Karam Kang

Associate Professor

Department of Economics

University of Wisconsin-Madison

Curriculum Vitae E-mail

Search Frictions and Product Design in the Municipal Bond Market

with Giulia Brancaccio

Econometrica (2025) 93 (6): 2159-2199.

PDF (Working Paper Ver.) Slides Econometrica Link Online Appendix Supplementary Material

Lobbyists as Gatekeepers: Theory and Evidence

with Alexander V. Hirsch, B. Pablo Montagnes, and Hye Young You

Journal of Politics (2023) 85 (2): 731-748.

PDF (Working Paper Ver.) JOP Link Supplemental Material

Winning by Default: Why is There So Little Competition in Government Procurement?

with Robert A. Miller

The Review of Economic Studies (2022) 89 (3): 1495-1556.

PDF (Working Paper Ver.) ReStud Link Supplemental Material

Understanding Disparities in Punishment: Regulator Preferences and Expertise

with Bernardo S. Silveira

Journal of Political Economy (2021) 129 (10): 2947-2992.

PDF (Working Paper Ver.) Slides JPE Link Supplemental Material

Policy Influence and Private Returns from Lobbying in the Energy Sector

The Review of Economic Studies (2016) 83 (1): 269-305.

PDF (Working Paper Ver.) Slides ReStud Link Supplemental Material LSE USAPP Summary

Inefficiencies in Local Infrastructure: Evidence from Drinking Water in California

with Pierre Bodéré and Giulia Brancaccio

PDF (Mar 2026)

Policy Deterrence: Strategic Investment in U.S. Broadband

with Mo Xiao

PDF (Oct 2024) Slides

If You Can't Beat Them, Ban Them: Hotel Market Power and Short-term Rental Regulations

with Sophie Calder-Wang, Chiara Farronato, and Quan Le

Managing Long-Run Competition: Evidence from Sao Paulo Pharmaceutical Procurement

with Bruno Motta Amat and Anh H. Nguyen

At UW-Madison:

• PhD: Empirical Analysis of Industrial Organization and Public Policy, Research Seminar in Applied Economics
• Masters: Market Structure and Strategic Competition: Theory and Applications
• Undergraduate: Application of Empirical Methods in Microeconomics

At Carnegie Mellon:

• PhD: Econometrics II
• Undergraduate: Economics and Data Science, Econometrics I, Environmental Policy and Economics, Senior Project, Intermediate Microeconomics

At Washington University in St. Louis:

• Undergraduate: Microeconomics