Marc Leon Nerlove
|Born||October 12, 1933|
Chicago, Illinois, U.S.
|Field||Agricultural economics, econometrics|
|Awards||John Bates Clark Medal (1969)|
|Information at IDEAS / RePEc|
Marc Leon Nerlove (born October 12, 1933) is an American economist specializing in agricultural economics and econometrics. He is currently Distinguished University Professor Emeritus in Agricultural and Resource Economics at the University of Maryland after retiring in 2016. He is a second-generation Russian American, as his father, Samuel Henry Nerlove, was born in Vitebsk (now in Belarus) and brought to the United States as a baby. He credits his father for his interest in agricultural economics, as the elder Nerlove was educated at the University of Chicago in economics and became a professor there, in addition to also becoming a trustee and liquidator at the Security Life Insurance Company of America Trust for a time (which held mostly foreclosed midwestern farm mortgages). A widely known contribution by Nerlove in the field of econometrics is the estimator for the random effects model in panel data analysis, which is implemented in most econometric software packages.