Professor Masten joined the University of Michigan faculty in 1984, following two years as a member of the economics faculty at the University of Virginia. He received his PhD in economics from the University of Pennsylvania and his A.B. from Dartmouth College. He held the Louis and Myrtle Moskowitz Research Professorship in Business and Law in 1998-99.
Professor Masten's research focuses on issues at the intersection of law, economics, and organization and his work has made him a leading scholar in the area of transaction cost economics. He has published numerous articles relating to contracting, vertical integration, and antitrust and is currently working on a book titled The Organization and Governance of Higher Education.
Since joining the University of Michigan, Professor Masten has taught the core MBA Applied Microeconomics course and MBA electives on Business Transactions and on Nonprofit and Cooperative Enterprise. He also teaches a doctoral seminar on the Economics of Institutions and Organization and has taught Contract Design and Interpretation and Economic Analysis of Law in the University of Michigan Law School.
Professor Masten was co-editor of Economic Inquiry from 1997-2001 and is currently General Editor of the Elgar Business Economics Series and a co-editor of The Journal of Economics and Management Strategy. He is also an associate editor or editorial board member of The Journal of Law, Economics, and Organization, The Journal of Corporate Finance, and Managerial and Decision Economics. He is president of the International Society for New Institutional Economics.
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