Biography
Donald B. Hausch is the Wisconsin School of Business – Bascom Professor and a professor in the Operations & Information Management Department of the Wisconsin School of Business.
His research has explored the game-theoretic analysis of auctions and competitive bidding, with a special focus on information acquired prior to and discerned through the auction process itself. He also has researched bankruptcy reorganization and financial restructuring through negotiations and security design, the design of contracts and their ability to achieve efficient trade outcomes, and an empirical investigation of market inefficiency.
Hausch has co-authored two books and two edited volumes, and written numerous articles that have been published in the American Economic Review, Review of Financial Studies, International Economic Review, Management Science, Journal of Business, Journal of Applied Corporate Finance, Economic Theory, RAND Journal of Economics, and other journals. He was an associate editor of Management Science for 10 year. He has consulted for the World Bank on the resolution of systemic financial distress, and he received a Vilas Research Award from the University of Wisconsin-Madison.
Hausch teaches the managerial economics course in the full-time MBA core program, the Evening MBA, and the Executive MBA. He has also taught advanced masters/Ph.D. courses on economics of organization and on game theory.
He served four years as the director of the Executive MBA program, more than seven years as the associate dean over the Evening and Executive MBA programs, and four years as Associate Dean of the Full-Time MBA program. The Wisconsin School of Business awarded him the Robert A. Jerred Distinguished Service Award in 2002 and the Gaumnitz Distinguished Faculty Award for Service in 2018.
His Ph.D. is from Northwestern University’s J.L. Kellogg Graduate School of Management in managerial economics and decision sciences.
Research
Selected Published Journal Articles
Hausch, D. & Ramachandran, S. (2009). Systemic Financial Distress and Auction-Based Bankruptcy Reorganization International Review of Economics & Finance
Hausch, D. & Ziemba, W. (2008). Handbook of Sports and Lottery Markets Handbook of Sports and Lottery Markets
Hausch, D. & Lo, V. & Ziemba, W. (2008). Efficiency of Racetrack Betting Markets Efficiency of Racetrack Betting Markets
Bain, R. & Hausch, D. & Ziemba, W. (2006). An Application of Expert Information to Win Betting on the Kentucky Derby 1981-2005 European Journal of Finance
Gale, I. & Hausch, D. & Stegeman, M. (2000). Sequential Procurement with Subcontracting International Economic Review
Hausch, D. & Che, Y. (1999). Cooperative Investments and the Value of Contracting American Economic Review
Hausch, D. & Gale, I. (1994). Bottom-Fishing and Declining Prices in Sequential Auctions Games and Economic Behavior
Hausch, D. & Li, L. (1993). A Common Value Auction Model with Endogenous Entry and Information Acquisition Economic Theory
Hausch, D. & Seward, J. (1993). Signaling with Dividends and Share Repurchases: A Choice Between Deterministic and Stochastic Cash Disbursements Review of Financial Studies
Hausch, D. & Dennis, L. & Seward, J. (1992). Dutch Auction Share Repruchases Journal of Applied Corporate Finance
Hausch, D. & Ziemba, W. (1990). Arbitrage Strategies for Cross Track Betting on Major Horseraces Journal of Business
Hausch, D. & Ziemba, W. (1990). Locks at the Racetrack Interfaces
Hausch, D. (1988). A Model of Sequential Auctions Economics Letters
Hausch, D. (1987). An Asymmetric Common Value Auction Model Rand Journal of Economics
Hausch, D. & Ziemba, W. (1985). Transaction Costs, Market Inefficiencies and Entries in a Racetrack Betting Model Management Science
Hausch, D. (1985). Multi-Object Auctions: Sequential vs. Simultaneous Sales Management Science
Hausch, D. & Ziemba, W. (1983). Bounds on the Value of Information in Uncertain Decision Problems II Journal of Stochastics
Hausch, D. & Ziemba, W. & Rubinstein, M. (1981). Efficiency of the Market for Racetrack Betting Management Science
Practitioner-Oriented Publications
Ziemba, W. & Hausch, D. (2018). Dr Z’s Beat the Racetrack
Hausch, D. & Ziemba, W. & Lo, V. (2011). Efficiency of Racetrack Betting Markets (2008 Edition) Kelly Capital Growth Investment Criterion: Theory and Practice
Hausch, D. & Ramachandran, S. (2001). Corporate Debt Restructuring: Auctions Speak Louder than Words
Hausch, D. (2001). Auctions in Finance
Ziemba, W. & Hausch, D. (1987). Dr Z’s Beat the Racetrack
Presentations
Rays of Reseach (2009) Buy Now or Buy Later
Conference on Corporate Debt Management (2002) Systemic Financial Distress and Auction-Based Bankruptcy Reorganization
DePaul Business School Research Seminar (2002) An Application of Expert Information to Win Betting on the Kentucky Derby, 1981-2000
Fuqua School Research Seminar (2001) An Application of Expert Information to Win Betting on the Kentucky Derby, 1981-2000
Fuqua School Research Seminar (2001) Systemic Financial Distress and Auction-Based Reorganization
Conference on The Asian Crisis: II (2000) Systemic Financial Distress and Auction-Based Reorganization
Teaching
Graduate Courses
Reading & Research — Cultural Economics (OIM 799), Fall 2007.
Individual work suited to the needs of graduate students may be arranged both during regular sessions and the intersession periods.
Economics for Managers (OTM 732), Spring 2007.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OTM 732), Fall 2013. Download Syllabus
Economics for Managers (OTM 732), Spring 2013. Download Syllabus
Economics for Managers (OIM 732), Spring 2005.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OIM 732), Spring 2005.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OIM 732), Spring 2005.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OIM 732), Fall 2005.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OTM 732), Spring 2009.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OTM 732), Spring 2009.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OIM 732), Spring 2006.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OIM 732), Spring 2006.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OIM 732), Spring 2006.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OTM 732), Fall 2009.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OTM 732), Spring 2010.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OTM 732), Spring 2010.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OTM 732), Fall 2006.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OTM 732), Fall 2010. Download Syllabus
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Economics for Managers (OTM 732), Spring 2007.
This course develops and applies economic principles to examine the affect of firm, industry, domestic and global market conditions on both day-to-day managerial decision making and long-term strategic planning.
Managerial Economics (IOM 730), Fall 2001.
Develops an economic model of the firm and market, addressing topics of supply and demand, marginal analysis, economic value and cost, elasticity, pricing, incentives, and competition. Objective is to teach how economic logic can provide practical insights into business decision making.
Managerial Economics (OIM 730), Fall 2001.
Develops an economic model of the firm and market, addressing topics of supply and demand, marginal analysis, economic value and cost, elasticity, pricing, incentives, and competition. Objective is to teach how economic logic can provide practical insights into business decision making.
Managerial Economics (OIM 730), Fall 2002.
Develops an economic model of the firm and market, addressing topics of supply and demand, marginal analysis, economic value and cost, elasticity, pricing, incentives, and competition. Objective is to teach how economic logic can provide practical insights into business decision making.
Managerial Economics (OIM 730), Fall 2002.
Develops an economic model of the firm and market, addressing topics of supply and demand, marginal analysis, economic value and cost, elasticity, pricing, incentives, and competition. Objective is to teach how economic logic can provide practical insights into business decision making.
Managerial Economics (OIM 730), Fall 2003.
Develops an economic model of the firm and market, addressing topics of supply and demand, marginal analysis, economic value and cost, elasticity, pricing, incentives, and competition. Objective is to teach how economic logic can provide practical insights into business decision making.
Managerial Economics (OIM 730), Fall 2003.
Develops an economic model of the firm and market, addressing topics of supply and demand, marginal analysis, economic value and cost, elasticity, pricing, incentives, and competition. Objective is to teach how economic logic can provide practical insights into business decision making.
Managerial Economics (OIM 730), Summer 2003.
Develops an economic model of the firm and market, addressing topics of supply and demand, marginal analysis, economic value and cost, elasticity, pricing, incentives, and competition. Objective is to teach how economic logic can provide practical insights into business decision making.
Managerial Economics (OIM 730), Summer 2004.
Develops an economic model of the firm and market, addressing topics of supply and demand, marginal analysis, economic value and cost, elasticity, pricing, incentives, and competition. Objective is to teach how economic logic can provide practical insights into business decision making.
Managerial Economics (OIM 730), Summer 2005.
Develops an economic model of the firm and market, addressing topics of supply and demand, marginal analysis, economic value and cost, elasticity, pricing, incentives, and competition. Objective is to teach how economic logic can provide practical insights into business decision making.
Economics for Managers (OTM 2007), Spring 2007.
Service
Editorial and Reviewing Activities
American Economic Review, 2010
Small Business Economics: An Entrepreneurial Journal, 2010
Economics Letters, 2010