Dr Noel is Senior Vice President of Edgeworth Economics and a recurring Visiting Lecturer at the University of California San Diego. Dr. Noel was an Assistant Professor at UC San Diego from 2002-2011. He holds a Ph.D. from M.I.T.
Dr. Noel conducts research in the field of Industrial Organization and Energy Economics and has published in leading economics journals including the RAND Journal of Economics, the Review of Economics and Statistics, the Journal of Industrial Economics, Energy Economics, and the Journal of Economics and Management Strategy. He has also published at the intersection of antitrust law and economics in legal journals including the Columbia Business Law Review, the CPI Antitrust Chronicle, the Antitrust Practitioner, and others. He has presented his research at universities and conferences on five continents worldwide.
Dr. Noel is best known for his work on gasoline price dynamics and the causes and consequences of so-called "Edgeworth Price Cycles". Dr. Noel finds the controversial cycling phenomenon benefits rather than harms consumers and that antitrust treatment of the cycles is not advisable. Dr. Noel's work on gasoline markets has been cited by economists, non-economists (e.g. physicists), and competition authorities internationally. Recently, Dr. Noel's research featured prominently in the FTC's first comprehensive investigation on petroleum pricing in over five years which found no evidence that the observed pricing patterns were the result of any antitrust wrongdoing by oil companies.
Dr. Noel has also published on a variety of other Industrial Organization, Antitrust, and policy topics, including big-box retail entry and pricing, two-sided markets, software patents, optimal merger enforcement, market definition, and price obfuscation.
On the teaching side, Dr. Noel has taught better than a dozen courses and thousands of students over fourteen years at UC San Diego, MIT, and the University of Toronto.
Dr. Noel is also regularly quoted by the press discussing current issues in the oil & gas industry and on other topics.
Massachusetts Institute of Technology, Ph.D. Economics, 2002
University of Toronto, M.A. Economics, 1997
University of Toronto, Hons. B. Sc. Economics, Statistics, and Computer Science, 1996 (Gold Medal Recipient)
Edgeworth Economics, Senior Vice President, 2011-present
University of California San Diego, Recurring Visiting Lecturer, 2012
University of California San Diego, Assistant Professor, 2002-2011