The W. P. CAREY FOUNDATION is a private U.S. foundation that was founded by William P. Carey in 1990. Inspired by the Carey family’s legacy of educational leadership and philanthropy. The W. P. Carey Foundation’s primary mission is to support educational institutions with the larger goal of improving America’s competitiveness in the world. The main focus of the foundation is in the following three areas: business and legal education, primary and secondary education, and community. Since its founding in 1990, the Foundation has granted over $375 million to hundreds of institutions.
William P. Carey Distinguished Professorship
Carey Business School
Established in 2020 by the W. P. Carey Foundation, this fund is to recognize an outstanding leader on the Carey faculty.
Held by Ritu Agarwal
RITU AGARWAL, PhD, is the inaugural William P. Carey Distinguished Professor at the Carey Business School. She was previously a Distinguished University Professor and the Chair of Information Systems at the University Of Maryland Smith School Of Business, as well as the Founding Director of the Center for Health Information and Decision Systems. She earned a PhD in Information and an MS in Computer Science from Syracuse University, and an MBA from the Indian Institute of Management.
Her research focuses on the use of information technology in healthcare settings, health analytics, and artificial intelligence applications in health. She was the National Science Foundation’s ADVANCE Professor for UMD-Smith, and won the university’s Distinguished Scholar-Teacher Award. In 2010 Agarwal started the annual Conference on Health IT and Analytics (CHITA). This conference is a leading research form at the intersection of technology, analytics, and health.
Held by Michael Keane
MICHAEL KEANE, Ph.D., is a William P. Carey Distinguished Professor at Carey Business School. He has previously held positions as the Nuffield Professor of Economics at Oxford, and as Professor of Economics at UNSW, Yale, NYU and Minnesota. He is considered a leading expert on choice modeling (the mathematical modeling of consumer choice behavior) and life-cycle modeling, and has published over 100 papers in top journals in economics and marketing.
Keane’s 1996 Marketing Science paper with Tulin Erdem is considered a foundational contribution to the literature on consumer learning and brand equity, and his 1997 Journal of Political Economy paper with Kenneth Wolpin is considered a foundational contribution to the literature on human capital. His 1994 Econometrica paper on the GHK algorithm was an important early contribution to the literature on simulation estimation, which makes it feasible to implement discrete choice models with large numbers of alternatives (as is often the case in real world markets) and complex patterns of consumer heterogeneity.
Keane has made significant contributions to the modeling of consumer demand, including brand choice and brand equity. This includes work on how consumers choose in complex environments in which choice sets are large, alternatives are complex, or both. In labor economics he has developed rich life-cycle models that incorporate a complex array of choices, including education, labor supply, marriage and fertility. He has worked in a wide range of applied areas including health economics, the economics of education, child development, forecasting, industrial organization, international trade, and the economics of transition economies. And he has made important contributions to panel data econometrics and structural econometric methods.