Are Economists Useful? Evidence from Amazon

My old friend and co-author Pat Bajari is building an economics research shop at Amazon.  This looks like its a very good job and I'm thinking of applying for this junior position. I bet it pays well and Pat would be a great boss (take it from me!).  If a major for profit firm is investing in economics, this reveals something good about our field.


Economist

Amazon
Seattle - United States

Job Description
Amazon.com strives to be Earth's most customer-centric company where people can find and discover anything they want to buy online. We hire the world's brightest minds, offering them a fast paced, technologically sophisticated and friendly work environment.

Economists at Amazon will be expected to work directly with chief economist Patrick Bajari and senior management on key business problems faced in retail, international retail, cloud computing, third party merchants, search, Kindle and operations. Amazon economists will apply the frontier of economic thinking to market design, pricing, forecasting, online advertising and other areas. You will build econometric models, using our world class data systems, and apply economic theory to solve business problems in a fast moving environment. In addition, economists at Amazon will be expected to maintain an independent and active research agenda, publishing in leading academic journals.

Salaries will be competitive and will include equity compensation.

Basic Qualifications
PhD in Economics or anticipating completion of a PhD Economics by Aug 2012

Preferred Qualifications
Two to three years of experience in private consulting, government, or in academic research

Strong background in econometrics, industrial organization, economic theory, and quantitative methods

Ability to work in a fast-paced business environment

Strong research track record

Effective verbal and written communication skills