Stanley S. Reynolds
SRP Professor of Technology, Public Policy, and Markets
- Ph.D., Northwestern University, 1983
Current Courses
- ECON 407, Economics of Strategy
- ECON 696P, Industrial Organization & Regulation I
Research Interests
- Industrial Organization
- Energy and Environmental Economics
- Experimental Economics
Current Research
Professor Reynolds' current research is in three main areas. First, he is continuing to work on a long-standing research program that examines the dynamics of oligopoly pricing and capacity investment decisions. A second line of research examines electricity restructuring issues and the regulation of energy markets. A third area of research examines organization and performance of online auction markets.
Recent Research Papers
- “Supply Function Equilibria with Pivotal Electricity Suppliers," with Talat Genc, March 2004.
- “Auctions with a Buy Price,” with John Wooders, forthcoming in Economic Theory.
- “Dynamic Oligopolistic Games Under Uncertainty: A Stochastic Programming Approach,” with Talat Genc and Suvrajeet Sen, Journal of Economic Dynamics and Control, January 2007.
- “Market Power and Price Movements over the Business Cycle,” with Bart J. Wilson, Journal of Industrial Economics, June 2005.
- “Bounded Rationality in Laboratory Bargaining with Asymmetric Information,” with Timothy N. Cason, Economic Theory, April 2005 .
Other Selected Publications
- “Durable Goods Monopoly: Laboratory Market and Bargaining Experiments,” RAND Journal of Economics, Summer 2000.
- “Bertrand-Edgeworth Competition, Demand Uncertainty, and Asymmetric Outcomes,” with Bart J. Wilson, Journal of Economic Theory, May 2000.
- “Bertrand-Edgeworth Competition in Experimental Markets,” with Jamie Kruse, Stephen Rassenti and Vernon L. Smith, Econometrica, 1994.
- “Cotenancy and Competition in an Experimental Auction Market for Natural Gas Pipeline Networks”, with Stephen Rassenti and Vernon L. Smith, Economic Theory, 4, 1994. "
- “Dynamic Oligopoly with Capacity Adjustment Costs,” Journal of Economic Dynamics and Control, 1991.
- “Appropriability and Market Structure in a Stochastic Invention Model,” with R. Mark Isaac, Quarterly Journal of Economics, 1988.
- “Capacity Investment, Preemption and Commitment in an Infinite Horizon Model,” International Economic Review, 1987.




