Meghan Busse
Meghan Busse

STRATEGY; MANAGERIAL ECONOMICS & STRATEGY
Associate Professor Strategy

Print Overview

Meghan Busse joined the Kellogg faculty in 2008 as an Associate Professor of Management and Strategy. Prior to that, she was on the faculty of the Haas School of Business at UC Berkeley and at the Yale School of Management. She has taught both economics and strategy, and teaches the core strategy course at Kellogg.

Professor Busse’s research focuses on market structure and competition, with particular interest in pricing and price discrimination. She has studied these issues in a variety of industries, including cellular telephones, airlines, and advertising. Her areas of current research interest are energy economics and the U.S. automobile industry; her study of the auto industry is supported by a grant from the National Science Foundation. These two interests are combined in work she is doing with two co-authors investigating how gasoline prices affect people’s choices about what car to buy.

In more lighthearted research, Professor Busse used economic models to predict how many medals countries should win in the Olympics.

Professor Busse received her PhD in economics from MIT.

Print Vita
Education
PhD, 1997, Economics, Massachusetts Institute of Technology
BA, 1992, Economics, Brigham Young University, Magna cum laude

Academic Positions
Associate Professor, Management and Strategy, Kellogg School of Management, Northwestern University, 2008-present
Assistant Adjunct Professor, Economics, Haas School of Business, UC Berkeley, 2004-2008
Visiting Assistant Professor, Economics, Haas School of Business, UC Berkeley, 2002-2004
Assistant Professor, Economics, Yale School of Management, Yale University, 1997-2002
Visiting Assistant Professor, Economics, Kellogg School of Management, Northwestern University, 2001-2001

Other Professional Experience
Faculty Research Fellow, National Bureau of Economic Research, 2008-present
Visiting Researcher, UC Berkeley, 2004-2008

Grants and Awards
Appointed member, Energy and Environmental Economics Program of the National Bureau of Economic Research, present
Chairs’ Core Course Teaching Award, Kellogg School of Management, 2009-2010

 
Print Research
Research Interests
Pricing, price discrimination, market structure and competition

Articles
Busse, Meghan, Nicola Lacetera, Devin G. Pope, Jorge Silva-Risso and Justin R Sydnor. Forthcoming. Estimating the Effect of Salience in Wholesale and Retail Car Markets. (Solicited for American Economic Review Papers and Proceedings). Solicited for American Economic Review Papers and Proceedings.
Busse, Meghan, Christopher R. Knittel and Florian Zettelmeyer. 2013. Are Consumers Myopic? Evidence from New and Used Car Purchases. American Economic Review. 103(1): 220-256.
Borenstein, Severin, Meghan Busse and Ryan Kellogg. 2012. Career Concerns, Inaction and Market Inefficiency: Evidence From Utility Regulation . Journal of Industrial Economics. 60(2): 220-248.
Busse, Meghan, Duncan Simester and Florian Zettelmeyer. 2010. "The Best Price You'll Ever Get": The 2005 Employee Discount Pricing Promotions in the US Automobile Industry. Marketing Science. 29(2): 268–290.
Busse, Meghan and Jorge Silva-Risso. 2010. “One Discriminatory Rent” or “Double Jeopardy”: Multi-component Negotiation for New Car Purchases. American Economic Review. 100(2): 470-474.
Busse, Meghan and Nathaniel O. Keohane. 2007. Market Effects of Environmental Regulation: Coal, Railroads, and the 1990 Clean Air Act. RAND Journal of Economics. 38(4): 1159-1179.
Busse, Meghan, Jorge Silva-Risso and Florian Zettelmeyer. 2006. $1000 Cash Back: The Pass-Through of Auto Manufacturer Promotions. American Economic Review. 96(4): 1253-1270.
Busse, Meghan and Marc Rysman. 2005. Competition and Price Discrimination in Yellow Pages Advertising. RAND Journal of Economics. 36(2): 378-390.
Bernard, Andrew B. and Meghan Busse. 2004. Who Wins the Olympic Games: Economic Resources and Medal Totals. Review of Economics and Statistics. 86(1): 413-417.
Busse, Meghan. 2002. Firm Financial Condition and Airline Price Wars. RAND Journal of Economics. 33(2): 298-318.
Busse, Meghan. 2000. Multimarket Contact and Price Coordination in the Cellular Telephone Industry. Journal of Economics and Management Strategy. 9(3): 287-320.
Working Papers
Busse, Meghan, Devin G. Pope, Jaren C. Pope and Jorge Silva-Risso. 2012. Projection Bias in the Car and Housing Markets.
Busse, Meghan, Ayelet Israeli and Florian Zettelmeyer. 2013. Repairing the Damage: The Effect of Price Expectations on Auto-Repair Price Quotes.
Busse, Meghan, Christopher R. Knittel and Florian Zettelmeyer. 2012. Who is Exposed to Gas Prices? How Gasoline Prices Affect Automobile Manufacturers and Dealerships.
Busse, Meghan, Christopher R. Knittel, Jorge Silva-Risso and Florian Zettelmeyer. 2012. Did "Cash for Clunkers" Deliver? The Consumer Effects of the Car Allowance Rebate System.
Busse, Meghan, Christopher R. Knittel and Florian Zettelmeyer. 2012. Stranded Vehicles: How Gasoline Taxes Change the Value of Households' Vehicle Assets.
Busse, Meghan. 2012. When Supply and Demand Just Won't Do: Using the Equilibrium Locus to Think about Comparative Statics.
Cases
Garthwaite, CraigMeghan BusseJennifer Brown and Greg Merkley. 2011. Starbucks: A Story of Growth. Case 5-211-259 (KEL665).
Busse, MeghanJeroen Swinkels and Greg Merkley. 2011. Enterprise Rent-A-Car. Case 5-311-508 (KEL612).

 
Print Teaching
Teaching Interests
Strategy, microeconomics, and pedagogy
Doctoral
Empirical Issues In Business Strategy (MECS-485-0)
This course has three goals: to develop steps for applying econometric theory to real problems, to educate students about business databases and to give students an opportunity to read important empirical papers on business strategy.

Full-Time / Part-Time MBA
Business Strategy (MGMT-431-0)

This course counts toward the following majors: Management & Strategy

Strategy is the set of objectives, policies and resource commitments that collectively determine how a business positions itself to create wealth for its owners. This course introduces students to principles and conceptual frameworks for evaluating and formulating business strategy. Topics include the boundaries of the firm, the analysis of industry economics, strategic positioning and competitive advantage, and the role of resources and capabilities in shaping and sustaining competitive advantages.