Professor Strumpf's research interests are in applied microeconomics. His current work focuses on file sharing (the economic impact on the entertainment industries), prediction markets (election futures, corporate applications), and industrial organization (formal evidence of first degree price discrimination in the real world). He has also written papers on state and local economics (mainly on decentralization and the Tiebout model), public economics, health economics, and political economics.
His work has been featured in The New York Times, Wall Street Journal, Washington Post, Los Angeles Times, Chicago Tribune, Financial Times, Science, Economist, Business Week, Rolling Stone, and Variety. He has appeared on ABC News, Nightline, CNN, CNBC, C-Span, NPR, and Bloomberg Radio
I have taught and developed new courses on prediction markets (FIN 400 and FIN 895). These are the first such courses taught at any Business School in the US to my knowledge, and much of the course focuses on applications within corporations. There are two innovative aspects of these courses. First, I set-up and run an online market which is open to all students and faculty in the Business School. Students get to see first-hand through their investments how these markets work and also how they can improve forecasts. Second, in FIN 895 the students have written cases analyzing the appropriateness of prediction markets for real-world companies, which include a large international electronics manufacturer and a local Kansas City company. In addition to these courses I have also taught BE917 and BE701.
- Applied microeconomics
- Public economics
- Industrial organization
- Political economics
I made a number of contributions to both local and national service. At KU I have served on hiring committees for the economics department and the school of business (twice), served on the Mabry Awards selection committee, made a public presentation at the KU Law School, and I have written a PRET letter for a tenure review case. I also organized a day-long conference which brought organizers of some of the leading corporate prediction markets (such as Google, GE, Best Buy, and Microsoft) to the Kansas City area (the program is listed here, http://people.ku.edu/~cigar/PMConf_2007/PredictionMarketsConference.html). I have also participated in several public fora including ones sponsored by the US Patent Office, the Sloan Foundation, Duke Law School, Birkbeck College (University of London), the ABA Journal, and Free Culture. I serve as an associate editor for "Journal of Prediction Markets," have written several outside tenure letters, have been a discussant at national conferences, and have served as a referee dozens of times. Finally there has been extensive media coverage of my research, and I have appeared on CNN and Fox 4 television and was quoted in the Wall Street Journal, New York Times, Financial Times, Atlantic Monthly, and other major outlets.
Strumpf, K. S. (12/04/2012). Tax Flights. Rice University. Houston TX