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Paul Lewis Joskow (1947-)

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  • Michael G Pollitt

Abstract

Paul Lewis Joskow has long been recognised as one of MIT’s foremost applied economists of industrial organisation. 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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Michael G Pollitt, 2024. "Paul Lewis Joskow (1947-)," Working Papers EPRG2410, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg2410
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    JEL classification:

    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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