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Patrick A. Scholten

Associate Professor, Economics
Ph.D., Indiana University, 2003
M.A., Indiana University, 2000
B.A., Michigan State University, 1992
Office: Adamian Academic Center 167 | 781.891._2679 | pscholten@bentley.edu
Department Phone: 781.891._2423 | Department Fax: 781.891.2896
                       


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Bio

Research interest focuses on the organization and behaviors of firms in online retail markets. More general research and teaching interests include industrial organization, managerial economics, applied game theory and applied econometrics. Professor Scholten's research has appeared in the Journal of Industrial Economics, Journal of Public Policy and Marketing and Advances in Applied Microeconomics. In addition, he has co-authored several managerial case studies that appear in the Instructor's Manual to Accompany Managerial Economics and Business Strategy, 4th. For more information about his research, please visit his website at http://nash-equilibrium.com/

Teaching Interests

Industrial Organization; The Economics of E-commerce; General Microeconomics; Applied Econometrics; Business Statistics

Research Interests

Industrial Organization; The Economics of E-commerce; Applied Game Theory; Applied Econometrics; Public Policy; Finance/Derivative Markets

Consulting/Practice Interests

Strategic Industry/Firm Behavior; Pricing in Internet Markets; Statistical Analysis of Market Data

Professional Memberships

Industrial Organization Society
Southern Economic Assocation
American Economic Association

Awards and Honors

2013, 2013 NBES Best Paper Award, National Business and Economic Society/Costa Rican Conference
2008, Grant from the Net Institute in conjunction with the Kauffman Foundation.
2008, Grant from the Net Institute in conjunction with the Kauffman Foundation.
2005, 2004 Best Article Price, Journal of Industrial Economics, 2005. Award given to the best published paper in 2004.
2003, Fred and Judy Witney Scholarship Award, Indiana University, 2003 Award given to recognize outsanding scholarship by and Indiana University graduate student.

Publications

Journal Articles
Baye, M. R., Morgan, J., Scholten, P. A. Price Dispersion in the Small and in the Large: Evidence from an Internet Price Comparison Site. Journal of Industrial Economics, LII (4), 463-496.

Scholten, P. A., Ortmeyer, D. L., Livingston, J. A., Wong, W. (2013). A hedonic approach to testing for indirect network effects in the LCD television market. Applied Economics Letters, 20 (1), 76-79. (link)

Kamis, A., Haughton, D. M., Gulley, O. D., Scholten, P. A. (2010). A Structural Equation Model of Gambling in the United Kingdom. International Journal of Statistics & Economics, 5 (A10).

Scholten, P. A., Livingston, J. A., Chen, S. (2009). Do Countercyclical-Weekend Effects Persist in Online Retail Markets? Electronic Commerce Research and Applications, 8 (4).

Haughton, D. M., Kamis, A., Scholten, P. A. (2006). A Review of three directed acyclic graphs software packages: MIM, Tetrad, and Win Mine. The American Statistician, 60 (3), 272-286.

Baye, M. R., Morgan, J., Scholten, P. A. (2004). Temporal Price Dispersion: Evidence from Shopper.com. Journal of Interactive Marketing, 18 (4), 101-115.

Baye, M. R., Morgan, J., Scholten, P. A. (2003). The Value of Information in an Online Consumer Electronics Market. Journal of Public Policy and Marketing, 22 (1), 17-25.

Chen, J., Scholten, P. A. (2003). Price Dispersion, Product Characteristics, and Firms' Behaviors: Stylized Facts from Shopper.com. Advances in Applied Microeconomics.

Book Chapters
Baye, M. R, Morgan, J, Scholten, P. A. (2006). Persistent Price Dispersion in Online Markets. In Jansen, Dennis (Eds.),  (pp. 122-143). Northampton, MA: . Edward Elgar

Baye, M. R, Morgan, J, Scholten, P. A. (2006). Information, Search and Price Dispersion. In Hendershott, Terry (Eds.), Handbook on Economics and Information (pp. 323-375). New York: . Elsevier

Scholten, P. A, Smith, S. A. (2002). Price Dispersion Then and Now: Evidence from Retail and E-tail Markets. In Baye, Michael R (Eds.),  (pp. 63-88). Oxford: . Elsevier Science

Other(s)
Baye, M. R, Scholten, P. A. (2008). Instructors Manual to Accompany Managerial Economics and Business Strategy.

Baye, M. R, Scholten, P. A. (2005). Instructors Manual to Accompany Managerial Economics and Business Strategy, 5th Edition.

Baye, M. R, Scholten, P. A. (2003). Instructors Manual to Accompany Managerial Economics and Business Strategy, 4th Edition.

Conference Proceedings and Presentations

Scholten, P. A., Jackson, A. L. (2013). "Price and Quality in a New Product Monopoly with Truncated Demand." Presented at the National Business and Economics Society, Costa Rica.

Scholten, P. A., Jackson, A. L. (2011). "Pricing and Quality in a New Product Monopoly with Truncated Demand." Presented at the Eurasian Business and Economic Soceity's EBES 2011 Conference, Zagreb, Croatia.

Scholten, P. A. (2011). Presented at the Organization of Economic Co-Operation and Development's Round Table on Measuring Internet Activity, Paris, France.

Scholten, P. A., Livingston, J. A., Ortmeyer, D. L., Wong, W. (2011). "Empirically Testing for Indirect Network Externalities in the LCD Television Market." Presented at the National Business and Economics Society 's National Business and Economics Society , Willemstad, Curacao.

Gulley, O. D., Haughton, D. M., Scholten, P. A., Kamis, A. (2010). "A Structural Equation Model of Gambling in the United Kingdom." Presented at the Eastern Economic Association, Philadelphia, PA.

Livingston, J. A., Ortmeyer, D. L., Scholten, P. A., Wong, W. (2009). "Empirically Testing for Indirect Network Externalities in the LCD Television Market." Presented at the 67th International Atlantic Economic Conference, Rome, Italy.

Gulley, O. D., Haughton, D. M., Kamis, A., Scholten, P. A. (2008). "A Structural Equation Modeling of Gambling in the UK." Presented at the Southern Economics Association, Washington, DC.

Scholten, P. A., Livingston, J. A., Chen, J. (2007). "The Nature of Sales in Online Markets: Asymmetric Consumer Information or Benefits to Bulk Shopping." Presented at the International Atlantic Economic Society's 64th International Atlantic Conference, Madrid, Spain.

Scholten, P. A., Yu-Chen, L. (2006). "Pricing Behaviors of Firms on the Internet – Evidence from Price Comparison Sites CNet and NexTag." Presented at the European Association for Research in Industrial Economics (EARIE)'s 33rd EARIE Annual Conference, Amsterdam, Netherlands.

Scholten, P. A., Chen, J., Livingston, J. A. (2005). "The Timing and Nature of Price Adjustments in Electronic Retail Markets: Evidence from a Price Comparison Site." Presented at the Souther Economic Association's 75th Southern Economic Association Annual Conference, Washington, D.C..

Scholten, P. A., Livingston, J. A., Chen, J. (2003). "The Timing and Nature of Price Adjustments in Electronic Retail Markets: Evidence from a Price Comparison Site." Presented at the ZEW's 4th ZEW Conference on the Economics of Information and Communication Technologies, Mannheim, Germany.

Service

Department Service
Committee Member for Principles Committee, 2011 - Present
Committee Member for Graduate Studies Committee, 2003 - Present
Department of Economics Faculty Senate Representative, 2011 - 2013

University Service
Department Chair for Department of Economics, 2013 - Present
Task Force Member for Retirement Investment Planning Committee, 2011 - Present
Faculty Senate Representative on the SubCommittee for Board of Trustees Student Affairs Committee, 2011 - 2013
Committee Member for Faculty Senate, 2011 - 2013
Mentor for Student for LSM Mentor, 2011 - 2012
Task Force Member for Academic Integrity Board, 2003 - 2011

Professional Service
Reviewer, Journal Article for Economic Letters - 2012
Reviewer, Journal Article for The Rand Journal of Economic - 2012
Reviewer, Journal Article for Contemporary Economic Policy - 2011
Reviewer, Journal Article for International Journal of Industrial Organization - 2011
Economic Letters - 2010
Reviewer, Journal Article for European Economic Review - 2010
Reviewer, Journal Article for The Journal of Legal Studies - 2010
Reviewer, Journal Article for Review of Industrial Organization - 2010
Reviewer, Journal Article for Scandinavian Journal of Economics - 2010
Reviewer, Journal Article for Southern Economic Journal - 2009

Public Service
Officer, Treasurer for Windham Presbyterian Church, 2004 - 2008