Avery Haviv, Associate Professor of Marketing, and winner of two Superior Teaching Awards in 2022.

Learn from research’s biggest names.

The Simon community is small by design. In fact, it is the smallest of the top-ranked business schools, which offers students the opportunity to work closely with world class scholars. Simon doesn’t require a specific undergraduate major or a minimum work experience; scholars are free to choose from any of our six research focus areas.

Accountancy Comp. and Info. Systems Economics and Mgmt.
Finance Marketing Operations Management

 

Economics and Management

Economics & Management is designed to develop economists skilled in conducting research on a broad variety of firm-related topics. The curriculum explores topics such as how relative firm performance is affected by dynamic strategic decisions. Economics and management faculty are actively engaged in theoretical and empirical research on a variety of issues. Weekly seminars provide students with early access to research by Simon faculty and world-class speakers from other institutions.

Recent Research

  • What is the Cost of Compromise?

    Heikki Rantakari and Alessandro Bonatti

    When it comes to group decision making, which kind of structure works best? Simon professor Heikki Rantakari, with Alessandro Bonatti of Sloan School of Management at Massachusetts Institute of Technology, explores the effects of consensus decision making on group performance in “The Politics of Compromise.” The paper was published in American Economic Review.

    Read the full paper

  • Colluding Through Suppliers

    Jeanine Miklós-Thal

    In a new study, Assistant Professor Jeanine Miklós-Thal shows that retailers can collude more easily on the prices consumers pay by also agreeing among them to pay above-cost wholesale prices and slotting fees to their suppliers. “Colluding Through Suppliers” is the first to look at collusion on wholesale prices as a method to facilitate collusion on output prices.

    Read the full paper

  • Understanding Incentive

    Jeanine Miklós-Thal

    Jeanine Miklós-Thal and co-author Hannes Ullrich were looking for a way to test whether future career prospects affect current effort incentives when they hit upon the perfect testing ground: European soccer. “Soccer is a nice way to test these incentives,” says Miklós-Thal, assistant professor of economics and marketing at the Simon School. “You need an environment where some people have a chance to be promoted and others do not. You can’t test the same thing in a business environment.”

     

Learn more about our Economics and Management faculty and their research interests:

Professor
Professor Brickley has research and teaching interests in the economics of organizations, corporate governance and compensation policy, corporate finance, franchising and banking.
His papers have been published in the Journal of Business, the Journal of Law and Economics, the Journal of Finance, the Journal of Accounting and Economics, the Journal of Financial Economics, the Journal of Economic Perspectives, the Journal of Law Economics and Organizations, the Journal of Empirical Legal Studies, the Journal of Economic Behavior and Organization, the Journal of Risk and Insurance, the Journal of Financial and Quantitative Analysis, Financial Management and the Journal of Corporate Finance. The sixth edition of Managerial Economics and Organizational Architecture (authored by Brickley, Clifford W. Smith Jr. and Jerold L. Zimmerman) was published by McGraw-Hill/Irwin in 2015 (copyright 2016). Brickley, Smith, Zimmerman and Janice Willett authored a trade version of this text entitled Designing Organizations to Create Value,published by McGraw-Hill in 2003. Brickley has served as associate editor of finance and accounting journals. A study published in Financial Management (Autumn 2001) re­ported that Brickley was among the most cited researchers in leading finance journals over the 25-year period of 1974 to 1998 (top one percent out of a total of 12,637 individuals). In 2002, three of his published papers received the Journal of Financial Economics All Star Paper Award (based on number of citations through 2001).
  1. Advanced Introduction to Corporate Finance, Edward Elgar Publishing, 2022
  2. “Are Firms with ‘Deep Pockets’ More Responsive to Tort Liability? Evidence from Nursing Homes”, Health Economics/Wiley, 2022, 8, 31
  3. Managerial Economics and Organizational Architecture, McGraw-Hill Irwin, 2021, 7th
Clinical Assistant Professor
Pricing, price wars, manager decision making.
  1. Factors that contribute to managers becoming engaged in unintentional price war, Journal of Revenue and Pricing Management, 2021
Executive Professor
Adjunct Faculty
Chaired Professor
Professor Ellickson’s research interests lie at the intersection between quantitative marketing and industrial organization, with a focus on using structural modeling to understand the forces that drive strategic interaction and optimal decision making. He is particularly interested in modeling the importance of dynamic and spatial competition in retail trade.Ellickson’s research has been published in various academic journals including the Review of Economic Studies, the RAND Journal of Economics, Marketing Science, the Journal of Marketing Research, Quantitative Marketing and Economics, and the Journal of Economic Perspectives.
  1. Learning to set prices, Journal of Marketing Research, 2022, Website, 2, 59
  2. The Competitive Effects of Entry: Evidence from Supercenter Expansion, American Economic Journal: Applied Economics, 2020, 3, 12
  3. Measuring Competition in Spatial Retail, Rand Journal of Economics, 2020, 1, 51
Professor
Professor Goettler’s research spans quantitative marketing, industrial organization, and finance, with an emphasis on structural econometric methods to understand consumer and firm behavior. He is particularly interested in high-tech industries, focusing on the relationship between competition and innovation and on the marketing of new products. Goettler’s research has been published in various academic journals including the Journal of Political Economy, the RAND Journal of Economics, and the Journal of Marketing Research. His paper, “Equilibrium in a Dynamic Limit Order Market,” which appeared in the Journal of Finance, was nominated for the journal’s Smith-Breeden Prize and won the NYSE award for the best paper on equity trading at the 2004 Western Finance Association Meeting.
  1. Competition and Product Innovation in Dynamic Oligopoly, Quantitative Marketing and Economics / Springer, 2014, 1, 12
  2. New Drug Diffusion when Forward-Looking Physicians Learn from Patient Feedback and Detailing, Jounral of Marketing Research, 2012, 6, 49
  3. Does AMD spur Intel to innovate more?, Journal of Political Economy, 2011, 6, 119
Professor of Economics
Professor
Professor Miklós-Thal's research spans industrial organization, marketing, and personnel economics. She is particularly interested in cartel pricing, pricing strategies in intermediate-goods markets, the impact of various marketing strategies on consumer quality perceptions, and reputational incentives in labor markets. Miklós-Thal’s research has been published in various economics and management journals, including Management Science, Marketing Science, the Journal of Marketing Research, the Journal of the European Economic Association, The Economic Journal, The RAND Journal of Economics, American Economic Journal: Microeconomics, and Games and Economic Behavior.
  1. The Economics of Dual Pricing in Vertical Agreements, Concurrences Review, 2022
  2. Input Price Discrimination by Resale Market, RAND Journal of Economics, 2021
  3. Third-Degree Price Discrimination in Oligopoly with Endogenous Input Costs, International Journal of Industrial Organization, 2021, Website
Assistant Professor
Prager’s primary research interests are at the intersection of industrial organization and health economics, and the intersection of industrial organization and labor economics. Her work uses empirical analyses of large, detailed datasets to answer policy-relevant questions about strategic behavior among employers and health care firms. In recent research, she has studied health insurance networks, hospital price regulation, and employer consolidation.
Professor
Primo is currently studying the effect of political ideology on the management of firms, developing a theoretical model for better understanding the relationship between election outcomes and stock prices, and exploring the dynamic nature of corporate social responsibility in recent decades. These projects stem from his interest in multidisciplinary research at the intersection of political science, economics, and management.
  1. Campaign Finance and American Democracy: What the Public Really Thinks and Why It Matters, Chicago: University of Chicago Press, 2020
  2. Risky Business: Do Disclosure and Shareholder Approval of Corporate Political Contributions Affect Firm Performance?, Business and Politics, 2019, 2, 21
  3. Policy Dynamics and Electoral Uncertainty in the Appointments Process, Journal of Theoretical Politics, 2017, 1, 29
Associate Professor
His research interests include the economics of organiza­tions and industrial economics. He has worked on pricing strategies in the presence of market uncertainty, the effects of financial constraints on firms' behavior in product markets, incentive contracting and performance evaluation in organizations, and the interaction between incentives and communication in various principal-agent settings. Raith's work has been published in the American Economic Review, RAND Journal of Economics, Journal of Economic Theory, International Journal of Industrial Organization, Journal of Law, Economics and Organization and Journal of Financial and Quantitative Analysis.
  1. What are We Really Good At? Product Strategy with Uncertain Capabilities, Marketing Science, 2018, Website, 2, 37
  2. Optimal Incentives and the Time Dimension of Performance Measurement, Journal of Economic Theory, 2012, 6, 147
  3. Resource Allocation and Organizational Form, American Economic Journal - Microeconomics, 2010, 2, 2010, 2
Associate Professor
  1. How to Reward Honesty?, Journal of Economic Behavior and Organization, 2023
  2. The Art of Brevity, Journal of Economic Behavior and Organization, 2022, Website, 195
  3. Managerial Influence and Organizational Performance, Journal of European Economic Association, 2021, 2, 19
Clinical Professor
Pricing, regulation, CEO compensation, organizational design and economic inequality
Professor
Shaffer’s research employs game theoretic models to examine pricing-related issues in IO and antitrust economics. His specialty is in the area of vertical restraints, including exclusive dealing, bundling, slotting allowances, market-sharebased contracts and resale price maintenance. He has received research grants from the US National Science Foundation, the Social Science Research Council (USA) and the Social Research Council (UK). Shaffer’s work has appeared in the American Economic Review; Economic Journal; the RAND Journal of Economics; Journal of Economics and Management Strategy; Journal of Law and Economics; Journal of Law, Economics and Organization; Journal of Industrial Economics; International Journal of Industrial Organization; Marketing Science; and Management Science. He received Emerald Management Review’s Citation of Excellence Award as the author of one of the top 50 management articles of 2002. Shaffer is a co-editor of the Journal of Economics and Management Strategy and an associate editor of the Journal of Economics and Business. He has served as a visiting scholar in the two U.S. government antitrust agencies: the Antitrust Division of the US Department of Justice and the Bureau of Economics at the U.S. Federal Trade Commission. Shaffer participated in the writing of the 2001 Federal Trade Commission’s report on slotting allowances (payments for retail shelf space), and he has twice given invited testimonyon their competitive effects, serving on a threemember panel investigating this practice at the Hearings on Global and Innovation Based Competition (1995) and again at the Federal Trade Commission’s sponsored workshop on slotting allowances (2000).
  1. Slotting Fees and Price Discrimination in Retail Channels, Marketing Science, 2022, Website
  2. The Economics of Dual Pricing in Vertical Agreements, Concurrences Review, 2022
  3. Input Price Discrimination by Resale Market, RAND Journal of Economics, 2021
Adjunct Faculty
Associate Professor
Professor Wedig’s research interests are focused in the areas of health care economics and finance and organizational economics more generally.

In the field of health care finance, he has studied investment, corporate financial behavior, mergers and acquisitions and governance of health care and nonprofit entities. In the field of health care economics, he has studied the the incentive effects of payment systems on costs, insurance coverage and charity care. He has also studied the effects of report cards and public disclosure on consumer behavior. His work in organizational economics has focused on the causes and consequences of horizontal integration (chaining) among nursing homes.

Professor Wedig's current research focuses on the determinants of private sector fees in local health care markets, specialization in hospital chains and models of corporate finance and free cash flow determination in commercial nonprofit entities.
  1. “Are Firms with ‘Deep Pockets’ More Responsive to Tort Liability? Evidence from Nursing Homes”, Health Economics/Wiley, 2022, 8, 31
  2. Does Competition Improve Service Quality? The Case of Nursing Homes Where Public and Private Payers Coexist, Management Science, 2021, Website, 10, 67
  3. Five-Star Ratings and Managerial Turnover: Evidence from the Nursing Home Industry, The Journal of Law, Economics, and Organization, 2021, Website
Dean/Professor
Fiscal Policy Design, Social Insurance Design, Computational Economics, Asset Pricing Implications of Macro Policy