Curriculum Vitae

                                                          Richard Schmalensee

John C Head III Dean and

Professor of Economics and Management

MIT Sloan School of Management

                   MIT Room E52-473, 50 Memorial Drive                  20 Malia Terrace

                   Cambridge, Massachusetts 02142                            Chestnut Hill, Massachusetts 02467

                   (617) 253-2957, fax: 258-6617                                 (617) 566-0664, fax: 566-6492

                   email: rschmal@mit.edu

EDUCATION:   

                   MASSACHUSETTS INSTITUTE OF TECHNOLOGY

                   S.B., Economics, Politics and Science, 1965

                   Ph.D., Economics, 1970

EMPLOYMENT:

                   MASSACHUSETTS INSTITUTE OF TECHNOLOGY

2001-           John C Head III Dean, Sloan School of Management

1998-00       Dean, Sloan School of Management (Interim, July-October 1998)

1996-98       Deputy Dean, Sloan School of Management

1991- 99      Director, Center for Energy and Environmental Policy Research

1988-99       Gordon Y Billard Professor of Economics and Management

1986-           Professor, Department of Economics

1979-           Professor, Sloan School of Management

1977-79       Associate Professor, Sloan School of Management

1970            Assistant Professor, Sloan School of Management (Spring)

1967-69       Instructor, Sloan School of Management

                   PRESIDENT'S COUNCIL OF ECONOMIC ADVISORS

1989-91       Member

1967            Junior Staff Economist (Summer)

                   UNIVERSITY OF CALIFORNIA, SAN DIEGO

1974-77       Associate Professor, Department of Economics

1970-74       Assistant Professor, Department of Economics

VISITING APPOINTMENTS:

1985-86       Visiting Professor, Harvard Business School

1985            Visiting Professor, CORE, University of Louvain, Belgium (Spring)

1980-81       Visiting Scholar, Department of Economics, Harvard University

1973-74       Visiting Associate Professor and Research Fellow, Department of Economics,

                   University of Louvain, Belgium
EDITORIAL SERVICE:

Editorial Board: Journal of Economics and Management Strategy, 1992-98

Associate Editor: Journal of Economic Perspectives, 1992-98

Associate Editor: Zeitschrift für Nationalökonomie, 1987-89, 1993-

Associate Editor: International Journal of Industrial Organization, 1982-89

Board of Editors: American Economic Review, 1982-86 

Founding Editor, 1978-89; Co-Editor, 1989-: MIT Press Series, Regulation of Economic Activity

Associate Editor, 1977-81; Board of Editors, 1981-89: Journal of Industrial Economics

 

PROFESSIONAL ASSOCIATIONS:

American Economic Association: Executive Committee, 1993-95; Budget Committee, 1993-95; Nominating Committee, 1987; Advisory Committee on Meetings Program, 1986, 1989, 1994

Econometric Society: Chair, Local Arrangements Committee, 1985 World Congress; Chair, Program Committee, 1980 North American Fall Meeting; Program Committee, 1980 World Congress

Second World Congress of Environmental Economists, Program Committee, 2002

 

CONSULTATION AND GOVERNMENT SERVICE (SELECTED):

National Academies/National Research Council: Committee for the Study of Transportation and a Sustainable Environment, 1994-97; Committee on National Statistics, 1998-2001; Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes, 1999-2001; Coordinating Committee on the Transition to Sustainability, 2000-2001

U.S. Environmental Protection Agency: Environmental Economics Advisory Committee, 1992-96, 1998; Clean Air Act Compliance Analysis Council, 1992-98, Chairman 1992-96

NERA Economic Consulting: Special Consultant 1981-89, 1991-

Antitrust Division, U.S. Department of Justice, consultant, 1991-92 (1992 Merger Guidelines)

Bureau of Economics, U.S. Federal Trade Commission, consultant, 1972-81 (Antitrust Policy)

 

AWARDS AND OTHER PROFESSIONAL ACTIVITIES:

European Investment Bank Lecture, European University Institute, 2002

International Research Fellow, Kiel Institute for World Economics, 2001-

Fathauer Lecture in Political Economy, University of Arizona, 2000

Member, International Academy of Management, 1998-

Fellow: American Academy of Arts and Sciences, 1995-

Edward A. Hewett Prize, American Association for the Advancement of Slavic Studies (with P.L. Joskow and N. Tsukanova), 1995

Revista de Análisis Económico Lecture, Econometric Society Latin American Meeting, 1994

Research Associate: National Bureau of Economic Research, 1992-

Board of Directors: Long Island Lighting Company, 1992-98; International Securities Exchange, 2000-; MFS Investment Management, 2002-

Donald Gilbert Memorial Lecture, University of Rochester, 1992

American Council for Capital Formation Center for Policy Research: Board of Directors, 1991-;

         Environmental Policy Fellow, 1997-98

Fellow, Econometric Society, 1982-


BOOKS WRITTEN:

The Economics of Advertising (Vol. 80, Contributions to Economic Analysis), Amsterdam: North-Holland, 1972.

Applied Microeconomics: Problems in Estimation, Forecasting and Decision-Making, San Francisco:  Holden-Day, 1973.

An Introduction to Applied Macroeconomics (with E. Kuh), Amsterdam:  North-Holland, 1973. Japanese Ed., Tokyo: McGraw-Hill Kogakusha, 1975.

The Control of Natural Monopolies, Lexington: D.C. Heath (Lexington Books), 1979.

Markets for Power: An Analysis of Electric Utility Deregulation (with P. L. Joskow), Cambridge: MIT Press, 1983.

Economics, 2nd Ed. (with S. Fischer and R. Dornbusch), New York: McGraw-Hill, 1988.

Paying with Plastic: The Digital Revolution in Buying and Borrowing (with D.S. Evans), Cambridge: MIT Press, 1999.

Markets for Clean Air: The U.S. Acid Rain Program (with A.D. Ellerman, P.L. Joskow, J.P. Montero, and E.M. Bailey), Cambridge: Cambridge University Press, 2000.

Did Microsoft Harm Consumers? Two Opposing Views (with D.S. Evans; F.M. Fisher and D.L. Rubinfeld), Washington: AEI Press, 2000.

 

BOOKS EDITED:

The Empirical Renaissance in Industrial Economics (ed., with T. F. Bresnahan), Oxford: Basil Blackwell, 1987.

Handbook of Industrial Organization (ed., with R. D. Willig), Amsterdam: North-Holland, 1989.

Management: Inventing and Delivering Its Future (ed., with T.A. Kochan), Cambridge: MIT Press, 2003.

 

JOURNAL ARTICLES:

"Regulation and the Durability of Goods." Bell Journal of Economics and Management Science, 1 (Spring 1970): 54-64.

"Consumer's Surplus and Producer's Goods." American Economic Review, 61 (September 1971): 682-687.

"A Note on Monopolistic Competition and Excess Capacity." Journal of Political Economy, 80 (May/June 1972): 586-591.

"Option Demand and Consumer's Surplus: Valuing Price Changes Under Uncertainty." American Economic Review, 62 (December 1972): 813‑824.

"A Note on the Theory of Vertical Integration." Journal of Political Economy, 81 (March/April 1973): 442-449.

"Brand Loyalty and Barriers to Entry." Southern Economic Journal, 40 (April 1974): 579-588.

"Market Structure, Durability, and Maintenance Effort." Review of Economic Studies, 41 (April 1974): 277-287.

"Estimating the Costs and Benefits of Utility Regulation." Quarterly Review of Economics and Business, 14 (Summer 1974): 51-64.

"Consumer Behavior versus Economic Theory." Recherches Economiques de Louvain, 40 (September 1974): 261-276.

"Alternative Models of Bandit Selection." Journal of Economic Theory, 10 (June 1975): 333-342.

"An Experimental Study of Expectation Formation." Econometrica, 44 (January 1976): 17-41.

"Another Look at the Social Valuation of Input Price Changes." American Economic Review, 66 (March 1976): 239-243.

"Resource Exploitation Theory and the Behavior of the Oil Cartel." European Economic Review, 7 (April 1976): 257-279.

"Advertising and Profitability:  Further Implications of the Null Hypothesis." Journal of Industrial Economics, 25 (September 1976): 45-54.

"A Model of Promotional Competition in Oligopoly." Review of Economic Studies, 43 (October 1976): 493-507.

"Is More Competition Necessarily Good?" Industrial Organization Review, 4 (1976): 120-121.

"Public Investment Criteria, Insurance Markets, and Income Taxes." Journal of Public Economics, 6 (November 1976): 425-445.

"Valuing Changes in Regulated Firms' Input Prices." Southern Economic Journal, 43 (January 1977): 1346-1351.

"Using the H Index of Concentration with Published Data." Review of Economics and Statistics, 59 (May 1977): 186-193.

"Comparative Static Properties of Regulated Airline Oligopolies." Bell Journal of Economics, 8 (Autumn 1977): 565-576.

"Nonconvexity and Optimal Exhaustion of Renewable Resources" (with T. R. Lewis). International Economic Review, 18 (October 1977): 535‑552.

"Common Stock Volatility Expectations Implied by Option Premia" (with R. R. Trippi). Journal of Finance, 33 (March 1978): 129-147.

"A Note on Economies of Scale and Natural Monopoly in the Distribution of Public Utility Services." Bell Journal of Economics, 9 (Spring 1978): 270-276.

"A Model of Advertising and Product Quality." Journal of Political Economy, 87 (June 1978): 485-504.

"Life-Cycle Costing for Consumers of Energy-Conserving Devices" (with S. S. Penner and M. R. Brambley). Energy, 3 (July/August 1978): 415‑419.

"Entry Deterrence in the Ready-to-Eat Breakfast Cereal Industry." Bell Journal of Economics, 9 (Autumn 1978): 305-327.  Reprinted in Market Strategy and Structure (J.M.A. Gee and G. Norman, eds.), London: Harvester Wheatsheaf, 1992, pp. 84-111.

"Market Structure, Durability, and Quality: A Selective Survey." Economic Inquiry, 17 (April 1979): 177-198.

"On the Use of Economic Models in Antitrust:  The ReaLemon Case." University of Pennsylvania Law Review, 127 (April 1979): 994-1050.  Reprinted in Antitrust Law and Economics (O. E. Williamson, ed.), Houston: Dame, 1980, pp. 97-153.

"Nonconvexity and Optimal Harvesting Strategies for Renewable Resources" (with T. R. Lewis). Canadian Journal of Economics, 12 (November 1979): 677-691.

"Appropriate Government Policy Toward Commercialization of New Energy Supply Technologies." Energy Journal, 1 (April 1980): 1-40.

"Advertising and Aggregate Consumption:  An Analysis of Causality" (with R. Ashley and C. W. J. Granger). Econometrica, 48 (July 1980): 1149‑1168.

"On Oligopolistic Markets for Nonrenewable Natural Resources" (with T. R. Lewis). Quarterly Journal of Economics, 95 (November 1980): 475‑491.

"Qualitative Asymptotic Synthesis in Simple Optimal Control Problems." Economic Letters, 5 (1980): 349-352.

"Output and Welfare Implications of Monopolistic Third-Degree Price Discrimination." American Economic Review, 71 (March 1981): 242‑247.

"Risk and Return on Long-Lived Tangible Assets." Journal of Financial Economics, 9 (June 1981): 185-205.

"Monopolistic Two-Part Pricing Arrangements." Bell Journal of Economics, 11 (Autumn 1981): 445-466.

"Economies of Scale and Barriers to Entry." Journal of Political Economy, 89 (December 1981): 1228-1238.

"Commodity Bundling by Single-Product Monopolies." Journal of Law and Economics, 25 (April 1982): 67-71.

"Antitrust and the New Industrial Economics." American Economic Review, 72 (May 1982): 24-28.

"Cartel Deception in Markets for Nonrenewable Resources" (with T. R. Lewis). Bell Journal of Economics, 13 (Spring 1982): 263-271.

"Another Look at Market Power." Harvard Law Review, 95 (June 1982): 1789-1816.

"Product Differentiation Advantages of Pioneering Brands." American Economic Review, 72 (June 1982): 349-365.  ("Errata," AER, 73 (March 1983): 250).

"George Stigler's Contributions to Economics." Scandinavian Journal of Economics, 85 (March 1983): 77-86.

"Advertising and Entry Deterrence: An Exploratory Model." Journal of Political Economy, 91 (August 1983): 636-653.

"The Impact of Scale and Media Mix on Advertising Agency Costs" (with A. J. Silk and R. Bojanek). Journal of Business, 56 (October 1983): 453-475.

"Gaussian Demand and Commodity Bundling." Journal of Business, 57 (January 1984): S211-S230.

"Estimating Effective Concentration in Deregulated Wholesale Electricity Markets" (with B. W. Golub). RAND Journal of Economics, 15 (Spring 1984): 12-26.

"Imperfect Information and the Equitability of Competitive Prices." Quarterly Journal of Economics, 99 (August 1984): 441-460.

"Adversary Hydro Relicensing Applications: Using Economic Efficiency Criteria" (with P. L. Joskow). Public Utilities Fortnightly, 114 (20 December 1984): 22-28.

"Econometric Diagnosis of Competitive Localization." International Journal of Industrial Organization, 3 (March 1985): 57-70.

"Do Markets Differ Much?" American Economic Review, 75 (June 1985): 341-351.

"Estimated Parameters as Independent Variables: An Application to the Costs of Electric Generating Units" (with P. L. Joskow). Journal of Econometrics, 31 (April 1986): 275-305.

"Incentive Regulation for Electric Utilities" (with P. L. Joskow). Yale Journal on Regulation, 4 (Fall 1986): 1-49.

"The Empirical Renaissance in Industrial Economics: An Overview" (with T. F. Bresnahan). Journal of Industrial Economics, 35 (June 1987): 371‑378.

"Collusion versus Differential Efficiency: Testing Alternative Hypotheses." Journal of Industrial Economics, 35 (June 1987): 399-425.

"Ease of Entry: Has the Concept Been Too Readily Applied?" Antitrust Law Journal, 56 (1987): 41-51.

"The Performance of Coal-Burning Electric Generating Units in the United States: 1960-1980" (with P. L. Joskow). Journal of Applied Econometrics, 2 (April 1987): 85-109.

"Horizontal Merger Policy: Problems and Changes." Journal of Economic Perspectives, 1 (Fall 1987): 41-54.

"Competitive Advantage and Collusive Optima." International Journal of Industrial Organization, 5 (December 1987): 351-367.

"Industrial Economics: An Overview." Economic Journal, 98 (September 1988): 643-681.  Reprinted in Surveys in Economics, Vol. 2 (A.J. Oswald, Editor), Oxford: Basil Blackwell, 1991, pp. 51-89.

"Perceptual Maps and the Optimal Location of New Products: An Integrative Essay" (with J.‑F. Thisse). International Journal of Research in Marketing, 5 (1988): 225-249.

"Intra-Industry Profitability Differences in U.S. Manufacturing: 1953-1983." Journal of Industrial Economics, 37 (June 1989): 337-357.

"An Expository Note on Depreciation and Profitability under Rate-of-Return Regulation." Journal of Regulatory Economics, 1 (September 1989): 293-298.

"Good Regulatory Regimes." RAND Journal of Economics, 20 (Autumn 1989): 417-436.

"Continuity and Change in the Economics Industry." Economic Journal, 101 (January 1991): 115-121.  Reprinted in The Future of Economics (J.D. Hey, ed.), Oxford: Basil Blackwell, 1992, pp. 115-121.

"Sunk Cost and Market Structure: A Review Article." Journal of Industrial Economics, 40 (June 1992): 125-134.

"Comparing Greenhouse Gases for Policy Purposes." Energy Journal, 14 (1993): 245-255.

"Symposium on Global Climate Change." Journal of Economic Perspectives, 7 (Fall 1993): 3-10.

"Competition Policy in Russia During and After Privatization" (with P.L. Joskow and N. Tsukanova). Brookings Papers on Economic Activity, Microeconomics, 1994: 301-374. [Awarded the 1995 Edward A. Hewett Prize by the American Association for the Advancement of Slavic Studies.]

"Economic Aspects of Payment Card Systems and Antitrust Policy Toward Joint Ventures" (with D.S. Evans).  Antitrust Law Journal, 63 (Spring 1995): 861-901.

"The Benefits of Releasing the Bell Companies from the Interexchange Restrictions" (with P.S. Brandon). Managerial and Decision Economics, 16 (July-August 1995): 349-364.

"Privatization in Russia: What Should Be a Firm?" (with P.L. Joskow). International Journal of the Economics of Business, 2 (1995): 297-327.  Reprinted in Transaction Cost Economics: Recent Developments (C. Menard, ed.), Brookfield, VT: Edward Elgar, 1997, pp. 86-126.

"What Have We Learned About Privatization and Regulatory Reform?" Revista de Análisis Económico, 10 (November 1995): 21-39.  (Remarks in Roundtable Discussion, pp. 303-312.)

“Is There a Role for Benefit-Cost Analysis in Environmental Health and Safety Regulation?”  (with K.J. Arrow, M.L. Cropper, G.C Eads, R.W. Hahn, L.B. Lave, R.G. Noll, P.R. Portney, M. Russell, V.K. Smith, and R.N. Stavins).  Science, 272 (12 April 1996): 221-222.  Reprinted in Economics of the Environment: Selected Readings, 4th Ed. (R.N. Stavins, ed.), New York: Norton, 1999. pp. 319-324.

“World Carbon Dioxide Emissions: 1950-2050” (with T.M. Stoker and R.A. Judson). Review of Economics and Statistics, 80 (February 1998): 15-27.

“The Political Economy of Market-Based Environmental Policy: The US Acid Rain Policy” (with P.L. Joskow).  Journal of Law and Economics, 41 (April 1998): 37-83. Reprinted in Economics of the Environment: Selected Readings, 4th Ed. (R.N. Stavins, ed.), New York: Norton, 1999, pp. 603-645.

“Some Economic Principles for Guiding Antitrust Policy Towards Joint Ventures” (with H. Chang and D.S. Evans).  Columbia Business Law Review, 1998 (1998): 223-329.

“An Analysis of the Welfare Effects of Long-Distance Market Entry by an Integrated Access and Long-Distance Provider” (with P.J. Hinton, J.D. Zona, and W.E. Taylor).  Journal of Regulatory Economics, 13 (March 1998): 183-196.

“An Interim Evaluation of Sulfur Dioxide Emissions Trading” (with P.L. Joskow, A.D. Ellerman, J.-P. Montero, and E.M Bailey). Journal of Economic Perspectives, 12 (Summer 1998): 53-68. Reprinted in Economics of the Environment: Selected Readings, 4th Ed. (R.N. Stavins, ed.), New York: Norton, 1999, pp. 455-471.

“The Market for Sulfur Dioxide Emissions” (with P.L. Joskow and E.M Bailey). American Economic Review, 88 (September 1998): 669-685.

“Household Gasoline Demand in the United States” (with T.M. Stoker). Econometrica, 67 (May 1999): 645-662.

“Economic Development and the Structure of the Demand for Commercial Energy” (with R.A. Judson and T.M. Stoker). Energy Journal, 20 (1999): 29-57.

 “Bill Baxter in the Antitrust Arena: An Economist’s Appreciation.” Stanford Law Review, 51 (May 1999): 1317-1332.

“Antitrust Issues in Schumpeterian Industries.” American Economic Review, 90 (May 2000): 192-196.

“An Analysis of the Government’s Economic Case in U.S. v. Microsoft” (with D.S. Evans and A.L. Nichols). Antitrust Bulletin, Summer 2001, pp. 163-531.  Reprinted in Microsoft, Antitrust and the New Economy: Selected Essays (D.S. Evans, ed.), Boston: Kluwer: 2002.

“Payment Systems and Interchange Fees,” Journal of Industrial Economics, 50 (June 2002): 103-122.

CHAPTERS IN BOOKS:

"Advertising and Economic Welfare."  In Advertising and the Public Interest (S. F. Divita, ed.),  Chicago: American Marketing Association, 1974, pp. 82-97. 

"Promoting Competition in Tomorrow's Markets for Solar Energy Systems." In The Solar Market:  Proceedings of the Symposium on Competition in the Solar Energy Industry, U.S. Federal Trade Commission, Washington, D.C.:  U.S. Government Printing Office, 1978, pp. 119-135.

"Cartel and Oligopoly Pricing of Nonreplenishable Natural Resources" (with T.R. Lewis). In Dynamic Optimization and Mathematical Economics (P. T. Liu, ed.), New York:  Plenum, 1980, pp. 133-156.

"The New Industrial Organization and the Economic Analysis of Modern Markets." In Advances in Economic Theory (W. Hildenbrand, ed.), Cambridge: Cambridge University Press, 1982, pp. 253-285.

"Optimal Use of Renewable Resources with Nonconvexities in Production" (with T.R. Lewis).  In Essays in the Economics of Renewable Resources (J. Mirman and D.F. Spulber, eds.), Amsterdam: North-Holland, 1982, pp. 95-111.

"Advertising and Market Structure."  In New Developments in the Analysis of Market Structure (J. E. Stiglitz and G. F. Mathewson, eds.), Cambridge: MIT Press, 1986, pp. 373-396.

"Standards for Dominant Firm Conduct: What Can Economics Contribute?" In The Economics of Market Dominance (D. Hay and J. Vickers, eds.), Oxford:  Basil Blackwell, 1987, pp. 61-88.

"Advertising." In The New Palgrave, Vol. 1 (J. Eatwell, M. Milgate, and P. Newman, eds.), New York: Macmillan, 1987, pp. 34-36.

"Industrial Organization."  In The New Palgrave, Vol. 2 (J. Eatwell, M. Milgate, and P. Newman, eds.), New York: Macmillan, 1987, pp. 803-808.

"George Stigler's Contributions to Microeconomics and Industrial Organization." In The New Palgrave, Vol. 4 (J. Eatwell, M. Milgate, and P. Newman, eds.), New York:  Macmillan, 1987, pp. 499-500.

"The Potential of Incentive Regulation." In The Market for Energy (D. Helm, J. Kay, and D. Thompson, eds.), Oxford: Clarendon Press, 1989, pp. 178-187.

"Inter-Industry Studies of Structure and Performance."  In Handbook of Industrial Organization, Vol. 2 (R. Schmalensee and R. D. Willig, eds.), Amsterdam:  North-Holland, 1989, pp. 951-1009.

"Empirical Models of Rivalrous Behavior."  In Industrial Structure in the New Industrial Economics (G. Bonanno and D. Brandolini, eds.), Oxford: Oxford University Press, 1990, pp. 138-167.

"Economías del Tamaño Empresarial y Poder de Mercado" and "Innovación y Posición Competitiva."  In Concentración Empresarial y Competitividad: España en la C.E.E. (Xavier Vives and Jordi Gual, eds.), Barcelona: Ariel Economía, 1990, pp. 55-67 and 119-131.

"Agreements Between Competitors." In Antitrust, Innovation, and Competitiveness (T. M. Jorde and D. J. Teece, eds.), Oxford: Oxford University Press, 1992, pp. 98-118.

"How Should We Address Economic Costs of Climate Change?"  In Global Climate Change: The Economic Costs of Mitigation and Adaptation (J.C. White, ed.), New York: Elsevier, 1991, pp. 73-76.

"The Costs of Environmental Protection."  In Balancing Economic Growth and Environmental Goals, Washington: American Council for Capital Formation Center for Policy Research, 1994, pp. 55-80.  (Italian translation: "I costi della protezione abientale," Energia, 15 (December 1994): 30-48.)

“What Does Stabilizing Greenhouse Gas Concentrations Mean?” (with H.D. Jacoby and D.M. Reiner).  In Critical Issues in the Economics of Climate Change (B.P. Flannery and C.A.B. Grezo, eds.), London: IPIECA, 1997, pp. 225-244.

“Tradable Emissions Rights and Joint Implementation for Greenhouse Gas Abatement: A Look Under the Hood.”  In The Impact of Climate Change Policy on Consumers: Can Tradable Permits Reduce the Cost? (C.E. Walker, M.A. Bloomfield, and M. Thorning, eds.), Washington: American Council for Capital Formation, 1998, pp. 39-55.

“Greenhouse Policy Architectures and Institutions.” In Economics and Policy Issues in Climate Change (W.D. Nordhaus, ed.), Washington: Resources for the Future, 1998, pp. 137-158.

“Joint Venture Membership: Visa and Discover Card (1993)” (with D.S. Evans). In The Antitrust Revolution, 3rd Ed. (J. Kwoka and L. White, eds.), Oxford: Oxford University Press, 1998, pp. 286-309.

“The Economics of the Microsoft Case: A Post-Trial Primer” (with D.S. Evans). In Trial and Error: United States v. Microsoft (P. Beckner and E.R. Gustafson, eds.), Washington: Citizens for a Sound Economy, 2001, pp. 70-86.

“Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries” (with D.S. Evans). In Innovation Policy and the Economy, Vol. 2 (A. Jaffe, J. Lerner, and S. Stern, eds.), Cambridge: MIT Press, 2002, pp. 1-49.

“Introduction” (with T.A. Kochan).  In Management: Inventing and Delivering Its Future (T.A. Kochan and R. Schmalensee, eds.), Cambridge: MIT Press, 2003, pp. 1-13.

“Has the Consumer Harm Standard Lost its Teeth?” (with H.H. Chang and D.S. Evans). In High-Stakes Antitrust: The Last Hurrah? (R.W. Hahn, ed.), Washington: Brookings Institution Press, 2003, pp. 72-116.

 

OTHER PUBLICATIONS:

"The Computer Model of Energy Production without Fast Breeder Reactors" and "The Computer Model of Fast Breeder Demands and Prices" (with P. W. MacAvoy). Appendices E and F in P.W. MacAvoy, Economic Strategy for Developing Nuclear Breeder Reactor, Cambridge: MIT Press, 1969, pp. 186-199.

"Theory, Fact, and Policy: A Reply to Professor Barten." Recherches Economiques de Louvain, 41 (March 1975): 63-66.

Measuring External Effects of Solid Waste Management (with R. Ramanthan, W. Ramm, and D. Smallwood). Washington, D.C.: U.S. Environmental Protection Agency, Socioeconomic Environmental Studies Series, 1975.

"Option Demand and Consumer's Surplus: Reply." American Economic Review, 65 (September 1975): 737-739.

"Advertising, Concentration, and Profits: Comment." In Issues in Advertising: The Economics of Persuasion (D. C. Tuerck, ed.), Washington, D.C.: American Enterprise Institute, 1978, pp. 280-284.

"Remarks." In The Conglomerate Corporation (R. D. Blair and R. F. Lanzillotti, eds.), Cambridge: Oelgeschlager, Gunn & Hain, 1981, pp. 365-368.

"Income-Distributional Concerns in Regulatory Policymaking: Comment." In Studies in Public Regulation (G. Fromm, ed.), Cambridge: MIT Press, 1981, pp. 112-117.

"Comment on Beales, Craswell, and Salop." Journal of Law and Economics, 24 (December 1981): 541-544.

Review of C. C. von Weizsacker, Barriers to Entry. Journal of Economic Literature, 21 (June 1983): 562-564.

"Comments." In Telecommunications Access and Public Policy (A. Baughcum and G. R. Faulhaber, eds.), Norwood, N.J.: Ablex, 1984, pp. 76-80.

Review of D. J. Teece, ed., The Competitive Challenge. Journal of Economic Literature, 26 (December 1988): 1779-1780.

"Regulation and Antitrust in the Bush Administration." Antitrust Law Journal, 58 (1989): 475-480.

"Comment on Katz and Ordover." Brookings Papers on Economic Activity: Microeconomics, 1990: 194-197.

"Commentary." In Environmental Policy and the Cost of Capital, Washington: American Council for Capital Formation Center for Policy Research, 1990, pp. 104-7.

"Comment on Mannering and Winston." Brookings Papers on Economic Activity: Microeconomics, 1991: 107-110.

"A Comprehensive and Balanced Energy Policy." Environmental Forum, 8 (May/June 1991): 41-42.

"Commentary." In U.S. Environmental Policy and Economic Growth: How Do We Fare? Washington: American Council for Capital Formation Center for Policy Research, 1992, pp. 48-51.

The Economics of the Payment Card Industry (with D.S. Evans). Cambridge: National Economic Research Associates, Inc., 1993.

Review of J. Broome, Counting the Cost of Global Warming; William R. Cline, The Economics of Global Warming; and Alan S. Manne and Richard G. Richels, Buying Greenhouse Insurance: The Economic Costs of CO2 Limits. Journal of Economic Literature, 32 (June 1994): 738-741.

"Green Costs and Benefits: The Buck Stops Where?" In Environment Strategy America 1994/95 (W.K. Reilly, ed.), London: Campden, 1994, pp. 16-17.

Review of R. Wilson, Nonlinear Pricing. Journal of Political Economy, 102 (December 1994): 1288-1291.

"Commentary." In Strategies for Improving Environmental Policy and Increasing Economic Growth, Washington: American Council for Capital Formation, Center for Policy Research, 1995, pp. 32-35.

“A Guide to the Antitrust Economics of Networks” (with D.S. Evans). Antitrust Magazine, 10 (Spring 1996): 36-40.

"Ways I Have Worked." The American Economist, 40 (Fall 1996): 37-43.  Reprinted in Passion and Craft: How Economists Work (M. Szenberg, ed.), Ann Arbor: University of Michigan Press, 1998, pp. 243-255.

“Commentary.” In Climate Change Policy, Risk Prioritization, and Economic Growth, Washington: American Council for Capital Formation Center, for Policy Research, 1997, pp. 65-69.

“Kyoto’s Unfinished Business” (with H.D. Jacoby and R.G. Prinn). Foreign Affairs, 77 (July/August 1998): 54-66.  Reprinted in Economics of the Environment: Selected Readings, 4th Ed. (R.N. Stavins, ed.), New York, Norton: 1999, pp. 517-526.

“Comment on ‘Competition, Information, and Development,’ by Jean-Jacques Laffont.” In Annual Bank Conference on Development Economics 1998 (B. Pleskovic and J.E. Stiglitz, eds.), Washington: The World Bank, 1999, pp. 262-266.

“Commentary.” In Climate Change Policy: Practical Strategies to Promote Economic Growth and Environmental Quality (C.E. Walker, M.A. Bloomfield, and M. Thorning, eds.), Washington: American Council for Capital Formation, Center for Policy Research, 1999, pp. 33-38.

“A Monopolist would Still Charge More for Windows: A Comment on Werden” (with B. Reddy, D.S. Evans, and A. Nichols). Review of Industrial Organization, 18 (May 2001): 263-268.

“A Monopolist would Still Charge More for Windows: A Comment on Werden’s Reply” (with B. Reddy, D.S. Evans, and A. Nichols). Review of Industrial Organization, 18 (May 2001): 273-274.

“Comments” (On Robert E. Litan and Carl Shapiro, “Antitrust Policy in the Clinton Administration”). In American Economic Policy in the 1990s (J.A. Frankel and P.R. Orzag, eds.), Cambridge: MIT Press, 2002, pp. 493-499.

“Lessons from the Microsoft Case.” European Investment Bank Lecture Series, Florence: European University Institute, 2002.

“Interchange Fees: A Review of the Literature.” In The Payment Card Economics Review, Vol. 1, Cambridge: payingwithplastic.org/National Economic Research Associates, 2003, pp. 25-44.

 

 

                                                                                                            September 2003