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Managerial Economics & Decision Sciences

Kellogg Managerial Economics & Decision Sciences Department

The faculty in the Managerial Economics & Decision Sciences Department (MEDS) include economists and political scientists who study, among other things, individual decision making under uncertainty, the performance of firms and markets, economic development, political institutions, and international relations.

The faculty is on the leading edge of fundamental research that has real-world impact around the globe. Topics include auctions, game theory, voting, information aggregation, and strategic behavior within and between organizations. This research is taught in economics and political science departments across the world and is in leading PhD textbooks.

Our MEDS faculty is world-renowned for research and teaching in microeconomics, game theory, political economy, decision theory, probability and statistics.

Faculty in the MEDS department have won numerous research awards and have been elected to memberships of prestigious societies such as the Econometric Society and the American Academy of Arts and Sciences. Multiple Nobel-prize winners conducted fundamental research here.  Additionally, the journal Games and Economic Behavior was founded in the MEDS department.

Nobel Legacy

Former Kellogg Professor Paul Milgrom’s Nobel Prize demonstrates a legacy of innovation in the MEDS department.
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Featured Faculty Members

Nancy Qian

A recent paper examines why workers in richer countries tend to experience faster wage growth.
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Joshua Mollner

New research explores consequences of high‐frequency trading and potential policy responses.
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Peter Klibanoff

A new paper studies incomplete information games with ambiguity averse players.
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Recent Research


Disorder and Discontinuity in Law and Morality
Alvaro Sandroni, Leo Katz, Theoretical Inquires in Law, 2021
The Strategy of Conflict and the Technology of War
Sandeep Baliga, Tomas Sjostrom, Journal of Political Economy, 2020
Incomplete Information Games with Ambiguity Averse Players
Eran Hanany, Peter Klibanoff, Sujoy Mukerji, American Economic Journal: Microeconomics, 2020
High-Frequency Trading and Market Performance
Markus Baldauf, Joshua Mollner, Journal of Finance, 2020
Quid Pro Quo? Corporate Returns to Campaign Contributions
Anthony Fowler, Haritz Garro, Jorg Spenkuch, Journal of Politics, 2020
The Political Economy of Debt and Entitlements
Nicola Persico, The Review of Economic Studies, 2020

Managerial Economic And Decision Sciences News

The Economic Fundamentals of Chinese Communism’s Successes and Failures
Nancy Qian, Project Syndicate, July 05, 2021
Do Diverse Hiring Committees Choose More Diverse Leaders?
Nicola Persico, Kellogg Insight, July 01, 2021
China’s Three-Child Policy Won’t Help
Nancy Qian, Project Syndicate, June 03, 2021
Civil Servants Often Work for Administrations They Disagree with Politically. How Does This Affect Their Job Performance?
Jorg Spenkuch, Kellogg Insight, June 01, 2021
How to Design Contests That Motivate Employees
Jeffrey Ely, George Georgiadis, Luis Rayo, Kellogg Insight, June 01, 2021

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