Kathryn Combs

Professor, Finance

klcombs@stthomas.edu

(651) 962-4244

Minneapolis Campus
1000 LaSalle Ave
Terrence Murphy Hall 470H
Minneapolis, MN 55403

B.A., Economics, minor in Mathematics, Washington State University
M.A., Economics, University of Minnesota
Ph.D., Economics, University of Minnesota

See publications in UST Research Online

Kathryn L. Combs teaches courses in managerial economics and economics of strategy in the UST MBA programs. She has also taught at California State University - Los Angeles, the University of Minnesota and the University of Southern California. Prior to this, she was a manager at Pacific Northwest Bell in Seattle, Washington. She earned her B.A. in economics at Washington State University, and her M.A. and Ph.D. in economics at the University of Minnesota.

Combs has expertise in the economics of innovation, applied game theory, industrial organization and public finance. She has published numerous articles in scholarly journals, and received the 2000 Lang Rosen Gold Award for her article on limited liability companies and technology transfer in The Journal of Technology Transfer (April 1999). She is currently researching the economics of gambling, in particular state lotteries and state-regulated casino gambling. Her research focuses on the demand for such gambling products and how these gambling activities are used as a source of revenue for state governments.

Fall 2016 Courses
Fall 2016 Courses
Crs - Sec Title Days Time Location
GBEC 625 - 201 Managerial Economics M - - - - - - 1800 - 2100 TMH 353
Description of course Managerial Economics : CRN: 43074
This course focuses on the application of microeconomic tools and concepts to business decision-making. Every organization faces numerous decisions. Every decision-maker faces limits of money, resources, technology, and information. Optimal decisions must balance the marginal benefits of a decision with the decision’s marginal costs. The tool of constrained optimization is applied to cost minimization, output maximization, and profit maximization. Concepts covered include: optimal output volume; demand analysis and estimation; production and cost; market structure and strategic positioning; and optimal pricing strategies. Prerequisite: OPMT 600.
Schedule Details
Location Time Day(s)
GBEC 625 - 202 Managerial Economics M - - - - - - 1800 - 2100 TMH 353
Description of course Managerial Economics : CRN: 43075
This course focuses on the application of microeconomic tools and concepts to business decision-making. Every organization faces numerous decisions. Every decision-maker faces limits of money, resources, technology, and information. Optimal decisions must balance the marginal benefits of a decision with the decision’s marginal costs. The tool of constrained optimization is applied to cost minimization, output maximization, and profit maximization. Concepts covered include: optimal output volume; demand analysis and estimation; production and cost; market structure and strategic positioning; and optimal pricing strategies. Prerequisite: OPMT 600.
Schedule Details
Location Time Day(s)
GBEC 700 - 201 Economics of Strategy - - - R - - - 1800 - 2100 TMH 353
Description of course Economics of Strategy : CRN: 43077
This course builds upon the basic competitive analysis and strategy skills introduced in ECON600. Students will employ theoretical concepts and statistical analyses to conduct an effective analysis of a market or industry and to formulate a suitable competitive strategy. Emphasis is on team analysis of case applications as well as the student's own industry and firm. Especially useful for students with strategic responsibilities or those considering a career in management consulting. -- Prerequisite: Standard core courses including GBEC600
Schedule Details
Location Time Day(s)
J-Term 2017 Courses
J-Term 2017 Courses
Crs - Sec Title Days Time Location
Spring 2017 Courses
Spring 2017 Courses
Crs - Sec Title Days Time Location
GBEC 625 - 211 Managerial Economics - - W - - - - 1800 - 2100 TMH 353
Description of course Managerial Economics : CRN: 22091
This course focuses on the application of microeconomic tools and concepts to business decision-making. Every organization faces numerous decisions. Every decision-maker faces limits of money, resources, technology, and information. Optimal decisions must balance the marginal benefits of a decision with the decision’s marginal costs. The tool of constrained optimization is applied to cost minimization, output maximization, and profit maximization. Concepts covered include: optimal output volume; demand analysis and estimation; production and cost; market structure and strategic positioning; and optimal pricing strategies. Prerequisite: OPMT600 or OPMT601
Schedule Details
Location Time Day(s)
Academic and Professional Positions
  • Professor of Business Economics, University of St. Thomas, St. Paul / Minneapolis (2006 - present)
  • Department Chair - Finance, University of St. Thomas, Saint Paul / Minneapolis (2015 - present)
  • Professor of Economics, University of St. Thomas, St. Paul / Minneapolis (2002 - 2006)
  • Associate Professor of Economics, University of St. Thomas, St. Paul / Minneapolis (1999 - 2002)
  • Visiting Faculty, University of Minnesota, Minneapolis (1996 - 1999)
  • Associate Professor with tenure, California State University Department of Economics and Statistics, Los Angeles (1993 - 1999)
  • Adjunct Instructor, University of St. Thomas, St. Paul / Minneapolis (1997 - 1999)
  • Assistant Professor, California State University Department of Economics and Statistics, Los Angeles (1986 - 1992)
  • Visiting Assistant Professor, University of Southern California, Department of Finance and Business Economics, (1989 - 1990)
  • Forecaster, Pacific Northwest Bell, Seattle (1979 - 1981)

Professional Memberships
  • American Economic Association
  • Midwest Economic Association
  • Minnesota Economic Association
  • National Tax Association
  • Southern Economic Association
  • Western Economic Association International

Professional Service
  • Public Finance Review, Reviewer

Public Service
  • Lumen Christi Catholic Community, Other

Publications
  • Combs, K. L., Kim, L., Landers, J. B., & Spry, J. A. (forthcoming). The responsiveness of casino revenue to the casino tax rate. Public Budgeting and Finance,
  • Combs, K. L., Crowley, J. E., & Spry, J. A. (2014). The effect of New Jersey Lottery promotions on consumer demand and state profits. Eastern Economic Journal, (40), pp. 326-348
  • Combs, K. L., & Spry, J. A. (2012). Who plays the numbers games in the middle of the day?. Applied Economics, (44)(7), pp. 889-897
  • Combs, K. L., Gibson, S., Hays, J. M., Saly, P., & Wendt, J. T. (2008). Enhancing curriculum and delivery: Linking assessment to learning objectives. Assessment and Evaluation in Higher Education, (33)(1), pp. 87-102
  • Combs, K. L., Kim, J., & Spry, J. A. (2008). The relative regressivity of seven lottery games. Applied Economics, (40)(1), pp. 35-39
  • Combs, K. L. (2005). The welfare effects of research and production joint ventures. Journal of Technology Transfer, (30)(1-2), pp. 227-239
  • Combs, K. L. (2003). Innovation policy in search of an economic foundation: The case of research partnerships in the United States. Technology Analysis and Strategic Management, (15)(2), pp. 177-187
  • Audretsch, D., Bozeman,, B., Combs, K. L., Feldman, M., & Link, A. (2002). The economics of science and technology. Journal of Technology Transfer, (27)(1), pp. 155-203
  • Combs, K. L. (1999). Limited liability companies and technology transfer. Journal of Technology Transfer, (24)(1), pp. 25-35
  • Combs, K. L., & Schreft, S. L. (1999). Do consumers really want credit card reform. Economic Review, (3rd),
  • Combs, K. L. (1993). The role of information sharing in cooperative research and development. International Journal of Industrial Organization, (11), pp. 535-551
  • Combs, K. L. (1992). Cost sharing versus multiple research projects in cooperative R and D. Economics Letters, (39), pp. 353-357

Books and Chapters
  • Combs, K. L., & Spry, J. A. (2009). Economics of Betting Markets. In David Peel (Ed.), The relative regressivity of seven lottery games Ch 5. Routledge
  • Combs, K. L., & Gray, C. M. (2007). Managerial economics and organizational architecture 4th ed. McGraw-Hill
  • Combs, K. L., Gray, C. M., & Spry, J. A. (2007). Updated managerial economics and organizational architecture test bank. McGraw-Hill
  • Combs, K. L. (2005). Essays in Honor of Edwin Mansfield: The Economics of R & D, Innovation, & Technological Change. In Albert N. Link & Frederic M. Scherer (Ed.), The welfare effects of research and production joint ventures. Springer

Research Interests
  • Competition
  • Public Finance
  • Applied Game Theory; Economics of Innovation; Economics of Gambling

Presentations
  • "Revisiting lottery regressivity after the powerball and mega millions merger" Southern Economic Association, New Orleans, Louisiana, November 01, 2015
  • "The responsiveness of casino revenue to the casino tax rate" OCB Research Forum, April 01, 2015
  • "The responsiveness of casino revenue to the casino tax rate" Midwest Economics Association, Minneapolis, Minnesota, March 01, 2015
  • "Revisiting Lottery regressivity after the Powerball and Mega Millions merger" Western Economic Association - International, Denver, Colorado, July 01, 2014
  • "Revisiting lottery regressivity after the Powerball and Mega Millions merger" OCB Faculty Research Symposium, Minneapolis, Minnesota, April 01, 2014
  • "Revisiting lottery regressivity after the Powerball and Mega Millions merger" National Tax Association, Tampa, Florida, November 01, 2013
  • "The effect of New Jersey lottery promotions on consumer demands and state profits" WEA - Western Economic Association International Annual Conference, Seattle, Washington, July 01, 2013
  • "The responsiveness of casino tax revenue to the casino tax rate" OCB Faculty Research Symposium, Minneapolis, Minnesota, April 01, 2013
  • "The effect of New Jersey lottery promotions on consumer demands and state profits" OCB Faculty Research Symposium, Minneapolis, Minnesota, April 01, 2013
  • "Taxation and interstate competition in Midwest casinos" Federation of Tax Administrators Revenue Estimation and Tax Research Conference, Charleton, WV, October 19, 2011
  • "Casino mergers, acquisitions, and the "Harrah's effect": Case studies of casino consolidation on state gaming revenue" Western Economic Association International Conference, San Diego, CA, July 01, 2011
  • "Casino mergers, acquisitions, and the "Harrah's effect": Case studies of casino consolidation on state gaming revenue" National Tax Association Annual Conference, Chicago, IL, November 01, 2010
  • "Taxation and interstate competition in Midwest casinos" National Tax Association, Denver, Colorado, November 01, 2009
  • "Casino taxation: A preliminary analysis of the effects of Illinois 2003-2005 tax rates on Illinois casino AGR" Western Economic Association, Vancouver, Canada, July 01, 2009
  • "The increase in Ohio Lottery Pick 3 and Pick 4 sales from introducing midday drawings" National Tax Association Annual Conference., Philadelphia, PA, November 01, 2008
  • "Who plays the numbers games in the middle of the day?" National Tax Association, Philadelphia, PA, November 01, 2008
  • "The demand for Minnesota lottery games: Point of sale vs. place of residence" Western Economic Association, Honolulu, Hawaii, June 01, 2008
  • "Who plays the numbers games in the middle of the day?" Western Economic Association, Seattle, WA, July 01, 2007
  • "Who plays the numbers games in the middle of the day?" Western Economic Association, Seattle, Washington, June 01, 2007
  • "Who plays the numbers games in the middle of the day?" Midwest Economic Association, Minneapolis, Minnesota, March 01, 2007
  • "The demand for Minnesota lottery games: Point of sale vs. place of residence" Western Social Science Association, Phoenix, AZ, April 01, 2006
  • "The relative regressivity of seven Minnesota lottery games" National Tax Association, Miami, Florida, November 01, 2005
  • "The relative regressivity of seven Minnesota lottery games" Western Economic Association, San Francisco, CA, November 01, 2005
  • "The relative regressivity of seven Minnesota lottery games" National Tax Association conference, Miami, Florida, November 01, 2005
  • "The relative regressivity of seven Minnesota lottery games" Western Economic Association, San Francisco, CA, July 01, 2005
  • "Enhancing Curriculum and Delivery: Linking Assessment to Learning Objectives" Western Economic Association, Vancouver, Canada, June 01, 2004
  • "Development And Use Of An Assessment Tool Based On Course Learning Objectives" European Applied Business Research Conference, Venice, Italy, June 01, 2003
  • "An International Exercise to Increase Awareness of How Market, Political, and Cultural Forces Affect Economic Activity" Western Economic Association, Vancouver, Canada, January 01, 2002