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John Hatfield

Professor

Department:     Business, Government & Society, Finance

John Hatfield headshot

John Hatfield is a professor at The University of Texas at Austin’s McCombs School of Business, where he has been the Century Club Professor of Finance since 2019. He teaches undergraduate and MBA courses emphasizing how students can use ideas from economics to make better decisions as managers.

His work in matching theory has facilitated the design of many real-world mechanisms, including Federal Communications Commission spectrum auctions, kidney paired donation, and the redesign of the U.S. Army’s branching mechanisms for assigning cadets. Meanwhile, his work at the intersection of the theory of industrial organization and the fields of law and economics has advanced our understanding of anticompetitive practices in real estate agency, banking, and other markets. The interdisciplinary nature of Hatfield’s work has led to it being published in various journals of economics, law, political science, finance, computer science, and applied mathematics, including the American Economic Review, the Journal of Political Economy, the University of Pennsylvania Law Review, and the Journal of Finance.

Prior to joining McCombs, Hatfield was an assistant professor of political economy at Stanford University’s Graduate School of Business. Hatfield earned a Ph.D. in economics from Stanford University. He holds a B.S. in mathematics and physics from the California Institute of Technology.

 

John W. Hatfield, Katrina Kosec, and Luke P. Rodgers.
Housing Values and Jurisdictional Fragmentation.
Public Choice.  Forthcoming.

John William Hatfield, Scott Duke Kominers, and Richard Lowery.
Collusion in Brokered Markets. 
Journal of Finance. Forthcoming.


Jordan M. Barry, John William HatfieldScott Duke Kominers, and Richard Lowery.  March 2023. Not from Concentrate: Collusion in Collaborative Industries. Iowa Law Review 108(3): 1089-1148.

John W. Hatfield, Scott Duke Kominers, Alexandru Nichifor, Michael Ostrovsky, and Alexander Westkamp. 2021. Chain Stability in Trading Networks. Theoretical Economics 16(1), 197-234.

 

John W. Hatfield, Scott Duke Kominers, and Alexander Westkamp. 2021. Stability, Strategy-Proofness, and Cumulative Offer Mechanisms. Review of Economic Studies 88(3), 1457-1502.

 

Jordan M. Barry, John W. Hatfield, and Scott Duke Kominers. 2021. To Thine Own Self Be True? Incentive Problems in Personalized Law. William and Mary Law Review 62(3), 723-790.

 

John W. Hatfield, Scott Duke Kominers, Richard Lowery, and Jordan M. Barry. 2020. Collusion in Markets with Syndication. Journal of Political Economy 128(10), 3779-3819.

 

Keisuke Bando, Toshiyuki Hirai, John W. Hatfield, and Scott Duke Kominers. 2019. Corrigendum to "Multilateral matching" [J. Econ. Theory 156 (2015) 175–206]. Journal of Economic Theory 184, N.Pag.-N.Pag.

 

John W. Hatfield, Scott Duke Kominers, Alexandru Nichifor, Michael Ostrovsky, and Alexander Westkamp. 2019. Full Substitutability. Theoretical Economics 14(4), 1535-1590.

 

John W. Hatfield and Katrina Kosec. 2019. Local Environmental Quality and Interjurisdictional Spillovers. Economica 86(343), 569-606.

 

John W. Hatfield. 2018. Improving the Equity and Efficiency of College Admissions, in More Equal by Design: Economic Design Responses to Inequality, Scott Duke Kominers and Alex Teytelboym, eds. Oxford University Press.

 

John W. Hatfield and Scott Duke Kominers. 2017. Contract Design and Stability in Matching Markets. Games and Economic Behavior 101, 78-97.

 

John W. Hatfield, Scott Duke Kominers, and Alexander Westkamp. 2017. Stable and Strategy-Proof Matching with Flexible Allotments. American Economic Review 107(5), 214-219.

 

John W. Hatfield and Lars Borner. 2017. The Design of Debt Clearing Markets: Clearinghouse Mechanisms in Pre-Industrial Europe. Journal of Political Economy 125(6), 1991-2037.

 

John W. Hatfield, Fuhito Kojima, and Yusuke Narita. 2016. Improving Schools Through School Choice: A Market Design Approach. Journal of Economic Theory 166, 186-211.

 

John W. Hatfield, Charles R. Plott, and Tomomi Tanaka. 2016. Price Controls, Non-Price Quality Competition, and the Nonexistence of Competitive Equilibrium. Games and Economic Behavior 99, 134-163.

 

John W. Hatfield, Fuhito Kojima, and Yusuke Narita. 2016. Promoting School Competition Through School Choice: A Market Design Approach. Journal of Economic Theory 166, 186-211.

 

John W. Hatfield. 2015. Federalism, Taxation, and Economic Growth. Journal of Urban Economics 87, 114-125.

 

John W. Hatfield and Scott Duke Kominers. 2015. Multilateral Matching. Journal of Economic Theory 156, 175-206.

 

John W. Hatfield. 2014. Many-to-Many Matching with Max-Min Preferences. Discrete Applied Mathematics 179, 235-240.

 

John W. Hatfield and Katrina Kosec. 2013. Federal Competition and Economic Growth. Journal of Public Economics 97(Jan), 144-159.

 

John W. Hatfield, Jordan M. Barry, and Scott Duke Kominers. 2013. On Derivatives Markets and Social Welfare: A Theory of Empty Voting and Hidden Ownership. Virginia Law Review 99(6), 1103-1168.

 

John W. Hatfield, Scott Duke Kominers, Michael Ostrovsky, Alexandru Nichifor, and Alexander Westkamp. 2013. Stability and Competitive Equilibrium in Trading Networks. Journal of Political Economy 121(5), 966-1005.

 

John W. Hatfield and Gerard Padro i Miquel. 2012. A Political Economy Theory of Partial Decentralization. Journal of European Economic Association 10(3), 605-633.

 

John W. Hatfield and Scott Duke Kominers. 2012. Matching in Networks with Bilateral Contracts. American Economic Journal: Microeconomics4(1), 176-208.

 

John W. Hatfield and Jordan M. Barry. 2012. Pills and Partisans: Understanding Takeover Defenses. University of Pennsylvania Law Review160(3), 633-713.

 

John W. Hatfield and Fuhito Kojima. 2010. Substitutes and Stability for Matching with Contracts. Journal of Economic Theory 145(5), 1704-1723.

 

John W. Hatfield and Paul R. Milgrom. 2005. Matching with Contracts. American Economic Review 95(4), 913-935.

 

John W. Hatfield, Katrina Kosec, and Luke P. Rodgers.
Housing Values and Jurisdictional Fragmentation.
Public Choice.  Forthcoming.