Luke M. Froeb
William C. Oehmig Chair of Free Enterprise and Entrepreneurship
Strategy and Business Economics
Luke Froeb served as Director of the Bureau of Economics at the Federal Trade Commission for two years where he managed over a hundred civil servants dedicated to tearing down barriers to competition (often erected by well-meaning bureaucrats), in addition to enforcing the antitrust and consumer protection laws of the United States.
In July 2005, Professor Froeb returned to Vanderbilt University where he holds the William Oehmig Chair of Entrepreneurship and Free Enterprise. Professor Froeb's research is focused on the economics of competition policy. After receiving his Ph.D. in economics from the University of Wisconsin, he taught at Tulane University, worked as an economist at the U.S. Department of Justice, and then spent a year at the University of Chicago Law School before moving to Vanderbilt.
When the antitrust agencies began using his merger models to predict whether mergers would raise price, people began reading the articles he had written. Professor Froeb now divides his time between teaching, writing, and consulting on management and antitrust issues. He was voted outstanding professor several times by the executive MBA's, and his textbook, Managerial Economics: A Problem-Solving Approach is headed to a Fifth edition by Cengage.
A.B., Economics, Stanford University, 1978
Ph.D., Econometrics, University of Wisconsin, 1983
The economics of competition policy.