Areas of Expertise:
- Industrial Organization, Microeconomics, Game Theory, E-Commerce, Antitrust.
An expert in antitrust, consumer protection, game theory and pricing, Baye served as Director of the Bureau of Economics at the Federal Trade Commission (2007 and 2008) and as the Chairman of the Consumer Financial Protection Bureau's Academic Research Council (2019 and 2020).
Baye’s research focuses on pricing strategies and their impact on consumer welfare and firm profits in both online and traditional markets. His academic work on mergers, auctions, patents, advertising, online markets, and other areas related to antitrust and consumer protection has been published in leading economics and marketing journals.
Michael Baye uses tools from game theory and industrial organization to derive equilibrium strategies in network industries, mergers, auctions, and contests. Much of this research concerns pricing strategies in oligopoly environments where consumers view the products sold by different firms to be close substitutes.