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Stephen W. Salant
Visiting Fellow
salant@rff.org
RESEARCH TOPICS
 
PROFILE
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
 
View All Related Publications
DISCUSSION PAPERS
The Effect of Stochastic Oscillations in Property Rights Regimes on Forest Output in China
Xueying Yu, Stephen W. Salant
RFF Discussion Paper 13-08-REV | February 2014
 
Experimental Departures from Self-Interest When Competing Partnerships Share Output
Josh Cherry, Stephen W. Salant, Neslihan Uler
RFF Discussion Paper 13-07 | March 2013
 
Regulating an Experience Good in Developing Countries when Consumers Cannot Identify Producers
Timothy McQuade, Stephen W. Salant, Jason Winfree
RFF Discussion Paper 10-52-REV | September 2012
 
Cap-and-Trade Programs under Continual Compliance
Makoto Hasegawa, Stephen W. Salant
RFF Discussion Paper 12-33 | August 2012
 
The Equilibrium Price Path of Timber in the Absence of Replanting
Stephen W. Salant
RFF Discussion Paper 12-38 | August 2012
 
Cap-and-Trade Programs under Delayed Compliance: Consequences of Interim Injection of Permits
Makoto Hasegawa, Stephen W. Salant
RFF Discussion Paper 12-32 | August 2012
 
Alternative Climate Policies and Intertemporal Emissions Leakage: Quantifying the Green Paradox
Carolyn Fischer, Stephen W. Salant
RFF Discussion Paper 12-16 | April 2012
 
Size Matters (in Output-Sharing Groups): Voting to End the Tragedy ofthe Commons
Josh Cherry, Stephen W. Salant, Neslihan Uler
RFF Discussion Paper 10-43 | September 2010
 
Willpower and the Optimal Control of Visceral Urges
Emre Ozdenoren, Dan Silverman, Stephen W. Salant
RFF Discussion Paper 10-35 | July 2010
 
Markets with Untraceable Goods of Unknown Quality: A Market Failure Exacerbated by Globalization
Timothy McQuade, Stephen W. Salant, Jason Winfree
RFF Discussion Paper 09-31 | April 2010
 
Diversify or Focus? Spending to Combat Infectious Diseases When Budgets Are Tight
Soren T. Anderson, Ramanan Laxminarayan, Stephen W. Salant
RFF Discussion Paper 10-15 | March 2010
 
A Free Lunch in the Commons
Matt J. Kotchen, Stephen W. Salant
RFF Discussion Paper 09-30 | August 2009
 
Spatially and Intertemporally Efficient Waste Management: The Costs of Interstate Flow Control
Eduardo Ley, Molly K. Macauley, Stephen W. Salant
RFF Discussion Paper 96-23 | July 1996
 
Managing Municipal Solid Waste: Advantages of a Discriminating Monopolist
Molly K. Macauley, Stephen W. Salant, David Edelstein
RFF Discussion Paper ENR93-05 | January 1993
 
  
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