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SIPA Faculty
W. Bentley MacLeod
International Affairs Building, Room 1427A
Professor of International and Public Affairs and Economics
Phone: 212-854-4212
bentley.macLeod@sipa.columbia.edu
wbm2103@columbia.edu
Biography:
Professor MacLeod's scholarship focuses on understanding incentive contracts in dynamic settings and how optimal contracts are the consequence of a complex interplay between reputation effects, market competition, and social norms.
His recent publications include "Caring About Sunk Costs: A Behavioral Solution to Hold-Up Problems with Small Stakes," with H. Lorne Carmichael in Journal of Law Economics and Organization (2003); "Optimal Contracting with Subjective Evaluation," in American Economic Review (2003); and "Complexity and Contract" in The Economics of Contract in Prospect and Retrospect, edited by E. Brousseau and J. M. Glachant (Cambridge 2002).
He was the recipient of the 2002 H. Gregg Lewis prize awarded by the Society of Labor Economists for his article "Worker Cooperation and the Ratchet" with H. Lorne Carmichael.
Professor Macleod holds a BA and an Msc in mathematics from Queen's University and a PhD in economics from the University of British Columbia.