Dr. Michael D. Noel
(Ph.D., M.I.T.)
Associate Professor
Dept. of Economics
Texas Tech University
+1 (806) 853-7204

Price Fixing and Other Antitrust Issues

Professor Noel is an expert on the economics of price fixing, market division, and other coordinated effects issues, the econometric techniques used to evaluate them, and the calculation of potential damages in such matters. He has expertise on broader antitrust matters as well, applying a combination of economic theory and econometric and statistical techniques to evaluate issues such as price discrimination, predatory pricing, resale price maintenance, refusal to deal, 2.305 claims, and other issues.

Merger Analyses

Professor Noel is an expert in evaluating potential competitive effects from proposed mergers. He has taught, published on, and worked with econometric merger simulations, merger simulation lite, upward price pressure, critical loss analysis, cross-sectional and intertemporal benchmarking, SSNIP, and other advanced methods of evaluating potential mergers.

Oil & Gas Economics

Professor Noel has published extensively on competition in the Oil & Gas sector, and has given seminars on the topic around the world. His work on dynamic gasoline price competition and gasoline price cycles is particularly widely cited by economists and competition authorities. Over the past twenty years, Professor Noel has worked with industry, government, and the legal community to assist them in understanding Oil & Gas industry competition, and regularly discusses competition issues with the media.

Cross-Industry Expertise

Professor Noel has applied his antitrust and merger expertise to a wide range of other industries outside of Oil & Gas, including retail products, supermarkets, managed health care, pharmaceuticals, packaged software, payment cards, book publishing, online search, communications, auto manufacturing, and others.

Labor and Employment

Professor Noel is also skilled in labor and employment matters, including discrimination issues, wage and hour issues, pattern or practice issues, and damages. He regularly discusses current events in labor markets with the local and national media.

Econometrics and Data-Driven Analysis

Professor Noel is an M.I.T.-trained empirical economist with decades of experience working with large and complex datasets. Applying the relevant econometric and statistical techniques to the data, Professor Noel has a knack for reducing complex issues into simple and easy-to-understand takeaways for non-economists and economists alike.

 Areas of Expertise

  • Antitrust
  • Mergers
  • Oil & Gas
  • Labor & Employment
  • Econometrics & Statistics
  • Quantitative Analysis
  • Large Datasets

Antitrust Areas

  • Price fixing
  • Market division
  • Price discrimination
  • Predatory pricing
  • Resale price maintenance
  • Tying and bundling
  • Foreclosure
  • Exclusive dealing
  • Refusal to deal
  • Contracts
  • Damages

Merger Areas

  • Merger Simulation and Merger Simulation Lite
  • Upward Price Pressure
  • Benchmark Analysis
  • Predictive Analysis
  • Market Definition and SSNIP

Labor and Employment Areas

  • Wage discrimination
  • Pattern and Practice
  • Wrongful termination and workplace injury damages