2004 Nemmers Prize in Economics Recipient

Ariel Rubinstein

For a broad series of highly original contributions to game theory in economics, ranging from analyses of bargaining and repeated games to models of bounded rationality

Ariel Rubinstein is professor of economics at Tel Aviv University, Israel, and New York University.

The Selection Committee for the economics prize recognized Rubinstein "for a broad series of highly original contributions to game theory in economics, ranging from analyses of bargaining and repeated games to models of bounded rationality."

Rubinstein's work on non-cooperative bargaining has been extraordinarily influential, with well over 700 citations. He was among the first to develop a compelling game theoretic model of non-cooperative bargaining with a unique solution to the bargaining problem.

Widely recognized as one of the most important and creative economic theorists of our day, he has worked on several of the most important problems in economic theory and led the development of literatures in several areas of research. Rubinstein's seminal contributions to economics – especially in bargaining, a basic economic activity – have opened up new avenues of research and new ways of thinking.

Rubinstein began his academic career as an economics faculty member of The Hebrew University. He then joined the department of economics at Tel Aviv University where he serves as professor and holds the Salzberg Chair.

He is an overseas member of the American Academy of Arts and Sciences, fellow and current president of the Econometric Society, and fellow of the Israeli Academy of Sciences. He is a recipient of the Michael Bruno Memorial Award (2000) and the Pras Israel (2002). He has held editorial positions on such leading journals as Econometrica, the Journal of Economic Theory, the Review of Economic Studies, and Games and Economic Behavior.

Rubinstein delivered the Walras-Bowley Lecture at The Econometric Society meeting (1988); the Churchill Lecture (Cambridge University, 1996); the Zeuthen Lecture (Copenhagen, 1996); the Pareto Lecture (Alicante, 1996); the Schwartz Lecture (Northwestern University, 1998); the Schumpeter Lecture (European Economic Association, Bolzano, 2000); and the Woodward Lecture (University of British Columbia, Vancouver, 2003).

Rubinstein received degrees in economics and mathematics – bachelor's, master's and a doctorate – from The Hebrew University.