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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

Incrementalism: Dead yet Flourishing

The Impact of Competition on Management Quality: Evidence from Public Hospitals

Small Sample Properties of Bayesian Estimators of Labor Income Processes

Pass-Through of Emissions Costs in Electricity Markets

Aggregate Investment and Investor Sentiment

Limited Records and Reputation Bubbles

Complementary Bidding Mechanisms and Startup Costs in Electricity Markets

Dynamics of Open Source Movements

An Axiomatic Characterization of Wagering Mechanisms

Equilibrium Imitation and Growth

Legislated Protection and the WTO

Mandatory Versus Discretionary Spending: The Status Quo Effect

Mostly Calibrated

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

An Efficient Dynamic Mechanism