louis'', two ships of the Royal Navy See also Derived or associated terms * Lewis (d ...

* 2016, Fellow, American Finance Association * 2013, Corresponding Fellow, British Academy * 2009. Fellow, American Academy of Arts and Sciences * 1993, Fellow, Econometric Society

References

{{DEFAULTSORT:Bolton, Patrick 1957 births Living people 21st-century American economists Columbia Business School faculty Alumni of the University of Cambridge Alumni of the London School of Economics Sciences Po alumni Fellows of the Econometric Society Fellows of the American Academy of Arts and Sciences 20th-century American economists