Ali Hortacsu has been named the Ralph and Mary Otis Isham Professor.
Hortacsu’s research focuses primarily on how supply actually equals demand and he develops mathematical and statistical methods to model, analyze, and optimize real-world market clearing mechanisms. His methods have been used in many contexts, including government securities auctions, central bank refinancing operations, and wholesale electricity markets.
Hortacsu has written or coauthored some of the first academic papers in leading academic journals on online auctions, online dating/matchmaking, and online consumer search behavior. A fellow of the Econometric Society, and research associate of the National Bureau of Economic Research, Hortacsu is the co-editor of the Journal of Political Economy. He was elected an Alfred P. Sloan Fellow in 2006, and was a recipient of an NSF CAREER grant.
Hortacsu joined the UChicago faculty in 2001.
University of Chicago Booth School of Business
Luigi Zingales has been named the Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance.
His research has covered corporate governance, financial development, political economy, the economic effects of culture and the best interventions to cope with the aftermath of the financial crisis. He developed the Financial Trust Index, designed to monitor the degree of trust Americans have in their financial system, with Paola Sapienza of Northwestern University’s Kellogg School of Management.
Zingales’ recent works include “The Values of Corporate Culture,” written with Luigi Guiso, of the Einaudi Institute for Economics and Finance, and Sapienza and forthcoming in the Journal of Financial Economics, and “Liquidity and Inefficient Investment,” written with Oliver Hart and forthcoming in the Journal of the European Economic Association. He also has two working papers, “Diagnosing the Italian Disease,” written with Bruno Pellegrino of UCLA’s Anderson School of Management, and “Monnet’s Error,” written with Guiso and Sapienza.
Previous works have been published in the Review of Financial Studies, Review of Economic Studies, Journal of Finance, American Economic Review, Journal of Economic Behavior and Organization, Journal of Financial Economics and Quarterly Journal of Economics, among others. He has published three books—Saving Capitalism from the Capitalists, with Raghuram Rajan, also of Chicago Booth, A Capitalism for the People and Europa o No.
Zingales also serves as American Finance Association president, Control Committee and of the Nominating Committee of Eni Spa board members and American Academy of Arts and Sciences member, and is founding director of the Center for Economic Analysis of the Public Company Accounting Oversight Board. He joined Booth in 1992, and has been the Robert C. McCormack Professor of Entrepreneurship and Finance since 2006.
University of Chicago Law School
M. Todd Henderson has been named the first Michael J. Marks Professor.
Henderson’s research interests include corporate law, securities and financial regulation, and law and economics.
With an engineering degree cum laude from Princeton University in 1993, Henderson worked for several years designing and building dams in California before matriculating at the University of Chicago Law School. He was an editor of the Law Review, and captained the law school’s all-university champion intramural football team.
Upon graduating magna cum laude in 1998, Henderson was elected to the Order of the Coif and served as clerk to the Hon. Dennis Jacobs of the U.S. Court of Appeals for the Second Circuit. He practiced appellate litigation at Kirkland & Ellis in Washington, D.C., and was an engagement manager at McKinsey & Company in Boston, where he specialized in counseling telecommunications and high-tech clients on business and regulatory strategy.
Henderson joined the UChicago faculty in 2005.