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Stephen Martin

Stephen Martin

Professor of Economics
Economics

Education

Ph.D., Economics, Massachusetts Institute of Technology
B.S., Mathematics, Michigan State University

Professor Martin's research interests include antitrust and competition policy, market integration, and the economics of innovation. His primary teaching interests are industrial economics and the economics of antitrust and competition policy. He has over 40 publications in refereed journals, including "The nature of innovation market failure and the design of public support for private innovation" with John T. Scott, Research Policy, 29(4-5), April 2000, pp. 437-47; "Vertical foreclosure in experimental markets" with Hans-Theo Normann and Christopher Snyder, Rand Journal of Economics, 32(3), Autumn 2001, pp. 466-96; "Spillovers, appropriability, and R&D," Journal of Economics, 75(1), 2002, pp. 1-32; "Sunk cost and entry," Review of Industrial Organization, 20(4), June 2002, pp. 291304; "Competition policy for high technology industries," Journal of Industry, Competition and Trade 1(4), 2001, pp. 441-665; "The evaluation of strategic research partnerships," Technology Analysis & Strategic Management 15(2), June 2003, pp. 159-176, "Competition policy, collusion, and tacit collusion," International Journal of Industrial Organization 24(6), November 2006, "State aid to business," (joint with Paola Valbonesi), Patrizio Bianchi and Sandrine Labory, editors, International Handbook of Industrial Policy, 2006. "Remembrance of things past: antitrust, ideology, and the development of industrial economics," in Ghosal and Stennek, editors, The Political Economy of Antitrust, Elsevier, 2006, "The Goals of Antitrust and Competition Policy," Wayne Dale Collins, editor, Issues in Competition Law and Economics, American Bar Association, 2008, and "Market performance implications of the transfer price rule, (joint with Jan Vandekerckhove), forthcoming, Southern Economic Journal. He is the author of several textbooks, most recently Industrial Organization in Context (Oxford University Press, 2010).

Journal Articles

  • Martin, Stephen, and Choudhury, Subhasish M. (2017). Exclusivity and Exclusion in Platform Markets. Journal of Economics, vol. 120 (2), 95-118.
  • Hinloopen, J. and Martin, S. (2017). Costly location in Hotelling duopoly. Research in Economics, vol. 71 118-128.
  • Martin, S. & Scott, J. T. (2017). GTE Sylvania and Interbrand Competition as the Primary Concern of Antitrust Law. Review of Industrial Organization, vol. 51 (2), 217-233.
  • Banerjee, T. & Martin, S. (2015). Pharmaceutical regulation and innovative performance: a decision-theoretic model. Managerial and Decision Economics, vol. 36 (3), 177-190.
  • Martin, Stephen (2015). Areeda-Turner and the Treatment of Exclusionary Pricing under U.S. Antitrust and EU Competition Policy. Review of Industrial Organization, vol. 46 (2), 229-252.
  • Guenster, A. & Martin, S. (2015). A Holy Alliance: Collusion in the Renaissance Europe Alum Market. Review of Industrial Organization, vol. 47 (1), 1-23.
  • Hinloopen, Jeroen & Martin, Stephen (2015). Introduction: 40 years of Areeda-Turner. Review of Industrial Organization, vol. 46 (2), 205-207.
  • Martin, S. (2015). Refusal to Deal and Investment in Product Quality. Research in Law and Economics, vol. 27 43-66.
  • Martin, S. & Vandekerckhove, J. (2013). Market performance implications of the Transfer Price Rule. Southern Economic Journal, vol. 80 (2), 466-487. | Related Website |
  • Martin, S. (2012). Market Structure and Market Performance. Review of Industrial Organization, vol. 40 87-108.
  • Martin, S. and Valbonesi, P. (2008). Equilibrium state aid in integrating markets. B.E. Journal of Economic Analysis & Policy, vol. 8 (1), article 33. | Download |
  • Martin, Stephen (2006). Competition policy, collusion, and tacit collusion. International Journal of Industrial Organization,
  • Martin, Stephen (2004). Applied industrial organization: methodologies and research agenda. Economia e Politica Industriale, vol. 123 61-80.
  • Martin, S. (2003). The Evaluation of Strategic Research Partnerships. Technology Analysis and Strategic Management, vol. 15 (2), 159-176. | Related Website |
  • Martin, S. (2002). Spillovers, Appropriability, and R&D. Journal of Economics, vol. 75 (1), 1-32.
  • Martin, S. (2002). Sunk Cost and Entry. Review of Industrial Organization, vol. 20 (4), 291-304. | Related Website |
  • Martin, S., Normann, H., & Snyder, C. (2001). Vertical Foreclosure in Experimental Markets. Rand Journal of Economics, vol. 32 (3), 466-96. | Related Website |
  • Martin, S. (2001). Competition Policy for High Technology Industries. Journal of Industry, Competition and Trade, vol. 1 (4), 441-65.
  • Martin, S., & Scott, J. (2000). The Nature of Innovation Market Failure and the Design of Public Support for Private Innovation. Research Policy, vol. 29 (5), 437-47.
  • Martin, S. (1999). Trade and Competition. The World Economy, vol. 22 (6), 895-907.
  • Martin, S., & Schrader (1998). Vertical Market Participation. Review of Industrial Organization, vol. 13 (3), 321-31.
  • Martin, S. (1998). Strategic and Welfare Implications of Bundling. Economics Letters, vol. 62 (3), 371-6. | Related Website |
  • Martin, S., & Hinloopen, J. (1997). Market Structure Determinants of National Brand-Private Label Price Differences of Manufactured Food Products: Comment. Journal of Industrial Economics, vol. 45 (2), 219-23.
  • Martin, S. (1996). R&D Joint Ventures and Tacit Product Market Collusion. European Journal of Political Economy, vol. 11 (4), 733-741.
  • Martin, S. (1996). Protection, Promotion and Cooperation in the European Semiconductor Industry. Review of Industrial Organization, vol. 11 (5), 721-735.
  • Martin, S. (1995). Oligopoly Limit Pricing: Strategic Substitutes, Strategic Complements. International Journal of Industrial Organization, vol. 13 (1), 41-65.
  • Martin, S. (1995). European Food Processing Industries. European Review, vol. 3 (2), 147-157.
  • Martin, S. (1994). Private and Social Incentives to Form R&D Joint Ventures. Review of Industrial Organization, vol. 9 (2), 157-171.
  • Martin, S. (1993). Endogenous Firm Efficiency in a Cournot Principal-Agent Model. Journal of Economic Theory, vol. 59 (2), 445-50.
  • Martin, S. & Evans, A. (1991). Socially Acceptable Distortion of Competition: Ec Policy on State Aid. European Law Review, vol. 16 (2), 79-111.
  • Martin, S. (1991). Direct Foreign Investment in the United States. Journal of Economic Behavior And Organization, vol. 6 283-93.
  • Martin, S. (1990). Modeling Oligopolistic Interaction. Review of Industrial Organization, vol. 5 (3), 71-89.
  • Martin, S. (1989). Sunk Costs, Financial Markets, and Contestability. European Economic Review, vol. 33 (6), 1089-113.
  • Martin, S. (1988). Market Power and/or Efficiency?. Review of Economics and Statistics, vol. 70 (2), 331-35.
  • Martin, S. (1988). The Measurement of Profitability and the Diagnosis of Market Power. International Journal of Industrial Organization, vol. 6 (3), 301-21.
  • Martin, S., Scherer, F., Long, W., Mueller, D., Pascoe, G., Ravenscraft, D., & Weiss, L. (1987). The Validity of Studies with Line of Business Data: Comment. American Economic Review, vol. 77 (1), 205-17. | Related Website |
  • Martin, S., Kreinin, M., & Sheehy, E. (1987). Market Structure and the Pass-Through of Exchange-Rate Fluctuations. Weltwirtschaftliches Archiv, vol. 123 (3), 449-62.
  • Martin, S., & Lunn, J. (1986). Market, Firm, and Research and Development. Review of Economics and Business, vol. 26 (1), 31-44.
  • Martin, S. (1986). Causes and Effects of Vertical Integration. Applied Economics, vol. 18 (7), 737-55.
  • Martin, S., & Goddeeris, J. (1985). Policy Change and Structural Change in the Health Care Industry. Antitrust Bulletin, vol. 30 (4), 949-74.
  • Martin, S. (1984). Comment on the Specification of Structure-Performance Relationships. European Economic Review, vol. 24 (2), 197-201.
  • Martin, S. (1984). A Bainsian Interpretation of Von Weizsäcker's Model of Scale Economies. Southern Economic Journal, vol. 50 (44), 1192-95.
  • Martin, S. (1984). The Misuse of Accounting Rates of Return: Comment. American Economic Review, vol. 74 (3), 501-6.
  • Martin, S., & Rence, C. (1984). Vertical Spillovers, Market Concentration, Union Coverage, and Wages. Journal of Labor Research, vol. 5 (2), 177-89.
  • Martin, S. (1984). Testing the Interaction Between Concentration and Barriers to Entry. Review of Industrial Organization, vol. 1 (2), 114-26.
  • Martin, S. (1984). Structure and Performance of U.S. Wholesale Trade. Managerial and Decision Economics, vol. 5 (3), 160-67.
  • Martin, S., & Koo, A. (1984). Market Structure and U.S. Trade Flows. International Journal of Industrial Organization, vol. 2 (3), 173-97.
  • Martin, S. (1983). Vertical Relationships and Industrial Performance. Quarterly Review of Economics And Business, vol. 23 (1), 6-18.
  • Martin, S., Weiss, L., & Pascoe, G. (1983). The Size of Selling Costs. Review of Economics And Statistics, vol. 65 (4), 668-72. | Related Website |
  • Martin, S. (1982). Industry Demand Characteristics and the Structure-Performance Relationship. Journal of Economics and Business, vol. 34 (1), 59-65.
  • Martin, S. (1982). Depletion and Natural Resources. Quarterly Review of Economics and Business, vol. 22 (2), 41-53.
  • Martin, S., & Ravenscraft, D. (1982). Aggregation and Studies of Industrial Profitability. Economics Letters, vol. 10 161-65.
  • Martin, S. (1980). The Inflation-Adjusting Auctioneer: Comment on Obst. Quarterly Journal of Economics, vol. 94 (2), 417-21.
  • Martin, S. (1979). Entry Barriers, Concentration, and Profits. Southern Economic Journal, vol. 46 (2), 471-88.
  • Martin, S. (1979). Advertising, Concentration, and Profitability: The Simultaneity Problem. Bell Journal of Economics, vol. 10 (2), 639-47. | Related Website |

Books

  • Stephen Martin (2010). Industrial Organization in Context. Oxford University Press, Oxford.
  • Martin, S. (2003). Advanced Industrial Economics. Shanghai University of Finance & Economics Press.
  • Martin, S. (2001). Industrial Organization: A European Perspective. Oxford University Press.
  • Martin, S. (1998). Competition Policies in Europe. Elsevier-North Holland Publishers.
  • Martin, S. (1994). The Construction of Europe. Kluwer Academic Publishers.
  • Martin, S. (1988). Industrial Economics: Economic Analysis and Public Policy. Macmillan, First Edition.

Forthcoming Publications

  • Martin, Stephen Kreps & Scheinkman with Product Differentiation. Frontiers of Economics in China,
  • Martin, Stephen The Kaldor-Hicks Potential Compensation Principle and the Constant Marginal Utility of Income. Review of Industrial Organization,
  • Martin, Stephen Economies as an Antitrust Defense: The Welfare Tradeoffs --- Introduction to the Special Issue. Review of Industrial Organization,
  • Stephen Martin The Potential Compensation Principle and the Constant Marginal Utility of Income. Japanese Economic Review,

Book Chapters

  • Martin, S. (2018). Behavioral Antitrust, in Handbook of Behavioral Industrial Organization. Edward Elgar,
  • Martin, Stephen (2018). Dispersion of Power as an Economic Goal of Antitrust Policy. Palgrave Macmillan, 251-290.
  • Martin, S. & El-Agraa, Ali (2010). Energy Policy. Cambridge UP,
  • Martin, S. (2009). The Petroleum Industry. Macmillan, New York.
  • Stephen Martin (2008). The Goals of Antitrust and Competition Policy. American Bar Association, | Related Website | Download |
  • Stephen Martin (2008). Mergers: An Overview. Edward Elgar,
  • Martin, S. (2007). Competition Policy. Oxford University Press,
  • Stephen Martin (2007). Remembrance of Things Past: Antitrust, Ideology, and the Development of Industrial Economics. Elsevier, 25-57. | Related Website | Download |
  • Martin, Stephen (2006). Building on Coal and Steel: European Integration in the 1950s and the 1960s. Oxford University Press, 126-140.
  • Martin, Stephen and Paola Valbonesi (2006). State aid to business. Edward Elgar,
  • Martin, S. (2004). Globalization and the Limits of Competition. Edward Elgar Publishing,
  • Martin, S. (2004). Coal and Steel: First Steps in European Market Integration. Kluwer Academic Publishers,
  • Martin, S. (2000). Resource Allocation by a Competition Authority. Routledge,
  • Martin, S., & Valbonesi, P. (2000). State Aid in Context. Edward Elgar, Cheltenham, UK. vol. 1 176-201.
  • Martin, S. (2000). Product Market Competition Policy and Technological Performance. Cambridge University Press, 161-90.
  • Martin,S. (1999). Depression Cartels, Market Structure, and Performance. Kluwer Academic Publishers, Boston.
  • Martin,S. (1998). Competition Policy: Publicity vs. Prohibition & Punishment. Elsevier-North Holland Publishers,
  • Martin, S., Harstad, & Normann, H. (1998). Experimental Tests of Consciously Parallel Behavior in Oligopoly. Cambridge University Press, | Related Website |
  • Martin, S. (1997). Public Policies Toward Cooperation in Research and Development: The European Union, Japan, The United States. Routledge, London. 245-288.
  • Martin, S. (1997). New Product Innovation Races. Kyushuu University Press, Fukuoka. 91-118.
  • Martin, S., & Philips, L. (1995). Product Differentiation and the Passthrough of Exchange Rates to Domestic Prices. Kluwer Academic Publishers, Dordrecht. 147-161. | Related Website |
  • Martin, S., & Evans, A. (1994). Reform of the Structural Funds. Kluwer Academic Publishers, 41-70.
  • Martin, S. (1992). Economic Efficiency and Concentration: Are Mergers a Fitting Response?. I Valori Della Concorrenza, 186-217.
  • Martin, S., & Adams, W. (1986). Public Support of Innovative Activity: Lessons From U. S. Industrial Policy. Martinus Nijhoff Publishers, Dordrecht. 413-39.
  • Martin, S., & Measday, W. (1986). The Petroleum Industry. Macmillan, New York. (7), 38-73.

Book Review

  • Martin, S. (2013). In Search of a Chicago School: Review of Van Horn, Miroski, and Stapleford's Building Chicago Economics. Research in the History of Economic Thought and Methodology, 225-237.

Contact

smartin@purdue.edu
Phone: (765) 494-4402
Office: RAWL 4027

Quick links

Personal website

Area(s) of Expertise

antitrust, competition policy, industrial economics, economics of the European Union