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Professor Mark Armstrong

BA, MPhil, DPhil, FBA
University Academic Fellow since 2011
Professor of Economics
I work mostly on topics concerned with the operation of markets. This includes research on how firms chooses their prices, including issues to do with offering discounts when consumers buy multiple units or products, or when consumers care about how many other customers also choose to buy from the firm, and how consumers search for products and prices. Particular markets studied include telecommunication and media, scientific publishing, markets for "market information", and markets where some consumers can be "pressured" into buying.
Professor Mark Armstrong
  • Background

    • Statutory Professor, Department of Economics, and University Academic Fellow, All Souls College, University of Oxford (since 2011)
    • Professor of Economics, University College London (from 2003 to 2011)
    • Official Fellow in Economics, Nuffield College, Oxford (from 1997 to 2003)
    • Eric Roll Professor of Economic Policy, Department of Economics, University of Southampton (from 1994 to 1997)
    • University Assistant Lecturer in Microeconomics, University of Cambridge and Fellow, Gonville & Caius College, Cambridge (from 1992 to 1994)
    • Postgraduate, St John's College, Oxford (from 1987 to 1992)
    • Undergraduate, Queen's College, Cambridge (from 1984 to 1987)
  • Research interests

    • Contract theory
    • Price discrimination
    • Bounded rationality
    • Industrial organization
    • Regulaton
    • Consumer and competition policy
  • Selected publications

    • “Multiproduct Nonlinear Pricing”, (1996), Econometrica 64: 51-76.
    • “Competitive Price Discrimination”, (2001), Rand Journal of Economics 32: 579-605 (with John Vickers).
    • “Competition in Two-sided Markets”, (2006), Rand Journal of Economics 37: 668-691.
    • “A Model of Delegated Project Choice”, (2010), Econometrica 78: 213-244 (with John Vickers).
    • “Ordered Consumer Search”, (2017), Journal of the European Economic Association 15: 989-1024.
    • “Multiproduct Pricing Made Simple”, (2018), Journal of Political Economy (with John Vickers).
    • Link to google scholar page.