Scholar of the Week
Scott Gilpatric is an associate professor and John Moore Scholar in the Department of Economics. His research expertise is in industrial organization, specifically issues related to competition in markets and competition in tournaments. He teaches microeconomic theory and industrial organization.
Recently Gilpatric published a paper entitled, “Information value under demand uncertainty and endogenous market leadership” in Economic Inquiry. Economists have studied the effects of first-mover advantages and disadvantages in markets for 80 years now, ever since Heinrich von Stackelberg published the first one.
However, they have had trouble devising models that show where the first-mover advantage comes from. Gilpatric and his coauthor, UT doctoral alumnus Youping Li, constructed a model in which market demand is uncertain and identify conditions under which only one firm acquires information about that demand and becomes the first mover.
Gilpatric has published 11 articles in refereed journals including the RAND Journal of Economics, the Journal of Public Economics, the Journal of Environmental Economics and Management, and Marketing Science. He has served the university as Chair of the Budget and Planning Committee of the Faculty Senate from 2011-13, and he developed an empirical analysis and forecasting model of student retention for the Office of the Provost as part of UT’s Top 25 initiative.