Daniel Barron
Daniel Barron

Assistant Professor of Strategy

Print Overview

Daniel Barron received his PhD in Economics from the Massachusetts Institute of Technology in 2013.  He is currently an Assistant Professor of Strategy. Before coming to Kellogg, he was a Postdoctoral Associate in the Cowles Foundation at Yale University. Professor Barron's interests include contract theory and organizational economics. His research focuses on how firms and other organizations use relational contracts to motivate their long-term partners.

Areas of Expertise
Contract Theory
Economics of Organizations
Game Theory

Print Vita
Ph.D., 2013, Economics, Massachusetts Institute of Technology
B.S., 2008, Mathematics, Indiana University
B.A., 2008, Economics, Indiana University

Academic Positions
Donald P. Jacobs Scholar, Management and Strategy, Kellogg School of Management, Northwestern University, 2014-present
Postdoctoral Associate, Economics, Yale University, 2013-2014

Other Professional Experience
Postdoctoral Associate, Yale University, 2013-2014

Honors and Awards
JEEA Excellence in Refereeing Award 2017, The European Economic Association
CESifo Prize in Applied Microeconomics - Distinguished CESifo Affiliate, CESifo
Kellogg Faculty Impact Award (STRT-431)
Kellogg Faculty Impact Award (STRT-431), Kellogg School of Management
Deutsche Bahn Prize For Outstanding Research in Organisation and Management ("Relational Adaptation under Reel Authority"), Centre for Economic Policy Research
James A and Ruth Levitan Teaching Award, Massachussetts Institute of Technology
Massachussetts Institute of Technology Fellowship

Editorial Positions
Referee, American Economic Review: Insights, 2018
Referee, Econometrica, 2017
Referee, RAND Journal of Economics, 2017
Referee, Quarterly Journal of Economics, 2017
Referee, Journal of Law, Economics, & Organization
Referee, Journal of Law and Economics
Referee, International Economic Review
Referee, Scandinavian Journal of Economics
Referee, Journal of the European Economic Association
Referee, American Economic Journal: Microeconomics
Referee, Economic Theory
Referee, Games and Economic Behavior
Referee, American Economic Review
Referee, Journal of Economics and Management Strategy
Referee, Management Science
Referee, Journal of Economic Theory
Referee, International Journal of Industrial Organization

Print Research
Research Interests
Relational Contracts, Economics of Organizations, Contract Economics

Barron, Daniel and Isaiah Andrews. 2016. The Allocation of Future Business: Dynamic Relational Contracts with Multiple Agents. American Economic Review. 106(9): 2742-2759.
Barron, Daniel. 2016. Attaining Efficiency with Imperfect Public Monitoring and Dynamic Adverse Selection. Theoretical Economics. 12(3): 957-978.
Working Papers
Barron, Daniel and Michael Powell. 2018. Markets for Rhetorical Ability.
Barron, DanielGeorge Georgiadis and Jeroen Swinkels. 2017. Optimal Contracts with a Risk-Taking Agent.
Barron, Daniel, Robert Gibbons and Kevin J. Murphy. 2016. Relational Adaptation under Reel Authority.
Barron, Daniel and Jin Li. 2016. Financing Constraints and Relational Contracts.
Barron, Daniel and Michael Powell. 2018. Policies in Relational Contracts.
Barron, Daniel. 2013. Putting the Relationship First.

Print Teaching
Teaching Interests
Strategy, Economics of Organization
Full-Time / Evening & Weekend MBA
Economics of Organizations II: Organizational Dynamics (MECS-570-2)
Practices and productivity vary both across organizations and over time, which generates substantial and persistent dispersion in firm performance even within narrowly-defined industries. Successful firms can end up in dire straits due to bad luck or poor decisions, while small firms grow, thrive, or fail based in part on their organizational practices. This course expands the discussion started in Organizational Economics I to address how these differences emerge and why they might persist. Topics include dynamic incentive provision and adaptation; hiring, promotion, turnover, and other personnel policies; managerial practices and organizational performance; and productivity dispersion among firms.

Business Strategy (STRT-431-0)
This course was formerly known as MGMT 431
Strategy is the set of objectives, policies and resource commitments that collectively determine how a business positions itself to create wealth for its owners. This course introduces students to principles and conceptual frameworks for evaluating and formulating business strategy. Topics include the boundaries of the firm, the analysis of industry economics, strategic positioning and competitive advantage, and the role of resources and capabilities in shaping and sustaining competitive advantages.

Field Study (STRT-498-0)
Field Studies include those opportunities outside of the regular curriculum in which a student is working with an outside company or non-profit organization to address a real-world business challenge for course credit under the oversight of a faculty member.