Dr. Ali Dadpay is the Professor of Economics and the Acting Chair of the Finance and Economics Department, where he teaches a variety of economics courses and conducts economic impact studies and research projects in market structure, innovation-based economies and econometrics. He serves on the Bill Munday School of Business AACSB Steering and School Policy Committees. 

Dr. Dadpay has developed MBA programs in Human Resource Leadership and Sports & Entertainment Management, as well as courses on environmental economics and the economics of entrepreneurship and innovation. He enjoys teaching a variety of courses, including microeconomics, labor economics, industrial organization, managerial economics, and business statistics. As an applied economist, his work experience combines working as an academician, researcher, consultant, and media contributor.

Previous to joining The Bill Munday School of Business at St. Edward’s University, Ali Dadpay worked at the College of Business at Clayton State University in Morrow, Georgia, where he served as the Director of Center for Research in Economic Sustainability & Trends (CREST) and Assistant Dean and MBA Director. He also has been a research scientist with the State University of New York Research Foundation and a consultant with Eurasia Foundation. He is an active researcher, and his articles on mixed oligopoly theories and applications have appeared in Eastern Economic Journal, Applied Economics Quarterly, and Australian Economic Papers. He has also studied information content based search criteria for generalized distribution families. A paper based on this study has been published by the Journal of Econometrics and an application developed for modeling air traffic delays appeared in the Journal of Air Transport Management. Ali participates regularly in academic gatherings and associations where he presents his research findings. He is a member of the American Economic Association, Southern Economic Association, Industrial Organization Society, Academy of International Business and Middle East Economic Association. He writes actively for the media and has appeared in print in outlets such as the New York Times, Financial Tribune Daily, Christian Science Monitor and Global Monitor. His business experience includes working as an analytics consultant for Rapp Collins Marketing Worldwide and Marketing Analytics (now part of Nielsen), as well as a consultant for the World Bank. He also served in the Office of Aviation Information in the Department of Transportation where he worked on finalizing data reports and Air Transport Price Index. 

He holds a bachelor’s degree in Electrical Engineering from the Sharif University of Technology in Tehran, a Master of Science degree in Socio-Economic Systems Engineering from the Institute for Management and Planning Studies and a Master of Arts degree in Economics from Virginia Tech. He received his doctoral degree from the University of Wisconsin-Milwaukee. 

Personal Statement

I thrive to be an entrepreneur-educator, developing student-centered programs to teach skills needed to succeed in the global economy. Thus, I follow the market trends closely to observe and to understand the evolution of business world.

Academic Appointments

Acting Chair of the Economics and Finance Department 
St. Edward's University
July 2018 - Present

Professor of Economics
St. Edward's University
July 2016 - Present

Associate Dean of Academic Programs 
St. Edward's University
July 2016- December 2017

Associate Professor of Economics and Assistant Dean 
Clayton State University
June 2014 - May 2016

Assistant Professor of Economics and MBA Director 
Clayton State University
August 2009 (and 2012) - May 2014

Visiting Professor 
Baden-Wuerttemberg Cooperative State University (DHBW), Germany (2016)
Universitie de Caen, Bass Normandie, France (2014)
University of Panonia, Veszprém, Hungary (2011)

Year Started


Languages Spoken

English and Persian


Ph.D. University of Wisconsin-Milwaukee

M.A. Virginia Tech

M.Sc. Institute for Management and Planning Studies

B.Sc. Sharif University of Technology

Achievement & Involvement

Organizations, Boards and Memberships

Member of American Economic Association (AEA), Southern Economic Association (SEA), Academy of Economics and Finance (AEF), United States Association of Small Business and Entrepreneurship (USASBE), Academy of International Business (AIB), Middle East Economic Association (MEEA), International Iranian Economic Association (IIEA)

Board member at Greater Austin Asian Chamber of Commerce

Member of Air Service Task Force, Austin Chamber of Commerce


Research interests

Applied Industrial Organization, Game Theory Applications, Applied Econometrics, Empirical Economics.

Working Papers

Dadpay, A. (Working Paper) Environmental Policies, National Firms and Private Sector.

Dadpay, A. (2010). A Review of Iranian Aviation Industry: Victim of Sanctions or Creation of Mismanagement? The Third Conference on Iran’s Economy, University of Chicago.

Dadpay, A. (2009). Fuel Smuggling in the Middle East as a Single Multinational Market. Middle East Economic Association, ASSA 2009 San Francisco.

External Grants

Previously Awarded Grants

PACE Grant from University System of Georgia to develop community oriented teaching material.

ELI Grant from University System of Georgia for Developing Interactive Teaching Program and Course Design (2013).

Grant from Fayette County Board of Education to study the economic impact of public education in the region (2012).

Grant from Bank of America to study economic indicators affecting small businesses (2010).

Publications & Articles


"Fuel Smuggling in the Middle East: A Multinational Mixed Oligopoly Analysis". Under Review at Economic Papers: A journal of applied economics and policy

“Jean Tirole's Enduring Influence on Energy Policy Analysis.” Submitted to Energy Economics.(with H. Ghoddussi)

“A. Earnings Inequality and Earning Levels in Iran: An Analysis of 1986-2004 Trends and Events”. Invited for resubmission after revision Applied Economics Quarterly. (with H.A.  Abbasi)

Dadpay, A. (2017). Domestic Policies as Strategic Measures in Multinational Markets” International Journal of Economics & Finance. 9, 1-9. doi:http://dx.doi.org/10.5539/ijef.v9n1p1

Dadpay, A. (2014). Subsidization and Privatization: In a Multinational Mixed Oligopoly. Eastern Economic Journal. 40, 5–25. doi:10.1057/eej.2012.23

Dadpay, A. (2010). Governments and Producers in Multinational Markets: A Mixed Oligopoly Analysis. Applied Economics Quarterly, 56(2), 211-230.

Dadpay, A., Soofi, E. S., and Soyer, R. (2007). Information Measures for Generalized Gamma Family. Journal of Econometrics, 138(2), 568—585. 

Dadpay, A. and Heywood, J. S. (2006), Mixed Oligopoly in a Single International Market. Australian Economic Papers, 45(4), 269–280. 

Soofi, E. S. and Dadpay, A. (2003), Nearest Neighbor Variance Estimation; Robust Covariance Estimation via Nearest-Neighbor Cleaning- Comments. Journal of American Statistical Association 99 (460): 1019-21. 


"Iran's housing crisis aggravated by reluctant sellers", Al-Monitor, May 29, 2017.

"Why French carmakers are real winners of Iranian protectionism", Al-Monitor, March 17, 2017. 

"Why Rafsanjani’s real lasting legacy in Iran isn’t in politics", Al-Monitor, January 31, 2017. 

"New planes won't solve Iran's aviation dilemma", Al-Monitor, January 19, 2017. 


Texas Conference on International Business and Economics, Baylor University, 2018

Academy of Economics and Finance, 2018

SEINFORMS 2014, 2012, 2011, 2010.
Southern Economic Association Annual Meeting 2010.
Conference on Iran’s Economy 2008, 2010. 
Middle East Economic Association - ASSA 2009.
Midwest Economic Association Annual Meeting 2003, 2004, 2005, 2006, 2007, 2008.
Midwest Econometrics Group Annual Meeting 2007.


Class Preparation

For Spring 2017 Syllabi check the Canvas pages.