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Leslie M. Marx, Professor of Economics and Robert A. Bandeen Distinguished Professor of Business Administration 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. Loertscher, S; Marx, LM, Asymptotically optimal prior-free clock auctions, Journal of Economic Theory, vol. 187 (May, 2020) [doi]  [abs]
  2. Loertscher, S; Marx, LM, A dominant-strategy asset market mechanism, Games and Economic Behavior, vol. 120 (March, 2020), pp. 1-15 [doi]  [abs]
  3. Loertscher, S; Marx, LM, Merger review for markets with buyer power, Journal of Political Economy, vol. 127 no. 6 (December, 2019), pp. 2967-3017 [doi]  [abs]
  4. Loertscher, S; Marx, LM, Merger review with intermediate buyer power, International Journal of Industrial Organization, vol. 67 (December, 2019) [doi]  [abs]
  5. Loertscher, S; Marx, LM, Mix-and-match divestitures and merger harm, Japanese Economic Review, vol. 70 no. 3 (September, 2019), pp. 346-366 [doi]  [abs]

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