Michael Waldman is the Charles H. Dyson Professor of Management and Professor of Economics at the Johnson Graduate School of Management at Cornell University.
Wladman took his first academic job in 1983 which was as an Assistant Professor in the Department of Economics at UCLA (in the 1982-1983 he had a post-doc position at UCLA). At UCLA he was promoted to Associate Professor with tenure in 1989. In 1991 he moved to the Johnson Graduate School of Management at Cornell University as a Full Professor of Economics. He was given the Charles H. Dyson Chair in Management in 1997. Professor Waldman has also visited Yale's School of Organization and Management and Chicago's Graduate School of Business where he was the John M. Olin Visiting Professor during the 1997-98 academic year.
Professor Waldman's main research area is applied microeconomic theory, where his main fields of interest are industrial organization and organizational economics. In these areas he is best known for his work on learning and signaling in labor markets, the operation of durable goods markets, and the strategic use of tying and bundling in product markets. In addition to his work in these two main areas, Professor Waldman has also conducted research on a diverse set of topics including the role of expectational shocks in business cycle fluctuations, the role of tied transfers in family and government decision making, how the theory of natural selection can explain systematic errors in decision making, the ramifications of limitedly rational behavior for market outcomes, and whether early childhood television viewing is a trigger for autism.
Michael Waldman received a Bachelor of Science in Economics from MIT in 1977 and a Ph.D. from the Economics Department at the University of Pennsylvania in 1982.
So bundling basically says, I buy a shirt and there are buttons attached. So whenever you buy a product or almost whenever you buy a product, the product consists of various parts and bundling is saying, I'm selling the things together as opposed to selling the things separately. So for example, I...(Full transcript available to logged in subscribers.).
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