Gibbons Photo

MIT

Robert Gibbons

Sloan Distinguished Professor of Organizational Economics and Strategy
Sloan School
and Department of Economics, E52-432
MIT, Cambridge, MA 02142-1347
(617) 253-0283 (phone)
(617) 253-2660 (fax)
rgibbons@mit.edu


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Teaching

MBA Course (15.903: Corporate Strategy and Extended Enterprises)

Lecture Notes

Ph.D. Courses

 

Books

  • Game Theory for Applied Economists, Princeton University Press, 1992. (International version: A Primer in Game Theory, Harvester-Wheatsheaf.) translated into Chinese, Hungarian, Italian, Japanese, and Spanish.
  • Organizational Economics, Princeton University Press, forthcoming 2008.
  • Handbook of Organizational Economics (with J. Roberts, eds.), Princeton University Press, forthcoming 2008.

 

Papers

Applied Theory

  • Disolving a Partnership Efficiently
    (with P. Cramton and P. Klemperer). Econometrica, 55 (1987): 615-32.

    Reprinted in The Economic Theory of Auctions, P. Klemperer (ed.), Edward Elgar Publishing Limited (Cheltenham, U.K.), 1999.

  • Simultaneous Signaling to the Capital and Product Markets
    (with R. Gertner and D. Scharfstein). Rand Journal of Economics, 19 (1988): 173-90.
  • Cheap Talk Can Matter in Bargaining
    (with J. Farrell). Journal of Economic Theory, 48 (1989): 221-37.

    Reprinted in Bargaining with Incomplete Information, P. Linhart, R. Radner, and M. Satterthwaite (eds.), Academic Press, 1992.

  • Cheap Talk with Two Audiences
    (with J. Farrell). American Economic Review, 79 (1989): 1214-23.
  • Cheap Talk about Specific Investments
    (With J. Farrell). Journal of Law, Economics, and Organization, 11 (1995): 313-34.
  • An Introduction to Applicable Game Theory
    Journal of Economic Perspectives, 11 (1997): 127-49.

    Reprinted in Readings in Applied Microeconomic Theory: Market Forces and Solutions, R. Kuenne (ed.), Blackwell Publishers, 2000.

 

Labor Economics

 

Behavioral Game Theory

  • When and Why Do Negotiators Outperform Game Theory?
    (with M. Bazerman, L. Thompson, and K. Valley). Chapter 4 in R. Stern and J. Halpern (eds.), Nonrational Elements of Organizational Decision Making, ILR Press (Ithaca, NY), 1998.
  • Contingent Social Utility in the Prisoners' Dilemma
    (with L. van Boven). Journal of Economic Behavior and Organization, 45 (2001): 1-17.
  • How Communication Improves Efficiency in Bargaining Games
    (with M. Bazerman, L. Thompson, and K. Valley). Games and Economic Behavior, 38 (2002): 127-55.
  • Reprinted in Negotiation, Decision Making and Conflict Management, M. Bazerman (ed.), Edward Elgar, 2004.

 

Political Economy

  • Trust in Social Structures: Hobbes and Coase Meet Repeated Games
    Chapter 11 in K. Cook (ed.), Trust in Society, Russell Sage Foundation, 2001.


  • Hobbesean Horseraces
    (with A. Rutten). Revised draft, August 2006.

 

Incentive Contracts

 

Organizational Economics

  • Game Theory and Garbage Cans: An Introduction to the Economics of Internal Organization
    Chapter 2 in J. Halpern and R. Stern (eds.), Debating Rationality: Nonrational Elements of Organizational Decision Making ILR Press (Ithaca, NY), 1998
  • Taking Coase Seriously
    Administrative Science Quarterly, 44 (1999): 145-57.
  • Informal Authority in Organizations
    (with G. Baker and K.J. Murphy). Journal of Law, Economics, and Organization, 15 (1999): 56-73.
  • Bringing the Market Inside the Firm?
    (with G. Baker and K.J. Murphy). American Economic Review Papers and Proceedings, 91 (2001): 212-18.
  • Firms (and Other Relationships)
    Chapter 7 in P. DiMaggio (ed.), The Twenty-First Century Firm: Changing Economic Organization in International Perspective, Princeton University Press, 2001.
  • Relational Contracts and the Theory of the Firm
    (with G. Baker and K.J. Murphy). Quarterly Journal of Economics, 117 (2002): 39-83.

    Reprinted in The International Library of the New Institutional Economics, C. Menard (ed.), Edward Elgar, 2004.

  • Team Theory, Garbage Cans, and Real Organizations: Some History and Prospects of Economic Research on Decision-Making in Organizations
    Industrial and Corporate Change, 12 (2003): 753-87.
  • What Is Economic Sociology and Should Any Economists Care
    Journal of Economic Perspectives, 19 (2005): 3-7.
  • Four Formal(izable) Theories of the Firm
    Journal of Economic Behavior and Organization, 58 (2005): 202-47.
  • What the Folk Theorem Doesn't Tell Us
    Industrial and Corporate Change, 15 (2006): 381-86.
  • Why Organizations Are Such a Mess (and What an Economist Might Do About It)
    Unpublished manuscript, March 2000.
  • Strategic Alliances: Bridges Between 'Islands of Conscious Power'
    (with G. Baker and K.J. Murphy). Revised draft, August 2004.
  • Contracting for Control
    (with G. Baker). Revised draft, July 2006.
  • What Do Managers Do? Suggestive Evidence and Initial Theories about Building Relationships
    (with R. Henderson, N. Repenning, and J. Sterman). Draft in progress. To appear in Handbook of Organizational Economics (R. Gibbons and J. Roberts, eds.), Princeton University Press.
  • Incentives in Organizations
    (with J. Roberts). Draft in progress. To appear in Handbook of Organizational Economics (R. Gibbons and J. Roberts, eds.), Princeton University Press.

     

     

     

 

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Updated 8/9/07 (updating website in progress)