Robert S. Pindyck (1945–)

Ernst R. Berndt ()
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Ernst R. Berndt: MIT Sloan School of Management

Chapter 29 in The Palgrave Companion to MIT Economics, 2025, pp 589-627 from Springer

Abstract: Abstract Robert S. Pindyck has made significant contributions to a wide and diverse range of economic literatures; summarising them is challenging. To keep the length of this chapter manageable, I confine my discussion to four areas in which his contributions have been particularly notable: (i) economic applications of optimal control theory; (ii) market structure and the exploitation of non-renewable resource markets; (iii) uncertainty, irreversible investments and option values; and (iv) economic issues underlying climate change and climate policy. Pindyck has been a highly acclaimed educator in MIT classrooms, winning numerous teacher awards. He has also been a successful textbook author, with both his microeconomics and econometrics textbooks having been published in multiple editions.

Keywords: Optimal control; Exhaustible and non-renewable resources; Uncertainty; Irreversible investments; Option value; Sunk costs; Climate policy (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-3-031-77623-6_29

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