Faculty & Research

Lars Stole

Lars Stole

David W. Johnson Professor of Economics

Lars Stole studies strategic pricing, contracts and incentives theory, industrial economics and game theory. Stole’s research has appeared in the American Economic Review, Econometrica, the Review of Economic Studies, the Journal of Political Economy and Games and Economic Behavior. He has made numerous contributions to the theory of strategic price discrimination and competition with contracts.

Stole has been awarded several prizes for his research, including an Alfred P. Sloan Research Fellowship, a National Science Foundation Presidential Faculty Fellowship, and an Olin Fellowship in Law and Economics from the Harvard Law School. In the past, he has lectured at MIT, CERGE/Prague, and CES/Munich, and he has served as Editor of the RAND Journal of Economics. Stole founded the Applied Theory Initiative at Booth and served as co-Director from 2009-2019.

Stole earned bachelor degrees in Political Science and Economics from the University of Illinois, a MSc in Economics from the London School of Economics, and a PhD in Economics from the Massachusetts Institute of Technology.

Outside of academia, Stole enjoys turning wood, working metal and general tinkering.


2020 - 2021 Course Schedule

Number Title Quarter
33801 Microeconomics 2020  (Autumn)


Other Interests



Research Activities

Economics of contracts and organizations; industrial organization; informational economics; current research focuses on price discrimination and competitive contracting.

With David Martimort and Aggey Semenov, “A Complete Characterization of Equilibria in Two-type Common Agency Screening Games,” Theoretical Economics, 13 (2018), 1151-1189.

With David Martimort, "Representing Equilibrium Aggregates in Aggregate Games with Applications to Common Agency," Games and Economic Behavior, 76 (2012), 753-772.

With David Martimort, “Market Participation in Delegated and Intrinsic Common-Agency Games,” RAND Journal of Economics (2009).

"Price Discrimination in Competitive Environments," Handbook of Industrial Organization (2008).

With David Martimort, "The Revelation and Delegation Principles in Common Agency Games," Econometrica (2002).

With Jean-Charles Rochet, "Nonlinear Pricing with Random Participation," Review of Economic Studies (2002).

For a listing of research publications, please visit the university library listing page.