Richard Schmalensee

Richard Schmalensee is an influential American economist known for his work in industrial organization, the study of how firms operate and compete within markets. He has extensively researched topics like market structure, competition, and regulatory policy. Schmalensee served as the Dean of the MIT Sloan School of Management and has contributed to various public policy discussions, particularly concerning energy and environmental issues. His insights help inform understanding of how markets function and the impact of competition on innovation and consumer welfare. His work bridges academic research and practical applications in business and government.