• 4267 Citations
1975 …2020

Research output per year

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Personal profile

Research Interests

Professor Satterthwaite is a microeconomic theorist who has a keen applied interest in how health care markets work. His theoretical work is in two areas. The first is on how market mechanisms, when the number of participants is large, induce individuals to reveal their valuations almost accurately and select almost optimal allocations. The second is the dynamics of competition under entry, exit, and investments into competitive advantage. On the health side, he is concerned with how consumer information affects competition among physicians and how the prices for hospital services are determined within a managed care environment.

Education/Academic qualification

Economics, PhD, University of Wisconsin-Madison

… → 1973

MS, University of Wisconsin-Madison

… → 1969

BS, California Institute of Technology

… → 1967

Research interests

  • Competition in healthcare
  • Game theory
  • Healthcare management
  • Industrial organization economics

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Research Output

Internal versus external growth in industries with scale economies: A computational model of optimal merger policy

Mermelstein, B., Nocke, V., Satterthwaite, M. A. & Whinston, M. D., Jan 1 2020, In : Journal of Political Economy. 128, 1, p. 301-341 41 p.

Research output: Contribution to journalArticle

  • 2 Scopus citations

    Price Discovery Using a Double Auction

    Satterthwaite, M. A., Williams, S. R. & Zachariadis, K. E., Jun 2 2015, Social Science Research Network (SSRN), 75 p.

    Research output: Working paper

  • Optimality versus practicality in market design: A comparison of two double auctions

    Satterthwaite, M. A., Williams, S. R. & Zachariadis, K. E., Jul 2014, In : Games and Economic Behavior. 86, p. 248-263 16 p.

    Research output: Contribution to journalArticle

  • 1 Scopus citations

    Computable markov-perfect industry dynamics

    Doraszelski, U. & Satterthwaite, M., 2010, In : RAND Journal of Economics. 41, 2, p. 215-243 29 p.

    Research output: Contribution to journalArticle

  • 86 Scopus citations