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Leslie M. Marx, Robert A. Bandeen Professor of Business Administration and Professor of Economics and Faculty Network Member of The Energy Initiative

Leslie M. Marx, PhD, Robert A. Bandeen Professor of Economics; BS (Duke University), MA (Northwestern University), PhD (Northwestern University) Professor Marx has research interests in game theory and industrial organization. Professor Marx’s research focuses on the problem of anti-competitive behavior by individuals and firms, including collusion, bid rigging, and anti-competitive contract provisions. This research improves our ability to detect collusion, teaches us how auctions and other markets can be made less susceptible to collusion, and guides antitrust authorities in understanding what behavior should be viewed as anti-competitive. Professor Marx’s research has appeared in such publications as American Economic Review, Review of Economic Studies, Journal of Political Economy, and Quarterly Journal of Economics. She authored the 2012 book The Economics of Collusion: Cartels and Bidding Rings, published by MIT Press. She is currently on the editorial boards for International Journal of Game Theory and American Economic Journal: Microeconomics. She is the recipient of two National Science Foundation research grants, a National Science Foundation Graduate Fellowship, and a Sloan Doctoral Dissertation Fellowship. Professor Marx was a member of the 1996 U.S. Olympic Fencing Team.

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Ph.D.Northwestern University1994
M.A.Northwestern University1991
B.S.Duke University1989
Research Interests: Game Theory, Managerial Economics

Areas of Interest:

Contract Theory
Game Theory


Econometrics • Management • Statistics

Curriculum Vitae
Recent Publications   (More Publications)

  1. DelacrĂ©taz, D; Loertscher, S; Marx, LM; Wilkening, T, Two-sided allocation problems, decomposability, and the impossibility of efficient trade, Journal of Economic Theory, vol. 179 (January, 2019), pp. 416-454, Elsevier BV [doi]  [abs]
  2. Loertscher, S; Marx, LM, Auctions with bid credits and resale, International Journal of Industrial Organization, vol. 55 (November, 2017), pp. 58-90, Elsevier BV [doi]  [abs]
  3. Marx, LM, Defending against potential collusion by your suppliers—26th Colin Clark Memorial Lecture, Economic Analysis and Policy, vol. 53 (March, 2017), pp. 123-128, Elsevier BV [doi]
  4. Loertscher, S; Marx, LM, Club good intermediaries, International Journal of Industrial Organization, vol. 50 (January, 2017), pp. 430-459, Elsevier BV [doi]  [abs]
  5. Marx, LM; Kovacic, E; Marshall, RC; Schulenberg, SP, Coordinated Effects in Merger Review: Quantifying the Payoffs from Collusion, in Annual Proceedings of the Fordham Competition Law Institute: International Antitrust Law & Policy, 2007, edited by Hawk, BE (April, 2016)

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