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Lawrence Blume

Lawrence Blume

· Kenneth O. Reed Professor of Economics

Cornell University · Economics

Active 1977–2025

h-index48
Citations13.5k
Papers1989 last 5y
Funding—

Academic metrics are sourced from OpenAlex and public funding records; values may differ from Google Scholar.

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About

Lawrence Blume is the Kenneth O. Reed Professor of Economics at Cornell University. He earned his Ph.D. from the University of California, Berkeley, in 1977. His academic interests include economic theory, game theory, and inequality. Blume's research focuses on evolutionary processes in markets and games, strategic interaction, and the algebraic geometry of equilibrium concepts. He has contributed to the understanding of market behavior, strategic decision-making, and the private provision of public goods, among other topics. His work has been published in leading journals such as the Journal of Economic Theory, Econometrica, and Games and Economic Behavior.

Research topics

  • Biology
  • Biotechnology
  • Engineering
  • Economics
  • Animal science
  • Geography
  • Food science

Selected publications

  • Linear Social Interactions Models

    Journal of Political Economy · 2015-03-17 · 226 citations

    article1st authorCorresponding

    This paper provides a systematic analysis of identification in linear social interactions models. This is a theoretical and econometric exercise as the analysis is linked to a rigorously delineated model of interdependent decisions. We develop an incomplete information game for individual choice under social influences that nests standard models as special cases. We consider identification of both endogenous and contextual social effects under alternative assumptions regarding an analyst’s a pri…

    PublisherDOI

  • <i>Capital in the Twenty-First Century:</i>A Review Essay

    Journal of Political Economy · 2015-06-30 · 37 citations

    article1st authorCorresponding
    PublisherDOI

  • A case for incomplete markets

    Journal of Economic Theory · 2018-09-24 · 32 citations

    article1st author
    PublisherDOI

  • Harrod 1939

    The Economic Journal · 2015-03-01 · 19 citations

    articleOpen access1st authorCorresponding

    1939 'Essay in Dynamic Theory' is celebrated as one of the foundational papers in the modern theory of economic growth. Linked eternally to Evsey Domar, he appears in the undergraduate and graduate macroeconomics curricula, and his 'fundamental equation' appears as the central result of the AK model in modern textbooks. Reading his Essay today, however, the reasons for his centrality are less clear. Looking forward from 1939, we see that the main stream of economic growth theory is built on neoc…

    PublisherOA PDFDOI

  • Introduction to computer science and economic theory

    Journal of Economic Theory · 2014-11-18 · 18 citations

    articleOpen access1st authorCorresponding

    This essay introduces the symposium on computer science and economic theory.

    PublisherDOI

Frequent coauthors

Labs

  • Lawrence BlumePI

Education

  • PhD, Economics

    University of California, Berkeley

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