• Home
  • George Bittlingmayer

George Bittlingmayer

Wagnon Distinguished Professor of Finance
Primary office:
Capitol Federal Hall
Room 3103
University of Kansas

Academic Areas



PhD University of Chicago, Economics, 1981
AM University of Chicago, Economics, 1977
BA Lehigh University, Economics & German, 1975


  • Sources of stock market volatility
  • Mergers and Acquisitions
  • Financial and Economic effects of regulation

Current Activities

  • Financial effects of energy price shocks
  • Rise and decline of Nasdaq volatility
  • Cost of delaying mergers
  • Relation of corporate bonds and stocks
  • Effect of corporate headquarters on regional innovation and entrepreneurship

Selected Publications

"The Political Economy of Cable 'Open Access,'" with Thomas W. Hazlett, Stanford Technology Law Review, 2003.

"Financial Effects of Broadband Regulation," with Thomas W. Hazlett, in Robert Crandall and James Alleman (eds.), Should We Regulate High-Speed Internet Access? AEI-Brookings Joint Center for Regulatory Studies, 2002.

"'Open Access:' The Ideal and the Real," with Thomas W. Hazlett, Telecommunications Policy, Vol. 26, Nos. 5-6, June 2002, 295-310.

"Investment and Antitrust Enforcement." Cato Journal, Vol. 3, No. 2, Winter 2001.

"DOS Kapital: Has Antitrust Action against Microsoft Created Value in the Computer Industry?. Journal of Financial Economics (March 2000). Bittlingmayer, George, and Thomas W. Hazlett.

"The Market for Corporate Control (Including Takeovers)," in Boudewijn Bouckaert and Gerrit De Geest (eds.). Encyclopedia of Law & Economics, University of Ghent and Edward Elgar, 2000. Bittlingmayer, George.

"U.S. v. Microsoft: Cui Bono?. Cornell Journal of Law and Public Policy (Fall 1999). Bittlingmayer, George.

"Output, Stock Volatility and Political Uncertainty in a Natural Experiment: Germany 1890-1940,. Journal of Finance (December 1998). Bittlingmayer, George.

"Antitrust and Business Activity: The First Quarter Century,. Business History Review (Autumn 1996). Bittlingmayer, George.

"Output and Stock Prices When Antitrust Is Suspended: Experience under the NIRA," in Fred S. McChesney and William Shughart II (eds.). The Causes and Consequences of Antitrust: A Public Choice Perspective, University of Chicago Press, 1995. Bittlingmayer, George.

"The Stock Market and Early Antitrust Enforcement,. Journal of Law and Economics (April 1993). Bittlingmayer, George.

"Advertising," in the Fortune Encyclopedia of Economics (Warner Books), 1993. Bittlingmayer, George.

"Stock Returns, Real Activity and the Trust Question,. Journal of Finance (December 1992). Bittlingmayer, George.

"Property Rights, Progress, and the Aircraft Patent Agreement,. Journal of Law and Economics (April 1988). Bittlingmayer, George.

"Did Antitrust Policy Cause the Great Merger Wave?. Journal of Law and Economics (April 1985). Bittlingmayer, George.

"A Model of Vertical Restriction and Equilibrium in Retailing,. Journal of Business (October 1983). Bittlingmayer, George.

"Decreasing Average Cost and Competition: A New Look at the Addyston Pipe Case,. Journal of Law and Economics (October 1982). Bittlingmayer, George.

Teaching Interests

  • Investments
  • Entrepreneurial finance
  • Venture capital
  • Economics


How does government affect financial markets and financial transactions? When do the institutions and mechanisms of finance work well and when not?

Research Interests

  • Financial Economics
  • Entrepreneurial Finance
  • Political and Regulatory Risk
  • Business and Financial History

Selected Publications

Bittlingmayer, G., & Moser, S. M. (2014). What Does the Corporate Bond Market Know? The Financial Review, 49(1), 1-19.

Bittlingmayer, G., & Moser, S. M. (2013). When Credit Gets Ahead of Equity. Creditflux(Issue 145) London & New York.

Bittlingmayer, G. (2000). Economics of Information Age Industries (R. Dorf). The Technology Management Handbook (CD-ROM version). CRC Press.

The school and accounting program are accredited by AACSB International, The Association to Advance Collegiate Schools of Business
Our Finance Scholars travel to Wall Street every year
Students in Applied Portfolio Management class manage a fund valued at $1 million
Business students get hands-on experience valuing and analyzing investments
Top 20 undergraduate accounting program —Bloomberg Businessweek
One of 34 U.S. public institutions in the prestigious Association of American Universities
44 nationally ranked graduate programs.
—U.S. News & World Report
Top 50 nationwide for size of library collection.
23rd nationwide for service to veterans —"Best for Vets," Military Times
KU Today