Professor Keith J. Crocker joined the University of Michigan Business School in 1996 as the Waldo O. Hildebrand Professor of Risk Management and Insurance, where his course offerings have included the operational risk management and financing electives in the MBA and BBA curriculums. He is also Professor of Business Economics and Public Policy, holds a courtesy appointment as Professor of Mathematics, and has served as Chair of the Business Economics Group since 1998. He holds a B.A. from Washington and Lee University in mathematics and economics, and an M.S. and a Ph.D. from Carnegie Mellon University in economics. Prior to his current position at the University of Michigan, Crocker was Professor of Economics at The Pennsylvania State University, where he taught courses in law and economics, microeconomics, and industrial organization. Previously, Crocker was a member of the Economics Department at the University of Virginia, and a staff economist at the Federal Trade Commission.
Crocker has served as an expert witness in cases involving antitrust and insurance concerns, including captive taxation and workers compensation. His research interests have focused primarily on contracting issues, with a particular emphasis on the role of transaction costs, adverse selection, and moral hazard in the design of agreements. Crocker's current topics of research include the examination of claims fraud in the context of insurance settlements, and the role of job attachment in the design of optimal employer-sponsored health insurance policies.