How an age-based reopening could save lives
MIT economists recommend older Americans stay home during COVID-19 pandemic while younger adults return to work sooner.
Faculty
Michael D. Whinston is the Sloan Fellows Professor of Management in the Applied Economics Group at MIT Sloan and Professor of Economics in the Economics Department.
Whinston was the Robert E. and Emily H. King Professor of Business Instutions in the Department of Economics, Northwestern University from 1998-2013. Previously, he was a Professor of Economics at Harvard University.
He is an elected Fellow of the American Academy of Arts and Sciences, and a Fellow of the Econometric Society. He was also a Fellow at the Center for Advanced Studies in the Behavioral Sciences, and an Alfred P. Sloan Research Fellow from 1990-1992. Whinston was awarded the Compass Lexicon Prize in 2008.
His research has covered a variety of topics in microeconomics and industrial organization, including firm behavior in oligopolistic markets, antitrust, game theory, the design of contracts and organizations, law and economics, and most recently, health economics.
Whinston is a coauthor of the leading graduate textbook in microeconomics, Microeconomic Theory [Oxford University Press, 1995], and is the author of Lectures on Antitrust Economics [The MIT Press, 2006]. Most recently he co-authored Microeconomics [McGraw-Hill, 2007; second edition 2013], an intermediate microeconomics text.
He has served as a coeditor of the RAND Journal of Economics, the leading journal in industrial organization, and is currently on the editorial board of the American Economic Journals: Microeconomics.
Whinston received a BS in economics and an MBA in finance from the Wharton School at the University of Pennsylvania, and a PhD in economics from MIT.
http://economics.mit.edu/faculty/whinston
Ghili, Soheil, Ben Handel, Igal Hendel, and Michael D. Whinston. The Review of Economic Studies Vol. 91, No. 2 (2024): 1085-1121.
Nocke, Volker and Michael D. Whinston. American Economic Review Vol. 112, No. 6 (2022): 1915–1948.
Lee, Robin S., Michael D. Whinston, and Ali Yurukoglu. In Handbook of Industrial Organization, edited by Alessandro Lizzeri, Ali Hortacsu, and Kate Ho, 673-742. Elsevier, 2021.
Acemoglu, Daron, Victor Chernozhukov, Iván Werning, and Michael D. Whinston. American Economic Review: Insights Vol. 3, No. 4 (2021): 487-502.
Mermelstein, Ben, Volker Nocke, Mark A. Satterthwaite, Michael D. Whinston. Journal of Political Economy Vol. 128, No. 1 (2020): 301-341.
Thompson, T. Scott, and Michael Whinston. In The Antitrust Revolution: Economics, Competition, and Policy, 7th Edition, edited by John E. Kwoka and Lawrence J. White, Oxford, UK: Oxford University Press, 2018.
MIT economists recommend older Americans stay home during COVID-19 pandemic while younger adults return to work sooner.
The latest working papers from MIT Sloan faculty about the coronavirus/COVID-19 pandemic.
"When there's not a competitive threat, they're not making that investment. And quality is lower."
Michael Whinston said Friday that Google modified the way it sold text. The. shift sought "to raise the prices against the highest bidder."
[Prof. Michael] Whinston says “With the right kinds of policies, the choices don't have to be so grim.”
The researchers compared strict lockdowns that treat all age groups the same with a more targeted strategy that protects the old.