Download CV (PDF)Michael Magill

Fields of Specialization

Economics of Financial Markets and Monetary Theory
Theory of Incomplete Markets
Economics of Uncertainty; Dynamic Economics

 

Academic Background

  • Professor, University of Southern California, 1981-present
  • Visiting Professor, Paris School of Economics, June 2010, June-July 2013
  • Visiting Professor, Swiss Finance Institute, University of Zurich, Fall 2009, May-June 2014
  • Visiting Professor, Cowles Foundation, Yale University, Fall 2000, 2002
  • Visiting Professor, Université de Paris II, 1990-2000 (summer)
  • Visiting Professor, CORE, Louvain La Neuve, Belgium, September 1994
  • Visiting Professor, Department of Economics, University of Bonn, Spring 1990, Fall 1994
  • Visiting Professor, Institute of Economics, University of Copenhagen, February 1990
  • Visiting Professor, Université de Paris IX, Dauphine, Paris, 1986-1988 (summer)
  • Visiting Research Fellow, Laboratoire d’ Econometrie de l’Ecole Polytechnique, 1985-1988
  • Visiting Research Fellow, CEPREMAP, Paris, 1985-1986
  • Visiting Professor, Université de Paris II, 1985-1986
  • Associate Professor, University of Southern California, 1979-1981
  • Visiting Associate Professor, Stanford University, 1978-1979
  • Visiting Associate Professor, Northwestern University, 1977-1978
  • Milton Friedman Fellow, University of Chicago, Spring 1977
  • Associate Professor, Indiana University, 1976-1979
  • Assistant Professor, Indiana University, 1968-1975
  • Brown University, Providence, RI (Ph.D., 1970), 1964-1968
  • Cambridge University, England (B.A., 1964), 1961-1964
  • Eton College, England, 1956-1961

Awards and Honors

  • Fellow of the Society for Advancement of Economic Theory, 2011
  • Fellow of the Econometric Society, 2000
  • Earhart Foundation Fellowship, 1966
  • National Association of Mutual Savings Banks Award, 1965

Societies

  • American Economic Association
  • Econometric Society
  • Society for the Advancement of Economic Theory

Editorial Responsibilities

  • Associate Editor, Mathematics and Financial Economics (2006 – Current)
  • Associate Editor, Economic Theory (1997 – Current)
  • Associate Editor, Journal of Mathematical Economics (1984 – Current)
  • Editorial Board, Acta Applicandae Mathematicae (1982 – Current)
  • Associate Editor, Journal of Mathematical Analysis & Applications (1982-1995)

Publications

Books

  • On a General Economic Theory of Motion, Springer-Verlag, New York, 1970
  • Theory of Incomplete Markets, Volume 1, with M. Quinzii, Cambridge: MIT Press, 1996
  • Incomplete Markets, Volume 1, Finite Horizon Economies, with Martine Quinzii, International Library of Critical Writings in Economics, Edward Elgar Publishing Company, Cheltenham, 2008
  • Incomplete Markets, Volume 2, Infinite Horizon Economies, with Martine Quinzii, International Library of Critical Writings in Economics, Edward Elgar Publishing Company, Cheltenham, 2008

Articles

Book Review

  • Review of: Speculative Bubbles, Speculative Attacks and Policy Switching by R.P. Flood and P.M. Garber, MIT Press, 1994, with M. Quinzii, in Journal of Economics ,Vol 63, 1996, pp. 114-118

Working Papers

  • “Anchoring Expectations of Inflation” with M. Quinzii, November 20, 2010.
  • “Interest Rate Policy and Expectations of Inflation”, University of Southern California, working paper, August 10, 2011
  • “Stakeholder Theory of Corporation”, with M. Quinzii and J.C. Rochet, University of Southern California, working paper, June 14, 2011
  • “On a Class of General Equilibrium Models with Incentives”, with M. Quinzii, forthcoming in Essays in Honor of A-M. Fericilli, Economica.
  • “Entrepreneurship, Increasing Returns and Diversification”, with M. Quinzii.
  • “A Generalization of the Borsuk-Ulam Theorem”, with M. Hirsch.
  • “Incomplete Markets: Preliminary Concepts” with M. Quinzii.

Invited Lectures

  • Equilibre General et Marches Incomplets, University of Paris I, Spring 1986.
  • Equilibre General avec Marches Incomplets, University of Paris IX, 1986, 1987, 1988
  • Lectures on Incomplete Markets, with M. Quinzii and W. Shafer, University of Bonn, BOWO, 1988
  • Lectures on General Equilibrium with Incomplete Markets, with M. Quinzii and W. Shafer, University of Copenhagen, February 1990
  • Lectures on Incomplete Markets, with M. Quinzii and W. Shafer, University of Bonn, March 1990
  • Equilibre General, Marches Incomplets et La Theorie Monetaire, University of Paris II, May 1994, 1995
  • Lecture Series, Incitations et Partage des Risques a Travers les Marches Financiers , Colloque International, University of Paris II, May, 1997
  • Invited Lecture, Incentives and Risk Sharing in a Stock Market Equilibrium, Bogazici Fest on Economic Design and Management, Bogazici University, Turkey, June 13, 1997
  • Invited Lecture, The Stock Market and Intergenerational Transfers, XII ISER (International School of Economic Research) Workshop on General Equilibrium: Problems, Prospects, and Alternatives, Certosa di Pontigniano, Sienna, Italy, July 6-10, 1999
  • Invited Lecture, La Theorie des Marches Incomplets, for Colloque International Annee 2000, Mathematiques et Autres Champs du Savoir, Ecole Normale Superieure Conference, Paris, May 22-23, 2000
  • Institut Finance Dauphine Lecture, A Statistical Approach to General Equilibrium, Workshop on Risk: Individual and Collective Decision Making, Institut Finance Dauphine, Paris, December 19, 2007
  • Invited Lecture, Expectations and Inflation, Conference in Honor of Andreu Mas-Collel, Universitat Pompeu Fabra, Barcelona, June 4, 2009
  • Arne Ryde Memorial Lectures, 2009, Uncertainty and Expectations in General Equilibrium, with M. Quinzii, Lund University, Sweden, September 23-25
  • Invited Lecture, Uncertainty and General Equilibrium, An Exploration of New Concepts, Swiss Finance Institute and University of Zurich, October 5, 2010
  • Invited Lecture, Probability Approach to General Equilibrium, Swiss Finance Institute and University of Zurich, October 6, 2010
  • Invited Lecture, Probability Approach to Monetary Equilibrium, Swiss Finance Institute and University of Zurich, October 26, 2010
  • Erasmus Distinguished Lectures: Frontiers of Economic Theory, Stakeholder Theory of Corporation, Paris School of Economics, June 2013.
  • Debreu Lecture: Banking Equilibrium, European Workshop on General Equilibrium, University of Glasgow, June 16, 2016.