George Georgiadis, an Associate Professor in the Strategy department, is an applied microeconomic theorist with a focus on organizational economics and industrial organization. At a broad level, his research studies how incentives—predominately financial ones—affect the behaviors of individuals and organizations. One line of research studies how firms can design effective incentive schemes to motivate their employees. Another line analyzes public good provision problems, and specifically, how inefficiencies such as freeriding can be attenuated.
His work has been published in leading journals including the American Economic Review, Econometrica, Review of Economic Studies, RAND Journal of Economics, Journal of Economic Theory, Theoretical Economics, and Journal of Public Economics.
Professor Georgiadis teaches Strategy and Organization (STRT 452), an elective MBA course on organizational economics, which offers a microeconomic approach to both the internal organization of firms and its relationship with their rivals' overall strategies. Topics include incentive pay, decentralization (e.g., transfer pricing and coordination issues), horizontal mergers, and vertical integration.
Prior to joining Kellogg, he taught at the California Institute of Technology and Boston University. He received a B.S. in Electrical and Computer Engineering from the Aristotle University in Greece, a M.S. in Electrical Engineering and a M.A. in Economics from UCLA, and a Ph.D in Management from the UCLA Anderson School of Management.
Microeconomic Theory, Organization Economics, Industrial Organization
This course focuses on the link between organizational structure and strategy, making use of the microeconomic tools taught in MECN-430. The core question is how firms should be organized to achieve their performance objectives. The first part of the course takes the firm's activities as given and studies the problem of organizational design; topics may include incentive pay, decentralization, transfer pricing, behavioral biases, and complementarities. The second part examines the determinants of a firm's boundaries and may cover such topics as outsourcing, horizontal mergers, and strategic commitment.