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Chicago’s Booth School of Business has announced that Sunil Kumar will become the school’s new dean. The Indian-born professor currently oversees Stanford’s MBA programme and is an expert in operations management. He will begin his five-year term in 2011.
The announcement means that the merry-go-round of changes at the helm of the world’s biggest schools seems to be slowing. Harvard and Kellogg have both recently appointed new people at the top, while Yale has bagged Chicago’s outgoing dean, Edward Snyder, who will begin work next year. This leaves Cambridge and Michigan still on the hunt for people to head up their schools.
Some interesting research in Kellogg Insight, looking at the pysochology of auctions. Obviously, sellers love it when there are multiple bidders driving up the price, while bidders prefer to have no competition at all. But research by Jin Li and Charles Plott, looking at the auction of broadcast licences, among other things, suggests bidders don't need to communicate to reach a tacit understanding. By studying competitors' buying strategies firms come to unspoken, but mutually beneficial, agreements.
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