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PAUL MacAVOY AND THE MARKETPLACE OF IDEAS

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  • J. Gregory Sidak

Abstract

Paul MacAvoy's work focused on economic analysis of regulation, antitrust, and other forms of government intervention that constrain the management and strategies of the American corporation. As a scholar and business school dean, he repeatedly faced the questions of how American industry could be persuaded to fund such research and how, if such funding were forthcoming, its recipients would maintain academic standards of rigor and objectivity. I recount here two episodes from different points in Paul's career that reveal his thinking and action concerning these questions. The first was his founding of the Bell Journal of Economics and Management Science in 1970. The second was Paul's role as the outside academic adviser to the American Enterprise Institute's telecommunications deregulation project, beginning in 1992.

Suggested Citation

  • J. Gregory Sidak, 2016. "PAUL MacAVOY AND THE MARKETPLACE OF IDEAS," Journal of Competition Law and Economics, Oxford University Press, vol. 12(3), pages 451-464.
    • Handle: RePEc:oup:jcomle:v:12:y:2016:i:3:p:451-464.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhw013
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    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D2 - Microeconomics - - Production and Organizations
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L00 - Industrial Organization - - General - - - General
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • L42 - Industrial Organization - - Antitrust Issues and Policies - - - Vertical Restraints; Resale Price Maintenance; Quantity Discounts
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General

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