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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. 


Selected Publications

--Surplus Maximization and OptimalityAmerican 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

-- Coverage Denied: Excluding Bad Risks, Inefficiency, and Pooling in Insurance (with H. Chade).

--On Lionel McKenzie's 1957 Intrusion into 20-th Century Demand Theory, September 2013  (with M.A. Khan), revision requested by the Canadian Economic Journal

--"Stochastic Welfare Analysis with Environmental Services," (with V.K. Smith), coming soon. 




 

 

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