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Washington University in St. Louis News & Information > Faculty Experts at Washington University in St. Louis >

August A. Busch Jr. Distinguished Professor of Managerial Economics and Strategy
Expertise: auctions and bidding, competitive strategy, economics, game theory
Bio:
Swinkels' current research focuses on the properties of large auctions and the optimal design of incentive schemes. His other research includes theoretical work on the foundations of game theory, work on the study of how people learn in strategic situations, and applications of game theory to understanding a variety of economic situations, including the use of education to signal ability and the behavior of firms in strategic settings. Swinkels was previously a tenured member of the J.L. Kellogg Graduate School of Management at Northwestern University, in the department of Managerial Economics and Decision Sciences. From 1990-92, he was a member of the Department of Economics at Stanford University. In December 2004, he was elected a fellow of the Econometric Society , the most prestigious society in the field of economics.
WUSTL Contact Information:
| Work: | (314) 935-6307 |
| Fax: | (314) 935-6359 |
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Education:
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B.A. at Queen's University
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Ph.D. at Princeton University

| News Stories & Tip Sheets: |
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When stocks are not the best option
 Chosing incentives for work where everyone gains: stocks or options?

April 6,
2005 --
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| Stock options or pure stock ? what's the trade-off? |
In recent years, the practice of motivating CEOs and managers with stock options rather than pure stock has been linked to corruption and fraud. But companies shouldn't fear the option, according to two professors in the Olin School of Business at Washington University in St. Louis. Moving away from stock options as a way to reward good work may be a bad business move. The professors argue that in most cases stock options provide better incentives to motivate employees and they're less expensive for the company to issue. At the same time, the researchers found that if a company is just starting out or facing possible bankruptcy, then stocks are your best bet.

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Swinkels honored
 Washington University business professor elected to Econometric Society

Jan. 6,
2005 --
Washington University in St. Louis business professor Jeroen Swinkels, August A. Busch, Jr. Distinguished Professor of Managerial Economics and Strategy at the Olin School of Business, was elected a fellow of the Econometric Society in December 2004. With a worldwide membership, the Econometric Society is the most prestigious society in the field of economics. Over the past decade, only about 15 candidates per year have been elected as new fellows.

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