MIT Logo Massachusetts Institute of Technology

Christopher R. Knittel

William Barton Rogers Professor of Energy Economics
Sloan School of Management

Phone: 617.324.0015
Fax: 617.258.6786
Address: MIT
Sloan School of Management
100 Main Street
E62-525
Cambridge, MA 02142-1347
E-mail: knittel@mit.edu
MITEI


Important Links

Vita: pdf 

MIT Sloan Home

MIT Home

Research Links:
NBER WPs
SSRN
 
Teaching
Energy Economics and Policy, Syllabus
 
Distractions:
Photography
 Steelers
 Oakland As
 

 



"Now, this is totally irresponsible journalism on the part of Christopher Knittel at the New York Times."
--- Rush Limbaugh on his radio show, March 30th, 2007

Irresponsible publicity on the part of MIT

Bio

Christopher Knittel is the William Barton Rogers Professor of Energy Economics in the Sloan School of Management at the Massachusetts Institute of Technology. He joined the faculty at MIT in 2011, having taught previously at UC Davis and Boston University. Professor Knittel received his B.A. in economics and political science from the California State University, Stanislaus in 1994 (summa cum laude), an M.A. in economics from UC Davis in 1996, and a Ph.D. in economics from UC Berkeley in 1999. His research focuses on environmental economics, industrial organization, and applied econometrics. He is a Research Associate at the National Bureau of Economic Research in the Productivity, Industrial Organization, and Energy and Environmental Economics groups and a Research Associate at MIT's Center for Energy and Environmental Policy Research. Professor Knittel is an associate editor of The American Economic Journal -- Economic Policy, The Journal of Industrial Economics and Journal of Energy Markets. His research has appeared in The American Economic Review, The American Economic Journal, The Review of Economics and Statistics, The Journal of Industrial Economics, The Energy Journal and other academic journals.


Available Working Papers

"Cleaning the Bathwater with the Baby: The Health Co-Benefits of Carbon Pricing in Transportation," joint with Ryan Sandler (UC Davis). Paper in PDF Format.

"Some Inconvenient Truths About Climate Change Policy: The Distributional Impacts of Transportation Policies," joint with Stephen P. Holland (UNC), Jonathan E. Hughes (Colorado), and Nathan Parker (UC Davis--ITS). Paper in PDF Format

"Pharmaceutical Use Following Generic Entry: Paying Less and Buying Less,"
joint with Peter Huckfeldt (RAND). In submission.  Paper in PDF Format

"Estimation of Random Coefficient Demand Models: Challenges, Difficulties and Warnings," joint with Konstantinos Metaxoglou (Bates and White). Revised and resubmitted to The Review of Economics and Statistics. Paper in PDF Format, Code and data associated with paper

"Celebrity Endorsements, Firm Value and Reputation Risk: Evidence from the Tiger Woods Scandal," joint with Victor Stango (UCD GSM). Revised and resubmitted to Management Science.  Paper in PDF Format

"Caution Drivers! Children Present: Traffic, pollution and infant health," joint with Douglas L. Miller (UC Davis) and Nicholas J. Sanders (UC Davis)
In submission.  Paper in PDF Format.

"The Implied Cost of Carbon Dioxide under the Cash for Clunkers Program Paper in PDF Format, Spreadsheet, Updated version using the final MPG numbers with other edits, as well. Paper in PDF Format.

"The Productivity Benefits of IT Outsourching," joint with Victor Stango (UC Davis GSM) Paper in PDF Format


Publications

"Are Consumers Myopic? Evidence from New and Used Car Purchases," joint with Meghan Busse (Northwestern) and Florian Zettelmeyer (Northwestern). Forthcoming in The American Economic Review. Paper in PDF Format.

"Reducing Petroleum Consumption from Transportation," Journal of Economic Perspecitives, 26(1), Winter 2012, pp. 93-118. Paper in PDF Format.

"Sacred Cars: Optimal Regulation of Stationary and Non-stationary Pollution Sources," joint with Meredith Fowlie (UCB) and Catherine Wolfram (UCB, Haas). The American Economic Journal: Economic Policy, 4(1), February 2012, pp. 98-126. Paper in PDF Format, NBER Digest writeup

"Automobiles on Steroids: Product Attribute Trade-offs and Technological Progress in the Automobile Sector," In submission. Paper in PDF Format, NBER Digest writeup. The American Economic Review, 101(7), December 2011, pp. 3368-3399. Data used in paper (Stata format), Stata code used in paper

"Challenges in Merger Simulation Analysis," joint with Konstantinos Metaxoglou (Bates and White). The American Economic Review, Papers & Proceedings, 101(3), May 2011, pp. 56-59. Paper in PDF Format

"Strategic Incompatibility in ATM Markets," joint with Victor Stango (UC Davis GSM).   The Journal of Banking and Finance, 35(10), October 2011, pp. 2627-2636. Paper in PDF Format

"Caborn Prices and Automobile Greenhouse Gas Emissions: The Extension and Intensive Margins," joint with Ryan Sandler (UC Davis). Forthcoming in The Design and Implementation of U.S. Climate Policy, NBER Conference Volume, University of Chicago Press. Paper in PDF Format

"Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels," joint with Jason Lepore (Cal Poly).  The International Journal of Industrial Organization, 28(2), March 2010. Paper in PDF Format

"How Does Incompatibility Affect Prices?: Evidence from ATMs," joint with Victor Stango (UC Davis GSM). The Journal of Industrial Economics, 57(3), September 2009.
Paper in PDF Format

"Analysis of the Wealth Impact of Re-Allocation Decisions by Institutional Plan Sponsors," joint with Jeffrey Heisler (BU), John J. Neumann (St. John's) and Scott Stewart (BU). The Financial Analyst Journal 65(6), pp. 34-51. Winner of the Graham and Dodd Award of Excellence.  Paper in PDF Format

"Greenhouse Gas Reductions under Low Carbon Fuel Standards?," joint with Stephen P. Holland (UNC) and Jonathan E. Hughes (Colorado). The American Economic Journal: Economic Policy, 1(1), Februrary 2009, pp. 106-146.
Paper in PDF Format, Matlab Code

"Inefficiencies and Market Power in Financial Arbitrage: A Study of California's Electricity Markets," joint with Severin Borenstein (UCB, Haas), James Bushnell (UC Davis), and Catherine Wolfram (UCB, Haas). The Journal of Industrial Economics, LVI(2), June 2008, pp 347-378.
Paper in PDF Format

"Diagnosing Unilateral Market Power in Electricity Reserves Market," joint with Konstantinos Metaxoglou (Bate White LLC). Journal of Energy Markets, 1(1), Spring 2008.
Paper in PDF Format

"Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," joint with Victor Stango (UC Davis GSM). BE Journal of Economic Analysis and Policy, Vol. 8 : Iss. 1 (Advances), 2008, Article 1.
Paper in PDF Format

"Re-Assessing the U.S. Quality Adjustment to Computer Prices: The Role of Durability and Changing Software," Price Index Concepts and Measurement, NBER and the Chicago Press, 2008. (Joint with Robert Feenstra (UC Davis)).
Paper in PDF Format


"Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand," joint with Jonathan E. Hughes (Colorado) and Daniel Sperling (ITS, UC Davis). The Energy Journal, 29(1), January 2008. 
Paper in PDF Format

"Why Do Institutional Plan Sponsors Hire and Fire their Investment Managers?," joint with Jeffrey Heisler (BU), John J. Neumann (St. John's) and Scott Stewart (BU). Best Paper Award for the 31st NBEA Conference. The Journal of Business and Economic Studies, 13(1), Spring 2007.
Paper in PDF Format

"Biases in Static Oligopoly Models?: Evidence from the California Electricity Market," joint with Dae-Wook Kim (UC Davis). The Journal of Industrial Economics, LIV(4), December 2006. 
Paper in PDF Format

"The Adoption of State Electricity Regulation: The Role of Interest Groups," The Journal of Industrial Economics, LIV(2), June 2006.
Paper in PDF Format


"An Empirical Examination of Deregulated Electricity Prices," Energy Economics, 27(5), September 2005, pp. 791-817. (Joint with Michael Roberts (U of Penn, Wharton)).
Paper in PDF Format

"Regulatory Restructuring and Incumbent Price Dynamics: The Case of Local Telephone Restructuring," The Review of Economics and Statistics, 86(2), May 2004, pp. 614-625.
Paper in PDF Format

"Price Ceilings as Focal Points for Tacit Collusion: Evidence from the Credit Card Market,"  The American Economic Review, 93(5), December 2003, pp. 1703-1729. (Joint with Victor Stango (UC Davis GSM)).
Paper in PDF Format

"Market Structure and the Pricing of Electricity and Natural Gas," The Journal of Industrial Economics, LI(2), June 2003, pp. 167-192.
Paper in PDF Format

"Alternative Regulatory Methods and Firm Efficiency: Stochastic Frontier Evidence the US Electricity Industry," The Review of Economics and Statistics, 84(3), August 2002, pp. 530-540.
Paper in PDF Format

"Market Power in Electricity Markets: Beyond Concentration Measures," The Energy Journal, 20(4), October 1999. (Joint with Severin Borenstein (UCB, Haas) and James Bushnell (UC Davis)). 
Paper in PDF Format

"Interstate Long Distance Rates: Search Costs, Switching Costs and Market Power," The Review of Industrial Organization, 12(4), August 1997.
Paper in PDF Format 


Recent Regulatory Filings

Bushnell, J, L. Goulder, C.R. Knittel, S. Levy, N.E. Ryan, N. Sidhu, J. Sweeney. "EAAC Economic Impacts Subcommittee Report on Air Resources Board's Updated AB 32 Scoping Plan Analysis.", March 2010.

Goulder, L., J. Adams, V. Arroyo, M. Barger, J.K. Boyce, D. Burtraw, J. Bushnell, R. Fisher, R. Frank, R. Frank, D. Kamman, C.R. Knittel, S. Levy, J. Nation, N.E. Ryan, N Sidhu, J.L. Sweeney. "Allocating Emissions Allowances Under a California Cap-and-Trade Program: Recommendations to the California Air Resources Board and California Environmental Protection Agency from the Economic and Allocation Advisory Committee", March 2010.

Arons, S.M., A.R. Brandt, M.A. Delucchi, A. Eggert, A.E. Farrell, B.K. Haya, J. Hughes, B.M. Jenkins, A.D. Jones, D.M. Kammen, S.R. Kaffka, C.R. Knittel, D.M. Lemoine, E.W. Martin, M.W. Melaina, J.M. Ogden, R.J. Plevin, D. Sperling, B.T. Turner, R.B. Williams, C. Yang, 2007. “A Low-Carbon Fuel Standard for California, Part 1: Technical Analysis.” Available Online: http://www.lcfs.ucdavis.edu.

Brandt, A.R., A.E. Farrell, B.K. Haya, J. Hughes, B.M. Jenkins, A.D. Jones, D.M. Kammen, C.R. Knittel, M.W. Melaina, M. O’Hare, R.J. Plevin, D. Sperling, 2007. “A Low-Carbon Fuel Standard for California, Part 2: Policy Analysis.” Available Online: http://www.lcfs.ucdavis.edu.

Peer Review Comments on AB 1493, California Environmental Protection Agency Air Resource Board, September 2004.


Work in Progress

Cash for Clunkers and Market Outcomes, joint with Meghan Busse (Northwestern) and Florian Zettelmeyer (Northwestern)

Scarcity Rents and Climate Change Policy, joint with Severin Borenstein (UC Berkeley) and James Bushnell (Iowa State)

Corn Farmers and Ethanol Refiners: Network Externalities, Indirect Land Use Changes and Food v. Fuel (with Dave Rapson)


IT Outsourcing, Mergers and Industry Exit (with Victor Stango)

Who Merges with Whom? (with Victor Stango)

Price Ceilings in Electricity Markets (with Victor Stango)

Industry Dynamics in ATM Network Markets (with Victor Stango)


Recent Media Cites

Use Google.com to find.



 



 

customizable
counter