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Michael Waldman Discusses Concept of Bundling

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  • Date Added : 10/7/2008
  • Clip Duration : 1 min. 22 sec.

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Michael Waldman

  • Professor, Cornell University
  • male
  • Caucasian
  • 1955 (Age: 69 years old)
  • Michael Waldman - Interview - Economics and Autism
  • Video 1 of 23 in this Case
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Biography

Michael Waldman is the Charles H. Dyson Professor of Management and Professor of Economics at the Johnson Graduate School of Management at Cornell University.

Wladman took his first academic job in 1983 which was as an Assistant Professor in the Department of Economics at UCLA (in the 1982-1983 he had a post-doc position at UCLA). At UCLA he was promoted to Associate Professor with tenure in 1989. In 1991 he moved to the Johnson Graduate School of Management at Cornell University as a Full Professor of Economics. He was given the Charles H. Dyson Chair in Management in 1997. Professor Waldman has also visited Yale's School of Organization and Management and Chicago's Graduate School of Business where he was the John M. Olin Visiting Professor during the 1997-98 academic year.

Professor Waldman's main research area is applied microeconomic theory, where his main fields of interest are industrial organization and organizational economics. In these areas he is best known for his work on learning and signaling in labor markets, the operation of durable goods markets, and the strategic use of tying and bundling in product markets. In addition to his work in these two main areas, Professor Waldman has also conducted research on a diverse set of topics including the role of expectational shocks in business cycle fluctuations, the role of tied transfers in family and government decision making, how the theory of natural selection can explain systematic errors in decision making, the ramifications of limitedly rational behavior for market outcomes, and whether early childhood television viewing is a trigger for autism.

Michael Waldman received a Bachelor of Science in Economics from MIT in 1977 and a Ph.D. from the Economics Department at the University of Pennsylvania in 1982.

So bundling basically says, I buy a shirt and there are buttons attached. So whenever you buy a product or almost whenever you buy a product, the product consists of various parts and bundling is saying, I'm selling the things together as opposed to selling the things separately. So for example, I...(Full transcript available to logged in subscribers.).

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Michael Waldman videos

Video 1 of 23 Michael Waldman's Introductory Video
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 2 min. 38 sec.
Video 2 of 23 Michael Waldman Discusses Academic Background
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 0 min. 43 sec.
Video 3 of 23 Michael Waldman Discusses Decision To Become Economist At Cornell University's Johnson School
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 0 min. 38 sec.
Video 4 of 23 Michael Waldman Discusses Role as Applied Microeconomic Theorist
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 0 min. 38 sec.
Video 5 of 23 Michael Waldman Discusses How Students Should Pursue An MBA Coursework At the Johnson School
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 0 min. 55 sec.
Video 6 of 23 Michael Waldman Discusses Microeconomic Concept He Tries To Convey To His PhD Students
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 0 min. 55 sec.
Video 7 of 23 Michael Waldman Discusses Johnson School's MBA Curriculum
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 0 min. 58 sec.
Video 8 of 23 Michael Waldman Discusses Difference Between Industrial Organization and Organizational Economics
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 13 sec.
Video 9 of 23 Michael Waldman Shares Thoughts on Concept of Expectational Shocks
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 14 sec.
Video 10 of 23 Michael Waldman Discusses Concept of Promotion Effects
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 12 sec.
Video 11 of 23 Michael Waldman Discusses Research Approach Using Natural Experiments
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 21 sec.
Video 12 of 23 Michael Waldman Discusses Correlation Between Precipitation and Autism
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 2 min. 8 sec.
Video 13 of 23 Michael Waldman Discusses Other Possible Correlations With Autism
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 40 sec.
Video 14 of 23 Michael Waldman States Childhood Television Watching May Be A Clue To Autism
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 0 min. 38 sec.
Video 15 of 23 Michael Waldman States Only Assumption That Needs To Be Made For His Test Is That Autism Is Not A Genetic Condition
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 40 sec.
Video 16 of 23 Michael Waldman Discusses Decision To Research Impact of Early Television Viewing On Autism
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 3 sec.
Video 17 of 23 Michael Waldman Discusses Decision To Focus on Precipitation and Environmental Factors As Reason For Autism
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 19 sec.
Video 18 of 23 Michael Waldman Discusses Concept of Bundling
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 22 sec.
Video 19 of 23 Michael Waldman Discusses Microsoft Monopoly Case
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 34 sec.
Video 20 of 23 Michael Waldman Discusses Public Policy Challenge Surrounding Tying
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 2 min. 47 sec.
Video 21 of 23 Michael Waldman Discusses Argument Surrounding Tying
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 0 min. 46 sec.
Video 22 of 23 Michael Waldman Discusses Upcoming Work
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 0 min. 59 sec.
Video 23 of 23 Michael Waldman States Teaching Philosophy Focuses On Intuition
  • Michael Waldman - Interview - Economics and Autism
  • 10/7/2008
  • Michael Waldman
  • 1 min. 13 sec.