Karl W. Einolf

                                                    Associate Professor of Finance and Economics

                                                     Director of the Honors Program

                                                     Mount Saint Mary’s University

 

 

317 Knott Academic Center                                                                 einolf@msmary.edu

Emmitsburg, MD  21727                                                   http://faculty.msmary.edu/einolf

(301) 447-5396 x4068

 

EDUCATION

      Lehigh University, Bethlehem, PA

            Ph.D. January 1999

                              Dissertation:  “Economic Incentives and Collective Actions”

                                    (Advisor: James A. Dearden)

            Fields: Microeconomics, Game Theory, Economics of Technological Change

 

      Johns Hopkins University, Baltimore, MD

            M.S., May 1994

            Business Administration

 

      The Pennsylvania State University, University Park, PA

            B.S., May 1989

            Mathematics/Economics

 

 

TEACHING AWARD

      2003 John W. Richards Award for Teaching Excellence – An annual award given to a Mount Saint Mary’s College professor for creative course development, the ability to inspire and challenge students, concern for students’ intellectual, moral, and religious development, and the ability to explicate difficult ideas, texts, and concepts.

 

 

PUBLICATIONS

 

      “Building a Socially Responsible Equity Portfolio Using Data Envelopment Analysis,” forthcoming in Philosophica, Fall 2008.

        

      “The Economics of Collegiate Athletics” in Handbook on the Economics of Sport, Szymanski, S. and Andreff, W., eds., Edward Elgar Publishing, London, February 2007.

 

Management Economics: An Accelerated Approach with William Forgang, M.E. Sharpe Publishers, New York, October 2006.

 

“March Madness in the Classroom,” Journal of Industrial Organization Education: (2006) Vol. 1 : Iss. 1, Article 3.   Available at: http://www.bepress.com/jioe/vol1/iss1/3

     

         “EconFantasy.com: Where Fantasy Becomes Reality in an Economics of Sports Simulation”  Journal of Sports Economics, Vol. 6 No. 3, August 2005.

 

         “Is Winning Everything? A Data Envelopment Analysis of Major League Baseball and the National Football League” Journal of Sports Economics, Vol. 5 No. 2, May 2004.

 

“Strategy-Proof Allocation of Fixed Costs” with James A. Dearden. Review of Economic Design, Vol. 8, No. 2, July 2003.

 

“Major League Baseball Wants to Fold its Most Efficient Teams” Sports Business Journal.  December 2001.

 

“Turn Fantasy into Reality: Using Fantasy Football in an Economics of Sports Course” in Teaching Economics: Instruction and Classroom Based Research Irwin/McGraw Hill Publishers. June 2001.

 

“Benchmarking your R&D: Results of the Annual IRI/CIMS R&D Survey for FY ‘97” with Alden S. Bean and M. Jean Russo.  Research Technology Management.  January-February 1999.

 

 

WORKING PAPERS

“Optimizing the Location of Sports Franchise Investment” Work in Progress.

  

“Bidding Strategies and the Ebay Auction: Does Bidding Late Eliminate Pay Great!” Work in Progress.

 

 

 

PRESENTATIONS

      “Building a Socially Responsible Equity Portfolio Using Data Envelopment Analysis,” Socially Responsible Investing Forum Annual Conference, October, 2007.

 

“Measuring the Cost of Socially Responsible Investing” Socially Responsible Investing Forum Annual Conference, September 2005.

     

      “Is Winning Everything? A Data Envelopment Analysis of Major League Baseball and the National Football League”

§         The Western Economic Association Annual International Meeting, July 2003

 

   “Bidding Strategies and the Ebay Auction: Does Bidding Late Eliminate Pay Great!”

§         Lehigh University Economics Department Colloquium, March 2003

 

§         Mount Saint Mary’s College Faculty Honors Presentation, April 2002

 

      “March Madness in the Classroom: An auction exercise using the NCAA basketball tournament”

§         Chesapeake Association of Economic Educators Spring Meeting

Keynote Address, April 2002

 

§         Mount Saint Mary’s College Teaching Workshop, March 2002 

 

§         Teaching Economics: Instruction and Classroom Based Research

            Annual Conference at Robert Morris College, February 2002

 


 

 

“Macroeconomic Efficiency and Technological Advancement of the European Union and Candidate Countries”

§         Mount Saint Mary’s College First Annual Faculty/Student Research Symposium 

April 2002 (with Jennifer Rose)

 

      “Is Efficiency or Winning Everything? A Data Envelopment Analysis of Payrolls and Performance in Sports Franchises”

§         Lehigh University Economics Department Colloquium, October 2001

 

      “Inefficient Payroll Spending in Sports Leagues: A Data Envelopment Analysis Comparison of the National Football         League and Major League Baseball” 

§         The Institute for Operations Research and the Management Sciences Annual International Meeting, June 2001

 

      “Turn Fantasy into Reality: Using Fantasy Football in an Economics of Sports Course”

§         Teaching Economics: Instruction and Classroom Based Research

            Annual Conference at Robert Morris College, February 2001

     

      “Inefficient Payroll Spending in the National Football League: A Data Envelopment Analysis” 

§         Mount Saint Mary’s College Seminar, October 2000

§         The Institute for Operations Research and the Management Sciences Annual National Meeting, November 2000

 

      “Cooperation and the Prisoner's Dilemma: Solving the Free Rider Problem”

§         Gettysburg College Economics Honor Society Induction, April 2000

 

      “R&D Productivity in Industrial Firms: A Data Envelopment Analysis”

§         The Institute for Operations Research and the Management Sciences Annual Meeting, November 1999

 

      “Strategy-Proof Allocation of Fixed Costs”

§         The North American Meeting of the Econometric Society, July 1998

§         The Eastern Economic Association Annual Meeting, March 1999

§         Mount Saint Mary’s College Seminar, April 1999

 

      “Economic Incentives and Collective Actions”

§         The 1997 International Conference on Game Theory, SUNY Stony Brook

§         The NATO Advanced Study Institute, SUNY Stony Brook, July 1997

§         Lehigh University Department of Economics Seminar, October 1997


 

PROFESSIONAL SERVICE

Vice President of Programs for academic year 2003-2004

Chesapeake Association of Economic Educators

 

Referee for the Journal of Sports Economics, Fall 2003 - Present.

 

Referee for the Journal of Economic Education, Fall 2003.

 

Member of the Editorial Review Board for “Managerial Economics” by Hirschey (Thomson South-Western Press) February 2003.

 

Referee for the Journal of Productivity Analysis, Fall 2001.

 

Chair of the Data Envelopment Analysis Seminar Session at The Institute for Operations Research and the Management Sciences Annual Meeting – San Antonio, Texas – November, 2000.                

 

Member of the Editorial Review Board for “The Economics of Sports” by Leeds and von Allmen (Addison, Wesley, Longman Press) July 2000.

 

Lehigh University, Bethlehem, PA

         Visiting Research Scientist

         Center for Innovation Management Studies directed by Alden S. Bean

         Examined the effectiveness of R&D on the Productivity of Firms, Analyzed Annual Survey

         Summer 1996, 1997, 1998, 1999

 

ACADEMIC AWARDS

 

      2005 CASE Professor of the Year Nominee

 

      Mount St. Mary’s College Class of 2002 Service Award

     

      Warren-York Fellowship, Fall 1997-Spring 1998 - A competitive fellowship awarded by Lehigh University’s Department of Economics to a Ph.D. candidate whose dissertation research shows superior promise for future success.

 

      NATO Advanced Study Institute - Game Theory and Resource Allocation: The Axiomatic Approach, SUNY Stony Brook, July 1997 - A ten-day intensive study program offered by invitation to promising Ph.D. candidates and junior level professors in the field of axiomatic game theory.

 

      The Edward J. Stegman Memorial Award, May 1994 - A competitive award offered to Johns Hopkins University graduates who have excelled in the study of Administrative Science at the graduate level.


 

TEACHING EXPERIENCE                                                                                                

      Mount Saint Mary’s University, Emmitsburg, MD               

         Assistant Professor - Fall 1998 to Spring 2004

         Associate Professor - Fall 2004 to present

 

         Courses:

         Corporate Finance                                   MBA Financial Analysis

         MBA Managerial Economics                   Mathematics for Economic Analysis

         Managerial Economics                             Thinking Strategically: An Introduction to Game Theory

         International Economics               Business and Economics of Sports

         History of Economic Thought                   Management Science

         Principles of Economics               E-Commerce

        

 

      Lehigh University, Bethlehem, PA                                                  

         Instructor - Spring 1997   Introduction to Management / Business Computing

         Teaching Assistant - Fall 1994 to Spring 1996

 

      Wilson College, Chambersburg, PA

         Instructor - Summer 1995, 1996 Microeconomics

 

 

INSTITUTIONAL SERVICE

      Mount Saint Mary’s University, Emmitsburg, MD   

                       

            Chief Faculty Marshal: 2006-Present

            Faculty Marshal: 2004-Present

 

Committees:

         Academic Subcommittee of the Technology Advisory Committee: 1999-2001.

         Bicentennial Commission: 2004-Present

         Enrollment Management Committee: 2000-2003

         Graduate Academic Committee: 2006-Present

         Honors Committee Chair: 2003-Present

         NCAA Division 1 Review Task Force: 2002

         Technology Advisory Committee: 1999-2001

         Tenure, Rank, and Awards Committee: 2006-present

         Undergraduate Academic Committee: 2001-2004

         Various Faculty Search Committees

         Webpage Subcommittee of the Technology Advisory Committee Chair: 1999

     

            Economics Club Moderator 1999-2001.

 

            Federal Reserve Challenge Moderator 2001-2002.

 

            University Honors Program Director 2003 - Present

 


 

 

 

PROFESSIONAL EXPERIENCE

      Sprint Corporation, Carlisle, PA

            Educational Consultant  Sprint’s University of Excellence                       5/91-8/94

                        Developed and provided training in all facets of Sprint’s operations with an emphasis on finance, personal computing, and management.

                       

            Forecasting Analyst                  Finance Department                                          5/90-5/91

                        Used econometric analysis to forecast Sprint’s telecommunications growth.

                       

            Business Analyst                       Finance Department                                          5/89-5/90

                                Developed mathematical models to perform cost allocation studies.

 

 

PROFESSIONAL MEMBERSHIP

American Economic Association

Chesapeake Association of Economic Educators

Institute for Operations Research and the Management Sciences