Guillermo Marshall

Associate Professor of Strategy and Business Economics
UPS Foundation Chair in Regulation and Competition Policy
Sauder School of Business
University of British Columbia

Ph.D., Economics, Northwestern University, 2014

Research areas: Industrial Organization, Innovation and Entrepreneurship

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Publications

1. Identifying Scale and Scope Economies using Product Market Data
   with Ekaterina Khmelnitskaya and Scott Orr
   Accepted, The RAND Journal of Economics
2. Teamwork in Contests
   with Jorge Lemus
   Accepted, The Review of Economics and Statistics
3. Contingent Prizes in Dynamic Contests
   with Jorge Lemus
   Forthcoming, The RAND Journal of Economics
4. Monopsony Power and Upstream Innovation
   with Álvaro Parra
   Journal of Industrial Economics 72, no. 2 (2024): 1005-1020
5. Identification in English Auctions with Shill Bidding
   Quantitative Marketing and Economics 22, no. 2 (2024): 193–222
6. Mergers and Organizational Disruption: Evidence from the US Airline Industry
   with Julia Gonzalez and Jorge Lemus
   Journal of Economics & Management Strategy 33 (2024): 111-130
7. R&D Competition and the Direction of Innovation
   with Kevin Bryan and Jorge Lemus
   International Journal of Industrial Organization 82 (2022): 102841
8. Diagnosing Anticompetitive Effects of Vertical Integration by Multiproduct Firms
   with Fernando Luco
   Review of Industrial Organization 59, no. 2 (2021): 381-392
    - MATLAB code
9. Announcing High Prices to Deter Innovation
   with Álvaro Parra
   Management Science 67, no. 4 (2021): 2448-65
10. Dynamic Tournament Design: Evidence from Prediction Contests
    with Jorge Lemus
    Journal of Political Economy 129, no. 2 (2021): 383-420
11. The Competitive Impact of Vertical Integration by Multiproduct Firms
    with Fernando Luco
    American Economic Review 110, no. 7 (2020): 2041-64
     -Summary on Microeconomic Insights
12. Search and Wholesale Price Discrimination
    The RAND Journal of Economics 51, no. 2 (2020): 346-374
13. Innovation and Competition: The Role of the Product Market
    with Álvaro Parra
    International Journal of Industrial Organization 65 (2019): 221-247
     -Winner of the IJIO Best Theoretical Paper Award 2019
14. Measuring the Impact of Travel Costs on Grocery Shopping
    with Tiago Pires
    The Economic Journal 128, no. 614 (2018): 2538-2557
15. A Path Out: Prescription Drug Abuse, Treatment, and Suicide
    with Mark Borgschulte and Adriana Corredor-Waldron
    Journal of Economic Behavior & Organization 149 (2018): 169-184
16. When the Clock Starts Ticking: Measuring Strategic Responses to TRIPS's Patent Term Change
    with Jorge Lemus
    Research Policy 47, no. 4 (2018): 796-804
17. Start-up Nation? Slave Wealth and Entrepreneurship in Civil War Maryland
    with Felipe González and Suresh Naidu
    Journal of Economic History 77, no. 2 (2017): 373-405
18. Hassle Costs and Price Discrimination: An Empirical Welfare Analysis
    American Economic Journal: Applied Economics 7, no. 3 (2015): 123-46

Working Papers

1. A Comparison of Contests and Contracts to Deliver Cost-effective Energy Conservation
   with Teevrat Garg, Jorge Lemus, and Chi Ta
   April 2025
     - Pre-analysis plan
     - Summary on J-PAL website
2. The Cost of an Inefficient Vertical Contract
   with Fernando Luco
   May 2025
     - Revision requested at The Economic Journal
3. Self-Imposed Carbon Taxes
   April 2025
     - Revision requested at Canadian Journal of Economics
4. The Impact of Weakened Patent Rights on Innovation: Evidence from HIV’s Drug Development
   with Min Kyeong Baik and Jorge Lemus
   July 2025
   

Work in Progress

1. Energy Conservation under Repeated Contracts and Contests (Pre-registered report)
   with Teevrat Garg, Jorge Lemus, and Chi Ta
   May 2025
   

Teaching

• PhD: Industrial organization
• MBA: Business strategy; Climate economics and strategy
• Undergraduate: Business strategy