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Stephen W. Salant
Visiting Fellow
Stephen Salant is an applied microtheorist with a specialization in the fields of industrial organization and natural resource economics. Before joining the economics faculty at the University of Michigan in 1986, he worked at the Federal Reserve Board and the Rand Corporation, where he served as the first editor of the Rand Journal.  Among the subjects he has addressed in his research are: the appropriate interpretation of government statistics on the duration of unemployment, the effects of anticipated and actual government policies on the price of gold, the cause of speculative attacks on government bufferstocks, the effects of catch-sharing partnerships and other potential solutions to the common-property problem, and the economic decisions of organizations (agricultural marketing boards, cartels, international commodity organizations, prorationing boards, etc.) which select quantity restrictions by voting processes.
Featured Publications
Putting Free Riding to Work: A Partnership Solution to the Common Property Problem
Martin D. Heintzelman, Stephen W. Salant and Stephan Schott
Journal of Environmental Economics and Management | May 2009 | Vol. 57, No. 3 | pp. 309-320
Creating Incentives for Pharmaceutical Research on Neglected Diseases: Book Review
Stephen Salant
Economic Development and Cultural Change | July 2007 | Vol. 55, No. 4
The Economics of Mutualisms: Optimal Utilization of Mycorrihizal Mutualistic Partners by Plants
Miroslav Kummel and Stephen W. Salant
Ecology | 2006 | Vol. 87, No. 4 | pp. 892-902
Spatially and Intertemporally Efficient Waste Management: The Costs of Interstate Trade Restrictions
Molly K. Macauley, Eduardo Ley, and Stephen Salant
Journal of Environmental Economics and Management | May 2002 | Vol. 43, No. 2 | pp. 188-218
Private Storage of Common Property
Gérard Gaudet, Michel Moreaux and Stephen W. Salant
Journal of Environmental Economics and Management | March 2002 | Vol. 43, No. 2 | pp. 280-302
Intertemporal Depletion of Resource Sites by Spatially Distributed Users
Gérard Gaudet, Michel Moreaux and Stephen W. Salant
The American Economic Review | September 2001 | Vol. 91, No. 4 | pp. 1149-1159
Cartel Quotas Under Majority Rule
Jonathan Cave and Stephen W. Salant
The American Economic Review | March 1995 | Vol. 85, No. 1 | pp. 82-102
The Vulnerability of Price Stabilization Programs to Speculative Attack
Stephen W. Salant
Journal of Political Economy | February 1983 | Vol. 91, No. 1 | pp. 1-38
Market Anticipations of Government Policies and the Price of Gold
Stephen W. Salant and Dale W. Henderson
The Journal of Political Economy | August 1978 | Vol. 86. No. 4 | pp. 627-648
Exhaustible Resources and Industrial Structure: A Nash-Cournot Approach to the World Oil Market
Stephen W. Salant
The Journal of Political Economy | October 1976 | Vol. 84, No. 5 | pp. 1079-1093
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