Neil Gandal

Neil Gandal
Alma materUniversity of California, Berkeley (PhD)
University of Wisconsin–Madison (MA)
Miami University (BS, BA)
Known forResearch on network effects, technology standards, and cryptocurrency markets
Scientific career
FieldsIndustrial organization, digital economics, economics of cybersecurity, cryptocurrencies
WorkplacesTel Aviv University
University of Tulsa

Neil Gandal is an economist known for his research on network effects, technology standardization, and the economics of cybersecurity and cryptocurrencies. He is the Henry Kaufman Professor in International Capital Markets at the Berglas School of Economics at Tel Aviv University, where he is professor emeritus, and the Applied Distinguished Professor of Cyber Studies at the University of Tulsa.

Education

Gandal received a B.S. in mathematics and a B.A. in economics from Miami University in 1979, an M.A. in statistics from the University of Wisconsin–Madison in 1981, and a Ph.D. in economics from the University of California, Berkeley in 1989.

Career

Gandal began his academic career as an assistant professor of Finance and Economics at Boston University (1989–1992) before joining Tel Aviv University in 1991. At Tel Aviv University he served as chair of the Department of Public Policy (2002–2007), head of the School of Government and Policy (2007–2012), head of the Berglas School of Economics (2012–2016), and head of the Pinhas Sapir Center for Development (2020–2025). He has held visiting positions at the University of Texas at Austin and the Haas School of Business at UC Berkeley.

Since 2018 he has held the Henry Kaufman Chair in International Capital Markets at Tel Aviv University. He has been a research fellow of the Centre for Economic Policy Research (CEPR) since 1999.

Gandal served as managing editor of the International Journal of Industrial Organization from 2005 to 2012 and in 2013 was named the journal's first honorary editor. He was an associate editor of Management Science from 2018 to 2024.

Research

Gandal's early research provided some of the first empirical evidence of network effects in technology markets, including studies of the computer spreadsheet market and of standards competition in hardware/software systems such as compact disc players and the DVD–DIVX format war. His later work has focused on the economics of cybersecurity and cryptocurrency markets, including a widely cited study of price manipulation in the Bitcoin ecosystem published in the Journal of Monetary Economics. The study was cited by the U.S. Securities and Exchange Commission in its 2018 order disapproving a proposed bitcoin exchange-traded fund. His current research primarily focuses on the economics of cybersecurity.

His work has been cited nearly 10,000 times according to Google Scholar, as of August 2026.

Selected publications

References

  1. 1 2 "Neil Gandal". Centre for Economic Policy Research. Retrieved August 29, 2026.
  2. 1 2 "Neil Gandal, Ph.D." University of Tulsa. Retrieved August 29, 2026.
  3. 1 2 3 "Prof. Neil Gandal". Tel Aviv University. Retrieved August 29, 2026.
  4. 1 2 3 4 5 6 "Neil Gandal – Curriculum Vitae". Retrieved August 29, 2026.
  5. ↑ "Neil Gandal". IDEAS/RePEc. Retrieved August 29, 2026.
  6. ↑ Gandal, Neil; Hamrick, JT; Moore, Tyler; Oberman, Tali (2018). "Price manipulation in the Bitcoin ecosystem". Journal of Monetary Economics. 95: 86–96. doi:10.1016/j.jmoneco.2017.12.004.
  7. ↑ "Order Setting Aside Action by Delegated Authority and Disapproving a Proposed Rule Change to List and Trade Shares of the Winklevoss Bitcoin Trust (Release No. 34-83723)". U.S. Securities and Exchange Commission. July 26, 2018.
  8. ↑ "Neil Gandal". Google Scholar. Retrieved August 29, 2026.