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

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...

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...

Susan Athey, Dean Eckles, Guido W. Imbens
Journal of the American Statistical Association (forthcoming).

We study the calculation of exact p-values for a large class of non-sharp null hypotheses about treatment effects in a setting with data from experiments involving members of a single...

Ilya Segal, Michael D. Whinston
Journal of the European Economic Association. December
21 , 2016, Vol. 14, Issue 6, Pages 1287-1328

We show that efficient bargaining is impossible for a wide class of economic settings and property rights. These settings are characterized by (i) the existence of “adverse efficient opt-out types”,...

Shu Yang, Guido W. Imbens, Zhanglin Cui, Douglas E. Faries, Zbigniew Kadziola
Biometrics. December
2016, Vol. 72, Issue 4, Pages 1055-1065

In this article, we develop new methods for estimating average treatment effects in observational studies, in settings with more than two treatment levels, assuming unconfoundedness given pretreatment variables. We emphasize...

Journal Article|
Johannes Hörner, Andrzej Skrzypacz
Journal of Political Economy. December
2016, Vol. 124, Issue 6, Pages 1515-1562

A firm considers hiring an agent who may be competent for a potential project or not. The agent can prove her competence but faces a holdup problem. We propose a...