Dr. Persico is currently the John L. and Helen Kellogg Professor of Managerial Economics and Decision Sciences at Northwestern University's Kellogg School of Management. He received his PhD in Economics from Northwestern University in 1996, and spent one year on the faculty at UCLA prior to joining Penn in 1997, where he was granted tenure. He moved to NYU in 2006 as Professor of Economics, and Professor of Law and Society. Dr. Persico joined, Kellogg in 2011. Dr. Persico has received a number of honors and fellowships, including several National Science Foundation Grants, and he was an Alfred P. Sloan research fellow from 2002-2004. He served on the editorial board of the International Economic Review, has been associate editor of Econometrica, of The American Economic Review, and of the Journal of the European Economic Association, and co-editor of Theoretical Economics. He is currently co-editor of the Journal of Law, Economics, and Organization. Dr. Persico has published in the areas of political economy, law and economics, and labor economics.

Contract Theory, Economics of Organizations, Political Economy/Design, Labor Economics, Microeconomics, Game Theory

• PhD, 1996, Economics, Northwestern University
• PhD, 1995, Mathematical Economics , Trieste, Italy
• Laurea, 1991, Economics, Università Bocconi, Magna cum Laude

• Professor, Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 2011-present
• Professor (courtesy), Economics, Northwestern University, 2011-present
• Research Associate, NBER, 2006-present
• Professor, Economics and Law and Society, New York University, 2006-2011
• Associate Professor, Economics, University of Pennsylvania, 2001-2006
• Visiting Fellow, Economics, Princeton University, 2001-2001
• Assistant Professor, Economics, University of Pennsylvania, 1997-2001
• Assistant Professor, Economics, UCLA, 1996-1997

• Editorial Board, Journal of Law, Economics, & Organization, 2017
• Co-Editor, Theoretical Economics, 2011-2015
• Board of Editors, American Economic Review, 2009-2011
• Associate Editor, Econometrica, 2009-2011
• Associate Editor, Journal of the European Economic Association, 2009-2011
• Editorial Board, International Economic Review, 2001-2006

Political Economy, Business Strategy

The Sphere of Leadership

If you're seeking to propel your organization and career forward faster, this dynamic program will take you on an intensive, comprehensive leadership journey designed to spur your individual growth and elevate your leadership capabilities.

Strategic Crisis Management (KPPIX-910-0)
Strategic Crisis Management provides conceptual tools for managers in high-pressure, complex crisis situations. Topics include management and media, dealing with activists and interest groups, and surviving legal, legislative and regulatory challenges.

Strategy Beyond Markets (KPPIX-441-0)
All economic systems are defined by "rules of the game:" laws, regulations, and implicit norms of behavior that structure market competition. Examples include: antitrust legislation; regulatory compliance requirements; privacy regulation and norms; intellectual property rules; product liability rules; barriers to exports; etc. In this class you will learn how to think strategically about the rules of the game, and how to make the rules of the game work for your company.

Research in Economics (MECS-560-3)
This course introduces first-year PhD students to the economics research environment. With an emphasis on breadth, and minimal prerequisite knowledge at the graduate level, students are exposed to the process of forming and answering research questions. To implement this goal, the course typically involves a handful of instructors each giving their own perspective on successful approaches to research by highlighting significant recent works in their respective fields of interest.

Political Economy I: Budget Deficits: A Political Economy View (MECS-540-1)
Budget deficits are a defining feature of the contemporary state. Starting in the 1960’s, most developed countries have been running persistent deficits. Today, government debt levels exceed the GDP in many countries. The high taxes needed to refinance this debt distort the real economy and reduce growth. Future generations will bear the burden. What caused these budget deficits? Can we expect them to persist? What impact do they have on the real economy? Are they the necessary side-effect of democracy, and are some political institutions better than others at containing the debt? In this class we will review the economic and political-economic literature on budget deficits. We will cover theoretical and empirical papers on topics including: economic and politico-economic models of government debt; the impact of debt on growth; the effect of fiscal rules; and sovereign defaults. The emphasis will be on recent developments in the field. The course is designed to be complementary with Public Finance and Macro.

Strategy Beyond Markets (KPPI-441-0)
The explicit regulations and implicit norms governing a firm's market behavior are determined by myriad social, political, regulatory and legal institutions. These non-market institutions are arenas in which interest groups compete to change the rules to further their goals. This course takes the perspective of managers or consultants who must anticipate how interests and institutions within the non-market environment will react to new issues and develop strategies for affecting outcomes with the goal of improving firm performance. The course introduces students to a set of frameworks and tools that assist managers in non-market analysis and strategy development. Cases focusing on the media, activists, legislatures, regulatory agencies and international trade are used to practice applying the frameworks and formulating effective strategies.

Leadership and Crisis Management (KPPI-440-5)
This course was formerly known as KPPI 440-A
In recent decades corporations have increasingly become the dominant source for political and social change. Increased globalization and technological progress have further accelerated this process. Businesses are now held accountable by standards other than legal compliance or financial performance. Successful business leaders have recognized that these challenges are best mastered by a commitment to values-based management. However, simply "doing the right thing" is not enough. Rather, companies increasingly find themselves as targets of aggressive legal action, media coverage and social pressure. Organizations must be prepared to handle rapidly changing environments and anticipate potential threats. This requires a deep understanding of the strategic complexities in managing various stakeholders and constituencies. To confront students with these challenges in a realistic fashion, the class is structured around a rich set of challenging case studies and crisis simulation exercises. Spring 2017 Chicago Campus Section 71 will meet on the following dates: Fri 04/07/2017 6:00 PM - 9:00 PM Sat 04/08/2017 9:00 AM - 4:00 PM Fri 04/21/2017 6:00 PM - 9:00 PM Sat 04/22/2017 9:00 AM - 12:00 PM

Workshop on Research Development (KPHD-520-0)
PhD students will be asked to present their research ideas to a group of faculty and students. Research ideas can be new or they can be well-developed. Each student is expected to present multiple research ideas. Presentation of a research idea involves situating the idea in the relevant literature, outlining the type of results/analysis that the student expects to carry out, and if possible, the possible “punch lines” of the research project. Emphasis will be placed on the evaluating the viability of research ideas as job market papers.