Michael Mazzeo
Michael Mazzeo

MANAGEMENT & STRATEGY
Associate Professor of Management & Strategy

Print Overview

Michael J. Mazzeo is an Associate Professor in the Department of Management and Strategy, and a Faculty Associate at Northwestern University's Institute for Policy Research. He serves on the editorial board of the Review of Industrial Organization.

Mazzeo's research focuses on empirical industrial organization, in particular the role of differentiation and endogenous product choice in firm strategy and market competition. His work has focused on developing new statistical methodologies for examining the role of product differentiation in markets, and quantifying these effects in industry studies. Mazzeo has published papers based on research in the airline, banking, health care, lodging, retail and telecommunications industries. Current research projects include: exploring the product assortment decisions of oligopolistic firms; analyzing the relationship between the competitive environment faced by depository institutions and the decisions these institutions make regarding the size of their branch networks; and studying the effects of a school’s performance on the mobility and career advancement opportunities of its administrators.

Mazzeo teaches Kellogg's core MBA class in Business Strategy, and was the recipient of the Chairs’ Core Course Teaching Award in 2001-2002 and 2006-2007. He also teaches competitive strategy in Kellogg's EMBA and open enrollment programs. He joined the faculty in 1998 after completing his PhD in economics at Stanford University.



Areas of Expertise
Econometrics
Industrial Organization Economics
Print Vita
Education
PhD, 1998, Economics, Stanford University
AB, 1991, Economics, Urban Studies, Stanford University

Academic Positions
Faculty Associate, Institute for Policy Research, Northwestern University, 2007-present
Associate Professor, Kellogg School of Management, Northwestern University, 2005-present
Assistant Professor, Kellogg School of Management, Northwestern University, 1998-2005

Grants and Awards
Core Course Teaching Award, Kellogg School of Management, 2009
Honorable Mention, Dick Wittink Prize, <em>Quantitative Marketing and Economics</em> journal, 2010
Excellence in Refereeing, American Economic Review, 2009
Samsung Patent Prize, Stanford University, 2011

Editorial Positions
Editorial Board, Review of Industrial Organization, 2004-present

 
Print Research
Research Interests
Industrial organization, organizational economics, strategy

Articles
Mazzeo, Michael, Jonathan H. Ashtor and Samantha Zyontz. Forthcoming. Patents at Issue: The Data Behind the Patent Troll Debate. George Mason Law Review.
Mazzeo, Michael, Jonathan Hillel and Samantha Zyontz. 2013. Do NPEs Matter? Non-Practicing Entities and Patent-Litigation Outcomes. Journal of Competition, Law and Economics. 9(4): 879-904.
Mazzeo, Michael, Jonathan Hillel and Samantha Zyontz. 2013. Explaining the 'Unpredictable': An Empirical Analysis of US Patent Infringement Awards. International Review of Law and Economics. 35(1): 58-72.
Cohen, Andrew and Michael Mazzeo. 2010. Investment Strategies and Market Structure: An Empirical Analysis of Bank Branching Decisions. Journal of Financial Services Research. 38(1): 1-21.
Draganska, Michaela, Michael Mazzeo and Katja Seim. 2009. Beyond Plain Vanilla: Modeling Joint Pricing and Product Assortment Choices. Quantitative Marketing and Economics. 7(2): 105-146.
Cohen, Andrew and Michael Mazzeo. 2007. Market Structure and Competition Among Retail Depository Institutions. Review of Economics and Statistics. 89(1): 60-74.
Mazzeo, Michael. 2006. Commentary: Marketing Structural Models: 'Keep it Real'. Marketing Science. 25(6): 617-619.
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.
Mazzeo, Michael. 2004. Retail Contracting and Organizational Form: Alternatives to Chain Affiliation in the Motel Industry. Journal of Economics & Management Strategy. 13(4): 599-615.
Dranove, David, Anne Gron and Michael Mazzeo. 2003. Differentiation and Competition in HMO Markets. Journal of Industrial Economics. 51(4): 433-454.
Mazzeo, Michael. 2003. Competition and Service Quality in the U.S. Airline Industry. Review of Industrial Organization. 22(4): 275-296.
Mazzeo, Michael. 2002. Competitive Outcomes in Product-Differentiated Oligopoly. Review of Economics and Statistics. 84(4): 716-728.
Mazzeo, Michael. 2002. Product Choice and Oligopoly Market Structure. RAND Journal of Economics. 33(2): 221-242.
Working Papers
Mazzeo, Michael, Katja Seim and Mauricio Varela. 2014. The Welfare Consequences of Mergers with Product Repositioning.
Cullen, Julie Berry and Michael Mazzeo. 2012. Implicit Performance Awards: An Empirical Analysis of the Labor Market for Public School Administrators.
Hochberg, Yael V.Michael Mazzeo and Ryan McDevitt. 2011. Specialization and Competition in the Venture Capital Industry.
Book Chapters
Mazzeo, Michael and Ryan McDevitt. 2012. "Business Strategy and Antitrust Economics." In The Oxford Handbook on International Antitrust Economics, edited by R. Blair and D. Sokol, Oxford, U.K.: Oxford University Press.
Books
Mazzeo, Michael, Paul Oyer and Scott Schaefer. 2014. Roadside MBA. New York: Hachette.
Cases
Mazzeo, Michael and Greg Merkley. 2012. LEGO® Friends: Leveraging Competitive Advantage. Case 5-312-500 (KEL736).
Mazzeo, Michael, Ariel Shwayder and Sachin Waikar. 2009. Steve & Barry's: To Save or Not To Save?. Case 5-309-501 (KEL446).

 
Print Teaching
Teaching Interests
Competitive strategy
Full-Time / Part-Time MBA
Business Analytics I (DECS-430-A)
Analytics is the discovery and communication of meaningful patterns in data. This course will provide students with an analytics toolkit, reinforcing basic probability and statistics while throughout emphasizing the value and pitfalls of reasoning with data. Applications will focus on connections among analytical tools, data, and business decision-making

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.

Strategies for Growth (MGMT-955-A)
This course is about effectively scaling a business. Because growth is an imperative for many organizations, it is crucial to understand the strategic fundamentals underpinning profitable growth. Therefore, the course connects frameworks from economics and strategy to the experiences of firms attempting growth initiatives to illustrate why some businesses can scale successfully while others struggle.
The cases and examples in this course will focus on “middle-market” companies – organizations that are beyond the initial startup stage and are explicitly looking to expand their business. The case materials include first-person accounts of the challenges of growth for these companies, as collected in interviews conducted during the research stage of my "Roadside MBA". The cases will be supplemented with discussions of strategy frameworks that can be used to extrapolate from experiences of these specific firms to general insights about growth and scaling.

Executive MBA
Economics of Competition (MECNX-441-0)
Economics of Competition prepares students to diagnose the determinants of an industry’s structure and formulate rational, competitive strategies for coping with that structure.

Frameworks for Strategic Analysis (MGMTX-430-0)
Frameworks for Strategic Analysis explores economic principles of business strategy and develops an analytic framework for identifying and evaluating alternative strategies.

Frameworks for Strategic Analysis (MGMTX-430-A)
Frameworks for Strategic Analysis explores economic principles of business strategy and develops an analytic framework for identifying and evaluating alternative strategies.

Foundations for Strategy Formulation (MGMTX-431-0)
Foundations for Strategy Formulation explores economic principles essential for the formulation and evaluation of strategy. Topics include industry analysis, strategic positioning and the boundaries of the firm.

Capstone Course (MGMTX-470-0)
Capstone Course brings together disciplines students have encountered in the Kellogg Executive MBA Programs. Students develop an integrated understanding of business planning and strategy, using a computer-based management simulation (Capstone®Business Simulation) to plan and test strategies in a competitive environment.