Jens Leth Hougaard

Professor of Applied Microeconomics

Contact Information

Department of Food and Resource Economics

University of Copenhagen

Rolighedsvej 25, 1958 Frederiksberg C.

Denmark

Phone: ++45 35 33 68 14;  E-mail:  jlh@ifro.ku.dk

Main research interests: Economic Design, Fair Allocation, Network Economics, Game Theory, and Efficiency Analysis. 

I have published 3 books and 70+ articles in leading international journals. I was awarded the Danish Business Economists Research Prize in 2001.

I am heading the Center for Blockchains and Electronic Markets at University of Copenhagen funded by the Carlsberg Foundation. Read about it here!

Recently, I was visiting Professor and Area Head of Economics at NYU Shanghai (Mar. 2019- Dec. 2020). Previously, I have been guest researcher at: Dept. of Finance, South China University of Technology (Oct. 2017). Dept. of Econ, National U. of Singapore, visit under the Isaac Manasseh Meyer Fellowship, Feb. 2017 and Nov, 2015. Dept. of Econ, Rice University, USA. (fall 2011). CORE, U. Cath. de Louvain, Belgium, (1996-97). EUI, Firenze, Italy (spring 1992).

Recent invited talks include: Plenary talk at SING12, Jul. 2016, U of Glasgow, Sep. 2016, National U. of Singapore, Oct. 2016. Tinbergen Institute, Amsterdam, Dec. 2016. Higher School of Econ., Skt. Petersburg, Aug 2017. U. Pablo Olavide, Spain, Nov. 2017. Singapore Management U., Mar. 2018, Lund U., Mar. 2018, Queens U., Belfast, Apr. 2018, South China U. of Tech., Sep. 2018, Shanghai U. of Finance and Economics, Mar. 2019, Korea University Jun. 2019, NYU-Abu Dhabi, Dec. 2019. CES, Sorbonne Paris, Apr. 2022. CRESE Universite de France-Comte, Nov. 2022. SMU Singapore, Apr. 2023. CBS, Apr. 2023. ITU, Istanbul, Sep. 2023, CUHK, Hong Kong, Nov. 2023, Aarhus U. Apr. 2024.

I was UCPH leading partner in Centre for Research in the Foundations of Electronic Markets (CFEM), funded by the Danish Council for Strategic Research (26.5 mill DKK, 2009-2015). Partner of “COBE”, funded by the Danish Council for Independent Research, (4.8 mill DKK, 2009). PI of  “Allocation in Networks”, funded by the Danish Research Council for Independent Research (100.000 DKK, 2011). Partner of  “Big Data by Security”, funded by The Danish Industry Foundation (7.6 mill. DKK, 2015). Partner of “NORMA”, funded by the Danish Research Council for Independent Research (5.6 mill DKK, 2016).

 Editorial work: Associate Editor, Mathematical Social Sciences, Elsevier (https://www.journals.elsevier.com/mathematical-social-sciences), Advisory Editor: Technological and Economic Developments of Economy, Routledge (http://www.tandfonline.com/toc/tted21/current). Previously, Associate Editor, TOP, Springer. (http://link.springer.com/journal/11750). 

I have organized several international workshops: most recently, “Blockchains and Economic Design”, UCPH, December, 2019.

 I am a frequent member of various evaluation committees: for instance, currently member of University Grants Committee, Hong Kong. Member of The Health Insurance Foundations research evaluation committee (2010 – 2022).

J.L. Hougaard and M. Tvede, Minimum cost connection networks: truth-telling and implementation, Journal of Economic Theory, 157,76-99, 2015. link

 J.L. Hougaard and H. Moulin, Sharing the cost of redundant items, Games and Economic Behavior, 87, 339-352, 2014. link

 J.L. Hougaard, J.D. Moreno-Ternero and L.P. Østerdal, Assigning agents to a line, Games and Economic Behavior, 87, 539-553, 2014. link

 J.L. Hougaard, J.D. Moreno-Ternero and L.P. Østerdal, Rationing with baselines: The composition extension operator, Annals of Operations Research, 211, 179-191, 2013. link

 J.L. Hougaard and M Tvede, Truth-telling and Nash equilibria in minimum cost spanning tree models, European Journal of Operational Research, 222, 566-570, 2012. link

 J.L.Hougaard, J.D. Moreno-Ternero, L.P. Østerdal, Rationing in the presence of baselines, Social Choice and Welfare, 40, 1047-1066, 2013. link

J.L Hougaard, J.D. Moreno-Ternero, L.P. Østerdal, A unifying framework for the problem of adjudicating conflicting claims, Journal of Mathematical Economics, 48, 107-114, 2012. link

J.L. Hougaard and M. Tvede, n-Person nonconvex bargaining: efficient proportional solutions, Operations Research Letters, 38, 536-538, 2010. link

J.L.Hougaard and  L.P. Østerdal, Monotonicity of social welfare optima, Games and Economic Behavior, 70, 392-402, 2010. link

J.L. Hougaard, H. Moulin and L.P. Østerdal, Decentralized pricing in minimum cost spanning trees, Economic Theory, 44, 293-306, 2010. link

J.L. Hougaard and M. Tvede, Selling digital music: business models for public goods, Netnomics, 11, 85-102, 2010. link

J.L. Hougaard and L.P. Østerdal, Decreasing serial cost sharing: an axiomatic characterization, International Journal of Game Theory, 38, 469-479, 2009. link

J.L. Hougaard and J. Tind, Cost allocation and convex data envelopment, European Journal of Operational Research, 194, 939-947, 2009. link

J.L. Hougaard and L.P. Østerdal, Inequality preserving rationing, Economics Letters, 87, p. 355-360, 2005. link

 J.L. Hougaard, B. Peleg and L.P. Østerdal, The Dutta-Ray solution on the class of convex games: A generalization and monotonicity properties, International Game Theory Review, 7, 1-12, 2005. link

 J.L. Hougaard and M Tvede, Nonconvex n-person bargaining: Efficient maxmin solutions, Economic Theory, 21, p. 81-95, 2003. link

 J.L. Hougaard and M Tvede, The existence of maximal elements: Generalized lexicographic relations, Journal of Mathematical Economics, 36,  p. 111-115, 2001. link

 J.L. Hougaard and L. Thorlund-Petersen, Mixed serial cost sharing, Mathematical Social Sciences, 41, p. 51-68, 2001. link

 J.L. Hougaard, B. Peleg and L. Thorlund-Petersen, On the set of Lorenz maximal imputations in the core of a balanced game; International Journal of Game Theory,  30, p. 147-165, 2001. link

 J.L. Hougaard and L. Thorlund-Petersen, The stand-alone test and decreasing serial cost sharing; Economic Theory, 16, p. 355-362, 2000. link

Efficiency Measurement and Benchmarking

N. Zhu, J.L. Hougaard, B. Wang and Z. Yu, Ranking Chinese commercial banks based on their expected impact on structural efficiency, OMEGA: The International Journal of Management Science, 94, 2020.

C. Franco, J.L. Hougaard and K. Nielsen, Learning preferences and attitudes by multi-criteria overlap dominance and relevance functions, Applied Soft Computing, 67, 641-651, 2018.

 J.L. Hougaard, K. Nielsen and A. Papakonstantinou, A sealed bid two-attribute yardstick auction without prior scoring, Group Decision and Negotiation, 25, 827-843, 2016.

C. Franco, M. Bojesen, J.L. Hougaard and K. Nielsen, A fuzzy approach to multiple criteria and geographical information system for decision support on suitable locations for biogas plants, Applied Energy, 140, 304-315, 2015. link

 J.L.Hougaard and K. Nielsen, Weighted Overlap Dominance – A procedure for interactive selection on multidimensional interval data, Applied Mathematical Modelling, 35, 3958-3969, 2011. link

J.L. Hougaard and H. Keiding, Rawlsian maximin, Dutch books, and non-additive expected utility, Mathematical Social Sciences, 50, 239-251, 2005. link

 J.L. Hougaard and H. Keiding, Rawls og moderne beslutningsteori, Nationaløkonomisk Tidsskrift, 141, p. 387-399, 2003 (in Danish).

 J.L. Hougaard, L. Thorlund-Petersen and L.P. Østerdal, Mængderabatter,  Ledelse og Erhvervsøkonomi, 2/2001, p. 109-121, 2001 (in Danish).

 J.L. Hougaard and H. Keiding, Representation of preferences on fuzzy measures by a fuzzy integral, Mathematical Social Sciences, 31, p. 1-17, 1996. link

 J.L. Hougaard and L. Møller, På Kant med Rawls, Nationaløkonomisk Tidsskrift, 130, p. 370-378, 1992 (in Danish).

Health Economics

 J.L. Hougaard, J.D. Moreno-Ternero and L.P. Østerdal, On the measurement of the (multidimensional) inequality of health distributions, Research on Economic Inequality, Vol. 21, 111-131, 2013. link

 J.L.Hougaard, J.D. Moreno-Ternero and L.P. Østerdal, A new approach to the evaluation of population health, Journal of Health Economics, 32, 515-523, 2013. link

J.L. Hougaard, T. Tjur and L.P. Østerdal, On the meaningfulness of testing preference axioms in stated preference discrete choice experiments, European Journal of Health Economics, 13, 409-417, 2012. link

 J.L.Hougaard, L.P. Østerdal and Y. Yu, The Chinese health care system: Structure, problems and challenges, Applied Health Economics and Health Policy, 9, 1-13, 2011. link

J.L. Hougaard, J.M. Kolind and L.P. Østerdal, Danske lægers turnusordning, Nationaløkonomisk Tidsskrift, 145, 2007. (in Danish)

J.L. Hougaard and C. Overgård, Frontier estimation methods as management tools in health care production: a case of staff utilization in Danish Orthopaedic surgery units, Nationaløkonomisk Tidsskrift, 144, 377-392. 2006

 J.L. Hougaard and C. Overgård, A note on health care productivity with uncertain data, Health Care Management Science, 9, 93-100, 2006. link

 J.L. Hougaard and H. Keiding, On the aggregation of health status measures, Journal of Health Economics, 24, 1154-1173, 2005. link

 J.L. Hougaard, C. Overgaard and D. Kronborg, Improvement potential in Danish elderly care, Health Care Management Science, 7, p. 225-235, 2004. link

 B. Hansen, J.L. Hougaard, H. Keiding and L.P. Østerdal, On the possibility of a link between CBA and CEA: Comments on a paper by Dolan and Edlin, Journal of Health Economics, 23 p. 887-898, 2004. link

Other Publications

 L.G. Hansen and J.L. Hougaard, Omkostningseffektiv miljøpolitik på affaldsområdet - papir- og glasaffald til genanvendelse; Miljø & Teknik, 8, p.251-256, 1993 (in Danish).

 L.G. Hansen and J.L. Hougaard, Efficient recycling of household waste, Nordic Journal of Environmental Economics, 1993.

 L.G. Hansen and J.L. Hougaard, Efficient indsamling af papir og glasaffald til genanvendelse, SØM-rapport, 1993 (in Danish)

 J.L. Hougaard, Produktivitetsanalyse af dansk el-distribution, AKF-rapport, 1994 (in Danish)

 J.L. Hougaard, Six Essays on Performance Evaluation, Ph.D. thesis, Department of Economics, Univeristy of Copenhagen, 1994.

 M. Asmild, J.L. Hougaard and D. Kronborg, A method for comparison of efficiency scores: A case study of Danish dairy farms; in Helles et al. (Eds): Multiple use of forests and other natural resources, Kluwer, 1999.

J.L. Hougaard and C. Overgård, Ressourcerne kan udnyttes bedre på ældreområdet, Social Forskning, Temanummer marts 2003, Social Forsknings Instituttet (in Danish).

 J.L. Hougaard, Neoklassisk produktionsteori, Kapitel 3 i Lorenzen, Friis & Vamosi (red.) ”Erhvervsøkonomisk teori”, Forlaget Samfundslitteratur, 2004 (in Danish)

 J.L. Hougaard, Nobelprisen i økonomi 2012: To matematikere guider den usynlige hånd, Samfundsøkonomen, nr. 2, 2013. (in Danish).

C. Franco, J.L: Hougaard and K. Nielsen, Handling risk attitudes for preference learning and intelligent decision support. Modeling Decisions for Artificial Intelligence: 12th International Conference, MDAI 2015. Proceedings. red. Torra, Narukawa. Springer, 2015. s. 78-89 (Lecture Notes in Computer Science, Vol. 9321).

 C. Franco, J.L: Hougaard and K. Nielsen, A procurement decision support mechanism on multi-attribute fuzzy-interval auctions. Proceedings 2016 IEEE World Congress on Computational Intelligence: 2016 IEEE Congress on Evolutionary Computation. 2016. s. 1336-1342.

C. Franco, J.L. Hougaard and K. Nielsen, Clustering alternatives and learning preferences based on decision attitudes and weighted overlap dominance. In V. Torra, A. Dahlbom, Y. Narukawa, Fuzzy sets, rough sets, multisets and clustering, Studies in Computational Intelligence, Vol 671, Springer 2017.

C. Franco and J.L. Hougaard, A soundness test for multi criteria decision moldes with imprecise data, Joint Proceedings of the 19th World Congress of the International Fuzzy Systems Association (IFSA), the 12th Conference of the European Society for Fuzzy Logic and Technology (EUSFLAT), and the 11th International Summer School on Aggregation Operators (AGOP). Atlantis Press, p. 274-281 8 p. (Atlantis Studies in Uncertainty Modelling, Vol. 3). 

J.L. Hougaard and M. Pourpouneh, Farsighted miners under transaction fee mechanism EIP-1559, IEEE ICBC'23.