Professor

Professor Emeritus Jacob Paroush

parouss@012.net.il

Education

1955-1958	Economics and Mathematics, B.A., The Hebrew University of Jerusalem.
1959-1962	Statistics, M.A. Cum Laude, The Hebrew University of Jerusalem.
1967-1969	Economics, Ph.D. Columbia University Subject of thesis (M.A.): Uses of Facet Analysis and Factor Analysis in Economics. Subject of dissertation (Ph.D.): Consumption Technology and Order Relations in Consumption

Positions Held

1964-1967	Non-Resident Lecturer, The Hebrew University
1963-1967	Senior Economist, Research Dept., The Bank of Israel.
1970-1971	Visiting Associate Professor, Rutgers University
1971-1974	Senior Lecturer, Bar-Ilan University.
1973-1975	Head of Economics Dept., Bar-Ilan University.
1974-1978	Associate Professor of Economics, Bar-Ilan University.
1976-1977	Visiting Associate Professor, The University of Toronto.
1979-Present	Full Professor of Economics, Bar-Ilan University.
1980-1981	Visiting Professor at New York University and Rutgers University.
1984-1985	Visiting Professor at the City University of New York.

Honor

1969	Freidman Prize for the best Ph.D. dissertation in Economics in 1969 at Columbia University.

Professional Activity

1976-1984	Member of the Editorial Board of European Economic Review.
1977-1978	Member of the Editorial Board of Bank of Israel Bulletin.
1980-1991	A reviewer for Mathematical Reviews.
1981-1984	Member of the Editorial Advisory Board of Journal of Economics and Business.
1985-Present	Member of the Editorial Board of Issues in Banking (Hebrew).
1991-Present	Member of the Editorial Board of the Atlantic Economic Journal.
1998-1999	President of the Israeli Economic Association.

Publications

"The Order of Acquisition of Durable Goods," Bank of Israel Bulletin, No.20, Jerusalem, December 1963.
"A Note on the CES Production Function," Econometrica, January-April 1964.
"The Order of Acquisition of Consumer Durables," Econometrica, January 1965.
"The Growth of Ownership of Durable Goods in Israel," Bank of Israel Bulletin, No.24, Jerusalem, December 1965.
"The h-Homogeneous Production Function with CES: A Note," Econometrica, January 1966.
"Stock, Consumption and Net Investmnent in Durable Goods in Israel, 1956-63," Bank of Israel Bulletin, No.26, Jerusalem, June 1966.
"Differences in Consumption of Various Strata of Population," The Economic Quarterly, June 1966 (Hebrew).
"Integer Programming Technique to Construct Statistical Tests," The American Statistician, December 1969.
"On the Interaction of Income and Prices in Consumer Demand," European Economic Review, 1971.
"On the Differential Effects of Tight Money," (with J. Prager), The Journal of Finance, September 1971.
The Theory of Demand, Bar-Orian, 1972 (Hebrew).
"Efficient Purchasing Behavior and Order Relations in Consumption," Kyklos, 1973/I.
"Investment Policy Under Uncertainty: The Case of Search in a Multi-Market Situation," The Southern Economic Journal, January 1974.
"Toward Multi-Variate Efficiency Criteria," (with H. Levy), Journal of Economic Theory, February 1974.
"Multi-Period Stochastic Dominance," (with H.Levy), Management Science, December 1974.
"Risk and Wealth Effects on Efficient Portfolios," Metroeconomica, 1974.
"Efficiency Analysis for Multi-Variate Distributions," (with D. Levhari and B. Peleg), The Review of Economic Studies, January 1975.
"Utility Separation and Efficient Behavior in Demand Theory," Kyklos, 1975/I.
"Risk Premium With Many Commodities," Journal of Economic Theory, October 1975.
"Are Defense Budgets Too Large?" (with I. Venezia), Public Finance, No.3, 1976.
"Optimal Location of a Polluting Plant on a Line Under Uncertainty," (with C. Tapiero), Journal of Regional Science, Dec.1976.
"The Risk Effect and Investment in Human Capital," European Economic Review, December 1976.
"Capital Budgeting of Interdependent Projects: Activity Analysis Approach," (with J. Goldwerger), Management Science, July 1977.
"Sensitivity Analysis of the Classical Transportation Problem - A Combinatorial Approach," (with J. Intrator), Computers & Operations Research, 1977.
"The Behavior of Productive Cooperative Under Inflation," (with N. Kahana), in Israel Economic Papers, 1977 J. Kop (ed.) (Hebrew).
"Search for Information and Portfolio Selection," (with Y. Peles), Journal of Banking and Finance, August 1978.
"Improving Loops and Vanishing Variables in Long Transportation Problems," (with J. Intrator), Computers & Operations Research, 1978.
"On Quality Discriminations," The Southern Economic Journal, October 1978.
"Employment Pressure in Israel: 1967-75," (with M. Baron), Bank of Israel Bulletin, No. 45-46, Jerusalem, February 1979.
"Is the Macro Production Function Necessarily Linear Homogeneous?" (with H. Ofek), Journal of the New York State Economic Association, Vol. IX, 1979.
"On the Theory of the Competitive Firm With a Utility Defined on Profits and Regret," (with I. Venezia), European Economic Review, 1979.
"The Use of Quantitative Methods in the Research of the Israeli Economy: A Survey, in Israel Economic Papers, 1979, M. Bruno (ed.) (Hebrew).
"The Demand Function With Quality," (with D. Levhari), Economics Letters, 1979.
"The Effect of Forward Markets on Exporting Firms," (with E. Katz), Economics Letters, 1979.
"Price Uncertainty and the Cooperative Firm," (with N. Kahana), The American Economic Review, March 1980.
"Social Choice, Social Ordering and the Allocation of Power: The Possibility of Manipulation from Above," (with S. Lampert and S. Nitzan), State Government and International-Relations, 1980.
"The Stochastic Dominance Criteria, Mortality Risk and Investment in Education: A Cross-Country Comparison," (with J. Silber) in Research in Finance, H. Levy (ed.) (an annual compilation), Vol. II, 1980.
"Preference Expression and Misrepresentation in Points Voting Schemes," (with S. Nitzan and S. Lampert), Public Choice, 1980.
"Investment in Human Capital and Social Self-Protection Under Uncertainty," (with S. Nitzan), International Economic Review, October 1980.
"The Combined Monopoly and Optimal Packaging," (with Y. Peles), European Economic Review, 1981
"Relative Efficiency and Risk Aversion," Journal of Banking and Finance, 1981.
"Market Research as Self Protection of a Competitive Firm Under Price Uncertainty," International Economic Review, June 1981
"On Characterization of Decisive Weighted Majority Rules," (with S. Nitzan), Economics Letters, 1981.
"Economic Aspects of Diffusion Models," (with Y. Liebermann), Journal of Economics and Business, 1982.
"Price Uncertainty and the Discriminating Firm in International Trade," (with E. Katz and N. Kahana), International Economic Review, June 1982
"Optimal Decision Rules in Uncertain Dichotomous Choice Situations," (with S. Nitzan), International Economic Review, June 1982.
"The Role of Risk Aversion Under Certainty," (with E. Katz), Atlantic Economic Journal, July 1982.
"On the Adequacy of Government Budgets," (with I. Venezia), Atlantic Economic Journal, July 1982.
"The Firm's Trade Credit Under Uncertainty and Some Macro Implications," (with M. Sokoler), in Research in Finance, Vol. IV, 1983, H. Levy (ed).
"Small Panels of Experts in Dichotomous Choice Situations," (with S. Nitzan), Decision Sciences, July 1983.
"A Multi-Factor Labor Managed Firm Under Price Uncertainty" (with N. Kahana), Eastern Economic Journal, January-March, 1984.
"Are Qualified Majority Rules Special?" (with S. Nitzan), Public Choice, 1984.
"Royalty vs. Partnership Agreement in The Creative Arts," (with E. Katz), Atlantic Economic Journal, 1984.
"The Significance of Independent Decisions in Uncertain Dichotomous Choice Situation," (with S. Nitzan), Theory and Decision, 1984.
"Human Capital and Financial Equilibrium," (with Y. Landskroner), Journal of Economics and Business, 1984.
"Potential Variability of Decisional Skills in Uncertain Dichotomous Situation," (with S. Nitzan), Mathematical Social Sciences, 1984.
"Manipulation from Above and Political Concentration," (with S. Lampert and S. Nitzan), Political Methodology, 1984.
"A General Theorem and Eight Corollaries in Search of a Correct Decision," (with S. Nitzan), Theory and Decision, 1984.
"Partial Information in Decisional Competences and the Desirability of the Expert Rule in Uncertain Dichotomous Choice Situation," (with S. Nitzan), Theory and Decision, 1984.
"Notes On Partnerships in the Services Sector," Journal of Economic Behavior and Organization, January, 1985
Collective Decision Making: An Economic Outlook, (with S. Nitzan), Cambridge University Press, 1985.
"On the Negligence of Consultants," Dinei Israel, Vol. 12, Tel Aviv University, 1985 (Hebrew).
"Optimal Decision Making Under Dichotomous Choice: The Basic Result and Some Generalizations," (with S. Nitzan), in Information Pooling and Group Decision Making, ed. by B. Grofman and G. Owen, JAI Press Inc. Greenwich CT, 1986.
"Sales Optimization Under Unstable Profit Constraint," Managerial and Decision Economics, June, 1986.
"Formation of Natural Monopolies and Superior Cartels in Risk-Augmented Cournot Markets," (with H. Ofek), Atlantic Economic Journal, July 1986.
"Production and Hedging Decisions in Futures and Forward Markets," (with A. Wolf), Economics Letters, Vol. 21, No. 2, 1986.
"Automated Teller Machines and the Share of Demand Deposits in the Money Supply: The Israeli Experience," (with D. Rothenberg), European Economic Review, December 1986.
"Inflation, Search Costs and Price Dispersion," Journal of Macroeconomics, December 1986.
"Cooperatives with Cost Saving," (with Y. Don), Advances in the Economic Analysis of Participatory and Labor Managed Firms, Vol. II, 1987.
"The Problem of Restrictions on the Banking System," (with Y. Haim and I. Swary), Issues in Banking, Vol. 7, Bank of Israel, 1988 (Hebrew).
"The Essential Ranking of Decision Rules in Small Panels of Experts," (with D. Karotkin and S. Nitzan), Theory and Decision, 1988.
"Domino Effect and the Supervision of the Banking System," The Journal of Finance, December 1988.
"Robustness of Optimal Majority Rules Over Teams with Changing Size," (with D. Karotkin), Social Choice and Welfare, April 1989.
"Production and Hedging Decisions in the Presence of Basis Risk," (with A. Wolf), The Journal of Futures Market, December 1989.
"Interaction Between Banking Activity and Extra-Banking Activity in the Financial Intermediation System," (with J. Swary and J. Weiss), Quarterly Banking Review, 27, No. 106, 1989 (Hebrew).
"Multi-Choice Problems and the Essential Order Among Decision Rules," Economic Letters, 1990.
"The Economics of Debt Relief," (with Y. Lanskroner), Atlantic Economic Journal, June 1990.
"Tax Evasion and Portfolio Decisions," (with Y. Landskroner and I. Swary), Public Finance, 1990.
"Collective Decision Making and the Limits on the Organization's Size," (with M. Gradstein and S. Nitzan), Public Choice, September 1990.
"The Effect of Uncertainty, Market Structure and the Bank's Credit Risk Policy on the Financial Spreads," Issues in Banking, June 1991 (Hebrew).
"Credit Risk Measurement," International Review of Economics and Finance, January 1992
"Hedging Cost Uncertainty in Futures Markets and Input Structure in Production Technology," (with A. Wolf), Economic Journal, July 1992.
"The Simultaneous Determination of Size and Quality of Teams of Decision Makers," Economic Notes, Vol. 22, No. 1, 1993
"New Money and Adjustment Policies," (with Y. Landskroner), The International Review of Financial Analysis, Vol 2, No. 3, 1993.
"Variability of Decision Ability and Essential Order of Decision Rules," (with D. Karotkin), Journal of Economic Behavior and Organization, May 1994.
"Deposit Insurance Pricing and Social Welfare," (with Y. Landskroner), Journal of Banking and Finance, Vol. 18, No. 3, 1994 .
"The Optimal Structure of A Banking System: The Case of Israel," (with D. Ruthenberg), Bank of Israel: Banking Review, No. 4, 1994.
"The Size of the Executive Board of Labor-Managed Firms," (with N. Kahana), Advances in the Economic Analysis of Participatory and Labor-Managed Firms, Vol. 5, 1995.
"The Effect of Merger and Acquisition Activity on the Safety and Soundness of a Banking Systems," The Review of Industrial Organization, Vol 10, No. 1, February 1995.
"Incentive Schemes for Investment in Human Capital by Members of Teams of Decision Makers," (with D. Karotkin), Labor Economics, Vol.2, 1995.
"Price Discrimination with One-Way Separated Markets," (with U. Spiegel), International Journal of the Economics of Business, Vol. 2, No. 3, 1995.
"Venture Capital: Risk Sharing and Incentive with Asymmetric Information," (with Y. Landskroner), International Review of Economics and Finance, Vol. 4. No. 4, 1995.
"Price Uncertainty and the Labor Managed Firm: Comment," (with N. Kahana), Southern Economic Journal, Vol. 62, No. 3, January 1996
"The Impact of Inflation on Interest Rate Risk in Banking," (with D. Ruthenberg), Bank of Israel: Banking Review, No. 5, March 1996.
"On the Relative Importance of Duration Constraints," (with E.Z. Prisman), Management Science, Vol. 43, No. 2, February 1997.
"Order Relations Among Efficient Decision Rules," Theory and Decision, Vol. 43, 1997.
"Stay Away from Fair Coins: A Condorcet Jury Theorem," Social Choice and Welfare, Vol. 15, January 1998.
"Collective Decision Making in Hierarchies," (with S. Berg), Mathematical Social Sciences, Vol. 35, No. 3, 1998 .
"When Condorcet's Jury Theorem is Valid?" (with D. Berend), Social Choice and Welfare, Vol. 15, 1998.
"Credit Risk in Banking - Measurement Methods and Findings: Israel 1992-95," (with D. Zaken), Bank of Israel: Banking Review, No. 6, October 1998.
"Sovereign Debts, Restructuring and Bank Capital" (with Y. Landskroner), International Journal of the Economics of Business, Vol. 6 No.2, 1999.
"The Econometric Model of the Banking System in Israel," (with A. Barnea, D. Geva, Y. Landskroner and D. Ruthenberg), Bank of Israel: Banking Review, No. 7, December 1999.
"Criteria for Contracting Out Decision When Contractors can Decieve" (with J. Prager), Atlantic Economic Journal, December 1999.
"A Nonasymptotic Condorcet Jury Theorem" (with R. Ben-Yashar), Social Choice and Welfare, Vol. 17, 2000.
"Optimal Decision Rules for Fixed-Size Committees in Polychotomous Choice Situation" (with R. Ben-Yashar), Social Choice and Welfare (forthcoming, 2001).
"On the Optimal Structure of the Banking Industry in Israel" (with A. Barnea and H. Konforti), Issues in Banking, No. 15 (forthcoming, 2001).
"Investment Advising When the Supplier of Information Faces Conflicting Interests" The Economic Quarterly (forthcoming, 2001).
"New Money After Restructuring Bad Money" (with Y. Landskroner) Economic Notes (forthcoming).
"Optimal Deception in the Presence of Conflict of Interests in Bank Activities" (with M. Krausz), Journal of Economics and Business (forthcoming, 2002).
"The Optimal Policy of Investment in Human Capital: The Example of Collective Decision Makers," (with R. Ben-Yashar), Journal of Public Economic Theory (forthcoming).
"Endogeneous Red Tape: Bureaucracy as Oil on the Hinges of a Revolving Door" (with E. Brezis and A. Weiss), (forthcoming).

Last Updated Date : 12/05/2022