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Managerial Economics & Decision Sciences

Associate Professor of Managerial Economics & Decision Sciences

Portrait of James Schummer, Faculty at the Kellogg School of Management

James Schummer joined Kellogg in 1997 after getting his PhD in Economics from the University of Rochester. His areas of expertise include game theory, axiomatic resource allocation, and mechanism design.

The central theme of Professor Schummer's research is to describe resource allocation methods that take individual incentives into account.  A prime example is his past work on auctions involving the construction of auction rules for environments where combinations of objects are being allocated.  Other applications include work on the dynamic reallocation of airport landing slots, pricing decisions for matching platforms, allocation methods that utilize waiting lists.

Professor Schummer has taught throughout Kellogg's programs, including the Full time, Evening, Executive MBA, Exec. Ed., and PhD programs.  He regularly teaches Business Analytics and Managerial Economics courses; he also has taught an MBA Pricing elective and a PhD course on matching models.  He has served as his department's Director of Graduate Studies for the past decade and a half.

About James
Research interests
  • Game Theory
  • Mechanism Design
  • Market Design
  • Collective Decision-making.
Teaching interests
  • Probability and statistics; microeconomics; pricing; matching (PhD).
  • PhD, 1997, Economics, University of Rochester
    MA, 1995, Economics, University of Rochester
    BS, 1992, Finance, Pennsylvania State University
  • Associate Professor of Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 2004-present
    Assistant Professor of Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 1997-2004
    Graduate Teaching Fellow, University of Rochester, 1996-1997
  • Associate Editor, Games and Economic Behavior, 2020
    Associate Editor, Mathematical Social Sciences, 2009-2020

Research (MECS-590-0)

Students preparing dissertations in managerial economics and strategy may register under this heading.

Economic Theory II: Production Networks (MECS-550-2)

This course focuses on how microeconomic interactions between economic units (in particular firms and industries) shape macroeconomic outcomes. While the primary applications are mostly from macroeconomics, the theoretical frameworks and insights are drawn from micro, macro, and network theory.