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Shane Greenstein
Shane Greenstein

MANAGEMENT & STRATEGY
Kellogg Chair in Information Technology

Print Overview

Shane Greenstein is the Kellogg Chair in Information Technology at the Kellogg School of Management, Northwestern University. He studies the business economics of computing, communications and Internet infrastructure. His research and writing focus on a variety of topics in this area, including the adoption of client-server systems, the growth of commercial Internet access networks, the industrial economics of platforms, and changes in communications policy. He has written and edited five books, and published over ninety refereed journal articles, book chapters, monographs and invited reports. He has written over seventy articles for policy and business audiences. He is regularly quoted in national and local media. He has been a regular columnist and essayist for IEEE Micro since 1995, where he comments on the economics of microelectronics.

Greenstein is North American Editor for Information Economics and Policy, Associate Editor for Economics Bulletin, and Business Economics Sub-Editor for Communications of the Association of Computing Machinery. He also reviews for a wide assortment of major journals in economics and information science, and for a wide assortment of organizations. He was chair of the Management and Strategy Department from 2002 to 2005.



Areas of Expertise
Communications: Computers
Computers
Econometrics
Industrial Organization Economics
Technology
Telecom
Print Vita
Education
PhD, 1989, Economics, Stanford University
BA, 1983, Economics, University of California, Berkeley

Academic Positions
Research Associate, Conference on Research on Income and Wealth, 2005-present
Elinor and Wendell Hobbs Professor of Management and Strategy, Kellogg School of Management, Northwestern University, 2001-present
Affiliate, Center for the Study of Industrial Organization, Northwestern University, 2000-present
Research Associate, Institute for Policy Research, Northwestern University, 1999-present
Research Associate, Productivity Group, Industrial Organzation Group, National Bureau of Economic Research, 1997-present
Department Chair, Kellogg School of Management, Northwestern University, 2002-2005
Associate Professor, Kellogg School of Management, Northwestern University, 1997-2001
Associate Professor, University of Illinois Urbana-Champaign, 1996-1997
Affiliate, Institute for Government and Policy Affairs, University of Illinois Urbana-Champaign, 1995-1997
Faculty Research Fellow, Productivity Group, National Bureau of Economic Research, 1991-1996
Assistant Professor, University of Illinois Urbana-Champaign, 1989-1996
Visitng Scholar, Center for Economic Policy Research, Standford University, 1994-1995
Research Associate, Hass School of Business, University of California Berkeley, 1994-1995

Editorial Positions
Sub-Editor, Communications of the ACM, 2008-Present
Editorial Board, IEEE Micro, 1995-Present
Co-Editor, Information Economics and Policy, 2008-Present
Editorial Board, Telecommunications Policy, 2009-present
Associate Editor, Economics Bulletin, 2005-present
Associate Editor, Information and Economic Policy, 2008-present
Editorial Board, Journal of Regulatory Economics, 2000-2007

 
Print Research
Research Interests
Commercialization of technology; digital-technology markets; computing, communications and Internet markets; industrial economics

Articles
Greenstein, Shane, Chris Forman and Avi Goldfarb. Forthcoming. The Internet and Local Wages: Convergence or Divergence?. American Economic Review.
Greenstein, Shane and Ryan McDevitt. Forthcoming. Evidence of a Modest Price Decline in US Broadband Services. Information Economics and Policy.
Greenstein, Shane and Sarit Markovich. Forthcoming. Pricing Experience Goods in Information Goods Markets: The Case of E-Business Service Providers. International Journal of Electronic Business.
Greenstein, Shane. Forthcoming. Internet Infrastructure .
Greenstein, Shane. 2010. The Emergence of the Internet: Collective Invention and Wild Ducks. Industrial and Corporate Change. 19(5): 1521-1562.
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Greenstein, Shane. 2010. Bleeding-Edge Mass Market Studies. IEEE Micro. 30(2): 2-4.
Greenstein, Shane. 2010. Google's Next Chapter. IEEE Micro. 30(1): 4-7.
Greenstein, Shane. 2009. A Network of Platforms. IEEE Micro. 29(6): 2-3.
Greenstein, Shane. 2009. Does Google have too much Money?. IEEE Micro. 29(5): 6-7.
Greenstein, Shane. 2009. Soccer Mom Messaging is the Poetry of our Age. IEEE Micro. 29(4): 2-3.
Greenstein, Shane. 2009. The Revolution in Spectrum Allocation. IEEE Micro. 29(2): 2-3.
Greenstein, Shane. 2009. The Internet, Wages, and Consumer Welfare. NBER Digest.
Greenstein, Shane. 2009. Building Broadband as Economic Stimulus. IEEE Micro. 29(2): 2-3.
Greenstein, Shane. 2009. Symptoms of Healthy Innovativeness. IEEE Micro. 29(1): 3-5.
Greenstein, Shane and Greg Rosston. 2009. Special Issue on Auctions: Introduction. Information Economics and Policy. 21: 85-89.
Greenstein, Shane. 2009. Glimmers and Signs of Innovative Health in the Commercial Internet. Journal of Telecommunication and High Technology Law. 8(1): 25-78.
Greenstein, Shane. 2008. Chicken Little Predictions. IEEE Micro. 28(6): 2-3.
Greenstein, Shane. 2008. Slouching toward a Dystopian Internet. IEEE Micro. 28(4): 2-3.
Stranger, Greg and Shane Greenstein. 2008. Pricing in the shadow of firm turnover: ISPs during the 1990s. International Journal of Industrial Organization. 26(3): 625-642.
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Greenstein, Shane. 2008. The Long Arc Behind Bill Gates' Wealth, Part 2. IEEE Micro. 28(2): 2-5.
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Greenstein, Shane. 2008. The Long Arc Behind Bill Gates' Wealth. IEEE Micro. 28(1): 4-7.
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Forman, Chris, Avi Goldfarb and Shane Greenstein. 2008. Understanding Inputs into Innovation: Do Cities Substitute for Internal Firm Resources?. Journal of Economics & Management Strategy. 17(2): 295-316.
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Greenstein, Shane. 2008. What Are the Lessons of the Blu-Ray/HD-DVD Battle? A Freakonomics Quorum. New York Times.(Freakonomics Forum)
Greenstein, Shane. 2008. What Value Did Broadband Create?. IEEE Potentials. 27(5): 13-16.
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Greenstein, Shane. 2008. Voting and Economic Asymmetry. IEEE Micro. 28(4): 2-3.
Greenstein, Shane. 2007. Did the Price of the Internet Drop?. IEEE Micro. 27(3): 6-7.
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Greenstein, Shane. 2007. Dog Days for Broadband. IEEE Micro. 27(5): 112-112.
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Greenstein, Shane. 2007. Economic Experiments in Internet Access Markets. First Monday. 12(6)
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Greenstein, Shane. 2007. Innovation at the Edges. IEEE Micro. 27(6): 8-10.
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Greenstein, Shane. 2007. The 15-Billion-Dollar Broadband Bonus. IEEE Micro. 27(4): 5, 58.
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Greenstein, Shane and Shane Greenstein. 2007. The High Costs of a Cheap Lesson. IEEE Micro. 27(1): 7, 132-133.
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Downes, Tom and Shane Greenstein. 2007. Understanding why universal service obligations may be unnecessary: The private development of local Internet access markets. Journal of Urban Economics. 62(1): 2-26.
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Greenstein, Shane. 2007. Wagging Wikipedia’s Long Tail. IEEE Micro. 27(2): 6.
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Greenstein, Shane and Shane Greenstein. 2006. Andy’s Acceleration and Moore’s Momentum. IEEE Micro. 26(2): 7-82.
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Augereau, Angelique, Shane Greenstein and Marc Rysman. 2006. Coordination versus Differentiation in a Standards War: 56K Modems. RAND Journal of Economics. 37(4): 887-909.
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Greenstein, Shane. 2006. Format Wars all Over Again. IEEE Micro. 26(1): 7.
Greenstein, Shane. 2006. Format Wars and Complexity. IEEE Potentials. 25(4): 4-5.
Greenstein, Shane. 2006. Forum on the Future of the Telecommunications Industries. Information Economics and Policy. 18(3): 241.
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Greenstein, Shane. 2006. Four Nightmares for Net Neutrality. IEEE Micro. 26(6): 12-13.
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Greenstein, Shane. 2006. Legislating Entrepreneurship: An Oxymoron?. IEEE Micro. 26(4): 4.
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Greenstein, Shane. 2006. Legislating Entrepreneurship, an Oxymoron?. IEEE Micro. 26(4): 4.
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Greenstein, Shane. 2006. Room for a Thousand Flowers to Bloom. IEEE Micro. 26(3): 6.
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Greenstein, Shane and Michael Mazzeo. 2006. The Role of Differentiation Strategy in Local Telecommunication Entry and Market Evolution: 1999-2002. Journal of Industrial Economics. 54(3): 323-350.
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Greenstein, Shane. 2006. Ubiquitous Clicks and Complements. IEEE Micro. 26(5): 7-8.
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Greenstein, Shane. 2005. Anatomy of a Foresight Trap. IEEE Micro. 25(3): 10-12.
Greenstein, Shane. 2005. Communications Consolidation After an Era of No Constraints. IEEE Micro. 25(2): 70-72.
Forman, Chris, Avi Goldfarb and Shane Greenstein. 2005. Geographic Location and the Diffusion of Internet Technology. Electronic Commerce Research and Applications. 4(1): 1-13.
Abstract
Forman, Chris, Avi Goldfarb and Shane Greenstein. 2005. How did location affect adoption of the commercial Internet? Global village vs. urban leadership. Journal of Urban Economics. 58(3): 389-420.
Abstract
Forman, Chris, Avi Goldfarb and Shane Greenstein. 2005. How do Industry Features Influence the Role of Location on Internet Adoption?. Journal of the Association of Information Systems. 6(12): 383-408.
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Greenstein, Shane. 2005. Not a Mellifluous March to Maturity. IEEE Micro. 25(1): 102-104.
Greenstein, Shane. 2005. Outsourcing and Two Strategies for Climbing the Value Chain. IEEE Micro. 25(5): 84.
Greenstein, Shane. 2005. Review: "Institutions, Innovation and Growth: Selected Economic Papers" by Jean-Philipe Touffut. Journal of Economic Literature. 43(2): 523-525.
Rysman, Marc and Shane Greenstein. 2005. Testing for Agglomeration and Dispersion. Economics Letters. 86(3): 405-411.
Abstract
Greenstein, Shane. 2005. The Explorer and the Expander, Both Early and Late. IEEE Micro. 25(4): 77-79.
Greenstein, Shane. 2005. Wireless and Electrical Markets: Becoming Similar?. IEEE Micro. 25(6): 6-7.
Greenstein, Shane. 2004. Canaries, Whips, and Sails. IEEE Micro. 24(6): 6-7,129.
Forman, Chris, Avi Goldfarb and Shane Greenstein. 2004. City or Country: Where do Businesses Use the Internet?. Federal Reserve Bank of San Francisco Economic Letter.
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Greenstein, Shane. 2004. Creative Destruction and Deconstruction. IEEE Micro. 24(5): 83-85.
Greenstein, Shane. 2004. Imitation Happens. IEEE Micro. 24(3): 67-69.
Greenstein, Shane. 2004. Review: "Bandwagon Effects in High Technology Industries" by Jeffrey H. Rohlfs. Journal of Media Economics. 17(3): 229-232.
Greenstein, Shane. 2004. Review: "Technology and the New Economy" by Chong-en Bai and Chi-wa Yuen. Journal of Economic Literature. 42(3): 874-875.
Greenstein, Shane. 2004. The Diamond Wafer Paradox, A Modern Mystery. IEEE Micro. 24(4): 79-81.
Greenstein, Shane. 2004. The Paradox of Commodities. IEEE Micro. 24(2): 73-75.
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Greenstein, Shane. 2004. Why Inventors are not Famous. IEEE Micro. 24(1): 76-78.
Greenstein, Shane. 2003. An Era of Error. IEEE Micro. 23(3): 68-69.
Greenstein, Shane. 2003. Jumping on Bandwagons. IEEE Micro. 23(5): 75-77.
Greenstein, Shane. 2003. Moore Meets Malthus in Multiples. IEEE Micro. 23(4): 8-10.
Greenstein, Shane. 2003. Too Much Internet Backbone?. IEEE Micro. 23(2): 78-80.
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Greenstein, Shane. 2003. Where did the Internet go?. IEEE Micro. 23(1): 84-86.
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Capps, Cory, David Dranove, Shane Greenstein and Mark Satterthwaite. 2002. Antitrust Policy and Hospital Mergers: Recommendations for a New Approach. Antitrust Bulletin. 47(4): 677-704.
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Greenstein, Shane. 2002. Competition Policy for Innovative Industries. IEEE Micro. 22(2): 4-5, 72.
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Downes, Tom and Shane Greenstein. 2002. Entry into the Schooling Market: How is the Behavior of Private Suppliers Influenced by Public Sector Decisions?. Bulletin of Economic Research. 54(4): 341-371.
Abstract
Greenstein, Shane. 2002. Markets for Technology. IEEE Micro. 22(3): 4-5.
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Greenstein, Shane. 2002. Review: "Markets for Technology: The Economics of Innovation and Corporate Strategy" by Ashish Arora, Andrea Fosfuri, Alfonso Gambardella. Academy of Management Review. 27(4): 624-626.
Greenstein, Shane. 2002. The Crash in Competitive Telephony. IEEE Micro. 22(4): 8-9.
Greenstein, Shane. 2002. The Price is Not Right. IEEE Micro. 22(5): 12-13.
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Greenstein, Shane. 2002. The Ride Before the Fall. IEEE Micro. 22(1): 4-5, 91.
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Downes, Tom and Shane Greenstein. 2002. Universal Access and Local Commercial Internet Markets. Research Policy. 31(7): 1035-1052.
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Greenstein, Shane. 2002. Which Industries use the Internet?. IEEE Micro. 22(6): 70-72.
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Greenstein, Shane. 2001. An Earful about Zvi's Email. IEEE Micro. 21(4): 8-10.
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Greenstein, Shane. 2001. E-Business Infrastructure. IEEE Micro. 21(6): 70-71.
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Greenstein, Shane. 2001. Explaining Booms, Busts and Errors. IEEE Micro. 21(5): 6-7,10.
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Greenstein, Shane. 2001. Measure for Measure in the New Economy. IEEE Micro. 21(1): 11-12.
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Greenstein, Shane. 2001. Pricing Internet Access. IEEE Micro. 21(2): 5-6.
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Greenstein, Shane. 2001. Shortfalls, Downturns and Recessions. IEEE Micro. 21(3): 6.
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Greenstein, Shane. 2001. Technological Mediation and Commercial Development in the Early Internet Access Market. California Management Review. 43(2): 75-94.
Abstract
Bresnahan, Timothy F. and Shane Greenstein. 2001. The economic contribution of information technology: Towards comparative and user studies. Journal of Evolutionary Economics. 11(1): 95-118.
Augereau, Angelique and Shane Greenstein. 2001. The Need for Speed in Emerging Communications Markets: Upgrades to Advanced Technology at Internet Service Providers. International Journal of Industrial Organization. 19(7): 1085-1102.
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Greenstein, Shane. 2000. A Revolution? How Do You Know?. IEEE Micro. 20(2): 5-7.
Greenstein, Shane. 2000. Aggressive Business Tactics: Are There Limits?. IEEE Micro. 20(1): 13-14.
Greenstein, Shane. 2000. Building and Delivering the Virtual World: Commercializing Services for Internet Access. Journal of Industrial Economics. 48(4): 391-411.
Reprinted in:
Computing, edited by Shane M. Greenstein, Camberley, Surrey, UK: Edward Elgar, 2006.
Abstract
Greenstein, Shane. 2000. By the Numbers: Musing about Numerical Challenges in the Information Age. iMP, The Magazine on Information Impacts.
Greenstein, Shane. 2000. Computers and the Internet. National Bureau of Economic Research Reporter.: 15-17.
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Greenstein, Shane. 2000. Death of a Sophomore. California Monthly.
Greenstein, Shane. 2000. Falling Through the Cracks at Microsoft. IEEE Micro. 20(5): 7, 87.
Abstract
Greenstein, Shane. 2000. Hung up on AT&T. IEEE Micro. 20(4): 5-6.
Greenstein, Shane. 2000. Identifying the Demand for Features: An Application to Mainframe Computers. Economics of Innovation and New Technology. 9(4): 353-384.
Abstract
Greenstein, Shane. 2000. Living in the Era of Impatience. IEEE Micro. 20(3): 8-9.
Greenstein, Shane. 2000. PCs, the Internet, and You. IEEE Micro. 20(6): 6-7.
Greenstein, Shane. 2000. The Commercialization of Information Infrastructure as Technology Mediation: The Internet Access Market. Information System Frontiers. 1(4): 329-348.
Abstract
Gandal, Neil and Shane Greenstein. 1999. Adoptions and Orphans in the Early Microcomputer Market. Journal of Industrial Economics. 47(1): 87-105.
Abstract
Greenstein, Shane. 1999. Banking on the Information Age. IEEE Micro. 19(5): 5-6.
Greenstein, Shane. 1999. Bill, Adopt a Mensch Strategy!. IEEE Micro. 19(2): 8, 83-84.
Greenstein, Shane. 1999. Building The Virtual World. IEEE Micro. 19(4): 5-6, 86.
Greenstein, Shane. 1999. Forecasting Commercial Change. IEEE Micro. 19(3): 6-7.
Greenstein, Shane. 1999. On the Net: The Recent Commericialization of Access Infrastructure. iMP, The Magazine on Information Impacts.
Greenstein, Shane. 1999. Review: "Talk is Cheap: The Promise of Regulatory Reform in North American Telecommunications" by Robert W. Crandall and Leonard Waverman. Telecommunications Policy. 23(1): 99-101.
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Bresnahan, Timothy F. and Shane Greenstein. 1999. Technological Competition and the Structure of the Computing Industry. Journal of Industrial Economics. 47(1): 1-40.
Reprinted in:
Computing, edited by Shane M. Greenstein, Camberley, Surrey, UK: Edward Elgar, 2006.
Abstract
Greenstein, Shane. 1999. Virulent Word of Mouse. IEEE Micro. 19(6): 6-8.
Greenstein, Shane. 1999. When Technologies Converge. IEEE Micro. 19(1): 8-9.
Greenstein, Shane. 1998. Commercializing the Internet. IEEE Micro. 18(6): 6-7.
Greenstein, Shane. 1998. Industrial Economics and Strategy: Computing Platforms. IEEE Micro. 18(3): 43-53.
Abstract
Greenstein, Shane and Gary Ramey. 1998. Market Structure, Innovation, and Vertical Product Differentiation. International Journal of Industrial Organization. 16(3): 285-311.
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Greenstein, Shane. 1998. Return of the Jaded. IEEE Micro. 18(5): 4-5, 84.
Greenstein, Shane. 1998. Review: "The International Computer Software Industry: A Comparative Study of Industry Evolution and Structure" edited by David C. Mowery. Journal of Economic Literature. 36(2): 978-980.
Greenstein, Shane. 1998. The Emerging Internet Retailing Market as a Nested Diffusion Process. International Journal of Innovation Management. 2(3): 281-308.
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Greenstein, Shane and James B. Wade. 1998. The Product Life Cycle in the Commercial Mainframe Computer Market, 1968- 1982. RAND Journal of Economics. 29(4): 772-789.
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Greenstein, Shane. 1998. Ties that Bind: Foreseeing Foreclosure. IEEE Micro. 18(2): 4-5, 83-84.
Greenstein, Shane. 1998. To Have and to Have Not. IEEE Micro. 18(1): 76-77.
Greenstein, Shane. 1998. Uncertainty, Prediction, and the Unexpected. IEEE Micro. 18(4): 76-77.
Greenstein, Shane. 1997. Contrasting opinions about convergence. IEEE Micro. 17(5): 7-8.
Greenstein, Shane. 1997. How coinvention shapes our market. IEEE Micro. 17(1): 2-3.
Greenstein, Shane. 1997. It has bugs, but the games are out of this world. IEEE Micro. 17(2): 5-6.
Greenstein, Shane. 1997. Let's play monopoly. IEEE Micro. 17(3): 73-74.
Greenstein, Shane. 1997. Lock-in and the Costs of Switching Mainframe Computer Vendors: What Do Buyers See?. Industrial and Corporate Change. 6(2): 247-273.
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Greenstein, Shane. 1997. The biology of technology. IEEE Micro. 17(4): 3-5.
Greenstein, Shane. 1997. The software industry through an academic looking glass. IEEE Micro. 17(6): 6-7.
Greenstein, Shane. 1996. A birthday even a curmudgeon could love. IEEE Micro. 16(2): 3-4.
Greenstein, Shane. 1996. Debunking the productivity paradox. IEEE Micro. 16(4): 2-3.
Greenstein, Shane. 1996. Don't call it a highway!. IEEE Micro. 16(6): 78-79.
Greenstein, Shane. 1996. Letter to the Editor, Paul Attewell's" The Productivity Paradox". Chronicle of Higher Education.: B6.
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Greenstein, Shane. 1996. Repetitive stress injuries. IEEE Micro. 16(5): 72-73.
Bresnahan, Timothy F. and Shane Greenstein. 1996. Technical Progress and Co-Invention in Computing and in the Uses of Computers. Brookings Papers on Economic Activity. Microeconomics. 1996: 1-78.
Reprinted in:
Computing, edited by Shane M. Greenstein, Camberley, Surrey, UK: Edward Elgar, 2006.
Greenstein, Shane. 1996. The salad days of on-line shopping. IEEE Micro. 16(1): 68-69.
Downes, Thomas A. and Shane Greenstein. 1996. Understanding the Supply Decision of Non-Profits: Modeling the Location of Private Schools. RAND Journal of Economics. 27(2): 365-390.
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Greenstein, Shane. 1996. Upgrading, catching up, and shooting for par. IEEE Micro. 16(3): 2, 79.
Greenstein, Shane. 1995. Client-server demand and legacy systems. IEEE Micro. 15(5): 4-5.
Greenstein, Shane. 1995. Diamonds are forever; computers are not. IEEE Micro. 15(4): 4-5.
Greenstein, Shane. 1995. Lock-in and the Costs of Switching Mainframe Computer Vendors in the US Federal Government in the 1970s. IEEE Annals of the History of Computing. 17(3): 58-66.
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Greenstein, Shane. 1995. Measuring the Performance of a Protected Infant Industry: The Case of Brazilian Micro-Computers. Review of Economics and Statistics. 77(4): 622-633.
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Greenstein, Shane and Pablo T. Spiller. 1995. Modern Telecommunications Infrastructure and Economic Activity: An Empirical Investigation. Industrial and Corporate Change. 4(4): 647-665.
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Greenstein, Shane. 1995. Not a young and restless market. IEEE Micro. 15(6): 3-4.
Greenstein, Shane. 1995. Review: "Price Measurements and Their Uses" edited by Murray F. Foss, Marilyn E. Manser, and Allan H. Young. Journal of Economic Literature. 33(1): 214-216.
Greenstein, Shane. 1995. Sole-Sourcing versus Competitive Bidding: U.S. Government Agencies' Procedural Choices for Mainframe Computer Procurement. Journal of Industrial Economics. 43(2): 125-140.
Abstract
Greenstein, Shane and Pablo T. Spiller. 1995. The Effect of Incentive Regulation on Infrastructure Modernization: Local Exchange Companies' Deployment of Digital Technology. Journal of Economics, Management, and Strategy. 4(2): 187-236.
Greenstein, Shane. 1995. The market and computer technology. IEEE Micro. 15(3): 8-9, 78.
Greenstein, Shane. 1993. Did Installed Base Give an Incumbent any (measurable) Advantages in Federal Computer Procurement?. RAND Journal of Economics. 24(1): 19-39.
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Greenstein, Shane. 1993. Markets, Standards, and the Information Infrastructure. IEEE Micro. 13(6): 36-51.
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Greenstein, Shane. 1993. Procedural Rules and Procurement Regulations: Complexity Creates Trade-offs. Journal of Law, Economics, and Organization. 9(1): 159-180.
Greenstein, Shane. 1992. Invisible hands and visible advisors: An economic interpretation of standardization. Journal of the American Society for Information Science. 43(8): 538-549.
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Greenstein, Shane. 1992. Review: "Regulation: Economic Theory and History" edited by Jack High. Journal of Economic History. 52(4): 982-983.
Greenstein, Shane. 1991. Going by the Book: The Costs and Benefits of Procedural Rules in Federal Computer Procurement; Proceedings of Demand, Public Markets, and Innovation. Science and Public Policy. 20(3): 157-172.
Greenstein, Shane. 1991. The Tape Story Tapestry: Historical Research in the age of Digital Technology. IEEE Annals of the History of Computing. 13(3): 27-38.
Greenstein, Shane. 1990. Creating Economic Advantage By Setting Compatibility Standards: Can 'Physical Tie-Ins' Extend Monopoly Power?. Economics of Innovation and New Technology. 1(1-2): 63-83.
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Greenstein, Shane. 1990. Switching Costs and Bidding Parity in Government Procurement of Computer Systems. Journal of Law, Economics, and Organization. 6(2): 453-469.
David, Paul A. and Shane Greenstein. 1990. The Economics Of Compatibility Standards: An Introduction To Recent Research. Economics of Innovation and New Technology. 1(1-2): 3-41.
Reprinted in:
The Economics of Innovation Policy, edited by Albert N. Lin, Camberley, Surrey, UK: Edward Elgar, 2008.
Abstract
Greenstein, Shane. 1989. Review: "Competition: The Economics of Industrial Change" by Paul Auerbach. Journal of Economic History. 49(3): 791-793.
Greenstein, Shane. 1989. Review: "Technical Change and Economic Theory" by Giovanni Dosi, Christopher Freeman, Richard Nelson, Gerald Silverberg, and Luc Soete. Journal of Economic Literature. 27(4): 1714-1716.
Greenstein, Shane. 1988. Review: "Targeting the Computer: Government Support and International Competition" by Kenneth Flamm. Annals of the History of Computing. 10(2): 144.
Working Papers
Bresnahan, Timothy F., Shane Greenstein and Rebecca M. Henderson. 2010. Making Waves: The Interplay between Market Incentives and Organizational Capabilities in the Evolution of Industries.
Abstract
Greenstein, Shane. 2010. Pricing in a Homogeneous Technology Market: Electronic Service Business Providers.
Greenstein, Shane and Ryan McDevitt. 2010. The Broadband Bonus: Accounting for Broadband's Impact on US GDP.
Greenstein, Shane and Sarit Markovich. 2006. Creating Value with Homogenous Technology: Electronic Business Service Providers.
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Greenstein, Shane and Sarit Markovich. 2005. Estimating Contract Pricing with Arbitrage Condition: Application to the eBusiness Service Providers.
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Book Chapters
Greenstein, Shane. 2011. "Internet Infrastructure." In Handbook of Digital Economics, edited by Martin Peitz and Joel Waldfogel.
Greenstein, Shane, Timothy Bresnahan and Rebecca M. Henderson. 2011. "Schumpeterian Economies and Diseconomies of Scope: Illustrations from the Histories of IBM and Microsoft." In The Rate and Direction of Technical Change, edited by Josh Lerner and Scott Stern, Chicago: University of Chicago Press.
Greenstein, Shane and Ryan McDevitt. 2011. "Broadband Internet's Impact on Consumers in Seven Countries." In ICT and Performance: Toward Comprehensive Measurement and Analysis, edited by Randy Weiss, Fundacion Telefonic.
Greenstein, Shane. 2010. "Innovative Conduct in US Commercial Computing and Internet Markets." In Handbook on the Economics of innovation, edited by Bronwyn Hall and Nathan Rosenberg, 477-538. Burlington, MA: Academic Press.
Greenstein, Shane. 2010. "Standardization, Complexity, and Transitional Technology Markets." In The Standards Edge: Unifier or Divider, edited by Sherrie Bolin and Carl Cargill, 51-60. Ann Arbor, MI: Sheridan Books.
Greenstein, Shane. 2010. "Nurturing the Accumulation of Innovations: Lessons from the Internet." In Accelerating Innovations in Energy: Lessons from Other Sectors? , edited by Rebecca Henderson and Richard Newell, Chicago: University of Chicago Press.
Greenstein, Shane. 2009. "Open Platform Development and the Commercial Internet." In Platforms, Innovation, and Competition, edited by Annabelle Gawer, 219-250. Northhampton, MA: Edward Elgar Publishing.
Greenstein, Shane. 2009. ""Puzzles and Treasure" foreword to No-Nonsense Innovation: Practical Strategies for Success, by William C. Lowe and Carey Sherbune." New York: Morgan James Publishing.
Greenstein, Shane. 2008. "Computer Industry." In The New Palgrave Dictionary of Economics, edited by L. Blume and S. Durlauf, London, UK: Palgrave Macmillan.
Greenstein, Shane. 2008. "Development of Information and Communication Technology." In International Encyclopedia of Communication, edited by Robin Mansell, 2221-2225. Oxford, UK: Blackwell Press.
Greenstein, Shane. 2008. "Economic Experiments and Neutrality in Internet Access Markets." In Innovation Policy and the Economy, edited by Adam Jaffe, Josh Lerner, Scott Stern, vol. 8, 59-110. Chicago, IL: University of Chicago Press.
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Greenstein, Shane. 2008. "Innovation and the Evolution of Market Structure for Internet Access in the United States." In The Internet and American Business, edited by William Aspray and Paul E. Ceruzzi, 47-104. MIT Press.
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Greenstein, Shane and Victor Stango. 2008. "The Economics and Strategy of Standards and Standardization." In Handbook of Technology and Innovation Management, edited by Scott Shane, 267-293. Hoboken, N.J.: John Wiley and Sons.
Greenstein, Shane. "Economic Experiments and Industry Know-how in Internet Access Markets." In Innovation, Policy and the Economy, edited by Adam Jaffe, Josh Lerner, and Scott Stern, vol. 8, Cambridge, MA: MIT Press.
Greenstein, Shane. 2007. "Convergence and Variety in Exploration." In Strategies and Policies in Digital Convergence, edited by Sangin Park, ix-xi. Hershey, PA: Idea Group Reference.
Greenstein, Shane and Marc Rysman. 2007. "Coordination Costs and Standard Setting: Lessons from 56K." In Standards and Public Policy, edited by Victor Stango and Shane Greenstein, 123-159. Cambridge University Press.
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Greenstein, Shane and Jeff Prince. 2007. "The Diffusion of the Internet and the Geography of the Digital Divide in the United States." In The Oxford Handbook of Information and Communication Technologies, edited by Robin Mansell, Danny Quah, Roger Silverstone, 168-195. Oxford University Press.
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Greenstein, Shane and Victor Stango. 2007. "Introduction." In Standards and Public Policy, edited by Shane M. Greenstein, Victor Stango, 1-17. Cambridge University Press.
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Greenstein, Shane and Greg Stranger. 2007. "Pricing at the On-ramp to the Internet: Price Indices for ISPs during the 1990s.." In Hard to Measure Goods and Service: Essays in Memory of Zvi Griliches, edited by Ernst Berndt and Chuck Hulten, University of Chicago Press.
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Greenstein, Shane. 2006. "The Industrial Economics of Computing.." In Computing, edited by Shane M. Greenstein, Edward Elgar Publishing.
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Greenstein, Shane. 2004. "Technological Mediation as Strategy: The Case of ISPs." In Next Generation Business Handbook, edited by Subir Chowdhury, 1128-1156. Hoboken, NJ: John Wiley & Sons.
Greenstein, Shane and Jeff Prince. 2004. "The Geographical Diffusion of the Internet in the United States." In The Practical Handbook of Internet Computing, edited by Munindar Singh, CRC Press.
Forman, Chris, Avi Goldfarb and Shane Greenstein. 2003. "Adoption of the Internet by Commercial Establishments: Urban Density, Global Village, and Industry Composition." In ACM International Conference Proceeding Series, Vol. 50 - Proceedings of the 5th international conference on Electronic commerce, edited by Norman M. Sadeh, Mary Jo Dively, Robert J. Kauffman, Yannis Labrou, Onn Shehory, Rahul Telang, Lorrie Faith Cranor, vol. 50, 186-194. New York, NY: ACM.
AbstractLink
Greenstein, Shane, Mercedes M. Lizardo and Pablo T. Spiller. 2003. "The Evolution of Advanced Large Scale Information Infrastructure in the United States." In Down to the Wire: Studies in the Diffusion and Regulation of Telecommunications Technologies, edited by Allan L. Shampine, Nova Press.
Forman, Chris, Avi Goldfarb and Shane Greenstein. 2003. "The Geographic Dispersion of Commercial Internet Use.." In Rethinking Rights and Regulations: Institutional Responses to New Communication Technologies, edited by Lorrie Faith Cranor and Steven S. Wildman, 113-145. Cambridge, MA: MIT Press.
Forman, Chris, Avi Goldfarb and Shane Greenstein. 2003. "Which Industries Use the Internet?." In Advances in Applied Microeconomics: Organizing the New Industrial Economy, edited by Michael R. Baye, vol. 12, 47-72. Elsevier.
AbstractBuy
Greenstein, Shane. 2002. "The Economic Geography of Internet Infrastructure in the United States." In The Handbook of Telecommunications Economics, edited by Sumit K. Majumdar, Ingo Vogelsang and Martin E. Cave, vol. 2, 286-364. Elsevier.
Link
Greenstein, Shane. 2001. "Commercialization of the Internet: The Interaction of Public Policy and Private Actions or Why Introducing the Market Worked so Well?." In Innovation, Policy and the Economy, edited by Adam Jaffe, Josh Lerner and Scott Stern, vol. 1, 151-186. Cambridge, MA: MIT Press.
AbstractLink
Greenstein, Shane. 2001. "Commercialization of the Internet: The Interaction of Public Policy and Private Choices or Why Introducing the Market Worked So Well." In Innovation Policy and the Economy, edited by Adam Jaffe, Josh Lerner, Scott Stern, vol. 1, 151-186. Cambridge, MA: MIT Press.
Abstract
Greenstein, Shane. 2001. "The Commercialization of Internet Access: Lessons from Recent Experience." In Innovation Policy in the Knowledge-Based Economy, edited by Maryann P. Feldman and Albert N. Link, 213-230. Norwell, MA: Kluwer Academic Publisher.
Link
Bresnahan, Timothy F. and Shane Greenstein. 2001. "The Economic Contribution of Information Technology: Towards Comparative and User Studies." In Escaping Satiation: The Demand Side of Economic Growth, edited by Ulrich Witt, 139-164. Heidelberg: Springer-Verlag.
Link
Greenstein, Shane. 2000. "Empirical Evidence on Advanced Services at Commercial Internet Access Providers." In The Internet Upheaval: Raising Questions, Seeking Answers in Communications Policy, edited by Ingo Vogelsang and Benjamin M. Compaine, 253-276. Cambridge, MA: MIT Press.
Link
Greenstein, Shane. 2000. "The Evolving Structure of Commercial Internet Markets." In Understanding the Digital Economy: Data, Tools and Research, edited by Erik Brynjolfsson, Brian Kahin, 151-184. Cambridge, MA: MIT Press.
Reprinted in:
Strategic Analyses, Case Studies, Security and Legal Issues, Implementation & Technology Analysis, edited by Mirza Fehimovic, London, UK: World Markets Research Center, 2000.
Link
Greenstein, Shane. 1999. "Comment on Ordover and Willig." In Competition, innovation and the Microsoft monopoly: antitrust in the digital marketplace : proceedings of a conference held by the Progress & Freedom Foundation in Washington, DC, February 5, 1998, edited by Jeffrey A. Eisenach, Thomas M. Lenard, 129-136. New York, NY: Springer.
Link
Greenstein, Shane and Mercedes M. Lizardo. 1999. "Determinants of the Regional Distribution of Information Technology Infrastructure in the US." In The Electronic Village: Policy Issues of the Information Economy, edited by Dale Orr, Thomas A. Wilson, 145-180. Toronto, Canada: C.D. Howe Institute.
Link
Downes, Thomas A. and Shane Greenstein. 1999. "Do Commercial ISPs Provide Universal Access?." In Competition, Regulation and Convergence: Current Trends in Telecommunications Policy Research, edited by Sharon Eisner Gillett, Ingo Vogelsang, 195-212. Lawrence Erlbaum Associates.
Link
Greenstein, Shane. 1997. "From Superminis to the SuperComputer: Estimating Surplus in the Computing Market." In The Economics of New Goods, edited by Timothy F. Bresnahan, Robert James Gordon, 329-362. Chicago, IL: University of Chicago Press.
Link
Greenstein, Shane and Tarun Khanna. 1997. "What Does Industry Convergence Mean?." In Competing in an Age of Digital Convergence, edited by David B. Yoffie, 201-226. Cambridge, MA: Harvard Business Press.
Link
Greenstein, Shane. 1996. "Invisible Hands versus Invisible Advisors: Coordination Mechanisms in Economic Networks." In Private Networks Public Objectives, edited by Eli M. Noam, A. NíShúilleabháin, 135-160. Amsterdam, Netherlands: Elsevier.
Link
Bresnahan, Timothy F. and Shane Greenstein. 1996. "The Competitive Crash in Large-Scale Commercial Computing." In The Mosaic of Economic Growth, edited by Ralph Landau, Timothy Taylor, Gavin Wright, 357-397. Palo Alto, CA: Stanford University Press.
Link
Greenstein, Shane. 1994. "Investment and Average Practice Technology in the Information Infrastructure." In Proceedings of Information Infrastructure Forum, The Economics of Information Infrastructure, Cambridge, MA: Kennedy School of Government, Harvard University.
Other
Greenstein, Shane. "Virulent Word of Mouse.".
Link
Greenstein, Shane. "The Broadband Price is not Right." Communications of the ACM.
Greenstein, Shane. "Is the Battle Between HD-DVD and Blu-Ray Really Over? What Can We Learn From It?." New York Times (Freakonomics Forum), March 4.
Greenstein, Shane. "Data Constraints and the Internet Economy: Impressions and Imprecision." February.
Link
Capps, Cory, David Dranove, Shane Greenstein and Mark Satterthwaite. "Geographic Market Definition in Hospital Merger Cases." Testimony for the Federal Trade Commission and Department of Justice Hearings on Health Care and Competition Law and Policy, April.
Greenstein, Shane. "Is the Price Right? The CPI for Internet Access." December.
Link
Greenstein, Shane. "Market Structure and Innovation: A Brief Synopsis of Recent Thinking." Testimony for the Federal Trade Commission, Hearings on Competition and Intellectual Property Law in the Knowledge-Based Economy.
AbstractLink
Greenstein, Shane. "Market Structure and Innovation: A Brief Synopsis of Recent Thinking." Testimony for the Federal Trade Commission, hearings on Competition and Intellectual Property Law in the Knowledge-based Economy, February.
Link
Greenstein, Shane. "Technological Convergence.".
Link
Bresnahan, Timothy F. and Shane Greenstein. "The Economic Contribution of Information Technology: Value Indicators in International Perspective." Organization for Economic and Cooperative Development, June.
Greenstein, Shane. "Universal Service in the Digital Age: The Commercialization and Geography of US Internet Access." Council on Library and Information Resources, Research Brief 5, April.
AbstractLink
Greenstein, Shane. "Telecommunications Policy: The Changing Landscape (recording)." Policy Soundings Series.
Greenstein, Shane. "Understanding Industry Structure in Computing." OECD Workshop on the Economics of the Information Society, Workshop no. 6, March.
Books
Greenstein, Shane and Victor Stango. 2007. Standards and Public Policy. Cambridge University Press.
Link
Greenstein, Shane. 2006. Computing. Edward Elgar Publishing.
Link
Greenstein, Shane. 2004. Diamonds are Forever, Computers are Not: Economic and Strategic Management in Computing Markets. London, UK: Imperial College Press.
Cranor, Lorrie and Shane Greenstein. 2002. Communications Policy and Information Technology: Promises, Problems, Prospects. Cambridge, MA: MIT Press.
Compaine, Benajmin M. and Shane Greenstein. 2001. Communications Policy in Transition: The Internet and Beyond. Cambridge, MA: MIT Press.
Cases
Greenstein, Shane, Josh Polhans and Micheline Sabatte. 2011. MentorMob and the Reinvention of Learning. Case 5-311-503.
Abstract
Greenstein, Shane, Rebecca Frazzano and Evan Meagher. 2009. Triumph of the Commons: Wikia and the Commercialization of Open-Source Communities in 2009. Case 5-309-509 (KEL464).
Abstract
Greenstein, Shane and Michelle Devereux. 2006. The Crisis at Encyclopaedia Britannica. Case 5-306-504 (KEL251).
Abstract
Greenstein, Shane and Michelle Devereux. 2006. Wikipedia in the Spotlight. Case 5-306-507 (KEL253).
Abstract
Greenstein, Shane. 2006. Teaching Note: The Crisis at Encyclopedia Britannica..
Greenstein, Shane. 2006. Teaching Note: Wikipedia in Spotlight..

 
Print Teaching
Teaching Interests
Economics and strategy of technology markets; computing, communications, and Internet markets
Doctoral
Empirical Studies of Innovation (MECS-453-0)
This course will examine econometric studies of innovation, with an emphasis on understanding economic and strategic issues. This course will include studies of innovative conduct by firms and users. The course will cover topics, such as the consequences for markets from the diffusion of new technology, the relationship between incentives to innovation and competition, the causes and consequences of patenting behavior, transfers of technical knowledge across firm boundaries, and empirical studies of Schumpeterian competition.

Full-Time / Part-Time MBA
Technology and Innovation Strategy (MGMT-463-0)

This course counts toward the following majors: Biotechnology, Entrepreneurship & Innovation, Management & Strategy, Technology Industry Management.

This course develops approaches to analyzing strategies within technology markets. It teaches students how to analyze commercial forces in hyper-competitive markets, where firm structure, product cycles and competitive environment change rapidly. The course asks students to develop strategies that align with these structural market forces. These issues are illustrated through general readings and with cases from computing, electronics, online, biotechnology and pharmaceuticals markets. The course strikes a balance between presenting a few general models of market behavior and presenting a few key episodes of market behavior. It is aimed at three types of students: those who anticipate taking management positions in technology-intensive firms where they must formulate strategy, those who anticipate investing in technology markets and must analyze firm strategy, and those who anticipate contracting with firms that do much of their business in these types of markets.