Dana Foarta

Dana Foarta
Assistant Professor, Political Economy
Contact Info
DanaFoarta
Academic Area: 
Political Economy

Research Statement

Dana Foarta’s primary research focus is to integrate theoretical models of domestic political decision making into the economic analysis of supranational institutions. Once political institutions are taken into account, richer insights emerge as to the types of common economic policies that governments can implement in practice. Her research asks how we can design institutions to limit the negative effects of political inefficiencies. Another research focus is on the agency problems within and between institutions. Specifically, she studies how the incentives of politicians or regulators, stemming from their re-election concerns or their employment contracts, shape the policy proposals they put forward. She focuses on contracting under strict limitations to monetary compensation (inflexible pay scales), an issue especially relevant to political economy. The challenge of selecting and motivating high ability politicians/regulators is closely related to issues confronting firms when selecting employees or investments, leading to broader implications for contracting.

Research Interests

  • Political Economy
  • Microeconomics
  • Institutional and Regulatory Design
  • Contracting Under Adverse Selection and Moral Hazard

Bio

Foarta is an assistant professor of political economy at Stanford Graduate School of Business. She teaches a core MBA course, Strategy Beyond Markets. She received her PhD in economics from MIT and her BA in economics and mathematics from Amherst College.

Academic Degrees

  • PhD, Economics, Massachusetts Institute of Technology, 2014
  • BA, Economics & Mathematics, Amherst College, 2009

Academic Appointments

  • Assistant Professor, Stanford GSB, 2014–present

Awards and Honors

  • John A. Gunn & Cynthia Fry Gunn Faculty Scholar, 2015–2016

Publications

Journal Articles

Jessica Leight, Dana Foarta, Rohini Pande, Laura Ralston. Journal of Public Economics. October 2020, Vol. 190.
Dana Foarta, Takuo Sugaya. The RAND Journal of Economics, (forthcoming). 2020.
Dana Foarta, Takuo Sugaya. American Economic Journal: Microeconomics (forthcoming). 2020.
Dana Foarta. American Economic Review. April 2018, Vol. 108, Issue 4–5, Pages 1187–1213.

Working Papers

Equilibrium Reforms and Endogenous Complexity | PDF
Dana Foarta, Massimo Morelli, August 2020
The Good, the Bad, and the Complex: Product Design with Imperfect Information | PDF
Vladimir Asriyan, Dana Foarta, Victoria Vanasco, July 2020

Teaching

Degree Courses

2019-20

This course provides an introduction to microeconomic theory designed to meet the needs of students in the GSB non-Economics PhD programs. The course will cover the standard economic models of individual decision-making, models of consumer...

2018-19

This course provides an introduction to microeconomic theory designed to meet the needs of students in the GSB non-Economics PhD programs. The course will cover the standard economic models of individual decision-making, models of consumer...

Politicians, regulators, and voters place limits on - and present opportunities for - nearly every business. Firms like Uber, Airbnb, and Google do not only remain cognizant of existing laws, they also look for opportunities to change the law in...

Stanford Case Studies

nuTonomy: The Global Race to Get a Robotaxi to Your Door | P91
Dana Foarta, Damien Scott2017

Stanford University Affiliations

Stanford GSB

Greater Stanford University

School News

September 9, 2014
Stanford GSB welcomes seven tenure-line faculty and 17 lecturers from a range of disciplines who will infuse the school’s curriculum with fresh perspectives.