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Vivek Ghosal - Rensselaer Polytechnic Institute. Troy, NY, US

Vivek Ghosal Vivek Ghosal

Department Head, Economics & Virginia and Lloyd W. Rittenhouse Professor of Humanities and Social Sciences | Rensselaer Polytechnic Institute


Researches firm strategy related to innovation, decision-making under uncertainty, and regulatory reform, among other areas

Areas of Expertise (7)

Mergers & Acquisitions


Economic Policy and Regulations

Firm Strategy

Antitrust Law and Economics




Dr. Ghosal is the Head of the Department of Economics, and the Virginia and Lloyd W. Rittenhouse ’35 Professor of Humanities and Social Sciences. Professor Ghosal’s current research and policy interests include: (1) firm strategy related to innovation, M&As, and pricing; (2) impact of environmental regulations on business strategy, innovation and firm reorganization; (3) firms’ decision-making under uncertainty; (4) antitrust/competition laws and enforcement; and (5) regulatory reform to enhance competition and innovation.

Prior to joining Rensselaer in 2016, he was the Richard and Mary Inman Professor, and the Director of Graduate Programs, in the School of Economics at Georgia Institute of Technology. His other appointments have included Economist at the Economic Analysis Group of the Antitrust Division, U.S. Department of Justice, where he worked on mergers and acquisitions, horizontal and vertical market power, tying agreements, joint ventures, regulatory reform, and innovation and efficiency. Some of the markets he investigated include electricity, nuclear fuel, natural gas, coal, information technology, radio broadcasting, oilfield drilling services, and postal.

Professor Ghosal’s grants, contacts and research have included industries such as: automobiles; high-speed rail; healthcare; transportation; information technology; telecommunications & media; energy & electricity; and paper products. His funded research has included issues related to regional economic and business development; infrastructure investments; public-private partnerships; impact of environmental regulations; regulatory assessments; and innovation and efficiency. The organizations he has received funding from include the U.S. Department of Transportation; the Georgia Department of Transportation; Ragnar Soderberg's Foundation (Sweden); the Woodruff Foundation; Organization for Economic Cooperation and Development (OECD, Paris); the Center for Paper Business and Industry Studies; and the Scripps Foundation.



Vivek Ghosal Publication





Education (3)

Warrington College of Business, University of Florida: Ph.D., Economics 1988

University of Delhi: B.A. (Hons.), Economics 1980

Delhi School of Economics: M.A., Economics 1983

Articles (3)

Promoting Innovation to Foster Competition, Economic Development and Growth in Developing Economies

Pursuing Competition and Regulatory Reforms for Achieving Sustainable Development Goals

Vivek Ghosal


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Policy Innovations, Political Preferences, and Cartel Prosecutions

Review of Industrial Organization

Vivek Ghosal, D. Daniel Sokol

2015 While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U.S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing penalties related to fines and jail terms...

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Business Strategy and Firm Reorganization: Role of Changing Environmental Standards, Sustainable Business Initiatives and Global Market Conditions

Business Strategy and the Environment

Vivek Ghosal

2013 My study is framed against the backdrop of increasingly stringent environmental demands on the pulp and paper industry to reduce water and air pollution, and the changing global market conditions. I first present an observation‐based analysis conducted by visiting selected paper mills in Finland, the US, Germany and Sweden. Interesting differences and similarities emerge. Some of the observed differences lie in their focus on achieving incremental efficiency gains from better management of production processes, inventories, supply‐chain, product distribution and timing of modernization investments such as information technology...

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