Edward Schlee studies the economics of uncertainty and information. He joined the W. P. Carey School in 1990. He has held Visiitng Professor positions at the University of Michigan and the Toulouse School of Economics, and visiting scholar positions at Stanford University, the Toulouse School of Economics, the John Hopkins University, and the University of Washington. He has published articles in the American Economic Review, the RAND Journal of Economics, the Journal of Economic Theory, Economic Theory, Theoretical Economics, the Journal of Mathematical Economics, and the History of Political Economy.
Professor Schlee was a member of the editorial board of American Economic Review from 2014-17. He has been an associate editor for the Geneva Papers on Risk and Insurance Theory since 1993 and for the Journal of Public Economic Theory since 2017.
Education
Ph.D. Economics, University of Illinois 1988
B.A. Social Science (History, Philosophy, and Economics), University of North Texas 1982
``Prices vs Quantities with Risk Aversion,'' revision requested by the Journal of Public Economics.
``Prices vs Quantities in the Small with Risk Aversion and Income Effects''
''Flexibility and Risk Aversion''
``Money-Metric Complementarity and Normal Demand' (with M. Ali Khan)
``The First and Second Welfare Theorems with Non-ordered Preferences," (with M. Ali Khan)
An Optimal Mechanism for the Commons without Quasilinearity
Estimating Money Metrics (with M. Ali Khan)
Publications
Representative Publications
"Strategic Information Manipulation in Duopolies," (with L. Mirman and L. Samuelson), Journal of Economic Theory, 62 (1994): 363-384.
"The Value of Information in Efficient Risk Sharing Arrangements," American Economic Review, 91 (2001): 509-524.
"Optimal Insurance with Adverse Selection," (with H. Chade), Theoretical Economics, 7 (2012): 571-607.
"Surplus Maximization and Optimality," American Economic Review, 103, (2013): 2585-2611.
"Money-Metric Utility in Applied Welfare Analysis: A Saddlepoint Rehabilitation." (with M. Ali Khan) International Economics Review, 63 (2022): 189-210.
