Scott E. Masten
Professor of Business Economics and Public Policy
University of Michigan Ross School of Business
Scott E. Masten is a professor of business economics and public policy at the University of Michigan’s Stephen M. Ross School of Business and an academic affiliate of the International Center for Law & Economics.
His research examines the intersection of law & economics and organizational economics, with particular emphasis on transaction-cost economics. He studies contracting, vertical integration, antitrust, and the economic organization of institutions, and is currently working on a book on the governance and organization of higher education.
Masten has been a longtime member of the University of Michigan faculty, where he has also taught in the law school and served as a research fellow at the Law & Economics Center at George Mason University’s Antonin Scalia Law School. Before joining Michigan, he served on the economics faculty at the University of Virginia.
He has held the Louis and Myrtle Moskowitz Research Professorship in Business and Law and served as president of the International Society for New Institutional Economics. He has also chaired the University of Michigan Faculty Senate and its Senate Advisory Committee on University Affairs.
His books include “Case Studies in Contracting and Organization,” “The Economics of Transaction Costs,” and the two-volume “Transaction Cost Economics: Theory and Concepts” and “Transaction Cost Economics: Policy and Applications” (co-edited with Oliver E. Williamson).
He received the University of Michigan Distinguished Faculty Governance Award.
Masten earned a Ph.D. and a master’s in economics from the University of Pennsylvania and a bachelor’s from Dartmouth College.
