Age, Biography and Wiki

Eric Maskin was born on 12 December, 1950 in New York City, US, is an American Nobel laureate in economics. Discover Eric Maskin's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 73 years old?

Popular As N/A
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Age 73 years old
Zodiac Sign Sagittarius
Born 12 December, 1950
Birthday 12 December
Birthplace New York City, US
Nationality United States

We recommend you to check the complete list of Famous People born on 12 December. He is a member of famous with the age 73 years old group.

Eric Maskin Height, Weight & Measurements

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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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Eric Maskin Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Eric Maskin worth at the age of 73 years old? Eric Maskin’s income source is mostly from being a successful . He is from United States. We have estimated Eric Maskin's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
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Timeline

1950

Eric Stark Maskin (born December 12, 1950) is an American economist and mathematician.

Maskin was born in New York City on December 12, 1950, into a Jewish family, and spent his youth in Alpine, New Jersey.

1968

He graduated from Tenafly High School in Tenafly, New Jersey, in 1968.

1972

In 1972, he graduated with A.B. in mathematics from Harvard College, the undergraduate liberal arts college of Harvard University.

1974

In 1974, he earned A.M. in applied mathematics and in 1976 earned a Ph.D. in applied mathematics, both at Harvard University.

1975

In 1975–76, he was a visiting student at Darwin College, Cambridge University.

1976

In 1976, after earning his doctorate, Maskin became a research fellow at Jesus College, Cambridge University.

In the following year, he joined the faculty at Massachusetts Institute of Technology.

1980

A natural experiment occurred in the 1980s when patent protection was extended to software", wrote Maskin with co-author James Bessen. "Standard arguments would predict that R&D intensity and productivity should have increased among patenting firms.

Consistent with our model, however, these increases did not occur". Other evidence supporting this model includes a distinctive pattern of cross-licensing and a positive relationship between rates of innovation and firm entry.

1985

In 1985 he returned to Harvard as the Louis Berkman Professor of Economics, where he remained until 2000.

1987

In 1987, he was a visiting fellow at St John's College, Cambridge.

2000

In 2000, he moved to the Institute for Advanced Study in Princeton, New Jersey.

In addition to his position at the Princeton Institute, Maskin is the director of the Jerusalem Summer School in Economic Theory at The Institute for Advanced Studies at The Hebrew University of Jerusalem.

2003

He was president of the Econometric Society in 2003.

2007

He was jointly awarded the 2007 Nobel Memorial Prize in Economic Sciences with Leonid Hurwicz and Roger Myerson "for having laid the foundations of mechanism design theory".

He is the Adams University Professor and Professor of Economics and Mathematics at Harvard University.

2010

In 2010, he was conferred an honorary doctoral degree in economics from The University of Cambodia.

2011

Until 2011, he was the Albert O. Hirschman Professor of Social Science at the Institute for Advanced Study, and a visiting lecturer with the rank of professor at Princeton University.

In 2011, Maskin returned to Harvard as the Adams University Professor and professor of economics and mathematics.

Maskin has worked in diverse areas of economic theory, such as game theory, the economics of incentives, and contract theory.

He is particularly known for his papers on mechanism design/implementation theory and dynamic games.

With Jean Tirole, he advanced the concept of Markov perfect equilibrium.

His research projects include comparing different electoral rules, examining the causes of inequality, and studying coalition formation.

Maskin is a Fellow of the American Academy of Arts and Sciences, Econometric Society, and the European Economic Association, and a Corresponding Fellow of the British Academy.

2014

In 2014, Maskin was appointed as a visiting professor at Covenant University, Nigeria.

2017

In September 2017, Maskin received the title of HEC Paris Honoris Causa Professor.

2018

He also served on the Social Sciences jury for the Infosys Prize in 2018.

Furthermore, he is the chairman of the advisory board of the International Economics Olympiad.

Along with Ned Foley, he has proposed the use of Baldwin's voting method, under the name "Total Vote Runoff", as a way to fix problems with the instant-runoff method ("Ranked Choice Voting") in U.S. jurisdictions that use it, ensuring majority support of the winner and electing more broadly-acceptable candidates.

Maskin suggested that software patents inhibit innovation rather than stimulate progress.

Software, semiconductor, and computer industries have been innovative despite historically weak patent protection, he argued.

Innovation in those industries has been sequential and complementary, so competition can increase firms' future profits.

In such a dynamic industry, "patent protection may reduce overall innovation and social welfare".