203.432.3122

William S. Beinecke Professor of Finance and Economics & Deputy Provost for Faculty Development

Professor Chevalier’s research is in the areas of both finance and industrial organization. Some of her recent research examines the role of consumer foresight in markets for durable goods, the impact of state regulations in the market for funeral products and services, and the taste for leisure as a determinant of occupational choice. She has written a series of papers on the economics of electronic commerce, the interaction between firm capital structure and product market competition, price seasonality and cyclicality, and tests of models of agency relationships and career concerns, and firm diversification. In 1999, she won the first biennial Elaine Bennett prize given by the American Economic Association in recognition of research by a young woman in any area of economics. She is an elected member of the executive committee of the American Economic Association, a co-editor of the American Economic Review, and a former board member of the Committee on the Status of Women in the Economic Profession. She currently teaches Competitive Strategy and a course in technology strategy at Yale SOM, as well as a senior seminar in Yale College on the economics of the information economy.

Achievements and Awards
Fellow, American Academy of Arts and Sciences, 2006
Elaine Bennett prize, 1999
Sloan Research Fellow, Alfred P. Sloan Foundation, 1997-1999
Smith Breeden "Distinguished Paper" prize, Journal of Finance, 1995
Recipient, National Science Foundation research grant, 1994-1996

Editorships
Co-Editor:
American Economic Review, Commencing November 2004
Advisory Editor:
Quantitative Marketing and Economics, 2003-

Past Editorial Positions
Editor:
BE Journals in Economic Analysis and Policy

Associate Editor:
American Economic Review
Quarterly Journal of Economics
Journal of Economic Perspectives
Rand Journal of Economics
Journal of Industrial Economics
Journal of Finance

Selected Articles
“The Effect of Word of Mouth on Sales: Online Book Reviews” (with D. Mayzlin), Journal of Marketing Research, forthcoming

"What Do We Know About Cross-subsidization? Evidence from Merging Firms," Advances in Economic Analysis & Policy, Vol. 4: No:1, Article 3, 2004

"Valuing Internet Retailers: Amazon and Barnes and Noble," Advances in Applied Microeconomics: Organizing the New Industrial Economy, Vol. 12, 2003

"Measuring Prices and Price Competition Online: Amazon vs. Barnes and Noble" (with A. Goolsbee), Quantitative Marketing and Economics I, Vol. 2, June 2003

"Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data" (with A. Kashyap and P. Rossi), American Economic Review, June 2003

"Free Riding and Sales Strategy for the Internet" (with D. Carlton), Journal of Industrial Economics, December 2001

"Identifying Investor Sentiment from Price Paths: The Case of Football Betting" (with C. Avery), Journal of Business, October 1999

"The Pros and Cons of Entering a Market," Financial Times Mastering Strategy Series, November 1, 1999. Reprinted in Mastering Strategy, Prentice Hall, 2000

"When it Can be Good to Burn your Boats," Financial Times Mastering Strategy Series, October 25, 1999. Reprinted in Mastering Strategy, Prentice Hall, 2000

"Career Concerns of Mutual Fund Managers" (with G. Ellison), Quarterly Journal of Economics, May 1999

"Are Some Mutual Fund Managers Better than Others? Cross-Sectional Patterns in Behavior and Performance" (with G. Ellison), Journal of Finance, June 1999

"Herding over the Career" (with C. Avery), Economics Letters, June 1999

"Why Do Managers Undertake Acquisitions?: an Analysis of Internal and External Rewards to Acquisitiveness" (with C. Avery and S. Schaefer), Journal of Law, Economics, and Organization, April 1998

"Risk Taking by Mutual Funds as a Response to Incentives" (with G. Ellison), Journal of Political Economy, December 1997

Working Papers
“State Casket Sales Restrictions: A Pointless Undertaking?” (with F. Scott Morton)

"How Do Consumers Make Durable Goods Purchase Decisions? Evidence from the College Textbook Market" (with A. Goolsbee)

"Entry and Market Size: The College Textbook Market" (with A. Goolsbee)

Education
PhD Massachusetts Institute of Technology, 1993
BA Yale University, 1989