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John Duffy (economist)

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John Duffy (born January 2, 1964) is an American economist. He is a professor of economics at the University of California, Irvine.

Education and career

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Duffy earned an AB in economics from the University of California, Berkeley and a PhD in economics from the University of California, Los Angeles.[1] He is a professor of economics at the University of California, Irvine[2] and is also affiliated with the Institute for Social and Economic Research (ISER) at Osaka University.[3] He was previously a professor of economics at the University of Pittsburgh.[1] Duffy's research interests are behavioral economics, experimental economics, game theory and macroeconomics.[4] His work has been published in The American Economic Review and The Review of Economic Studies, among other venues.[5]

Duffy is known for promoting the use of experimental methods to evaluate macroeconomic models and assumptions and to address questions of equilibrium selection.[6][7][8][non-primary source needed] He advocates for the use of experimental methods to empirically validate agent-based models and heterogeneous agent models.[9][10]

Selected works

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  • Duffy, John and Daniela Puzzello. "The Friedman Rule: Experimental Evidence" International Economic Review 63 (2022), 671-698.
  • Duffy, John and Frank Heinemann. "Central Bank Reputation, Cheap Talk and Transparency as Substitutes for Commitment: Experimental Evidence" Journal of Monetary Economics 117 (2021), 887-903.
  • Duffy, John, Sean Crockett and Yehuda Izhakian. "An Experimental Test of the Lucas Asset Pricing Model," Review of Economic Studies 86 (2019), 627–667.
  • Duffy, John and Daniela Puzzello, "Gift Exchange versus Monetary Exchange: Theory and Evidence," American Economic Review 104 (2014), 1735–1776.
  • Duffy, John and Eric O’N. Fisher, "Sunspots in the Laboratory," American Economic Review 95 (2005), 510–529.
  • Duffy, John and Jack Ochs, "Emergence of Money as a Medium of Exchange: An Experimental Study," American Economic Review 89 (1999), 847–877.

References

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  1. ^ a b "CV" (PDF). John Duffy's homepage. Retrieved December 31, 2020.
  2. ^ "Faculty Directory". School of Social Sciences. University of California, Irvine. Retrieved December 31, 2020.
  3. ^ "Faculty Directory". Institute for Social and Economic Research, Osaka University. Retrieved August 7, 2024.
  4. ^ "Bio". John Duffy's homepage. Retrieved January 26, 2021.
  5. ^ See selected works.
  6. ^ Duffy, John (2016). Kagel, John; Roth, Alvin (eds.). Handbook of Experimental Economics Vol. 2. Princeton University Press. pp. 1–90. ISBN 9780691139999.
  7. ^ Duffy, John, ed. (2016). Experiments in Macroeconomics. Emerald Group Publishing. ISBN 978-1784411947.
  8. ^ Duffy, John (2008). Durlauf, Steven; Blume, Lawrence E. (eds.). The New Palgrave Dictionary of Economics, 2nd Ed. Palgrave Macmillan. ISBN 9780333786765.
  9. ^ Duffy, John (2006). Tesfatsion, Leigh; Judd, Kenneth L. (eds.). Handbook of Computational Economics Vol. 2. North-Holland. pp. 949–1011. ISBN 978-0444512536.
  10. ^ Arifovic, Jasmina; Duffy, John (2018). Hommes, C.; LeBaron, Kenneth B. (eds.). Handbook of Computational Economics Vol. 4. North-Holland. pp. 491–540. ISBN 978-0444543141.
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