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B. Douglas Bernheim

Edward Ames Edmonds Professor of Economics
Academic Council Faculty
Director of Undergraduate Studies

B. Douglas Bernheim is the Edward Ames Edmonds Professor of Economics in the Department of Economics at Stanford University.

Professor Bernheim’s work has spanned a variety of fields, including public economics, behavioral economics, game theory, contract theory, industrial organization, political economy, and financial economics.  His notable contributions include the following: in the area of game theory, introducing and exploring the concepts of rationalizability (thereby helping to launch the field of epistemic game theory), coalition-proofness, and collective dynamic consistency (also known as renegotiation-proofness); in the area of incentive theory, introducing and exploring the concepts of common agency and menu auctions, and developing a theory of incomplete contracts; in the area of industrial organization, developing theories of multimarket contact and exclusive dealing; concerning social motives in economics, introducing and exploring the concept of strategic bequest motives, and developing theories of conformity, Veblen effects, and the equal division norm; developing and applying a framework for behavioral welfare economics; developing an economic theory of addictive behaviors; conducting the earliest economic analyses of financial education; and analyzing the conceptual foundations for Ricardian equivalence.


Related News

The University of Zurich awarded B. Douglas Bernheim an honorary doctorate. Bernheim gave a public lecture for the special occasion.
Douglas Bernheim, with co-authors Sandro Ambuehl and Axel Ockenfels, wins the 2022 Exeter Prize for the best paper in experimental economics, behavioral economics, and decision theory published in 2021. Their paper, “What motivates paternalism?


335 Landau Economics

Office Hours

Wednesday 3:30-5:00 PM via Zoom or appointment by email

Research Interests

Field of Interest
Behavioral Welfare Economics
Social Motives for Economic Choices
Financial Education
Policies Affecting Personal Saving
Theories of Collusion