Artyom Shneyerov is a microeconomist working at Concordia University in Montreal

Montreal

Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...

, Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

. He is also an Associate Editor of the International Journal of Industrial Organization. His current research is in the fields of Game theory

Game theory

Game theory is a mathematical method for analyzing calculated circumstances, such as in games, where a person’s success is based upon the choices of others...

, Industrial organization

Industrial organization

Industrial organization is the field of economics that builds on the theory of the firm in examining the structure of, and boundaries between, firms and markets....

 and applied Econometrics

Econometrics

Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...

. His list of contributions to these and other areas of economics includes the following:

• In his paper "An empirical study of auction revenue rankings: the case of municipal bonds", he introduced an approach for the estimation of counterfactual revenues in a common value auction
  Common value auction
  A common value auction is a term in economics used to describe an environment in which information about the value of the object for sale is dispersed among bidders. The term is used in different ways by different people. By one definition it describes an auction in which the good being auctioned...
  
   without the need to identify model primitives. He showed that for any given reserve price, equilibrium bids from …first-price auctions
  Sealed first-price auction
  A first-price sealed-bid auction is a form of auction where bidders submit one bid in a concealed fashion. The submitted bids are then compared and the person with the highest bid wins the award, and pays the amount of his bid to the seller...
  
   can be used to identify the expected revenues in Vickrey auction
  Vickrey auction
  A Vickrey auction is a type of sealed-bid auction, where bidders submit written bids without knowing the bid of the other people in the auction, and in which the highest bidder wins, but the price paid is the second-highest bid. The auction was created by William Vickrey...
  
   with the same reserve price. In addition, he derived an explicit bound on expected revenue for English auction
  English auction
  An English auction is a type of auction, whose most typical form is the "open outcry" auction. The auctioneer opens the auction by announcing a Suggested Opening Bid, a starting price or reserve for the item on sale and then accepts increasingly higher bids from the floor consisting of buyers with...
  
  s. His approach is based on the revenue ranking theorem of Milgrom
  Paul Milgrom
  Paul Robert Milgrom is an American economist. He is the Shirley and Leonard Ely Professor of Humanities and Sciences at Stanford University, a position he has held since 1987. Dr. Milgrom is an expert in game theory, specifically auction theory and pricing strategies...
  
   and Weber. He has applied these results to municipal bond
  Municipal bond
  A municipal bond is a bond issued by a city or other local government, or their agencies. Potential issuers of municipal bonds includes cities, counties, redevelopment agencies, special-purpose districts, school districts, public utility districts, publicly owned airports and seaports, and any...
  
   auctions in California. This paper is discussed in a handbook of industrial organization. His approach has been further developed recently by Xun Tang (University of Pennsylvania
  University of Pennsylvania
  The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
  
  ).

• Jointly with Mark Satterthwaite
  Mark Satterthwaite
  Mark A. Satterthwaite is an economist at the Kellogg School of Management at Northwestern University in Evanston, Illinois. He is currently A.C. Buehler Professor in Hospital & Health Services Management, Professor of Strategic Management & Managerial Economics, and chair of the Management &...
  
  , and his former student Adam Chi Leung Wong, obtained a number of results about the structure of equilibria of dynamic matching and bargaining games and their convergence to perfect competition . Some of these results are discussed in Bergemann and Balat (2008), the lecture notes of a graduate economics course at Yale University
  Yale University
  Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
  
  . These games are often used to provide a foundation for the perfect competition
  Perfect competition
  In economic theory, perfect competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Because the conditions for perfect competition are strict, there are few if any perfectly competitive markets...
  
   hypothesis, one of the basic concepts in economics. They are also used frequently in search models of labor economics. Most dynamic matching and bargaining models in the previous literature assumed full information. This means that in a given meeting, the buyer knows the minimum the seller is willing to accept for the item, and the seller knows the maximum the buyer is willing to pay. This assumption is often violated in reality. Satterthwaite and Shneyerov have shown that the dynamic matching and bargaining market is nevertheless approximately competitive as the time between matches becomes progressively smaller. Stephan Lauermann at the University of Michigan
  University of Michigan
  The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
  
   is currently working to extend their approach to more general environments.

• Has also done early work on the measurement of income inequality. In "Path Independent Inequality Measures", he and James Foster introduced inequality measures that are decomposable into within and between group components. These measures have been recently applied more broadly than income inequality, e.g. to selection into and across lending contracts in Thailand.

External links

• Artyom Shneyerov's website