April 26, 2005

Acemoglu Wins Clark Prize

Lynne Kiesling MIT economist Daron Acemoglu has won this year’s John Bates Clark award for the best economist under 40. Acemoglu’s research is fascinating and well-done. As the Chronicle of Higher Education (subscription required) notes: In a written statement, the [American Economic] association praised Mr. Acemoglu, 37, as a “broad and productive economist” who has …

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Consolidation In The Oil Industry: Valero/premcor

Lynne Kiesling The Valero purchase of Premcor announced Monday is another interesting, if not surprising, step in the industry consolidation that started in the mid-1990s. The press on the Valero/Premcor deal seems to hit all of the right notes; I would add to this article on demand continuing to outstrip refining capacity that one of …

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