LEOH 2016, September 12th to 14th:
Biography: Oliver Hart
Professor of Economics, Harvard University
Oliver Hart is currently the Andrew E. Furer Professor of Economics at Harvard University, where he has taught since 1993. Hart works mainly on contract theory, the theory of the firm, corporate finance, and law and economics. His research centers on the roles that ownership structure and contractual arrangements play in the governance and boundaries of corporations. He has published a book (Firms, Contracts, and Financial Structure, Oxford University Press, 1995) and numerous journal articles.
He is a Fellow of the Econometric Society, the American Academy of Arts and Sciences, the British Academy, and the American Finance Association, and has several honorary degrees. He has been president of the American Law and Economics Association and a vice president of the American Economic Association.
His pioneering works on property rights theory and incomplete contracts with colleagues Sanford Grossman and John Moore had a profound impact on areas as diverse as industrial organization, international trade, and finance. Just how profound this impact was, was documented in a conference that, on the occasion of the 25th anniversary of the publication of the original Grossman and Hart (1986) article, was held in Brussels from in 2011. See: http://gh25.ulb.ac.be/
In 2016 Oliver Hart received the Nobel Memorial Prize in Economic Sciences.
LEOH 2015, September 21st to 23rd:
Biography: Robert Gibbons
Sloan Distinguished Professor of Management, MIT Sloan School of Management and
Professor of Organizational Economics, MIT Department of Economics
Robert Gibbons’s research and teaching concern the design and performance of organized activities, especially “relational contracts” (informal agreements so rooted in the parties’ circumstances that they cannot be adjudicated by courts). Naturally, organized activities may occur within firms, but they may also occur between firms (e.g., supply relationships, alliances, joint ventures, and more) or beyond firms (such as in hospitals, schools, government agencies, communities, and more). He is a faculty member in MIT’s Sloan School and MIT’s Department of Economics, where he teaches management and PhD courses (respectively) and has received teaching awards from each. Since 2002, he has been co-principal investigator of MIT Sloan’s Program on Innovation in Markets and Organizations (PIMO).
Outside of MIT, Gibbons has given short doctoral courses in organizational economics at Bergen, Zurich, EUI, Pompeu Fabra, Nanterre, Tinbergen Institute, Shanghai Jiao Tong, Sorbonne, Hitotsubashi, UNSW, and Chicago. He is a fellow of the American Academy of Arts and Sciences, the Econometric Society, and the Society of Labor Economists, founding director of the NBER working group in organizational economics, and a former board member at the Center for Advanced Study in the Behavioral Sciences and the Citicorp Behavioral Science Research Council.
In addition to writing papers, Gibbons has written one book, co-edited another, and is writing a third. His text Game Theory for Applied Economists (Princeton University Press, 1992) has been translated into Chinese, Greek, Hungarian, Italian, Japanese, and Spanish, he co-edited The Handbook of Organizational Economics with J. Roberts (Princeton University Press, 2013), and his forthcoming Introduction to Organizational Economics (Princeton University Press, 2017) is intended to make the field accessible to a broad set of theoretical and empirical economists and other researchers.