Richard L. Schmalensee
Encyclopedia
Richard Lee "Dick" Schmalensee is the John C. Head III Dean, Emeritus and the Howard W. Johnson Professor of Management and Economics at the MIT Sloan School of Management
. He holds a joint appointment with the Department of Economics
at MIT
.
Professor Schmalensee is an expert on regulation and antitrust policy, and is known for serving on the President's Council of Economic Advisors as well as his testimony in the Microsoft anti-trust trial, in which he testified as an expert witness in favor of Microsoft
. Frank Fisher, another MIT economist who was Schmalensee's former thesis advisor, also testified in these trials, but in favor of the Department of Justice
that was prosecuting Microsoft. Schmalensee is also an expert on energy and environmental policy and serves on the National Commission on Energy Policy.
Professor Schmalensee's most recent book is Catalyst Code
(with David S. Evans), which deals with the management problems faced by multi-sided platform businesses. He is Chairman of Market Platform Dynamics, a consulting firm focused on such businesses, and a Director of LECG
.
Schmalensee received his S.B. and Ph.D. in Economics
from MIT
.
MIT Sloan School of Management
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts....
. He holds a joint appointment with the Department of Economics
MIT Department of Economics
The MIT Department of Economics is a department of the Massachusetts Institute of Technology in Cambridge, Massachusetts.Undergraduate studies in economics were introduced in the 19th century by institute president Francis Amasa Walker. The department's Ph.D...
at MIT
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
.
Professor Schmalensee is an expert on regulation and antitrust policy, and is known for serving on the President's Council of Economic Advisors as well as his testimony in the Microsoft anti-trust trial, in which he testified as an expert witness in favor of Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
. Frank Fisher, another MIT economist who was Schmalensee's former thesis advisor, also testified in these trials, but in favor of the Department of Justice
United States Department of Justice
The United States Department of Justice , is the United States federal executive department responsible for the enforcement of the law and administration of justice, equivalent to the justice or interior ministries of other countries.The Department is led by the Attorney General, who is nominated...
that was prosecuting Microsoft. Schmalensee is also an expert on energy and environmental policy and serves on the National Commission on Energy Policy.
Professor Schmalensee's most recent book is Catalyst Code
Catalyst Code
Catalyst Code: The Strategies Behind the World’s Most Dynamic Companies is a book by founder David S. Evans and MIT economist Richard L...
(with David S. Evans), which deals with the management problems faced by multi-sided platform businesses. He is Chairman of Market Platform Dynamics, a consulting firm focused on such businesses, and a Director of LECG
LECG
LECG Corporation was a global expert services and consulting firm with more than 700 employees in 11 countries. It provided independent expert testimony on behalf of corporations, produced authoritative studies for industry, and conducted economic and financial analyses on disputes and issues,...
.
Schmalensee received his S.B. and Ph.D. in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
from MIT
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
.