Karl W. Einolf

                                    Associate Professor of Finance and Economics

                                                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 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

Einolf, K. “Location, Location, Location? Sports Franchise Placement in the Four Major U.S. Sports Leagues,” in Kahane, L. and Shmanske S. (eds.) Sports Economics, Oxford University Press, forthcoming.

 

Einolf, K. (2009). Building a Socially Responsible Equity Portfolio Using Data Envelopment Analysis, Philosophica, 80(1), p. 71-103.    

 

Einolf, K. (2007). “The Economics of Collegiate Athletics,” in Szymanski, S. and Andreff, W. (eds.) Handbook on the Economics of Sport, Edward Elgar Publishing: London, pp. 379-388.

 

Forgang, W. and Einolf, K. (2007). Management Economics: An Accelerated Approach, M.E. Sharpe Publishers: New York.

 

Einolf, K. (2006). "March Madness in the Classroom," Journal of Industrial Organization Education, Vol. 1 (1), Article 3, available at http://www.bepress.com/jioe/vol1/iss1/3.

     

Einolf, K. (2005). “EconFantasy.com: Where Fantasy Becomes Reality in an Economics of Sports Simulation”  Journal of Sports Economics, Vol. 6 (3), pp. 338-339.

 

Einolf, K. (2004). “Is Winning Everything?  A Data Envelopment Analysis of Major League Baseball and the National Football League” Journal of Sports Economics, Vol. 5 (2), pp. 127-151.

 

Dearden, J. and Einolf, K. (2003). “Strategy-Proof Allocation of Fixed Costs” Review of Economic Design, Vol. 8(2), pp. 185-204.

 

Einolf, K. (2002) “It’s Not Unethical, Just Clever Strategy” Sports Business Journal.  July 22, p. 42.

 

Einolf, K. (2001) “Major League Baseball Wants to Fold its Most Efficient Teams” Sports Business Journal.  December 10, p. 35.

 

Einolf, K., Bean A., and Russo, J. (1999) “Benchmarking your R&D: Results of the Annual IRI/CIMS R&D Survey for FY ‘97”.  Research Technology Management.  Vol. 42 (1). pp. 24-34.

 

PAPERS IN CONFERENCE PRODEEDINGS

 

Einolf, K. (2008). “The Rise of the Jeffersonian Republicans: Educating the Common Citizen in Early America” in Self Help and Public Virtue: Images of the American in the Early Republic, Proceedings from the 2008 Delaplaine Seminar Mount Saint Mary’s University.

 

Einolf, K. (2007). “The Adam Smith Connection to the American Founding” in First Principles: Reflections on the American Founding, Proceedings from the 2007 Delaplaine Seminar, Mount Saint Mary’s University.

 

Einolf, K. (2005). “Capitalism: We can have our pie and eat it too!” in The Twentieth Century – The Search for Community, Proceedings from the 2005 Delaplaine Seminar, Mount Saint Mary’s College.

 

Einolf, K. (2001). “Turn Fantasy into Reality: Using Fantasy Football in an Economics of Sports Course” in Teaching Economics: Instruction and Classroom Based Research, Proceedings from the 2001 Annual Conference, Robert Morris College Irwin/McGraw Hill Publishers.

 

WORKING PAPERS

“Spilling the Beans: A Teaching Case Study on Starbuck’s CSR Practices” Work in Progress with Carolann Larkin.

 

“Locating Minor League Franchises” Work in Progress.

 

PRESENTATIONS

“Socially Responsible Investing and the Business Curriculum” Wharton School of Business, Net Impact Annual Conference, November 2008

 

“Is There a Gap in Socially Responsible Investing?” First Annual Symposium on Socially Responsible Investing, Mount St. Mary’s University, November 2008

 

“Building a Socially Responsible Equity Portfolio Using Data Envelopment Analysis,”

§ Socially Responsible Investing Forum Annual Conference, November, 2007

§ Messiah College Economics Forum, 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

 

Journal Referee:

Referee for the Southern Economic Journal, 2008 - Present.

Associate Editor for the Journal of Industrial Organization Education, 2006 - Present  

Referee for the Journal of Sports Economics, 2003 - Present

Referee for the Journal of Productivity Analysis, 2001 - Present

Referee for the Journal of Economic Education, 2003 - Present

 

Textbook Editorial Reviews:

Managerial Economics by McGuigan, Moyer, and Harris (South-Western / Cengage), 2009.

Sports Economics by Fort (Prentice Hall), 2009.

International Monetary and Financial Economics by Daniels and VanHoose (South-Western), 2008.

Principles of Economics by Hubbard and O’Brien (Prentice Hall), 2007.

Microeconomics: An Integrated Approach by Bensanko and Braeutigam (Wiley), 2007.

Fundamentals of Corporate Finance by Berk, DeMarzo, and Harford (Prentice Hall), 2006.

Introduction to Game Theory in Business and Economics by Webster (M.E. Sharpe), 2006.

The Evolution of Economic Thought by Brue and Grant (Thomson South-Western Press) 2003.

Managerial Economics by Hirschey (Thomson South-Western Press) 2003.

The Economics of Sports by Leeds and von Allmen (Addison, Wesley, Longman Press) 2000.

 

 

Other Professional Service:

Vice President of Programs for academic year 2003-2004, Chesapeake Association of Economic Educators

 

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.

 

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

         Summers of 1996, 1997, 1998, and 1999

 

 

ACADEMIC AWARDS AND GRANTS

      2009 Outstanding Service to the Mount St. Mary’s University Honors Program Award

     

      2005 CASE Professor of the Year Nominee

 

      Mount St. Mary’s College Summer Grant.  Received $2,000 maximum award each summer from 1999 to 2003.

 

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

     

      Center for Innovation Management Studies Research Fellow.  Summer 1999. $8,000 grant.

 

      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                 Investments

         Mathematics for Economic Analysis     Managerial Economics

         Principles of Economics             Thinking Strategically: An Introduction to Game Theory

         International Economics                        Business and Economics of Sports

         History of Economic Thought               Management Science

         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   

 

Florence Study Abroad Program Leader: Spring 2010                                             

Chief Faculty Marshal: 2006-Present

Faculty Marshal: 2004-2006

University Honors Program Director 2003-2009

Federal Reserve Challenge Director 2001-2003

Economics Club Moderator 1999-2001

 

Committees Chaired:

Tenure, Rank, and Awards Committee Chair: 2008-2009

University Honors Committee Chair: 2003-2009

Academic Subcommittee of the Bicentennial Commission Co-Chair: 2004-2008

Faculty Search Committee Chair for Sports Management Professor: 2004-2005

Webpage Subcommittee of the Technology Advisory Committee Chair: 1999-2000

 

Elected Committees:

Endowment Subcommittee of the Board of Trustees: 2008-Present

Graduate Academic Committee: 2006-2009

Tenure, Rank, and Awards Committee: 2006-2009

Undergraduate Academic Committee: 2001-2004

Enrollment Management Committee: 2000-2003

Technology Advisory Committee: 1999-2001

 

Appointed Committees:

Foreign Studies Committee: 2008-Present

Campus Events Committee: 2006-Present

Richards Award for Teaching Excellence Selection Committee: 2004-2009

University Honors Committee: 2003-2009

Bicentennial Commission: 2004-2008

Business Department Faculty Search Committee for Economics Professor: 2004-2005

Business Department Faculty Search Committee for Sports Management Professor: 2004-2005

NCAA Division 1 Review Task Force: 2002-2003

Academic Subcommittee of the Technology Advisory Committee: 1999-2001

Business Department Faculty Search Committee for Economics Professor: 2000-2001

Business Department Technology Ad-hoc Committee: 1999-2000

Business Department Faculty Search Committee for Management Information Systems Professor: 1999-2000

Political Science Department Faculty Search Committee: 1999-2000

 

           

PROFESSIONAL EXPERIENCE

      Sprint Corporation, Carlisle, PA and Kansas City, MO

            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                Marketing 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 ASSOCIATIONS

American Economic Association

Institute for Operations Research and the Management Sciences

Social Investment Forum