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Economics

Rene Carmona

Paul M. Wythes '55 Professor of Engineering and Finance

Professor of Operations Research and Financial Engineering

Andlinger Center Executive Committee

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

Andlinger Center Associated Faculty

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

Research Description:

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

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Michael Ford

Associate Laboratory Director for Engineering, Princeton Plasma Physics Laboratory (PPPL)

Location: PPPL, MS-38, LSB 380
Phone Number: 609-243-2866
Email Address: mjford@princeton.edu

Research Description:

Technology development and engineering risk; assessment of complex technologies that may support decarbonization of the energy system.  Fission and fusion systems R&D; reactor safeguards, regulatory policy and proliferation risk; Research employs process modeling, systems engineering, engineering economics, and quantitative risk and decision analysis.

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Christopher Greig

Theodora D. ’78 and William H. Walton III ’74 Senior Research Scientist at the Andlinger Center for Energy and the Environment

Gerhard R. Andlinger Visiting Fellow in Energy and the Environment (2018-2020)

Location: Andlinger Center
Phone Number: 609-258-7833
Email Address: cgreig@princeton.edu

Research Description:

Analyze practical pathways for accelerating the global energy transition. Enabling rapid, large‑scale decarbonization by addressing real‑world bottlenecks in scaling clean energy, advancing carbon capture and storage, and transforming industrial and energy systems for net‑zero transitions. Highly interdisciplinary and industry‑informed. Leadership in the Rapid Switch initiative and Net‑Zero America.

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Jürgen Hackl

Assistant Professor of Civil and Environmental Engineering

Andlinger Center Associated Faculty

Location: E322 Engineering Quadrangle
Phone Number: 609-258-5171
Email Address: hackl@princeton.edu

Research Description:

Complex infrastructure systems, intelligent risk and resilience assessments to climate change. Integrated solutions to future challenges facing cities and society. Developing scalable data analytics and machine learning techniques for spatial-temporal networks applied to dynamic processes in complex multiscale civil engineered systems. Detection of systemic risks in socio-technical systems.

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Simon Levin

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

Andlinger Center Associated Faculty

Location: A413 Briger 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, emeritus

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

Research Description:

Models for the design and control of a broad range of problems in energy systems, emphasizing problems that involve decisions and uncertainty. A major focus has been the study of high penetrations of renewables, and the design and control of energy storage systems. We are also working on models for driverless fleets of electric vehicles, uncertainty models of wind, solar and electricity prices, and the economics of energy portfolios.

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Ronnie Sircar

Eugene Higgins Professor of Operations Research and Financial Engineering

Andlinger Center Associated Faculty

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

Research Description:

Game-theoretic models of energy and emissions markets, with emphasis on policy implications; economics of exhaustible resources, including modeling of shifts in energy markets toward intermittent alternative sources such as solar and wind technologies; dynamic models to help design incentives for greener fuel production; financialization of energy and commodities markets; risk quantification of electricity grids under increased stochasticity from renewables penetration.

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Elke U. Weber

Gerhard R. Andlinger Professor in Energy and the Environment

Professor of Psychology and the School of Public and International Affairs

Andlinger Center Executive Committee

Location: 216 Andlinger Center
Phone Number: 646-896-9410
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

John H. Scully '66 Professor in Finance. Professor of Economics

Andlinger Center Associated Faculty

Location: 205 Julis Romo Rabinowitz Building
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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