Mark Satterthwaite

Mark Satterthwaite is a microeconomic theorist and professor emeritus at the Kellogg School of Management of Northwestern University, where he held the A.C. Buehler chair in hospital and health services management and a courtesy appointment in economics. He received a B.S. from the California Institute of Technology in 1967 and a Ph.D. from the University of Wisconsin-Madison in 1973, joined Kellogg in 1972 and became a professor in 1978. His theory work concerns how market mechanisms reveal valuations and how competition evolves under entry, exit and investment, and he is a fellow of the Econometric Society and the American Academy of Arts and Sciences. His result on the manipulability of voting rules, found independently of Allan Gibbard, gives the Gibbard-Satterthwaite theorem, and with Roger Myerson he proved a theorem on bilateral trade.