Emeritus | Faculty
Richard Schmalensee served as the John C Head III Dean of the MIT Sloan School of Management from 1998 through 2007. He was a member of the President's Council of Economic Advisers from 1989 through 1991 and served for 12 years as Director of the MIT Center for Energy and Environmental Policy Research.
Professor Schmalensee is the author or co-author of 11 books and more than 120 published articles, and he is co-editor of volumes 1 and 2 of the Handbook of Industrial Organization. His research has centered on industrial organization economics and its application to managerial and public policy issues, with particular emphasis on antitrust, regulatory, energy, and environmental policies. He has served as a consultant to the U.S. Federal Trade Commission, the U.S. Department of Justice, and numerous private corporations.
Professor Schmalensee is a Fellow of the Econometric Society and the American Academy of Arts and Sciences. He was the 2012 Distinguished Fellow of the Industrial Organization Society. He has served as a member Executive Committee of the American Economic Association and as a Director of the International Securities Exchange and other corporations. He is currently a Director of the National Bureau of Economic Research, Chairman of the Board of Directors of Resources for the Future, and Co-Chairman of the Board of Governors of the newly established Asia School of Business in Kuala Lumpur, Malaysia.
Evans, David, and Richard L. Schmalensee. Boston, MA: Harvard Business Review Press, 2016.
Schmalensee, Richard L., and Robert N. Stavins. Review of Environmental Economics and Policy Vol. 11, No. 1 (2017): 59-79.
Evans, David S., and Richard Schmalensee. In The New Palgrave Dictionary of Economics, edited by L.E. Blume, S.N. Durlauf, London, UK: Palgrave Macmillan, Forthcoming.
Schmalensee, Richard, MIT Sloan Working Paper 5526-18. Cambridge, MA: MIT Sloan School of Management, September 2018.
Schmalensee, Richard. Milken Institute Review, September 2018.
Chang, Howard H., and Richard Schmalensee. In The Antitrust Revolution, 7th Ed., edited by John E. Kwoka, Jr., Lawrence J. White, 294-311. Oxford, UK: Oxford University Press, 2018.
Short answer: Maybe. But there could be better ways of keeping market power in check.
Platforms, free innovation, millennial communication, and more platforms.
Source: Bloomberg