Doug Wills, Ph.D., CFA

Associate Professor ; Graduate Faculty
Wills, Doug

Contact information

Dept: Milgard School of Business
Room: DOU 324
Phone: 253-692-5626


  • Ph.D., Texas A & M University, 1995.
  • M.B.A., University of British Columbia, 1988.


Dr. Wills has worked in the private sector as a financial analyst and a research economist for a public policy think tank. He is an active member of the Association for Investment Management and Research.


Economic and Financial History

Selected Publications

  • Hammes, David and DOUGLAS WILLS. Edison's Monetary Option, Journal of History of Economic Thought, forthcoming 2006.
  • Hammes, David, Eric Iksoon Im, and Douglas DOUGLAS WILLS, Convergence Condition for AR Index Model, Econometric Theory, forthcoming 2006.
  • Hammes, David and DOUGLAS WILLS. Black Gold: The End of Bretton Woods and the Oil Price Shocks of the 1970s, Independent Review of Political Economy, Spring 2005, 9(4).
  • Hammes, David and DOUGLAS WILLS. Except One: The monetary views of Arthur Kitson revisited, Journal of Economic Studies, Spring 2005, 32(1).
  • Wells, John, and DOUGLAS WILLS, Revolution, Restoration, and Debt Repudiation: The Jacobite Threat to England's Institutions and Economic Growth, Journal of Economic History, June 2000, 60(2): pp. 418-441.
  • Dempster, Greg, John Wells, and DOUGLAS WILLS. Common Features Analysis of Amsterdam and London Financial Markets During the 18th Century, Economic Inquiry, January 2000, 38(1): pp. 19-33.
  • WILLS, DOUGLAS. Further Implications of the Reversion Level in Agenda-Setter Models, Economics Letters, October 1995, 49, pp. 435-440.
  • Hammes, David and DOUGLAS WILLS. Public Debt, Interest and Fiscal Incidence, Review of Income and Wealth, December 1987, 33(4): pp. 439-444.
  • Hammes, David and DOUGLAS WILLS. Fiscal Illusion and the Grantor Government in Canada, Economic Inquiry, October 1987, 25(4), pp. 707-714.

Current research

  • Research on the development of property rights in the US West with specific reference to the development of the cattle range industry in the 19th Century.
  • Research on the development of financial institutions in the US West in the early 1920s.

Working papers

  • High Noon on the Western Range: A property rights analysis of the Johnson County War, Randy McFerrin and Douglas Wills, 2nd round revise and resubmit at the Journal of Economic History.

Honors and Awards

  • AT&T Curriculum Development Grant, 2000 - $1,500 to fund summer research on incorporating experiments into the curriculum
  • National Science Foundation Research Grant "Economics of War and Peace," 1998 - $75,000 grant to research the information content of financial markets.


  • American Economic Association
  • Chartered Financial Analyst Institute
  • Economic and Business History Association
  • Economic History Association
  • Financial Management Association