Jacques H. Drèze, 1929-

Jacques Drèze was among the handful of economists responsible for resurrecting economic theory on continental Europe which had been left moribund for much of the century after the dissipation of the Lausanne School. The new European economics also came with a distinct flavor of its own: "Non-Walrasian" theory.   Also important in developing the theory of the firm and finance in the context of multiple ownership and the theory of equilibrium under uncertainty.

Major Works of Jacques H. Dreze

• "Le foundements logique de l'utilité cardinale et de la probabilité subjective", La Décision.
• "Some Postwar Contributions of French Economists to Theory and Public Policy", 1964, AER.
• "Horizon Rules for a Class of Stochastic Planning Problems" with A. Charnes and M.H.. Miller, 1966, Econometrica
• "Demand fluctuations, capacity utilization and prices" with J. Gabszewicz  1967, Oper Research
• "On Cores and Competitive Equilibria" with J. Gabszewicz  and S. Gepts, 1969, La decision, agregation et dynamique des ordres de preference.
• "A Tatonnement Process for Public Goods", with D.V.Poussin, 1971, RES.
• "Market Allocation under Uncertainty", 1971, Europ ER
• "Syndicates of Traders in an Exchange" with J. Gabszewicz, 1971, in Differential Games and Related Topics. 
• "Cores and Prices in an Exchange economy with an Atomless Sector," with J. Gabszewicz , D. Schmeidler and K. Vind, 1972, Econometrica
• "Consumption Decisions Under Uncertainty", with F. Modigliani, 1972, JET.
• "Axiomatic Theories of Choice, Cardinal Utility and Subjective Probability: A review", in Drèze, editor, Allocation under Uncertainty
• "Cooperative Games with Coalition Structures", with R.J. Aumann, 1975, International Journal of Game Theory.
• "Axiomatic Theories of Choices, Cardinal Utility and Subjective Probability: a review", 1974, in Dreze, editor, Allocation under Uncertainty.
• "Investment under Private Ownership: optimality, equilibrium and stability", 1974, in Dreze, editor, Allocation under Uncertainty.
• "Existence of an Exchange Equilibrium under Price Rigidities", 1975, IER.
• "Disadvantageous Monopolies and Disadvantageous Endowments" with J. Gabszewicz and A. Postlewaite, 1977, JET
• "Choice of Product Quality: Equilibrium and efficiency", with K. Hagen, 1978, Econometrica.
• "Human Capital and Risk bearing", 1979, Geneva Papers on Risk and Insurance.
• "Demand Estimation, Risk Aversion and Sticky Prices", 1979, Economic Letters.
• "Optimality Properties of Rationing Schemes", with H. Müller, 1980, JET.
• "Public Goods with Exclusion", 1980, JPubE.
• "The Trade-Off between Real Wages and Employment in an open Economy (Belgium)", with F. Modigliani, 1981, European ER.
• "On Supply-Constrained Equilibria", with P. Dehez, 1984, JET.
• "Second-Best Analysis with Markets in Disequilibrium Public Sector Pricing in a Keynesian Regime", 1984, in Marchand, et al., editors, Performance of Public Enterprises.
• "(Uncertainty and) The Firm in General Equilibrium Theory", 1985, EJ.
• "Values of Markets with Satiation or Fixed Prices", with R.J. Aumann 1986, Econometrica.
• "Underemployment Equilibria: from theory to econometrics to policy", 1987, European ER.
• Essays on Economic Decisions Under Uncertainty, 1987.
• "Competitive Equilibria with Quantity-Taking Producers and Increasing Returns to Scale", with P. Dehez, 1988, JMathE
• "The Role of Securities and Labour Contracts in the Optimal Allocation of Risk-Bearing", 1989, in Louberge et al, editor, Risk, Information and Insurance.
• "Wages, Employment and the Equity-Efficieny Trade-Off", 1989, Reserches Economiques de Louvain.
• Labor Managment, Contracts and Capital Markets, 1989.
• Underemployment Equilibria: Essays in theory, econometrics and policy, 1991.
• "Stability of a Keynesian Adjustment Process", 1991, in Barnett et al., editors, Equilibrium Theory and Applications.
• "William S. Vickrey, 1914-1996: Biographical Memoir", 1998, at NAS (pdf version)

Resources on Jacques Drèze

• Drèze's Home Page at CORE-Louvain.