Michael Jerison

Professor

Department of Economics, BA 110
University at Albany
State University of New York
Albany, NY 12222

Office Location: BA 108 (Business Administration Building)
Telephone: (518) 442-4287
Fax: (518)442-4736 (for the Department)
E-mail: m.jerison@albany.edu

A.B. in Mathematics, Cornell University, 1971
Ph.D. in Economics, University of Wisconsin-Madison, 1977

Department of Economics, SUNY Albany: Assistant Professor 1977-84,
Associate Professor 1984-1998, Professor 1998-present

CEPREMAP, Paris, Research Associate, 1976-77, 1984-85
University of Paris I, Visiting Professor, Spring 1985
University of Bonn, Visiting Professor, 1986-88, 1993-94

Ph.D.: Eco 600, 700 microeconomic theory, Eco 730, 731 public finance.

M.A. and undergraduate: Eco 410-510 math for economists, Eco 300 intermediate microeconomics, Eco 355 public finance, Eco 455 public microeconomics

Consumer demand, social welfare theory, general equilibrium theory.

My research deals with theoretical and empirical properties of aggregate demand and of the distribution of consumer demands—properties that are useful for social welfare analysis and that lead to uniqueness of competitive equilibrium. The results have applications in the analysis of tax reforms, the estimation of the allocation of consumption within families, and the evaluation of credit and risk-sharing arrangements.

"Aggregation and Pairwise Aggregation of Demand When the Distribution of Income is Fixed," Journal of Economic Theory, 33 (1984) 1-31.

"The Compensation Principle, the Representative Consumer and the Ville Axiom," pages 121-158 in Preferences, Uncertainty and Optimality: Essays in Honor of Leonid Hurwicz, eds. J. Chipman, D. McFadden and M. K. Richter, Westview Press, Boulder, 1990.

"Taxation as a Social Choice Problem: the Scope of the Laffer Argument," Journal of Public Economics, 44 (1991) 37-63 (coauthor, R. Guesnerie).

"Empirical Evidence on the Law of Demand," Econometrica, 59 (1991) 1525-1549 (coauthors, W. Hardle and W. Hildenbrand).

"Cross Section Engel Curves Over Time," Recherches Economiques de Louvain, 57 (1991) 391-431 (coauthor, W. Hardle).

"Approximately Rational Consumer Demand and Ville Cycles," Journal of Economic Theory, 56 (1992) 100-120 (coauthor, D. Jerison).

"Optimal Income Distribution Rules and Representative Consumers," Review of Economic Studies, 61 (1994) 739-771.

"Dispersed Excess Demands, the Weak Axiom and Uniqueness of Equilibrium," Journal of Mathematical Economics, 31 (1999) 15-84.

"Nonrepresentative Representative Consumers," Albany DP 97-01.

"Measuring Consumer Inconsistency: Revealed Preference and the Slutsky Matrix," Albany DP 99-01.

Gordon Karp, Essays on the Economics of Pollution Control, 1986.

Songbai Yan, Essays on Inter and Intragenerational Conflict Over Fiscal Policy, 1993.

Fatma Abdel-Raouf, The Neighborhood Effect on the Measurement of Poverty, 1994.

Richard Shirey, Incentives and Monitoring Practices in Labor Managed Firms, 1994.

Nipa Basu, Measurement of the Cost of Children: A Theoretical and Empirical Analysis, 1995.

Laiwu Zhang, Essays on Human Capital and Growth, 1995.

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Last modified: 6 April 1999