William Baumol

William Jack Baumol ( born February 26, 1922 in New York City ) is an American economist. Baumol is the developer of the concept of Conte Table Markets.

Life and work

Baumol received in 1942 a Bachelor of Social Science at the College of the City of New York and in 1949 he was at the London School of Economics for Ph.D. doctorate. 1942 to 1943 and 1946 he worked at the Ministry of Agriculture of the United States from 1947 to 1949 he was Assistant Lecturer at the London School of Economics. From 1949 to 1992 he was Professor of Economics at Princeton University. Since his retirement, he is a Senior Research Economist at Princeton. At the same time he is since 1971 professor at New York University and Director of The CV Starr Center for Applied Economics.

With the concept of Conte Table Markets ( dt vulnerable markets ) are explained limited yields in the monopoly. The fact that the monopolist can receive high returns, also increases the attractiveness for competitors to enter the monopolistic market. According to Baumol So the monopolist endeavors to keep profit margins low to in the market to protect themselves from competition.

Baumol is married and has two children.

Honors

Memberships

Publications

Baumol has published more than 400 articles in scientific journals and following books

With R. Turvey: Economic Dynamics. 1951, 1959, 1970
Welfare Economics and the Theory of the State. 1952, 1965.
With LV Chandler: Economic Processes and Policies. 1954
Business Behavior, Value and Growth. 1959, 1966
Klaus Knorr: What Price Economic Growth? 1961
Economic Theory and Operations Analysis. 1961, 1965, 1972, 1976
The Stock Market and Economic Efficiency. 1965
With WG Bowen: Performing Arts: The Economic Dilemma. 1966
With SM Goldfeld: Precursors in Mathematical Economics: An Anthology. 1968
Portfolio Theory: The Selection of Asset Combinations. 1970
With M. Marcus: Economics of Academic Libraries. 1973
With WE Oates: The Theory of Environmental Policy. 1975 1988
EE Bailey ( ed. ): Selected Economic Writings of William J. Baumol. 1976
With WE Oates and SA Batey Blackman: Economics, Environmental Policy, and the Quality of Life. 1979
With AS Blinder: Economics: Principles and Policy. 1979, 1982, 1985, 1987, 1991 and 1994
Publisher: Public and Private Enterprise in a Mixed Economy. In 1980.
With John C. Panzar and Robert D. Willig: Conte Table Markets and the Theory of Industry Structure. San Diego in 1982, 1987
Editor with H. Baumol: Inflation and the Performing Arts. 1984
Editor with K. McLennan: Productivity Growth and U.S. Competitiveness. 1985
Super Fairness: Applications and Theory. 1986
Micro Theory: Applications and Origins. 1986
With L. Osberg and EN Wolff: The Information Economy and the Implications of Unbalanced Growth. 1989
S. A. Batey Blackman and E.N. Wolff: Productivity and American Leadership: The Long View. 1989
With Stephen M. Goldfeld, Lilli A. Gordon and Frank -Michael Koehn: The Economics of Mutual Fund Markets: Competition Versus Regulation. Kluwer, Boston, 1990, ISBN 0-7923-9043-1.
With SA Batey Blackman: Perfect Markets and Easy Virtue: Business Ethics and the Invisible Hand. 1991
Entrepreneurship, Management and the Structure of Payoffs. 1993
Gregory Sidak: Toward Competition in Local Telephony. 1994
Publisher with RR Nelson and EN Wolff: Convergence of Productivity: Cross - National Studies and Historical Evidence. 1994
Gregory Sidak: Transmission Pricing and Stranded Costs in the Electric Power Industry. 1995
Publisher with WE Becker: Assessing Educational Practices: The Contribution of Economics. 1995
Publisher with AS Blinder: Microeconomics: Principles and Policy. 1996
The Free -market Innovation Machine. Analyzing the Growth Miracle of Capitalism. Princeton University Press, Princeton, 2002, ISBN 0691096155th
Regulation Misled by Misread Theory: Perfect Competition and Competition- Imposed Price Discrimination. American Enterprise Institute Press, Washington ( DC) 2006, ISBN 0,844,713,902th
With Robert E. Litan and Carl J. Schramm: Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity. Yale University Press, New Haven 2007, ISBN 0,300,109,415th

Econometric Society Feltrinelli Prize Stockholm School of Economics Integrated Authority File

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