Professor and Chair, Economics
Garrett Milam teaches courses on Game Theory, Experimental Economics, Behavioral Economics, Microeconomic Theory, and Contemporary Economics, including a course called Gamblers, Liars, and Cheats. His research involves using laboratory experiments to explore the structure and performance of market institutions, with a particular focus on the creation or reassigning of property rights. As part of his work with the university’s Civic Scholarship Initiative, Milam worked with regional policy makers on issues of transferable development rights (TDR) and the purchase of development rights (PDR) for land use management. TDR and PDR are mechanisms to promote reasonable urban growth, taking into account the sometimes clashing interests of developers, property owners, and conservationists. His recent work, co-authored with Andrew Monaco, involves an experimental investigation into the potential for behavioral game theory to explain individual decisions in circumstances of asymmetric opportunity.