Clayton Featherstone

Clayton Featherstone
  • Assistant Professor of Business Economics and Public Policy

Contact Information

  • office Address:

    Steinberg Hall-Dietrich Hall (office 1352)
    3620 Locust Walk
    Philadelphia, PA 19104

Research Interests: experiments, market design, matching


Clayton Featherstone earned his Ph.D. from the Department of Economics at Stanford.  He specializes in market design and experimental economics, with most of his work concerning the design and function of matching systems in real world environments.

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Past Courses


    This course establishes the micro-economic foundations for understanding business decision-making. The course will cover consumer theory and market demand under full information, market equilibrium and government intervention, production theory and cost optimization, producing in perfectly competitive and monopoly markets, vertical relations, and game theory, including simultaneous, sequential, and infinitely repeated games. Finally, we will wrap up game theory with an application to auctions. Students are expected to have mastered these materials before enrolling in the second quarter course: Microeconomics for Managers: Advanced Applications.


    This course will cover the economic foundations of business strategy and decision-making in market environments with other strategic actors and less than full information, as well as advanced pricing strategies. Topics include oligopoly models of market competition, creation, and protection, sophisticated pricing strategies for consumers with different valuations or consumers who buy multiple units (e.g. price discrimination, bundling, two-part tariffs), strategies for managing risk and making decisions under uncertainty, asymmetric information and its consequences for markets, and finally moral hazard and principle-agent theory with application to incentive contacts.

In the News

Knowledge @ Wharton


In the News

How a Simple Nudge Spurred More People to Say ‘Yes’ to Teach for America

Recent Wharton research examines how "social information" can affect the outcome of high-stakes decisions, such as choosing that first job.

Knowledge @ Wharton - 2017/05/5
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