Profile

Michael Waldman

Michael Waldman

Charles H. Dyson Professor of Management
Professor of Economics

Email: mw46@cornell.edu
323 Sage Hall
Samuel Curtis Johnson Graduate School of Management
Cornell University
Ithaca, NY 14853-6201
Phone: 607-255-8631

Professor Waldman, the Charles H. Dyson Professor of Management and Professor of Economics, has served on the faculty of the Samuel Curtis Johnson Graduate School of Management at Cornell University since 1991. He is widely recognized as one of his field's top researchers in the area of applied microeconomic theory, where his main fields of interest are industrial organization, labor economics, and organizational economics. In these areas, he is best known for his work on learning and signaling in labor markets, the operation of durable goods markets, and the strategic use of tying and bundling in product markets.

In addition to his work in industrial organization, labor economics, and organizational economics, Waldman has also conducted research on a diverse set of topics including the role of expectational shocks in business cycle fluctuations, the role of tied transfers in family and government decision making, how the theory of natural selection can explain systematic errors in decision making, and the ramifications of limitedly rational behavior for market outcomes.

Waldman has published in many of the top journals in economics, including the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Review of Economic Studies, Economic Journal, Rand Journal of Economics, Journal of Law and Economics, Journal of Law, Economics, and Organization, Journal of Economic Perspectives, and Journal of Labor Economics. He has also published a number of book chapters in highly regarded outlets, including chapters in the Handbook of Labor Economics, The New Palgrave Dictionary of Economics, and the American Bar Association's Issues in Competition Law and Policy. Waldman also has a chapter forthcoming in the Handbook of Organizational Economics.

In 2003, Waldman was the recipient of the Johnson Faculty Research Award and in 2008 he, along with coauthors Dennis W. Carlton and Joshua Gans, won the Robert F. Lanzillotti Prize for the Best Paper in Antitrust Economics presented at the 2008 International Industrial Organization Conference.

Waldman received a Bachelor of Science in economics from MIT in 1977 and a PhD from the economics department at the University of Pennsylvania in 1982. Following a post-doctoral position at the University of California at Los Angeles in 1982-83, he was hired by the university as assistant professor in the department of economics. He was promoted by UCLA to associate professor with tenure in 1989. In 1991, he moved to Johnson as a full professor of economics. He was given the Charles H. Dyson Chair in Management in 1997. In 2011 Waldman’s appointment at Cornell was changed to include membership in the university’s department of economics where he is a full professor. Waldman has also visited Yale's School of Organization and Management and Chicago's Graduate School of Business, where he was the John M. Olin Visiting Professor during the 1997-98 academic year.

Waldman is listed in both the 3rd and 4th editions of Who's Who in Economics and in various editions of Marquis Who's Who in America, Marquis Who's Who in the World, Marquis Who's Who in Science and Engineering, and Marquis Who's Who in American Education.

During his 21 years at Cornell, Waldman has served both Johnson and the university in numerous capacities. He has chaired three different MBA curriculum reviews and has served as the chair of Johnson’s Faculty Policy Committee multiple times. In October 2008, Waldman began a four-year term as director of the Institute for the Advancement of Economics at Cornell. He was appointed by then Acting Provost David Harris to lead the council in its work to improve and raise the profile of the economics discipline university-wide. During the 2009-2010 academic year Provost Kent Fuchs appointed Waldman to the university's Strategic Planning Advisory Council. This was an 8 member committee consisting of faculty drawn from the various colleges at Cornell. The committee drafted a long-term strategic plan for the university that identifies the goals, strategies, tactics, and metrics that will define the Cornell of the future. During the 2010-2011 academic year Provost Kent Fuchs appointed Waldman to be the chair of a university-wide Economics Reorganization Committee which had the charge of formulating a plan for reorganizing and improving the economics community at Cornell. The university implemented the committee’s plan on July 1, 2011.

In service to the discipline of economics, Waldman served as a co-editor at the Journal of Economic Perspectives, from 2000 to 2006, has been an associate editor at the Quarterly Journal of Economics since 2000, and in 2009 he started a five-year term as an editor at the Journal of Labor Economics. He was also a member in 2004 of the American Economics Association Program Committee, and in 2009 a member of the International Industrial Organization Conference Program Committee.

Waldman has recently explored whether the exploding growth in autism diagnosis rates over the last few decades can be partially explained by the existence of an environmental trigger for autism that has become more prevalent over time. He is the lead author of “Autism Prevalence and Precipitation Rates in California, Oregon, and Washington Counties" which appears in the November 2008 issue of Archives of Pediatrics & Adolescent Medicine. This paper provides evidence consistent with the existence of an important environmental trigger for autism among genetically vulnerable children that is positively associated with precipitation. He is also the lead author of the 2006 National Bureau of Economic Research Working Paper, titled "Does Television Cause Autism?," and the 2012 National Bureau of Economic Research Working Paper, titled “Positive and Negative Mental Health Consequences of Early Childhood Television Watching.” These papers provide evidence consistent with the specific environmental trigger being early childhood television viewing. Waldman plans to continue conducting research on this topic.


Websites:

Curriculum Vitae (CV)

Click here to view the curriculum vitae (PDF document).

Accepted Papers

  • Carlton, Dennis W.; Waldman, Michael.  "Robert Bork's Contributions to Antitrust Perspectives on Tying Behavior"  Journal of Law and Economics  (Accepted)

Published Papers

Working Papers

  • Waldman, Michael; Zax, Ori.  "An Exploration of the Promotion Signaling Distortion"
  • Waldman, Michael; Kim, Jin-Hyuk.  "Digital Rights Management, Exclusionary Tying, and Licensing"
  • Waldman, Michael; Nicholson, Sean; Adilov, Nodir.  "Does Television Cause Autism?"
  • Waldman, Michael; Guha, Rahul.  "Leasing Solves the Lemons Problem"
  • Gerstle, Ari; Waldman, Michael.  "Mergers in Durable-Goods Industries: A Re-Examination of Market Power and Welfare Effects"
  • Smeets, Valerie; Waldman, Michael; Warzynski, Frederic.  "Performance, Career Dynamics, and Span of Control"
  • Waldman, Michael; Nicholson, Sean; Adilov, Nodir.  "Positive and Negative Mental Health Consequences of Early Childhood Television Watching"

Scholarly Books

Book Chapters