Anthony M. Kwasnica Department of…

                               Anthony M. Kwasnica


Department of Insurance & Real Estate                                    Home:
The Pennsylvania State University                                        881 Teaberry Lane
332 Business Building                                                    State College, PA 16803
University Park, PA 16802                                                814 278-1265
814 863-0542
kwasnica@psu.edu



Degrees
PhD 2000, Social Science, California Institute of Technology.
   Asymmetric Information and Cooperation
   Principal Advisor: Professor John O. Ledyard
   Other Advisors: Professor Kim C. Border, Professor Paolo Ghirardato
MS 1997, Social Science, California Institute of Technology.
BA 1994, Economics, University of Arizona.
Research Interests: Experimental Economics, Auctions, Game Theory, Microeconomics

Experience
Assistant Professor of Business Economics, Pennsylvania State University. 1999­Present.

Visiting Assistant Professor of Managerial Economics & Decision Sciences, Northwestern
     University. 2003­2004.

Papers (Available at http://lems.smeal.psu.edu/kwasnica)
Better, Faster, Cheaper: An experimental analysis of a multi-attribute reverse auction mechanism
    with restricted information feedback, Ching-Hua Chen-Ritzo, Terry Harrison, and Doug
    Thomas. Forthcoming in Management Science.
A New and Improved Design for Multi-Object Iterative Auctions, with Christine DeMartini, John
   Ledyard, and David Porter. Management Science. 51(3): 419­434, March 2005.
Information Aggregation in Double Auctions: Rational Expectations and the Winner's Curse, with
     Serena Guarnaschelli and Charles Plott. Information Systems Frontiers. 5:61­75, 2003.
Reverse Auctions at General Electric Transportation Systems, with Doug Thomas. eBusiness and
    Supply Chain Processes, published by The Supply Chain Council, Doug Thomas and William
    Grenoble eds, 2002.
Introduction to the Special Issue on Experimental Economics in Practice, with Gary Bolton.
     Interfaces. 32:1­3, 2002.
The Choice of Cooperative Strategies in Sealed Bid Auctions. Journal of Economic Behavior and
    Organization. 42:323­346, 2000.
Collusion and equilibrium selection in auctions, with Katerina Sherstyuk. 2002. Under second
    review at The Economic Journal.
Competitive Location and Capacity Decisions for Firms Serving Time-sensitive Customers, with
   Euthemia Stavrulaki. 2002. Under second review at Naval Research Logistics.
Anthony M. Kwasnica                                                                             2


The Effect of Timing on Bid Increments in Ascending Auctions, with Elena Katok. 2005. Revise
    and resubmit at Production and Operations Management.
Buyer Size and Bargaining Power: An Experimental Analysis, with Mark Bykowsky and William
    Sharkey. 2005. Under review at Journal of Regulatory Economics
A Theory of collusion in multiple unit simultaneous auctions. 2002. Submitted to Review of
   Economic Design.
Security Design and Information Aggregation in Markets, with Yiling Chen. 2005.
Decision Making with Market Information, with Yiling Chen and Tracy Mullen. 2005.
Bayesian Implementable Efficient and Core Allocations. 2002.
Time is Money: The effect of clock speed on seller's revenue in Dutch auctions, with Elena Katok.
   2002.
Horizontal Concentration in the Cable Television Industry: An Experimental Analysis, with Mark
    Bykowsky and William Sharkey. 2002. FCC Office of Plans and Policy Working Paper No. 35.

Fellowships, Grants and Awards
Associate Research Fellow, The Penn State eBusiness Research Center, 2001­Present.
Faculty Affiliate, The Center for Supply Chain Research, Penn State, 2002­Present.
Excellence in Teaching Award, Smeal College of Business MBA Association, 2005.
National Science Foundation (PROGRAM), 2005.
    What is the title? with Gary Bolton, Mark Ralston, and Andrew Kleit.
Smeal College Summer Research Grant, 2005.
   Information Processing Biases and Diversification Discounts in Auctions with Paul Fischer.
   $30,000.
Smeal College Teaching Enhancement Awared, 2005.
   Classroom Information Markets. $3,000.
Keloogg Summer Research Grant, 2004.
    Mechanism Design and Fairnes Preferences.
Defense Advanced Research Projects Agency, 2003.
    Experimental Evaluation of Prediction Markets for Defense Decision Support with Lee Giles
    and Tracy Mullen. $86,000.
Smeal College Summer Research Grant, 2003.
   Supply Chain Auctions with Terry Harrison and Doug Thomas. $30,000.
Smeal College Summer Research Grant, 2002.
   Supply Chain Auctions with Terry Harrison and Doug Thomas. $30,000.
ISBM Research Grant, 2000­2003.
   The Effect of Monitoring Costs on Bidder Strategy and Auction Revenue with Hemant
   Bhargava and Elena Katok. $23,300.
IBM Shared University Research Grant, 2000.
   Instrumentation grant for the Laboratory For Economic & Management Sciences. $99,374.
New Faculty Research Fund, 2000­2004.
   Complex Auction Design. $4,400.
Anthony M. Kwasnica                                                                           3


Professional Activities
Referee for American Economic Review, Experimental Economics, Games and Economic Behavior,
    Journal of Public Economic Theory, Review of Economic Design, Journal of Regulatory
    Economics, Interfaces, Operations Research, Management Science, European Economic
    Review, RAND Journal of Economics, Mathematical Social Sciences.
Reviewer of National Science Foundation grant proposals.
Member of American Economic Association, Econometric Society, Economic Science Association,
   Game Theory Society, INFORMS, Society for the Advancement of Economic Theory, Society
   for the Promotion of Economic Theory.
Co-editor of special issue of Interfaces on experimental economics.
Associate editor for Naval Research Logistics, 2001­2003.
Consultant for the FCC using experimental economics techniques.2001­2.




                                                                           September, 2005