Robert S. Pindyck Bank of Tokyo-Mitsubishi Professor of Economics and Finance Sloan School of Management, Massachusetts Institute of Technology

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The Economics of Catastrophes and Sustainability

• Population, Productivity, and Sustainability Consumptions, American Economic Journal: Microeconomics, October 2024.

• Welfare Costs of Catastrophes: Lost Consumption and Lost Lives, (with Ian Martin), The Economic Journal, 2021.

• COVID-19 and the Welfare Effects of Reducing Contagion, NBER Working Paper No. 27121, May 2020.

• Averting Catastrophes that Kill, (with Ian Martin), NBER Working Paper No. 23346, April 2017.

• Averting Catastrophes: The Strange Economics of Scylla and Charybdis, (with Ian Martin), American Economic Review, October 2015.
  • Appendix: "A Catastrophe that Can Occur Only Once."

• The Economic and Policy Consequences of Catastrophes, (with Neng Wang), American Economic Journal: Economic Policy, November 2013.
  • "The Economic and Policy Consequences of Catastrophes", Appendix E

 

Environmental Economics and Public Policy

• A Supply Curve for Forest-Based CO2 Removal, (with Sergio Franklin), NBER Working Paper No. 32207, March 2024.

• What We Know and Don't Know about Climate Change, and Implications for Policy, Environmental and Energy Policy and the Economy, volume 2, University of Chicago Press, 2021.

• The Social Cost of Carbon Revisited, The Journal of Environmental Economics and Management, February 2019.

• Tropical Forests, Tipping Points, and the Social Cost of Deforestation, (with Sergio Franklin), Ecological Economics, July 2018.

• Taxes, Targets, and the Social Cost of Carbon, Economica, June 2017.

• The Use and Misuse of Models for Climate Policy, Review of Environmental Economics and Policy, Summer 2017.

• Risk and Return in the Design of Environmental Policy, Journal of the Association of Environmental and Resource Economists, September 2014.

• Climate Change Policy: What Do the Models Tell Us?, Journal of Economic Literature, 2013.

• Pricing Carbon When We Don't Know the Right Price, Regulation, Summer 2013.

• Risk and Return in Environmental Economics, NBER Working Paper No. 18262, July 2012.

• The Climate Policy Dilemma, Review of Environmental Economics and Policy, Summer 2013.

• Uncertain Outcomes and Climate Change Policy, Journal of Environmental Economics and Management, February 2012.

• Fat Tails, Thin Tails, and Climate Change Policy, Review of Environmental Economics and Policy, Summer 2011.

• Solving Optimal Timing Problems in Environmental Economics, (with Metin Balikcioglu and Paul L. Fackler), Resource and Energy Economics, March 2011.

• Modeling the Impact of Warming in Climate Change Economics, Chapter 2 in The Economics of Climate Change, University of Chicago Press, 2011.

• Uncertainty in Environmental Economics, Review of Environmental Economics and Policy, Winter 2007.

• Optimal Timing Problems in Environmental Economics, Journal of Economic Dynamics and Control, July 2002.

• Irreversibilities and the Timing of Environmental Policy, Resource and Energy Economics, July 2000.

 

Energy and Commodity Markets

• The Simple Economics of Commodity Price Speculation, (with C. Knittel), to American Economic Journal: Macroeconomics, April 2016.

• Volatility in Natural Gas and Oil Markets, Journal of Energy and Development, November 2004.

• Volatility and Commodity Price Dynamics, The Journal of Futures Markets, November 2004.

• The Dynamics of Commodity Spot and Futures Markets: A Primer, The Energy Journal, August 2001.

Microeconomics, Regulation, and Antitrust

• A Simple Rule for Pricing with Limited Knowledge of Demand, (with M. Cohen and G. Perakis), Management Science, June 2020.

• Scarcity, Market Power, and Prices at Slot-Constrained Airports: Evidence from Mexico City, (with A. Arcelus et al), Journal of Transport Economics and Policy, April 2019.

• Sunk Costs and Risk-Based Barriers to Entry, NBER Working Paper, February 2009.

• Governance, Issuance Restrictions, And Competition In Payment Card Networks, NBER Working Paper, June 2007, and Chap. 19 of The Antitrust Revolution, 5th Ed., Kwoka and White, eds., Oxford Univ. Press, 2009.

• Sunk Costs and Real Options in Antitrust Analysis , in Issues in Competition Law and Policy , W. D. Collins, ed., ABA Press, 2008.

• Mandatory Unbundling and Irreversible Investment in Telecom Networks, Review of Network Economics, September 2007.

• Pricing Capital under Mandatory Unbundling and Facilities Sharing , NBER Working Paper No. 11225, March 2005

• Consumption Externalities and Diffusion in Pharmaceutical Markets: Antiulcer Drugs, (with E.R. Berndt and P. Azoulay), Journal of Industrial Economics, June 2003.

• Are Imports to Blame? Attribution of Injury under the 1974 Trade Act, (with J. Rotemberg), Journal of Law and Economics, April 1987.

 

Natural Resource Markets

• Uncertainty in the Theory of Renewable Resource Markets, Review of Economic Studies, April 1984.

• Jointly Produced Exhaustible Resources, Journal of Environmental Economics and Manage­ment, December 1982.

• Uncertainty and Exhaustible Resource Markets, Journal of Political Economy, December 1980.

• The Optimal Exploration and Production of Nonrenewable Resources, Journal of Political Economy, October 1978.

• Gains to Producers from the Cartelization of Exhaustible, May 1978.

 

Investment Under Uncertainty

• A Markup Interpretation of Optimal Investment Rules, (with A. Dixit and S. Sødal ), The Economic Journal, April 1999.

• Expandability, Reversibility, and Optimal Capacity Choice, (with A.K. Dixit), in Project Flexibility, Agency, and Competition, M.J. Brennan and L. Trigeorgis (Eds.), Oxford University Press, 1999.

• Uncertainty, Investment, and Industry Evolution, (with R. Caballero), International Economic Review, August 1996.

• Options, The Value of Capital, and Investment, (with A. Abel, A. Dixit and J. Eberly ), Quarterly Journal of Economics, August 1996.

• The Options Approach to Capital Investment, (with A.K. Dixit), Harvard Business Review, May/June 1995.

• Investments of Uncertain Cost, Journal of Financial Economics, August 1993.

• A Note on Competitive Investment Under Uncertainty, American Economic Review, March 1993.

• Irreversibility, Uncertainty, and Investment, Journal of Economic Literature, Sept. 1991.

• Irreversible Investment, Capacity Choice, and the Value of the Firm, American Economic Review, Dec. 1988.

• Economic Instability and Aggregate Investment, (with A. Solimano), NBER Macroeconomics Annual, 1993.

• Investments in Flexible Production Capacity, (with H. He), Journal of Economic Dynamics and Control, August 1992.

• Time to Build, Option Value, and Investment Decisions, (with S. Majd), Journal of Financial Economics, March 1987.