McCombs School of Business, The University of Texas at Austin
Dean and holder of the Centennial Chair in Business Leadership.
Marshall School of Business, University of Southern California, Los Angeles, CA.
E. Morgan Stanley Chair in Business Administration and Professor of Finance and Business Economics, February 2006-present.
Interim Dean and Robert R. Dockson Deans Chair in Business Administration, February 2006 – April 2007.
Vice-Dean for Undergraduate and Doctoral Education, July 2004-February 2006.
Chair, Department of Finance and Business Economics, June 2000-June 2003.
Assistant, Associate and Full Professor of Finance and Business Economics. Taught a variety of courses at the undergraduate, MBA, and Ph.D. levels - Managerial Economics; Economic Analysis for Business Decision-Making; Business and Government; Economics of Pricing, Compensation and Control; Business and Its Nonmarket Environment. Participated in research seminars in the Department of Finance and Business Economics and the School of Law.
J.L. Kellogg School of Management, Northwestern University, Evanston, IL.
Visiting Professor of Management and Strategy. Taught an MBA level course entitled Business and Its Nonmarket Environment. Participated in research seminars in the Strategy Department.
Graduate School of Business, Stanford University, Stanford, CA.
Visiting Professor of Business Economics. Taught an MBA level course entitled Business and Its Nonmarket Environment. Participated in research seminars at GSB.
California Institute of Technology, Pasadena, CA.
Assistant Professor of Economics. Taught undergraduate and Ph.D. level courses in economics and political economy. Participated in departmental research seminars.
Council of Economic Advisers, The White House, Washington, D.C.
Staff Economist. Aided in the economic analysis of contemporary policy issues for White House Staff. Helped in preparation of the Economic Report of the President, 1983.
United States Air Force, 1972-1976. AFSC 203xx, Russian Linguist.
University of Oklahoma, Norman, OK. B.A. (with Honors) 1979.
Washington University, St. Louis, MO. Ph.D., Economics. 1984.
Fellowships and Honors
Cortez E.M. Ewing Congressional Fellowship, 1978.
Washington University Graduate Fellowship, 1979-80.
Clifford Hardin Doctoral Fellowship, 1983-84.
Hoover Institution National Fellowship, 1989-90.
Award for the Best Article in Economic Inquiry, 1993.
Marshall MBA Core Program, Golden Apple Teaching Award Honorable Mention, 2000-2001.
USC Parents Association Teaching and Mentoring Award Nominee, 2006.
Dean’s Award for Community, May 2007.
Areas of Interest
Microeconomics, applied price theory, industrial organization, antitrust economics, and public choice.
Co-Editor, Journal of Law, Economics, and Organization (2001-2006), Business and Politics (1999-present), Journal of Economics and Management Strategy (1998-2005), and Asia-Pacific Journal of Accounting and Economics (1996-present).
Referee for over two dozen other journals.
American Economics Association.
Western Economics Association.
Publications in Referred Journals
 “Public Choice Principles of Redistricting,” (with John Matsusaka) December 2006, Public Choice.
 “Lemons and Leases in the Used Business Aircraft Market,” October 2004, Journal of Political Economy.
 “Fiscal Policy, Legislature Size, and Political Parties: Evidence from State and Local Governments in the First Half of the 20th Century,” (with John Matsusaka). March 2001. National Tax Journal.
 “Saints and Markets: Activists and the Supply of Credence Goods,” (with Tim Feddersen). Journal of Economics and Management Strategy. Spring 2001.
 “Structural Constraints on Bias Under the Efficient Partisan Gerrymander” (with John Matsusaka). Public Choice. July 1999.
 “Statistical Causality and Strategic Behavior in Industrial Markets” (with Subrata Sarkar). Journal of Economics and Management Strategy. June 1998.
 “Specialization Decisions within Committee” (with Keith Krehbiel). Journal of Law, Economics and Organization. Spring, 1997.
 “Systematic Deviations from Constituency Interests: The Role of Legislative Structure and Political Parties in the States,” (with John Matsusaka). Economic Inquiry. July 1995.
 “Slicing the Federal Net Spending Pie: Who Wins, Who Loses, and Why?” (with Cary Atlas, R.J. Hendershott and Mark Zupan). American Economic Review. June 1995.
 “The Gains-from-Exchange Hypothesis of Legislative Organization,” (with Keith Krehbiel). Legislative Studies Quarterly. August 1994.
 “Imperfect Competition and Basing Point Pricing.” Economic Inquiry. July 1993. (Selected as the “Best Article” in Volume XXXI).
 “Information and the Allocation of Legislative Authority.” Journal of Institutional and Theoretical Economics. March 1993.
 “Imperfect Competition and Basing-Point Pricing: Evidence from the Softwood Plywood Industry.” American Economic Review. December 1992.
 “Performance of an Institutionalized Legislature.” Political Analysis. 1991.
 “The Economic Incidence of the Interstate Commerce Act of 1887: A Theoretical and Empirical Analysis of the Shorthaul Pricing Constraint,” (with William Marshall and Barry Weingast). Rand Journal of Economics. Summer, 1990.
 “The Organization of Informative Committees by a Rational Legislature,” (with Keith Krehbiel). American Journal of Political Science. October 1990.
 “Asymmetric Information and Legislative Rules with Heterogeneous Committees,” (with Keith Krehbiel). American Journal of Political Science. May 1989.
 “Regulation and the Theory of Legislative Choice: The Interstate Commerce Act of 1887,” (with William Marshall and Barry Weingast). Journal of Law and Economics. April 1989.
 “Complex Rules and Congressional Outcomes: An Event Study of Energy Tax Legislation,” (with Keith Krehbiel). Journal of Politics. August 1988.
 “Collective Decision-Making and Standing Committees: An Information Rationale for Restrictive Amendment Procedures,” (with Keith Krehbiel). Journal of Law, Economics and Organization. Fall, 1987.
 “Tobin’s Q and the Structure-Performance Relationship: A Reply,” (with William Marshall and Michael Smirlock). American Economic Review. December 1986.
 “The Competitive Effects of Resale Price Maintenance.” Rand Journal of Economics. Winter, 1986.
 “Tobin’s Q and the Structure-Performance Relationship,” (with William Marshall and Michael Smirlock). American Economic Review. December 1984.
 “Scale and Scope Economies in the Multiproduct Banking Firm,” (with William Marshall and Michael Smirlock). Journal of Monetary Economics. August 1984.
 “An Empirical Study of Joint Production and Scale Economies in Commercial Banking,” (with Michael Smirlock). Journal of Banking and Finance. June 1984.
 “Predation and Cross-Subsidization in the Value-Maximizing Multiproduct Firm,” (with Michael Smirlock). Southern Economic Journal. July 1983.
 “Customs Unions with Nontraded Goods in Interconnected Markets: A Geometrical Analysis,” (with Eden Yu). Keio Economic Studies. March 1983.
 Review of The Food Manufacturing Industries by John M. Connor, et. al., Southern Economic Journal. July 1985.
Review of Who Profits: Winners, Losers, and Government Regulation by Robert A. Leone. Journal of Economic Literature. December 1987.
“Collective Choice without Procedural Commitment,” (with Keith Krehbiel). In Models of Collective Choice in Politics edited by Peter Ordeshook. Ann Arbor, Michigan University Press. 1989.
 Microeconomic Cases and Applications (with Anthony Marino and Mark Zupan). New York, Harper Collins. 1992.
 Review of Signaling Games in Political Science by Jeffrey S. Banks. Public Choice. May 1993.
 “Industrial Concentration.” In Fortune’s Encyclopedia of Economics edited by David R. Henderson. New York, Warner Books, 1993.
Review of Political Institutions by Jack Knight. Journal of Politics. March 1994.
 Review of Elections and Trust by William Bianco. American Political Science Review. September 1995.
“Monopoly and Antitrust.” In The Handbook of Technology Management edited by Richard Dorf. Boca Raton, CRC Press, Inc., 1998.
“Oakmont Country Club.” A teaching case published by South-Western College Publishing (www.casenet.thomson.com). ISBN 0-324-03152-1. July 1999.
 “Money and Politics in the Contemporary Congress.” Business and Politics. August 2000.
Review of Antitrust Law: Economic Theory & Common Law Evolution by Keith N. Hylton. Journal of Economic Literature, 2005.