Economics

The economics academic 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 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

A. Bumpus, Stephen Comello
Nature Climate Change. June
2017, Vol. 7, Issue 6, Pages 382-385

Early-stage capital providers and clean energy technology incubators are supporting a new wave of innovations focused on end-use efficiency and demand control. This wave complements expanding investments in supply technologies...

Eric Bettinger, Christopher Doss, Susanna Loeb, Aaron Rogers, Eric Taylor
Economics of Education Review. June
2017, Vol. 58, Pages 68-85

Class size is a first-order consideration in the study of education cost and effectiveness. Yet little is known about the effects of class size on student outcomes in online college...

Takuo Sugaya, Alexander Wolitzky
Theoretical Economics. May
2017, Vol. 12, Issue 2, Pages 691-729

We provide a simple sufficient condition for the existence of a recursive upper bound on (the Pareto frontier of) the sequential equilibrium payoff set at a fixed discount factor in...

Susan Athey, Guido W. Imbens, Thai Pham, Stefan Wager
American Economic Review. May
2017, Vol. 107, Issue 5, Pages 278-81

There is a large literature on semiparametric estimation of average treatment effects under unconfounded treatment assignment in settings with a fixed number of covariates. More recently attention has focused on...

Ali Yurukoglu, Eli Liebman, David B. Ridley
American Economic Journal: Economic Policy. May
2017, Vol. 9, Issue 2, Pages 348-382

Beginning in the mid-2000s, the incidence of drug shortages rose, especially for generic injectable drugs such as anesthetics and chemotherapy treatments. We examine whether reimbursement changes contributed to the shortages,...

Susan Athey, Guido W. Imbens
Journal of Economic Perspectives. May
2017, Vol. 31, Issue 2, Pages 3-32

In this paper, we discuss recent developments in econometrics that we view as important for empirical researchers working on policy evaluation questions. We focus on three main areas, in each...

Susan Athey, Andrzej Skrzypacz
Journal of Economic Perspectives. May
2017, Vol. 31, Issue 2, Pages 237-256

Yuliy Sannikov is an extraordinary theorist who has developed methods that offer new insights in analyzing problems that had seemed well-studied and familiar: for example, decisions that might bring about...

Nicholas A. Bloom
Australian Economic Review. February
28 , 2017, Vol. 50, Issue 1, Pages 79-84

I discuss three phenomena which appear important for modelling the impact of uncertainty on growth. The first is international spillovers in uncertainty, which arise even in large countries like the...

Susan Athey, Jonathan Levin
Research in Economics ( in press ). February
16 , 2017

We study the information preferences and information demand of decision-makers facing uncertainty. We focus on monotone decision problems in which the posterior beliefs induced by the decision-maker’s information can be...

Susan Athey
Science. February
3 , 2017, Vol. 335, Issue 6324, Pages 483-485

Machine-learning prediction methods have been extremely productive in applications ranging from medicine to allocating fire and health inspectors in cities. However, there are a number of gaps between making a...