Preston McAfee

Preston McAfee

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Preston McAfee

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Preston McAfee (born July 7, 1956) is a Vice President and Research Fellow at Yahoo! Research where he leads the Microeconomics and Social Systems group. Prior to Yahoo!, he was the J. Stanley Johnson Professor of Business, Economics, and Management at the California Institute of Technology, where he was the executive officer for the social sciences. He taught business strategy, managerial economics, and introductory microeconomics.

Education and employment

McAfee was awarded the BA in Economics, from the University of Florida in 1976. He earned the MA in Economics and Mathematics (1978) and the Ph.D. in Economics (1980) from Purdue University.

Prior to joining Caltech, McAfee was the Murray S. Johnson Chair in Economics at the University of Texas at Austin, serving as department chair in 1998. Previously, McAfee was a visiting professor at the University of Chicago's Graduate School of Business, 2000–01, teaching business strategy, and a professor at the University of Western Ontario.

McAfee is a Vice President and Research Fellow of Yahoo! Research. He leads a group focused on microeconomics research.


McAfee is an authority on industrial organization, and has been hired as a consultant by the U.S. Department of Justice Antitrust Division, and the USA Federal Trade Commission (FTC). McAfee has advised on matters concerning mergers, collusion, price-fixing, electricity pricing, bidding, procurement, sales of government property. In...
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