William D. Hacker Professor of Economics
B.A., Columbia University, 1992; Ph.D., Stanford University, 1998. Professor, Caltech, 2008-16; J. Stanley Johnson Professor, 2016-22; Hacker Professor, 2023-.
Matthew Shum's research lies at the intersection of industrial organization, econometrics, and applied microeconomics. Most of his research involves applying statistical modeling and testing to consumer and firm level datasets. He studies how rational consumers actually behave in the field, whether equilibrium models of rational decision making are appropriate for firms, and how optimally real-life firms behave.
Shum was previously on the faculty at Johns Hopkins University from 2000 to 2008. Before that, he was on the faculty at the University of Toronto from 1998 to 2000.
Industrial Organization; Econometrics; Behavioral Economics
- Empirical Analyses of Committee Voting, grant from the National Science Foundation (SES-1061266, joint with Matias Iaryczower), 2011-2013
- Empirical Analyses of Competitive Bidding, grant from the National Science Foundation (SES-0003352, joint with Han Hong), 2000-2003
- Empirical Analyses of Competitive Bidding, grant from SSHRC (Social Sciences and Humanities Research Council of Canada), 2000
Caltech Research Shows Medicare Auction Will Face Severe DifficultiesRead more news ＞
June 01, 2012
<p>Medicare's new method for buying medical supplies and equipment—everything from wheelchairs and hospital beds to insulin shots and oxygen tanks—is doomed to face severe difficulties, according to a new study by Caltech researchers.</p>
Please click here to view Professor Shum's working papers.