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Baye's research primarily focuses on pricing strategies and their impact on consumer welfare and firm profits. His early papers dealt with the construction of price indices when firms charge different prices for the same product to consumers that have imperfect price information. His later works
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environments where consumers view the products sold by different firms to be close substitutes. Among other things, it shows that optimal pricing strategies by firms and information “gatekeepers” can lead to equilibrium
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Many of these pricing strategies are discussed in his best-selling managerial economics textbook (Managerial
Economics and Business Strategy, 7th Ed.), and are taught to business students around the world.
97:" on consumer welfare. This research contributed to the policy debate of the 1980s by documenting the “cost” of various proposals to delay or repeal the indexation of the US federal income tax code.
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showed that, by appropriately adjusting price indices, cost-of-living measures and real wage indices to account for a progressive income tax, one could quantify the impact of "
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Bureau of
Economics. As director, he advises the FTC on economic policy matters. He is a special consultant for NERA Economic Consulting.
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when firms have identical costs, shoppers are well-informed, and firms’ products are perceived to be identical.
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151:"Michael Baye: Faculty: Kelley School of Business: Indiana University Bloomington"
33:(born April 6, 1958) is the "Bert Elwert" Professor of Business Economics in the
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and industrial organization at the undergraduate, M.B.A., and Ph.D. level.
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As of July 2007, Baye has accepted a position to lead the
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to derive equilibrium strategies in network industries,
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53:in 1980 and earned a Ph.D. in economics from
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100:His more recent work utilizes tools of
57:in 1983. Baye has held appointments at
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282:Krannert School of Management alumni
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198:"Indiana University Bloomington"
272:Texas A&M University alumni
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49:Baye received his B.S. from
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267:Indiana University faculty
35:Kelley School of Business
277:Purdue University alumni
82:Federal Trade Commission
51:Texas A&M University
45:Education and profession
106:industrial organization
75:managerial economics
39:Indiana University
27:American economist
173:"Michael R. Baye"
88:Work in economics
55:Purdue University
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18:Michael Baye
257:1958 births
102:game theory
251:Categories
222:2010-03-14
183:2010-03-14
137:References
122:oligopoly
59:Cambridge
231:cite web
118:contests
114:auctions
110:mergers
71:Tilburg
67:Erasmus
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63:Oxford
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