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My CV
October, 2011
ADDRESS
| Department of Economics, University of Wisconsin |
| 7422 Social Science Bldg, 1180 Observatory Drive, Madison, WI 53706-1393 |
| office: (608) 263-3871 fax: (608) 262-2033 |
| e-mail: lones@ssc.wisc.edu |
| www.lonessmith.com |
PERSONAL
| Born April 8, 1965. Citizen of Canada and the United States. |
EDUCATION
| University of Chicago, PhD (Economics), 1991 |
| Thesis: “Essays on Dynamic Models of Equilibrium and Learning” |
| Thesis committee: In-Koo Cho, Jose Scheinkman, Michael Woodford |
| Carleton University, Ottawa, B.A. (Highest Honours, Economics & Mathematics), 1987 |
| Governor General’s Medal, as top graduating student in all faculties |
FELLOWSHIPS AND HONORS
| National Science Foundation Grants | 1995–2012 |
| Economic Theory Fellow | 2011– |
| Fellow of the Econometric Society | 2009– |
| Review of Economic Studies European Tour |
1991 |
| Jacob K. Javits Fellowship |
1988–91 |
| Social Sciences & Humanities Research Council (Canada) Grant |
1988–91 |
| Searl Foundation Scholarship and University Graduate Scholarship | 1987–91 |
| Top 100 on the William Lowell Putnam Mathematics Contest |
1986 |
| Fifth Place Prize, Canadian Math Olympiad |
1983 |
| Ninth Place in Canada, Sir Isaac Newton Physics Contest | 1983 |
| Second Place, Ottawa High School Debating Championships | 1982 |
ACADEMIC EMPLOYMENT
| 2010- | Professor of Economics, Wisconsin |
| 2003-2010 | Professor of Economics, Michigan |
| 1998–2003 | Associate Professor of Economics (Tenured), Michigan |
| 1996–1998 | Associate Professor of Economics, M.I.T. |
| 1991–1996 | Assistant Professor of Economics, M.I.T. |
VISITING POSITIONS
| May, 2008 | Visiting Professor, Northwestern, Center for Economic Theory |
| Spring, 2006 | Visiting Professor, Cowles Foundation and Economics Department, Yale |
ASSOCIATE EDITOR FOR:
| 2005– | Journal of Economic Theory |
| 2004–9 | American Economic Review |
RESEARCH
| Specialities: Information economics, search/matching models, game theory, finance |
( = paper originally begun with graduate student) |
PUBLISHED / FORTHCOMING / ACCEPTED
| 2010 | |
“Dynamic Matching and Evolving Reputations” [with Axel Anderson], Review of Economic Studies 77 (1), 3–29. [lead article] |
| 2008 | |
“Caller Number Five and Related Timing Games” [with Andreas Park], Theoretical Economics 3 (2), 231-256. |
| 2008 | |
“Optimal Electoral Timing: Exercise Wisely and You May Live Longer”, [with Jussi Keppo and Dmitry Davydov], Review of Economic Studies 75 (2), 597–628. |
| 2008 | |
“Repeated Games with Present-Biased Preferences” [with Hector Chade and Pavlo Prokopovych], Journal of Economic Theory 139, 157–175. |
| 2008 | “The Demand for Information: More Heat than Light” [with Jussi Keppo and Giuseppe Moscarini], Journal of Economic Theory, 138, 21–50. | |
| 2006 | “The Marriage Model with Search Frictions,” Journal of Political Economy 114, December, 1124-1144. | |
| 2006 | “Simultaneous Search” [w/ Hector Chade], Econometrica 74 (5), 1293–1307. [highlighted in Not a Journal, Volume 10, March 21, 2005] | |
| 2002 | “The Law of Large Demand for Information” [with Giuseppe Moscarini], Econometrica 70, November, 2351–2366. | |
| 2001 | |
“The Optimal Level of Experimentation” [with Giuseppe Moscarini], Econometrica, 69 (6), 1629–1644. |
| 2001 | |
“Matching, Search, and Heterogeneity” [with Robert Shimer], Advances in Macroeconomics, 1 (1), article 5, 16 pages. |
| 2000 | “Private Information and Trade Timing”, American Economic Review, 90, September, 1012–1018. | |
| 2000 | |
“Assortative Matching and Search” [with Robert Shimer] Econometrica, 68: 343–370. |
| 2000 | |
“Pathological Outcomes of Observational Learning” [with Peter Sørensen], Econometrica, 68: 371–398. |
| 1999 | “Optimal Job Search in a Changing World”, Mathematical Social Sciences, 38, 1–11. | |
| 1998 | |
“Social Learning in a Changing World” [w/ Giuseppe Moscarini and Marco Ottaviani], Economic Theory, 11, 657–665. |
| 1997 |
“Time Consistent Optimal Stopping”, Economics Letters, 56: 277-279. | |
| 1995 | “Necessary and Sufficient Conditions for the Perfect Finite-Horizon Folk Theorem,” Econometrica, 63: 425–430. | |
| 1994 | “Folk Theorems for Repeated Games: A NEU Condition,” [with Dilip Abreu and Prajit Dutta], Econometrica, 62: 939–948. [based on my PhD thesis] | |
| 1992 | “Folk Theorems in Overlapping Generations Games,” Games and Economic Behavior, 4: 426–449. [from my PhD thesis] | |
| 1987 | “The Cyclotomic Numbers of Order Fifteen,” [with Nicholas Buck, Blair Spearman, Kenneth Williams], Mathematics of Computation, 48: 67–83. |
| REVISION REQUESTS |
| 12/2008 | |
“Informational Herding and Optimal Experimentation” [with Peter Sørensen], third requested revision Review of Economic Studies |
| 4/2009 | “The Economics of Counterfeiting” [with Elena Quercioli], under revision for Econometrica | |
| 2/2010 | “Unbounded Dynamic Deception” [with Axel Anderson], under revision for American Economic Review | |
| 7/2011 | |
"Student Portfolios and the College Admission Problem" (with Hector Chade and Greg Lewis), under revision for Review of Economic Studies |
UNDER SUBMISSION
|
“Unattainable Payoffs for Repeated Games of Private Monitoring,” [with Josh Cherry] |
RESEARCH MIMEOS AT LATE STAGES
| “A Model of Exchange where Beauty is in the Eye of the Beholder” | |
|
“Rational Social Learning Through Random Sampling” [with Peter Sorensen] |
| “Aspirational Bargaining” [with Ennio Stacchetti] | |
|
“Rushes” [with Andreas Park]
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“A Conversational War of Attrition” [with Kata Bognar and Moritz Meyer-ter-Vehn] |
RESEARCH PROJECTS AND ROUGH MIMEOS (MOST TO LEAST COMPLETE)
| “Optimal Dynamic Contests” [with Giuseppe Moscarini] |
| “Rational Trade and the Snowball Effect” [with Helios Herrera] |
UNPUBLISHED WORKING PAPERS
| “Error Persistence, and Experiential versus Observational Learning” |
| [1990 job market paper (early work on social learning); Summer in Tel Aviv, 1991] |
| “Rethinking Bargaining Theory” |
| [1995–8 MIT manuscript; superseded by “Aspirational Bargaining”] |
| “Cross-Sectional Dynamics in a Two-Sided Matching Model” (1992) |
| [Summer in Tel Aviv, 1992] |
| “Do Rational Traders Frenzy?” (1995) |
| “A Portrait of the Artist as a Young, Middle-Aged, and Older Man” [with Geoffrey Lanyon] (2000) |
| “Nonstationary Search” [with Robert Shimer] (2000) |
PAST REFEREE FOR:
| All top five economics journals, almost all economic theory journals, many top economics field journals, |
| M.I.T. Press, National Science Foundation, European Research Council, Canadian Social Science Research Council |
OTHER PROFESSIONAL SERVICE:
| 2010, Econometric Society, World Congress, program committee |
RESEARCH SEMINARS IN LAST DECADE
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2011
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Georgetown, Stanford, Pittsbugh, Maryland, Cowles Economic Theory Conference (Yale)
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2010
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Texas, Illinois, Barcelona Jocs
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2009
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Montreal Economic Theory Seminar, Texas, Transatlantic Theory Workshop (Northwestern), Berkeley, Pennsylvania, “Financial Crisis” Conference (Michigan), Wisconsin
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2008
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Econometric Society Winter Meetings (Tulane), Michigan, Northwestern, GAMES 2008 Conference (Northwestern), Iowa State Department Seminar, Midwest Theory Conference (Ohio)
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2007
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Michigan, Bank of Canada, Arizona State, NBER/NSF General Equilibrium Theory Conference (Northwestern), Columbia
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2006
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Yale, Georgetown, Iowa, Coombs Conference in Mathematical Psychology (Michigan), Bonn Matching Conference, SED Conference (Vancouver), Cleveland Fed Conference, Michigan, Pennsylvania
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| 2005 | Princeton, Michigan |
| 2004 | Duke, NYU, Texas, SED Conference (Florence), Arizona State |
| 2003 | Econometric Society Summer Meetings (Northwestern), Rochester, I.T.A.M. (Mexico), Cambridge, UCL, LBS, LSE, Oxford, Wisconsin |
| 2002 | M.I.T., Berkeley, Caltech, UCLA, NBER/NSF Decentralization Conference (Georgetown), Northwestern, Econometric Society Summer Meetings (UCLA), Western Ontario, Michigan State |
| 2001 | Pennsylvania, Columbia, Cornell, Stanford |
TEACHING
| Undergraduate | Microeconomic Theory, Economic Theory Topics |
| Masters of Applied Economics | Microeconomics |
| PhD core courses | Consumer/Producer Theory, Game Theory, Equilibrium and Markets |
| PhD methods courses: | Mathematics for Economists, Stochastic Dynamic Optimization |
| PhD field courses | Advanced Game Theory, Information and Uncertainty |
| PhD seminars | Third Year Paper |
PRIMARY SUPERVISOR OF PHD DISSERTATIONS OF:
PAST
| Josh Cherry | 2011 | (game theory) | first job: Northwestern / MEDS |
| KS Yoon | 2008 | (contract theory) | first job: Korea Development Institute |
| Katya Malinova | 2006 | (finance theory) | first job: Toronto |
| Pavlo Prokopovych | 2005 | (repeated games) | first job: KEI and EERC-EROC, Kyiv, Ukraine |
| Axel Anderson | 2002 | (matching and learning) | first job: Georgetown |
| Dmitry Davydov | 2000 | (finance theory) | first job: Goldman Sachs |
| Max Amarante | 1999 | (repeated games) | first job: Columbia |
| Julian Jamison | 1998 | (game theory) | first job: Northwestern / MEDS |
| Peter Sørensen | 1996 | (Bayesian learning) | first job: Copenhagen |
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