Professor of Economics Arizona State University ed dot schlee at asu dot edu Research Interests Economics of Uncertainty and Information; Normative Criteria under Uncertainty; History of Economic Theory. --``Surplus Maximization and Optimality,'' American Economic Review, 103 (2013): 2585-2611. --"Radner’s cost-benefit analysis in the small: An equivalence result," Economics Letters, 120 (2013): 570-572. --"Optimal Insurance with Adverse Selection," (with H. Chade) Theoretical Economics, 7 (2012): 571-607. --"Information and the Equity Premium," (with C. Gollier) Journal of the European Economic Association, 9 (2011): 871-902. --“Another Look at the Radner-Stiglitz Nonconcavity of the Value of Information” (with H. Chade), Journal of Economic Theory 107 (2002): 421-452. --“Mean-Variance Preferences and Investor Behavior,” (with M. Ormiston), Economic Journal, 111 (2001): 849-861. --“The Value of Information in Efficient Risk Sharing Arrangements,” American Economic Review, 91 (June 2001): 509-524. --“Comparative Statics Tests Between Decision Models Under Risk,” (with M. Ormiston), Journal of Mathematical Economics, 32 (1999): 145-166. --“The Value of Information about Product Quality,” RAND Journal of Economics, 27 (1996): 803-815. --“Strategic Information Manipulation in Duopolies,” (with L. Mirman and L. Samuelson) Journal of Economic Theory, 62 (1994): 363-384. --"Marshall, Jevons, and the Expected Utility Hypothesis," History of Political Economy (HOPE), 24 (1992): 729-744. Reprinted in O. Hamouda, and JCR Rowley, eds, Expected Utility, Fair Gambles, and Rational Choice, 1997, ch. 12, pp. 200-218. Working Papers --On Lionel McKenzie's 1957 Intrusion into 20-th Century Demand Theory, July 2015 (with M.A. Khan), forthcoming, Canadian Journal of Economics. --Insurance as a Lemons Market: Coverage Denials and Pooling (with H. Chade). Revision coming soon. --The Nonconcavity of Money Metric Utility: A New Formulation and Proof (with M. Ali Khan). NEW --The Welfare Cost of Uncertainty in Policy (with V. Kerry Smith). NEW Work in Progress --``Public Good Provision under Uncertainty: Local Cost-Benefit Analysis,'' (with V.K. Smith). --``Complements as Co-monotonicity: Rethinking Samuelson's Money-Metric Definitions (with M.A. Khan). --"The Willig Condition(s) without Essentiality. Editorial --Editorial Board, American Economic Review, 2014- --Associate Editor, Journal of Public Economic Theory, 2016- --Associate Editor, Geneva Papers on Risk and Insurance Theory, 1993- |