Michael Mazzeo
Michael Mazzeo

Associate Professor of Strategy

Print Overview

Michael J. Mazzeo is an Associate Professor in the Department of 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. He is also a co-author of the recent book: "Roadside MBA: Backroad Lessons for Entreprenuers, Executives and Small Business Owners"

Mazzeo teaches Kellogg's core class in Business Strategy in Kellogg's MBA and EMBA programs.  He is a three-time recipient of the Chairs' Core Course Teaching Award. He is also the academic director of Kellogg's open enrollment executive program in Competitive Strategy. He joined the faculty in 1998 after completing his PhD in economics at Stanford University.

Areas of Expertise
Industrial Organization Economics

Print Vita
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

Honors and Awards
Emmy Award Nominee – National Academy of Television Arts and Sciences, San Francisco/Northern California Chapter in the “Informational/Instructional Program/Special” Category
Recipient -- Key to the City, Dothan, Alabama
Samsung Patent Prize, Stanford University, 2011
Honorable Mention, Dick Wittink Prize, Quantitative Marketing and Economics journal, 2010

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

Print Research
Research Interests
Industrial organization, organizational economics, strategy

Hochberg, Yael V., Michael Mazzeo and Ryan McDevitt. 2015. Specialization and Competition in the Venture Capital Industry. Review of Industrial Organization. 46: 323-347.
Mazzeo, Michael, Jonathan H. Ashtor and Samantha Zyontz. 2014. Patents at Issue: The Data Behind the Patent Troll Debate. George Mason Law Review. 21(4): 957-978.
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. 2016. The Welfare Consequences of Mergers with Product Repositioning.
Cullen, JulieBerry and Michael Mazzeo. 2016. Implicit Performance Awards: An Empirical Analysis of the Labor Market for Public School Administrators.
Book Chapters
Mazzeo, Michael and Ryan McDevitt. 2014. "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.
Mazzeo, Michael, Paul Oyer and Scott Schaefer. 2014. Roadside MBA. New York: Hachette Book Group.
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-430-5)
This course was formerly known as DECS 430-A/DECS 430-B
This course is equivalent to the MMM core course MMM Business Analytics (DECS-440) 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.

Full-Time students are required to complete the Business Analytics Prep Course

Part-Time Students are required to complete the Business Analytics Prep Course

Strategies for Growth (STRT-955-5)

**This course was formerly known as 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 the professor's "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
Frameworks for Strategic Analysis (STRTX-430-0)

Foundations for Strategy Formulation (STRTX-431-0)

Executive Education
Competitive Strategy
Gain the insights you need to secure and maintain your organization’s competitive strategy long-term through this interactive learning experience. With a blend of modern theory, strategic analysis and practical application, this program readies you for sustainable strategic success based on time-tested economic principles for profitability and growth.
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Driving Organizational Change
Successful leaders do not simply respond to change, they recognize that driving change is an ongoing imperative. In this innovative program you will engage in project-focused learning using real-life challenges as a testing ground for putting into practice the latest theories and tools for making your business more agile and the humans involved more resilient.
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