Richard L. Schmalensee

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Richard L. Schmalensee
Native name
Richard Lee Schmalensee
InstitutionMassachusetts Institute of Technology
Alma materMassachusetts Institute of Technology
Franklin M. Fisher
Carl Shapiro[2]
Other notable studentsSeverin Borenstein
Information at IDEAS / RePEc

Richard Lee "Dick" Schmalensee (born 1944) is the John C. Head III Dean, Emeritus and the Howard W. Johnson Professor of Management, Emeritus at the MIT Sloan School of Management. He is also Professor of Economics, Emeritus, at the Department of Economics at MIT.

Professor Schmalensee is an expert on regulation and antitrust policy, and is known for serving on the President's Council of Economic Advisers from 1989 through 1991 as well as his testimony in the Microsoft antitrust trial, in which he testified as an expert witness in favor of Microsoft. Frank Fisher, another MIT economist who was Schmalensee's former thesis advisor, also testified in these trials, but in favor of the Department of Justice that was prosecuting Microsoft. Schmalensee is also an expert on energy and environmental policy and served on the National Commission on Energy Policy. He is Chairman, Emeritus of the Board of Resources for the Future and a member of the Executive Committee of the Board of the National Bureau of Economics Research.

Schmalensee's most recent book is Matchmakers (with David S. Evans), which deals with the economics of and management challenges faced by multi-sided platform businesses. He is Chairman of Market Platform Dynamics, a consulting firm focused on such businesses, and a Director of The Global Economics Group.

Schmalensee received his S.B. and Ph.D. in Economics from MIT.


  • David Sparks Evans; Richard Schmalensee (2005). Paying with Plastic: The Digital Revolution in Buying and Borrowing. MIT Press. ISBN 978-0-262-55058-1.
  • David S. Evans; Richard Schmalensee (3 May 2016). Matchmakers: The New Economics of Multisided Platforms. Harvard Business Review Press. ISBN 978-1-63369-173-5.


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