George Georgiadis
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—especially performance pay—affect the behaviors of individuals and organizations. His recent research has explored what data organizations need and how to use it in combination with contract theoretic models to optimize their performance pay plans. 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
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Ph.D., 2013, Management, University of California, Los Angeles
C. Phil (M.S. equivalent), 2011, Management, University of California, Los Angeles
M.A., 2010, Economics, University of California, Los Angeles
M.S., 2010, Electrical Engineering, University of California, Los Angeles
B.S., 2007, Electrical and Computer Engineering, Aristotle University of Thessaloniki -
Associate Professor, Strategy, Kellogg School of Management, Northwestern University, 2018-present
Assistant Professor, Strategy, Kellogg School of Management, Northwestern University, 2015-2018
Assistant Professor, Department of Economics, Boston University, 2014-2015
Postdoctoral Instructor of Business, Economics, and Management, Humanities and Social Sciences, California Institute of Technology, 2013-2014 -
Referee, American Economic Review, Econometrica, Journal of Political Economy, Review of Economic Studies, American Economic Journal: Microeconomics, Economic Letters, Games and Economic Behavior, International Economic Review, International Journal of Game Theory, International Game Theory Review, Journal of Economics, Journal of Economic Dynamics & Control, Journal of Economic Theory, Journal of Economics & Management Strategy, Journal of the European Economic Association, Journal of Law, Economics and, 2023-2024
Data-Driven Theory (KPHD-525-0)
This course focuses on "data-driven" economic theory---that is, papers that take the theory seriously and in combination with data aim to make prescriptive recommendations; for example, how to design a performance pay plan given workers’ productivity data, or how to design an internal labor market. We will cover papers from several literatures including mechanism design and auctions, contract theory, market design, internal labor markets, taxation, and social insurance. Deliverables include several presentations (a central goal of this course is to hone your presenting skills), evaluations of peers’ presentations, and a paper project.
Strategy and Organization (STRT-452-0)
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.
