Gorman Lectures 2017
Political selection in Sweden: Facts, causes, and consequences
Tuesday 7 March, 5:30pm-7pm (Part I)
Wednesday 8 March, 5:30-7pm (Part II)
The 2017 Gorman Lectures were presented by Torsten Persson, Professor of Economics at Stockholm University and Centennial Professor at the London School of Economics. Persson’s work has spanned macroeconomics, international economics, and public economics, but he is most well-known for his articles and books on political economics. His current research focuses on development, civil war, and climate change.
Based on a unique set of data, Persson dicussed the selection into higher political office in Sweden. The two lectures addressed the following questions;
Can the selection of politicians combine high competence (ability) with an equal representation of different social backgrounds?
Do political parties consider candidates' popularity among the voters when appointing their leaders? How will a quota to raise the female representation in politics change the competence of elected politicians?
Do we see income gains among the relatives of newly appointed political leaders?"
The Gorman Lectures
Established in 2001, the Gorman Lectures are sponsored by UCL and Princeton University Press in honor of the influential economist William Moore "Terence" Gorman.
The annual series features a different leading economist each year and has so far included;Eric Maskin, Dan McFadden, James Heckman, Avinash Dixit, Robert M. Townsend, Ken Binmore, Robert Hall, Jerry Hausman, Thomas Sargent, Pierre-Andre Chiappori and Jean Tirole. The 2017 Lectures will be given by Torsten Persson.
The lectures can cover a range of sub-discipline in Economics and are usually produced in book form by the Princeton University Press after the event.
- Gorman Lectures 2016
"What is the Best Election Method?"
by Eric Maskin (Harvard)
Tuesday 16th Feb, 5:30pm-7pm (Part I)
Wednesday 17th Feb, 5:30-7pm (Part II)
Sir Ambrose Fleming LT and Foyer, Roberts Building, UCL
Part I: How Should Members of Parliament (and Congress) be Elected?
Candidates for the British Parliament and the U.S. Congress are elected according to plurality rule (first-past-the-post). I will argue that this election method is seriously flawed. A better method is “true majority rule” (the Condorcet Method), according to which a candidate wins if she would beat all other candidates in a head-to-head contest. Indeed, there is a sense in which true majority rule dominates all others.
Part II: Elections and Strategic Voting
Strategic voting consists of voting for candidate A even though you prefer candidate B. Election methods that are vulnerable to strategic voting produce distorted outcomes and impose heavy extra costs on voters. No method is entirely strategy proof, but I will argue that the election rules proposed by two rival 18th century scientists---Condorcet and Borda---come closest.
- Gorman Lectures 2015
by Jean Tirole (Toulouse School of Economics)
Sponsored by Princeton University Press
Intellectual Property and Public Policy
One of the key markets in our knowledge economy is the market for intellectual property. The future of several industries hinges on public policy with regards to patent granting and licensing, copyright, trade secrets, open source solutions and standard setting. How can we stimulate widespread technology diffusion and reward only truly innovative contributions? In particular, public policy confronts two major issues concerning the diffusion and sharing of intellectual property.
First, new technologies tend to be covered by a wide array of patents issued to the different firms that contribute components to the technology. This patent thicket is conducive to “royalty stacking”, threatening the diffusion of the technology. It has accordingly been proposed that antitrust authorities stop discouraging patent pools, which are institutions through which owners of different pieces of intellectual property jointly market their licenses. Patent pools dominated the industrial world until an adverse landmark decision of the US Supreme Court in 1945, and now are making an impressive comeback in high tech industries. Patent pools, if poorly structured, however can be strongly anticompetitive. The lectures will discuss public policies toward patent pools and more generally co-marketing arrangements among potential competitors.
Second, when standardization is necessary, in many cases there are multiple routes to solving a given technological problem. Each one of these may be equally viable, but often a standards body will choose only one avenue. After the decision is made, however, the chosen patent becomes a “standard-essential patent,” and the patent owner can ask for a high royalty even when other patents could have offered comparable value, had the technology been morphed differently. Standard essential patents have motivated for instance the ongoing disputes over smartphone patents. The lectures will discuss whether the standard-setting process should be regulated and how.
Finally, the lectures will discuss various other issues regarding the future of intellectual property policy.
Mary Ward Hall, Mary Ward House, 5-7 Tavistock Place, London WC1H 9SN
Mary Ward House is a listed building with no lift access, however, a stairlift can be requested with advanced notice.
- Gorman Lectures 2013
by Professor Pierre-Andre Chiappori
Wednesday 29th May, 17:30 and Thursday 30th May in the Sir Ambrose Flemming Lecture Theatre, Roberts Building, UCL, Gower Street London WC1E 6BT.
Matching with Transfers
The lectures will cover recent advance in the analysis of matching models under transferable or imperfectly transferable utility. Emphasis will be put, in particular, on multidimensional models and on econometric aspects.
- Gorman Lectures 2012
Thomas Sargent to present the UCL Gorman Lectures in Economics 2012
The distinguished American economist and Nobel Prize Winner, Professor Thomas Sargent will be presenting the UCL Gorman Lectures in Economics 2012.
The subject of the lectures this year will be 'Beneath and Beyond Demand and Supply Curves'.
The lectures will take place on Monday 12th and Tuesday 13th November.
- Gorman Lectures 2011
Jeremy Hausman to present the UCL Gorman Lectures in Economics 2011
The acclaimed economist, Professor Jerry Hausman from MIT, Massachusetts will be presenting the Gorman Lectures in Economics 2011. These annual lectures are sponsored by Princeton University Press and are in honour of Terence Gorman, a distinguished economist of the 20th Century.
The subject of the lectures this year will be 'Heterogeneity, Consumer Behaviour and Welfare'.
They will take place on Wednesday 30th November and Thursday 1st December
- Gorman Lectures 2010
Robert Townsend to present the UCL Gorman Lectures in Economics 2010
Robert Townsend (MIT) will be presenting the Gorman Lectures in Economics 2010, which are sponsored by Princeton University Press. This annual lecture is in honour of Terence Gorman, a distinguished economist of the 20th Century.
The subject of the lectures this year will be "Evaluation of Financial Systems in Developing Countries".
They will take place on the 29th and 30th of November 2010