- Herbert Scarf
Herbert Eli "Herb" Scarf (born
July 25 ,1930 ) in Philadelphia, PA is an American mathematical economist andSterling Professor ofEconomics atYale University . He is a member of theAmerican Academy of Arts and Sciences . During his undergraduate work he finished in the top 10 of the 1950William Lowell Putnam Mathematical Competition , the major mathematics competition between universities across the United States andCanada . He received his PhD from Princeton in 1954.Among his notable works is a seminal paper in
cooperative game in which he showed sufficiency for acore (economics) in general balanced games. Sufficiency and necessity had been previously shown byLloyd Shapley for games where players were allowed to transfer utility between themselves freely. Necessity is shown to be lost in the generalization.Scarf received the 1973
Frederick W. Lanchester Award for his contribution "The Computation of Economic Equilibria" with the collaboration ofTerje Hansen , which pioneered the use of numericalgorithm s to solvegeneral equilibrium systems usingApplied general equilibrium models.External links
* [http://cowles.econ.yale.edu/~hes/ Personal web site]
* [http://cepa.newschool.edu/het/profiles/scarf.htm The works of Herbert Scarf]
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