Jeremy I. Bulow - The Richard Stepp Professor of Economics, Graduate School of Business, Stanford University

650-723-2160
650-725-0468
jbulow@stanford.edu
Knight Management Center
Stanford University
655 Knight Way
Stanford, CA 94305-7298
Office Hours: By Appointment, E354
Stanford GSB Faculty Profile

Faculty Assistant

The Richard A. Stepp Professor of Economics
Professor of Economics (by courtesy), School of Humanities and Sciences
Senior Fellow, Stanford Institute for Economic Policy Research
Business School Trust Faculty Fellow for 2018-2019

Research

Microeconomic Theory

"Durable Goods Monopolists," Journal of Political Economy 90, no. 2, (April 1982):314-32.
"A Note on the Effect of Cost Changes on Prices," (with Paul Pfleiderer). Journal of Political Economy 91, no. 1 (February 1983): 182–185.
"Holding Idle Capacity to Deter Entry," (with John Geanakoplos and Paul Klemperer). Economic Journal, (March 1985), pp. 178–82.
"Multimarket Oligopoly," (with John Geanakoplos and Paul Klemperer). Journal of Political Economy, 93, no. 3 (June 1985), pp. 488–511.
"An Economic Theory of Planned Obsolescence," Quarterly Journal of Economics, 101, no. 4, (November 1986):729–49.
"The Simple Economics of Optimal Auctions," (with John Roberts). Journal of Political Economy, 97, No. 5
(October, 1989):1060-1090.
"Rational Frenzies and Crashes," (with Paul D. Klemperer). Journal of Political Economy, 102, No. 1 (February 1994):1-23.
"Auctions vs. Negotiations," (with Paul D. Klemperer). American Economic Review, 86, No. 1 (March 1996):180-194.
"The Generalized War of Attrition," (with Paul D. Klemperer). American Economic Review, 89, No. 1, (March 1999) pp. 175-89.
"Toeholds and Takeovers," (with Ming Huang and Paul D. Klemperer). Journal of Political Economy, 107, No. 3, (June 1999): pp. 427-54.
"Prices and The Winner's Curse," (with Paul D. Klemperer). RAND Journal of Economics, 33, No. 1, (Spring 2002): pp. 1-21.
"Matching and Price Competition," (with Jonathan D. Levin). American Economic Review, 96, No.3, (June 2006), pp. 652-68.
"Why do Sellers (Usually) Prefer Auctions?," (with Paul Klemperer). American Economic Review, 99, No. 4, (September 2009), pp. 1544-75.
"Regulated Prices, Rent Seeking, and Consumer Surplus," (with Paul D. Klemperer). Journal of Political Economy, 120, No. 1, (February 2012), pp. 160-86.

International Debt

“A Constant Recontracting Model of Sovereign Debt,” (with Kenneth Rogoff). Journal of Political Economy, 97,no. 1, (February 1989): 155-78.
“Sovereign Debt: Is to Forgive to Forget?,” (with Kenneth Rogoff). American Economic Review, 79, no. 1, (March1989): 43-50.
“Multilateral Negotiations for Rescheduling Developing Country Debt: A Bargaining Theoretic Framework,” (with Kenneth Rogoff).International Monetary Fund Staff Papers, 35 (December 1988), pp. 644-57; reprinted in Jacob Frenkel (ed.) Analytical Issues in Debt (International Monetary Fund, Washington, D.C., 1989).
“The Buyback Boondoggle,” (with Kenneth Rogoff). Brookings Papers on Economic Activity 2 (1988), pp. 675-98.
“Empirical Evidence on Implicit Government Guarantees of Bank Foreign Loan Exposure: Comment,” Carnegie-Rochester Conference Series, Vol. 30, Spring 1989, pp.163-66.
“Cleaning Up Third World Debt Without Getting Taken to the Cleaners,” (with Kenneth Rogoff). Journal of Economic Perspectives, Vol. 4 No. 1, Winter 1990, pp.31-42.
“Sovereign Debt Repurchases: No Cure for Overhang,” (with Kenneth Rogoff). Quarterly Journal of Economics,Vol. CVI, Issue 4, November 1991, pp. 1219-35.
“Official Creditor Seniority and Burden-Sharing in the former Soviet Bloc,” (with Kenneth Rogoff and Alfonso Bevilaqua). Brookings Papers on Economic Activity, 1992 No. 1, pp. 195-222.
“Comment on “The Debt Crisis: A Post Mortem,” NBER Macroeconomics Annual, 7, 1992 , pp.105-109.
“Debt and Default: Corporate vs. Sovereign,” New Palgrave Dictionary of Money and Finance, P. Newman, Murray Milgate, and John Eatwell, eds. (New York: Stockton Press), 1992. pp. 579-82.
“First World Governments and Third World Debt,” Brookings Papers on Economic Activity 1 (2002), pp. 229-255.

Corporate Finance and Pensions

“Inflation Accounting and Nonfinancial Corporate Profits: Physical Assets,” (with J. B. Shoven). Brookings Papers on Economic Activity 3 (1975): 557–608.
“Inflation Accounting and Nonfinancial Corporate Profits: Financial Assets and Liabilities,” (with J. B. Shoven). Brookings Papers on Economic Activity 1 (1976): 15–57.
“The Definition of Taxable Business Income,” (with E. Cary Brown). In Joseph A. Pechman (ed.), Comprehensive Income Taxation. Washington, D. C. : Brookings Institution, 1977.
“The Bankruptcy Decision,” (with J. B. Shoven). Bell Journal of Economics 9, no. 2 (Autumn 1978): 437–56.
“What are Corporate Pension Liabilities?” Quarterly Journal of Economics, (August 1982): 435–52.
“The Effect of Inflation on the Private Pension System,” In R. W. Hall (ed.), Inflation: Causes and Effects. Chicago:University of Chicago Press, 1982.
“Inflation, Corporate Profits, and the Rate of Return to Capital,” (with J. B. Shoven ). In R. W. Hall (ed.), Inflation: Causes and Effects. Chicago: University of Chicago Press, 1982.
“Who Owns the Assets in a Defined Benefit Pension Plan?” (with Myron Scholes). In Z. Bodie and J. Shoven (eds.), Financial Aspects of the U.S. Pension System Chicago, University of Chicago Press, 1984.
“Economic Implications of ERISA,” (with Myron Scholes and Peter Menell). In Z. Bodie and J. Shoven (eds.), Financial Aspects of the U.S. Pension System, Chicago, University of Chicago Press, 1984.
“The Taxation of Risky Assets,” (with Lawrence Summers). Journal of Political Economy, 92, no. 1, (February 1984): 20–39.
“The Relationship between Wages and Benefits,” (with Wayne Landsman). In D. Wise (ed.), Pensions, Labor, and Individual Choice, Chicago, University of Chicago Press, 1985.
“How Does the Market Value Unfunded Pension Liabilities?” (with Randall Mork and Lawrence Summers). In Z. Bodie, J. Shoven, and D. Wise (eds.), Issues in Pension Economics, Chicago, University of Chicago Press, 1986.
“Distinguishing Debt from Equity in the Junk Bond Era,” (with Lawrence H. Summers and Victoria P. Summers). In J. Shoven and J. Waldfogel (eds.), Debt Taxes and Corporate Restructuring, Washington, D.C., Brookings Institution, 1990.
“Accounting for Stock Options,” (with John B. Shoven), Journal of Economic Perspectives, 19, No. 4, (Fall 2005), pp. 115-134.

Miscellaneous Topics

“U.S. Midwest Gasoline Pricing and the Spring 2000 Price Spike,” (with Jeffrey H. Fischer, Jay S. Creswell Jr., and Christopher T. Taylor); The Energy Journal, Vol. 24, No. 3, 2003. pp. 121-149.
“Rates of Return by Industrial Sector in the United States, 1948–76: Discussion,” (with Ben S. Bernanke). American Economic Review 70, no. 2 (May 1980): 338–39.
“Tax Reform and Income Redistribution: Issues and Alternatives,” (with W.C. Brainard, J. Tobin, and J.B. Shoven), Essays in Economics, Theory and Policy, Vol. 3, Cambridge, Mass.: MIT Press, 1982, pp. 585-609
“Retroactive Money,” (with H. M. Polemarchakis). Economica 56, (August 1983): pp. 301–310.
“A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination, and Keynesian Unemployment,” (with Lawrence Summers). Journal of Labor Economics, 4, no. 3, pt. 1, (July, 1986), pp. 376–414.
“The Tobacco Deal,” (with Paul D. Klemperer). Brookings Papers on Economic Activity (Microeconomics) 1998
“The Donation Booth: Mandating Donor Anonymity to Disrupt the Market for Political Influence,” (with Ian Ayres). Stanford Law Review, vol. 50 no. 3 (February 1998), pp. 837-91.
“Profiting from Smokers,” Southern Economic Journal, vol.69 no.3, (2003), pp. 736-742
“The Gaming of Pharmaceutical Patents,” in “Innovation Policy and the Economy,” Adam B. Jaffe, Scott Stern, and Josh Lerner, eds., Vol. 4; MIT Press, 2004. pp. 145-87.
“The BP Amoco-ARCO Merger: Alaskan Crude Oil (2000),” (with Carl Shapiro), in The Antitrust Revolution; John E. Kwoka Jr. and Lawrence J. White, eds., 4th edition; Oxford University Press, 2004. pp. 128-149.
“The Tobacco Settlement,” Milken Institute Review, Fourth Quarter, 2006, pp. 40-54.
“Private and Public Pension Reform,” in Challenges Ahead for the Portuguese Economy, Francesco Franco, ed., Imprensa de Ciências Sociais, 2009, pp. 185-98.

Op Ed Articles

“If You Smoke, Florida Wants to Tax You,” with (Daniel P. Kessler), The Wall Street Journal, November 26, 1997.
“Robbing Smokers to Pay Lawyers,” (with Daniel P. Kessler), The Wall Street Journal, April 7, 1998.
“A Sweet Deal for a Tobacco Executive,” The Wall Street Journal, May 13, 1998.
“The Donation Booth,” (with Ian Ayres), The Boston Review, December-January 1998, pp. 26-27.