Professor | Operations and Information Management
Wisconsin School of Business - Bascom Professor
5285 Grainger Hall
(608) 262-2535

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. (1985). Multi-Object Auctions: Sequential vs. Simultaneous Sales Management Science

Hausch, D. & Ziemba, W. (1985). Transaction Costs, Market Inefficiencies and Entries in a Racetrack Betting Model 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