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Economics

The economics area includes faculty that study a broad range of topics in their discipline, including economic theory, industrial organization, labor economics, macroeconomics, econometrics, environmental economics, and international trade.

The economic faculty bring ideas from economic research (both their own and those from the broader community of economic scholars) to the Stanford GSB classroom.

The group teaches principles of economics and statistics in managerial foundations classes, as well as applications of economics in classes on strategy, public policy, human resource management, global management, and other topics.

The rigorous application of economic principles permeates the MBA, Stanford MSx, and Executive Education curricula. The economics area extends its impact beyond Stanford by publishing, by educating PhD students, and by influencing public policy.

Recent Journal Articles in Economics

Limited Records and Reputation Bubbles

An Axiomatic Characterization of Wagering Mechanisms

Mandatory Versus Discretionary Spending: The Status Quo Effect

Mostly Calibrated

Not Only What but also When - A Theory of Dynamic Voluntary Disclosure

Stability and Competitive Equilibrium in Trading Networks

Bridging the Gap: Bargaining with Interdependent Values

Does Management Matter? Evidence from India

Rules with Discretion and Local Information

Auctions for Social Lending: A Theoretical Analysis

Auctions with Contingent Payments – an Overview

Bargaining with Deadlines and Private Information

Personnel Economics

Set-Asides and Subsidies in Auctions

Pricing and Welfare in Health Plan Choice

Information Aggregation in Dynamic Markets with Strategic Traders

Leadership: A Personnel Economics Approach

Beliefs and Private Monitoring

On Dynamic Compromise

Private Monitoring and Communication in Cartels: Explaining Recent Collusive Practices