Edward James Green (March 31, 1948 – October 26, 2019) was an American economist best known for his contributions to the theory of dynamic contracts.
He taught at Princeton University and worked at the Federal Reserve Bank of Minneapolis, and the Federal Reserve Bank of Chicago, and was a Professor of Economics at Pennsylvania State University.
The planner faces a trade-off between insuring and enticing the households to reveal if they have had high or low income.
Green showed that the allocation was related to Milton Friedman's permanent income theory.
Green died from cancer at Mount Nittany Medical Center in State College, Pennsylvania on October 26, 2019, at age 71.