Larry DeBrock

Larry DeBrock

Dean Emeritus and Professor Emeritus of Finance

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Biography

Larry DeBrock is dean emeritus and professor emeritus of finance. His research interests include topics in industrial organization, regulatory issues, and health economics, and he teaches courses in applied microeconomics and industrial competition. DeBrock started his career at the University of Illinois in 1979 and moved his way up the ranks, becoming interim dean in 2008 before serving as Josef and Margot Lakonishok Dean from 2009-2015. He earned three degrees in economics, a BS from Bradley University in 1975, an MA from Cornell University in 1978, and a PhD from Cornell in 1980. DeBrock has received numerous academic honors over his career, including being named MBA Faculty of the Year eight times in addition to receiving the campus teaching award for undergraduate students and the campus teaching award for graduate and professional students.

Contact

4034 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-333-4553

ldebrock@illinois.edu

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Educational Background

  • Ph.D., Economics, Cornell University, 1980
  • M.A., Economics, Cornell University, 1978
  • B.S., Economics, Bradley University, 1975

Positions Held

  • Professor Emeritus of Finance, University of Illinois, 2020 to present
  • Academic Director, EMBA Program, Gies College of Business, University of Illinois, 2017-2018
  • Professor of Finance, University of Illinois, 2015-2020
  • Dean Emeritus, College of Business, University of Illinois, 2015 to present
  • Dean, College of Business, University of Illinois, 2009-2015
  • Josef and Margot Lakonishok Endowed Deanship, University of Illinois at Urbana-Champaign, 2009-2015
  • Interim Dean, College of Business, University of Illinois, 2008-2009
  • Acting Associate Dean of Faculty, University of Illinois, 2006-2007
  • Professor, Department of Business Administration, University of Illinois, 2005-2015
  • Associate Dean for Professional Programs, College of Business, University of Illinois, 2003-2009
  • Professor, Department of Economics, University of Illinois, 1998-2020
  • Associate Professor of Economics, Department of Economics, University of Illinois, 1986-1998
  • Assistant Professor of Economics, Department of Economics, University of Illinois, 1979-1986

Recent Publications

  • DeBrock, L., Hendricks, W., & Koenker, R. (2004). Pay and Performance: The Impact of Salary Distribution on Firm Level Outcomes in Baseball. The Journal of Sports Economics, 5 243-261.
  • DeBrock, L., Hendricks, W., & Koenker, R. (2003). Uncertainty, Hiring and Subsequent Performance: The NFL Draft. Journal of Labor Economics, 21 (4), 857-886.
  • DeBrock, L., Arnould, R., & Gift, T. (2002). Is Healthy Competition Healthy? Evidence from the State of Washington. Inquiry, 39 45-55.
  • DeBrock, L., & Linke, C. (2002). Estimating the Present Value of a Worker's Future Earnings Capacity. Proving and Disproving Damages in Personal Injury Cases Springfield, IL: IICLE, Illinois.

Other Publications

Articles

  • DeBrock, L., & Linke, C. (2002). Valuing Employer FICA Contributions in an Analysis of Diminished Earnings Capacity. Journal of Forensic Economics, XV (2), 165-172.
  • DeBrock, L., & Hendricks, W. (1996). Roll Call Voting in the NCAA. Journal of Law, Economics, & Organization, 12 (2), 495-515.
  • DeBrock, L., Hendricks, W., & Koenker, R. (1996). The Economics of Persistence: Graduation Rates of Athletes as Labor Market Choice. Journal of Human Resources, 31 (3), 513-539.
  • DeBrock, L., & Arnould, R. (1992). Utilization Control in HMOs. The Quarterly Review of Economics and Finance, 32 (3), 31-53.
  • DeBrock, L. (1987). Selected Current Data Sources. Journal of Economic Education, 18 (3).
  • DeBrock, L., & Arnould, R. (1986). Competition and Market Failure in the Hospital Industry: A Review of the Evidence. Medical Care Review, 43 (2).
  • DeBrock, L., & Masson, R. (1985). Sooner or Later: Innovation Timing, Rivalry, and Economic Welfare. International Journal of Industrial Organization, 3 421-438.
  • DeBrock, L., Arnould, R., & Pollard, J. (1985). Agency Relationships and Utilization Review in Health Maintenance Organizations. Carle Selected Papers.
  • DeBrock, L., & Arnould, R. (1985). The Effect of Provider Control of Blue Shield Plans on Health Care Markets. Economic Inquiry, 23 449-474.
  • DeBrock, L. (1985). Market Structure, Innovation, and Optimal Patent Life. Journal of Law and Economics, 28 223-244.
  • DeBrock, L., Arnould, R., & Pollard, J. (1984). Do HMOs Produce Specific Services More Efficiently? Inquiry, 21 243-253.
  • DeBrock, L., & Arnould, R. (1984). A Reexamination of Medical Society Control of Blue Shield Plans. Advances in Health Economics and Health Services Research, 5 29-56.
  • DeBrock, L., & Smith, J. (1983). Joint Bidding, Information Pooling, and the Performance of Petroleum Lease Auctions. Bell Journal of Economics, 14 395-404.
  • DeBrock, L., & Masson, R. (1982). The Structural Effects of State Regulation of Retail Fluid Milk Prices: A Reply. Review of Economics and Statistics, 64 534-536.
  • DeBrock, L., & Roth, A. (1981). Strike Two: Labor Management Negotiations in Major League Baseball. Bell Journal of Economics, 12 413-425.
  • DeBrock, L., & Masson, R. (1980). State Regulation of Retail Fluid Milk Pricing. Review of Economics and Statistics, 62 254-262.

Book Chapters

  • DeBrock, L., & Hendricks, W. (1997). Setting Rules in the NCAA Cartel. Advances in the Economics of Sports, Vol. II Stamford, CT: JAI Press.
  • DeBrock, L., Arnould, R., & Radach, H. (1997). The Nature and Consequences of Provider Consolidations in the U.S Concentration and Choice in Health Care Markets London: Royal Society of Medicine Press.
  • DeBrock, L., Hendricks, W., & Koenker, R. (1997). Graduation Rates of NFL Players. Advances in the Economics of Sports, Vol. II Stamford, CT: JAI Press.
  • DeBrock, L., & Arnould, R. (1995). Equilibrium Outcomes in Vaccine Markets and the Implications for Policy Initiatives. Supplying Vaccines: An Economic Analysis of Critical Issues London: IOS Press.
  • DeBrock, L., & Arnould, R. (1993). Regulation in the United States: A General View ;and Case Study of the Health Services Sector. Desregularmentacao Brasilia: IPEA/CENDEC.
  • DeBrock, L. (1991). Economics and Allocations. The Management of Sports: Its Foundation and Application Moseby Year Book.
  • DeBrock, L. (1991). Efficient Allocation of Health Care to the Elderly. Set No Limits: A Rebuttal to Daniel Callahan's Proposal for Age Based Rationing of Scarce Medical Resources University of Illinois Press.
  • DeBrock, L., & Houlihan, S. (1991). Economics and The Sports Industry. The Management of Sports: Its Foundation and Application Moseby Year Book.
  • DeBrock, L., B. Parkhouse (Ed.) (1991). Economics and Allocations. The Management of Sports: Its Foundation and Application Moseby Year Book.
  • DeBrock, L., & Grabowski, H., Institute of Medicine, & National Research Council (Ed.) (1985). Economic Aspects of Vaccine Innovation and Manufacturing. Vaccine Supply and Innovation ( pp. 45-64). Washington, D.C: National Academy Press.  link >

Teaching Interests

Teaches courses in introductory and micro economics and industrial competition and monopoly.

Research Interests

His research interest in applied microeconomics focuses on topics in industrial organization, regulatory issues, and health economics.

Contact

4034 Business Instructional Facility

515 Gregory Drive

Champaign, IL 61820

217-333-4553

ldebrock@illinois.edu

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