BS (Massachusetts Institute of Technology), MA, PhD (Econ) (Brown University)

Michael Patrick Keane (born 1961) is an American/Australian economist who is currently the Nuffield Professor of Economics at the University of Oxford and an Australian Laureate Fellow at the University of New South Wales. He is considered one of the world's leading experts in the fields of Choice Modelling, structural modelling, simulation estimation, and panel data econometrics. But he is best know for work on new econometric methods that have made it feasible to estimate discrete choice models with many alternatives, and also to estimate models that incorporate complex dynamics. Keane also works in numerous applied areas including labor economics, health economics, consumer demand models, marketing, industrial organization and trade. He is currently a chief investigator of the Australian Research Council Centre of Excellence in Population Ageing Research (Cepar). From 2006-10 he was Co-Director of the Centre for the Study of Choice (CenSoC) at UTS. Keane became a dual citizen of Australia in 2010.

Specialisation: Labour Economics, Econometrics, Health Economics, Consumer Choice Behaviour

  • Nuffield Professor of Economics, University of Oxford (September 2012 -)
  • ARC Laureate Fellow, School of Economics, University of New South Wales (January 2011 -)
  • ARC Federation Fellow and Distinguished Research Professor, Faculty of Business, University of Technology Sydney (July 2006 - December 2010)
  • Co-Director, Centre for the Study of Choice, University of Technology Sydney (July 2006 - December 2010)
  • Professor, Department of Economics, Yale University (August 2000 - June 2006)
  • Professor, Department of Economics, New York University (September 1998 - July 2001)
  • Professor, Department of Economics, University of Minnesota (July 1996 - August 1998)
  • Associate Professor, University of Minnesota, IR Center and Dept. Economics, (September 1993 - June 1996)
  • Assistant Professor, University of Minnesota, IR Center and Dept. of Economics, (September 1988 - August 1993)
  • Alfred P Sloan Doctoral Dissertation Fellow, September 1987 - June 1988
  • 1996 John D C Little INFORMS College on Marketing Best Paper Award
  • Australian Federation Fellowship, June 2005
  • Elected Fellow of the Econometric Society, 2005
  • Kenneth J Arrow Award for Best Paper in Health Economics, 2008
  • Elected to the Council of the Econometric Society, 2009
  • Australian Laureate Fellow, August 2011
  • Keane, M. (2010). Structural vs. Atheoretic Approaches to Econometrics, Keynote Address at the Duke Conference on Structural Models in Labor, Aging and Health, Sept. 17-19, 2005, Journal of Econometrics, forthcoming
  • Bernal, R. and M. Keane (2010). Quasi-Structural Estimation of a Model of Child Care Choices and Child Cognitive Ability Production, Journal of Econometrics, forthcoming
  • Keane, M. and K. Wolpin (2010). The Role of Labor and Marriage Markets, Preference Heterogeneity and the Welfare System in the Life-Cycle Decisions of Black, Hispanic and White Women, International Economic Review, forthcoming
  • Fiebig, D., M. Keane, J. Louviere and N. Wasi (2010). The Generalized Multinomial Logit Model: Accounting for Scale and Coefficient Heterogeneity, Marketing Science, forthcoming
  • Keane, M. and R. Sauer (2010). A Computationally Practical Simulation Estimation Algorithm for Dynamic Panel Data Models with Unobserved Endogenous State Variables, International Economic Review, forthcoming
  • Keane, M. (2010). A Structural Perspective on the Experimentalist School, Journal of Economic Perspectives, forthcoming
  • Keane, M., P. Todd and K. Wolpin (2010). Structural Estimation of Behavioral Models. Handbook of Labor Economics: Vol. 4, O. Ashenfelter and D. Card (eds.), Elsevier Science B.V., forthcoming
  • Keane, M. and K. Wolpin (2009). Applications of Discrete Dynamic Programming Models. Plenary Address to Society of Economic Dynamics, July 2007. Review of Economic Dynamics, January, 1-22