Ph.D. in Economics (1988), Warrington College of Business, University of Florida (Gainesville, Florida)
MA in Economics (1983), Delhi School of Economics (Delhi, India)
Dr. Ghosal is the Head of the Department of Economics, and the Virginia and Lloyd W. Rittenhouse ’35 Professor of Humanities and Social Sciences. Professor Ghosal’s current research and policy interests include: (1) firm strategy related to innovation, M&As, and pricing; (2) impact of environmental regulations on business strategy, innovation and firm reorganization; (3) firms’ decision-making under uncertainty; (4) antitrust/competition laws and enforcement; and (5) regulatory reform to enhance competition and innovation.
Prior to joining Rensselaer in 2016, he was the Richard and Mary Inman Professor, and the Director of Graduate Programs, in the School of Economics at Georgia Institute of Technology. His other appointments have included Economist at the Economic Analysis Group of the Antitrust Division, U.S. Department of Justice, where he worked on mergers and acquisitions, horizontal and vertical market power, tying agreements, joint ventures, regulatory reform, and innovation and efficiency. Some of the markets he investigated include electricity, nuclear fuel, natural gas, coal, information technology, radio broadcasting, oilfield drilling services, and postal.
Professor Ghosal’s grants, contacts and research have included industries such as: automobiles; high-speed rail; healthcare; transportation; information technology; telecommunications & media; energy & electricity; and paper products. His funded research has included issues related to regional economic and business development; infrastructure investments; public-private partnerships; impact of environmental regulations; regulatory assessments; and innovation and efficiency. The organizations he has received funding from include the U.S. Department of Transportation; the Georgia Department of Transportation; Ragnar Soderberg's Foundation (Sweden); the Woodruff Foundation; Organization for Economic Cooperation and Development (OECD, Paris); the Center for Paper Business and Industry Studies; and the Scripps Foundation.
He holds an appointment as a Visiting Professor at the European Business School (Wiesbaden, Germany) where he conducts research and lectures on regulations and business strategy, with emphasis on environmental regulations, sustainability, corporate social responsibility and innovation in the automobile and other manufacturing industries. He is also a Visiting Professor at the joint OECD-Korea Development Institute School of Public Policy and Management international program on regulatory reform and competition assessments held annually in Seoul, South Korea.
Professor Ghosal has published two edited books The Political Economy of Antitrust (Elsevier, 2007) and Reforming Rules and Regulations: Laws, Institutions and Implementation (MIT Press, 2010), and is a member of the Editorial Board of the journals Review of Industrial Organization and Business Strategy and the Environment. He has published in peer-reviewed journals in Economics, Management, and Law & Economics, including the Journal of Industrial Economics, International Journal of Industrial Organization, Journal of Law and Economics, Review of Economics and Statistics, Research Policy, Small Business Economics, Managerial and Decision Economics, Business Strategy and the Environment, Journal of Competition Law & Economics, Review of Industrial Organization, and Review of Law & Economics. His research has also been published as book chapters by publishers such as MIT Press, Stanford University Press, Elsevier Science, Edgar Elgar, Routledge and Springer.
Professor Ghosal has been a consultant for international organizations, governments, consulting firms and companies on issues related to antitrust, regulatory reform, business and economic modeling of markets, industry studies, and statistical and econometric modeling. He has provided project and expert reports and testimony.