Michael Powell

Associate Professor (with tenure) of Strategy, Kellogg School of Management, Northwestern University
Address: 2211 Campus Drive, Evanston, IL 60208
Phone: (847) 491-8676

Research Interests: Organizational Economics, Personnel Economics, Relational Contracts, Theory of the Firm

PUBLIshed Papers

Multilateral Interactions Improve Cooperation Under Random Fluctuations, with Jin Li. Accepted, subject to minor revisions, GEB

Sticking Points: Common-Agency Problems and Contracting in the U.S. Healthcare System, with Brigham Frandsen and Jim. Rebitzer. RAND, Summer 2019. Slides.

Policies in Relational Contracts, with Dan Barron. AEJ: Micro, May 2019. Slides. Kellogg Insight.

Productivity and Credibility in Industry Equilibrium. RAND, Spring 2019. Slides.

Managing Careers in Organizations, with Rongzhu Ke and Jin Li, JOLE, January 2018. Slides. Kellogg Insight.

Power Dynamics in Organizations, with Jin Li and Niko Matouschek, AEJ: Micro, February 2017. Slides. Kellogg Insight.

An Influence-Cost Model of Organizational Practices and Firm BoundariesJLEO, August 2015. Slides.

Organization and Information: Firms' Governance Choices in Rational-Expectations Equilibrium, with Robert Gibbons and Richard Holden, QJE, November 2012.

Unpublished Papers

Career Spillovers in Internal Labor Markets, with Nicola Bianchi, Giulia Bovini, Jin Li, and Matteo Paradisi, August 2019.

Markets for Rhetorical Services, with Dan Barron, December 2018.

Behavioral Constraints on the Design of Subgame-Perfect Implementation Mechanisms, with Ernst Fehr and Tom Wilkening, revised November 2018. 2nd round R&R, AER.

Firm Growth and Promotion Opportunities, with Jin Li and Rongzhu Ke, August 2018. Slides.

Work in Progress

Optimal Incentives under Moral Hazard: From Theory to Practice, with George Georgiadis.

Modular Organization, with Niko Matouschek and Bryony Reich

Other Publications

What Happens to Younger Workers When Older Workers Don’t Retire? with Nicola Bianchi and Jin Li, HBR, November 2018.


Lecture notes for Organizational Economics PhD sequence, with Dan Barron, Spring 2018.

Lecture notes for General Equilibrium and Contracts, Spring 2018