David McAdams

Professor of Business Administration

External Address: 
Fuqua School of Business, Durham, NC 27708
Internal Office Address: 
Box 90120, Durham, NC 27708-0120
Phone: 
(919) 660-7926

David McAdams is Professor of Business Administration at the Fuqua School of Business, Duke University. He is also Professor of Economics in the Economics Department at Duke. He earned a B.S. in Applied Mathematics at Harvard University, an M.S. in Statistics from Stanford University, and a Ph.D. in Business from the Stanford Graduate School of Business. Before joining the faculty at Duke, he was Associate Professor of Applied Economics at the MIT Sloan School of Management. He has also worked as Special Assistant to the Director, Bureau of Economics, Federal Trade Commission. Professor McAdams' primary research interests are microeconomic theory and game theory, with a special focus on strategic interactions between buyers and sellers, including auctions, pricing, negotiations, and relationships. His work has been published in the leading journals of economics, including Econometrica, American Economic Review, Review of Economic Studies, Journal of Political Economy, Journal of Economic Theory, and Journal of Econometrics. Currently, he is an associate editor of Journal of Economic Literature, International Journal of Industrial Organization, and International Journal of Game Theory. Professor McAdams is author of "Game-Changer: Game Theory and the Art of Transforming Strategic Situations" (W.W. Norton, 2014). Professor McAdams teaches the economics elective "Game Theory for Strategic Advantage" in the Daytime MBA program at Fuqua, as well as the PhD elective "Market Design I: Auctions" in the Economics Department. Professor McAdams' consulting work focuses on two areas: (i) “market design / bidding strategy consulting” for those designing or participating in an auction market (e.g. FCC spectrum auctions, electricity procurement auctions, B2B exchanges); and (ii) “game-theory consulting” for firms (from startup to Fortune 50) facing mission-critical strategic challenges or opportunities.

Education

  • Ph.D., Stanford University 2001
  • M.S., Stanford University 2001
  • B.S., Harvard University 1996

Galik, CS, and McAdams, D. "Supply, Demand, and Uncertainty: Implications for Prelisting Conservation Policy." Ecological Economics 137 (July 2017): 91-98. Full Text

McAdams, D. "Resistance diagnosis and the changing economics of antibiotic discovery." Annals of the New York Academy of Sciences 1388, no. 1 (January 10, 2017): 18-25. (Review) Full Text

McAdams, D. "Resistance diagnosis and the changing epidemiology of antibiotic resistance." Annals of the New York Academy of Sciences 1388, no. 1 (January 2017): 5-17. (Review) Full Text

McAdams, D. "On the benefits of dynamic bidding when participation is costly." Journal of Economic Theory 157 (May 2015): 959-972. Full Text

Hu, Y, McAdams, D, and Shum, M. "Identification of first-price auctions with non-separable unobserved heterogeneity." Journal of Econometrics (2013). Full Text

Hu, Y, McAdams, D, and Shum, M. "Identification of first-price auctions with non-separable unobserved heterogeneity." Journal of Econometrics 174, no. 2 (2013): 186-193. Full Text

McAdams, D. "Strategic ignorance in a second-price auction." Economics Letters 114, no. 1 (2012): 83-85. Full Text

Lopomo, G, Marx, LM, McAdams, D, and Murray, B. "Carbon allowance auction design: An assessment of options for the United States." Review of Environmental Economics and Policy 5, no. 1 (2011): 25-43. Full Text

McAdams, D. "Performance and turnover in a stochastic partnership." American Economic Journal: Microeconomics 3, no. 4 (2011): 107-142. Full Text

Pages

McAdams, D. Game-Changer: Game Theory and the Art of Transforming Strategic Situations. New York: W.W. Norton, 2014. (Monograph)