By John Asker OPEC, the global cartel of oil producing countries, led by Saudi Arabia and other Gulf states, controls approximately 50% of the world’s oil reserves. In (Mis)Allocation, Market Power and Global Oil Extraction (American Economic Review, 109(4), 1568-1615, 2019) and The Welfare Impact of Market Power: The OPEC Cartel (work in progress) Professor […]
Valentina Glaviano grew up in Sacramento, California in a first-generation Italian American household. In high school, she was a stellar student and was admitted into plenty of colleges come senior year. The commitment process, however, was what she described as conservative. In addition to weighing academics, she had to choose a school that she could […]
Simon Board won the Spring 2022 Warren C. Scoville Distinguished Teaching Award for his new class “Econ 106S: Competitive Strategy”. This class uses a combination of economic principles and case studies to discuss the economic forces underlying successful business strategy. Specifically, it teaches students to identify sources of sustainable competitive advantage and to understand the dynamics of strategic […]
UCLA Professor Oleg Itskhoki makes a cameo appearance in the New Yorker article “Is Selling Shares in Yourself the way of the Future?” The article can be found here.
UCLA Professor Lee Ohanian testified before the U.S. Senate on July 20, 2022 on housing policies. The C-SPAN video of the hearing is available here.
On May 27th, former colleagues, students, and friends of Harold Demsetz (1930-2019) hosted a conference in his honor. A video of the conference is available here. Harold Demsetz (1930-2019), a long-time professor at UCLA, was a pioneer in the development and use of microeconomic theory to analyze questions of how property rights and institutional arrangements […]
On July 1st, Pierre Olivier Weill became coeditor of Theoretical Economics. Theoretical Economics is the leading journal in economic theory. It is open access and is a journal of the Econometric Society. More information about Theoretical Economics can be found here.
On July 1st, Pablo Fajgelbaum was named to the Board of Editors of American Economic Review Insights. More information about American Economic Review Insights can be found here.
Lee Ohanian discussed California’s housing crisis and potential policy remedies on a podcast available here.
By Hugo Hopenhayn During the last 40 years, the US economy has been experiencing a series of trends that have captured the attention of economists, public policy, and media. Firstly, there has been a sharp decline in the rate of growth of labor force, following a similar decline in fertility rates. Secondly, there has been […]
