William Zame's Page
    		BIOGRAPHY
      William Zame (Ph.D., Mathematics, Tulane University 1970) is Distinguished Professor in the Departments of Economics and of Mathematics at the University of California at Los Angeles (where he has been on the faculty since 1991) and Director of the California Social Science Experimental Laboratory (CASSEL).  Before coming to UCLA he held appointments in the Mathematics Departments of Rice University, Tulane University and the State University of New York at Buffalo, and in the Economics and Mathematics Departments at The Johns Hopkins University.  He has also held visiting appointments at the Institute for Advanced Study, the University of Washington, the Institute for Mathematics and  its Applications, the Mathematical Sciences Research  Institute, the Institut Mittag-Leffler,  the University of Copenhagen, Virginia  Polytechnic Institute, and the University of California at Berkeley.  He has been a Fellow of the Econometric Society since 1994 and was a Fellow of the John Simon Guggenheim Memorial Foundation for 2004-2005. He lives in Westwood with his wife Linda, a psychoanalyst, health advocate and media commentator, and their standard poodles Rita and Hayden.
    CONTACT
      William Zame
      Department of Economics
      Bunche Hall
      UCLA
      405 Hilgard Ave.
      Los Angeles, CA 90095

      (310) 206-9463 phone
      (310) 825-9528 FAX

      zame@econ.ucla.edu
       

    INTERESTS
      Economic Theory
      Game Theory
      Financial Markets
      Experimental Economics
                                                                   
    ACTIVITIES
      Editor, Foundations and Trends in Economic Theory 2004 -
      Associate Editor, Journal of Mathematical Economics 1988 - 
      Associate Editor, Journal of Economic Theory 1990 - 200
      Associate Editor, Econometrica 1998 - 
      Program Committee, Econometric Society Summer Meetings 1991, 1997
      Program Co-Chair, Econometric Society Summer Meetings, 2002
      Committee on the Status of Women in the Economics Profession 1997 - 1999
      Conference Organizing
        "Economics of Financial Markets" Johns Hopkins University 1992
        "Economics of Financial Markets" SUNY at Stony Brook 1995
        "Experimental Economics" Caltech/UCLA 1999
        "Southwest Economic Theory" UCLA 2003
        "SAET Conference" Rodos, Greece 2003
                                                                                   
    PH.D STUDENTS
      Frank Beatrous (Mathematics) Tulane University
      Jack Reichmann (Mathematics) SUNY at Buffalo
      Chongshan Liu (Economics) Johns Hopkins University
      Shwu-Jane Shieh (Economics) Johns Hopkins University
      Patrick Asea (Economics) Johns Hopkins University
      Graciela Rodriguez-Marine (Economics) UCLA
      Michael Kimel (Economics) UCLA
      Jose Penalva-Zuasti (Economics) UCLA
      Sara Castellanos (Economics) UCLA
      Konstantina Kiousis (AGSM) UCLA
      Richard Barrett (Economics) UCLA 
      Yuan Gao (Economics) UCLA
      Josh Shackman (Economics) UCLA
      Debrah Meloso (HSS) Caltech

    RESEARCH GRANTS
      1970 - 1988 NSF Mathematics Program
      1988 - 2009 NSF Economics Program

    PUBLISHED/ACCEPTED PAPERS
      Mathematics
      • William R. Zame, "A Characterization of Hereditarily Indecomposable Continua," Proceedings of the American Mathematical Society 17 (1966), 709-710.
      • Frank T. Birtel and William R. Zame, "Some Analytic Function Algebras," Symposium on Several Complex Variables, Park City, Utah, 1970 , Springer-Verlag Lecture Notes in Mathematics 184 (1970), 1-10.
      • William R. Zame, "Homomorphisms of Rings of Germs of Analytic Functions," Proceedings of the American Mathematical Society 33 (1972), 410-415.
      • William R. Zame, "Algebras of Analytic Functions in the Plane," Pacific Journal of Mathematics 42 (1972), 811-819.
      • William R. Zame, "Algebras of Analytic Germs," Transactions of the American Mathematical Society 174 (1972) 275-288.
      • John W. Bunce and William R. Zame, "Boundaries for Subspaces of C(X)," Proceedings of the NATO Conference on Compact Convex Sets, Swansea, Wales (1972).
      • William R. Zame, "Induced Homomorphisms of Algebras of Analytic Germs," Proceedings of the Conference on Complex Analysis , Rice University Studies 59, no. 2 (1973), 157-163.
      • William R. Zame, "Relative Size of the Shilov Boundary of a Function Algebra," Proceedings of the American Mathematical Society 44 (1974), 68-70.
      • John W. Bunce and William R. Zame, "Boundaries for Subspaces of C(X)," Quarterly Journal of Mathematics 25 (1974), 227-234.
      • William R. Zame, "Analytic Structure in Some Analytic Function Algebras," Transactions of the American Mathematical Society 203 (1975), 215-226.
      • William R. Zame, "Strong Uniqueness of the Functional Calculus for Some Commutative Banach Algebras," Journal of the London Mathematical Society 13 (1976), 13-18.
      • William R. Zame, "Holomomorphic Convexity of Compact Sets in Analytic Spaces and the Structure of Algebras of Holomorphic Germs," Transactions of the American Mathematical Society 212 (1976), 107-127.
      • William R. Zame, "Extendibility, Boundedness and Sequential Convergence in Spaces of Holomorphic Functions," Pacific Journal of Mathematics 57 (1976), 619-628.
      • Catherine L. Olsen and William R. Zame, "Some C*-algebras with a Single Generator," Transactions of the American Mathematical Society 215 (1976), 205-217.
      • William R. Zame, "Existence and Uniqueness of Functional Calculus Homomorphisms," Bulletin of the American Mathematical Society 82 (1976), 123-125.
      • Joseph A. Becker and William R. Zame, "Homomorphisms into Analytic Rings," Proceedings of Symposia in Pure Mathematics XXX, part 2 (1977), 7-10.
      • William R. Zame, "Uniform Algebras on Plane Domains," Proceedings of Symposia in Pure Mathematics XXX, part 2 (1977), 193-198.
      • William R. Zame, "Existence, Uniqueness and Continuity of Functional Calculus Homomorphisms," Proceedings of the London Mathematical Society 39 (1979), 73-92.
      • Joseph A. Becker and William R. Zame, "Homomorphisms into Analytic Rings," American Journal of Mathematics 101 (1979), 1103-1122.
      • Joseph A. Becker and William R. Zame, "Applications of Functional Analysis to the Solution of Power Series Equations," Mathematische Annalen 243 (1979), 37-54.
      • William R. Zame, "Classification of Uniform Algebras on Plane Domains," Pacific Journal of Mathematics 99 (1982), 231-247.
      • Stephen H. Schanuel and William R. Zame, "Naturality of the Functional Calculus," Bulletin of the London Mathematical Society 14 (1982), 218-220.
      • James T. Rogers, Jr. and William R. Zame, "Extension of Analytic Functions and the Topology in Spaces of Analytic Functions," Indiana University Mathematics Journal 31 (1982), 809-818.
      • John-Erik Fornaess and William R. Zame, "Riemann Domains and Envelopes of Holomorphy," Duke Mathematical Journal 50 (1983), 273-283.
      • William R. Zame, "Covering Spaces and the Galois Theory of Commutative Banach Algebras," Journal of Functional Analysis 55 (1984), 151-175.
      • William R. Zame, "The Maximal Ideal Space of a Commutative Banach Algebra," Proceedings of the Conference on Banach Algebras and Several Complex Variables, A.M.S. Contemporary Mathematics Series (1984).
      • Theodore Gamelin, Donald Marshall, Rahman Younnis and William R. Zame, "Function Theory and M-ideals," Arkiv for Matematik 23 (1985), 261-279.
      • Edgar Lee Stout and William R. Zame, "Totally Real Imbeddings and the Universal Covering Spaces of Domains of Holomorphy: Some Examples," Manuscripta Mathematica 50 (1985), 29-48.
      • Edgar Lee Stout and William R. Zame, "A Stein Manifold Topologically but not Holomorphically Equivalent to a Domain in CN ," Advances in Mathematics 60 (1986), 154-160.
      • Rita Saerens and William R. Zame, "The Isometry Groups of Manifolds and the Automorphism Groups of Domains," Transactions of the American Mathematical Society 301 (1987), 413-429.
      • John-Erik Fornaess and William R. Zame, "A Runge Domain without a Runge Exhaustion," Mathematische Zeitschrift 194 (1987), 1-5.
      • Rita Saerens and William R. Zame, "The Local Automorphism Group of a CR Hypersurface," in J. E. Fornaess, ed., Proceedings of the Mittag-Leffler Institute 1987 - 1988, Princeton University Press, Princeton (1990).

      General Equilibrium Theory and Finance
      • Nicholas Yannelis and William R. Zame, "Equilibria in Banach Lattices without Ordered Preferences," Journal of Mathematical Economics 15 (1986), 85-110.
      • Scott Richard and William R. Zame, "Proper Preferences and Quasi-concave Utility Functions," Journal of Mathematical Economics 15 (1986), 231-247.
      • William R. Zame, "Competitive Equilibria in Production Economies     with an Infinite Dimensional Commodity Space," Econometrica 55 (1987),   1075-1108.  http://links.jstor.org/sici?sici=0012-9682%28198709%2955%3C1075%3ACEIPEW%3E2.0.CO%3B2-T
      • Timothy Kehoe, David Levine, Andreu Mas-Colell and William R. Zame, "Determinacy of Equilibrium in Large-square Economies," Journal of Mathematical Economics 18 (1989), 231-263.
      • Darrell Duffie and William R. Zame, "The Consumption-based     Capital Asset Pricing Model," Econometrica 57 (1989), 1279-1298. http://links.jstor.org/sici?sici=0012-9682%28198911%2957%3C1279%3ATCCAPM%3E2.0.CO%3B2-5
      • Andreu Mas-Colell and William R. Zame, "Equilibrium Theory in Infinite Dimensional Spaces," in W. Hildenbrand and H. Sonnenschein, editors, Handbook of Mathematical Economics, volume IV, North Holland, Amsterdam (1991).
      • Neil Gretsky, Joseph Ostroy and William R. Zame, "The Non-atomic Assignment Model," Economic Theory 2 (1992), 103-127.
      • William R. Zame, "Asymptotic Behavior of Asset Markets: Asymptotic Inefficiency," in R. Becker et al, ed., General Equilibrium, Growth and Trade: The Legacy of Lionel McKenzie, Academic Press, New York (1993). pdf file
      • Lawrence E. Blume and William R. Zame, "The Algebraic Geometry   of Competitive Equilibrium," in W. Neuefeind, ed., Essays in General Equilibrium   and International Trade: In Memoriam Trout Rader , Springer-Verlag, New  York  (1993). pdf file
      • William R. Zame, "Efficiency and the Role of Default when Security Markets are Incomplete," American Economic Review  83 (1993),    1142-1164. http://links.jstor.org/sici?sici=0002-8282%28199312%2983%3C1142%3AEATROD%3E2.0.CO%3B2-U
      • Joseph Ostroy and William R. Zame, "Non-atomic Economies and the Boundaries of Perfect Competition," Econometrica 62 (1994),    593-633http://links.jstor.org/sici?sici=0012-9682%28199405%2962%3C593%3ANEATBO%3E2.0.CO%3B2-3
      • Yuri Abramovich, Charambalos D. Aliprantis and William R. Zame, "A Representation Theorem for Riesz Spaces and its Applications in Economics," Economic Theory 5 (1995), 527-535.
      • Andreu Mas-Colell and William R. Zame, "The Existence of Security Market Equilibrium with a Nonatomic State Space," Journal of Mathematical Economics 26 (1996), 63-84.
      • David K. Levine and William R. Zame, "Debt Constraints and Equilibrium in Infinite Horizon Economies with Incomplete Markets," Journal of Mathematical Economics 26 (1996), 103-131.
      • Neil Gretsky, Joseph Ostroy and William R. Zame, "An Application   of Measure Theory to Perfect Competition," in J. A. Goldstein, N. Gretsky   and J. J. Uhl, Jr., eds., Stochastic Processes and Functional Analysis:  in  Celebration of M.M. Rao's 65th Birthday , Marcel Dekker, New York (1997). pdf file
      • Robert M. Anderson and William R. Zame, "Edgeworth's Conjecture with Infinitely Many Commodities: L1," Econometrica 65 (1997), 225-274.
      • Robert M. Anderson and William R. Zame, "Edgeworth's Conjecture with Infinitely Many Commodities: Differentiated Commodities," Economic Theory 11 (1998), 331-377.
      • David K. Levine and William R. Zame, "Risk Sharing and Market Incompleteness," in The Theory of Markets, P.J.J. Herings, G. van der Laan, and A.J.J. Talman (eds), North-Holland, Amsterdam (1999), 217-227.
      • Bryan Ellickson, Birgit Grodal, Suzanne Scotchmer and William  R. Zame, "Clubs and the Market," Econometrica 67 (1999), 1185-1217.
      • Neil Gretsky, Joseph Ostroy and Willliam R. Zame, "Perfect Competition in the Continuous Assignment Model," Journal of Economic Theory 88 (1999), 60-118.
      • Robert Anderson and William R. Zame, "Genericity with Infinitely Many Parameters," Advances in Theoretical Economics 1 (2000), 1-62. pdf file
      • Bryan Ellickson, Birgit Grodal, Suzanne Scotchmer and William R. Zame, "Clubs and the Market: Large Finite Economies," Journal of  Economic Theory 101 (2001), 40-77.   pdf file
      • Chris Shannon and William R. Zame, "Quadratic Concavity and Determinacy of Equilibrium," Econometrica 70 (2002), 631-662. pdf file
      • David K. Levine and William R. Zame, "Does Market Incompleteness Matter?" Econometrica  70 (2002), 1805-1839. pdf file
      • Neil Gretsky, Joseph Ostroy and William R. Zame, "Subdifferentiability and the Duality Gap," Positivity 6 (2002), 261-274.  pdf file
      • Bryan Ellickson and William R. Zame, "A Competitive Model of Economic Geography," Economic Theory 25 (2005), 89-103. Extended version in K. Vind, ed. The Birgit Grodal Symposium. Berlin: Springer (2006),  pdf file 
      • Mitsunori Noguchi and William R. Zame, "Competitive Markets with Externalities," Theoretical Economics 1 (2006),143-166.   pdf
      • Peter Bossaerts and William R. Zame, "Asset Trading Volume in Infinite-Horizon Economies with Dynamically Complete Markets and Heterogeneous Agents: Comment," Finance Research Letters 3 (2006), 96-101. pdf
      • Bryan Ellickson, Birgit Grodal, Suzanne Scotchmer and William R. Zame, "The Organization of Production, Consumption and Learning," in K. Vind, ed. The Birgit Grodal Symposium. Berlin: Springer (2006). pdf
      • William R. Zame, "Incentives, Contracts and Markets: A General Equilibrium Theory of Firms," UCLA Working Paper (2005; 2007), Econometrica (forthcoming). pdf file
      • William R. Zame, "Can Utilitarianism be Operationalized?" UCLA Working Paper (2006; 2007), Theoretical Economics 2 (2007), 187-202. http://econtheory.org/ojs/index.php/te/article/viewFile/20070187/1205
      • William R. Zame, "General Equilibrium: Recent Developments," The New Palgrave Dictionary of Economics (forthcoming).

      Game Theory
      • Myrna H. Wooders and William R. Zame, "Approximate Cores of Large Games," Econometrica 52 (1984), 1327-1350.                 http://links.jstor.org/sici?sici=0012-9682%28198411%2952%3C1327%3AACOLG%3E2.0.CO%3B2-6
      • Myrna H. Wooders and William R. Zame, "Large Games: Fair and Stable Outcomes," Journal of Economic Theory 42 (1987), 59-93.
      • Myrna H. Wooders and William R. Zame, "Values of Large Finite Games," in Alvin E. Roth, ed., The Shapley Value; Essays in Honor of Lloyd Shapley, North Holland (1988).
      • Elaine Bennett and William R. Zame, "Bargaining in Cooperative Games," International Journal of Game Theory 17 (1988), 279-300.
      • Leo K. Simon and William R. Zame, "Discontinuous Games and Endogenous Sharing Rules," Econometrica 58 (1990), 861-872.               http://links.jstor.org/sici?sici=0012-9682%28199007%2958%3C861%3ADGAESR%3E2.0.CO%3B2-0
      • Stephen Schanuel, Leo K. Simon and William R. Zame, "The   Algebraic Geometry of Games and the Tracing Procedure," in R. Selten, ed., Game Equilibrium Models, II: Methods, Morals and Markets , Springer-Verlag, Berlin (1991), 9-44. pdf file
      • Lawrence E. Blume and William R. Zame, "The Algebraic Geometry of Perfect and Sequential Equilibrium," Econometrica 62 (1994),  783-794.                http://links.jstor.org/sici?sici=0012-9682%28199407%2962%3C783%3ATAGOPA%3E2.0.CO%3B2-4
      • John Nachbar and William R. Zame, "Non-Computable Strategies and Discounted Repeated Games," Economic Theory 8 (1996), 103-122.
      • Elaine Bennett, Michael Maschler and William R. Zame. "A Demand Adjustment Process," International Journal of Game  Theory 26 (1998), 423-438.
      • Matthew O. Jackson, Leo K. Simon, Jeroen M. Swinkels and William R. Zame. "Communication and Equilibrium in Discontinuous Games of Incomplete Information," Econometrica 70 (2002), 1711-1740. JSSZ  Corrigendum  CorrigendumProof.pdf
      • Chris Harris, Max Stinchcombe and William R. Zame, “Nearly Compact and Continuous Normal Form Games: Characterizations and Equilibrium Existence,” Games and Economic Behavior 50 (2005), 208-224. pdf
      • Philippe Jehiel, Moritz Meyer-ter-Vehn, Benny Moldovanu and William R. Zame, "The Limits of Ex-Post Implementation," Econometrica 74 (2006) 585-610.  pdf
      • Philippe Jehiel, Moritz Meyer-ter-Vehn, Benny Moldovanu and William R. Zame, “Posterior Implementation versus Ex-Post Implementation,” University of Bonn Working Paper (2005), Economics Letters (forthcoming). pdf

      Experimental Economics
      • Sheryl Ball, Catherine Eckel, Philip Grossman and William R. Zame, "Status in Markets," Quarterly Journal of Economics 116 (2001), 161-188. pdf file
      • Peter Bossaerts and William R. Zame, "Risk Aversion in Laboratory Asset Markets," Caltech Working Paper (2005), in James Cox and    eds,   (forthcoming). pdf
      • Peter Bossaerts, Charles Plott and William R. Zame, "Prices and Portfolio Choices in Financial Markets: Theory, Econometrics, Experiment,"UCLA Working Paper (2007), Econometrica (forthcoming).
    WORKING PAPERS
      General Equilibrium Theory
      • William R. Zame, "Existence of Competitive Equilibrium in the Coalitional Model of a Non-Atomic Economy," SUNY at Buffalo Working Paper (1985).
      • William R. Zame, "Markets with a Continuum of Traders and Infinitely Many Commodities," SUNY at Buffalo Working Paper (1986).
      • Bryan Ellickson and William R. Zame, "Foundations for a Competitive Theory of Economic Geography," UCLA Working Paper (1993). pdf file
      • John Geanakoplos and William R. Zame, "Collateral and the Enforcement of Intertemporal Contracts," Yale University Working Paper (2002). pdf fil
        •                                                     
      Game Theory
      • Myrna H. Wooders and William R. Zame, "NTU Values of Large Games," IMSSS Working Paper (1986).
      • Myrna H. Wooders and William R. Zame, "Approximate Cores of Large Games without Sidepayments," University of Toronto Working Paper (1988).

      Experimental Economics
      • Peter Bossaerts, Charles Plott and William R. Zame, "Prices and Portfolio Choices in Financial Markets: Theory and Experiment," CalTech Working Paper (2005). pdf
      • Peter Bossaerts, Charles Plott and William R. Zame, "Prices and Portfolio Choices in Financial Markets: Econometric Evidence," CalTech Working Paper (2002). pdf file
      • Peter Bossaerts, Paolo Ghirardato, Serena Guarneschelli and William R. Zame, “The Effect of Ambiguity on Prices and Choices in Financial Markets,” Caltech Working Paper (2004).