James Schummer
Associate Professor of Managerial Economics & Decision Sciences
James Schummer joined Kellogg in 1997 after getting his PhD in Economics from the University of Rochester. His areas of expertise include game theory, axiomatic resource allocation, and mechanism design.
The central theme of Professor Schummer's research is to describe resource allocation methods that take individual incentives into account. A prime example is his past work on auctions involving the construction of auction rules for environments where combinations of objects are being allocated. Other applications include work on the dynamic reallocation of airport landing slots, pricing decisions for matching platforms, allocation methods that utilize waiting lists.
Professor Schummer has taught throughout Kellogg's programs, including the Full time, Evening, Executive MBA, Exec. Ed., and PhD programs. He regularly teaches Business Analytics and Managerial Economics courses; he also has taught an MBA Pricing elective and a PhD course on matching models. He has served as his department's Director of Graduate Studies for the past decade and a half.
- Game Theory
- Mechanism Design
- Market Design
- Collective Decision-making.
- Probability and statistics; microeconomics; pricing; matching (PhD).
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PhD, 1997, Economics, University of Rochester
MA, 1995, Economics, University of Rochester
BS, 1992, Finance, Pennsylvania State University -
Associate Professor of Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 2004-present
Assistant Professor of Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 1997-2004
Graduate Teaching Fellow, University of Rochester, 1996-1997 -
Associate Editor, Games and Economic Behavior, 2020
Associate Editor, Mathematical Social Sciences, 2009-2020
Research (MECS-590-0)
Students preparing dissertations in managerial economics and strategy may register under this heading.
Economic Theory II: Production Networks (MECS-550-2)
This course focuses on how microeconomic interactions between economic units (in particular firms and industries) shape macroeconomic outcomes. While the primary applications are mostly from macroeconomics, the theoretical frameworks and insights are drawn from micro, macro, and network theory.
Supply Chain Management
Revolutionize your operations with the latest tools, techniques and models for efficient — and effective — supply chain management. The experts will show you how to meet the complex challenges of managing facilities, inventories, transportation, information, outsourcing, strategic partnering and more.
Managerial Economics (MECNX-430-0)
Managerial Economics introduces the economic principles of pricing. It provides an overview of methods to estimate sensitivity of buyers to price, the trade-off between margin and volume, price discrimination and pricing in competitive environments.
Business Analytics I (DECS-430-5)
This course was formerly known as DECS 430-A/DECS 430-B
Analytics is the discovery and communication of meaningful patterns in data. This course will provide students with an analytics toolkit, reinforcing basic probability and statistics while throughout emphasizing the value and pitfalls of reasoning with data. Applications will focus on connections among analytical tools, data, and business decision-making.
