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Strategy
When an Industry Consolidates, What Happens to Wages?
Kellogg Strategy Department
The Strategy Department explores how firms create and capture value, and how they do so in light of their market environments, organizational capabilities, and regulatory constraints. The department's research and teaching are grounded in microeconomics and reflect its commitment to both rigor and relevance.
The department's research spans a wide range of topics, including health, innovation, organizational design, and industrial organization. Faculty use both economic theory and econometrics to explore these issues. The ultimate and unifying goal of the faculty's research is to improve our understanding of markets and organizations. The faculty share the belief that this is best achieved by combining rigorous economics with a deep understanding of institutional context and detail.
The Strategy faculty is at the cutting edge of research and teaching on the economics of organizations, markets, and public policy.
Strategy faculty sit on the editorial boards of leading journals and are frequently sought out for their expertise in business and government affairs. Members of the faculty founded the Journal of Economics and Management Strategy and authored Economics of Strategy, one of the primary textbooks in the field.
The department's research spans a wide range of topics, including health, innovation, organizational design, and industrial organization. Faculty use both economic theory and econometrics to explore these issues. The ultimate and unifying goal of the faculty's research is to improve our understanding of markets and organizations. The faculty share the belief that this is best achieved by combining rigorous economics with a deep understanding of institutional context and detail.
Strategy faculty sit on the editorial boards of leading journals and are frequently sought out for their expertise in business and government affairs. Members of the faculty founded the Journal of Economics and Management Strategy and authored Economics of Strategy, one of the primary textbooks in the field.
Upcoming Events
Benjamin Friedrich
Current work finds that Denmark's parental leave program reduced hospital and nursing home nurse employment by 15% and 10%.
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Elena Prager
Recent research tests whether wage growth slows following employer consolidation by examining hospital mergers.
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David Besanko
Professor Besanko's research covers topics relating to the intersection of competitive strategy and public policy.
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Morale and Debt Dynamics
Daniel Barron, Jin Li, Michal Zator, Management Science, 2021 |
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Nation Building and Education
Bryony Reich, Alberto Alesina, Paola Giuliano, The Economic Journal, 2021 |
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The Power of Referential Advice
Niko Matouschek, Steven Callander, Nicholas Lambert, Journal of Political Economy, 2021 |
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The Returns to Nursing: Evidence from a Parental Leave Program
Benjamin Friedrich, Martin Hackmann, Review of Economic Studies, 2021 |
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Employer Consolidation and Wages: Evidence from Hospitals
Elena Prager, Matt Schmitt, American Economic Review, 2021 |
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Screening in Vertical Oligopolies
Jeroen Swinkels, Hector Chade, Econometrica, 2021 |
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Behavioral Constraints on the Design of Subgame-Perfect Implementation Mechanisms
Ernst Fehr, Michael Powell, Tom Wilkening, American Economic Review, 2021 |
Strategy News
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Biden’s Antitrust Policies Won’t Depart Entirely from Trumps Mark McCareins, Law 360, August 24, 2021 |
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COVID Has Accelerated These 4 Labor Market Trends Benjamin Friedrich, Kellogg Insight, August 11, 2021 |
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Biden picks Big Tech gadfly Jonathan Kanter as DOJ antitrust chief Mark McCareins, New York Post, July 21, 2021 |
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The U.S. Economy Is Still Finding Its Footing. But States Are Doing Pretty Well. Therese McGuire, Kellogg Insight, July 13, 2021 |
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Hospitals, big investors, and insurers bought 22,700 doctors during the pandemic in a race that could shape the future of healthcare David Dranove, Insider, July 09, 2021 |
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