Who co-edited the book Measuring the Gains from Medical Research with Kevin Murphy?

Robert H. Topel co-edited the volume titled Measuring the Gains from Medical Research: An Economic Approach with Kevin Murphy. The University of Chicago Press published this book in 2003.

Why did Kevin Murphy testify for Google on the 13th of November 2023?

Kevin Murphy served as an expert witness for Google during a trial on the 13th of November 2023. He disclosed that Apple receives 36% of the revenue Google generates from being the default browser on Safari.

Kevin M. Murphy: the story on HearLore

Q: What award did the American Economic Association give to Kevin Murphy in 1997?

The American Economic Association awarded Kevin Murphy the John Bates Clark Medal in 1997. This prize recognizes the most outstanding American economist under age forty once every two years and stands as the second most prestigious award in the field after the Nobel Prize in Economics.

Kevin Miles Murphy was born in 1958. He earned a Bachelor of Arts degree in economics from the University of California, Los Angeles in 1981. His academic performance there included membership in Phi Beta Kappa. He then moved to the University of Chicago for his doctoral studies. He completed his PhD in 1986 with a thesis titled Specialization and Human Capital.

In 1997 the American Economic Association awarded Kevin Murphy the John Bates Clark Medal. This prize goes to the most outstanding American economist under age forty once every two years. It stands as the second most prestigious award in the field after the Nobel Prize in Economics. The committee cited his study on growing income inequality between white-collar and blue-collar workers. They also recognized his research linking that inequality to increased demand for skilled labor.

On the 20th of September 2005 Kevin Murphy received a MacArthur Fellowship. This award is often called the genius grant because it provides unrestricted funding to individuals who show exceptional creativity. The selection process involved a rigorous review by a foundation board. Receiving this honor placed him among a small group of scholars recognized for their potential to make significant contributions across various fields.

Murphy has authored over 50 published articles covering diverse economic topics. His work examines the gap between wages earned by white-collar and blue-collar employees. He analyzes how economic growth interacts with unemployment rates. One notable piece included a cost-benefit analysis of the war in Iraq. These studies appear in publications like Chicago GSB Magazine during the winter of 2007.

He edited an important volume titled Measuring the Gains from Medical Research: An Economic Approach. Robert H. Topel co-edited this book which was published by the University of Chicago Press in 2003. The text explores methods for calculating the societal value of medical interventions. It provides frameworks for understanding how public health spending translates into broader economic benefits.

His research extends into behavioral economics through the concept of rational addiction. This theoretical framework explains how individuals make decisions about addictive behaviors over time. Murphy argues that people weigh future costs against current pleasures when making choices. This approach helps economists understand patterns in consumption that might otherwise seem irrational or unpredictable.

On the 13th of November 2023 Kevin Murphy served as an expert witness for Google during a trial. He disclosed that Apple receives 36% of the revenue Google generates from being the default browser on Safari. This testimony appeared in reports covering high-profile legal battles involving major technology companies. His role highlighted the intersection of academic expertise and real-world corporate policy disputes.

Kevin M. Murphy.

The John Bates Clark Medal Recognition

MacArthur Fellowship And Genius Grant

Economic Research On Inequality And Growth

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