Harvard Kennedy School faculty disseminate their research in working publications and papers 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 Publications
Stock, James H., and Matthew Zaragoza-Watkins. "The Market and Climate Implications of U.S. LNG Exports." NBER Working Paper Series, March 2024.
Aldy, Joseph, Todd D. Gerarden, and Richard L. Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." Journal of the Association of Environmental and Resource Economists 10.4 (July 2023): 981-1018.
Aldy, Joseph, Patrick Bolton, Marcin Kacperczyk, and Zachery M. Halem. "Behind schedule: The corporate effort to fulfill climate obligations." Journal of Applied Corporate Finance 35.2 (Spring 2023): 26-34.
Kimsey, Marissa, Thijs Geradts, and Julie Battilana. "Walking the Purpose-Talk Inside a Large Company: Sustainable Product Development as an Instance of Divergent Change." Strategy Science (2023): 1-11.
Aldy, Joseph E., and Maximilian Auffhammer. "Localizing Environmental Regulation: The Case of Boutique Fuels." Resources for the Future, May 2023.
Aldy, Joseph, Patrick Bolton, Zachery Halem, Marcin T. Kacperczyk, and Peter R. Orszag. "Show and Tell: An Analysis of Corporate Climate Messaging and its Financial Impacts." April 22, 2023.
Aldy, Joseph E., Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, Roberton C. Williams III & Maureen L. Cropper. "How Is the US Pricing Carbon? How Could We Price Carbon?" HKS Faculty Research Working Paper Series RWP22-018, October 2022.
Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." HKS Faculty Research Working Paper Series RWP22-010, August 2022.
Andrianesis, Panagiotis, Dimitris J Bertsimas, Michael Caramanis, and William W. Hogan. "Computation of Convex Hull Prices in Electricity Markets with Non-Convexities using Dantzig-Wolfe Decomposition." IEEE Transactions on Power Systems 37.4 (July 2022): 2578-2589.
Taylor, Charles A., and Hannah Druckenmiller. "Wetlands, Flooding, and the Clean Water Act." American Economic Review 112.4 (April 2022): 1334-1363.
Taylor, Charles A., and James Rising. "Tipping point dynamics in global land use." Environmental Research Letters 16.12 (December 2021): 125012.
Hogan, William W. "Strengths and weaknesses of the PJM market model." Handbook on Electricity Markets. Ed. Jean-Michel Glachant, Paul L. Joskow, and Michael G. Pollitt. Edward Elgar Publishing, 2021, 182-204.
Schlenker, Wolfram, and Charles A. Taylor. "Market expectations of a warming climate." Journal of Financial Economics 142.2 (November 2021): 627-640.
Taylor, Charles A., and Wolfram Schlenker. "Environmental Drivers of Agricultural Productivity Growth: CO2 Fertilization of US Field Crops." NBER Working Paper Series, October 2021.
Edmonds, James, Sha Yu, Haewon Mcjeon, Dirk Forrister, Joseph Aldy, Nathan Hultman, Ryna Cui, Stephanie Waldhoff, Leon Clarke, Stefano de Clara, and Clayton Munnings. "How much could article 6 enhance nationally determined contribution ambition toward paris agreement goals through economic efficiency?" Climate Change Economics 12.2 (2021).
Bento, Nuno, Gianfranco Gianfrate, and Joseph E. Aldy. "National Climate Policies and Corporate Internal Carbon Pricing." The Energy Journal 42.5 (2021).
Aldy, Joseph. "Testimony on the Elimination of Fossil Fuel Subsidies to the US Subcommittee on the Environment." US House Oversight Committee, April 22, 2021.
Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections." HKS Faculty Research Working Paper Series RWP21-011, March 2021.
Salles, Maurício B. C., Taina N. Gadotti, Michael J. Aziz, and William W. Hogan. "Potential revenue and breakeven of energy storage systems in PJM energy markets." Environmental Science and Pollution Research 28 (March 2021): 12357-12368.
Taylor, Charles A., Christopher Boulosb, and Douglas Almonda. "Livestock plants and COVID-19 transmission." Proceedings of the National Academy of Sciences Vol.117.50 (December 15, 2020): 31706-31715.
Lee, Henry, and Abigail Mayer. "The Future of Carbon Offset Markets." Environment and Natural Resources Program, Belfer Center for Science and International Affairs, October 22, 2020.
Aldy, Joseph, and Robert N. Stavins. "Rolling the Dice in the Corridors of Power: William Nordhaus’s Impacts on Climate Change Policy." HKS Faculty Research Working Paper Series RWP20-022, July 2020.
Irwin, Scott H., Kristen McCormack, and James H. Stock. "The Price of Biodiesel RINs and Economic Fundamentals." American Journal of Agricultural Economics 102.3 (May 2020): 734-752.
Aldy, Joseph, Matthew Kotchen, Mary Evans, Meredith Fowlie, Arik Levinson, and Karen Palmer. "Deep Flaws in a Mercury Regulatory Analysis." Science 368.6488 (April 2020): 247-248.
Chen, Cuicui, and Henry Lee. "The Value of Carbon Capture, Utilization, and Sequestration." Environment and Natural Resources Program, Belfer Center for Science and International Affairs, March 4, 2020.
Gerarden, Todd D., W. Spencer Reeder, and James H. Stock. "Federal Coal Program Reform, the Clean Power Plan, and the Interaction of Upstream and Downstream Climate Policies." American Economic Journal: Economic Policy 12.1 (February 2020): 167-199.
Montamat, Giselle, and James H. Stock. "Quasi-Experimental Estimates of the Transient Climate Response Using Observational Data." Climatic Change (2020): 1-11.
Stock, James H. "Climate Change, Climate Policy, and Economic Growth." NBER Macroeconomics Annual 34.1 (January 2020): 399-419.
Aldy, Joseph. "Evaluating Regulatory Performance: Learning from and Institutionalizing Retrospective Analysis of EPA Regulations." Case Western Reserve Law Review 70.4 (2020): 971-1006.
Aldy, Joseph. "Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy." Review of Environmental Economics and Policy 14.1 (Winter 2020).
Mayne, Quinton, Jorrit de Jong, and Fernando Fernandez-Monge. "State Capabilities for Problem-Oriented Governance." Perspectives on Public Management and Governance (2019).
De Blasio, Nicola, and Henry Lee. "Saudi Arabia’s Energy Infrastructure Under Attack. What’s Next?" National Interest, October 6, 2019.
Linda Bilmes and John B. Loomis, eds. Valuing US National Parks and Programs: America’s Best Investment Routledge, 2019.
Qiao, Qinyu, and Henry Lee. "The Role of Electric Vehicles in Decarbonizing China’s Transportation Sector." Environment and Natural Resources Program, Belfer Center for Science and International Affairs, April 2019.
Lee, Henry. "Saving Natural Gas through Regulation." National Interest, March 31, 2019.
Irwin, Scott H., Kristen McCormack, and James H. Stock. "The Price of Biodiesel RINs and Economic Fundamentals." HKS Faculty Research Working Paper Series, December 2018.
Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election." HKS Faculty Research Working Paper Series RWP18-037, September 2018.
Aldy, Joseph, Todd Gerarden, and Richard Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." HKS Faculty Research Working Paper Series RWP18-012, March 2018.
Chen, Cuicui, and Richard Zeckhauser. "Collective Action in an Asymmetric World." Journal of Public Economics 158 (February 2018): 103-112.
Hogan, William W. "An Efficient Western Energy Imbalance Market with Conflicting Carbon Policies." The Electricity Journal 30.10 (December 2017): 8-15.
Houde, Sebastien, and Joseph E. Aldy. "The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies." HKS Faculty Research Working Paper Series RWP17-047, December 2017.
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.
Mehling, Michael A.; Metcalf, Gilbert E.; and Stavins, Robert N. "Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement)." HKS Faculty Research Working Paper Series RWP17-042, September 2017.
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.
Goldsmith, Stephen and Jill Jamieson. "Tapping Private Financing and Delivery to Modernize America’s Federal Water Resources." U.S. Army Corps of Engineers Institute for Water Resources, January 2017.
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.
Cunningham, Edward. "The Jinyuan Group: China’s Energy Boom and the Rise of Local Government Entrepreneurs." 2013.
Cunningham, Edward, and K. Matus. "Multinational Corporations and 'Indigenous Innovation' in China’s Chemical Industry: The Case of Dow Chemical." 2013.
Kayyem, Juliette. "BP Lets Employees Take The Fall." Boston Globe, November 19, 2012.
Stavins, Robert N., ed. Economics of the Environment: Selected Readings W. W. Norton & Company, 2012.