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Cowles Foundation for Research in Economics

PROGRAM IN STRUCTURAL MICROECONOMICS

    Program Area Directors for 200708: Steven Berry and Mark Rosenzweig
  
It is therefore not possible in many economic problems to separate causes and effects by varying the causes one at a time, studying the separate effect of each cause — a method so fruitful in the natural sciences. On the other hand, economists do possess more elaborate and better established theories of economic behavior than the theories of motion of material bodies known to Kepler.... While much in these theories is incomplete and in need of reformulation and elaboration ... such theory as we have is an indispensable element in understanding in a quantitative way the formation of economic variables.... An observed regularity not traced to underlying behavior patterns, institutional rules, and laws of production  ... is of no help whatever in assessing the probable effects of stated economic policies or institutional changes.
               T. Koopmans, 1947, CFP 25a

Since its earliest days, the Cowles Commission and Cowles Foundation have emphasized the importance of empirical research with a firm foundation in economic theory. Much of this work has been aimed at uncovering policy invariant (i.e., "structural'') economic relationships for both positive and normative purposes.

The Cowles Foundation Program in Structural Microeconomics continues in this tradition, supporting cutting edge research in a variety of fields of microeconomics that takes seriously both the statistics and the economics required for informative empirical work. The Structural Microeconomics program sponsors visiting positions, post-docs, conferences, and graduate training.


VISITORS, 2007–2008
(Contact information when available)
    Ahti, Ville Valtteri, University of Helsinki (9/1/07 – 5/31/08)
    Bontemps, Christian, University of Toulouse 1 (4/2/08 – 4/24/08)
    Eaton, Jonathan, New York University (4/21/08 – 4/25/08)
    Hortaçscu, Ali, University of Chicago (9/1/07 – 12/31/07)
    Kortum, Samuel, University of Minnesota (4/21/08 – 4/25/08)
PAST VISITORS
2006–2007
   Luis Cabral, NYU
   James Heckman, University of Chicago
   Igal Hendel, Northwestern University
   Jakub Kastl, Stanford University
   John Kennan, University of Wisconsin
   Tong Li, Vanderbilt University
   Jean-Marc Robin, Université de Paris 1
   John Rust, University of Maryland
   Aloysius Siow, University of Minnesota
2005–2006
   Richard Blundell, University College, London
   Ali Hortaçsu, University of Chicago
   John Kennan, University of Wisconsin
   Rosa Matzkin, Northwestern University
   Costas Meghir, University College, London
   Antonio Merlo, University of Pennsylvania
   Ariel Pakes, Harvard University
   Michael Whinston, Northwestern University
2004–2005
   Rob Porter
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