John Duffy (economist) explained

John Duffy (born January 2, 1964) is an American economist. He is a professor of economics at the University of California, Irvine.

Education and career

Duffy earned an AB in economics from the University of California, Berkeley and a PhD in economics from the University of California, Los Angeles.^[1] He is a professor of economics at the University of California, Irvine^[2] and is also affiliated with the Institute for Social and Economic Research (ISER) at Osaka University.^[3] He was previously a professor of economics at the University of Pittsburgh.^[1] Duffy's research interests are behavioral economics, experimental economics, game theory and macroeconomics.^[4] His work has been published in The American Economic Review and The Review of Economic Studies, among other venues.^[5]

Duffy is known for promoting the use of experimental methods to evaluate macroeconomic models and assumptions and to address questions of equilibrium selection.^{[6] [7] [8]} He advocates for the use of experimental methods to empirically validate agent-based models and heterogeneous agent models.^{[9] [10]}

Selected works

• Duffy, John and Daniela Puzzello. "The Friedman Rule: Experimental Evidence" International Economic Review 63 (2022), 671-698.
• Duffy, John and Frank Heinemann. "Central Bank Reputation, Cheap Talk and Transparency as Substitutes for Commitment: Experimental Evidence" Journal of Monetary Economics 117 (2021), 887-903.
• Duffy, John, Sean Crockett and Yehuda Izhakian. "An Experimental Test of the Lucas Asset Pricing Model," Review of Economic Studies 86 (2019), 627–667.
• Duffy, John and Daniela Puzzello, "Gift Exchange versus Monetary Exchange: Theory and Evidence," American Economic Review 104 (2014), 1735–1776.
• Duffy, John and Eric O’N. Fisher, "Sunspots in the Laboratory," American Economic Review 95 (2005), 510–529.
• Duffy, John and Jack Ochs, "Emergence of Money as a Medium of Exchange: An Experimental Study," American Economic Review 89 (1999), 847–877.

Notes and References

1. Web site: CV. John Duffy's homepage. December 31, 2020.
2. Web site: Faculty Directory. School of Social Sciences. University of California, Irvine. December 31, 2020.
3. Web site: Faculty Directory. Institute for Social and Economic Research, Osaka University. August 7, 2024.
4. Web site: Bio. John Duffy's homepage. January 26, 2021.
5. See selected works.
6. Book: Duffy, John. 2016. Handbook of Experimental Economics Vol. 2. Kagel. John. Roth. Alvin. Princeton University Press . 1–90. 9780691139999.
7. Book: 2016. Experiments in Macroeconomics. Duffy. John. Emerald Group Publishing . 978-1784411947.
8. Book: Duffy, John. 2008. The New Palgrave Dictionary of Economics, 2nd Ed. . Durlauf . Steven. Steven Durlauf . Blume. Lawrence E.. Lawrence E. Blume . Palgrave Macmillan. 9780333786765.
9. Book: Duffy, John. 2006. Handbook of Computational Economics Vol. 2 . Tesfatsion. Leigh. Judd . Kenneth L.. North-Holland . 949–1011. 978-0444512536.
10. Book: Arifovic. Jasmina. Duffy. John. 2018. Handbook of Computational Economics Vol. 4 . Hommes. C.. LeBaron. Kenneth B.. North-Holland . 491–540. 978-0444543141.