Background
Joskow, Paul Lewis was born on June 30, 1947 in Brooklyn. Son of Jules and Charlotte Joan (Epstein) Joskow.
(Markets for Clean Air provides a comprehensive, in-depth ...)
Markets for Clean Air provides a comprehensive, in-depth description and evaluation of the first three years' experience with the U.S. Acid Rain Program. This environmental control program is the world's first large-scale use of a tradable emission permit system for achieving environmental goals. The book analyzes the behavior and performance of the market for emissions permits, called allowances in the Acid Rain Program, and quantifies emission reductions, compliance costs, and cost savings associated with the trading program. The book also includes chapters on the historical context in which this pioneering program developed and the political economy of allowance allocations.
http://www.amazon.com/gp/product/0521660831/?tag=2022091-20
(The growing public concern over rapidly rising health car...)
The growing public concern over rapidly rising health care costs, particularly hospital care, is understandable, with direct and indirect expenditures now amounting to about $100 billion each year. In this book, economist Paul Joskow explores the reasons for these increasing costs, the burdens of excessive hospital expenditures on the economy; and the government's role in reducing them and eliminating inefficiencies that plague the system.
http://www.amazon.com/gp/product/026210024X/?tag=2022091-20
( The growing public concern over rapidly rising health c...)
The growing public concern over rapidly rising health care costs, particularly hospital care, is understandable, with direct and indirect expenditures now amounting to about $100 billion each year. In this book, economist Paul Joskow explores the reasons for these increasing costs, the burdens of excessive hospital expenditures on the economy; and the government's role in reducing them and eliminating inefficiencies that plague the system.
http://www.amazon.com/gp/product/0262600129/?tag=2022091-20
(This book traces the history and implementation of regula...)
This book traces the history and implementation of regulation programs for state crude oil production. Originally published in 1967
http://www.amazon.com/gp/product/1617260185/?tag=2022091-20
(Lochner v. New York (1905), which pitted a conservative a...)
Lochner v. New York (1905), which pitted a conservative activist judiciary against a reform-minded legislature, remains one of the most important and most frequently cited cases in Supreme Court history. In this concise and readable guide, Paul Kens shows us why the case remains such an important marker in the ideological battles between the free market and the regulatory state. The Supreme Court's decision declared unconstitutional a New York State law limiting bakery workers to no more than ten hours per day or sixty hours per week. By evoking its "police power," the state hoped to eliminate the employers' abuse of these workers. But the 5-4 majority opinion, authored by Justice Rufus Peckham and renounced by Justice Oliver Wendell Holmes, cited the state's violation of due process and the "right of contract between employers and employees," which the majority believed was protected by the Fourteenth Amendment. Critics jumped on the decision as an example of conservative juidicial activism promoting laissez-faire capitalism at the expense of progressive reform. As series editors Peter Hoffer and N.E.H. Hull note in their preface, "the case also raised a host of significant questions regarding the impetus of state legislatures to enter the workplace and regulate hours, wages, and working conditions; of the role of courts as monitors of the constitutionality of state regulation of the economy; and of the place of economic and moral theories in judicial thinking." Kens, however, reminds us that these hotly contested ideas and principles emerged from a very real human drama involving workers, owners, legislators, lawyers, and judges. Within the crucible of an industrializing America, their story reflected the fierce competition between two powerful ideologies.
http://www.amazon.com/gp/product/0700609199/?tag=2022091-20
(The Economics of Public Utility Regulation surveys the la...)
The Economics of Public Utility Regulation surveys the large literature on the regulation of public utilities and provides industry studies with specific applications of the more general theories. The industries covered Include telecommunications, electricity, gas, and water. The authors explain the economic concepts involved And present a rich framework for understanding the institutional and administrative context of the regulatory process. Michael Crew and Paul Kleindorfer consolidated their reputations as experts in the field of regulated public utilities in 1979, when their book Public Utility Economics was published. Since then, theoretical concepts for dealing with utilities have been significantly extended, and utilities themselves have been dramatically transformed. This new book presents an indispensible update. The opening section introduces the basic welfare foundations, including a neoclassical treatment of efficiency and equity and a development of the principles of the new institutional economics. These concepts are then employed to examine the problems of natural monopoly and regulation. The material on welfare-optimal pricing puts special emphasis on the peak-load pricing problem, which is shown to be pervasive in public utilities of all varieties. Both deterministic models and stochastic models of peak-load pricing are examined. Alternative governance structures for natural monopoly are evaluated in some detail, with the U.S. system of privately owned regulated monopolies and the predominant governance structure in the U.S. - rate-of-return regulation - receiving the greatest attention. The authors next take a close-up look at four specific public utilities focusing on pricing and efficiency. Michael A. Crew is Professor of Economics at the Graduate School of Management, Rutgers University. Paul R. Kleindorfer is Professor of Decision Sciences and Economics at the Wharton School, University of Pennsylvania, and Director of the Center for the Study of Organizational Innovation. The Economics of Public Utility Regulation is the thirteenth in the MIT Press Series on the Regulation of Economic Activity, edited by Richard Schmalensee.
http://www.amazon.com/gp/product/0262031272/?tag=2022091-20
(The Economics of Public Utility Regulation surveys the la...)
The Economics of Public Utility Regulation surveys the large literature on the regulation of public utilities and provides industry studies with specific applications of the more general theories. The industries covered Include telecommunications, electricity, gas, and water. The authors explain the economic concepts involved And present a rich framework for understanding the institutional and administrative context of the regulatory process. Michael Crew and Paul Kleindorfer consolidated their reputations as experts in the field of regulated public utilities in 1979, when their book Public Utility Economics was published. Since then, theoretical concepts for dealing with utilities have been significantly extended, and utilities themselves have been dramatically transformed. This new book presents an indispensible update. The opening section introduces the basic welfare foundations, including a neoclassical treatment of efficiency and equity and a development of the principles of the new institutional economics. These concepts are then employed to examine the problems of natural monopoly and regulation. The material on welfare-optimal pricing puts special emphasis on the peak-load pricing problem, which is shown to be pervasive in public utilities of all varieties. Both deterministic models and stochastic models of peak-load pricing are examined. Alternative governance structures for natural monopoly are evaluated in some detail, with the U.S. system of privately owned regulated monopolies and the predominant governance structure in the U.S. - rate-of-return regulation - receiving the greatest attention. The authors next take a close-up look at four specific public utilities focusing on pricing and efficiency. Michael A. Crew is Professor of Economics at the Graduate School of Management, Rutgers University. Paul R. Kleindorfer is Professor of Decision Sciences and Economics at the Wharton School, University of Pennsylvania, and Director of the Center for the Study of Organizational Innovation. The Economics of Public Utility Regulation is the thirteenth in the MIT Press Series on the Regulation of Economic Activity, edited by Richard Schmalensee.
http://www.amazon.com/gp/product/0262031272/?tag=2022091-20
(The Economics of Public Utility Regulation surveys the la...)
The Economics of Public Utility Regulation surveys the large literature on the regulation of public utilities and provides industry studies with specific applications of the more general theories. The industries covered Include telecommunications, electricity, gas, and water. The authors explain the economic concepts involved And present a rich framework for understanding the institutional and administrative context of the regulatory process. Michael Crew and Paul Kleindorfer consolidated their reputations as experts in the field of regulated public utilities in 1979, when their book Public Utility Economics was published. Since then, theoretical concepts for dealing with utilities have been significantly extended, and utilities themselves have been dramatically transformed. This new book presents an indispensible update. The opening section introduces the basic welfare foundations, including a neoclassical treatment of efficiency and equity and a development of the principles of the new institutional economics. These concepts are then employed to examine the problems of natural monopoly and regulation. The material on welfare-optimal pricing puts special emphasis on the peak-load pricing problem, which is shown to be pervasive in public utilities of all varieties. Both deterministic models and stochastic models of peak-load pricing are examined. Alternative governance structures for natural monopoly are evaluated in some detail, with the U.S. system of privately owned regulated monopolies and the predominant governance structure in the U.S. - rate-of-return regulation - receiving the greatest attention. The authors next take a close-up look at four specific public utilities focusing on pricing and efficiency. Michael A. Crew is Professor of Economics at the Graduate School of Management, Rutgers University. Paul R. Kleindorfer is Professor of Decision Sciences and Economics at the Wharton School, University of Pennsylvania, and Director of the Center for the Study of Organizational Innovation. The Economics of Public Utility Regulation is the thirteenth in the MIT Press Series on the Regulation of Economic Activity, edited by Richard Schmalensee.
http://www.amazon.com/gp/product/0262031272/?tag=2022091-20
Joskow, Paul Lewis was born on June 30, 1947 in Brooklyn. Son of Jules and Charlotte Joan (Epstein) Joskow.
Bachelor, Cornell University, 1968. Master of Philisophy, Yale University, 1970. Doctor of Philosophy, Yale University, 1972.
Assistant professor economics Massachusetts Institute of Technology, Cambridge, 1972-1975, associate professor economics, 1975-1978, professor economics, since 1978, Mitsui professor, 1989-1996, Elizabeth and James Killian chair, 1996—2010, head department economics, 1994-1998, director Center for Energy and Environmental Policy Research, 1999—2007. President Alfred P. Sloan Foundation, New York City, since 2008. Professor economics emeritus Massachusetts Institute of Technology, Cambridge, since 2010.
Visiting professor John Fitzgerald Kennedy School Government, Harvard University, Cambridge, Massachusetts, 1979-1980. Research associate National Bureau Economic Research, since 1988. Joel Dean memorial lecturer Oberlin College, Ohio, 1983.
Consultant Nordic Educational Research Association, White Plains, New York, 1972-1997, The World Bank, 1991-1992, Rand Corporation, Santa Monica, California, 1972-1987. Public member Administrative Conference United States, Washington, 1980-1982. Member advisory council Electric Power Research Institute, Palo Alto, California, 1980-1984.
Member acid rain advisory committee Environmental Protection Agency, 1990-1993, member science advisory board, 1998-2002. Chairman research advisory board Committee for Economic Development, 1991-1994, science advisory board Institute d'Organization Industrielle, Toulouse, France, since 1991. Board directors Trans Canada Corporation, Exelon Corporation.
Trustee Putnam Mutual Funds, Boston, since 1997. Chair National Academy Board Science Technology & Economic Policy, board of overseers Boston Symphony Orchestra, since 2005.
(The growing public concern over rapidly rising health car...)
( The growing public concern over rapidly rising health c...)
(The Economics of Public Utility Regulation surveys the la...)
(The Economics of Public Utility Regulation surveys the la...)
(The Economics of Public Utility Regulation surveys the la...)
(Markets for Clean Air provides a comprehensive, in-depth ...)
(This book traces the history and implementation of regula...)
(Lochner v. New York (1905), which pitted a conservative a...)
Co-author: Electric Power in the United States, 1979, Markets For Power, 1983, Markets For Clean Air, 2000, Empirical Industrial Organization, 2003. Author: Controlling Hospital Costs, 1981, Economic Regulation, 2000. Also numerous articles, chapters.
Co-editor, then associate editor Bell Journal Economics, 1976-1985. Co-editor Journal of Law, Economics and Organization, 1992-1995. Board editors American Economic Review, 1993-1998.
My primary interest is in exploring the causes and consequences of government regulation of industrial markets. Many years ago it was convenient to categorise industries as being either ‘regulated’ or ‘unregulated’. This categorisation is no longer valid, if it ever was.
Virtually all firms are subject to some form of regulation whether of price, product quality, environmental hazards, or health and safety. I believe that to understand the causes and effects of government regulation one must have a detailed understanding of the industries being regulated and the institutional arrangements that have evolved for regulating them. Thus, my work involves both detailed studies of demand, supply and pricing in regulated industries and the application of regulatory constraints to these industries.
My work in the electric utility industry, the insurance industry, the hospital sector and the nuclear energy industry all fits into this framework. In the last few years I have also become interested in the development of normative regulatory rules for application in
different industries. My work on predatory pricing and my current research on incentive regulation reflect this interest.
President Yale University Council, 1993-1906. Member board overseers Boston Symphony Orchestra, since 2005. Fellow American Academy Arts and Sciences, Econometric Society, Industrial Organization Society (distinguished 2007).
Member American Bar Association (associate), American Economic Association, Econometric Society, International Association for Energy Economics(Best Paper award, 1994), Outstanding Contributions to the Profession award 2004, International Society for New Institutional Economics (vice president 2000-2001, pres.2002-2003), Yale University (trustee since 2008, Yale medal 2005).
Married Barbara Zita Chasen, September 10, 1978. L child, Suzanne Zoe.