Michael Powell
Michael Powell

STRATEGY
Assistant Professor of Strategy

Print Overview

Michael Powell received his PhD in Economics from the Massachusetts Institute of Technology in 2011. He is currently an Assistant Professor in the Department of Strategy. Prior to coming to Kellogg, he was a Postdoctoral Fellow of Applied Economics at the Sloan School of Management at MIT. Professor Powell's research interests include organizational economics and industrial organization. His research has focused on understanding how firms are organized and how their organization interacts with market equilibrium. His work has been published in the Quarterly Journal of Economics.



Areas of Expertise
Contract Theory
Economics of Organizations
Industrial Organization
Print Vita
Education
Ph.D, 2011, Economics, MIT
B.A., M.A., 2006, Economics, UCLA
A.A., 2003, Liberal Arts, West Valley College

Academic Positions
Donald P. Jacobs Scholar & Assistant Professor of Management & Strategy, Kellogg School of Management, Northwestern University, 2012-present
Postdoctoral Fellow in Applied Economics, Sloan School of Management, Massachusetts Institute of Technology, 2011-2012

Other Professional Experience
Referee for: American Economic Journal: Applied Economics, Journal of Economics and Management Strategy, Journal of Labor Economics, Journal of Law and Economics, Journal of Public Economics
Program committee: NBER Organizational Economics (2009, 2011)

Grants and Awards
National Science Foundation Graduate Research Fellowship, 2007-2011
MIT Presidential Fellowship, 2006-2008
UCLA Departmental Scholar in Economics, 2004-2006

 
Print Research
Articles
Gibbons, Robert, Richard Holden and Michael Powell. 2012. "Organization and Information: Firms' Governance Choices in Rational-Expectations Equilibrium". Quarterly Journal of Economics. 127(4): 1551-1609.
Working Papers
Powell, Michael. 2011. "An Influence-Cost Model of Organizational Practices and Firm Boundaries".
Powell, Michael and Jin Li. 2013. "The Limits of Multilateral Cooperation".
Powell, MichaelJin Li and Niko Matouschek. 2013. "Delegation Dynamics".
Powell, Michael and Dan Barron. 2013. "Meritocracy, Moral Hazard and the Prevalence of Promotions".
Barron, Daniel V. and Michael Powell. Policy Commitments in Relational Contracts.
Fehr, Ernst, Michael Powell and Tom Wilkening. 2013. "Handing Out Guns at a Knife Fight: Behavioral Limitations of Subgame-Perfect Implementation".
Gibbons, Robert, Richard Holden and Michael Powell. 2009. Rational-Expectations Equilibrium in Intermediate Good Markets.
Powell, Michael. 2012. Productivity and Credibility in Industry Equilibrium.

 
Print Teaching
Doctoral
The Economics of Organizations (MECS-475-0)
The aim of the course is to prepare PhD students to contribute to the growing field of organizational economics. We will read a selection of classic and new papers in the field, and include a mixture of theory and empirical papers. Topics may include: the provision of incentives in firms, careers and career concerns, promotions and human capital acquisition, delegation and authority, effects of strategic transmission of information within firms, and causes and effects of hierarchy.

Full-Time / Part-Time MBA
Strategy & Organization (MGMT-452-0)

This course counts toward the following majors: Managerial Analytics, Managerial Economics, Managament & Strategy

This course focuses on the link between organizational structure and strategy, making heavy use of the microeconomic tools taught in MECN-430. The core question students address is how firms should be organized to achieve their performance objectives. The first part of the course takes the firm's activities as given and studies the problem of organizational design; topics may include incentive pay, decentralization, transfer pricing, and complementarities. The second part examines the determinants of a firm's boundaries and may cover such topics as outsourcing, horizontal mergers, and strategic commitment.