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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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Upcoming Events

December 07, 2022 | 09:30 AM
Kellogg Global Hub, 4101
December 09, 2022 | 09:30 AM
Kellogg Global Hub, 4101
December 12, 2022 | 09:30 AM
Kellogg Global Hub, 4101

Featured Faculty Members

Jorg Spenkuch

A working paper explores the relationship between school desegregation and political preferences in Kentucky.
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Georgy Egorov

Professor Egorov's research interests include political economy and economic theory.
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Yuval Salant

Professor Salant's research interests include foundations of behavioral economics and bounded rationality.
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Recent Research


Fast Traders Make a Quick Buck: The Role of Speed in Liquidity Provision
Markus Baldauf, Joshua Mollner, Journal of Financial Markets, 2022
Foundations of ambiguity models under symmetry: alpha-MEU and smooth ambiguity
Peter Klibanoff, Sujoy Mukerji, Kyoungwon Seo, Lorenzo Stanca, Journal of Economic Theory, 2022
Partisan Spatial Sorting in the United States: A Theoretical and Empirical Overview
Ethan Kaplan, Jorg Spenkuch, Rebecca Sullivan, Journal of Public Economics, 2022
Complex Disclosure
Ginger Jin, Michael Luca, Daniel Martin, Management Science, 2022
Optimal Monetary Policy in Production Networks
Jennifer La'O, Alireza Tahbaz-Salehi, Econometrica, 2022
The Value of a Coordination Game
Alvaro Sandroni, Willemien Kets, Journal of Economic Theory, 2022

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