Karl Borch Lecture 2004

Karl Borch Lecture 2004

The Karl Borch Lecture is an annual lecture held by world-class scholars on a current research topic.

The Karl Borch Lecture Series was established in 2002 by the Department, in honor of Borch.
The lecture is on a current research topic and given by distinguished scholars, whose research capture the pioneering spirit of Karl Borch, but not necessarily his fields of research in a narrow sense.

The Karl Borch Lecture is sponsored by the Institute for Research in Economics and Business Administration (SNF).

Karl Borch Lecture 2004

The 3rd Karl Borch Lecture was given by Professor Robert Wilson, Stanford University, on the topic

Risk Management in Liberalized Electricity Markets

The lecture was held at NHH on Friday October 29 2004 (12.15-13.45 in Finn E. Kydland's Aud.).

Please see the press release (in Norwegian) for further details. An abstract, a partial draft and slides are also available.

Professor Wilson also gave an additional lecture, in the Department's Seminar Series, on Thursday October 28 2004, entitled Characterizations of Stable Equilibria of Games (based on two papers: abstract, slides, paper 1, paper 2).


Karl Borch Lectures 2002-2016
Thursday 06.10.2016, 12.15-13.45, Karl Borch's Aud.

Andrew W. Lo, Massachusetts Institute of Technology

Can Financial Engineering Cure Cancer?

Thursday 03.09.2015, 12.15-13.45, Agnar Sandmo's Aud.

Lasse Heje Pedersen, Copenhagen Business School

Efficiently Inefficient

Friday 24.05.2013, 12.15-13.45, Karl Borch's Aud.

David M. Kreps, Stanford University

Motivation versus Incentives

Thursday 31.05.2012, 12.15-13.45, Karl Borch's Aud.

Eduardo Schwartz, University of California, Los Angeles

The Real Options Approach to Valuation: Challenges and Opportunities

Tuesday 23.08.2011, 13.10-14.20, Dag Coward's Aud.

John Y. Campbell, Harvard University

Investing and Spending: The Twin Challenges of Endowment Management

Friday 07.05.2010, 12.15-13.45, Karl Borch's Aud.

Christian Gollier, Toulouse 1 Capitole University

The economics of long term discounting

Monday 08.06.2009, 12.15-13.45, Karl Borch's Aud.

Jacques Drèze, Université catholique de Louvain

When Borch's Theorem does not apply: Some key implications of market incompleteness, with policy relevance today

Friday 05.09.2008, 12.15-13.45, Karl Borch's Aud.

Mark Rubinstein, University of California, Berkeley

Great Moments in Financial Economics: The Hidden History

Friday 08.06.2007, 12.15-13.45, Aud. E

Hayne Leland, University of California, Berkeley

The Optimal Financial Scope of the Firm

Friday 12.05.2006, 12.15-13.45, Aud. C

Stephen A. Ross, Massachusetts Institute of Technology

A Neoclassical Look at Behavioral Finance: A Tale of Two Anomalies

Friday 23.09.2005, 12.15-13.45, Karl Borch's Aud.

Michael Brennan, University of California, Los Angeles

Changing attitudes towards risk

Friday 29.10.2004, 12.15-13.45, Finn E. Kydland's Aud.

Robert Wilson, Stanford University

Risk Management in Liberalized Electricity Markets

Thursday 15.05.2003, 12.15-13.45, Aud. E

Oliver Hart, Harvard University

Firms versus Contracts

Friday 03.05.2002, 13.15-14.45, Aud. E

Bengt Holmström, Massachusetts Institute of Technology

Liquidity and Insurance

Karl H. Borch

Karl H. Borch was a professor at NHH between 1963 and 1986, and is considered one of the founders of economics of uncertainty, counting 150 scientific articles in journals and conference proceedings, and three books.

Robert Wilson

Robert Wilson is the Adams Distinguished Professor of Management, Emeritus, at the Stanford Business School, where he has been on the faculty since 1964.

His research and teaching are on market design, pricing, negotiation, and related topics concerning industrial organization and information economics. He is an expert on game theory and its applications.

Professor Wilson has been a major contributor to auction designs and competitive bidding strategies in the oil, communication, and power industries, and to the design of innovative pricing schemes. His work on pricing of priority service for electric power has been implemented in the utility industry.

His book on Nonlinear Pricing (Oxford Press, 1993) is an encyclopedic analysis of tariff design and related topics for public utilities, including power, communications, and transport; it won the 1995 Leo Melamed Prize, awarded biannually by the University of Chicago for “outstanding scholarship by a business professor.”

His work on game theory includes wage bargaining and strikes, and in legal contexts, settlement negotiations. He has authored some of the basic studies of reputational effects in predatory pricing, price wars, and other competitive battles.

He has published approximately 100 articles in professional journals and books. He has been an associate editor of several journals, and delivered several public lectures.

He is an elected member of the National Academy of Sciences, and a fellow, former officer and Council member of the Econometric Society. NHH conferred an honorary Doctor of Economics degree in 1986, and the University of Chicago, an honorary Doctor of Laws degree in 1995.