Department Head and Virginia and Lloyd W. Rittenhouse Professor, Economics
Dr. Ghosal is Professor, the Head of the Department of Economics, and the Virginia and Lloyd W. Rittenhouse Professor of Humanities and Social Sciences. Professor Ghosal's current research and policy interests include: (1) biopharmaceuticals markets focusing on innovation, pricing and FDA regulations; (2) antitrust laws and enforcement; (3) Big Data, Artificial Intelligence and competition law and economics; (4) firm strategy related to innovation, M&As, and pricing; and (5) firms' decision-making under uncertainty. The courses he currently teaches include: (1) Economics of Biotechnology and Medical Innovations; and (2) Economics of Regulations and Firm Strategy.
Before joining Rensselaer in 2016, he was the Richard and Mary Inman Research Professor at the School of Economics at Georgia Institute of Technology. He was also the Director of the MS and PhD. programs. Prior to his position at Georgia Tech., he was an Economist at the Economic Analysis Group of the Antitrust Division, U.S. Department of Justice (1998-2001). In this position, 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.
Dr. Ghosal's international appointments have included Visiting Professor (2010-2018) at the European Business School (Wiesbaden, Germany) where he conducted research and lectured on regulations and business strategy, with emphasis on environmental regulations, sustainability, and innovation in the automobile and other manufacturing industries. He was also a Visiting Professor (2010-2016) at the joint Organization for Economic Cooperation and Development (OECD, Paris) and Korea Development Institute School of Public Policy and Management international program on regulatory reform and competition policy held annually in Seoul, South Korea. In this position he provided executive education lectures and workshops to international public policy professionals. On topics related to antitrust, competition law and enforcement, and regulations, he has conducted executive education lectures in Taipei, Lima, New Delhi, and Tokyo. He has presented Summer graduate school workshops at the University of Amsterdam, Ludwig Maximilians University (Munich), and Central European University (Budapest).
Professor Ghosal has published two edited books: The Political Economy of Antitrust (Elsevier, 2007); and Reforming Rules and Regulations: Laws, Institutions and Implementation (MIT Press, 2010). He has published in peer-reviewed journals in Economics, Management, and Law & Economics, including: Review of Economics and Statistics; Journal of Law and Economics; Journal of Industrial Economics; International Journal of Industrial Organization; Research Policy; Small Business Economics; Managerial and Decision Economics; Business Strategy and the Environment; Journal of Competition Law & Economics; Review of Industrial Organization; Review of Law & Economics; Journal of Economics and Business; Illinois Law Review; China Economic Review; and Harvard Public Health Review. His research has also been published as book chapters by publishers such as: MIT Press; Stanford University Press; Elsevier Science; Edgar Elgar; Routledge and Springer. Dr Ghosal is a member of the Editorial Boards of the journals: Review of Industrial Organization; Southern Economic Journal; Business Strategy and the Environment; Journal of Industry, Competition and Trade; and Business Strategy and Development.
Professor Ghosal's grants, contacts and research have included industries such as: automobiles; high-speed rail; healthcare; transportation; information technology; telecommunications and media; energy and electricity; and paper products. His externally funded research grants have 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: U.S. Department of Transportation; Georgia Department of Transportation; Ragnar Soderberg's Foundation (Sweden); Woodruff Foundation; Organization for Economic Cooperation and Development (OECD, Paris); Center for Paper Business and Industry Studies; and Scripps Foundation.
Professor Ghosal has been a consultant for international organizations, governments, consulting firms and companies on issues related to antitrust, regulatory reform, business and economic modeling of markets, industry studies, and statistical and econometric modeling. He has provided project and expert reports, and testimony.
Ph.D., Economics, Warrington College of Business, University of Florida.
M.A., Economics, Delhi School of Economics, Delhi, India.
B.A., Economics (Honors), University of Delhi, India.
- Antitrust Law and Economics
- Innovation Strategy
- Biotechnology and Healthcare
- Uncertainty and Economic Activity
- Regulation and Economic Growth