John Duffy (economist)

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][non-primary source needed]} 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.

See also

• Eli Berman
• Peter Navarro
• Jay Bhattacharya