` Michael D. Noel - Noel Economics


Michael D. Noel
Associate Professor
of Economics
Texas Tech University

Explore Professor Noel's research articles
Working paper and pre-publication versions of many of Professor Noel's published research articles can be found here.

Explore Professor Noel's courses
A list of courses offered by Professor Noel in Industrial Organization, Antitrust, and Microeconomics, past and present, can be found here

Professor Noel's Curriculum Vitae
A list of Professor Noel's publications, professional positions, education, and other work can be found here.

Associate Professor of Economics
Texas Tech University


Selected Publications and Working Papers


(Links are to earlier working paper versions. Final versions available at the relevant journals.)

Noel, Michael D. (forthcoming). “Pricing Strategies and Litigation Risks: An Economic Analysis of the Downstream Petroleum Industry", Journal of Competition Law and Economics.

Noel, Michael D. and Travis Roach (2016) "Regulated and Unregulated Substitutes: Aversion Effects from an Ethanol Mandate", Economic Inquiry 54:2, pp. 1150-1166.

Noel, Michael D. (2016). “Retail Gasoline Markets” in the Handbook on the Economics of Retail and Distribution, E. Basker (ed.), Edward Edgar Publishing.

Noel, Michael D. (2015) "Do Edgeworth Price Cycles Lead to Higher or Lower Prices?". International Journal of Industrial Organization 42:3, pp. 81-93.

Noel, Michael D. and L. Chu (2015) "Forecasting Gasoline Prices in the Presence of Edgeworth Price Cycles".Energy Economics 51, pp. 204-214.

Noel, Michael D. and Schankerman, Mark (2013). "Strategic Patenting and Software Innovation", Journal of Industrial Economics 61:3, pp. 481-520.

Noel, Michael D. (2013). "The 2012 Abuse of Dominance Guidelines: An Economic Review", Canadian Competition Law Review 26:1, pp. 59-77.

Noel, Michael D. (2012). "Edgeworth Price Cycles and Intertemporal Price Discrimination", Energy Economics 34(4), pp. 942-954.

Noel, Michael D. (2012). "Market Definition Does Not Yield Evidence of Class-Wide Impact", The Antitrust Practitioner, Vol. 9, June 2012, pp. 14-18.

Lewis, Matthew S. and Noel, Michael D. (2011). "The Speed of Gasoline Price Response in Markets with and without Edgeworth Cycles", Review of Economics and Statistics 92(3), pp. 672-682.

Noel, Michael D. (2011). "Upward Price Pressure, Merger Simulation, and Merger Simulation Light", CPI Antitrust Chronicle Spring 2011 3:1.

Noel, Michael D. (2011). "Edgeworth Price Cycles", New Palgrave Dictionary of Economics, Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan.

Noel, Michael D. (2009). "Do Gasoline Prices Respond Asymmetrically to Cost Shocks? The Effect of Edgeworth Cycles", RAND Journal of Economics 40:3, pp.582-595.

Basker, Emek and Noel, Michael D. (2009). "The Evolving Food Chain: Competitive Effects of Wal-Mart's Entry into the Supermarket Industry", Journal of Economics and Management Strategy 18:4, pp. 977-1009.

Noel, Michael D. (2008). "Edgeworth Cycles and Focal Prices: Computational Dynamic Markov Equilibria", Journal of Economics and Management Strategy 17:2, pp. 345-377.

Evans, David E. and Noel, Michael D. (2008). "The Analysis of Mergers that Involve Multi-sided Platform Businesses" , Journal of Competition Law and Economics 2008:4, pp. 663-695.
Reprinted as "Defining Markets that Involve Two-Sided Platforms" in Platform Economics: Essays on Multi-Sided Businesses, D. Evans (ed.), CPI Policy International e-book, 2011.

Noel, Michael D. (2007). "Edgeworth Price Cycles: Evidence from the Toronto Retail Gasoline Market", Journal of Industrial Economics 55:1, pp. 69-92.

Noel, Michael D. (2007). "Edgeworth Price Cycles, Cost-based Pricing and Sticky Pricing in Retail Gasoline Markets", Review of Economics and Statistics 89:2, pp. 324-334.

Evans, David S. and Noel, Michael D. (2005). "Defining Antitrust Markets when Firms Operate Multi-Sided Platforms", Columbia Business Law Review, 2005:3 pp. 667-702.


Conference Proceedings and Other Publications:

Noel, Michael D. et al. (2014). "Consumer Market Study on the Functioning of the Market for Vehicle Fuels from a Consumer Perspective". Report for the Executive Agency for Health and Consumers (EAHC) on behalf of the European Commission.

Noel, Michael D. (2013) "Pricing Patterns and Behaviors that Cause Litigation Risks", 2013 Petroleum Marketing Attorneys' Meeting, Washington, DC.

Basker, Emek and Noel, Michael D. (2013) "Competition Challenges in the Supermarket Sector with an Application to Latin American Markets", Report for the World Bank and the Regional Competition Center for Latin America.(Published in Spanish as "Desafios de la Competencia en el Sector de Supermercados con Aplicacion a los Mercados de America Latina" (2014).)

Basker, Emek and Noel, Michael D. (2013) "Regional Competition Center for Latin America Presents: Competition Challenges in the Supermarket Sector", CPI Policy International Newsletter.

Noel, Michael D. (2012). "Excessive Volatility in Gasoline Prices? Economic Research Shows that Many Price Spikes and Other Patterns, Often the Subject of Antitrust Concern, Are in Fact Consistent with Competition", American Bar Association, Section of Antitrust Law, Transportation and Energy Committee Newsletter, Spring 2012.

Noel, Michael D. (2012). "Blowing Up the Rockets and Feathers Conspiracy", Law360 (Competition and Energy Law), online, January 19, 2012.

Noel, Michael D. (2011). "The Promise of Unconventional Oil", Oil & Gas Monitor, online, December 19, 2011.

Noel, Michael D. (2005). "Is the City's Recently Passed Gas-Gouging Bill Responsible Public Policy?", San Diego Ddaily Transcript, San Diego: September 14, 2005, p. A9.


Working Papers:

Noel, Michael D. T. Roach (2016) "Marginal Effects in Vehicle Emissions Following an Ethanol Mandate: Evidence from a Natural Experiment". Revise and resubmit

Noel, Michael D. (2016) "Calendar Synchronization of Gasoline Prices".

Noel, Michael D. (2016) "Gasoline Price Dispersion and Search: Evidence from a Natural Experiment".


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