Curriculum Vita

[PDF version]

Education

• 1976: B. A. Economics, the University of British Columbia, Vancouver, BC, Canada
• 1977: M. A. Economics, the University of British Columbia, Vancouver, BC, Canada
• 1982: Ph. D. Economics, the University of Wisconsin, Madison, WI

Professional Experience

• 1982–1988 Assistant Professor, Department of Economics, The State University of New York at Stony Brook, Stony Brook, NY
• 1988–1990 Assistant Professor, Department of Economics, University of British Columbia
• 1990–1994 Associate Professor, Department of Economics, University of British Columbia
• 1994–2001 Professor, Department of Economics, University of British Columbia
• 2001–2010 Professor, University of Texas at Austin
• 2010–present Professor, University of Wisconsin at Madison
• 1993 Visiting Associate Professor, University of Arizona
• 1998 Visiting Professor, Princeton University
• 1999–2001 Visiting Professor, University of Texas at Austin
• 2004 Visiting Professor, Princeton University
• 2007 Visiting Professor, Harvard University

Editorial and Referee Service

• Editorial Board, Journal of Industrial Organization, 2014–Present
• Editorial Board, Journal of Industrial Organization, 2014–Present
• Editorial Board, Journal of Economic Literature, 2013–2016
• Associate Editor, American Economic Journals: Microeconomics, 2007–2015
• Editor, Journal of Industrial Economics, 2000–2005
• Associate Editor, Rand Journal of Economics, 1996–2000
• Editorial Board, Canadian Journal of Economics, 1993–1996
• Executive of the Canadian Economic Association, 1993–1997
• Referee for: Quarterly Journal of Economics, Journal of Economic Theory, Journal of Public Economics, Mathematics of Operations Research, Scandinavian Journal of Economics, Econometrica, American Economic Review, Journal of Political Economy, Journal of Industrial Organization, International Economic Review, Review of Economic Studies, RAND Journal of Economics, Journal of Law and Economics, Games and Economic Behavior, Journal of Economic Theory, National Science Foundation, International Journal of Industrial Organization, Review of Industrial Organization

Other Professional Activities

• President, Industrial Organization Society, 2018–2020
• President-Elect, Industrial Organization Society, 2015–2017
• External Review Committee for Department of Economics, University of North Carolina, 2017
• Organized and Chaired IOS Sessions at American Economic Association Meetings, 2017 and 2018
• Chair of Program Committee, Fifteenth Duke-MIT-Northwestern-Columbia Industrial Organization Theory Conference, 2016
• Organizer of NBER IO Conference, Summer, 2015
• Member of Search Committee for Editor of AEJ: Applied, 2015
• Chair of Program Committee, Eleventh Duke-Northwestern-Columbia Industrial Organization Conference, 2012
• Program Committee, Asia Meetings of Econometric Society, Delhi, 2012.
• Hosted and organized First, Fourth, and Seventh Duke-Northwestern-UT Industrial Organization Theory Conference, 2002, 2005, 2008
• External Review Committee, Department of Economics, University of Arizona, 2006
• Chairman, Committee for Rae Prize, 2006
• Member of Committee for Rae Prize, 1997

Awards

• Research Associate, NBER, 2012
• Laurits R. Christensen Distinguished Chair in Economics, 2012–present
• Maude P. and Milton J. Shoemaker Chair in Economics, 2010–2012
• James L. and Nancy Powell Centennial Professor, 2003–2010
• Fellow of Econometric Society, 2004
• UBC Killam Research Prize, 1993
• UBC Isaak Walton Killam Memorial Faculty Research Fellowship, 1993
• UBC Alumni Prize for outstanding research in the Social Sciences, 1992
• National Fellow, The Hoover Institution of War, Revolution and Peace, Stanford University, Stanford, CA, 1986–1987.

Grants

• Microsoft, “A Dynamic Model of Bidding with Application to eBay”, ($25,000), co-investigator with Alan Sorensen, 2011.
• SSHRC Major Grant, 1999–2004, Entrepreneurship Research Alliance, (2 million), participant.
• UBC-Hampton, 1996–1997, “Empirical Study of Bidding on Wildcat Tracts”, ($10,000), PI.
• SSHRC Major Grant, 1994–1999, Entrepreneurship Research Alliance, (2.15 million), participant.
• SSHRC Grant, 1993–1996, “Theoretical and Empirical Studies of Strategic Behavior in the Airline Industry and Offshore Oil and Gas Industry”, ($60,000), PI.
• SSHRC Grant, 1992–1993, “Theoretical and Empirical Studies of the Airline Industry”,($30,000) (co-investigator with Guofu Tan).
• SSHRC Grant, 1989–1992, “Empirical Studies of Offshore Oil and Gas Auctions”, ($38,466).
• National Science Foundation - Economics Division, “Offshore Oil and Lease Auctions” (with R. Porter), 1988–1989, ($197,035 US).
• National Science Foundation - Economics Division, “Bidding Behavior and Joint Venture Formation in OCS Auctions” (with R. Porter), 1985–1987 ($118,984 US).
• National Science Foundation Economics Division, “Estimation of a Dynamic Function for Oil Exploration” (with A. Novales), 1984–1985 ($14,185 US).
• Resources for the Future Inc., “Estimation of a Dynamic Investment Function for Oil Exploration” (with A. Novales), 1984–1985 ($20,557 US).

Personal

Canadian citizen, U.S. citizen

Publications

1. “How to Sell in a Sequential Auction Market”, (with Tom Wiseman), Theoretical Economics, November 2022, pp. 1451-1471. [PDF]
2. “A Theory of Indicative Bidding”, (with Daniel Quint), American Economic Journal: Microeconomics, May 2018, 10(2), pp. 118-151. [PDF]
3. “Auctioning Resource Rights”, (with Robert Porter), Annual Review of Resource Economics, 2014, 6, 175–190. [PDF]
4. “Auctions and Bid Rigging”, (with R. Preston McAfee, Michael Williams), Oxford Handbook on International Antitrust Economics, 2014, 2, 498–522. [PDF]
5. “Last-Minute Bidding in Sequential Auctions with Unobserved, Stochastic Entry, ” (with Ilke Onur, Tom Wiseman), Review of Industrial Organization, 2012, 40, 1-19. [PDF]
6. “Observational Learning and Demand for Search Goods”, (with Alan Sorensen, Tom Wiseman), American Economic Journals: Microeconomics , 2012, 4, 1-31. (Winner of the AEJ Micro Best Paper Award, 2015) [PDF]
7. "Recent U.S. Offshore Oil and Gas Lease Bidding: A Progress Report" (with Philip Haile and Robert H. Porter), International Journal of Industrial Organization, 28, July 2010, 390-396. [PDF]
8. “Bidding Rings and the Winner’s Curse: The Case of Offshore Federal Oil and Gas Lease Auctions,” (with R. Porter and G. Tan), The RAND Journal , 39, 4, Winter 2008, 1018-1041. [PDF]
9. “Theory of Bilateral Oligopoly” (with R. Preston McAfee), Economic Inquiry, 48, 2, April 2010, 391-414. [PDF]
10. “Information and Skewness of Music Sales”, (with Alan Sorensen), Journal of Political Economy, 117 (2), April, 2009, pp. 324-369. [PDF]
11. “Evaluating the Likely Effects of Horizontal and Vertical Mergers”, (with R. Preston McAfee and M. Williams), Antitrust Report, Issue 2, pp. 33-40, 2007. [PDF]
12. “A Survey of Empirical Work in Auctions,” (with R. Porter), in Handbook of Industrial Organization, Vol. III, edited by R. Porter and M. Armstrong, Vickers, Amsterdam: North-Holland, 2007. [PDF]
13. “Price Discrimination and Irrational Consumers: A Discussion”, Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress of the Econometrics Society, Volume II, eds. R. Blundell, W. Newey, and T. Persson, Cambridge University Press, 2006. [PDF]
14.  “Feints,” (with R. Preston McAfee), Journal of Economics and Management Strategy, 2007.  [PDF]
15. “Evolution of the Market for Air-Travel Information”, (with Michael Doane and Preston McAfee), in Advances in Applied Microeconomics: Organizing the New Industrial Economy, [PDF]
    edited by Michael R. Baye, Elsevier, 2004.
16. “Empirical Implications of Equilibrium Bidding in First Price, Symmetric, Common Value Auctions,” (with J. Pinkse and R. Porter), Review of Economic Studies, Vol. 70(1), January, 2003. [PDF]
17. “Measuring Anti-competitive Effects of Mergers when Buyer Power is Concentrated, (with R. Preston McAfee, Michael A. Williams, Joshua M. Fried, and Melanie Stallings Williams), Texas Law Review 2001, Vol. 79, 6, pp 1621-1639. [PDF]
18. “Equilibria in Networks,” (with M. Piccione and G. Tan), Econometrica, November 1999. [PDF]
19. “Entry and Exit in Hub-Spoke Networks,” (with M. Piccione and G. Tan), The RAND Journal, Vol. 28, No. 2, summer 1997, pp. 291– 303. [PDF]
20. “Determinants of the Timing and Incidence of Exploratory Drilling on Offshore Wildcat Tracts,” (with R. Porter), American Economic Review, vol. 86 (3), June 1996, pp. 388–407. [PDF]
21. “The Economics of Hubs: The Case of Monopoly,” (with M. Piccione and G. Tan), Review of Economic Studies, 62, January 1995, pp. 83–99. [PDF]
22. “A Survey of Recent Empirical Work Concerning Auctions,” (with H. Paarsch), Canadian Journal of Economics, ed. by W. B. MacLeod and M. Poitevin, May 1995, pp. 403–426. [PDF]
23. “Auctions for Oil and Gas Leases with an Informed Bidder and a Random Reservation Price,” (with R. Porter and C. A. Wilson), Econometrica, 62, November 1994, pp. 1415–1444. [PDF]
24. “Bidding Behavior in OCS Drainage Auctions: Theory and Evidence,” (with R. Porter), European Economic Review, 37, March 1993, pp. 320–328. [PDF]
25. “Optimal Selling Strategies for Oil and Gas Leases with an Informed Buyer, ” (with R. Porter and G. Tan), American Economic Review: Papers and Proceedings, Vol. 83, No. 2, May 1993, pp. 234–239. [PDF]
26. “Joint Bidding in Federal OCS Auctions,” (with R. Porter), American Economic Review: Papers and Proceedings, Vol. 82, No. 2, May 1992, pp. 506–511. [PDF]
27. “Reputations in the Adoption of New Technology,” International Journal of Industrial Organization, 10, December 1992, pp. 663–677. [PDF]
28. “Equilibrium in Preemption Games with Complete Information,” (with C. Wilson) in Equilibrium and Dynamics: Essays in Honor of David Gale. Ed. M. Majumdar, MacMillan Press, 1992, pp. 123–147. [PDF]
29. “Random Reservation Prices and Bidding Behavior in OCS Drainage Auctions ”, (with R. Porter, R. Spady), Journal of Law and Economics, Vol. XXXII (2) (Pt. 2), October 1989, pp. S83–S106. [PDF]
30. “Asymmetric Information, Information Externalities, and Efficiency: The Case of Oil Exploration,” (with D. Kovenock), The Rand Journal of Economics , Vol. 20, No. 2, summer 1989, pp. 164–182. [PDF]
31. “Collusion in Auctions,” Annales d’Economie ET de Statistique, No. 15/16, Juillet–Décembre, 1989, pp. 218–230. [PDF]
32. “An Empirical Study of an Auction with Asymmetric Information” (with R. Porter), American Economic Review, Vol. 78 (5), December 1988, pp. 865–883. [PDF]
33. “The War of Attrition in Continuous Time with Complete Information” (with A. Weiss and C. A. Wilson), International Economic Review, Vol. 29 (4), November 1988, pp. 663–680. [PDF]
34. “Information and Returns in OCS Auctions, 1954–1969” (with R. Porter and B. Bourdreau), Journal of Industrial Economics, XXXV (1987), pp. 517–542. [PDF]
35. “A Note on the Core of the Overlapping Generation Model” (with K. Judd and D. Kovenock), Economics Letters, 6 (1980), pp. 95–97. [PDF]
36. “Canadian Perspectives on the Alaska Highway Pipeline: Modeling the Alternatives” (with J. Helliwell and D. Williams) in Energy Modeling: Canadian and U.S. Experiences. Edited by W. Ziemba et al., Hingham, MA: Martinus Nijhoff, 1979, Vol. II, pp. 279–317.
37. “An Integrated Simulation Approach to the Analysis of Canadian Energy Policies” (with J. Helliwell, B. Duncan et al.), Journal of Business Administration, 10 (1979), pp. 283–94.

Working Papers

• “Asymmetric information and the supply-chain of mortgages: The case of Ginnie Mae loans,” (with J. Becker, J.F. Houde, and D. Raisingh), 2023. [PDF, Slides]
• “Testing Competition in Common Value Auctions: The Case of U.S. O¤shore Oil and Gas Lease Auctions,” (with A. Aradillas-Lopez, P. Haile, R. Porter, and D. Raisingh), 2021. [PDF, Slides]
• “Competing Mechanisms in Sequential Sales,” (with T. Wiseman), 2021. [PDF]
• “Dynamics and Efficiency in Decentralized Online Auction Markets,” (with A. Sorensen and T. Wiseman), March 2021. [PDF]
• “Empirical Analysis and Auction Design,” (with R. Porter), Porter’s Econometric Society Presidential Address. [Slides]
• “The War of Attrition in Discrete Time,” (with C. Wilson). Also circulated as SUNY at Stony Brook Working Paper #280, December 1985, revised March 1989, revised again November, 1995.

Teaching

Lecture Notes

• Auction Lectures For Undergrads
• IO Lectures For Undergrad