Jerry A. Hausman is the John and Jennie S. MacDonald Professor of Economics at the Massachusetts Institute of Technology and a famous econometrician. He has also published numerous papers in applied microeconomics. He is the recipient of several prestigious awards including the John Bates Clark Medal in 1985 and the Frisch Medal in 1980. Face-to-face trading interactions on the New York Stock Exchange trading floor Economics is the social science that studies the production, distribution, and consumption of valuable goods and services. ... The Massachusetts Institute of Technology, or MIT, is a private coeducational research university located in Cambridge, Massachusetts, USA. MIT has five schools and one college, containing 32 academic departments,[2] with a strong emphasis on theoretical, applied, and interdisciplinary scientific and technological research. ... Econometrics literally means economic measurement. It is a combination of mathematical economics and statistics. ... The John Bates Clark Medal is awarded biannually by the American Economic Association to that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge. Named after the American Neoclassical economist John Bates Clark (1847-1938), it is considered... 1985 (MCMLXXXV) was a common year starting on Tuesday of the Gregorian calendar. ... The Frisch Medal is an award in econometrics given by the Econometric Society. ... 1980 (MCMLXXX) was a leap year starting on Tuesday. ...

He is perhaps most well known for his development of the Hausman Specification Test, the first easy method allowing scientists to evaluate if their statistical models correspond to the data. A statistical model is used in applied statistics. ...

He has done extensive work in the field of telecommunications, and is also recognized as an expert on antitrust and mergers, public finance and taxation, and regulation. Hausman also serves as the director of the MIT Telecommunications Economics Research Program. Copy of the original phone of Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the transmission of signals over a distance for the purpose of communication. ... Antitrust laws, or competition laws, are laws which prohibit anti-competitive behavior and unfair business practices. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies. ... Public finance (government finance) is the field of economics that deals with budgeting the revenues and expenditures of a public sector entity, usually government. ...

His recent applied papers are on topics including the effect of new goods on economic welfare and their measurement in the CPI, new telecommunications technologies including cellular 3G and broadband, regulation of telecommunications and railroads, and competition in network markets. His recent econometrics papers include estimation of difference in difference models, semi-parametric duration models, weak instruments, and errors in variables in non-standard situations. In economics, a consumer price index (CPI) or retail price index (RPI) is a statistical time-series measure of a weighted average of prices of a specified set of goods and services purchased by consumers. ... It has been suggested that Evolution to 3G be merged into this article or section. ... Broadband in telecommunications is a term which refers to a signaling method which includes or handles a relatively wide range of frequencies which may be divided into channels or frequency bins. ... Errors-in-Variables is a robust modeling technique in statistics, which assumes that every variable can have error or noise. ...

Hausman received his BA from Brown University in 1968, and his PhD from Nuffield College, Oxford University in 1973, where he was a Marshall Scholar. Brown University is a private university located in Providence, Rhode Island. ... The University of Oxford, located in the city of Oxford in England, is the oldest university in the English-speaking world. ... The official logo of the Marshall Scholarship is a blended image of the US and UK flags. ...

External links

• Hausman's faculty page at MIT