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John Umbeck

John Umbeck

Professor of Economics
Economics

Education

Ph.D., Economics, University of Washington
M.A., Economics, University of California, Los Angeles
B.A., Economics, Occidental College

Professor Umbeck has been with Krannert since 1975. His main teaching interests include microeconomics, law and economics, economics of information, and private contracts. His principal research interest is the economics of crime and contract enforcement. Some of his publication credits include "Theory of Contract Choice," published in the Journal of Law and Economics; (October 1977); "Might Makes Rights," published in Economic Inquiry: (January 1981); and a book, A Theory of Property Rights (Iowa State University Press, December 1981). For a complete list of publications, refer to the publications tab.

He has served as a consultant for more than 50 corporations and government agencies, including the American Petroleum Institute, Amoco, Anheuser-Busch, Archer Daniels Midland, Ashland Oil, Atlantic Richfield Company, Blue Cross and Blue Shield of Alabama, Blue Cross Indiana, Blue Cross/Blue Shield National Association, British Petroleum, Chemical bank, Chevron, ChevronTexaco, Conoco, Cumberland Farms, E. & J. Gallo Winery, Equilon, Exxon, General Electric, Great Lakes Chemical Corporation, Jones and Laughlin Steel Corporation, LUKOIL, Marathon Ashland Petroleum LLC, Marathon Oil, Mobil Oil, Motiva, National Collegiate Athletic Association, National Committee on Electronic Funds Transfer Systems, Racetrac Petroleum Inc., R.R. Donnelly and Sons, Shell Oil, Standard Oil of California, Standard Oil of Ohio, Texaco, and Unocal.

Dr. Umbeck has offered expert economic testimony at the federal level before the U.S. Senate, the House of Representatives, the Federal Trade Commission, the Environmental Protection Agency, the Department of Energy and the International Trade Commission and numerous state senates.  He has also served as an economic consultant in more than 75 law suits, mostly involving antitrust issues.  Throughout his career, he has received over 25 awards for outstanding teaching.

 

  •  Idea Light Bulb

    Nobel Ideas

    Purdue’s Krannert School of Management presented a public panel discussion sponsored by the Hugh and Judy Pence family that focused on interdisciplinary perspectives on early childhood development and a fireside chat with Nobel Laureate James Heckman as part of an Economic Ideas Forum in April that served as the inaugural event of the University’s growing economic research center.

    Full story: Nobel Ideas

  • PURCE Rendering

    Centered on Economics

    The Purdue University Research Center in Economics (PURCE), a fast-growing initiative in need of space, will soon have a new home in the Krannert School of Management to conduct empirical research in economics focused on the role of incentives and markets in public policy.

    Full story: Centered on Economics

Contact

umbeck@purdue.edu
Phone: (765) 494-4447
Office: KRAN 309

Area(s) of Expertise

Microeconomics, law and economics, economics of information, and private contracts.