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5 unusual facts about Jacques Drèze


Jacques Drèze

The next steps in the theoretical research came with the work of John Roberts on supply-constrained equilibria at competitive prices, and then with the dissertation of Jean-Jacques Herings at Tilburg (1987, 1996).

Following a joint paper by Drèze and Sneessens (71), a major project (the European Unemployment Program) directed by Jacques Drèze and Richard Layard led to estimation of a common disequilibrium model in ten countries (B4, 93, 94).

Roberts, J. (1987), "An equilibrium model with involuntary unemployment at flexible, competitive prices and wages", American Economic Review 77, 856-74.

Radner, R. (1967), "Equilibre des marchés à terme et au comptant en cas d’incertitude", Cahiers du Séminaire d’Econométrie 17, 35-52.

Radner, R. (1972), "Existence of Equilibrium of Plans, Prices and Price Expectations in a Sequence of Markets", Econometrica 40, 289-304.



see also