Robert Pindyck

Bank of Tokyo-Mitsubishi Ltd Professor in Finance and Economics

Professor of Applied Economics

Robert Pindyck

Robert Pindyck is the Bank of Tokyo-Mitsubishi Ltd. Professor in Finance and Economics and a Professor of Applied Economicsat the MIT Sloan School of Management.

Pindyck’s most recent research focuses on economic policies related to rare disasters, such as those that would severely affect the entire U.S. or world economies. Examples include possible but low-probability catastrophic outcomes from global warming or nuclear terrorism. At issue is how such low-probability but extreme outcomes should affect current policy, for example, in reducing greenhouse gas (GHG) emissions. He also has continued to work on irreversible investment decisions, the role of network effects in market structure, and the behavior of commodity prices.

Pindyck is the co-author of Investment Under Uncertainty (Princeton University Press, 1994), which demonstrates that the traditional “net present value” rule for capital investment decisions can lead to wrong answers since it ignores the irreversibility of most investment decisions and the option of delaying an investment. Recently, Pindyck has extended these ideas to the timing and design of environmental policy, as well as to research and development decisions and patent valuation. His work on network effects focuses on market structure in the pharmaceutical and computer industries, while his research on commodity markets examines the random structure of long-term and short-term price evolution and the implications for hedging and investment.

Pindyck holds an SB in electrical engineering and physics, an SM in electrical engineering, and a PhD from MIT.

General Expertise: Airlines; Applied economics; Biopharmaceutical; Carbon footprint; Climate change; Competition; Credit card industry; Econometrics; Economic crisis; Economics; Economy, current conditions; Energy; Environment; Futures; Gas; Industrial economics; Macroeconomics; Managerial economics; Mergers and acquisitions; Microeconomics; Oil; Options; Options pricing, valuation; Pharmaceuticals; Price fixing; Pricing; Regulation and policy, competition; Sustainability

      

For more background on this faculty member's research and academic initiatives, please visit the MIT Sloan faculty directory.

Contact Information

Office: E62-522

Tel: (617) 253-6641

Fax: (617) 258-6786

E-mail: rpindyck@mit.edu

http://web.mit.edu/rpindyck/www/

Download vcard »

Support Staff

Ms. Dagmar Trantinova

Tel: (617) 253-9748

E-mail: dagmar@mit.edu


Latest News

Can't find what
you're looking for?

Contact us.

Twitter

Paul Denning
Director of Media
Relations
617.253.0576
denning@mit.edu

Patricia Favreau
Associate Director of
Media Relations
617.253.3492
pfavreau@mit.edu

MIT ©2010 MIT Sloan School of Management