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Jeremy I. Bulow

Jeremy I. Bulow
Professor, Economics
JeremyI.Bulow
Richard A. Stepp Professor of Economics
Senior Fellow, Stanford Institute for Economic Policy Research
Professor of Economics (by courtesy), School of Humanities and Sciences
Academic Area: 
Economics

Research Statement

Jeremy Bulow’s research spans economics and finance and includes topics such as industrial organization, international debt, pension funds, auctions, and tobacco. Bulow has taught microeconomics as well as courses on economic aspects of contracts, competition, and markets, and environmental management and policy analysis.

Bio

Jeremy Bulow is the Richard A. Stepp Professor of Economics at Stanford Business School. He served as the Director of the Bureau of Economics of the Federal Trade Commission from 1998-2001. Bulow was co-editor of the American Economic Review from 2005-2008. His research has covered a variety of topics including pension funds, sovereign debt, auctions, and tobacco. He has served as a consultant to government agencies including the Pension Benefit Guaranty Corporation, the World Bank, the British Radiocommunications Authority, and the Federal Reserve. In the private sector, he has consulted to companies in oil, telecoms, credit cards, software, and internet search. Bulow is a fellow of the Econometric Society and of the American Academy of Arts and Sciences.

Academic Degrees

  • PhD, Massachusetts Institute of Technology, 1979
  • MA, Yale University, 1975
  • BA, Yale University, 1975

Academic Appointments

  • Professor of Economics, Graduate School of Business, Stanford University, 1979-present
  • Visiting Research Fellow, World Bank, 1991
  • Research Fellow, Center for the Study of the Economy and the State, University of Chicago, 1985
  • Alfred P. Sloan Research Fellow, 1984-1986
  • National Fellow, Hoover Institution, 1982-1983
  • Research Associate, National Bureau of Economic Research, 1979-Present
  • National Science Foundation Fellow, 1975-1978

Publications

Journal Articles

Jeremy I. Bulow. Milken Institute Review. 2006, Vol. Fourth Quarter.
Jeremy I. Bulow, John B. Shoven. Journal of Economic Perspectives. 2005, Vol. 19, Issue 4, Pages 115-134.
Jeremy I. Bulow, Paul Klemperer. American Economic Review. 1999, Vol. 89, Issue 1, Pages 175-189.
Jeremy I. Bulow, Ming Huang, Paul Klemperer. Journal of Political Economy. 1999, Vol. 107, Issue 3, Pages 427-454.
Jeremy I. Bulow, Paul Klemperer. American Economic Review. 1996, Vol. 86, Issue 1, Pages 180-194.
Jeremy I. Bulow, Lawrence H. Summers. Journal of Political Economy. 1984, Vol. 92, Issue 1, Pages 20-39.

Working Papers

Equity Recourse Notes: Creating Counter-cyclical Bank Capital | PDF
Jeremy I. Bulow, Paul Klemperer, July 112014
Price Controls and Consumer Surplus | PDF
Jeremy I. Bulow, Paul Klemperer2011
When are Auctions Best? | PDF
Jeremy I. Bulow, Paul Klemperer2007
Matching and Price Competition | PDF
Jeremy I. Bulow, Jonathan Levin2003
The BP Amoco/ARCO Merger: Alaskan Crude Oil | PDF
Jeremy I. Bulow, Carl Shapiro2002
The Winner's Curse and the Failure of the Law of Demand | PDF
Jeremy I. Bulow, Paul Klemperer1997

Courses Taught

Degree Courses

2014-15

This course discusses the financial crisis of 2008-9, developments since that time, and the future of finance. We consider how regulation, technology, and the changing world economy will create challenges and opportunities. We have guest speakers...

2013-14

This class will focus on the evolution of the financial crisis and the implications for the future of financial markets and the economy. Part of the course will concern the history of the financial crisis, from 2008-12, including policy responses...

This course will be a first quarter PhD course in microeconomic theory, aimed at PhD students who do not plan to become professional economists. Relative to a course geared to economics PhDs the class will differ in two important ways. First,...

2011-12

This class will focus on the evolution of the financial crisis and the implications for the future of financial markets. Topics will include the housing bubble, the fall of large financial institutions (Bear Stearns, Lehman, AIG, Citibank, Fannie...

Stanford University Affiliations

Greater Stanford University

  • Affiliation commas wrapper

    National Fellow, Hoover Institution

Service to the Profession

  • Research Fellow, National Bureau of Economic Research
  • Fellow, Alfred P. Sloan Foundation
  • Fellow, Econometric Society
  • National Fellow, Hoover Institution
  • Fellow, American Academy of Arts and Sciences
  • Fellow, National Science Foundation

In the Media

The Undercover Economist, Financial Times Weekend Magazine, July 3, 2006
A Simple Way to Value Stock Options
Financial Times, May 2, 2004
The Economist, July 27, 2002
Survey-Mastering Strategy 7: Strategic Complements and Substitutes
Financial Times, December 8, 1999
New York Times, September 15, 1999

Insights by Stanford Business

May 22, 2014
A Stanford economist and his colleague at Oxford propose a new strategy to reduce the risk of taxpayer-funded bailouts.
January 1, 2007
An economist examines what went wrong in the landmark 1998 tobacco settlement.
July 1, 2004
A scholar parses recent proposals for financial reporting of stock option expenses, and offers a solution that reflects economic realities.
August 1, 2002
Production factors and local regulations — not political conspiracies — cause price fluctuations at the pump.
November 1, 2000
In the last 25 years, many if not most significant innovations in economics have been driven by this methodological innovation.

School News

June 4, 2012
Stanford GSB students recognize Dirk Jenter, Charles Lee, and Jeremy Bulow for their passionate teaching of challenging subjects.