Liad Wagman

  • Professor of Economics
  • John and Mae Calamos Dean Endowed Chair

Liad Wagman is professor of economics and the John and Mae Calamos Dean Endowed Chair of the Stuart School of Business at Illinois Tech.

Wagman is a Competition Fellow at the Data Catalyst Institute, and was Senior Economic and Technology Advisor of the Federal Trade Commission’s Office of Policy Planning, a Visiting Associate Professor of Executive Education and Managerial Economics & Decision Sciences at Northwestern University’s Kellogg School of Management, a Visiting Scholar at the Duke University Economics Department, a research fellow at the Duke University Computer Science Department, a research fellow at the Duke University Social Sciences Research Institute, and worked at the Center for International Security and Cooperation (CISAC) at the Freeman Spogli Institute at Stanford University. He is a recipient of the Program for Advanced Study in the Social Sciences Fellowship, a recipient of the Education and Research Initiative Award, a recipient of the Institute of Industrial and Systems Engineers Best Paper Award, and a recipient of the International Conference on Artificial Intelligence Outstanding Paper Award.

As part of his role at the Federal Trade Commission, Wagman led a large study, covering over 1,000 company acquisitions, that required Alphabet Inc. (“Alphabet,” including Google), Amazon.com, Inc. (“Amazon”), Apple Inc. (“Apple”), Facebook, Inc. (“Facebook,” now "Meta"), and Microsoft Corp. (“Microsoft”) to provide information and documents on the terms, scope, structure, and purpose of the acquisitions that each company consummated between January 1, 2010, and December 31, 2019, for which the company did not file a merger notification form. The study’s aim was to improve the government’s understanding of large technology firms’ acquisition activity, including examining the trends in acquisitions and the structure of deals. Wagman was also the lead author of the United States contribution to the Organisation for Economic Co-operation and Development (OECD) on consumer data rights and competition.

Wagman works on topics in the areas of information economics, industrial organization, law and economics, and entrepreneurship, studying issues concerning market competition and antitrust, data utilization and privacy, innovation, and new venture financing. He is a recipient of the Sigma Xi Excellence in Research Award, the Bauer Family University Excellence in Teaching Award, the Yahoo Faculty Research and Engagement Award, and has been selected into Poet & Quants 2015 Top 40 Business School Faculty Under 40. He has collaborated with and advised both startups and established private sector firms, including Yahoo and Verizon Wireless, as well as think tanks, governments, and non-government organizations.

His work is published in academic journals in economics, finance, operations research, and marketing, including the RAND Journal of Economics, the Journal of Economic Literature, the American Economic Journal: Microeconomics, the Journal of Corporate Finance, and Marketing Science, and in government reports.

Education

Ph.D., Duke University, Economics
M.A., Duke University, Economics
M.S., Stanford University, Computer Science
B.S., B.A., University of North Carolina, Computer Science and Mathematics

Research Interests

Industrial Organization 
Competition and Antitrust 
Data Privacy 
Entrepreneurship
Innovation

Affiliations

Undergraduate Programs

Master of Business Administration (M.B.A.)

Ph.D. in Management Science

M.S. Computational Decision Science and Operations Research (IIT College of Computing)