Research & Publications

"Policy Evolution under the Clean Air Act." Schmalensee, Richard and Robert N. Stavins. Journal of Economic Perspectives. Forthcoming.
"Applying the Rule of Reason to Two-Sided Platform Businesses." Evans, David S., and Richard Schmalensee. University of Miami Business Law Review Vol. 26, No. 2 (2018): 1-15.
"The Design of Environmental Markets: What Have We Learned from Experience with Cap and Trade?" Schmalensee, Richard, and Richard Stavins. Oxford Review of Economic Policy Vol. 33, No. 4 (2017): 572-588.
"Lessons Learned from Three Decades of Experience with Cap-and-Trade." Schmalensee, Richard L., and Robert N. Stavins. Review of Environmental Economics and Policy Vol. 11, No. 1 (2017): 59-79.
"Socialism for Red States in the Electric Utility Industry." Schmalensee, Richard L. Journal of Competition Law and Economics Vol. 12, No. 3 (2016): 477-494.
"Modernizing U.S. Freight Rail Regulation." Schmalensee, Richard L., and Wesley W. Wilson. Review of Industrial Organization Vol. 49, No. 2 (2016): 135-159.
"The Staggers Act at 35: Railroad Economics and Regulation." Schmalensee, Richard L., and Wesley W. Wilson. Review of Industrial Organization Vol. 49, No. 2 (2016): 127-131.
"The Performance of U.S. Wind and Solar Generators." Schmalensee, Richard L. Energy Journal Vol. 37, No. 1 (2016): 123-151.
"The Future of Solar Energy: A Personal Assessment." Schmalensee, Richard L. Energy Economics Vol. 52, No. S1 (2015): S142-S148.
"Pricing the Razor: A Note on Two-Part Tariffs." Schmalensee, Richard L. International Journal of Industrial Organization Vol. 42, (2015): 19-22.
"An Instant Classic: Rochet & Tirole, Platform Competition in Two-Sided Markets." Schmalensee, Richard L. CPI Journal Vol. 10, No. 2 (2014): 175-180.
"The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment." Schmalensee, Richard L., and Robert N. Stavins. Journal of Economic Perspectives Vol. 27, No. 1 (2013): 103-122.
"From Green Growth to Sound Policies: An Overview." Schmalensee, Richard L. Energy Economics Vol. 34, No. S1 (2012): S2-S6.
"On a level with Dentists? Reflections on the Evolution of Industrial Organization." Schmalensee, Richard L. Review of Industrial Organization Vol. 41, No. 3 (2012): 157-179.
"Evaluating Policies to Increase the Generation of Electricity from Renewable Energy." Schmalensee, Richard L. Review of Environmental Economics and Policy Vol. 6, No. 1 (2012): 45-64.
"Why is Platform Pricing Generally Highly Skewed." Schmalensee, Richard L. Review of Network Economics Vol. 10, No. 4 (2011): 1-2.
"Jeffrey Rohlfs’ 1974 Model of Facebook: An Introduction." Schmalensee, Richard L. Competition Policy International Vol. 7, (2011): 301-312.
"The Net Effects of the Proposed Durbin Fee Reductions on Consumers and Small Business." Evans, David S., Robert E. Litan, and Richard L. Schmalensee. The Lydian Journal Vol. 5, No. 5 (2011): 1-5.
"Failure to Launch: Critical Mass in Platform Businesses." Evans, David S., and Richard L. Schmalensee. Review of Network Economics Vol. 9, No. 4 (2010): 1-2.
"Standard-Setting, Innovation Specialists, and Competition Policy." Schmalensee, Richard L. Journal of Industrial Economics Vol. 57, No. 3 (2009): 526-552.
"Pricing Patents for Licensing in Standard-Setting Organizations: Making Sense of FRAND Commitments." Layne-Farrar, Anne, Jorge Padilla, and Richard L. Schmalensee. Antitrust Law Journal Vol. 74, No. 3 (2007): 671-706.
"New Risks, New Products, and New Regulations: Insurance for the 21st Century." Schmalensee, Richard L. ICFAI Journal of Risk and Insurance Vol. 4, (2007): 7-18.
"The Industrial Organization of Markets with Two-Sided Platforms." Schmalensee, Richard L., and David S. Evans. Competition Policy International Vol. 3, (2007): 151-179.
"A Survey of the Economic Role of Software Platforms in Computer-Based Industries." Evans, David S., Andrei Hagiu, and Richard L. Schmalensee. CESIfo Economic Studies Vol. 51, No. 2-3 (2005): 189-224.
"United States v. Microsoft: Did Consumers Win?" Evans, David S., Albert L. Nichols, and Richard L. Schmalensee. Journal of Competition Law and Economics Vol. 1, No. 3 (2005): 497-539.
"Sunk Costs and Antitrust Barriers to Entry." Schmalensee, Richard L. American Economic Review Vol. 94, No. 2 (2004): 471-475.
"Payment Systems and Interchange Fees." Schmalensee, Richard L. Journal of Industrial Economics Vol. 50, No. 2 (2002): 103-122.
"An Analysis of the Government’s Economic Case in U.S. v. Microsoft." Evans, David S., Albert L. Nichols, and Richard L. Schmalensee. Antitrust Bulletin Vol. 46, (2001): 163-251. Reprint, 2002.
"Antitrust Issues in Schumpeterian Industries." Schmalensee, Richard L. American Economic Review Vol. 90, No. 2 (2000): 192-196.
"Bill Baxter in the Antitrust Arena: An Economist’s Appreciation." Schmalensee, Richard L. Stanford Law Review Vol. 51, No. 5 (1999): 1317-1332.
"Household Demand for Gasoline in the United States." Schmalensee, Richard L., and Thomas Stoker. Econometrica Vol. 67, No. 3 (1999): 645-662.
"Economic Development and the Structure of the Demand for Commercial Energy." Stoker, Thomas, Richard L. Schmalensee, and R. Judson. Energy Journal Vol. 20, No. 1 (1999): 29-57.
"The Market for Sulfur Dioxide Emissions." Joskow, Paul L., Richard L. Schmalensee and Elizabeth M. Bailey. American Economic Review Vol. 88, No. 4 (1998): 669-685.
"Some Economic Principles for Guiding Antitrust Policy Towards Joint Ventures." Chang, Howard H., David S. Evans, and Richard L. Schmalensee. Columbia Business Law Review (1998): 223-329.
"An Interim Evaluation of Sulfur Dioxide Emissions Trading." Schmalensee, Richard L., Paul L. Joskow, A. Denny Ellerman, Juan Pablo Montero, and Elizabeth M. Bailey. Journal of Economic Perspectives Vol. 12, No. 3 (1998): 53-68.
"The Political Economy of Market-Based Environmental Policy: The US Acid Rain Policy." Joskow, Paul L., and Richard L.Schmalensee. Journal of Law and Economics Vol. 41, No. 1 (1998): 37-83.
"An Analysis of the Welfare Effects of Long-Distance Market Entry by an Integrated Access and Long-Distance Provider." Hinton, Paul J., J. Douglas Zona, Richard L. Schmalensee, and William E. Taylor. Journal of Regulatory Economics Vol. 13, No. 2 (1998): 183-196.
"World Carbon Dioxide Emissions: 1950-2050." Schmalensee, Richard L., Thomas Stoker, and Ruth A. Judson. Review of Economics and Statistics Vol. 80, No. 1 (1998): 15-27.
"Ways I Have Worked." Schmalensee, Richard L. The American Economist Vol. 40, No. 2 (1996): 37-43.
"Is There a Role for Benefit-Cost Analysis in Environmental Health and Safety Regulation?" Arrow, Kenneth J., Maureen L. Cropper, George C. Eads, Robert W. Hahn, Lester B. Lave, Roger G. Noll, Paul R. Portney, Milton Russell, Richard L. Schmalensee, V. Kerry Smith and Robert N. Stavins. Science Vol. 272, No. 5259 (1996): 221-222.
"What Have We Learned About Privatization and Regulatory Reform." Schmalensee, Richard L. Revista de Análisis Económico Vol. 10, No. 2 (1995): 21-39.
"The Benefits of Releasing the Bell Companies from the Interexchange Restrictions." Brandon, Paul S., and Richard L. Schmalensee. Managerial and Decision Economics Vol. 16, No. 4 (1995): 349-364.
"Economic Aspects of Payment Card Systems and Antitrust Policy Toward Joint Ventures." Evans, David S., and Richard L. Schmalensee. Antitrust Law Journal Vol. 63, No. 3 (1995): 861-901.
"Privatization in Russia: What Should Be a Firm?" Joskow, Paul L. and Richard L. Schmalensee. International Journal of the Economics of Business Vol. 2, No. 2 (1995): 297-327.
"Competition Policy in Russia During and After Privatization." Joskow, Paul L., Richard L. Schmalensee, and Natalia Tsukanova. Brookings Papers on Economic Activity, Microeconomics (1994): 301-374.
"Comparing Greenhouse Gases for Policy Purposes." Schmalensee, Richard L. Energy Journal Vol. 14, No. 1 (1993): 245-255.
"Symposium on Global Climate Change." Schmalensee, Richard L. Journal of Economic Perspectives Vol. 7, No. 4 (1993): 3-10.
"Sunk Cost and Market Structure: A Review Article." Schmalensee, Richard L. Journal of Industrial Economics Vol. 40, No. 2 (1992): 125-134.
"Comment on Mannering and Winston." Schmalensee, Richard L. Brookings Papers on Economic Activity: Microeconomics (1991): 107-110.
"A Comprehensive and Balanced Energy Policy." Schmalensee, Richard L. Environmental Forum Vol. 8, (1991): 41-42.
"Continuity and Change in the Economics Industry." Schmalensee, Richard L. Economic Journal Vol. 101, No. 404 (1991): 115-121.
"Comment on Katz and Ordover." Schmalensee, Richard L. Brookings Papers on Economic Activity: Microeconomics (1990): 194-197.
"An Expository Note on Depreciation and Profitability under Rate-of-Return Regulation." Schmalensee, Richard L. Journal of Regulatory Economics Vol. 1, No. 3 (1989): 293-298.
"Good Regulatory Regimes." Schmalensee, Richard L. RAND Journal of Economics Vol. 20, No. 3 (1989): 417-436.
"Intra-Industry Profitability Differences in U.S. Manufacturing: 1953-1983." Schmalensee, Richard L. Journal of Industrial Economics Vol. 37, No. 4 (1989): 337-357.
"Perceptual Maps and the Optimal Location of New Products: An Integrative Essay." Schmalensee, Richard L., and Jacques-Frangois Thisse. International Journal of Research in Marketing Vol. 5, No. 4 (1988): 225-249.
"Industrial Economics: An Overview." Schmalensee, Richard L. Economic Journal Vol. 98, No. 392 (1988): 643-681.
"Competitive Advantage and Collusive Optima." Schmalensee, Richard L. International Journal of Industrial Organization Vol. 5, No. 4 (1987): 351-367.
"Horizontal Merger Policy: Problems and Changes." Schmalensee, Richard L. Journal of Economic Perspectives Vol. 1, No. 2 (1987): 41-54.
"Collusion versus Differential Efficiency: Testing Alternative Hypotheses." Schmalensee, Richard L. Journal of Industrial Economics Vol. 35, No. 4 (1987): 399-425.
"The Empirical Renaissance in Industrial Economics: An Overview." Bresnahan, Timothy F., and Richard L. Schmalensee. Journal of Industrial Economics Vol. 35, No. 4 (1987): 371-378.
"Ease of Entry: Has the Concept Been Too Readily Applied." Schmalensee, Richard L. Antitrust Law Journal Vol. 56, No. 1 (1987): 41-51.
"The Performance of Coal-Burning Electric Generating Units in the United States: 1960-1980." Joskow, Paul L. and Richard L. Schmalensee. Journal of Applied Econometrics Vol. 2, No. 2 (1987): 85-109.
"Incentive Regulation for Electric Utilities." Joskow, Paul, and Richard L. Schmalensee. Yale Journal on Regulation Vol. 4, No. 1 (1986): 1-49.
"Estimated Parameters as Independent Variables: An Application to the Costs of Electric Generating Units." Schmalensee, Richard L., and Paul L. Joskow. Journal of Econometrics Vol. 31, No. 3 (1986): 275-305.
"Do Markets Differ Much?" Schmalensee, Richard L. American Economic Review Vol. 75, No. 3 (1985): 341-351.
"Econometric Diagnosis of Competitive Localization." Schmalensee, Richard L. International Journal of Industrial Organization Vol. 3, No. 1 (1985): 57-70.
"Adversary Hydro Relicensing Applications: Using Economic Efficiency Criteria." Joskow, Paul L., and Richard L. Schmalensee. Public Utilities Fortnightly Vol. 114, No. 13 (1984): 22-28.
"Imperfect Information and the Equitability of Competitive Prices." Schmalensee, Richard L. Quarterly Journal of Economics Vol. 99, No. 3 (1984): 441-460.
"Estimating Effective Concentration in Deregulated Wholesale Electricity Markets." Schmalensee, Richard L., and Bennett W. Golub. The RAND Journal of Economics Vol. 15, No. 1 (1984): 12-26.
"Gaussian Demand and Commodity Bundling." Schmalensee, Richard L. Journal of Business Vol. 57, No. 1 (1984): S211-S230.
"The Impact of Scale and Media Mix on Advertising Agency Costs." Schmalensee, Richard L., Alvin J. Silk, and Robert Bojanek. Journal of Business Vol. 56, No. 4 (1983): 453-475.
"Advertising and Entry Deterrence: An Exploratory Model." Schmalensee, Richard L. Journal of Political Economy Vol. 91, No. 4 (1983): 636-653.
"George Stigler's Contributions to Economics." Schmalensee, Richard L. Scandinavian Journal of Economics Vol. 85, No. 1 (1983): 77-86.
"Product Differentiation Advantages of Pioneering Brands." Schmalensee, Richard L. American Economic Review Vol. 72, No. 3 (1982): 349-365.
"Antitrust and the New Industrial Economics." Schmalensee, Richard L. American Economic Review Vol. 72, No. 2 (1982): 24-28.
"Cartel Deception in Markets for Nonrenewable Resources." Lewis, Tracy R. and Richard Schmalensee. Bell Journal of Economics Vol. 13, No. 1 (1982): 263-271.
"Commodity Bundling by Single-Product Monopolies." Schmalensee, Richard L. Journal of Law and Economics Vol. 25, No. 1 (1982): 67-71.
"Comment on Beales, Craswell, and Salop." Schmalensee, Richard L. Journal of Law and Economics Vol. 24, No. 3 (1981): 541-544.
"Economies of Scale and Barriers to Entry." Schmalensee, Richard L. Journal of Political Economy Vol. 89, No. 6 (1981): 1228-1238.
"Monopolistic Two-Part Pricing Arrangements." Schmalensee, Richard L. Bell Journal of Economics Vol. 12, No. 2 (1981): 445-466.
"Risk and Return on Long-Lived Tangible Assets." Schmalensee, Richard L. Journal of Financial Economics Vol. 9, No. 2 (1981): 185-205.
"Output and Welfare Implications of Monopolistic Third-Degree Price Discrimination." Schmalensee, Richard L. American Economic Review Vol. 71, No. 1 (1981): 242-247.
"On Oligopolistic Markets for Nonrenewable Natural Resources." Lewis, Tracy R., and Richard L. Schmalensee. Quarterly Journal of Economics Vol. 95, No. 3 (1980): 475-491.
"Advertising and Aggregate Consumption:  An Analysis of Causality." Ashley, Richard, Clive Granger, and Richard L. Schmalensee. Econometrica Vol. 48, No. 5 (1980): 1149-1168.
"Appropriate Government Policy Toward Commercialization of New Energy Supply Technologies." Schmalensee, Richard L. Energy Journal Vol. 1, No. 2 (1980): 1-40.
"Nonconvexity and Optimal Harvesting Strategies for Renewable Resources." Lewis, Tracy R., and Richard L. Schmalensee. Canadian Journal of Economics Vol. 12, No. 4 (1979): 667-691.
"Market Structure, Durability, and Quality: A Selective Survey." Schmalensee, Richard L. Economic Inquiry Vol. 17, No. 2 (1979): 177-198.
"On the Use of Economic Models in Antitrust: The ReaLemon Case." Schmalensee, Richard L. University of Pennsylvania Law Review Vol. 127, No. 4 (1979): 994-1050.
"Entry Deterrence in the Ready-to-Eat Breakfast Cereal Industry." Schmalensee, Richard L. Bell Journal of Economics Vol. 9, No. 2 (1978): 305-327.
"Life-Cycle Costing for Consumers of Energy-Conserving Devices." Penner, Stanford S., Michael R. Brambley, and Richard L. Schmalensee. Energy Vol. 3, No. 4 (1978): 415-419.
"A Model of Advertising and Product Quality." Schmalensee, Richard. Journal of Political Economy Vol. 87, No. 3 (1978): 485-504.
"A Note on Economies of Scale and Natural Monopoly in the Distribution of Public Utility Services." Schmalensee, Richard L. Bell Journal of Economics Vol. 9, No. 1 (1978): 270-276.
"Common Stock Volatility Expectations Implied by Option Premia." Schmalensee, Richard L., and Robert R. Trippi. Journal of Finance Vol. 33, No. 1 (1978): 129-147.
"Nonconvexity and Optimal Exhaustion of Renewable Resources." Lewis, Tracy, and Richard L. Schmalensee. International Economic Review Vol. 18, No. 3 (1977): 535-552.
"Comparative Static Properties of Regulated Airline Oligopolies." Schmalensee, Richard L. Bell Journal of Economics Vol. 8, No. 2 (1977): 565-576.
"Using the H Index of Concentration with Published Data." Schmalensee, Richard L. Review of Economics and Statistics Vol. 59, No. 2 (1977): 186-193.
"Valuing Changes in Regulated Firms' Input Prices." Schmalensee, Richard L. Southern Economic Journal Vol. 43, No. 3 (1977): 1346-1351.
"Is More Competition Necessarily Good." Schmalensee, Richard L. Industrial Organization Review Vol. 4, No. 2 (1976): 120-121.
"Public Investment Criteria, Insurance Markets, and Income Taxes." Schmalensee, Richard L. Journal of Public Economics Vol. 6, No. 4 (1976): 425-445.
"A Model of Promotional Competition in Oligopoly." Schmalensee, Richard L. Review of Economic Studies Vol. 43, No. 3 (1976): 493-507.
"Advertising and Profitability:  Further Implications of the Null Hypothesis." Schmalensee, Richard L. Journal of Industrial Economics Vol. 25, No. 1 (1976): 45-54.
"Resource Exploitation Theory and the Behavior of the Oil Cartel." Schmalensee, Richard L. European Economic Review Vol. 7, No. 3 (1976): 257-279.
"Another Look at the Social Valuation of Input Price Changes." Schmalensee, Richard L. American Economic Review Vol. 66, No. 1 (1976): 239-243.
"An Experimental Study of Expectation Formation." Schmalensee, Richard L. Econometrica Vol. 44, No. 1 (1976): 17-41.
"Alternative Models of Bandit Selection." Schmalensee, Richard L. Journal of Economic Theory Vol. 10, (1975): 333-342.
"Consumer Behavior versus Economic Theory." Schmalensee, Richard L. Recherches Economiques de Louvain Vol. 40, No. 3 (1974): 261-276.
"Estimating the Costs and Benefits of Utility Regulation." Schmalensee, Richard L. Quarterly Review of Economics and Business Vol. 14, (1974): 51-64.
"Brand Loyalty and Barriers to Entry." Schmalensee, Richard L. Southern Economic Journal Vol. 40, No. 4 (1974): 579-588.
"Market Structure, Durability, and Maintenance Effort." Schmalensee, Richard L. Review of Economic Studies Vol. 41, No. 2 (1974): 277-287.
"A Note on the Theory of Vertical Integration." Schmalensee, Richard L. Journal of Political Economy Vol. 81, No. 2 (1973): 442-449.
"Option Demand and Consumer's Surplus: Valuing Price Changes Under Uncertainty." Schmalensee, Richard L. American Economic Review Vol. 62, No. 5 (1972): 813-834.
"A Note on Monopolistic Competition and Excess Capacity." Schmalensee, Richard L. Journal of Political Economy Vol. 80, No. 3 (1972): 586-591.
"Consumer's Surplus and Producer's Goods." Schmalensee, Richard L. American Economic Review Vol. 61, No. 4 (1971): 682-687.
"Regulation and the Durability of Goods." Schmalensee, Richard L. The Bell Journal of Economics and Management Science Vol. 1, No. 1 (1970): 54-64.
Matchmakers: The New Economics of Multisided Platforms. Evans, David, and Richard L. Schmalensee. Boston, MA: Harvard Business Review Press, 2016.
Modernizing Freight Rail Regulation. Schmalensee, Richard L., Kenneth D. Boyer, Jerry Ellig, José A. Gómez-Ibáñez, Anne V. Goodchild, Wesley W. Wilson, and Frank A. Wolak. Washington, D.C.: The National Academies Press, 2015.
The Future of Solar Energy. Schmalensee, Richard L. (Chair). Cambridge, MA: MIT Energy Initiative, 2015.
The Causes and Effects of Deregulation, Volumes I and II. MacAvoy, Paul, and Richard L. Schmalensee (Eds.). Cheltenham, England: Edward Elgar, 2014.
The Future of the Electric Grid. Kassakian, John G., and Richard L. Schmalensee (Co-chairs). Cambridge, MA: MIT Energy Initiative, 2011.
Harnessing Renewable Energy in Electric Power Systems. Moselle, Boaz, Jorge Padilla, and Richard L. Schmalensee (Eds.). Washington, DC: RFF Press, 2010.
Catalyst Code. Evans, David S., and Richard L. Schmalensee. Boston, MA: Harvard Business Review Press, 2007.
Invisible Engines: How Software Platforms Drive Innovation and Create Value. Evans, David S., Aandrei Hagriu, and Richard L. Schmalensee. Cambridge, MA: MIT Press, 2006.
Paying with Plastic: The Digital Revolution in Buying and Borrowing, Second Edition. Evans, David, and Richard ​L. Schmalensee. Cambridge, MA: MIT Press, 2005.
Management: Inventing and Delivering Its Future. Kochan, Thomas A., and Richard L. Schmalensee (Eds.). Cambridge, MA: MIT Press, 2003.
Markets for Clean Air: The U.S. Acid Rain Program. A. Denny Ellerman, Paul L. Joskow, Juan-Pablo Monero, Richard L. Schmalensee, and Elizabeth M. Bailey. Cambridge, England : Cambridge University Press, 2000.
Did Microsoft Harm Consumers? Two Opposing Views. Evans, David S., Franklyn M. Fisher, Daniel L. Rubinfeld, and Richard L. Schmalensee. Washington, D.C.: AEI Press, 2000.
Paying with Plastic: The Digital Revolution in Buying and Borrowing, First Edition. Evans, David, and Richard ​L. Schmalensee. Cambridge, MA: MIT Press, 1999.
Handbook of Industrial Organization. Schmalensee, Richard L., and Robert Willig (Eds.). Amsterdam, The Netherlands: North Holland, 1989.
Economics. Fischer, Stanley, Rudiger Dornbusch, and Richard L. Schmalensee. New York, NY: McGraw-Hill, 1988.
The Empirical Renaissance in Industrial Economics. Bresnahan, Timothy, and Richard L. Schmalensee (Eds.). Oxford, England: Basil Blackwell, 1987.
Markets for Power: An Analysis of Electric Utility Deregulation. Joskow, Paul, and Richard L. Schmalensee. Cambridge, MA: MIT Press, 1983.
The Control of Natural Monopolies. Schmalensee, Richard L. Lanham, MD: Lexington Books, 1979.
An Introduction to Applied Macroeconomics. Kuh, Edwin, and Richard L. Schmalensee. Amsterdam, The Netherlands: North Holland, 1973.
Applied Microeconomics: Problems in Estimation, Forecasting and Decision-Making. Schmalensee, Richard L. San Francisco, CA: Holden-Day, 1973.
The Economics of Advertising (Vol. 80, Contributions to Economic Analysis). Schmalensee, Richard L. Amsterdam, The Netherlands: North Holland, 1972.
"Multi-sided Platforms." 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.
"The Role of Market Definition in Assessing Anticompetitive Harm in Ohio v. American Express." Evans, David S. and Richard Schmalensee. CPI Antitrust Chronicle, June 2019.
"Learning from Thirty Years of Cap & Trade." Schmalensee, Richard and Robert N. Stavins. Resources, May 2019.
"Handicapping the High-Stakes Race to Net Zero." Schmalensee, Richard. Milken Institute Review, September 2018.
"Licensing Standard-Essential Patents: Microsoft v. Motorola (2015)." 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.
"Ignoring Two-Sided Business Reality Can Also Hurt Plaintiffs." Evans, David S., and Richard Schmalensee. CPI Antitrust Chronicle, April 2018.
"Brief for Amici Curiae Prof. David S. Evans and Prof. Richard Schmalensee in Support of Respondents." David S. Evans and Richard Schmalensee. In The matter of State of Ohio, et al., v. American Express Company, et al. before the U.S. Supreme Court (Case 16-1454), filed January 23, 2018, New York, NY: January 2018.
"Debunking the ‘Network Effects’ Bogeyman." Evans, David S., and Richard Schmalensee. Regulation, January 2018.
"Network Effects: March to the Evidence, Not to the Slogans." Evans, David S., and Richard L. Schmalensee. Antitrust Chronicle, August 2017.
"Brief of Dr. David S. Evans and Prof. Richard Schmalensee as Amici Curiae in Support of Appellants-Cross Appellees." David S. Evans, and Richard L. Schmalensee. In The matter of U.S. Airways v. Sabre before the Second Circuit Court of Appeals (Case 17-960), New York, NY: July 2017.
"Comment on ‘Market and Management Failures’ (by Pankaj Ghemawat)." Schmalensee, Richard L. Capitalism and Society, 2017.
"​Chapter 8: The Future of the US Electric Grid." Schmalensee, Richard L. In Perspectives on Complex Global Challenges: Education, Energy, Healthcare, Security, and Resilience, edited by Charles M. Vest, Elizabeth Pate-Cornell, WIlliam B. Rouse, 73-80. Hoboken, NJ: Wiley, 2016.
"Chapter 18: The Antitrust Analysis of Multi-Sided Platform Businesses." Evans, David S., and Richard L. Schmalensee. In Oxford Handbook of International Antitrust Economics, edited by D. Daniel Sokol, Roger D. Blair, 404-447. Oxford, England: Oxford University Press, 2015.
"Deregulation: Introduction and Overview." Schmalensee, Richard L. In The Causes and Effects of Deregulation, edited by Paul W. MacAvoy, Richard L. Schmalensee, IX-XV. Cheltenham, UK: Edward Elgar, 2014.
"Chapter 5: The Future of the (U.S.) Electric Grid." Jacoby, Henry D., John Kassakian, and Richard L. Schmalensee. In Handbook on Energy and Climate Change, edited by Roger Fouquet, 125-139. Northampton, MA: Edward Elgar, 2013.
"Summary for Policy Makers." Mort Webster, and Richard L. Schmalensee. In Report from Growing Concerns, Possible Solutions: The Interdependency of Natural Gas and Electricity Systems, Cambridge, MA: April 2013.
"Policy Challenges and Technical Opportunities on the U.S. Grid." Schmalensee, Richard L., Timothy D. Heidel, and John G. Kassakian. IEEE Power & Energy Magazine, June 2012.
"Gridlock in 2030." Heidel, Timothy D., John G. Kassakian, and Richard L. Schmalensee. In Public Utilities Fortnightly, Reston, VA: January 2012.
"AT&T/T-Mobile: Does Efficiency Really Count?" Chang, Howard, David S. Evans, and Richard L. Schmalensee. Competition Policy International, October 2011.
"Epilogue." Schmalensee, Richard L. In Post-Kyoto International Climate Policy: Implementing Architectures for Agreement, edited by Joseph E. Aldy, Robert N. Stavins, 889-898. Cambridge, UK: Cambridge University Press, 2010.
"Chapter 1: Toward a Low-Carbon Future in Electricity?" Schmalensee, Richard L., Boaz Moselle and Jorge Padilla. In Harnessing Renewable Energy in Electric Power Systems, edited by Boaz Moselle, Jorge Padilla, Richard L. Schmalensee, 1-4. London, UK: RFF Press, 2010.
"Chapter 11: Renewable Electricity Generation in the United States." Schmalensee, Richard L. In Harnessing Renewable Energy in Electric Power Systems, edited by Boaz Moselle, Jorge Padilla, Richard L. Schmalensee, 209-232. London, UK: RFF Press, 2010.
"Epilogue – Whither Renewable Generation?" Schmalensee, Richard L., Boaz Moselle, and Jorge Padilla. In Harnessing Renewable Energy in Electric Power Systems, edited by Boaz Moselle, Jorge Padilla, Richard L. Schmalensee, 328-333. London, UK: RFF Press, 2010.
"Should New Merger Guidelines Give UPP Market Definition?" Schmalensee, Richard L. GCP: The Antitrust Chronicle, December 2009.
"Chapter 3: Innovation and Evolution of the Payments Industry." Schmalensee, Richard L., and David S. Evans. In Moving Money, edited by Martin N. Baily, Robert E. Litan, 36-76. Washington, D.C.: Brookings Institution Press, 2009.
"Chapter 2: Thoughts on the Chicago Legacy in Antitrust." Schmalensee, Richard L. In Where the Chicago School Overshot the Mark: The Effect of Conservative Economic Analysis on U.S. Antitrust, edited by Robert Pitofsky, 11-23. New York, NY: Oxford University Press, 2008.
"Economic Analysis of Class Certification." Schmalensee, Richard L. Global Competition Policy, June 2008.
"Pick your Pricing." Evans, David S., and Richard L. Schmalensee. Chief Executive, August 2007.
"Where’s the ‘B’ in B-Schools?" Schmalensee, Richard L. Business Week, November 2006.
"Software Platforms." Evans, David S., Andrei Hagiu, and Richard L. Schmalensee. In Industrial Organization and the Digital Economy, edited by Gerhard Illig, Martin Peitz, 31-70. Cambridge, MA: MIT Press, 2006.
"El Debate Sobre las Tasas de Intercambio: Una Visión de Conjunto." Evans, David S., and Richard L. Schmalensee. bio: Una Visión de Conjunto” (with D.S. Evans). Papeles de Economia Española, Número Extraordinario, 2006.
"The Economics of Interchange Fees and Their Regulation: An Overview." Schmalensee, Richard L., and David S. Evans. In Interchange Fees in Credit and Debit Card Industries: What Role for Public Authorities?, 77-120. Kansas City, MO: Federal Reserve Bank of Kansas City, 2005.
"The Retailer Class Action Antitrust Case Against the Card Associations." David S. Evans, Howard H. Chang, David G. Blanchflower, Richard L. Schmalensee, and Christian Ahlborn. In The Payment Card Economics Review, Vol. 2, Cambridge, MA: January 2004.
"Chapter 3: Has the Consumer Harm Standard Lost its Teeth?" Chang, Howard H., David S. Evans, and Richard Schmalensee. In High Stakes Antitrust: The Last Hurrah?, edited by Robert W. Hahn, 45-71. Washington, D.C.: Brookings Institution Press, 2003.
"Chapter 1: Introduction." Kochan, Thomas A., and Richard Schmalensee. In Management: Inventing and Delivering Its Future, edited by Richard Schmalensee, Thomas A. Kochan, 1-13. Cambridge, MA: MIT Press, 2003.
"Interchange Fees: A Review of the Literature." Richard L. Schmalensee. In The Payment Card Economics Review, Vol. 1, Cambridge, MA: 2003.
"Comments on 'Antitrust Policy in the Clinton Administration'." Schmalensee, Richard L. American Economic Policy in the 1990s, April 2002.
"Chapter 1: Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries." Evans, David S., and Richard L. Schmalensee. In Innovation Policy and the Economy, edited by Adam Jaffe, Josh Lerner, Scott Stern, 1-49. Cambridge, MA: MIT Press, 2002.
"Lessons from the Microsoft Case." Schmalensee, Richard L. European Investment Bank Lecture Series, 2002.
"The Economics of the Microsoft Case: A Post-Trial Primer." Schmalensee, Richard L. In Trial and Error: United States v. Microsoft, edited by Erick R. Gustafson, Paul Beckner, 70-86. Washington, D.C.: Citizens for a Sound Economy, 2001.
"A Monopolist Would Still Charge More for Windows: A Comment on Werden." Reddy, Bernard, David Evans, Albert Nichols, and Richard L. Schmalensee. Review of Industrial Organization, May 2001.
"A Monopolist would Still Charge More for Windows: A Comment on Werden’s Reply." Reddy, Bernard, David Evans, Albert Nichols, and Richard L. Schmalensee. Review of Industrial Organization, May 2001.
"Commentary." Richard L. Schmalensee. In Climate Change Policy: Practical Strategies to Promote Economic Growth and Environmental Quality, edited by Charles E. Walker, Margo Thorning, Mark A. Bloomfield, Washington, D.C.: December 1999.
"Comment on Competition, Information, and Development." Richard L. Schmalensee, and Jean-Jacques Laffont. In Annual World Bank Conference on Development Economics 1998, edited by Boris Pleskovic, Joseph E. Stiglitz, Washington, D.C.: April 1999.
"Tradable Emissions Rights and Joint Implementation for Greenhouse Gas Abatement: A Look Under the Hood." Schmalensee, Richard L. In The Impact of Climate Change Policy on Consumers: Can Tradaeble Permits Reduce the Cost?, edited by Charles E. Walker, Margo Thorning, Mark A. Bloomfield, 39-55. Washington, DC: American Council for Capital Formation, 1998.
"Ways I Have Worked." Schmalensee, Richard L. In Passion and Craft: How Economists Work, edited by Michael Szenberg, 243-255. Ann Arbor: MI: University of Michigan Press, 1998.
"Chapter 5: Greenhouse Policy Architectures and Institutions." Schmalensee, Richard L. In Economics and Policy Issues in Climate Change, edited by William D. Nordhaus, 137-158. Washington, DC: RFF Press, 1998.
"Kyoto's Unfinished Business." Jacoby, Henry D., Ronald G. Prinn, and Richard L. Schmalensee. Foreign Affairs, August 1998.
"Case 12: Joint Venture Membership: Visa and Discover Card." Schmalensee, Richard L., and David S. Evans. In The Antitrust Revolution, edited by John Kwoka, Lawrence White, 286-309. Oxford, UK: Oxford University Press, 1998.
"Privatization in Russia: What Should Be a Firm?" Joskow, Paul L., and Richard L. Schmalensee. In Transaction Cost Economics: Recent Developments, edited by Claude Menard, 86-126. Brookfield, VT: Edward Elgar, 1997.
"What Does Stabilizing Greenhouse Gas Concentrations Mean?" Schmalensee, Richard, Henry Donnan Jacoby, and David M. Reiner. In Critical Issues in the Economics of Climate Change, edited by Brian P. Flannery, Duane G. LeVine, Klaus R. Kohlhase, 225-244. London, UK: IPIECA, 1997.
"Commentary." Schmalensee, Richard L. Climate Change Policy, Risk Prioritization, and Economic Growth, 1997.
"A Guide to the Antitrust Economics of Networks." Schmalensee, Richard L., and David S. Evans. Antitrust Magazine, April 1996.
"Commentary." Schmalensee, Richard L. Strategies for Improving Environmental Policy and Increasing Economic Growth, 1995.
"Green Costs and Benefits: The Buck Stops Where?" Richard L. Schmalensee. In Environment Strategy America 1994/1995, edited by W. K. Reilly, London, England: December 1994.
"Review of Nonlinear Pricing." Schmalensee, Richard L. Review of Nonlinear Pricing, by Robert Wilson. Journal of Political Economy, December 1994.
"The Costs of Environmental Protection." Schmalensee, Richard L. In Balancing Economic Growth and Environmental Goals, 55-80. Washington, DC: American Council for Capital Formation Center for Policy Research, 1994.
"Review." Schmalensee, Richard L. Review of Counting the Cost of Global Warming, by John Broome. Journal of Economic Literature, June 1994.
"The Economics of the Payment Card Industry." Richard L. Schmalensee, and David S. Evans. Cambridge, MA: 1993.
"Continuity and Change in the Economics Industry." Schmalensee, Richard L. In The Future of Economics, edited by John D. Hey, 115-121. Oxford, UK: Basil Blackwell, 1992.
"Entry Deterrence in the Ready-to-Eat Breakfast Cereal Industry." Schmalensee, Richard L. In Market Strategy and Structure, edited by Alec Gee, George Norman, 84-111. London, UK: Harvester Wheatsheaf, 1992.
"Chapter 5: Agreements Between Competitors." Schmalensee, Richard L. In Antitrust, Innovation, and Competitiveness, edited by David J. Teece, Thomas M. Jorde, 98-118. Oxford, UK: Oxford University Press, 1992.
"Commentary." Schmalensee, Richard L. U.S. Environmental Policy and Economic Growth: How Do We Fare, 1992.
"Chapter 6: How Should We Address Economic Costs of Climate Change?" Schmalensee, Richard L. In Global Climate Change: The Economic Costs of Mitigation and Adaptation, edited by Carole N. Beal, James C. White, William Wagner, 73-76. New York, NY: Springer, 1991.
"Industrial Economics: An Overview." Schmalensee, Richard L. In Surveys in Economics, edited by A. J. Oswald, 51-89. Oxford, UK: Basil Blackwell, 1991.
"Chapter 1: Economías del Tamaño Empresarial y Poder de Mercado." Schmalensee, Richard L. In Concentración Empresarial y Competitividad: España en la C.E.E., edited by Jordi Gual, Xavier Vives, 55-67. Barcelona, Spain: Ariel Economía, 1990.
"Innovación y Posición Competitiva." Schmalensee, Richard L. In Concentración Empresarial y Competitividad: España en la C.E.E., edited by Jordi Gual, Xavier Vives, 119-131. Barcelona, Spain: Ariel Economía, 1990.
"Chapter 7: Empirical Models of Rivalrous Behavior." Schmalensee, Richard L. In Industrial Structure in the New Industrial Economics, edited by Dario Brandolini, Giacomo Bonanno, 138-167. Oxford, UK: Oxford University Press, 1990.
"Commentary." Schmalensee, Richard L. Environmental Policy and the Cost of Capital, 1990.
"Chapter 16: Inter-Industry Studies of Structure and Performance." Schmalensee, Richard L. In Handbook of Industrial Organization, edited by Richard L. Schmalensee, Robert D. Willig, 951-1009. Amsterdam, The Netherlands: North-Holland, 1989.
"Regulation and Antitrust in the Bush Administration." Schmalensee, Richard L. Antitrust Law Journal, August 1989.
"Chapter 9: The Potential of Incentive Regulation." Schmalensee, Richard L. In The Market for Energy, edited by David Thompson, Dieter Helm, John Kay, 178-187. Oxford, UK: Clarendon Press, 1989.
"Review of The Competitive Challenge." Schmalensee, Richard L. Review of The Competitive Challenge, by D. J. Teece. Journal of Economic Literature, December 1988.
"Chapter 2: Standards for Dominant Firm Conduct: What Can Economics Contribute." Schmalensee, Richard L. In The Economics of Market Dominance, edited by Donald Hay, John Vickers, 61-88. Oxford, UK: Basil Blackwell, 1987.
"Advertising." Schmalensee, Richard L. In The New Palgrave, edited by John Eatwell, Murray Milgate, Peter Newman, 34-36. New York, NY: Macmillan, 1987.
"George Stigler's Contributions to Microeconomics and Industrial Organization." Schmalensee, Richard L. In The New Palgrave, edited by John Eatwell, Murray Milgate, Peter Newman, 499-500. New York, NY: Macmillan, 1987.
"Industrial Organization." Schmalensee, Richard L. In The New Palgrave, edited by John Eatwell, Murray Milgate, Peter Newman, 803-808. New York, NY: Macmillan, 1987.
"Chapter 13: Advertising and Market Structure." Schmalensee, Richard L. In New Developments in the Analysis of Market Structure, edited by Richard L. Schmalensee, 373-396. Cambridge, MA: MIT Press, 1986.
"Comments." Schmalensee, Richard L. Telecommunications Access and Public Policy, September 1984.
"Review of Barriers to Entry." Schmalensee, Richard L. Review of Barriers to Entry, by C. C. von Weizsacker. Journal of Economic Literature, June 1983.
"Chapter 10: The New Industrial Organization and the Economic Analysis of Modern Markets." Schmalensee, Richard L. In Advances in Economic Theory, edited by Werner Hildenbrand, 253-285. Cambridge, UK: Cambridge University Press, 1982.
"Chapter 5: Optimal Use of Renewable Resources with Nonconvexities in Production." Lewis, Tracy R., and Richard L. Schmalensee. In Essays in the Economics of Renewable Resources, edited by Daniel F. Spulber, Leonard J. Mirman, 95-111. Amsterdam, The Netherlands: North-Holland, 1982.
"Another Look at Market Power." Schmalensee, Richard L. Harvard Law Review, June 1982.
"Income-Distributional Concerns in Regulatory Policymaking: Comment." Schmalensee, Richard L. Studies in Public Regulation, September 1981.
"Remarks." Schmalensee, Richard L. The Conglomerate Corporation, 1981.
"Chapter 8: Cartel and Oligopoly Pricing of Nonreplenishable Natural Resources." Lewis, Tracy R., Richard L. Schmalensee. In Dynamic Optimization and Mathematical Economics, edited by Pan-Tai Liu, 133-156. New York, NY: Plenum, 1980.
"On the Use of Economic Models in Antitrust: The ReaLemon Case." Schmalensee, Richard L. In Antitrust Law and Economics, edited by Oliver E. Williamson, 97-153. Houston, TX: Dame, 1980.
"Promoting Competition in Tomorrow's Markets for Solar Energy Systems." Richard L. Schmalensee. In The Solar Market: Proceedings of the Symposium on Competition in the Solar Energy Industry, Washington, D.C.: December 1978.
"Advertising, Concentration, and Profits: Comment." Schmalensee, Richard L. Issues in Advertising: The Economics of Persuasion, 1978.
"Option Demand and Consumer's Surplus: Reply." Schmalensee, Richard L. American Economic Review, September 1975.
"Measuring External Effects of Solid Waste Management." Richard L. Schmalensee, Ramachandra Ramanthan, Wolfhard Ramm, and Dennis Smallwood. In Socioeconomic Environmental Studies Series, Washington, D.C.: March 1975.
"Theory, Fact, and Policy: A Reply to Professor Barten." Schmalensee, Richard L. Recherches Économiques de Louvain / Louvain Economic Review, March 1975.
"Advertising and Economic Welfare." Schmalensee, Richard L. In Advertising and the Public Interest, edited by S. F. Divita, 82-97. Chicago, IL: American Marketing Association, 1974.
"'The Computer Model of Energy Production without Fast Breeder Reactors' and 'The Computer Model of Fast Breeder Demands and Prices'." Paul W. MacAvoy, and Richard L. Schmalensee. In Economic Strategy for Developing Nuclear Breeder Reactors, edited by Paul W. MacAvoy, Cambridge, MA: 1969.
  • Richard Schmalensee

    Howard W. Johnson Professor of Management, Emeritus

    MIT Sloan School of Management

    100 Main Street

    Cambridge, MA 02142

    Office: E62-525

    Tel: (617) 253-2957

    E-mail: rschmal@mit.edu

    Visit: Richard's MIT Sloan Faculty Page

    Support Staff

    Name: Emily Fairbanks

    Tel: (617) 253-8959

    E-mail: manninge@mit.edu

  • Connect with Richard