MyLab Economics without Pearson eText for Microeconomics, Global Edition

Daron Acemoglu is the Elizabeth and James KillianProfessor of Economics in the Department of Economics at the MassachusettsInstitute of Technology. He has received a BA in economics from the Universityof York, an MSc in mathematical economics and econometrics from the LondonSchool of Economics, and a PhD in economics from the London School ofEconomics. He is an elected fellow of the National Academy of Sciences, theAmerican Academy of Arts and Sciences, the Econometric Society, the EuropeanEconomic Association, and the Society of Labor Economists. He has receivednumerous awards and fellowships, including the inaugural T. W. Schultz Prizefrom the University of Chicago in 2004, the inaugural Sherwin Rosen Award foroutstanding contribution to labor economics in 2004, the Distinguished ScienceAward from the Turkish Sciences Association in 2006, and the John von NeumannAward, Rajk College, Budapest, in 2007. He was also the recipient of the John Bates Clark Medal in 2005,awarded every two years to the best economist in the US under the age of 40 bythe American Economic Association, and the Erwin Plein Nemmers Prize, awardedevery two years for work of lasting significance in economics. He holdshonorary doctorates from the University of Utrecht and Bosporus University. His research interests include political economy, economicdevelopment and growth, human capital theory, growth theory, innovation, searchtheory, network economics, and learning. His books include Economic Origins of Dictatorship andDemocracy (jointly with James A. Robinson), which was awarded theWoodrow Wilson and the William Riker prizes, Introduction to ModernEconomic Growth, and Why Nations Fail: The Origins ofPower,Prosperity, and Poverty (jointly with James A. Robinson), which hasbecome a New York Times bestseller. David Laibson is the Chair of the HarvardEconomics Department and the Robert I. Goldman Professor of Economics atHarvard University. He holds degrees from Harvard University (AB in economics),the London School of Economics (MSc in econometrics and mathematicaleconomics), and the Massachusetts Institute of Technology (PhD in economics). He is also a member of the National Bureau of Economic Research,where he is Research Associate in the Asset Pricing, Economic Fluctuations, andAging Working Groups. His research focuses on the topics of behavioraleconomics, intertemporal choice, macroeconomics, and household finance, and heleads Harvard University’s Foundations of Human Behavior Initiative. He serves on several editorial boards, as well as the PensionResearch Council (Wharton), Harvard’s Pension Investment Committee, and theBoard of the Russell Sage Foundation. He has previously served on the boards ofthe Health and Retirement Study (National Institutes of Health) and the Academic Research Council of the Consumer Financial Protection Bureau. He is a recipient of a Marshall Scholarship and a Fellow of the Econometric Society and the American Academy of Arts and Sciences. He is also arecipient of the T. W. Schultz Prize from the University of Chicago and theTIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on LifelongFinancial Security. In recognition of his teaching excellence, he has beenawarded Harvard’s Phi Beta Kappa Prize and a Harvard College Professorship. John A. List is the Kenneth C. GriffinDistinguished Service Professor in Economics at the University of Chicago, andChairman of the Department of Economics. He received his BS in economics fromthe University of Wisconsin–Stevens Point and his PhD in economics from theUniversity of Wyoming. Before joining the University of Chicago in 2005, he wasa professor at the University of Central Florida, University of Arizona, andUniversity of Maryland. He also served in the White House on the Council ofEconomic Advisers from 2002–2003, and is a Research Associate at the NBER. List was elected a Member of the American Academy of Arts andSciences in 2011, and a Fellow of the Econometric Society in 2015. He alsoreceived the Arrow Prize for Senior Economists in 2008, the Kenneth GalbraithAward in 2010, the Yrjo Jahnsson Lecture Prize in 2012, and the Klein LecturePrize in 2016. He received an honorary doctorate from Tilburg University in2014 and from the University of Ottawa in 2017. In addition, List was named a Top50 Innovator in the Non-Profit Times for 2015 and 2016 for his work oncharitable giving. His research focuses on questions in microeconomics, with aparticular emphasis on using field experiments to address both positive andnormative issues. For decades his field experimental research has focused onissues related to the inner workings of markets, the effects of variousincentive schemes on market equilibria and allocations, and how behavioraleconomics can augment the standard economic model. This includes research intowhy inner city schools fail, why people discriminate, why people give tocharity, why firms fail, why women make less money than men in labor markets,and why people generally do what they do. His research includes over 200 peer-reviewed journal articles andseveral published books, including the 2013 international best-seller, TheWhy Axis: Hidden Motives and the Undiscovered Economics of Everyday Life (withUri Gneezy).