Managerial Economics and Decision Sciences
United States of America
Robert J. Weber is the Frederic E. Nemmers Distinguished Professor of Decision Sciences at the Kellogg School of Management, Northwestern University. Educated at Princeton and Cornell, he was a faculty member of the Cowles Foundation for Research in Economics at Yale, and taught in the Yale School of Organization and Management, prior to joining the Kellogg faculty in 1979. His general area of research is game theory, with a primary focus on the effects of private information in competitive settings. Much of his research has been centered on the theory and practice of competitive bidding and auction design. His 1982 paper, "A Theory of Auctions and Competitive Bidding" (Econometrica 50, co-authored with P.R. Milgrom), is considered a seminal work in the field. He served as an external consultant on a 1985 project leading to revisions in the procedures used to auction petroleum extraction leases on the U.S. outer continental shelf, and he co-organized (with representatives of the Federal Reserve Board and the U.S. Treasury) the 1992 public forum which led to changes in the way the Treasury auctions its debt issues. Since 1993, he has represented private clients during both the rule-making and bidding phases of the FCC's sale of licenses of spectrum for the provision of personal communications services.
Game theory, auctions and bidding, voting systems