B. Douglas Bernheim


Edward Ames Edmonds Professor of Economics

Department of Economics, Stanford University

Senior Fellow, Stanford Institute for Economic Policy Research (SIEPR)

Research Associate, National Bureau of Economic Research


Curriculum Vitae (pdf format)



Contact Information


Address: Department of Economics, Stanford University, Stanford, CA 94305-6072

Phones: 650-725-8732 (voice), 650-725-5702 (fax)

e-mail: bernheim@stanford.edu





Unpublished Research Papers


“Social Image and the 50-50 Norm: A Theoretical and Experimental Analysis of Audience Effects,” revised June 2008, resubmission under review at Econometrica (with James Andreoni).


“How Much Value Do Real Estate Brokers Add?  A Case Study,” revised July 2007 (with Jonathan Meer).


“Special Interest Politics and the Quality of Governance,” revised October 2007 (with Navin Kartik).  Under revision; not currently available.


“Do Precommitment Opportunities Reduce Liquor Consumption?  Evidence on the Effects of Blue Laws,” January 2007 (with Jonathan Meer and Neva Novarro).  Under revision; not currently available.


“Precommitment and Power in Agenda Setting,” August 2006 (with Silvia Console Battilana). Under revision; not currently available.


“Self-Enforcing Cooperation with Graduated Punishments,” July 2004 (with Dilip Abreu and Avinash Dixit).  Under revision; not currently available.


“Income Redistribution with Majoritarian Politics,” May 2004 (with Sita Nataraj).  Under revision; not currently available.


“Self-Control, Saving, and the Low Asset Trap,” with Debraj Ray and Sevin Yeltekin, May 1999.



Recently Published and Forthcoming Papers


“Beyond Revealed Preference: Choice-Theoretic Foundations for Behavioral Welfare Economics,” Quarterly Journal of Economics, forthcoming (with Antonio Rangel).


“A Solution Concept for Majority Rule in Dynamic Settings,” Review of Economic Studies, forthcoming (with Sita Nataraj).


“The Effects of Financial Education in the Workplace: Evidence from a Survey of Employers,” Economic Inquiry, forthcoming (with Patrick Bayer and John Karl Scholz).


“Neuroeconomics: A Sober (but Hopeful) Appraisal,” AEJ: Microeconomics, forthcoming.


“Choice-Theoretic Foundations for Behavioral Welfare Economics,” in Andrew Caplin and Andrew Schotter (eds.), The Methodologies of Modern Economics, Oxford University Press, forthcoming (with Antonio Rangel).


“Toward Choice-Theoretic Foundations for Behavioral Welfare Economics,” American Economic Review Papers and Proceedings, 97(2), May 2007, 464-470 (with Antonio Rangel).  (Expanded and updated version, “Beyond Revealed Preference: Choice-Theoretic Foundations for Behavioral Welfare Economics,” appears above.)


“The Power of the Last Word in Legislative Policy Making,” Econometrica 74(5), September 2006, 1161-90 (with Antonio Rangel and Luis Rayo)  (formerly titled “Democratic Policy Making with Real-Time Agenda Setting, Part 1”)


“From Neuroscience to Public Policy: A New Economic View of Addiction,” Swedish Economic Policy Review, 2006 (with Antonio Rangel).


“Behavioral Public Economics: Welfare and Policy Analysis with Fallible Decision-Makers,” in Peter Diamond and Hannu Vartianen (eds.), Institutions and Behavioral Economics, forthcoming (with Antonio Rangel).


“Memory and Anticipation,” Economic Journal, 115, April 2005, 271-304 (with Raphael Thomadsen).


“How Do Residents Manage Personal Finances?” American Journal of Surgery, 189(2), February 2005, 134-139 (with Joel Teichman, Patricia Cecconi, Neva Kerbeshian, Manoj Monga, Debra DaRosa, and Martin Resnick).


“Addiction and Cue-Triggered Decision Processes,” American Economic Review, 94(5), December 2004, 1558-1590 (with Antonio Rangel).


“Do Estate and Gift Taxes Affect the Timing of Private Transfers?” Journal of Public Economics,  88(12), December 2004, 2617-2634 (with Robert Lemke and John Karl Scholz).


“Are Life Insurance Holdings Related to Financial Vulnerabilities?” Economic Inquiry 41(4), October 2003, 531-54 (with Katherine Carman, Jagadeesh Gokhale, and Laurence Kotlikoff).


“Bequests as Signals: An Explanation for the Equal Division Puzzle,”Journal of Political Economy 111(4), August 2003, 733-764 (with Sergei Severinov).


“The Mismatch Between Life Insurance and Financial Vulnerabilities: Evidence from the Health and Retirment Survey,” American Economic Review 93(1), March 2003, 354-365 (with Lorenzo Forni, Jagadeesh Gokhale, and Laurence Kotlikoff).


“The Effects of Financial Education in the Workplace: Evidence from a Survey of Households,” Journal of Public Economics 87(7-8), August 2003, 1487-1519 (with Daniel M. Garrett).


“Optimal Money Burning: Theory and Application to Corporate Dividend Policy,” Journal of Economics and Management Science 10(4), Winter 2001, 463-507 (with Lee Redding).


“What Accounts for the Variation in Retirement Saving Across U.S. Households?” American Economic Review, 91(4), September 2001, 832-857 (with Jonathan Skinner and Steven Weinberg).


“How Do Urology Residents Manage Personal Finances?” Urology, 57(5), 2001, 866-871 (with Joel Teichman, Eric Espinosa, Patricia Parker, Joana Meyer, Margaret Pearle, Glenn Preminger, and Raymond Leveille).


“Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates,”Journal of Public Economics, 80(3), June 2001, 435-465 (with Daniel M. Garrett and Dean Maki).



Some Highlights of Earlier Research


Note: a complete list of my publications is contained in my curriculum vita, which can be accessed above.


“Incomplete Contracts and Strategic Ambiguity,” American Economic Review, 88(4), September 1998, 902-932 (with Michael Whinston).


“Exclusive Dealing,” Journal of Political Economy, 106(1), February 1998, 64-103 (with Michael Whinston).


“Veblen Effects in a Theory of Conspicuous Consumption,” American Economic Review, 86(3), June 1996, 349-373 (with Laurie Simon Bagwell).


“A Theory of Conformity,” Journal of Political Economy 102(5), October 1994, 841-877.


“How Strong are Bequest Motives?  Evidence Based on Estimates of the Demand for Life Insurance and Annuities,” Journal of Political Economy 99 (5), October 1991, 899-927.


“Multimarket Contact and Collusive Behavior,” Rand Journal of Economics 21 (1), Spring 1990, 1-26 (with Michael Whinston). 


“Collective Dynamic Consistency in Repeated Games,” Games and Economic Behavior 1 (4), December 1989, 295-326 (with Debraj Ray).


“Is Everything Neutral?” Journal of Political Economy 96 (2), 1988, 308-338 (with Kyle Bagwell). 


“Coalition Proof Nash Equilibria I: Concepts,” Journal of Economic Theory 42 (1), June 1987, 1-12 (with Bezalel Peleg and Michael Whinston).


“On the Voluntary and Involuntary Provision of Public Goods,” American Economic Review 76 (4), September 1986, 789-793.


“Common Agency,” Econometrica 54 (4), July 1986, 923-942 (with Michael Whinston).


“Menu Auctions, Resource Allocation, and Economic Influence,” Quarterly Journal of Economics 101 (1), February 1986, 1-31 (with Michael Whinston).


“The Strategic Bequest Motive,” Journal of Political Economy 93 (6), December 1985, 1045-1076 (with Andrei Shleifer and Lawrence Summers).


“Rationalizable Strategic Behavior,” Econometrica 52 (4), July 1984, 1007-1028.


Supplemental Mathematical Appendices for Published Papers


Complete Mathematical Appendix for “Addiction and Cue-Conditioned Decision Processes,” American Economic Review, December 2004.


Complete Mathematical Appendix for “Bequests as Signals: An Explanation for the Equal Division Puzzle,” Journal of Political Economy, August 2003. (To be added.)


Work in Progress


“Behavioral Welfare Economics”

“Cheating within Imperfect Cartels”


“Saving and Cue-Triggered Decision Processes” (with Antonio Rangel).


“Memory and Re-experience Utility” (with Peter Coles).


“Power and Predictability in Legislative Bargaining” (with Xiachen Fan and Nageeb Ali)


“The Effects of Marital Status Transitions on Living Standards” (with Laurence Kotlikoff, Katherine Carman, and Neva Kerbeshian).


“Multidirectional Signaling” (with Sergei Severinov).


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