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Karl Einolf
Karl W. Einolf Ph.D.
Dean, Richard J.Bolte, Sr. School of Business
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Ph.D., Lehigh University (1999)
M.S., Johns Hopkins University (1994)
B.S., The Pennsylvania State University (1989)


2009 Outstanding Service to the Mount St. Mary's University Honors Program Award

2005 CASE Professor of the Year Nominee

2003 John W. Richards Award for Teaching Excellence, Mount St. Mary's College

2002 Mount St. Mary's College Class of 2002 Service Award

1997-1998 Warren-York Fellowship, Lehigh University

1994 The Edward J. Stegman Memorial Award, Johns Hopkins University


Dr. Einolf spent five years working for the Sprint Corporation in Carlisle, PA, and in Kansas City, MO, in various finance, marketing, and human resource positions before coming to the Mount in 1998.

Dr. Einolf was promoted to the rank of Professor in 2010. He is a recipient of the University's Richards Award for Teaching Excellence, and he served for six years as the Director of the Mount's Honors Program. Einolf is a renowned scholar and co-author of Management Economics. He has published papers in numerous business and economics journals, and has presented his work at national and international conferences.

Areas of Study

Applied Microeconomics: Finance, Sports Economics, Productivity Analysis


Einolf, K. (2011) "March Madness in the Finance Classroom" Business Education Innovation Journal, Volume 3, Number 2.

Einolf, Karl W. (2011) "Location, Location, Location? Sports Franchise Placement in the Four Major U.S. Sports Leagues" in The Oxford Handbook of Sports Economics: Economics Through Sports, edited by Shmanske, S. and Kahane, L., Oxford University Press.

Einolf, K. (2007 - effectively published in 2009). "Building a Socially Responsible Equity Portfolio Using Data Envelopment Analysis," Philosophica, 80(2), p. 71-103.

Einolf, K. (2007). "The Economics of Collegiate Athletics," in Szymanski, S. and Andreff, W. (eds.) Handbook on the Economics of Sport, Edward Elgar Publishing: London, pp. 379-388.

Forgang, W. and Einolf, K. (2007). Management Economics: An Accelerated Approach, M.E. Sharpe Publishers: New York.

Einolf, K. (2006). "March Madness in the Classroom," Journal of Industrial Organization Education, Vol. 1 (1), Article 3, available at

Einolf, K. (2005). " Where Fantasy Becomes Reality in an Economics of Sports Simulation" Journal of Sports Economics, Vol. 6 (3), pp. 338-339.

Einolf, K. (2004). "Is Winning Everything? A Data Envelopment Analysis of Major League Baseball and the National Football League" Journal of Sports Economics, Vol. 5 (2), pp. 127-151.

Dearden, J. and Einolf, K. (2003). "Strategy-Proof Allocation of Fixed Costs" Review of Economic Design, Vol. 8(2), pp. 185-204.

Einolf, K. (2002) "It's Not Unethical, Just Clever Strategy" Sports Business Journal. July 22, p. 42.

Einolf, K. (2001) "Major League Baseball Wants to Fold its Most Efficient Teams" Sports Business Journal. December 10, p. 35.

Einolf, K., Bean A., and Russo, J. (1999) "Benchmarking your R&D: Results of the Annual IRI/CIMS R&D Survey for FY '97". Research Technology Management. Vol. 42 (1). pp. 24-34.

Additional Information

News Articles
"How One Economist Created the Most Realistic Fantasy Football League Ever," Jason Plautz, The Atlantic. September 5, 2012

"Karl Einolf, Ph.D., Named Dean"

Future Value of a Dollar with Dr. Einolf


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