Professor, Michael R. and Mary Kay Hallman Fellow
Chair, Business Economics & Public Policy
University of Michigan
701 Tappan, Room R4310
Ann Arbor, MI 48109-1234
Phone: 734 763 2373
Fax: 734 936 0279
· (with Yao Lu, Xinzheng Shi and Zhufeng Xu) How Does Improvement in Commuting Affect Employees? Evidence from a Natural Experiment (Aug 2019)
· (with Natarajan Balasubramanian, Jin Woo Chang, Mariko Sakakibara, and Evan Starr ) "Locked In? Noncompete Enforceability and the Mobility and Earnings of High-Tech Workers" accepted at Journal of Human Resources.
o Distinguished Paper Award in The Business Policy and Strategy Division, AOM Meeting 2016 (Anaheim California)
· (with Natarajan Balasubramanian and Jeongsik Lee) Deadlines, Work Flows, Work Quality, and Task Sorting Management Science 2018 64(4):1804-1824. https://doi.org/10.1287/mnsc.2016.2663.
o Online Appendix (Including data from surveys of patent attorneys and inventors)
· (with Sutirtha Bagchi) Barriers to Entry and Competitive Behavior: Evidence from Reforms of Cable Franchising Regulations Journal of Industrial Economics, September 2017, 65(3), 510-558.
· (with Ryan Monarch and Jooyoun Park) Domestic Gains from Offshoring? Evidence from TAA-linked U.S. Microdata Journal of International Economics, March 2017, Vol 105, pp. 150–173.
· (with Margaret Levenstein and Valerie Suslow) The Effect of Competition on Trade Patterns: Evidence from the Collapse of International Cartels International Journal of Industrial Organization, March 2015, Vol 39, pp. 56-70.
· (with Amy Dittmar and Sreedhar Bharath) Do Going-Private Transactions Affect Plant Productivity and Investment? Review of Financial Studies, July 2014 27 (7): 1929-1976. (Lead Article)
o An older working paper version
o Harvard Law School Corporate Governance Forum blog post
· with Juan Carlos Hallak) Product and Process Productivity: Implications for Quality choice and Conditional Exporter Premia Journal of International Economics, 91(1), pp. 53-67, September 2013.
o Significantly revised from older NBER working paper (14928) version which is available here
· (with Amil Petrin) Estimating Lost Output from Allocative Inefficiency, with Application to Chile and Firing Costs The Review of Economics and Statistics, March 2013, Vol. 95, No 1, 286-301.
o This is significantly revised from an older/different NBER working paper version available here
o Stata code for production function and gap estimates is available here
o (with Bo Becker) The Effect of Financial Development on the Investment-Cash Flow Relationship: Cross-country Evidence from Europe The B.E. Journal of Economic Analysis & Policy: Vol. 10 : Iss. 1 (Advances), Article 43 (2010).
o Barriers to Competition and Productivity: Evidence from India The B.E. Journal of Economic Analysis & Policy: Vol. 9 : Iss. 1 (Advances), Article 42 (2009). [Finalist for the 2009 Arrow Prize]
o An older working paper version is available here: Capital Liquidity, Productivity Dispersion and Market Structure.
Data on our Capital Resalability/Capital
Liquidity/ Non-sunkenness measure is available here
o (with Francine Lafontaine) Do Labor Market Rigidities have Microeconomic Effects? Evidence from Within the Firm American Economic Journal: Applied Economics, Vol.1, No. 2, April 2009, Pages 88-127
o An non-gated older working paper version is here
Powerpoint slides on
the paper are here
· The Social Impact of Profit-Maximizing Firms (a note, joint with Paul Clyde, Aneel Karnani, Puneet Manchanda, and M.P. Narayanan)
· 2019 Ross School of Business Teaching Excellence Award (Neary Award) for the Full-Time MBA program (based on student nomination and voting)
· 2018 Victor L. Bernard Teaching Leadership Award
Nominated by the Ross MBA Class of 2009, 2011,
2012, 2013 and 2015 for the Ross Teaching Excellence Award ; Nominated by
PhD students for 2009 and 2013 PhD Teaching Excellence Award
; Nominated by PhD students for 2009 and 2013 PhD Teaching Excellence Award
Francine Lafontaine): Applied Industrial Economics, PhD (Elective) Course,
This course covers materials from those areas of industrial organization economics most relevant to business school PhD students, providing foundations for research on economics related topics in business economics, international business, strategy, marketing, operations, finance and other fields. The course also complements the Industrial Organization sequence in the economics department, and as such should be of interest to students from the Economics department who are considering industrial organization as a field or who may be interested in a career in business economics. We review important theoretical advances in each subject area, but the emphasis will be on illustrating the variety of approaches used in empirical research. This focus on applied advances is meant to provide a solid foundation for students interested in pursuing empirical work in their own dissertation, but also to help students interpret existing empirical work and what it can contribute to theory development. This IS NOT a methods class: econometric techniques and other statistical tools are not the primary focus. Instead, the goal will be to understand the empirical methodology, namely the way authors approach the theory, how they derive testable hypotheses, where and how they obtain the necessary data, and finally, how they generate and interpret their results. Topics to be covered vary somewhat from year to year depending on instructor and student interests, but usually include theory of the firm, vertical integration decisions, vertical (channel) relations, industry dynamics, and productivity.