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Research & Publications

  • "Chapter 2: Strengths and Weaknesses of Traditional Arrangements for Electricity Supply." Schmalensee, Richard. In Handbook on Electricity Markets, edited by Jean-Michel Glachant, Michael Pollitt, and Paul Joskow, 13-35. Cheltenham, UK: Edward Elgar Publishing, 2022.
  • "To Make Decarbonization Work, We Need Prices." Schmalensee, Richard. Milken Institute Review, May 25, 2021.
  • "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. and 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 1, 2018.
  • "Network Effects: March to the Evidence, Not to the Slogans." Evans, David S., and Richard Schmalensee. Antitrust Chronicle, August 27, 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 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.
  • "Multi-sided Platforms." Evans, David S., and Richard Schmalensee. In The New Palgrave Dictionary of Economics, edited by L.E. Blume and S.N. Durlauf, London, UK: Palgrave Macmillan, 2017. Download Paper.
  • "​Chapter 8: The Future of the US Electric Grid." Schmalensee, Richard. In Perspectives on Complex Global Challenges: Education, Energy, Healthcare, Security, and Resilience, edited by Charles M. Vest, Elizabeth Pate-Cornell, and 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 and 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 and 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 and 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, and 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, and 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, and Richard L. Schmalensee, 328-333. London, UK: RFF Press, 2010.
  • "Comment on 'Pharmaceutical Price Discrimination and Social Welfare' (by Frank R. Lichtenberg)." Schmalensee, Richard L. Capitalism and Society, July 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 and 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 27, 2006.
  • "Software Platforms." Evans, David S., Andrei Hagiu, and Richard L. Schmalensee. In Industrial Organization and the Digital Economy, edited by Gerhard Illig and 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 and 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, and 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 and 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, and 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 and 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, and 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 and 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, and 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 and 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 and 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, and 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 and 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 and 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 and 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 and 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, and 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 and John Vickers, 61-88. Oxford, UK: Basil Blackwell, 1987.
  • "Advertising." Schmalensee, Richard L. In The New Palgrave, edited by John Eatwell, Murray Milgate, and 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, and Peter Newman, 499-500. New York, NY: Macmillan, 1987.
  • "Industrial Organization." Schmalensee, Richard L. In The New Palgrave, edited by John Eatwell, Murray Milgate, and 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 and 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

    Professor, Economics, Emeritus

    Dean Emeritus

    MIT Sloan School of Management

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    Cambridge, MA 02142

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