Anthony Kwasnica

Professor of Business Economics, Professor of Business Economics
Department: Risk Management, Laboratory for Economic Management and Auctions
Office: 332 Business Building
Phone: 814-863-0542
Fax: 814-865-6284
Member of Faculty Since: 1999


Anthony M. Kwasnica is Associate Professor of Business Economics. He studies the role of private information in microeconomic systems. He conducts both theoretical and experimental (laboratory) research on how individuals and institutions respond to these situations. His research has lead to insights on the ability of competitive markets to aggregate information and the phenomenon of "lock-in" to inferior product innovations. Dr. Kwasnica is also actively involved in research on the design and implementation of complex auctions. He has conducted experiments that have been used by the FCC to consider new designs for the broadband spectrum auctions. Likewise, Dr. Kwasnica has investigated the susceptibility of various auction designs to collusion.  In addition to teaching microeconomics and macroeconomics in the MBA program, Dr. Kwasnica has taught undergraduate courses in linear programming and decision analysis.

Current Research

Dr. Kwasnica is currently conducting research on the ability of market is aggregate disparate information. He is studying the application of these markets to weather related events. He is also studying the role of timing in auctions and the design of multi-attribute auctions.


Microeconomic Theory
Game Theory
Experimental Economics

Publication List

Shimon Kogan, Anthony M. Kwasnica, Roberto Weber, "Coordination in the Presence of Asset Markets", American Economic Review, , 101, 927-947.

Anthony M. Kwasnica, Katerina Sherstyuk, "Collusion and equilibrium selection in auctions", The Economic Journal, , Vol. 117, 120-145.

Anthony M. Kwasnica, John Ledyard, David Porter, Christine DeMartini, "A New and Improved Design for Multiobject Iterative Auctions", Management Science, , Vol. 51, Number 3, 419-434.

Ching-Hua Chen-Ritzo, Terry Harrison, Anthony M. Kwasnica, Doug Thomas, "Better, Faster, Cheaper: An experimental analysis of a multi-attribute reverse auction mechanism with restricted information feedback", Management Science, , Vol. 51, Number 12, 1753-1762.


Co-editor, Economic Inquiry


PhD, Social Science, California Insitute of Technology ,   

MS, Social Science, California Institute of Technology ,   

BA, Economics, University of Arizona ,   


BA 532, Global Business Environment

BA 545, Business, Government, and International Economics

BA 597D, Advanced Microeconomic Analysis