Michael D. Noel is Associate Professor in the Department of Economics at Texas Tech University. Professor Noel conducts research in the field of Industrial Organization and Antitrust Economics, with a specialty in Oil & Gas and energy markets. He regularly consults on antitrust matters in Oil & Gas law and is active in policy discussions surrounding the industry. In addition to Oil & Gas Markets, Professor Noel has extensive expertise in the supermarket industry and in labor and employment law matters. Professor Noel was formerly on the economics faculty at UC San Diego and holds his Ph.D. in Economics (Industrial Organization) from M.I.T.
Professor Noel's research articles have been published in professional journals including the RAND Journal of Economics, the Review of Economics and Statistics, the Journal of Industrial Economics, Energy Economics, and the Journal of Economics and Management Strategy, among others. He has also published articles at the intersection of economics and antitrust law in legal journals such as the Columbia Business Law Review, the CPI Antitrust Chronicle, the Antitrust Practitioner, and the Canadian Competition Law Review. Professor Noel has presented his research at universities and conferences worldwide.
Professor Noel is best known for his work on gasoline price dynamics, and in particular, the controversial cycling phenomenon known as "Edgeworth Price Cycles". Professor Noel's research has been cited by economists, legal scholars, and competition authorities internationally. Recently, his research featured prominently in the FTC's most recent comprehensive investigation on petroleum pricing. Professor Noel also continues to publish on a variety of topics outside the energy arena, including big-box retail entry and pricing, two-sided markets, software patents, merger enforcement, market definition, and price obfuscation.
On the teaching side, Professor Noel has taught numerous courses in Microeconomics, Industrial Organization, and Antitrust over fifteen years at Texas Tech, UC San Diego, MIT, and the University of Toronto. He is also regularly quoted by the press discussing current issues in the oil & gas industry and on other topics.
Please explore the links on the left to learn more about Professor Noel's work.
Massachusetts Institute of Technology, Ph.D. Economics, 2002
University of Toronto, M.A. Economics, 1997
University of Toronto, Hons. B. Sc. Economics, Statistics, and Computer Science, 1996 (Gold Medal Recipient)
Texas Tech University, Associate Professor, Department of Economics, 2013-present
University of California San Diego, Visiting Lecturer (Summer Sessions), Department of Economics, 2012-present
Edgeworth Economics, Senior Vice President, 2011-2012
University of California San Diego, Assistant Professor, 2002-2011
LECG, Special Consultant, 2005-2010
National Economic Research Associates (NERA), Special Consultant, 2002-2005
Massachusetts Institute of Technology, Instructor, 1999-2002
University of Toronto, Instructor (Summer Sessions), 1998-2002