Career
In a series of six articles, Salant has continued to focus instead on real speculative attacks. These may be divided into two categories: (1) speculative attacks induced by government policies such as total allowable catch quotas in fisheries, H1-B immigration quotas, commodity price ceilings, and most recently the proposed price-collars on tradable emissions permits; and (2) speculative attacks that are naturally occurring rather than induced by government policy such as the precipitous depletions of storable common properties (e.g. “oil rushes”).
In industrial organization, he has contributed to the literatures on horizontal mergers, price discrimination, durable goods monopoly, and cartels.
Salant also has a long-standing interest in the Alger Hiss case and has published in that area as well.
He worked at the Federal Reserve Boardand the Rand Corporation, where he coedited the Rand Journal of Economics
