Michael D. Noel

From Wikitia
Jump to navigation Jump to search
Michael D. Noel
Add a Photo
Born1971
Oshawa, Ontario, Canada
NationalityCanadian
CitizenshipCanada
Education
  • Master’s degrees in economics
  • Ph.D. in economics
Alma mater
  • University of Toronto
  • Massachusetts Institute of Technology
Occupation
  • Economist
  • Professor of Economics

Michael D. Noel (born c. 1971) is an American Competition Economist, Professor of Economics at Texas Tech University and director of economic think tank Noel Economics, and a frequent media contributor on competition and antitrust issues[1]. His work on retail gasoline pricing has been influential in competition policy matters in particular.

Early life and education

Noel was raised in Oshawa, Ontario, Canada. He received Bachelor’s and Master’s degrees in economics from the University of Toronto. He received a Ph.D. in economics from the Massachusetts Institute of Technology.[2] He was formerly a professor at the University of California and a Special Consultant to economic research firms NERA and LECG. [3]

Academic research

Noel’s research relates to competition and antitrust issues, most commonly in the oil and gas industry. Noel founded the literature on controversial retail gasoline price cycles, sometimes called Edgeworth cycles, and their causes and effects. [4] His studies were used by competition authorities in antitrust investigations in several countries, including the Federal Trade Commission in the United States, [5], the Australian Competition and Consumer Commission in Australia [6], the Bundeskartellamt in Germany [7], the Comision Nacional de los y la Competencia in Spain [8], and the Konkurrensverket in Sweden [9]. His study on the rollout of an ethanol mandate in Australia generated some controversy and national headlines there. [10] [11] [12]

Noel’s research on competition and antitrust issues in other industries includes studies of supermarkets, lodging, the software industry, banking, and two-sided markets. His work on market definition in the two-sided credit card market was the basis of the U.S. Supreme Court decision in Ohio v. American Express, which considered whether complementary (rather than substitute) products can be included in market definition analysis. [13] [14] [15] His work on rural banking competition led a reevaluation of banking merger guidelines by the Department of Justice. [16] [17]

Noel is a contributor to the Palgrave Dictionary of Economics and editor of the Elgar Encyclopedia on the Economics of Competition and Regulation. [18] He is also a frequent media contributor on competition and labor issues on television, radio, and print media.

References

  1. "Michael D. Noel CV". Noel Economics.
  2. "Edgeworth price cycles in retail gasoline markets". Massachusetts Institute of Technology. MIT Libraries.
  3. "Michael Noel". LinkedIn.
  4. Gallagher, J. (November 7, 2015). "Can you time the gasoline market?". St. Louis Post-Dispatch.
  5. "Gasoline price changes and the petroleum industry: an update". Federal Trade Commission.
  6. "Petrol Prices and Australian Consumers. Report of the ACCC inquiry into the price of unleaded petrol". Australian Competition and Consumer Commission.
  7. "Sector Fuels Inquiry". Bundeskartellamt. May 2011.
  8. "Study of the wholesale automotive fuel market in Spain". Comision Nacional de los y la Competencia. June 24, 2015.
  9. "Retail pricing, vertical control, and competition in the Swedish gasoline market". Konkurrensverket. November 2013.
  10. "Mandate on ethanol fuels costs drivers dearly: study". Sydney Morning Herald. April 28, 2014.
  11. "Texan report underlines the need for consumer education". Biofuels Association of Australia. April 28, 2014.
  12. "E10 fail: drivers shun ethanol for pricier premium". Newcastle Herald. April 29, 2014.
  13. "Ohio et al. v. American Express Co. et al. 138 S. Ct, No. 16-1454" (PDF).
  14. Liptak, Adam. "Supreme Court Sides with American Express on Merchant Fees". New York Times.
  15. Snyder, T.; Malone, F. (November 2018). "Vertical restraints in two-sided markets after Ohio v. Amex: Lessons from the FTC Competition Hearings". Competition Policy International.
  16. "Antitrust Division seeks public comments on updating bank merger review analysis". Department of Justice.
  17. "Banking Mergers: the Case to Replace the 1995 Banking Merger Guidelines". Banking Law Journal.
  18. "Michael D. Noel CV". Noel Economics.

External links

Add External links

This article "Michael D. Noel" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.