Donald (Don) Hausch

Donald B. Hausch is the Dickson-Bascom Professor of Business and a professor in the Operations & Information Management Department of the Wisconsin School of Business. He is the Associate Dean for the Evening & Executive MBA programs and the Faculty Director of the Bolz Center for Arts Administration.

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 previously served four years as the director of the Executive MBA program and three years as Associate Dean for the MBA program. He was awarded the Jerred Service Award from the Wisconsin School of Business.

His Ph.D. is from Northwestern University’s J.L. Kellogg Graduate School of Management in managerial economics and decision sciences.

Selected Published Journal Articles

• Hausch, D. & Ramachandran, S. (2009). Systemic Financial Distress and Auction-Based Bankruptcy Reorganization. International Review of Economics & Finance (18), 366-380. doi: 10.1016/j.iref.2008.09.007.
• Hausch, D. & Ziemba, W. (2008). Handbook of Sports and Lottery Markets. Handbook of Sports and Lottery Markets, 536 + xxiii.
• Hausch, D. & Lo, V. & Ziemba, W. (2008). Efficiency of Racetrack Betting Markets. Efficiency of Racetrack Betting Markets, 648 + xxvii.
• 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 (12), 283-301. doi: 10.1080/13518470500531051.
• Gale, I. & Hausch, D. & Stegeman, M. (2000). Sequential Procurement with Subcontracting. International Economic Review (41), 989-1020. doi: 10.1111/1468-2354.00093.
• Hausch, D. & Che, Y. (1999). Cooperative Investments and the Value of Contracting. American Economic Review (89), 125-147. doi: 10.1257/aer.89.1.125.
• Hausch, D. & Gale, I. (1994). Bottom-Fishing and Declining Prices in Sequential Auctions. Games and Economic Behavior (7), 318-331. doi: 10.1006/game.1994.1054.
• Hausch, D. & Li, L. (1993). A Common Value Auction Model with Endogenous Entry and Information Acquisition. Economic Theory (3), 315-334. doi: 10.1007/BF01212920.
• Hausch, D. & Seward, J. (1993). Signaling with Dividends and Share Repurchases: A Choice Between Deterministic and Stochastic Cash Disbursements. Review of Financial Studies (6), 121-154. doi: 10.1093/rfs/6.1.121.
• Hausch, D. & Dennis, L. & Seward, J. (1992). Dutch Auction Share Repruchases. Journal of Applied Corporate Finance (5), 44-49. doi: 10.1111/j.1745-6622.1992.tb00479.x.
• Hausch, D. & Ziemba, W. (1990). Arbitrage Strategies for Cross Track Betting on Major Horseraces. Journal of Business (63), 61-78.
• Hausch, D. & Ziemba, W. (1990). Locks at the Racetrack. Interfaces (20), 41-48. doi: 10.1287/inte.20.3.41.
• Hausch, D. (1988). A Model of Sequential Auctions. Economics Letters (26), 227-233. doi: 10.1016/0165-1765(88)90140-1.
• Hausch, D. (1987). An Asymmetric Common Value Auction Model. Rand Journal of Economics (18), 611-621.
• Hausch, D. (1985). Multi-Object Auctions: Sequential vs. Simultaneous Sales. Management Science (32), 1599-1610. doi: 10.1287/mnsc.32.12.1599.
• Hausch, D. & Ziemba, W. (1985). Transaction Costs, Market Inefficiencies and Entries in a Racetrack Betting Model. Management Science (31), 381-394. doi: 10.1287/mnsc.31.4.381.
• Hausch, D. & Ziemba, W. (1983). Bounds on the Value of Information in Uncertain Decision Problems II. Journal of Stochastics (10), 181-217. doi: 10.1080/17442508308833273.
• Hausch, D. & Ziemba, W. & Rubinstein, M. (1981). Efficiency of the Market for Racetrack Betting. Management Science (27), 1435-1452. doi: 10.1287/mnsc.27.12.1435.

Practitioner-Oriented Publications

• Hausch, D. & Ziemba, W. & Lo, V. (2011). Efficiency of Racetrack Betting Markets (2008 Edition). Kelly Capital Growth Investment Criterion: Theory and Practice, 663-680.
• Hausch, D. & Ramachandran, S. (2001). Corporate Debt Restructuring: Auctions Speak Louder than Words.
• Hausch, D. (2001). Auctions in Finance.

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

Graduate Courses

Reading & Research -- Cultural Economics (OIM 799 Section 1), Fall 2007.

Economics for Managers (OTM 732 Section 1), Spring 2009.

Economics for Managers (OTM 732 Section 30), Spring 2009.

Economics for Managers (OIM 732), Spring 2005.

Economics for Managers (OIM 732), Spring 2005.

Economics for Managers (OIM 732), Spring 2005.

Economics for Managers (OIM 732), Fall 2005.

Economics for Managers (OIM 732), Spring 2006.

Economics for Managers (OIM 732), Spring 2006.

Economics for Managers (OIM 732), Spring 2006.

Economics for Managers (OTM 732 Section 1), Fall 2009.

Economics for Managers (OTM 732 Section 1), Spring 2010.

Economics for Managers (OTM 732 Section 30), Spring 2010.

Economics for Managers (OTM 732), Fall 2006.

Economics for Managers (OTM 732 Section 1), Fall 2010. Download Syllabus

Economics for Managers (OTM 732 Section 1), Spring 2007.

Economics for Managers (OTM 732 Section 30), Spring 2007.

Economics for Managers (OTM 732 Section 1), Fall 2013. Download Syllabus

Economics for Managers (OTM 732 Section 1), Spring 2013. Download Syllabus

Managerial Economics (IOM 730), Fall 2001.

Managerial Economics (OIM 730), Fall 2001.

Managerial Economics (OIM 730), Fall 2002.

Managerial Economics (OIM 730), Fall 2002.

Managerial Economics (OIM 730), Fall 2003.

Managerial Economics (OIM 730), Fall 2003.

Managerial Economics (OIM 730), Summer 2003.

Managerial Economics (OIM 730), Summer 2004.

Managerial Economics (OIM 730), Summer 2005.

Economics for Managers (OTM 2007 Section 30), Spring 2007.

Editorial and Reviewing Activities

American Economic Review, 2010 - Since January 0001 Ad Hoc Reviewer

Small Business Economics: An Entrepreneurial Journal, 2010 - Since January 0001 Ad Hoc Reviewer

Economics Letters, 2010 - Since January 0001 Ad Hoc Reviewer