Richard Schmalensee is Howard W. Johnson Professor of Management Emeritus and Professor of Economics Emeritus at MIT. He has served as Director of the MIT Center for Energy and Environmental Policy Research and, from 1998 through 2007, as Dean of the MIT Sloan School of Management. He was the Member of the President's Council of Economic Advisers with responsibility for energy and environmental policy from 1989 through 1991. Professor Schmalensee has published 11 books and more than 120 articles; his recent work focuses on applications of industrial organization economics to energy and environmental policy. He is a Fellow of the Econometric Society and the American Academy of Arts and Sciences, a Director of the National Bureau of Economic Research, and Chairman Emeritus of the Board of Resources for the Future.
Richard Schmalensee
Chair Emeriti, RFF Board of Directors; Howard W. Johnson Professor and Dean Emeritus, Sloan School of Management, Massachusetts Institute of Technology
Featured Publications
Working Paper — Nov 21, 2018
Policy Evolution under the Clean Air Act
It’s effectively become impossible to amend the Clean Air Act to address climate change because of increasingly polarized policy debates and complex rules to address air pollution.
Journal Article — Dec 1, 2015
The future of solar energy: A personal assessment
Working Paper — Nov 17, 2015
Lessons Learned from Three Decades of Experience with Cap-and-Trade
Experience can offer some guidance to the conditions under which cap-and-trade approaches are most likely to work well, and when they may face the greatest difficulties.
Featured Events
Workshop/Seminar — Sep 16, 2019
How Well Are Our Environmental Laws Working? Retrospective Analysis of Federal Environmental Regulation
Join us on September 16 as a distinguished set of researchers present their work on past environmental regulations.
Workshop/Seminar — Oct 21, 2015
The Real Outcomes of Federal Environmental Regulations: Lessons from the Performance Data
Experts at this forum discussed valuable lessons for the development of new regulations, especially related to market-based instruments, new technologies, coordination of federal and state activities, and more.