Konstantinos Serfes

Associate Professor of Economics

Ph.D. Director, Department of Economics and International Business

Department of Economics and International Business


LeBow College of Business

Drexel University

Philadelphia, PA 19104

503L Matheson Hall

Phone: (215) 895-6816

ks346@drexel.edu

Curriculum Vitae

 

Education:

Ph.D. (Economics) University of Illinois at Champaign-Urbana, 1998

M.S. (Mathematics) University of Illinois at Champaign-Urbana, 1996

M.A. (Economics) Athens University of Economics and Business, 1992

B.A. (Economics) Athens University of Economics and Business, 1990

 

Research interests:

Industrial Organization, Game Theory and Microeconomics

Publications in Refereed Journals

  1. Third-degree price discrimination, (with Qihong Liu), Journal of Industrial Organization Education, forthcoming.

  2. Public goods and tax competition in a two-sided market, (with Christos Kotsogiannis), Journal of Public Economic Theory, forthcoming.

  3.  Retailer price distributions and promotional activities, (with Adam D. Rennhoff), Economics Letters, 103, 91-95, (2009).

  4.  The role of upstream-downstream competition on bundling decisions: Should regulators force firms to unbundle?, (with Adam D. Rennhoff), Journal of Economics & Management Strategy, vol. 18, n. 2, 547-588 (2009).

  5.  Endogenous matching in a market with heterogeneous principals and agents,  International Journal of Game Theory, 36, 587-619 (2008), (special issue in honor of David Gale). 

  6. Product customization, (with Dan Bernhardt and Qihong Liu), European Economic Review, 51, 1396-1422 (2007). 

  7. Market segmentation and collusive behavior, (with Qihong Liu), International Journal of Industrial Organization, 25, 355-378 (2007). 

  8.  A location model with preference for variety, (with Hyunho Kim), The Journal of Industrial Economics, LIV, 4, 569-595 (2006).

  9. Customer information sharing among rival firms, (with Qihong Liu), European Economic Review, 50, 1571-1600 (2006).

  10.  Imperfect price discrimination, market structure and efficiency, (with Qihong Liu), Canadian Journal of Economics, 38, 1191-1203 (2005).

  11. Risk sharing vs. incentives: Contract design under two-sided heterogeneity, Economics Letters, 88, 343-349 (2005).

  12. Imperfect price discrimination in a vertical differentiation model, (with Qihong Liu), International Journal of Industrial Organization, 23, 341-354 (2005). 

  13. Quality of information and oligopolistic price discrimination, (with Qihong Liu), Journal of Economics & Management Strategy, vol. 13, n. 4, 671-702 (2004).

  14. When vagueness induces indirect competition: Strategic incompleteness of contracts, (with Jaideep Roy), Economic Theory 20, 603-621 (2002).

  15. Semicollusion vs. full collusion: The role of demand uncertainty and product substitutability, (with George Deltas), Journal of Economics (Zeitschrift für Nationalökonomie)  77, 111-139 (2002), Lead article.

  16. Intertemporal discounting and tenurial contracts, (with Jaideep Roy), Journal of Development Economics 64, 417-436 (2001). 

  17.  Non-myopic learning in differential information economies: The core, Economic Theory 18, 333-348 (2001).

  18. American shipping cartels in the pre-world war I era, (with George Deltas and Richard Sicotte), Research in Economic History 19, 1-38 (1999), Lead article.

  19. Learning in Bayesian games by boundedly rational players II: Nonmyopia (with Nicholas C. Yannelis), Macroeconomic Dynamics 2, 141-155 (1998), Lead article.

Publications in Books

  1. Collusion and distribution of profits under differential information, (with Nicholas C. Yannelis), in Economic Theory and Applications, edited by C.D. Aliprantis, A. Alkan and N.C. Yannelis, Springer-Verlag, 455-473 (1999).

Completed Papers

  1. Price discrimination in two-sided markets, (with Qihong Liu). NET Institute Working Paper # 07-25. Revision requested by Journal of Economics & Management Strategy.

  2. Patent settlements as a barrier to entry, (with Anne Duchene).

  3. Product market competition and the taxonomy of managerial compensation, (with Jose M. Plehn-Dujowich).

  4. Minimum quality standards under imperfect quality observability, (with Min Chen).

  5. The comparison of ad valorem and specific taxation under incomplete information, (with Christos Kotsogiannis).

  6. Estimating the effects of a la carte pricing: The case of cable television, (with Adam D. Rennhoff).

  7. Efficiency, welfare and ownership of private information, (with Qihong Liu).

  8. Second-degree price discrimination and price dispersion: The case of the U.S. airline industry, (with Qihong Liu).

  9. Location decisions of competing platforms, (with Eleftherios Zacharias). NET Institute Working Paper # 09-18.

  10. Duration of tenancy contracts, (with Jaideep Roy).

Work in Progress

  1. Estimating the demand effects of in-store advertising: Explaining the display-price paradox, (with Adam D. Rennhoff).

  2. Store heterogeneity and slotting allowances (with Adam D. Rennhoff).

  3. Competing for ideas: Matching and contracting in the venture capital market, (with Jose M. Plehn-Dujowich and Veikko Thiele).

  4. A la carte cable and the market for television advertising, (with Minghua Chen and Adam D. Rennhoff).

  5. Bundling, a la carte pricing and vertical bargaining in a two-sided model: A numerical approach, (with Minghua Chen).