Artyom Shneyerov

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Artyom Shneyerov
Art shneyerov image 1 .JPG
Born
St. Petersburg, Russia
Died2017/10/24, age 49
NationalityCanadian
Alma mater
Known for
Scientific career
Fields Economist
Institutions Concordia University (Montreal, Quebec, Canada)

Artyom Shneyerov was [1] a microeconomist working at Concordia University in Montreal, Quebec, Canada. He was also an associate editor of the International Journal of Industrial Organization from 2009 until his death in 2017. [1] His research is in the fields of game theory, industrial organization and applied econometrics.

In his paper "An empirical study of auction revenue rankings: the case of municipal bonds", [2] he introduced an approach for the estimation of counterfactual revenues in a common value auction without the need to identify model primitives. He showed that for any given reserve price, equilibrium bids from first-price auctions can be used to identify the expected revenues in Vickrey auction with the same reserve price. In addition, he derived an explicit bound on expected revenue for English auctions. His approach is based on the revenue ranking theorem of Milgrom and Weber. [3] He has applied these results to municipal bond auctions in California. [4]

Jointly with Mark Satterthwaite, [5] and his former student Adam Chi Leung Wong, obtained a number of results about the structure of equilibria of dynamic matching and bargaining games and their convergence to perfect competition . [6] [7] [8] These games are often used to provide a foundation for the perfect competition hypothesis, one of the basic concepts in economics. They are also used frequently in search models of labor economics. [9] Most dynamic matching and bargaining models in the previous literature assumed full information. [10] [11] This means that in a given meeting, the buyer knows the minimum the seller is willing to accept for the item, and the seller knows the maximum the buyer is willing to pay. This assumption is often violated in reality. Satterthwaite and Shneyerov have shown that the dynamic matching and bargaining market is nevertheless approximately competitive as the time between matches becomes progressively smaller.

Shneyerov also did early work on the measurement of income inequality. [12] [13] In "Path Independent Inequality Measures", he and James Foster introduced inequality measures that are decomposable into within and between group components. These measures have been recently applied more broadly than income inequality, e.g. to selection into and across lending contracts in Thailand. [14]

Shneyerov died of a heart attack in October 2017. [1]

References

  1. 1 2 3 4 Xie, Huan (30 October 2017). "Concordia mourns the loss of Artem Chneerov". Concordia University. Retrieved 13 June 2025.
  2. ↑ Shneyerov, Artyom (December 2006). "An empirical study of auction revenue rankings: the case of municipal bonds". The RAND Journal of Economics . 37 (4): 1005–1022. CiteSeerX   10.1.1.202.3581 . doi:10.1111/j.1756-2171.2006.tb00068.x.
  3. ↑ Milgrom, Paul R.; Robert J. Weber (September 1982). "A Theory of Auctions and Competitive Bidding" (PDF). Econometrica. 50 (5): 1089–1122. doi:10.2307/1911865. ISSN   0012-9682. JSTOR   1911865.
  4. ↑ Hendricks, Ken; Robert H. Porter (2007). "An Empirical Perspective on Auctions". Handbook of Industrial Organization. Vol. 3. Elsevier. pp. 2073–2143.
  5. ↑ The author of Gibbard–Satterthwaite theorem and Myerson-Satterthwaite theorem
  6. ↑ Satterthwaite, Mark; Artyom Shneyerov (2007-01-01). "Dynamic Matching, Two-Sided Incomplete Information, and Participation Costs: Existence and Convergence to Perfect Competition". Econometrica. 75 (1): 155–200. CiteSeerX   10.1.1.579.6347 . doi:10.1111/j.1468-0262.2007.00735.x.
  7. ↑ Satterthwaite, Mark; Artyom Shneyerov (July 2008). "Convergence to perfect competition of a dynamic matching and bargaining market with two-sided incomplete information and exogenous exit rate". Games and Economic Behavior. 63 (2): 435–467. doi:10.1016/j.geb.2008.04.014.
  8. ↑ Shneyerov, Artyom; Adam Chi Leung Wong (2009). "Bilateral matching and bargaining with private information" . Games and Economic Behavior. 68 (2): 748. doi:10.1016/j.geb.2009.10.005.
  9. ↑ Richard Rogerson, Richard; Robert Shimer; Randall Wright (2005). "Search-Theoretic Models of the Labor Market: A Survey". Journal of Economic Literature. 43 (4): 959–988. doi:10.1257/002205105775362014 . Retrieved 2008-04-14.
  10. ↑ Rubinstein, Ariel; Asher Wolinsky (1990). "Decentralized Trading, Strategic Behaviour and the Walrasian Outcome". Review of Economic Studies. 57 (1): 63–78. CiteSeerX   10.1.1.295.2440 . doi:10.2307/2297543. JSTOR   2297543 . Retrieved 2008-04-16.
  11. ↑ Gale, Douglas (1987). "Limit theorems for markets with sequential bargaining". Journal of Economic Theory. 43 (1): 20–54. CiteSeerX   10.1.1.295.907 . doi:10.1016/0022-0531(87)90114-1 . Retrieved 2008-04-16.
  12. ↑ Foster, James E.; Artyom A. Shneyerov (April 2000). "Path Independent Inequality Measures". Journal of Economic Theory. 91 (2): 199–222. doi:10.1006/jeth.1999.2565.
  13. ↑ Foster, James E.; Artyom A. Shneyerov (1999-07-18). "A general class of additively decomposable inequality measures". Economic Theory. 14 (1): 89–111. CiteSeerX   10.1.1.383.5000 . doi:10.1007/s001990050283. S2CID   8978754.
  14. ↑ Ahlin, Christian; Robert M. Townsend (February 2007). "Selection into and across credit contracts: Theory and field research" (PDF). Journal of Econometrics. 136 (2): 665–698. doi:10.1016/j.jeconom.2005.11.013. hdl: 1803/15747 .
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