» ESI Lecture Series

Friday lectures are open to anyone that would like to attend and will be from 3-4:30 p.m. in Wilkinson Hall, room 116, except when otherwise noted below. For more information on IFREE please visit their website.

For a full listing of all events happening at the Economic Science Institute, view the Events Calendar.

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2022-2023 Lecture Guests

February 10, 2022, Anthony Dukes - Marketing at the Edge of Law: The Case of Vertical Restraints

A. Duke's headshotAbstract: This research explores the evolvement of U.S. antitrust laws and its interplay with marketing practice. We examine legal doctrines related to five contractual restraints used in marketing channels: Min RPM, Max RPM, Primary-Line and Secondary-Line Price Discrimination (Robinson-Patman), and Non-Price (Territorial) Restraints. Using data from cases decided in Federal courts since 1980, we empirically demonstrate that over time, two of the doctrines have become significantly less relevant as courts have deemed them wholly inconsistent with the objective of antitrust. For the other three doctrines, our analysis indicates a more judicious interpretation by the courts. Using the theory of case selection, we posit that five landmark rulings over the past 40 years have established a legal regime that gives marketers more flexibility in implementing efficient, pro-consumer practices yet still protects the market against anticompetitive conduct. We draw lessons for marketers who operate in marketing channels through a detailed analysis of individual cases. For managers assessing the legal risk associated with vertical restraints, we conclude that they be guided by the principle of customer value creation.

Bio: Anthony Dukes is the Robert E. Brooker Chair in Marketing and the Department Chair at the USC’s Marshall School of Business, where he teaches graduate courses in pricing and in marketing analytics. Professor Dukes’ research on e-commerce, retailing and pricing strategies appears regularly in leading academic journals such as Journal of Marketing Research, Management Science, and Marketing Science. He is Co-Director of the USC Marshall Initiative on Digital Competition and senior editor at the journal Marketing Science.

February 17, 2022, Christian Konig - Nobel and novice: Author prominence affects peer review

C. Koenig's headshotAbstract: Peer review is a well-established cornerstone of the scientific process, yet it is not immune to biases like status bias, which we explore in this paper. Merton described this bias as prominent researchers getting disproportionately great credit for their contribution, while relatively unknown researchers get disproportionately little credit [R. K. Merton, Science 159, 56–63 (1968)]. We measured the extent of this bias in the peer-review process through a preregistered field experiment. We invited more than 3,300 researchers to review a finance research paper jointly written by a prominent author (a Nobel laureate) and by a relatively unknown author (an early career research associate), varying whether reviewers saw the prominent author’s name, an anonymized version of the paper, or the less-well-known author’s name. We found strong evidence for the status bias: More of the invited researchers accepted to review the paper when the prominent name was shown, and while only 23% recommended “reject” when the prominent researcher was the only author shown, 48% did so when the paper was anonymized, and 65% did when the little-known author was the only author shown. Our findings complement and extend earlier results on double-anonymized vs. single-anonymized review [R. Blank, Am. Econ. Rev. 81, 1041–1067 (1991); M. A. Ucci, F. D’Antonio, V. Berghella, Am. J. Obstet. Gynecol. MFM 4, 100645 (2022)].

Bio: Christian is an Assistant Professor at the Department of Banking and Finance at the University of Innsbruck. Before joining the University of Innsbruck, he received his doctorate degree from Heidelberg University's Alfred-Weber-Institute for Economics. He has previously obtained a Master's degree in Economics from Heidelberg University and a Bachelor's degree in International Business Administration from the Frankfurt School of Finance & Management. His research interest is mainly decision-making under risk and uncertainty in finance contexts. Recently, he has published on social norms and is involved in meta science projects involving experimental methods.

Need disability Services?

Disability services will be provided upon request. If you require specific accommodations for attending a lecture, your request must be submitted no later than seven days prior to the lecture date.

Please submit requests or questions to: Cyndi Dumas at (714) 516-4513 or dumas@chapman.edu.