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Bill Novshek

Bill Novshek

Associate Professor of Economics


Ph.D., Economics, Northwestern University
M.S., Mathematics, Michigan State University
B.S., Mathematics and Economics, University of Wisconsin

Professor Novshek's main teaching interests are microeconomic theory, mathematical economics, and industrial organization theory. His current research interests are properties of oligopoly equilibrium and foundations of competition. His major publications include "Fulfilled Expectations Cournot Duopoly with Information Acquisition and Release" (with Hugo Sonnenschein), Bell Journal of Economics, 13, pp. 214-218, (Spring 1982); "Perfectly Competitive Markets as the Limits of Cournot Markets," Journal of Economic Theory, 35, pp. 72-82, (February 1985); and "On the Existence of Cournot Equilibrium," Review of Economic Studies, pp. 85-98, (January 1985). Prior to joining the Krannert faculty, he was an assistant professor at Stanford University (1979-86). He has had visiting positions at California Institute of Technology (1983-84) and University of California-Berkeley (1986). He is a member of the Econometric Society and the American Economic Association.

Journal Articles

  • Novshek, W. & Thoman, L. (2006). Demand for Customized Products, Production Flexibility, and Price Competition. Journal of Economics & Management Strategy, vol. 15 (4), 969-998.
  • Novshek, W. & Thoman, L. (2006). Capacity Choice and Duopoly Incentives for Information Sharing. Southern Economic Journal, vol. 72 808-825.
  • Nizovtsev, D. & Novshek, W. (2004). Money-Back Guarantees and Market Experimentation. International Journal of Industrial Organization, vol. 22 983-996.
  • Novshek, W., & Chowdhury, P. (2003). Bertrand Equilibria with Entry: Limit Results. International Journal of Industrial Organization, vol. 21 (6), 795-808.
  • Novshek, W., & Thoman, L. (1998). Information Disaggregation and Incentives for Non-Collusive Information Sharing. Economics Letters, vol. 61 (3), 327-332.
  • Novshek, W., & Thoman, L. (1993). Agency in a Market Setting. Journal of Economics-Zeitschrift Fur Nationalokonomie, vol. 58 (3), 225-253.
  • Novshek, W., & Sonnenschein, H. (1987). General Equilibrium with Free Entry: A Synthetic Approach to The Theory of Perfect Competition. Journal of Economic Literature, vol. 25 (3), 1281-1306.

Book Chapters

  • Novshek, W. (1996). Directions for Research in Information Sharing. Edition Sigma,

Phone: (765) 49-44418
Office: RAWL 4035

Area(s) of Expertise

models of oligopoly equilibrium information in games models of consumer behavior