Patrick Scholten

  • Professor, Economics
  • Ph.D. Indiana University
  • M.A. Indiana University
  • B.A. Michigan State University
  • Office: Morison Hall - 189 | 781.891.2679 | PScholten@BENTLEY.EDU
  • Department Phone: 781.891.2423 | Department Fax: 781.891.2896

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 Links

Professional Memberships

  • Industrial Organization Society Present
  • Southern Economic Assocation Present
  • American Economic Association 2003 - Present
  • 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., Networks, Electronic Commerce and Telecommunication ("NET") Institute
  • 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


  • 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 1-31. (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. 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.

    Book Chapters


  • Baye, M. R., Morgan, J., Scholten, P. A. (2006). Information, Search and Price Dispersion In Hendershott, Terry, (Eds.) Handbook on Economics and Information. 323-375. New York: Elsevier Forthcoming.
  • Baye, M. R., Morgan, J., Scholten, P. A. (2006). Persistent Price Dispersion in Online Markets In Jansen, Dennis, (Eds.) . 122-143. Northampton, MA: Edward Elgar
  • Scholten, P. A., Smith, S. A. (2002). Price Dispersion Then and Now: Evidence from Retail and E-tail Markets In Baye, Michael R, (Eds.) . 63-88. Oxford: Elsevier Science

  • Conference Papers


  • Scholten, P. A., Livingston, J. A., Ortmeyer, D. L., Wong, W. (2011). Empirically Testing for Indirect Network Externalities in the LCD Television Market National Business and Economics Society , National Business and Economics Society .
  • Scholten, P. A., Livingston, J. A., Chen, J. (2007). The Nature of Sales in Online Markets: Asymmetric Consumer Information or Benefits to Bulk ShoppingInternational Atlantic Economic Society, 64th International Atlantic Conference.
  • 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 SiteSouther Economic Association, 75th Southern Economic Association Annual Conference.
  • 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 SiteZEW, 4th ZEW Conference on the Economics of Information and Communication Technologies.

  • 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.
  • Presentations

  • 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 theNational 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 theEastern 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 the67th 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 theSouthern 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 – 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

    Department Service


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


  • Administrative Assignment, Other for Bentley University 2018 - 2020
  • Department Chair for Department of Economics 2013 - 2018
  • Task Force Member for Retirement Investment Planning Committee 2011 - 2018
  • 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


  • Associate Editor for Case Studies in Business, Industry and Government - 2014
  • Reviewer, Journal Article for Journal of Industrial Economics - 2014
  • 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