Michael Baye

Michael Baye

Formal First Name
1958 - present

Dr. Michael Baye is the Bert Elwert Professor of Business Economics and Public Policy at Indiana University's Kelley School of Business, a position he has held since 1997. An expert in antitrust, consumer protection, game theory and pricing, his academic research focuses mainly on pricing strategies and their impact on consumer welfare and firms profits in both online and traditional markets. Previously, he served as the Director of the Bureau of Economics at the US Federal Trade Commission. As Chief Economist of the FTC, he advised the Commission on antitrust, consumer protection, and economic policy matters. His previous appointments also include tenured academic positions at Penn State University and Texas A&M University, and visiting appointments at Cambridge and Oxford universities in the United Kingdom. In addition to his extensive academic publications and practical antitrust experience, Dr. Baye has served on numerous editorial boards in economics as well as marketing. He has won numerous awards for his outstanding teaching and research.

Professional Experience

Academic History


  • Dr. Baye has lectured and spoken at conferences and academic institutions throughout North America and Europe.

  • He has held visiting appointments at Cambridge, Oxford, Erasmus University, Tilburg University, and the New Economic School in Moscow.

  • He served as the Chairman of the Consumer Financial Protection Bureau's Academic Research Council in 2019 and 2020, and as a member in 2021.

  • He has served as an independent consultant on a variety of antitrust and pricing matters for the U.S. Department of Justice and the Canadian Competition Bureau.

  • He has also consulted for private clients, ranging from small internet companies to Fortune 500 companies.

  • He has provided expert testimony in matters including mergers, monopolization, commercial litigation, and pricing strategy.¬†


  • His work appears in the top general economics journals, including the American Economic Review, Journal of Political Economy, and the Economic Journal.

  • His work has also appeared among top journals in economic theory, including Econometrica and the Review of Economic Studies.

  • His academic research on pricing strategies in online markets have been featured¬† in The Wall Street Journal, Forbes, and The New York Times.