David Richardson is Assistant Professor of Entrepreneurship at Stuart. He worked many years as an independent consultant in the Chicago area providing IT and strategic management services to small and medium sized businesses and political candidates.
Richardson uses game theoretic and operations research models to explore the interplay of institutions and information in determining market structure, with a particular focus on the role of complexity in shaping firm and consumer behavior. His current research includes the impact of the Internet on retail price maintenance efforts of sellers who must also contend with counterfeit goods, dynamic pricing of consumer durables, yield management in a competitive environment, and price determination in the residential real estate market and its implications for secondary mortgage markets.
Price determination in residential real estate