Sergiu Hart
Sergiu Hart is a professor emeritus of economics and mathematics at the Hebrew University of Jerusalem, with previous appointments at Stanford University, Tel Aviv University, and Harvard University. He is a member of the multidisciplinary Federmann Center for the Study of Rationality of the Hebrew University of Jerusalem, for which he served as the founding director from 1991 to 1998. He was elected Fellow of the Econometric Society in 1984, Member of the Israel Academy of Sciences in 2006 (he is currently the Chair of its Humanities and Social Sciences Division), Member of Academia Europaea in 2012, and International Honorary Member of the American Academy of Arts and Sciences in 2016. He served as President of the Game Theory Society in 2008-2010, and was awarded the Rothschild Prize in the Social Sciences in 1998, the Israel Prize in Economics and Statistics in 2018, and the ACM SIGecom (Economics and Computation) Test of Time Award in 2020. His more than 50 years of research span diverse topics in game theory, mathematics, economics, computer science, and statistics.
Democracy
Repeat Voting: A Simple Way To Get More Representative Results
Democratic elections suffer from several shortcomings, including low voter turnout and the effects of inaccurate polling. Sergiu Hart suggests adopting a simple...
Latest news
Commentary
Reregulate.
Lee Hepner and William J. McGee respond to Clifford Winston’s ProMarket piece asserting that further deregulation of the airline industry would resolve problems in the industry. Instead, the authors claim a return to regulation would produce better results for travelers.
Antitrust and Competition
A World With Far Fewer Mergers
Brooke Fox and Walter Frick analyze research and ideas presented at the Stigler Center Antitrust and Competition Conference that question the value of mergers.
Commentary
The Banking Risks of Central Bank Digital Currencies
The implementation of central bank digital currencies as the primary medium of exchange would exacerbate the flaws of our current fiat system which encourage banks to overextend credit and create liabilities that they cannot redeem. This will worsen the already recurring cycles of financial crises, writes Vibhu Vikramaditya.
Antitrust and Competition
The Whig History of the Merger Guidelines
A pervasive "Whig" view of United States antitrust history among scholars and practitioners celebrates the Merger Guidelines' implementation of increasingly sophisticated economic methods since their...
Antitrust and Competition
Algorithmic Collusion in the Housing Market
While the development of artificial intelligence has led to efficient business strategies, such as dynamic pricing, this new technology is vulnerable to collusion and consumer harm when companies share the same software through a central platform. Gabriele Bortolotti highlights the importance of antitrust enforcement in this domain for the second article in our series, using as a case study the RealPage class action lawsuit in the Seattle housing market.
Antitrust and Competition
The Future Markets Model Explains Meta/Within: A Reply to Herb Hovenkamp
In response to both Herb Hovenkamp’s February 27 article in ProMarket and, perhaps more importantly, also to Hovenkamp’s highly regarded treatise, Lawrence B. Landman, first, shows that the Future Markets Model explains the court’s decision in Meta/Within. Since Meta was not even trying to make a future product, the court correctly found that Meta would not enter the Future Market. Second, the Future Markets Model is the analytical tool which Hovenkamp says the enforcers lack when they try to protect competition to innovate.
Book Excerpts
The Chicago Boys and the Chilean Neoliberal Project
In a new book, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Sebastian Edwards details the history of neoliberalism in Chile over the past seventy years. The Chicago Boys—a group of Chilean economists trained at the University of Chicago through the U.S. State Department’s “Chile Project”—played a central role in neoliberalism’s ascent during General Augusto Pinochet’s rule. What follows is an excerpt from the book on University of Chicago economist Milton Friedman’s 1975 visit to Chile to meet with Pinochet and business leaders.
