Richard Schmalensee takes over as CEEPR Director as of September 2008. Most recently, Professor Schmalensee served as the John C Head III Dean of MIT’s Sloan School of Management from 1998 through 2007. After a one year sabbatical, he is returning to MIT as the Howard W. Johnson Professor of Economics and Management. He had a previous stint as the Director of CEEPR from 1991 to 1999.
Professor Schmalensee has played a leading role in shaping national policy in the fields of energy and the environment, among other areas. He was a Member of the President’s Council of Economic Advisers from 1989 through 1991 when the Acid Rain Program started the first major environmental market, the SO2 market. In 1983 he co-authored the path breaking book, Markets for Power, which helped pioneer the restructuring of electricity markets, and in 2000 he was co-author of Markets for Clean Air, a comprehensive study of the SO2 program. He currently serves on the National Commission on Energy Policy. He has been a long-time contributor to MIT’s work on climate change through his participation in the Joint Program on the Science and Policy of Global Change.
Professor Schmalensee is the author or co-author of 11 books and over 110 articles in professional journals and books, and he is co-editor of volumes I and II of the Handbook of Industrial Organization. His research has centered on industrial organization economics and its application to managerial and public policy issues, with particular emphasis on antitrust, regulatory, and environmental policies. He is a member of the International Academy of Management and a fellow of the Econometric Society and the American Academy of Arts and Sciences. He is a Director of the International Securities Exchange and the International Data Group.