Professor of Economics
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Office: 541-737-1471

Bexell Hall

Bexell Hall 430

2251 SW Campus Way

2251 SW Campus Way
Corvallis, OR 97331
Curriculum Vitae: 
Ph.D., Economics

Professor Emeritus (January 2021 – Present); Professor (July 1994 - present), Department Chair (July 1990 - June 2002; September 2007 - August 2010), and Associate Professor (July 1990 - June 1994), Department of Economics, Oregon State University.

Advisory Committee Member (2004 - 2008), School of Economic Sciences, Washington State University.

Professor (July 1997 - August 2004), School of Management and Economics, Aomori Public College, Aomori, Japan.

Honorary Fellow (August, 1994 - July, 1995), Department of Economics, University of Wisconsin-Madison.

Associate Professor (1988 - 1990), Department Head (July, 1989 - June, 1990), and Assistant Professor (1983 - 1988), Department of Economics, Kansas State University.

Instructor (1981 - 1983); Research and Teaching Assistant (1978 - 1981), Department of Economics, Washington State University.

Professional Affiliations: 

American Economic Association

Industrial Organization Society


Ph.D., Economics, August 1983, Washington State University.

B.A., Economics, June 1973, University of California, Los Angeles.


Editorial Board Member (2004 – present), Review of Industrial Organization

Special Editor (2004 - 2020), Review of Industrial Organization.  Edited Series:  Brewing (May, 2005), Cigarettes (May 2006), Motion Pictures (June 2007), and Sports (February, 2009), and Auctions (2010), Networks (2011), Market Structure (2012), Internet Advertising (2014, with Avi Goldfarb), Behavioral Industrial Organization (2016, with Michael Grubb), Health Economics (2018, with Chris Snyder), Firms with Behavioral Biases (2020, with Mo Xiao).

Editorial Board Member (2011 - present), Theoretical Economics Letters.

Editorial Board Member (2017 - present), Games

Refereeing: American Business Law Journal, Annals of Operations Research, Applied Economics, Australian Economic Papers, Bulletin of Economic Research, Business History, Canadian Journal of Regional Science, Contemporary Economic Policy, Economic Inquiry, Economic Modeling, Economic Theory, Economica, Economics Bulletin, Environmental and Resource Economics, European Journal of Operations Research, European Review of Agricultural Economics, International Economic Review, International Journal of the Economics of Business, International Journal of Economics and Business Research, International Journal of Industrial Organization, Journal of Agricultural and Food Industrial Organization, Journal of Agricultural and Resource Economics, Journal of Agricultural Economics, Journal of Behavioral Finance, Journal of Business Research, Journal of Economic and Management Strategy, Journal of Economics and Business, Journal of Industrial Economics, Journal of Industry, Competition and Trade,  Journal of Institutional and Theoretical Economics, Journal of Wine Economics, Managerial and Decision Economics, Marketing Science, Mathematical Social Sciences, Quarterly Review of Economics and Business, Rand Journal of Economics, Research in Transportation Economics, Review of Industrial Organization, Review of Public Economics, Scandinavian Journal of Economics, Social Science Quarterly, South Eastern European Journal of Economics, Southern Economic Journal, Theoretical Economics Letters, University Grants Council of Hong Kong.

Additional Information: 

Faculty Web Page


“Strategic Overconfidence and Advertising in Imperfectly Competitive Markets,” Managerial and Decision Economics, forthcoming (with Liz Schroeder and Carol Tremblay).

“Oligopoly Games and the Cournot-Bertrand Model: A Survey, Journal of Economic Surveys, 33, December 2019, 1555-1577 (with Carol Tremblay).

“Tax Incidence and Demand Convexity in Cournot, Bertrand, and Cournot-Bertrand Models,” Public Finance Review, 45 (6), November 2017, 748-770 (with Mark Tremblay).

“The Diffusion of Monopoly Output over Time and Space,” Journal of Optimization Theory and Applications, 169 (1), April 2016, 290-298 (with Paul Youn and Patrick De Leenheer).

“Strategic Advertising Policy in International Oligopoly Markets,” The International Trade Journal, 30 (1), 2016, pp. 3-13 (with Elizabeth Schroeder).

“The Potential for Short Run Shifting of a Corporate Profits Tax,” Bulletin of Economic Research, 68 (1), January 2016, pp. 1-16 (with J. Richard Aronson and Peter J. Lambert).

“Craft Beer in the United States: History, Numbers, and Geography,” Journal of Wine Economics, 10 (3), 2015, pp. 242-274 (with Ken Elzinga and Carol Tremblay).

“A Reappraisal of Strategic Trade Policy,” Journal of Industry, Competition and Trade, 15 (4), December 2015, 435-442 (with Elizabeth Schroeder).

“A Dynamic Cournot Model with Brownian Motion,” Theoretical Economics Letters, 5, February 2015, 56-65 (with Hyungho Youn).

“Endogenous Timing and Strategic Choice: The Cournot-Bertrand Model,” Bulletin of Economic Research, 65 (4), October 2013, 332-342 (with Carol Horton Tremblay and Kosin Isariyawongse).

“A Cournot-Bertrand Model with Advertising that Rotates Demand: The Case of Honda and Scion,” International Journal of the Economics of Business, 20 (1), February 2013, 125-141 (with Kosin Isariyawongse and Carol Horton Tremblay).

“Competition and Price Wars in the U.S. Brewing Industry,” Journal of Wine Economics, 7 (2), 2012, 226-240 (with Jay Gokhale).

“A General Cournot-Bertrand Model with Homogeneous Goods,” Theoretical Economics Letters, 1 (2), August 2011, 38-40 (with Mark Tremblay and Carol Tremblay).

“The Cournot-Bertrand Model and the Degree of Product Differentiation,” Economics Letters, 111 (3), June 2011, 233-235 (with Carol Horton Tremblay).



Handbook of Behavioral Industrial Organization, Edward Elgar Publishing, co-editor with Liz Schroeder, and Carol Tremblay, July 2018.  

New Perspectives on Industrial Organization: Contributions from Behavioral Economics and Game Theory, New York: Springer Publishing, July 2012 (with Carol Horton Tremblay).

Industry and Firm Studies, New York: M.E. Sharpe, 2007 (edited with Carol Horton Tremblay).

The U.S. Brewing Industry: Data and Economic Analysis, Cambridge, MA: The MIT Press, 2005, reprinted in 2009 (with Carol Horton Tremblay).





Office Hours: 

Profile Field Tabs

Affiliated with: 
School of Public Policy
Courses Taught: 

Industrial Organization (Econ 460, 560, 660)

Microeconomics (Econ 201, 311, 411, 511, 512, 611, 612)

Game Theory (Econ 410)

Law, Economics, and Regulation (Econ 461/561)

Research/Career Interests: 

Industrial Organization


Applied Game Theory

Proceedings and Conference Presentations: 


“The Payoff to Overconfidence in Cournot, Bertrand, and Cournot-Bertrand Models,” OSU Economics Club, April 24, 2019.

“Consolidation in the Craft Brewing Industry,” Food Science and Technology Department, OSU, September 26, 2018.

“Rationality in Economic Theory,” School of Public Policy, OSU, October 26, 2017.

“The Transformation of the Craft and Macro Sectors of the U.S. Brewing Industry: History, Theory, and Evidence,” School of Public Policy, OSU, May 27, 2016.

“A Reappraisal of Strategic Trade Policy,” Department of Economics, University of Colorado, Boulder, September 19, 2014.

“Craft Beer in the USA: History, Scope, and Geography,” with Ken Elzinga and Carol Tremblay, Conference of the American Association of Wine Economists, Walla Walla, Washington, June 24, 2014.

 “Misvaluation and Behavioral Bias in Financial Markets,” with Jayhendra Gokhale, and Carol Horton Tremblay; session Chair, Valuation and Portfolio Management; Meeting of the Academy of Behavioral Finance and Economics, Chicago, September 20, 2013. 

“Brewing Storm: Antitrust and the U.S. Macro Brewers,” with Carol Horton Tremblay, Antitrust and Trade Regulation Section of the Oregon State Bar Association, Portland, Oregon, July 2, 2013. 

“Competition and Firm Strategy in the U.S. Brewing Industry,” with Jay Gokhale, Northwest Meeting of the Master Brewers Association of American, Oregon State University, Corvallis, September 29, 2012.

“Competition and Price Wars in the U.S. Brewing Industry,” Beeronomics Conference, University of California, Davis, November 3, 2011.

“The Cournot-Bertrand Model,” with Carol Tremblay, Department of Economics, California State University, Fullerton, September 16, 2011.

“The Role of Marketing in the Evolution of the U.S. Brewing Industry,” with Carol Tremblay, Conference of the American Association of Wine Economists, University of California, Davis, June 26, 2010.