Eduardo S. Schwartz
California Chair in Real Estate and Land Economics, Anderson Graduate School of Management, University of California, Los Angeles
Analysis Group Contact
Nicholas Crew, Richard Starfield
Education:
Ph.D., finance, and M.Sc., business administration, University of British Columbia
Summary of Experience:
An expert in asset and securities pricing, Professor Schwartz has centered his recent research on the pricing of Internet companies, interest rate models, asset allocation issues, evaluation of natural resource investments, the stochastic behavior of commodity prices, and valuation of patent-protected R&D projects. His collected works include more than 80 articles in finance and economics journals, two monographs, and a large number of monograph chapters, conference proceedings, and special reports. He is among the first researchers to develop the real options method of pricing investments under uncertainty. Professor Schwartz is co-editor, with Lenos Trigeorgis of the University of Cypress, of the book Real Options and Investment Under Uncertainty (MIT, 2001), a compilation of recent papers and classic research in the field. His latest research applies real options to pricing values in the pharmaceutical industry, specifically focusing on patents and R&D projects. He has served as associate editor for more than a dozen journals, including the Journal of Finance, Journal of Financial Economics, and the Journal of Financial and Quantitative Analysis.