Ralph and Mary Otis Isham Professor in Economics and the College (at Chicago since 2001); Editor, Journal of Political Economy; Executive Committee Member, Masters in Computational Social Science Program
Much of Professor Hortaçsu's work is focused on empirically assessing the efficiency of markets, utilizing detailed micro-level data from the markets he studies to estimate preference and technology parameters that rationalize individual behavior and then use the estimated preferences and technological parameters to construct (constrained) “efficient” benchmarks and assess how far observed market outcomes are from efficiency. This framework has been applied to many market settings, including financial markets, energy markets, and the Internet, and a variety of market clearing mechanisms, including auctions, matching, and costly search. His current research interests include: Industrial organization; auctions; search and matching models; production and financial networks; applications in finance, energy markets and the internet. For more information, visit his homepage.