Michael Powell

Associate Professor (without tenure) of Strategy, Kellogg School of Management, Northwestern University
Visiting Professor, Department of Economics, Harvard University
Address: 2211 Campus Drive, Evanston, IL 60208
Phone: (847) 491-8676

Research Interests: Organizational Economics, Personnel Economics, Relational Contracts, Theory of the Firm


Managing Careers in Organizations, with Rongzhu Ke and Jin Li, JOLE, January 2018. Slides.

Power Dynamics in Organizations, with Jin Li and Niko Matouschek, AEJ: Micro, February 2017. Slides.

An Influence-Cost Model of Organizational Practices and Firm BoundariesJLEO, August 2015. Slides.

Organization and Information: Firms' Governance Choices in Rational-Expectations Equilibrium, with Robert Gibbons and Richard Holden, QJE, November 2012.

Unpublished Papers

Markets for Rhetorical Ability, with Dan Barron, Mar 2018.

Policies in Relational Contracts, with Dan Barron, revised Feb 2018. Slides. Resubmitted, AEJ: Micro.

The Firm-Growth Imperative: A Theory of Production and Personnel Management, with Jin Li and Rongzhu Ke, Jan 2018.

Multilateral Interactions Improve Cooperation Under Random Fluctuations, with Jin Li, revised Jan 2018. Resubmitted, GEB.

Productivity and Credibility in Industry Equilibrium, revised Dec 2017. Resubmitted, RAND.

Behavioral Constraints on the Design of Subgame-Perfect Implementation Mechanisms, with Ernst Fehr and Tom Wilkening, revised Feb 2017. R&R, AER.

Sticking Points: Common-Agency Problems and Contracting in the U.S. Healthcare System, with Brigham Frandsen and Jim. Rebitzer, revised Jan 2017. Slides. R&R, RAND.

Work in Progress

Chains of Opportunity Revisited: Evidence from a Pension Reform, with Nicola Bianchi, Giulia Bovini, Jin Li, and Matteo Paradisi.


Lecture notes for Organizational Economics PhD sequence, with Dan Barron, Spring 2017.

Lecture notes for General Equilibrium and Contracts, Spring 2018