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The White House lawn on a sunny day.
Feature: Is DOGE Sure It Wants to Fire These People?

Juliette Kayyem examines the negative effects that Elon Musks’s Department of Government Efficiency (DOGE) could have on the safety of everyday Americans.

River running through a densely populated area.
Feature: Private Benefits from Public Investment in Climate Resilience

Joseph Aldy finds that governmental construction of levees, which enhance resilience to flood risks amplified by climate change, increases home values by 3-4 percent.

Person sits on a bed holding a check.
Feature: Assessing Government Outreach to Bolster Benefits Take-Up

Elizabeth Linos finds that light-touch interventions significantly, consistently, and cost-effectively increase benefits take-up among low-income households, while higher-touch proactive outreach yields minimal additional take-up.

Black family happily sits on the grass in a park.
Feature: Excess Mortality Rate in U.S. Black Children Since 1950

Soroush Saghafian finds that 5 million excess deaths of Black Americans, including over 500,000 infants, could have been avoided over the past 70 years if their mortality rates were equal to those of White Americans.

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

Trust and Trustworthiness

Bohnet, Iris, and Rachel Croson, eds. Trust and Trustworthiness. Journal of Economic Behavior and Organization, December 2004.

Seeking Truth for Power: Informational Strategy and Regulatory Policy Making.

Coglianese, Cary, Richard Zeckhauser, and Edward Parson. "Seeking Truth for Power: Informational Strategy and Regulatory Policy Making." Minnesota Law Review 89 (2004): 277-341.

Introduction.

Stavins, Robert N. "Introduction." The Political Economy of Environmental Regulation. Ed. Robert N. Stavins. Edward Elgar, 2004.

Technology Policy for Energy and the Environment.

Stavins, Robert N. "Technology Policy for Energy and the Environment." Innovation Policy and the Economy, Vol. 4. Ed. Adam B. Jaffe, Josh Lerner, and Scott Stern. MIT Press, 2004, 35-68.

The Denominator Blindness Effect: Accident Frequencies and the Misjudgment of Recklessness.

Viscusi, W. Kip, and Richard Zeckhauser. "The Denominator Blindness Effect: Accident Frequencies and the Misjudgment of Recklessness." American Law and Economics Review 6.1 (2004): 72-94.

The Political Economy of Environmental Regulation

Stavins, Robert N. The Political Economy of Environmental Regulation. Edward Elgar, 2004.

The Ecology of Risk Taking.

Degeorge, Francois, Boaz Moselle, and Richard Zeckhauser. "The Ecology of Risk Taking." Journal of Risk and Uncertainty 28.3 (2004): 192-215.

Extending the Theory to Meet the Practice of Insurance.

Cutler, David M., and Richard Zeckhauser. "Extending the Theory to Meet the Practice of Insurance." Brookings-Wharton Papers on Financial Services. Ed. Robert E. Litan and Richard Herring. Brookings Institution, 2004, 1-53.

For Sale: But How? Auctions vs. Negotiations.

Subramanian, Guhan, and Richard Zeckhauser. "For Sale: But How? Auctions vs. Negotiations." Negotiation October 2004.

On the Block: Choose the Best Type of Auction.

Subramanian, Guhan, and Richard Zeckhauser. "On the Block: Choose the Best Type of Auction." Negotiation December 2004.

Quarter Notes and Bank Notes: The Economics of Music Composition in the 18th and 19th Centuries

Scherer, F.M. Quarter Notes and Bank Notes: The Economics of Music Composition in the 18th and 19th Centuries. Princeton University Press, 2004.

Repetition and Reputation: Implications for Trust and Trustworthiness in the Short and in the Long Run.

Bohnet, Iris, and Steffen Huck. "Repetition and Reputation: Implications for Trust and Trustworthiness in the Short and in the Long Run." KSG Faculty Research Working Papers Series RWP03-048, November 2003.

Is Trust a Bad Investment?

Ashraf, Nava, Iris Bohnet, and Nikita Piankov. "Is Trust a Bad Investment?" KSG Faculty Research Working Papers Series RWP03-047, November 2003.

Expressive Law: Framing or Equilibrium Selection?

Bohnet, Iris, and Robert Cooter. "Expressive Law: Framing or Equilibrium Selection?" KSG Faculty Research Working Papers Series RWP03-046, November 2003.

Transmission Market Design.

Hogan, William W. "Transmission Market Design." KSG Faculty Research Working Papers Series RWP03-040, October 2003.

Trust, Risk and Betrayal.

Bohnet, Iris, and Richard Zeckhauser. "Trust, Risk and Betrayal." KSG Faculty Research Working Papers Series RWP03-041, October 2003.

Successful Market Design (SMD) and Failure Diagnosis: Blackouts and Lampposts in Regulating Electricity Markets.

Hogan, William W. "Successful Market Design (SMD) and Failure Diagnosis: Blackouts and Lampposts in Regulating Electricity Markets." Center for Business and Government, October 2003.

Electricity Is a Federal Issue.

Hogan, William W. "Electricity Is a Federal Issue." Wall Street Journal, August 18, 2003.

Environmental Protection and Economic Well-Being: How Does (and How Should) Government Balance These Two Important Values?

Stavins, Robert N. "Environmental Protection and Economic Well-Being: How Does (and How Should) Government Balance These Two Important Values?" KSG Faculty Research Working Papers Series RWP03-35, August 2003.

Possibly-Final Offers.

Miller, Nolan, Nikita Piankov, and Richard Zeckhauser. "Possibly-Final Offers." Working Paper, August 2003.

Market-Based Environmental Policies: What Can We Learn from U.S. Experience and Related Research?

Stavins, Robert N. "Market-Based Environmental Policies: What Can We Learn from U.S. Experience and Related Research?" KSG Faculty Research Working Papers Series RWP03-031, July 2003.

Determinants of Land-Use Change in the United States, 1982-1997: Results from a National-Level Econometric and Simulation Analysis.

Lubowski, Ruben N., Andrew J. Plantinga, and Robert N. Stavins. "Determinants of Land-Use Change in the United States, 1982-1997: Results from a National-Level Econometric and Simulation Analysis." Association of Environmental and Resource Economists Conference Paper, July 2003.

Social Comparisons in Ultimatum Bargaining.

Bohnet, Iris, and Richard Zeckhauser. "Social Comparisons in Ultimatum Bargaining." KSG Faculty Research Working Papers Series RWP03-028, June 2003.

The Effects of Environmental Regulation on Technology Diffusion: The Case of Chlorine Manufacturing.

Snyder, Lori D., Nolan Miller, and Robert N. Stavins. "The Effects of Environmental Regulation on Technology Diffusion: The Case of Chlorine Manufacturing." American Economic Review Papers and Proceedings 93.2 (May 2003): 431-435.

Taking Fish to Market; Why Not Trade Fishing Rights Like Pollution Credits?

Stavins, Robert N. "Taking Fish to Market; Why Not Trade Fishing Rights Like Pollution Credits?" Forbes, April 23, 2003.

Efficient Design with Multidimensional, Continuous Types, and Interdependent Valuations.

Johnson, Scott, Nolan Miller, John W. Pratt, and Richard Zeckhauser. "Efficient Design with Multidimensional, Continuous Types, and Interdependent Valuations." KSG Faculty Research Working Papers Series RWP03-020, March 2003.

Racial Profiling.

Risse, Mathias, and Richard Zeckhauser. "Racial Profiling." KSG Faculty Research Working Papers Series RWP03-021, March 2003.

Private Options to Use Public Goods: Exploiting Revealed Preferences to Estimate Environmental Benefits.

Snyder, Lori D., Robert N. Stavins, and Alexander F. Wagner. "Private Options to Use Public Goods: Exploiting Revealed Preferences to Estimate Environmental Benefits." KSG Faculty Research Working Papers Series RWP03-013, March 2003.

Sacrificing Civil Liberties to Reduce Terrorism Risks.

Viscusi, W. Kip, and Richard Zeckhauser. "Sacrificing Civil Liberties to Reduce Terrorism Risks." KSG Faculty Research Working Papers Series RWP03-017, March 2003.

Does Price Structure Matter? Household Water Demand Under Increasing-Block and Uniform Prices.

Olmstead, Sheila, W. Michael Hanemann, and Robert N. Stavins. "Does Price Structure Matter? Household Water Demand Under Increasing-Block and Uniform Prices." NBER Research Paper, March 2003.

Provider Choice of Quality and Surplus.

Eggleston, Karen, Nolan Miller, and Richard Zeckhauser. "Provider Choice of Quality and Surplus." Tufts University Department of Economics Discussion Papers Series, March 2003.

On Minimum-Uplift Pricing for Electricity Markets.

Hogan, William W., and Brendan Ring. "On Minimum-Uplift Pricing for Electricity Markets." Harvard Electricity Policy Group and Harvard-Japan Project on Energy and the Environment, March 2003.

The Value of Reputation on eBay: A Controlled Experiment

Resnick, Paul, Richard Zeckhauser, John Swanson, and Kate Lockwood. "The Value of Reputation on eBay: A Controlled Experiment." KSG Faculty Research Working Papers Series RWP03-007, February 2003.

How Did Leading Indicator Forecasts Perform During the 2001 Recession?

Stock, James H. "How Did Leading Indicator Forecasts Perform During the 2001 Recession?" Economic Quarterly 89.3 (Summer 2003).

Enrollee Mix, Treatment Intensity, and Cost in Competing Indemnity and HMO Plans.

Altman, Daniel, David Cutler, and Richard Zeckhauser. "Enrollee Mix, Treatment Intensity, and Cost in Competing Indemnity and HMO Plans." Journal of Health Economics 22.1 (January 2003).

Increasing Participation and Compliance in International Climate Change Agreements.

Barrett, Scott, and Robert N. Stavins. "Increasing Participation and Compliance in International Climate Change Agreements." International Environmental Agreements: Politics, Law and Economics 3 (2003): 349-376.

Thirteen Plus One: A Comparison of Global Climate Policy Architectures.

Aldy, Joseph E., Scott Barrett, and Robert N. Stavins. "Thirteen Plus One: A Comparison of Global Climate Policy Architectures." Climate Policy 3.4 (2003): 373-397.

Environmental Regulation During the 1990s: A Retrospective Analysis.

Hahn, Robert W., Sheila M. Olmstead, and Robert N. Stavins. "Environmental Regulation During the 1990s: A Retrospective Analysis." Harvard Environmental Law Review 27.2 (2003): 377-415.

Testing Hypotheses about Mechanisms for the Unknown Carbon Sink: A Time Series Analysis.

Stock, James H., and Robert A. Kaufmann. "Testing Hypotheses about Mechanisms for the Unknown Carbon Sink: A Time Series Analysis." Global Biogeochemical Cycles 17 (2003).

Forecasting Output and Inflation: The Role of Asset Prices.

Stock, James H., and Mark W. Watson. "Forecasting Output and Inflation: The Role of Asset Prices." Journal of Economic Literature 41 (2003): 788-829.

Who Invented Instrumental Variable Regression?

Stock, James H., and Francesco Trebbi. "Who Invented Instrumental Variable Regression?" Journal of Economic Perspectives 17 (2003): 177-194.

Technological Change and the Environment.

Jaffe, Adam B., Richard G. Newell, and Robert N. Stavins. "Technological Change and the Environment." Handbook of Environmental Economics, Volume 1. Ed. Karl-Göran Mäler and Jeffrey Vincent. Elsevier Science, 2003.

Interpreting Sustainability in Economic Terms: Dynamic Efficiency Plus Intergenerational Equity.

Stavins, Robert N., Alexander F. Wagner, and Gernot Wagner. "Interpreting Sustainability in Economic Terms: Dynamic Efficiency Plus Intergenerational Equity." Economic Letters 79 (2003): 339-343.

Cost Heterogeneity and the Potential Savings from Market-Based Policies.

Stavins, Robert N., and Richard G. Newell. "Cost Heterogeneity and the Potential Savings from Market-Based Policies." Journal of Regulatory Economics 23.1 (January 2003): 43-59.

Experience with Market-Based Environmental Policy Instruments.

Stavins, Robert N. "Experience with Market-Based Environmental Policy Instruments." Handbook of Environmental Economics, Volume 1. Ed. Karl-Göran Mäler and Jeffrey Vincent. Elsevier Science, 2003.

The Early Admissions Game: Joining the Elite

Avery, Christopher, Andrew Fairbanks, and Richard Zeckhauser. The Early Admissions Game: Joining the Elite. Harvard University Press, 2003.

Introduction to Econometrics

Stock, James H., and Mark W. Watson. Introduction to Econometrics. Addison, 2003.

Collective Silence and Individual Voice: The Logic of Information Games.

Parson, Edward, Richard Zeckhauser, and Cary Coglianese. "Collective Silence and Individual Voice: The Logic of Information Games." Collective Choice: Essays in Honor of Mancur Olson. Ed. Jac Heckelman and Dennis Coates. Springer-Verlag, 2003.

Semiparametric Instrumental Variable Estimation of Treatment Response Models.

Abadie, Alberto. "Semiparametric Instrumental Variable Estimation of Treatment Response Models." Journal of Econometrics 113.2 (2003): 231-263.

The Economic Costs of Conflict: A Case-Control Study for the Basque Country.

Abadie, Alberto, and Javier Gardeazabal. "The Economic Costs of Conflict: A Case-Control Study for the Basque Country." American Economic Review 93.1 (2003): 113-132.