Jinhua Zhao

Professor

Department of Economics

Department of Ag., Food and Res. Economics

Director, Environmental Science and Policy Program

Michigan State University

East Lansing , MI 48824

 

Phone: 517-353-9935

Fax: 517-432-1068

Email: jzhao@msu.edu


Vita


Interests: Natural resource and environmental economics, applied micro theory, global climate change, energy economics, trade and environment, real option theory, technology adoption, dynamic decision making


Awards and Professional Services:

Member, US EPA Science Advisory Board, Environmental Economics Advisory Committee, 2009 – present

            Coverage at MSU News and at State News

Editorial Committee, Annual Review of Resource Economics, 2012 - present

Editorial Council, Frontier of Economics in China, 2011 - present

Co-editor, Journal of Environmental Economics and Management, 2005-2007

Editorial Council, Journal of Environmental Economics and Management, 2001- 2004, 2007 - 2011

Editorial Council, Review of Development Economics, 2000 – 2012

Winner, Harvard Project on International Climate Agreements Research Paper Competition, “A Proposal for the Design of the Successor to the Kyoto Protocol,” (with Larry Karp) 2008

            Coverage at ESPP’s Newsletter and at the Miller-McCune Magazine

Outstanding Journal Article Award, Canadian Journal of Agricultural Economics, 2007, for “Green Subsidies in Agriculture: Estimating the Adoption Costs of Conservation Tillage From Observed Behavior,” (with Lyubov A. Kurkalova and Catherine L. Kling)

 


Selected Journal Articles:

 

·         Environmental Regulation in a Mixed Economy,” (with Guangliang Ye,) Environmental and Resource Economics, 2016, 65, 273-295

·         Optimal Health and Environmental Policies in a Pollution-Growth Nexus,” (with Min Wang and Joydeep Bhattacharya,) Journal of Environmental Economics and Management, 2015, 71, 160-179.

·         Understanding Behavioral Explanations of the WTP-WTA Divergence Through a Neoclassical Lens: Implications for Environmental Policy,” (with Younjun Kim and Cathy Kling,) Annual Review of Resource Economics, 2015, 7, 169-187.

·         Rational Exaggeration and Counter-Exaggeration in Information Aggregation Games,” (with Gordon Rausser and Leo Simon,) Economic Theory, 2015, 59(1), 109-146.

·         Monopoly Extraction of a Nonrenewable Resource Facing Capacity Constrained Renewable Competition,” (with Min Wang), Economics Letters, 2013, 120, 503-508.

·      The WTP/WTA Disparity: Have We Been Observing Dynamic Values But Interpreting Them as Static,” (with Cathy Kling and John List,) Economic Inquiry, 59(1), January 2013, 909-921.

·        From Exxon to BP: Has Some Number Become Better Than No Number?” (with Catherine L. Kling and Daniel J. Phaneuf), Journal of Economic Perspectives, 26(4), 2012, 3-26

·        Adaptation versus Adoption in Response to Structural Changes,” (with David Zilberman and Amir Heiman,) Annual Review of Resource Economics, 4, 2012, 27-53

·        Paths to Climate Cooperation,” (with Tom Dietz), Proceedings of the National Academy of Sciences, 108(38), September 20, 2011, 15671-15672

·      Switching to Perennial Energy Crops under Uncertainty and Costly Irreversibility,” (with Feng Song and Scott Swinton), American Journal of Agricultural Economics, 93(3), 2011, 768-783.

·        Welfare Measures When Consumers Can Learn: A Unifying Theory,” (with Cathy Kling,) Economic Journal, v 119 (540), October 2009, 1560-1585

·        Willingness to pay and the cost of commitment: An empirical specification and test,” (with Jay Corrigan and Catherine Kling,) Environmental and Resource Economics, v 40, 2008, 285-298

·        Optimal Use of Correlated Information in Mechanism Design When Full Surplus Extraction May Be Impossible,” (with Subir Bose,) Journal of Economic Theory, v 135, 2007, 357-381 (Technical Appendix)

·        Green Subsidies in Agriculture: Estimating the Adoption Costs of Conservation Tillage From Observed Behavior,” (with Lyubov A. Kurkalova and Catherine L. Kling), Canadian Journal of Agricultural Economics, v 54, 2006, 247-267 (winner, Outstanding Journal Article Award, Canadian Ag Econ Association, 2007)

·        Willingness-to-Pay, Compensating Variation, and the Cost of Commitment,” (with Catherine Kling,) Economic Inquiry, v 42, n 3, July 2004, 503-517

·        Irreversible Abatement Investment under Cost Uncertainties: Tradable Emission Permits and Emissions Charges,” Journal of Public Economics, v 87, December 2003, 2765-2789

·        Policy Persistence in Environmental Regulation,” (with Catherine Kling,) Resource and Energy Economics, v 25, 2003, 255-268

·        The Long-run Effects of Environmental Reform in Open Economies,” (with Larry Karp and Sandeep Sacheti,) Journal of Environmental Economics and Management, v 45, n 2, March 2003, 246-264

·        Value and Management of Money-back Guarantees Options,” (with Amir Heiman, Bruce McWilliams, and David Zilberman,) Journal of Retailing, v78, n2, Autumn 2002, 193-205

·        The Time Path and Implementation of Carbon Sequestration,” (with Hongli Feng and Catherine Kling,) American Journal of Agricultural Economics, v 84, n 1, Feb 2002, 134-149

·        A New Explanation for the WTP/WTA Disparity,” (with Cathy Kling,) Economics Letters, v73, 2001, 293-300

·        Common Ground Between Free-Traders and Environmentalists,” (with Larry Karp and Sandeep Sacheti,) International Economic Review, v 42, n 3, August 2001, 617-647

·        Fixed Costs, Efficient Resource Management and Conservation,” (with David Zilberman,) American Journal of Agricultural Economics, v 83, n 4, Nov 2001, 942-957

·         “Trade and Environmental Distortions: Coordinated Intervention,” Environment and Developme”t Economics, v 5 (special issue on international trade and the environment), 2000, 361-375

·        On the Long-Run Efficiency of Auctioned vs. Free Permits,” (with Catherine Kling,) Economics Letters, v 69, n 2, November 2000, 235-238

·        Irreversibility and Restoration in Natural Resource Development,” (with David Zilberman,) Oxford Economic Papers, v 51, n 3, July 1999, 559-573

·        Information Asymmetries, Uncertainties, and Cleanup Delays at Superfund Sites,” (with Gordon Rausser and Leo Simon,) Journal of Environmental Economics and Management, v 35, n 1, January 1998, 48-68


Working Papers:

 

·       Aggregate Emission Intensity Targets: Applications to the Paris Agreement,” 2017

·        The influence of short-term financial incentives on social norms and behaviors,” (with John Kerr, Maria Lapinski and Rob Shupp), 2017

·        Rebound Effects of New Irrigation Technologies: The Role of Water Rights,” (with Haoyang Li), 2016

·        Are Renewable Energy Policies Climate Friendly? The Role of Capacity Constraints and Market Power,” (with Min Wang), 2013

·        Let Them Eat Switchgrass? Modeling the Displacement of Existing Food Crops by New Bioenergy Feedstocks,” (with Soren Anderson and Chengguang Wang,) 2012

·        Suggestions for the Road to Copenhagen”, (with Larry Karp), 2009

·        A Proposal for the Design of the Successor to the Kyoto Protocol,” (with Larry Karp) 2008

·        “Information Externalities and Strategic Delay in Technology Adoption and Diffusion,” 2007

·        Double Irreversibilities and Endogenous Learning in Land Conversion Decisions,” (with Shikha Marwah,) 2010

 


Real Options:


 

 

 

 

Useful Links:

·        Climate Change and Energy