Patrick Scholten

Patrick Scholten

  • Professor, Economics
  • Ph.D. in Economics, Indiana University
  • M.A. in Economics, Indiana University
  • B.A. in Economics, Michigan State University

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

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

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/

Professional Memberships

  • American Economic Association 2003-07-01 - Present

    • Awards and Honors

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

    • Scholarly Contributions and Creative Productions

    Journal Articles

  • Deichmann, J. I., Grubaugh, S. G., Scholten, P. A. (2022). FDI Propensity and Geo-Cultural Interaction in Former Yugoslavia: Pairwise Analysis of Origin and Destination Countries. Eurasian Economic Review March 31-Jan. (Link)
  • Livingston, J. A., Scholten, P. A. (2019). The Effect of ID Verification in Online Auctions: Evidence from a Field Experiment. Review of Industrial Organization, (54) 3 595-615. (Link)
  • Alexander, M. M., Kirschner, C., Scholten, P. A., Yates, D. J. (2018). Health Privacy and (Lack Of) Legal Protections in a Technology-Driven Economy. North Carolina Journal of Law & Technology, (19) 1
  • 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.
  • Chen, J., Scholten, P. A. (2003). Price Dispersion, Product Characteristics, and Firms' Behaviors: Stylized Facts from Shopper.com. Advances in Applied Microeconomics
  • 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.
  • Baye, M., Morgan, J., Scholten, P. (2003). The value of information in an online consumer electronics market. Journal of Public Policy and Marketing, (22) Issue 1 (Link)
  • Scholten, P., Adam Smith, S. (2002). Price dispersion then and now: Evidence from retail and e-tail markets. Advances in Applied Microeconomics, (11) (Link)
  • Jackson, A. L., Scholten, P. A. Price and Quality in a New Product Duopoly. Forthcoming
  • Quinn, M. A., Scholten, P. A. Predicting Attitudes towards Business: Insights from the Bentley-Gallup Force for Good Survey. Forthcoming
  • Scholten, J., Scholten, P. A. Competitive Balance in NCAA Division I Lacrosse: An Empirical Analysis. Forthcoming
  • Jackson, A. L., Scholten, P. A. Price and Quality in a New Product Monopoly with Truncated Demand. Forthcoming

    • Books

  • Ogunc, A., Scholten, P. A., Wood, M. (). Using Python for the Principles of Econometrics Forthcoming

    • Book Chapters

  • Baye, M. R., Morgan, J., Scholten, P. A. (2006). Information, Search and Price Dispersion Handbook on Economics and Information. New York: Elsevier
  • Baye, M. R., Morgan, J., Scholten, P. A. (2006). Persistent Price Dispersion in Online Markets . Northampton, MA: Edward Elgar
  • Scholten, P. A., Smith, S. A. (2002). Price Dispersion Then and Now: Evidence from Retail and E-tail Markets . Oxford: Elsevier Science

    • Other Scholarly Work

  • Scholten, P. A. Measuring the Internet Economy: Economic Arguments and Evidence for Consumer Surplus. Organization of Economic Co-Operation and Development Forthcoming.

    • Other Teaching Materials

    Presentations

  • Quinn, M., Scholten, P. (2024). “Lowering their carbon footprint and improving worker benefits? Does the public expect businesses to do it all?” Presented at the CYRUS conference
  • Scholten, P., Quinn, M. (2024). “Lowering their carbon footprint and improving worker benefits? Does the public expect businesses to do it all?” Presented at the CYRUS Conference
  • Scholten, P. A., Livingston, J. (2018). “The Effect of ID Verification in Online Markets: Evidence from a Field Experiment” Presented at the Bentley University 2018 IAAE International Association for Applied Econometrics Conference Montreal, Canada
  • 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 EBES 2011 Conference Zagreb, Croatia
  • Scholten, P. A. (2011). Presented at the Organization of Economic Co-Operation and Development 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 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 64th International Atlantic Conference Madrid, Spain
  • Scholten, P. A., Yu-Chen, L. (2006). “Pricing Behaviors of Firms on the Internet ‚Äì Evidence from Price Comparison Sites CNet and NexTag” Presented at the European Association for Research in Industrial Economics (EARIE) 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 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 4th ZEW Conference on the Economics of Information and Communication Technologies Mannheim, Germany

    • Service

    Service: Department

  • Committee Member for Principles Committee 9/3/11 - 6/30/13
  • Department of Economics Faculty Senate Representative for Faculty Senate Member 7/1/11 - 6/30/13
  • Committee Member for Graduate Studies Committee 9/1/03 - 6/30/13

    • Service: Public

  • Officer, Treasurer for Windham Presbyterian Church 1/1/04 - 1/1/08

    • Service: University

  • Administrative Assignment, Other for Bentley University 7/1/18 - 6/30/20
  • Department Chair for Department of Economics 7/1/13 - 6/30/18
  • Mentor for Student for LSM Mentor 12/14/11 - 5/20/12
  • Task Force Member for Retirement Investment Planning Committee 4/19/11 - 6/30/18
  • Faculty Senate Representative on the SubCommittee for Board of Trustees Student Affairs Committee 7/1/11 - 6/30/13
  • Committee Member for Faculty Senate 6/1/11 - 6/30/13
  • Task Force Member for Academic Integrity Board 9/1/03 - 12/31/11