Edinburgh School of Economics
Humanities and Social Science
University of Edinburgh
Jonathan P. Thomas
University of Edinburgh
jonathan.thomas AT ed.ac.uk
- Edinburgh University, Professor of Economics,
- University of St Andrews, Professor of Economics,
- University of Warwick, Professor of Economics,
- University of Warwick, Senior Lecturer in Economics,
- University of Warwick, Lecturer in Economics, 1985-1992
- University of Bristol, Temporary Lecturer in Economics,
- University of Cambridge, Department of Applied
Economics, Junior Research Officer, 1982-1983; Research Officer, 1983-1984
- Fellow of the Econometric Society, 2007
- Fellow of the British Academy, 2002
- IFO/Center of Economics
Studies, University of Munich, Fellow
- University of St Andrews, Honorary Professor of
- University of Warwick, Honorary Professor of Economics
- Edinburgh University, Visiting Professorial Fellow,
- University of Oxford, Nuffield College, Visiting
- University of Munich, CES, Visiting Fellow, 1997.
- Erasmus University, Rotterdam, Visiting Professor,
- University of Bonn, Economics Department, Visiting
- Tilburg University, Center
for Economic Research, 1991
- University of Konstanz, Visiting Assistant Professor,
- Dynamic contracts
- Contract theory as applied to labour economics
- "The persistent
effects of a change in government consumption," Economics Letters, 9
wage contracts" (with Tim Worrall), Review of Economic Studies, 55
efficiency in principal-agent models with hidden information" (with
Ben Lockwood), Economics Letters, 30 (1989), pp.297-301.
- "Income fluctuation
and asymmetric information: an example of a repeated principal-agent
problem" (with Tim Worrall), Journal of Economic Theory, 51(1990),
- "Sovereign debt:
ignorance can be bliss", Journal of Development Economics, 39 (1992),
- "Cartel stability
in an exhaustible resource model", Economica,
59 (1992), pp.279-293.
- "Multiplier effects
in a neoclassical model with a production lag", Metroeconomica,
43 (1992), pp.349-367.
rational expectations equilibria", Mathematical Social Sciences, 25
- "Foreign direct
investment and the risk of expropriation" (with Tim Worrall), Review
of Economic Studies, 61 (1994), pp.81-108.
- "Sub-game perfect
attainment of minimax punishments in discounted two-person games",
Economics Letters, 47 (1995), pp.1-4.
- "The confidence
heuristic: a game theoretic analysis" (with R. McFadyen), Journal of
Economic Psychology, 16 (1995), pp.97-113.
voting, campaign contributions and efficiency" (with Derek Clark),
American Economic Review, 85 (1995), pp.254-259.
- "Reputation and
commitment in two-person repeated games without discounting" (with
Martin Cripps), Econometrica, November 1995, 63 (6), 1401-1419.
- "A non-cooperative
analysis of Hotelling's location game"
(with H. Bester, A. de Palma, W. Leininger and
E.L. von Thadden), Games and Economic Behavior, 1996, 12, 165-186.
- "Reputation in
perturbed repeated games" (with Martin Cripps and Klaus Schmidt),
Journal of Economic Theory, May 1996, 69 (2), 387-410.
- "Reputation and
Perfection in Repeated Common Interest Games" (with M.W.Cripps), Games and Economic Behavior,
1997, 18 (2), 141-158.
sovereignty risks: the case of environmental treaties and international
debt" (with E. Mohr), Journal of Development Economics, 1998, 55,
- "Reputation and
experimentation in repeated games with two long-run players" (with
Bob Evans), Econometrica, 1997, 65 (5), 1153-1173.
- "IMF Conditionality
as a Screening Device" (with S. Marchesi),
Economic Journal, 1999, 109 (Conference Supplement), 111-125.
- "Mutual Insurance,
Individual Savings and Limited Commitment" (with Ethan Ligon and Tim Worrall), Review of Economic Dynamics,
April 2000, 3 (2), 216-246.
- "Cooperation and
Punishment" (with Bob Evans), Econometrica, July 2001, 69 (4),
- "An analysis of
labour adjustment costs in unionized economies" (with L. Modesto),
Labour Economics, 2001, 8, 475-501.
- "Informal Insurance
Arrangements in Village Economies" (with Ethan Ligon
and Tim Worrall), Review of Economic Studies, January 2002, 69, 209-244.
Quasi-Credit and Reciprocity" (with Tim Worrall), Rationality and
Society, 2002, 14(3), 308-352.
- "Gradualism and
Irreversibility" (with Ben Lockwood), Review of Economic Studies,
2002, 69(2), 339-356.
- "Some Asymptotic
Results in Discounted Repeated Games of One-Sided Incomplete
Information" (with Martin Cripps), Mathematics of Operations
Research, 2003, 28(3), 433-462.
Proceedings for Sovereign State Insolvency and their Effect on Capital
Flows", International Review of Economics and Finance, Vol. 13, Issue
3 , 2004, Pages 341-361.
- "Default Costs,
Willingness to Pay, and Sovereign Debt Buybacks," Journal of
Restructuring Finance, Vol. 1, No. 1, March 2004, 35-47.
Proceedings for Sovereign State Insolvency," The World Economy, vol.
27, no. 2, February 2004, pp. 265-279 (15).
- "Fair pay and a Wagebill Argument for Wage Rigidity and Excessive
Employment Variability", Economic Journal, Vol. 115, October 2005,
- "Wage Dynamics,
Cohort Effects and Limited Commitment Models" (with Pedro Martins and
Andy Snell), Journal of the European Economic Association, Vol 3(2-3),
April-May 2005, 350-359.
- "Unemployment Insurance under Moral Hazard and
Limited Commitment: Public versus Private Provision" (with Tim
Worrall), Journal of Public Economic Theory, 9 (1), 2007, pp. 151-181.
Commitment Models of the Labour Market," (with Tim Worrall), Scottish
Journal of Political Economy, 54 (5), November 2007, pp. 750-773.
- "Labor Contracts,
Equal Treatment, and Wage-Unemployment Dynamics" (with
Andy Snell), American Economic Journal: Macroeconomics, 2(3), 2010,
Wage Rigidity in a Model of Equal Treatment Contracting (with Pedro
Martins and Andy Snell), Scandinavian Journal of Economics, Special Issue:
Price and Wage Dynamics, Volume 112, Issue 4, December 2010, pages
841863, DOI: 10.1111/j.1467-9442.2010.01628.x
What Employers Do about Entry Wages over the Business Cycle: A New
Approach (with Pedro Martins and Gary Solon), American Economic
Journal: Macroeconomics, 4 (4),
36-55, October 2012.
- Optimal Punishment in Contests with Endogenous Entry
(with Zhewei Wang) Journal of Economic Behavior
& Organization, Volume 91, July 2013, Pages 3450.
competitive model of worker replacement and wage rigidity (with Andy
Snell and Zhewei Wang), Economic Inquiry, 53, 1, Jan 2015 pp. 419-430.
Subsidies in Tullock Contests (with Zhewei
of Public Economic Theory, Volume 19, Issue 2, Pages 511526, April 2017
- Bias in Returns
to Tenure When Firm Wages and Employment Comove: A Quantitative Assessment and Solution (with Andy
Snell, Pedro Martins and Heiko Stόber), Journal of Labor Economics 2018, 36:1, 47-74.
Stability of Monotone Economies in Regenerative Environments (with Sergey
Foss, Vsevolod Shneer and Tim Worrall), Journal of Economic Theory, January, 2018, Volume 173, pages 334-360.
[ doi:10.1016/j.jet.2017.11.004 ]
- Dynamic Relational Contracts under Complete Information
(with Tim Worrall), Journal of Economic Theory, May 2018, Volume 175, pages 624-651.
[ doi:10.1016/j.jet.2018.02.004 ]
- "Downward real wage rigidity and equal treatment wage contracts:
theory and evidence, (with Andy Snell and Heiko Stueber),
Review of Economic Dynamics, October 2018, Volume 30, pages 265-284.
- "Job security, asymmetric information,
and wage rigidity, (with Heiko Stueber and Andy Snell), June 2019. Previous version.
- "A simple model
of extensions of collective contracts, mimeo, September 2019.
Relational Contracts with Credit Constraints, The School of Economics
Discussion Paper Series 1009, University of Manchester (with Tim Worrall), March 2010.
- Are Departures from Rational Expectations a
Contributory Cause of Business Cycle Volatility? (with
Andy Snell), 2013.
- "Some micro and macro implications of
inventories," in F.H.Hahn (ed.), The
Economics of Games, Information and Missing Markets, (1989), Oxford:
Oxford University Press.
- "Learning and reputation in repeated games of
incomplete information" (with Martin Cripps), in Rationality and
Learning in Economics, edited A.Kirman and M.Salmon, Oxford: Basil Blackwell (1995), pp.276-307.
- "Pareto efficiency", in A. Kuper and J. Kuper (eds.),
The Social Science Encyclopedia, 2nd Edition,
- Comment on "A Theory of the Onset of Currency
Crises", in The Asian Financial Crisis: Causes, Contagion and
Consequences, edited P.R. Agenor, M.Miller, D. Vines, A. Weber, CUP 1999.
- "Discussion of Incomplete contracts, the port of
Gaza, and the case for economic sovereignty," forthcoming in The
Economics of Palestine: Economic Policy and Institutional Reform for a
Viable Palestinian State, edited by David Cobham and Numan
- Royal Economic Society Council member, 2007-2012.
- Member of the British Academy Economics Section
Standing Committee, 2008-2013.
- 2008 Research Assessment Exercise, Economics and
Econometrics Sub-Panel Member.
- 2014 Research Excellence Framework Economics and
Econometrics sub-panel member.