Paul Lewis Joskow (1947-)

Michael Pollitt

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: Paul Lewis Joskow has long been recognised as one of MIT's foremost applied economists of industrial organization. I discuss Paul's research under three main headings: regulatory economics, applied contract theory and energy and environmental economics. What is impressive about Paul's work is the range from theory through to empirical work and his attention to institutional detail. A recurring motif is that he challenges lazy calls for deregulation by carefully pointing out the conditions under which deregulation can work and where the need for continuing regulation lies. All of this he does in the context of listening carefully to what regulators and industry players say about the issues they face, the decisions they need to make and how their industries actually function.

Keywords: Incentive Regulation; Vertical Integration; Emissions Markets; Electricity Liberalization (search for similar items in EconPapers)
JEL-codes: L43 L51 L94 Q53 Q54 (search for similar items in EconPapers)
Date: 2024-07-15
New Economics Papers: this item is included in nep-ene and nep-env
Note: mgp20
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Working Paper: Paul Lewis Joskow (1947-) (2024)
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