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Economics

Rene Carmona

Paul M. Wythes '55 Professor of Engineering and Finance

Professor of Operations Research and Financial Engineering

Chair, Department of Operations Research and Financial Engineering

Location: 210 Sherrerd Hall
Phone Number: 609-258-2310
Email Address: rcarmona@princeton.edu

Research Description:

Commodity and energy markets (e.g. oil, electricity, natural gas, coal); market mechanisms to control greenhouse gas emissions; game theoretic analyses of the energy/emissions markets with emphasis on the policy implications of their designs

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Jianqing Fan

Frederick L. Moore, Class of 1918, Professor in Finance

Professor of Operations Research and Financial Engineering, Department of Operations Research and Financial Engineering

Location: 205 Sherrred Hall
Phone Number: 609-258-7924
Email Address: jqfan@princeton.edu

Research Description:

Risk modleing, statistics, financial econometrics, analysis of big data, computational biology, machine learning, probabilistic tropical cyclone risk modeling

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Thomas Kreutz

Energy Systems Modeler, Energy Systems Analysis Group

Location: 014 Andlinger Center
Phone Number: 609-258-5691
Email Address: kreutz@princeton.edu

Research Description:

Modeling the performance and economics of environmentally friendly, advanced energy conversion systems that have the potential for high efficiency and low emissions of criteria pollutants and/or greenhouse gases, novel technologies and methods for producing low-cost and low net carbon energy carriers, such as synthetic liquid fuels, electricity, and/or hydrogen – with CO2 capture for sequestration from the atmosphere – from biomass and fossil fuels such as coal and natural gas.  Modeling the prospective deep decarbonization of the U.S. power grid.

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Simon Levin

James S. McDonnell Distinguished University Professor in Ecology and Evolutionary Biology

Location: 203 Eno Hall
Phone Number: 609-258-6880
Email Address: slevin@princeton.edu

Research Description:

Ecosystem and biosphere-level maintenance of macroscopic patterns and processes; evolution of diversification; mathematical modeling; evolution and ecology of dispersal; strain structure in influenza; public goods problems and environmental economics

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Warren Powell

Professor of Operations Research and Financial Engineering

Director, Program in Engineering and Management Systems

Location: 230 Sherrerd Hall
Phone Number: 609-258-5373
Email Address: powell@princeton.edu

Research Description:

High-dimensional stochastic optimization for: Storage of energy from wind and solar; stochastic, multiscale energy policy models for energy investment decisions; control of smart grids; management of plug-in electric vehicles; control of heterogeneous storage devices; R&D portfolio optimization; heavy-tailed models of electricity prices; and finding optimal demand response strategies in the presence of time-varying prices

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Ronnie Sircar

Professor of Operations Research and Financial Engineering

Location: 208 Sherrerd Hall
Phone Number: 609-258-2841
Email Address: sircar@princeton.edu

Research Description:

Game-theoretic analyses of the energy/emissions markets with emphasis on policy implications; economics of exhaustible resources, including modeling of shifts in energy markets toward more expensive alternative sources such as solar; dynamic games models to help design incentives for greener fuel production; financialization of energy and commodities markets; interplay between power and emissions markets

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Elke U. Weber

Gerhard R. Andlinger Professor in Energy and the Environment

Professor of Psychology and Public Affairs, Woodrow Wilson School

Associate Director for Education, Andlinger Center for Energy and the Environment

Location: 86 Olden Street
Phone Number: 609-258-7640
Email Address: eweber@princeton.edu

Research Description:

Questions at the intersection of psychology, economics, engineering, and policy that address the importance and role of descriptive/behavioral models of judgment and decision-making under risk and uncertainty and for decisions with long time horizons in environmental and energy-related decision making and policy. Psychologically appropriate ways to measure and model individual, group, or cultural differences in risk taking and time discounting across domains.

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Wei Xiong

Hugh Leander and Mary Trumbull Adams Professor for the Study of Investment and Financial Markets

Professor of Economics

Location: 201 26 Prospect Avenue
Phone Number: 609-258-0282
Email Address: wxiong@princeton.edu

Research Description:

Financialization of commodity and energy markets; effects of financial market frictions; behavioral finance

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