Center for Research in Economics and Strategy

Director: Glenn MacDonald, Ph.D.

Home Page: http://www.olin.wustl.edu/acadres/centers/cres.cfm Email: cres@olin.wustl.edu Telephone: (314) 935-4512

The Center's objective is to advance understanding of firms and markets by supporting scientific research on these subjects, especially research employing state-of-the-art analytical and/or empirical methods to address substantive questions and intended to be published in top tier academic journals. Topics include, but are not limited to, industrial organization, business strategy, game theory and applications such as organization and incentive design, pricing and industry evolution. Research at the interface of economics and strategy is of particular interest, but economics-based research in any area is welcome.

News Stories & Tip Sheets:

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Advancing competitively requires firms to be self-aware and capable to implement plans, business professors say Business innovation is not dependent on creative people Oct. 9, 2006 -- American companies continue to grapple with staying competitive in the global economy. Increasingly, companies and business gurus are citing innovation as the key to sustaining American business' strength. What's not clear is what it means for a company to be innovative. Washington University business professors say the best way to infuse innovation into a company is not by hiring creative people, but by managing innovation in a systematic way. More...

It's the wave of the future: The economy thrives, but the employment rate doesn't Jobless recovery will be a repeat phenomenon Sept. 7, 2006 -- Recovering from a recession doesn't include the entire economy. The "jobless recovery" that befuddled observers after the recession in the early 2000s was no fluke. It's actually a pattern that we can expect to continue thanks to technology's uneven impact across sectors of the economy. What's more, this new trend in business cycles is as important in making policy decisions as it is in ensuring the stability of the country's economy. More...

For Expert Comment WUSTL business professor addresses GM and plight of auto industry March 23, 2006 -- Bigelow Lyda Bigelow, assistant professor of organization and strategy, has little sympathy for the difficulties American car makers are experiencing. She says that American car makers had a long time to work out the pension and benefits problems they're now facing, but the companies failed to do so, even when they had the resources to do so.

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Faculty Experts:

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Glenn MacDonald John M. Olin Distinguished Professor of Economics & Strategy Glenn MacDonald Download Professor MacDonald is an expert source on general business issues and business strategy as well as on economic growth and strategy, employment and labor, unions, trade, aging workforce issues, technology, and mergers, compensation and investor protection. Expertise: applications of game theory, economic strategy, industrial organization, industry dynamics, research and development, the evolution of organizations, economic growth, … Direct contact: (314) 935-7768 / macdonald@olin.wustl.edu

Jackson Nickerson Frahm Family Professor of Organization and Strategy Jackson Nickerson Download Nickerson's area of expertise includes corporate strategy and policy, economic policy, microeconomics, industrial organization, organizational economics, new institutional economics, intellectual capital management, technology licensing, organizational theory, human resource management, organizational ... Expertise: business strategy & public policy, intellectual capital management, new institutional economics, organizational economics, organizational theory, technology licensing, corporate strategy and policy, … Direct contact: (314) 935-6374 / nickerson@olin.wustl.edu

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