Thomas D. Jeitschko

Curriculum Vitae:  Administrative | Academic 

Thomas D. Jeitschko [Y-EYE-TCH-coh; 'jaiʧ kʰoʊ] is a Professor of Economics and Provost Emeritus at Michigan State University (MSU). Dr. Jeitschko provided leadership for matters that affect academic programs, research, and outreach, involving faculty, students, and staff. This included overseeing the 18 academic colleges, the libraries, performing arts and museums, and other areas of engagement at MSU. He transitioned into the role of interim provost from serving as the Senior Associate Provost, overseeing the budgeting process of the Office of the Provost, provost’s office communications and events, Institutional Research, and Institutional Space Planning and Management, as well as the Apple Developer Academy with MSU in Detroit and the Student Information System transition project. Previous to that, he was MSU’s Associate Provost for Graduate and Postdoctoral Studies and Dean of the Graduate School. He also served for several years as the founding director at MSU of the American Economic Association Summer Program–a two-month, intensive pre-doctoral residential program that prepares talented undergraduate students from under-represented backgrounds for graduate work in economics and related fields.

During his tenure in academic leadership, Dr. Jeitschko has brought about structural improvements to MSU by, for instance, creating and launching the Office of Postdoctoral Affairs, leading the integration of the independent College of Law into Michigan State, and guiding the creation of a university-level Ethics Institute. He has created efficiencies by rationalizing and streamlining the academic budget process, and by overseeing the student information system modernization and the adoption of a uniform admissions platform. He has enhanced academic excellence by instituting university-wide mentoring guidelines for graduate education and augmenting the promotion, reappointment and tenure process to better account for engaged scholarship and entrepreneurial activities. And he has effectively and compassionately responded to crises, such as pivoting the campus to online education in the COVID-19 epidemic and providing support and leadership to the academic community after the campus mass shooting in February 2023.

Dr. Jeitschko earned a Ph.D. from the University of Virginia in 1995 with a specialization in Mathematical Economics and an advanced degree in economics from the University of Münster in Germany in 1991 with a specialization in Economic History. His research interests are in applied economic theory with concentrations in game theory, industrial organization, law and economics, and micro-economics more broadly. He has published in a wide variety of leading journals, including in the American Economic Review, the European Economic Review, the International Economic Review, Games and Economic Behavior, Economic Theory, and the Journal of Law, Economics, and Organization. He has served on many international editorial boards, including the Journal of Economic Behavior and Organization and the International Journal of Industrial Organization.

He also served as Ex Officio Member of the American Economic Association’s Committee on the Status of Minority Groups in the Economics Profession (2017–2020), as a member of the Board of Directors of the Council of Graduate Schools (2020–2021) and as member of the Board of the Michigan State University Research Foundation (2022–2025) and as a member of the panel of economists at the Center for State Enforcement of Antitrust & Consumer Protection Laws, (2014-present). Dr. Jeitschko has held faculty positions at Royal Holloway College, University of London (in the United Kingdom) and at Texas A&M University, as well as visiting appointments at Duke, Johns Hopkins, Georgetown, and the Humboldt University in Berlin, Germany.

Prior to his administrative appointments at MSU, Dr. Jeitschko worked at the U.S. Department of Justice in Washington, D.C. as an economist in the Antitrust Division where he was the lead economist on many investigations of potentially anti-competitive mergers. For example, he was the lead economist evaluating possible anti-competitive effects of the proposed merger between the NYSE and the Deutsche Börse and the proposed takeover of NYSE by Nasdaq and ICE in 2011–12.  He was also involved in investigations covering Medicaid and health insurance providers.  Further, he has expertise in Financial Markets, Securities and Derivatives Exchanges, OTC, Indices; Airlines; Telecommunications and Internet Content Provision; Generic Drugs; Patents and Patent Pooling; and Auctions. Dr. Jeitschko has advised and consulted for Federal and International Agencies and for States Attorneys General Offices throughout the United States concerning antitrust and consumer protection matters and he has been retained by the U.S. Department of Justice as an expert.

View Thomas Jeitschko's CV: Administrative | Academic

Areas of Expertise

Industrial Organization; Law and Economics; Antitrust and Consumer Protection; Learning and Information; Applied Game Theory; Applied Theory; Behavioral, Experimental and Socio-Economics

Mergers, Acquisitions, Joint Ventures; Auctions; Intellectual Property and Patents/Patent Pooling; Financial Markets: Securities and Derivatives Exchanges, OTC, Indices; Medical Insurance, Medicare and Medicaid; Airlines at Slot-Controlled Airports; Telecommunications and Internet Content Provision; Generic Drug Markets; Pricing Policies and Price Gouging 

Research

Google Scholar Page

Working Papers also available at SSRN and IDEAS

electronic copies available upon request 

Refereed Journal Publications:

1. “Curbing Price Fluctuations in Cap-and-Trade Auctions under Changing Demand Expectations,” with Soo Jin Kim and Pallavi Pal, Energy Economics, 139, 107804, 2024.

2. “Welfare Effects of Certification under Latent Adverse Selection,” with Anthony Creane and Kyoungbo Sim, International Journal of Industrial Organization, 81, March 2022.

3. “Zero-Rating and Vertical Content Foreclosure,” with Soo Jin Kim and Aleksandr Yankelevich, Information Economics and Policy, 55, June 2021.

4. “Platform Competition with Endogenous Homing,” with Mark Tremblay; International Economic Review, 61(3), 1281—1305, August 2020.

5. “Naïve and Sophisticated Mixing: Experimental Evidence,” with Christian Alcocer and Robert Shupp; Journal of Economic Behavior and Organization, 170, 157–173, 2020.

6. “Towards the Next Generation of Scholarship: Challenges and Opportunities for Full Participation in PhD Training in Economics,” American Economic Review: Papers & Proceedings, 109(5), 250—254, May 2019.

7. "Information Acquisition, Signaling, and Learning in Duopoly,” with Ting Liu and Tao Wang; International Journal of Industrial Organization, 61, 155–191, November 2018.

8. “What past agency actions say about complexity in merger remedies, with an application to generic drug divestitures,” with Eric Emch and Arthur Zhou, Competition: The Journal of the Antitrust, UCL and Privacy Section of the California Lawyers Association, 27(1), 87–104, Winter 2017–18.

9. “Bundling and Joint Marketing by Rival Firms,” with Yeonjei Jung and Jaesoo Kim; Journal of Economics and Management Strategy, 26(3), 571–589, Fall 2017.

10. “Soft Transactions,” with C. Oscar Lau, Journal of Economic Behavior and Organization, 141, 122–134, 2017.

11. “Bid and Time Truthful Online Auctions in Dynamic Spectrum Markets,” with Chowdhury Sayeed Hyder and Li Xiao; IEEE Transactions on Cognitive Communications and Networking, 3(1), 82–96, March 2017.

12. “Endogenous Entry in Markets with Unobserved Quality,” with Anthony Creane; Journal of Industrial Economics, LXIV(3), 494–519, September 2016.

13. “Exporting to Bypass Weak Institutions,” with Anthony Creane; European Economic Review, 83, 185–197, April 2016.

14. “Incongruities of Real and Intellectual Property: Economic Concerns in Patent-Policy and Practice,” Michigan State Law Review, 2015(2), 831–844, 2015.

15. “Economic security and democratic capital: Why do some democracies survive and others fail,” with Susan Linz, Jose Noguera and Anastasia Semykina, Journal of Behavioral and Experimental Economics, 50, 13–28, June 2014.

16. “On the Challenges Facing Patent Pooling in Biotechnology,” with Nanyun Zhang, Journal of Intellectual Property Rights, 19(2) 113–122, March 2014.

17. “Adverse Effects of Patent Pooling on Product Development and Commercialization,” with Nanyun Zhang, B. E. Journal of Theoretical Economics, 14(1), 27–57, 2014.

18. “Signaling, Learning and Screening Prior to Trial: Informational Implications of Preliminary Injunctions,” with Byung-Cheol Kim, Journal of Law, Economics, and Organization, 29(5), 1085–1113, 2013.

19. “NYSE Changing Hands: Antitrust and the attempted acquisition of an erstwhile monopolist,” Journal of Stock and Forex Trading, 2(2), 1–6, 2013.

20. “Signaling in Deterministic and Stochastic Settings,” with Hans Normann, Journal of Economic Behavior and Organization, 82(1), 39–55, April 2012.

21. “The Impact of E-Auctions in Adjusting Procurement Strategies for Specialty Coffee,” with Laura Donnet and Dave Weatherspoon, Canadian Journal of Agricultural Economics, 59(1), 63–86, March 2011.

22. “Signal Jamming in a Sequential Auction,” with Wei Ding and Elmar Wolfstetter, Economics Letters, 108(1), 58–61, July 2010.

23. “Love Thy Neighbor as Thyself: Community Formation and the Church,” with Thomas DeLeire, Seamus O’Connell, and Rowena Pecchenino, Faith and Economics, 55, 19–56, Spring 2010.

24. “Entry and Bidding in Common and Private Value Auctions with an Unknown Number of Rivals,” with Dakshina De Silva and Georgia Kosmopoulou, Review of Industrial Organization, special issue on Public-Private Agreements, Competition, and Institutions, 35(1–2), 73–93, September 2009.

25. “Having Life More Abundantly: Caring for the Body, Mind, and Spirit,” with Seamus O’Connell and Rowena Pecchenino, Faith and Economics, 53, 1–33, Spring 2009.

26. “The Effect of Capitalization on Bank Risk in the Presence of Regulatory and Managerial Moral Hazards,” with Shin Dong Jeung, The IUP Journal of Bank Management, 12(2), 7–31, May 2008.

27. “Identity, Collective Beliefs, and the Allocation of Resources,” with Seamus O’Connell and Rowena Pecchenino, Economic and Social Review, 39(1), 39–54, Spring 2008.

28. “A Snapshot of Advances in and Applications of Auctions Research” Applied Economics Research Bulletin, 2(1), 1–8, March 2008.

29. “Auction Hosting Site Pricing and Market Equilibrium with Endogenous Bidder and Seller Participation,” with George Deltas, International Journal of Industrial Organization, 25(6), 1190–1212, December 2007.

30. “Do Well-Capitalized Banks Take More Risk? Evidence from the Korean banking system,” with Shin Dong Jeung; Journal of Banking Regulation; 8(4), 291–315, August 2007.

31. “Averting Economic Collapse and the Solipsism Bias,” with Antonio Guarino and Steffen Huck, Games and Economic Behavior, 57(2), 264–285, November 2006.

32. “Do you want fries with that? An exploration of serving size, social welfare, and our waistlines,” with Rowena Pecchenino, Economic Inquiry, 44(3), 442–450, July 2006.

33. “Gluttony and Sloth: Symptoms of Trouble or Signs of Bliss?—A Theory of Choice in the Presence of Behavioral Adjustment Costs,” with Heather Bednarek and Rowena Pecchenino, B. E. Journal of Economic Analysis & Policy, 5(1), Art. 6, February 2006.

34. “Entry Deterrence under Financial Intermediation with Private Contracts and Hidden Information,” with Neelam Jain and Leonard Mirman, Review of Economic Design, 9(3), 203–225, August 2005.

35. “Stochastic Synergies in Sequential Auctions,” with Dakshina De Silva and Georgia Kosmopoulou, International Journal of Industrial Organization, 23(3–4), 183–201, April 2005.

36. “Incentives for Risk-Taking in Banking: A Unified Approach,” with Shin Dong Jeung, Journal of Banking and Finance, 29(3), 759–777, March 2005.

37. “Entry Deterrence under Agency Constraints,” with Neelam Jain and Leonard Mirman, International Journal of Business and Economics, 2(3), 179–195, December 2003.

38. “Financial Intermediation and Entry-Deterrence,” with Neelam Jain and Leonard Mirman, Economic Theory, 22(4), 793–815, November 2003.

39. “Strategic Experimentation in Financial Intermediation with Threat of Entry,” with Neelam Jain and Leonard Mirman, Annals of Operations Research, 114(1–4), 203–227, August 2002.

40. “Scale Economies and the Dynamics of Recurring Auctions,” with Elmar Wolfstetter, Economic Inquiry, 40(3), 403–414, July 2002.

41. “The Simple Analytics of Information and Experimentation in Dynamic Agency,” with Leonard Mirman and E. Salgueiro, Economic Theory, 19(3), 549–570, April 2002.

42. “Information and Experimentation in Short-Term Contracting,” with Leonard Mirman, Economic Theory, 19(2), 311–331, February 2002.

43. “Financial Intermediation and Entry-Deterrence: A survey,” with Neelam Jain and Leonard Mirman, Economics Bulletin, 12(1), 1–13, June 2001.

44. “Local Discouragement and Global Collapse: A Theory of Coordination Avalanches,” with Curtis Taylor, American Economic Review, 91(1), 208–224, March 2001.

45. “Auctions when Bidders Prepare by Investing in Ideas,” with Elmar Wolfstetter, Economics Letters, 68(1): 61–66, July 2000.

46. “Equilibrium Price Paths in Sequential Auctions with Stochastic Supply,” Economics Letters, 64(1): 67–72, July 1999.

47. “Learning in Sequential Auctions,” Southern Economic Journal, 65 (1): 98–112, July 1998.

Published Conference Proceedings:

1. “Truthful Online Double Auctions with Real-time Stochastic Arrival of Demand and Supply,” with Chowdhury Hyder and Li Xiao, IEEE, 25th International Conference on Computer Communication and Networks, ICCCN, 1-9, August 2016.

2. “Bid and Time Strategyproof Online Spectrum Auctions with Dynamic User Arrival and Dynamic Spectrum Supply,” with Chowdhury Hyder and Li Xiao, IEEE, 25th International Conference on Computer Communication and Networks, ICCCN, 1-9, August 2016.

3. “Towards a Truthful Online Spectrum Auction with Dynamic Demand and Supply,” with Chowdhury Sayeed Hyder and Li Xiao; IEEE Military Communications Conference Proceedings, 413–418, October 2015.

4. “Sequencing of Vertical Research Joint Venture Size,” with Nakarin Amarase, International Proceedings of Economics Development and Research, 39, 31–35, June 2012.

Select Casework and Consulting

• Attorney General of the State of Michigan (2020): advised as expert on a consumer protection price gauging case in retail propane gas

• Attorney General of the State of California (2020): advised as expert on proposed merger between textbook publishers Cengage and McGraw-Hill

• US Department of Justice (2016-17): Retained as expert in CRH-Pounding Mill merger, case settled

• Attorneys General of the States of Maine (lead), CA, IO, MA, MS (2016): prepared study of generic drug divestitures efficacy in FTC merger cases with a final presentation to the FTC

• Attorney General of the State of West Virginia (2016): retained as expert witness in consumer protection case involving ISP service delivery and pricing (case settled)

• Attorney General of the State of Vermont (2015): advised on case in beverage distribution

• Attorneys General of the States of California (lead), CO, ID, PA, TX, VA, WA, WV (2015): merger review and report on Springleaf-OneMain transaction

• Attorney General of the State of Michigan (2014): retained as expert in alleged price-gouging in propane retail (case settled)

• US Department of Justice: (2010-2012): NYSE-Deutsche Börse merger attempt (lead economist), Nasdaq-NYSE acquisition attempt (lead economist); lead economists in cases involving: Financial markets, including OTC and indices; Medical Insurance; media markets, internet content provision and telecommunications; Slot-Controlled Airports; oil and energy industry; library services; and cases in several other industries.

• US and European Investment Firms (recurring): advising on mergers across industries, including paper mills and paper products, financial services, and electrical supplies.