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Harvard Kennedy School faculty disseminate their research in working papers and publications that contribute to public knowledge and fuel policy innovation. This list features recent faculty publications, including journal articles, books, edited volumes, research papers, and public testimony.

Faculty Papers and Publications

Hanson, Gordon. "The impacts of the U.S.-China trade war." Business Economics 55 (February 2020): 69–72.
Kotowski, Maciej. "First-Price Auctions with Budget Constraints." Theoretical Economics 15.1 (January 2020): 199-237.
Dynan, Karen. "The Economic Context for Reforming the Safety Net." The ANNALS of the American Academy of Political and Social Science 686.1 (November 2019): 352-368.
Balbuzanov, Ivan, and Maciej H. Kotowski. "Endowments, Exclusion, and Exchange." Econometrica 87.5 (September 2019): 1663-1692.
Lawrence, Robert Z. "China, Like the US, Faces Challenges in Achieving Inclusive Growth Through Manufacturing." China & World Economy (August 2019).
Frankel, Jeffrey A. "Should the Fed Be Constrained?" CATO Journal 39.2 (Spring/Summer 2019): 461-470.
Green, John, and Richard Zeckhauser. "Thunder Versus Lightning: A Performance and Cost Analysis of the A-10 “Warthog” Versus the F-35 Joint Strike Fighter." Journal of Benefit-Cost Analysis 10.3 (2019): 434-468.
Jorgenson, Dale W., Mun Ho, and Jon Samuels. "Recent U.S. Economic Performance and Prospects for Future Growth." Journal of Policy Modeling 41.3 (May 2019): 459-476.
Reinhart, Carmen. "Latin America's Challenging External Environment: Old and New Forces." Latin America Policy Journal 8 (Spring 2019): 9-13.
Li, Jing, and James H. Stock. "Cost Pass-Through to Higher Ethanol Blends at the Pump: Evidence from Minnesota Gas Station Data." Journal of Environmental Economics and Management 93 (January 2019): 1-19.
Liebman, Jeffrey, and Daniel Ramsey. "Independent Taxation, Horizontal Equity, and Return-Free Filing." Tax Policy and the Economy 33.1 (January 2019): 109-130.
Reinhart, Carmen, and Vincent Reinhart. "The Crisis Next Time: What We Should Have Learned from 2008." Foreign Affairs 97.6 (November/December 2018): 84-97.
Kadam, Sangram V., and Maciej H. Kotowski. "Multiperiod Matching." International Economic Review 59.4 (November 2018): 1927-1947.
Kadam, Sangram V., and Maciej H. Kotowski. "Time Horizons, Lattice Structures, and Welfare in Multi-period Matching Markets." Games and Economic Behavior 112 (November 2018): 1-20.
Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Company Stock Price Reactions to the 2016 Election Shock: Trump, Taxes, and Trade." Journal of Financial Economics 130 (November 2018): 428-451.
Lazarus, Eben, Daniel J. Lewis, James H. Stock, and Mark W. Watson. "HAR Inference: Recommendations for Practice." Journal of Business & Economic Statistics 36.4 (October 2018): 541-559.
Nelson, Jonathan K., and Richard J. Zeckhauser. "Raphael, Superstar, and His Extraordinary Prices." Sources: Notes in the History of Art (Fall 2018): 15-23.
Jorgenson, Dale W. "Production and Welfare: Progress in Economic Measurement." Journal of Economic Literature 56.3 (September 2018): 867-919.
Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Behavioral Household Finance." Handbook of Behavioral Economics 1 177-276.
Shoag, Daniel, and Stan Veuger. "Shops and the City: Evidence on Local Externalities and Local Government Policy from Big-Box Bankruptcies." Review of Economics and Statistics 100.3 (July 2018): 440-453.
Friedman, Jeffrey A., Joshua D. Baker, Barbara A. Mellers, Philip E. Tetlock, and Richard Zeckhauser. "The Value of Precision in Probability Assessment: Evidence from a Large-Scale Geopolitical Forecasting Tournament." International Studies Quarterly 62 (June 2018): 410-422.
Kariv, S., Maciej H. Kotowski, and C. M. Leister. "Liquidity Risk in Sequential Trading Networks." Games and Economic Behavior 109 (May 2018): 565-581.
Stock, James H., and Mark W. Watson. "Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments." The Economic Journal 128.610 (May 2018): 917-948.
Dynan, Karen. "Adapting Tax Systems for Population Aging." Business Economics 53.2 (April 2018): 66-71.
Chen, Cuicui, and Richard Zeckhauser. "Collective Action in an Asymmetric World." Journal of Public Economics 158 (February 2018): 103-112.
Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Unequal Rewards to Firms: Stock Market Responses to the Trump Election and the 2017 Corporate Tax Reform." AEA Papers and Proceedings 108 (January 2018): 590-596.
Kotowski, Maciej. "On Asymmetric Reserve Prices." Theoretical Economics 13.1 (January 2018): 205-237.
Hogan, William W. "An Efficient Western Energy Imbalance Market with Conflicting Carbon Policies." The Electricity Journal 30.10 (December 2017): 8-15.
Schmalensee, Richard, and Robert N. Stavins. "The Design of Environmental Markets: What Have We Learned from Experience with Cap and Trade?" Oxford Review of Economic Policy 33.4 (November 2017): 572-588.
Kotowski, Maciej, and Richard Zeckhauser. "If Many Seek, Ye Shall Find: Search Externalities and New Goods." American Economic Journal: Microeconomics 9.4 (November 2017): 42-73.
Shoag, Daniel, and Peter Ganong. "Why has Regional Income Convergence in the US Declined?" Journal of Urban Economics 102 (November 2017): 76-90.
Cross, Robin, Andrew J. Plantinga, and Robert N. Stavins. "Terroir in the New World: Hedonic Estimation of Vineyard Sale Prices in California." Journal of Wine Economics 12.3 (August 2017): 282-301.
Madrian, Brigitte C., Hal E. Hershfield, Abigail B. Sussman, Saurabh Bhargava, Jeremy Burke, Scott A Huettel, Julian Jamison, Eric J. Johnson, John G. Lynch, Stephan Meier, Scott Rick, and Suzanne B. Shu. "Behaviorally Informed Policies for Household Financial Decisionmaking." Behavioral Science & Policy 3.1 (2017): 26-40.
Elzinga, Kenneth G., and F. M. Scherer. "Thirteen Editions of The Structure of American Industry: An IO Perspective." Review of Industrial Organization 49.3 (November 2016): 515-532.
Robinson, Lisa A., James K. Hammitt, and Richard J. Zeckhauser. "Attention to Distribution in U.S. Regulatory Analyses." Review of Environmental Economics and Policy 10.2 (July 2016): 308-328.
Dogan, Pinar, Marc Bourreau, and Matthieu Manant. "Size of RJVs and Degree of Cooperation in Product Development." International Journal of Industrial Organization 46 (May 2016): 77-106.
Bourreau, Marc, Pinar Dogan, and Sounman Hong. "Making Money by Giving It for Free: Radiohead’s Pre-Release Strategy for In Rainbows." Information Economics and Policy 32 (September 2015): 77-93.
Viscusi, W. Kip, and Richard J. Zeckhauser. "Regulating Ambiguous Risks: The Less than Rational Regulation of Pharmaceuticals." Journal of Legal Studies 44.S2 (June 2015): S387-S422.
Beshears, John, James J. Choi, Joshua Hurwitz, David Laibson, and Brigitte C. Madrian. "Liquidity in Retirement Savings Systems: An International Comparison." American Economic Review 105.5 (May 2015).
Dobbie, Will and Jae Song. "Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection." American Economic Review 105.3 (March 2015): 1272-1311.
Borreau, Marc, Pinar Dogan, and Romain Lestage. "Level of Access and Infrastructure Investment in Network Industries." Journal of Regulatory Economics 46.3 (December 2014): 237-260.
Bourreau, Marc, Carlo Cambini, and Pinar Dogan. "Access Regulation and the Transition from Copper to Fiber Networks in Telecoms." Journal of Regulatory Economics 45.3 (June 2014): 233-258.
Kotowski, Maciej H., David A. Weisbach, and Richard J. Zeckhauser. "Rules and Standards when Compliance Costs are Private Information." Journal of Legal Studies 43.S2 (June 2014): S297-S329.
Kotowski, Maciej, David A. Weisbach, and Richard J. Zeckhauser. "Audits as Signals." University of Chicago Law Review 81.1 (February 2014): 179-202.
Ruggie, John Gerard. "Global Governance and “New Governance Theory”: Lessons from Business and Human Rights." Global Governance 20.1 (January-March 2014): 5-17.
Dobbie, Willm and Paige Marta Skiba. "Information Asymmetries in Consumer Lending: Evidence from Payday Lending." American Economic Journal: Applied Economics 4 (July 2013): 5.
Seabury, Seth A., Amitabh Chandra, Darius N. Lakdawalla, and Anupam B. Jena. "On Average, Physicians Spend Nearly 11 Percent Of Their 40-Year Careers With An Open, Unresolved Malpractice Claim." Health Affairs 32.1 (January 2013): 111-119.
Ranson, Matthew, and Robert N. Stavins. "Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems." Chicago Journal of International Law 13.2 (Winter 2013): 403-438.
Liebman, Jeffrey. "test." HHH .
W. Kip Viscusi, and Richard J. Zeckhauser. "Deterring and Compensating Oil-Spill Catastrophes: The Need for Strict and Two-Tier Liability." Vanderbilt Law Review 64.6 (2011): 1717-1765.