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Roger Guesnerie

From Wikipedia, the free encyclopedia
French economist and academic (1943–2026)

Roger Guesnerie
Born(1943-02-17)17 February 1943
Sainte-Gemmes-le-Robert, Mayenne, France
Died4 January 2026(2026-01-04) (aged 82)
Paris, France
Academic background
Alma materÉcole Polytechnique
École nationale des ponts et chaussées
Doctoral advisorJean-Jacques Laffont
Academic work
DisciplineEconomic theory
Macroeconomics
Public economics
School or traditionMathematical economics
InstitutionsCollège de France
École des hautes études en sciences sociales
Paris School of Economics
Doctoral studentsThomas Piketty
AwardsPresident, Econometric Society (1996)
President, French Association of Economic Sciences (2002–2003)
President, European Economic Association (1994)
Foreign Honorary Member of theAmerican Economic Association
Foreign Honorary Member,American Academy of Arts and Sciences
CNRS Silver Medal
Chevalier de l'Ordre National du Mérite
Chevalier de la Légion d'honneur
Website

Roger Guesnerie (17 February 1943 – 4 January 2026) was a French academic and economist. He was last the Chaired Professor of Economic Theory and Social Organization of theCollège de France, Director of Studies at theÉcole des hautes études en sciences sociales, and the chairman of the board of directors of theParis School of Economics.

Life and career

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Guesnerie was born inSainte-Gemmes-le-Robert on 17 February 1943.[1][2] He studied atÉcole Polytechnique and theÉcole Nationale des Ponts et Chaussées, and received his doctorate in economics from theUniversity of Toulouse in 1982. He taught at theLondon School of Economics, the École Polytechnique, and atHarvard University.[3] Guesnerie published widely in economics, including inpublic economics, in the theory of incentives and economic mechanisms, and in the theory of general economic equilibrium.

Guesnerie died in Paris on 4 January 2026, at the age of 82.[4][1]

Honors and responsibilities

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Guesnerie was elected as president of several scholarly societies, notably the French Association of Economic Sciences (2002–2003), theEconometric Society (1996), and theEuropean Economic Association (1994). Guesnerie was elected as a foreign honorary member of theAmerican Economic Association and as a foreign member of theAmerican Academy of Arts and Sciences. He served as co-editor ofEconometrica (1984–1989) and as foreign editor of theReview of Economic Studies. In France, Guesnerie's research has been recognized with theCNRS Silver Medal; he was appointed a knight of theLegion of Honour in 2005 and knight of theOrdre national du Mérite in 1987.

Publications

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Books

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  • Roger Guesnerie and Henry Tulkens, 2008,The Design of Climate Policy, MIT Press.[5]
  • "Assessing Rational Expectations 2: Eductive stability in economics", MIT Press, 2005, 453p.[6]
  • "Assessing Rational Expectations: Sunspot multiplicity and economic fluctuations", MIT Press, 2001, 319 p.ISBN 978-0-262-26279-8
  • "A contribution to the pure theory of taxation", Cambridge University Press, 1995, 301 pages[7]

Papers

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Donald J. Brown credited Guesnerie's "seminal" paper with the "major methodological innovation in the general equilibrium analysis of firms with pricing rules", "the introduction of the methods of nonsmooth analysis, as a [synthesis] of global analysis (differential topology) and [of] convex analysis."[8] This paper introduced cone of interior displacements of Dubovickii and Miljutin into economics.[9][10]
  • "General equilibrium when Some firms follow special pricing rules", (with Egbert Dierker and W. Neuefeind),Econometrica, 53, 6, 1985
This paper stimulated a subfield of economics, devoted to pricing rules, as discussed byJacques Drèze:

"Starting with a paper inEconometrica by Dierker, Guesnerie and Neuefeind (1985), a theory of general equilibrium has developed for economies with non-convex production sets, where firms follow well-defined pricing rules. In particular, existence theorems of increasing generality cover (to some extent, because of various differences in assumptions) the case of Ramsey-Boiteux pricing. Those interested primarily in applications might express skepticism, perhaps even horrified skepticism, upon realizing that 90 pages of a serious economics journal—a 1988 issue ofThe Journal of Mathematical Economics—were devoted to existence proofs of equilibrium in non-convex economies, under alternative formulations of the assumption thatmarginal cost pricing entails bounded losses at normalized prices. Still, I think that economic research must cover the whole spectrum from concrete applications to that level of abstraction."[11]

  • Guesnerie, Roger;Roberts, Kevin W.S. (February–March 1987). "Minimum wage legislation as a second best policy".European Economic Review.31 (1–2):490–498.doi:10.1016/0014-2921(87)90067-5.
  • Guesnerie, Roger (1989). "First-best allocation of resources with nonconvexities in production". In Cornet, Bernard; Tulkens, Henry (eds.).Contributions to Operations Research and Economics: The twentieth anniversary of CORE (Papers from the symposium held in Louvain-la-Neuve, January 1987). Cambridge, MA: MIT Press. pp. 99–143.ISBN 978-0-262-03149-3.MR 1104662.

References

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  1. ^abBourguignon, François (12 January 2026)."Roger Guesnerie, grande figure de la théorie économique, est mort".Le Monde (in French). Retrieved15 January 2026.
  2. ^Linnemer, Laurent (2019)."Roger Guesnerie: An Hors Catégorie Career".Annals of Economics and Statistics [fr] (135):1–55.doi:10.15609/annaeconstat2009.135.0001.ISSN 2115-4430.
  3. ^"Roger Guesnerie: (English) Curriculum Vitae". Paris School of Economics. Retrieved8 December 2019.
  4. ^Hommage à Roger Guesnerie(in French)
  5. ^R. Guesnerie; Henry Tulkens (2008).The Design of Climate Policy. MIT Press.ISBN 978-0-262-07302-8.
  6. ^Roger Guesnerie (2005).Assessing Rational Expectations 2: "eductive" Stability in Economics. MIT Press.ISBN 978-0-262-26290-3.
  7. ^Roger Guesnerie (12 November 1998).A Contribution to the Pure Theory of Taxation. Cambridge University Press.ISBN 978-0-521-62956-0.
  8. ^Page 1967:Brown, Donald J. (1991). "Equilibrium analysis with non-convex technologies". InHildenbrand, Werner;Sonnenschein, Hugo (eds.).Handbook of mathematical economics, Volume IV. Handbooks in Economics. Vol. 1. Amsterdam: North-Holland Publishing Co. pp. 1963–1995.ISBN 978-0-444-87461-0.MR 1207195.
  9. ^1965. A.J. Dubovickii and A. Miljutin, Extremum problems in the presence of restrictions.Zh. Vychisl. Mat. Fiz.5 (1965), pp. 395–453.USSR Comp. Math. and Math. Physics 5 (1965), pp. 1–80.
  10. ^Page 495:Mordukhovich, Boris S. (2006). "8 Applications to economics".Variational analysis and generalized differentiation II: Applications. Grundlehren Series (Fundamental Principles of Mathematical Sciences). Vol. 331. Springer. pp. 461–505.MR 2191745.
  11. ^Drèze, Jacques H. (1995). "Forty years of public economics: A personal perspective".Journal of Economic Perspectives. Vol. 9, no. 2. pp. 111–130.

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