Jan Mossin
Encyclopedia
Jan Mossin was a Norwegian economist. Born in Oslo
, he graduated with a siv.øk.
degree from the Norwegian School of Economics (NHH) in 1959. After a couple of years in business, he started his PhD studies in the spring semester of 1962 at Carnegie Institute of Technology
.
One of the papers in his doctoral dissertation was a very important contribution (1966) to the Capital Asset Pricing Model
(CAPM). At Carnegie Mellon he was, among others, awarded the Alexander Henderson Award
for 1968 for this contribution. If Jan Mossin had lived longer he would most likely have been a candidate for the Nobel Prize in Economics in 1990 together with Professors William Forsyth Sharpe
and John Lintner
.
After he had finished his PhD he returned to NHH where he in 1968 was tenured professor. During his time at NHH, Mossin was visiting professor at the University of California, Berkeley
(1969–1970), New York University
(1973–1974), Columbia University
(1976), the University of Texas, Austin (1978–1979) and the University of Washington, Seattle (1983–1984). Mossin was elected fellow of the Econometric Society
in 1973.
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
, he graduated with a siv.øk.
Siviløkonom
Siviløkonom is an academic degree issued within the field of business administration and economics and a professional title in Norway , obtained after 5 years of studies...
degree from the Norwegian School of Economics (NHH) in 1959. After a couple of years in business, he started his PhD studies in the spring semester of 1962 at Carnegie Institute of Technology
Carnegie Mellon University
Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....
.
One of the papers in his doctoral dissertation was a very important contribution (1966) to the Capital Asset Pricing Model
Capital asset pricing model
In finance, the capital asset pricing model is used to determine a theoretically appropriate required rate of return of an asset, if that asset is to be added to an already well-diversified portfolio, given that asset's non-diversifiable risk...
(CAPM). At Carnegie Mellon he was, among others, awarded the Alexander Henderson Award
Alexander Henderson Award
The Alexander Henderson Award is presented to the student at the Tepper School of Business at Carnegie Mellon University who displays the best work in the field of economic theory. A large proportion of the winners of the award has later made contributions to economics that have changed the...
for 1968 for this contribution. If Jan Mossin had lived longer he would most likely have been a candidate for the Nobel Prize in Economics in 1990 together with Professors William Forsyth Sharpe
William Forsyth Sharpe
William Forsyth Sharpe is the STANCO 25 Professor of Finance, Emeritus at Stanford University's Graduate School of Business and the winner of the 1990 Nobel Memorial Prize in Economic Sciences....
and John Lintner
John Lintner
John Virgil Lintner, Jr. was a professor at the Harvard Business School in the 1960s and one of the co-creators of the Capital Asset Pricing Model....
.
After he had finished his PhD he returned to NHH where he in 1968 was tenured professor. During his time at NHH, Mossin was visiting professor at the University of California, Berkeley
University of California, Berkeley
The University of California, Berkeley , is a teaching and research university established in 1868 and located in Berkeley, California, USA...
(1969–1970), New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
(1973–1974), Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
(1976), the University of Texas, Austin (1978–1979) and the University of Washington, Seattle (1983–1984). Mossin was elected fellow of the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
in 1973.
Articles
- "Wages, Profits and the Dynamics of Growth", Quarterly Journal of Economics, 80, 1966, pp. 376–399.
- "Equilibrium in a Capital Asset Market", Econometrica, 34, 1966, pp. 768–783.
- "On a Class of Optimal Stock Depletion Policies", Management Science, 13, 1966, pp. 120–130.
- "The Shorter Work Week and the Labor Supply", (with Martin BronfenbrennerMartin BronfenbrennerMartin Bronfenbrenner was an internationally renowned economist who published over 250 scholarly papers and five books and served as William R. Kenan Jr. Professor Emeritus of Economics at Duke University...
) Southern Economic Journal, 33, 1967, pp. 322–331. - "Optimal Multiperiod Portfolio Policies", Journal of Business, 41, 1968, pp. 215–229.
- "Aspects of Rational Insurance Purchasing", Journal of Political Economy, 76, 1968, pp. 553–568.
- "Taxation and Risk Taking", Economica, 36, 1968, pp. 74–82.
- "Merger Agreements: Some Game-Theoretic Considerations", Journal of Business, 41, 1968, pp. 460–471.
- "Security Pricing and Investment Criteria in Competitive Markets", American Economic Review, 59, 1969, pp. 749–756.
Books
- Theory of Financial Markets, 1973, Prentice-Hall, ISBN 0139136991
- The Economic Efficiency of Financial Markets, 1977, Lexington Books, ISBN 0669010049