Richard Schmalensee


Richard Schmalensee

Support Staff

Get in Touch



Academic Area

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 coauthor 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, and Chairman Emeritus of the Board of Directors of Resources for the Future.


"A Comprehensive and Balanced Energy Policy."

Schmalensee, Richard L. Environmental Forum Vol. 8, (1991): 41-42.

"A Guide to the Antitrust Economics of Networks."

Schmalensee, Richard L., and David S. Evans. Antitrust Magazine, April 1996.

"A Model of Advertising and Product Quality."

Schmalensee, Richard. Journal of Political Economy Vol. 87, No. 3 (1978): 485-504.

"A Model of Promotional Competition in Oligopoly."

Schmalensee, Richard L. Review of Economic Studies Vol. 43, No. 3 (1976): 493-507.

Load More

Recent Insights

Ideas Made to Matter

Will regulating big tech stifle innovation?

Short answer: Maybe. But there could be better ways of keeping market power in check.

Read Article
Ideas Made to Matter

Seven 2016 books from MIT Sloan faculty members

Platforms, free innovation, millennial communication, and more platforms.

Read Article
Load More

Media Highlights