Canice John Prendergast

The University of Chicago Booth School of Business
5807 S. Woodlawn Ave. (Harper Center Room 443), Chicago, IL 60637 U.S.A.
tel: 773.702.9159 / fax: 773.834.8172 / email:


Yale University Ph.D. in Economics, 1989
London School of Economic, M.Sc. in Economics, 1986
Trinity College, Dublin, B.A. (Mod.) in Economics, 1983


2017 to present: W. Allen Wallis Distinguished Service Professor, The University of Chicago Booth School of Business

2011 to 2017: W. Allen Wallis Professor of Economics and Booth Faculty Fellow, The University of Chicago Booth School of Business

2003 to 2011: W. Allen Wallis Professor of Economics, The University of Chicago Booth School of Business

1998-2003: Professor of Economics, Graduate School of Business, University of Chicago

1995-1998: Associate Professor of Business Economics and Business Policy, Graduate School of Business, University of Chicago

1990-1994: Assistant Professor of Business Economics and Business Policy, Graduate School of Business, University of Chicago

1988-1990: Open Prize Research Fellow, Nuffield College, Oxford

Editorial Appointments
Editor, Journal of Political Economy, 2003 to 2010.
Editor, Journal of Labor Economics, 1998-2003
Associate Editor, The Rand Journal of Economics, 1998-2003
Foreign Editor, Review of Economic Studies, 1998-2002

Working Papers

"Creative Fields" updated draft, February 11, 2019

"Making a Difference" first draft, August 16, 2019

"The Distribution of Contemporary Art" draft, April 16, 2018

"Feeding America and the Second Welfare Theorem" draft, December 8, 2017

"The Allocation of Food to Food Banks" draft, January 19, 2017

"The Market for Contemporary Art", mimeo, November, 2014


"Agency Issues", Commemorative essay in "The Past, Present, and Future of Economics: A Celebration of the 125 Year Anniversary of the JPE and of Chicago Economics," edited by John List and Harald Uhlig. Journal of Political Economy 125 (December 2017), 1878-1884.

"How Foodbanks Use Markets to Feed the Poor", Journal of Economic Perspectives, Fall 2017, 31 (4), 145-162

"Bureaucratic Responses", Journal of Labor Economics, 2016, 34 (S2), S183-215

"Professionalism and Contracts in Organizations", Journal of Labor Economics, 2016, 33 (2), 591-621

"The Empirical Content of Pay for Performance", Journal of Law, Economics, and Organizations, 2015, 31 (2), 241-261.

"The Economics of Wild Goose Chases", RAND Journal of Economics, 2015, 46(1), 146-164.

"What Have we Learned About Pay For Performance?", Economic and Social Review, 2012, 42(2), 113-34. 

"Intrinsic Motivation and Incentives," American Economic Review Papers and Proceedings 98(2), 201-205, May 2008. 

"Contracting in Firms," The New Palgrave Dictionary of Economics, 2nd Edition (8 Volume Set), edited by Steven N. Durlauf and Lawrence E. Bloom, Palgrave MacMillan, May 27, 2008.

"The Motivation and Bias of Bureaucrats," American Economic Review 97(1), 180-196, March 2007.

"Favoritism Under Social Pressure," Review of Economics and Statistics 87(2), 208-216, 2005 (with Luis Garicano and Natxo Palacios-Huerta).

"Contracts, Externalities, and Incentives in Shopping Malls," Review of Economics and Statistics 87(3), 411-422, 2005 (with Eric Gould and Peter Pashigian).

"The Limits of Bureaucratic Efficiency," Journal of Political Economy 111(5), 929-959, October 2003.

"The Tenuous Trade-off between Risk and Incentives," Journal of Political Economy 110(5), 1071-1102, October 2002.

"Consumers and Agency Problems," The Economic Journal 112(478), C34-C51, March 2002 (Dennis Sargan Lecture, Royal Economic Society).

"Uncertainty and Incentives," Journal of Labor Economics 20(2) Part 2, S115-S137, April 2002.

"The Non-Monetary Nature of Gifts," European Economic Review 45(10), 1793-1810, December 2001 (with Lars Stole).

"Barter Relationships," in Barter in Post-socialist Economics, edited by Paul Seabright, Cambridge University Press, 2000 (with Lars Stole).

"What Trade-off of Risk and Incentives?" American Economic Review 90(2), 421-425, May 2000.

"The Provision of Incentives in Firms," Journal of Economic Literature 37(1), 7-63, March 1999.

"Restricting the Means of Exchange within Organizations," European Economic Review, 43(4-6), 1007-1019, April 1999 (with Lars Stole).

"What Happens within Firms?" Labor Statistics Measurement Issues, edited by John Haltiwanger, Robert Topel and Marilyn Manser, NBER, University of Chicago Press, Chapter 9, pp. 329-356, 1998. 

"Favoritism in Organizations," Journal of Political Economy 104(5), 958-978, October 1996 (with Robert H. Topel).

"Non-Monetary Exchange within Firms and Industry," in Law and Firm Behaviour: 1996 Industry Economics Conference, Australian Government Publishing Service for the Productivity Commission, December, 1996 (with Lars Stole).

"Impetuous Youngsters and Jaded Old-Timers: Acquiring a Reputation for Learning," Journal of Political Economy 104(6), 1105-1134, December 1996 (with Lars Stole).

"A Theory of Responsibility in Organizations," Journal of Labor Economics 13(3), 387-401, July 1995. 

"A Theory of 'Yes Men'," American Economic Review 83(4), 757-770, September 1993.

"The Role of Promotion in Inducing Specific Human Capital Acquisition," Quarterly Journal of Economics 108(2), 523-534, May 1993.    

"Discretion and Bias in Performance Evaluation," European Economic Review 37(2-3), 355-365, June 1993 (with Robert Topel).

"Merger Failure and Merger Profitability," Journal of Industrial Economics 41(4), 371-386, December 1993 (with Morten Hviid). 

"The Insurance Effect of Groups," International Economic Review 33(3), 567-581, August 1992. 

"Career Development and Specific Human Capital Collection," Journal of the Japanese and International Economies 6(3), 207-227, September 1992.

Last updated: December 28, 2017