Paul Joskow, an American economist who has made important contributions to energy and environmental economics, particularly in the areas of markets for tradable air pollution permits and competitive electricity markets. Joskow is a professor in the Economics Department at MIT as well as the Director of the MIT Center for Energy and Environmental Policy Research. He graduated from Cornell University in 1968 with a BA in Economics, and then went on to pursue a PhD in Economics at Yale University. Since completing his PhD in 1972, he has produced some of the first comprehensive assessments for the U.S. acid rain program created by the 1990 Clean Air Act Amendments—a pioneering application of the tradable permits approach to controlling pollution. Joskow was also a leader in the analysis of electricity markets in the 1990s, as many utilities in the U.S. moved from regulated monopolies to more competitive market designs.
Paul Joskow: Short Biography (MIT Faculty Page)