Earlier this week, French economist Jean Tirole won the Nobel Prize in economics. The news reverberated throughout the University of Maryland’s Robert H. Smith School of Business, especially when Professor Martin Loeb added Tirole to his list of Nobel Laureates who have previously cited his work. Loeb, who teaches accounting and information assurance and is a Deloitte & Touche Faculty Fellow, has a total of 10 Nobel Laureates on that list, including Kenneth Arrow, Eric Maskin and now Tirole.
“Tirole is a giant in the fields of industrial organization, regulatory design and procurement contracting,” said Loeb. “He provided a framework for studying how informational advantages and market power act together to affect social welfare in a variety of market settings. Tirole has been a prime contributor to the new field of incentive regulation. I am gratified that my early work on regulatory design has been recognized as playing a role in launching the field."
Loeb’s early research was in economic mechanism design, incentive regulation, cost allocations, and cost-based procurement contracting. His current research deals with economic aspects of cyber security, the interface between managerial accounting and information technology, and the effect of regulation on cyber security, internal controls and disclosure.
Loeb received his PhD from the Managerial Economics and Decision Sciences (MEDS) group at Northwestern University's Kellogg School of Management. He received a BS in mathematics and economics from the State University of New York at Stony Brook.
For more information on Martin Loeb, visit his website: scholar.rhsmith.umd.edu/mloeb.
- Allison Davern, MBA Candidate 2016, Office of Marketing Communications