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John Hatfield

John Hatfield
CBA 6.254 (512-471-4901)

Associate Professor

Business, Government and Society


John Hatfield studies market design, an engineering-oriented field of economic theory that considers how the design of the rules and regulations of a market affects the functioning and outcomes of that market. He specializes in matching theory, a field of economics that studies markets in which agents have explicit preferences over whom they buy from and sell to, not just over the underlying goods bought and sold. Examples of such economies include the markets for medical residency positions, the assignment of students to public schools, and the formation of collaborative research enterprises. His work in market design has led to a deeper understanding of such diverse markets as kidney exchange, assigning U.S. Army military cadets to branches of service, and the dynamics of shareholder voting.


John W. Hatfield and Lars Borner. 2016. The Design of Debt Clearing Markets: Clearinghouse Mechanisms in Pre-Industrial Europe. Journal of Political Economy, forthcoming.
John W. Hatfield and Scott Duke Kominers. 2015. Multilateral Matching. Journal of Economic Theory 156, 175-206.
John W. Hatfield and Katrina Kosec. 2013. Federal Competition and Economic Growth. Journal of Public Economics 97(Jan), 144-159.
John W. Hatfield, Jordan M. Barry, and Scott Duke Kominers. 2013. On Derivatives Markets and Social Welfare: A Theory of Empty Voting and Hidden Ownership. Virginia Law Review 99(6), 1103-1168.
John W. Hatfield, Scott Duke Kominers, Michael Ostrovsky, Alexandru Nichifor, and Alexander Westkamp. 2013. Stability and Competitive Equilibrium in Trading Networks. Journal of Political Economy 121(5), 966-1005.
John W. Hatfield and Gerard Padro i Miquel. 2012. A Political Economy Theory of Partial Decentralization. Journal of European Economic Association 10(3), 605-633.
John W. Hatfield and Scott Duke Kominers. 2012. Matching in Networks with Bilateral Contracts. American Economic Journal: Microeconomics 4(1), 176-208.
John W. Hatfield and Jordan M. Barry. 2012. Pills and Partisans: Understanding Takeover Defenses. University of Pennsylvania Law Review 160(3), 633-713.
John W. Hatfield and Fuhito Kojima. 2010. Substitutes and Stability for Matching with Contracts. Journal of Economic Theory 145(5), 1704-1723.
John W. Hatfield and Paul R. Milgrom. 2005. Matching with Contracts. American Economic Review 95(4), 913-935.