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Glenn W. Harrison

Director, Center for the Economic Analysis of Risk; Professor and Holder of the C.V. Starr Chair    
Education
  • Ph.D., economics, UCLA
  • master of arts, UCLA
  • master of economics, Monash University
  • bachelor of economics (honours), Monash University (Melbourne, Australia)
Specializations
  • experimental economics
  • econometrics
  • environmental and resource economics
  • international trade policy
Biography

Glenn Harrison is the C.V. Starr Chair of Risk Management & Insurance and director of the Center for the Economic Analysis of Risk (CEAR) in the Department of Risk Management & Insurance, J. Mack Robinson College of Business, Georgia State University. He has more than 185 academic publications, including general journals such as Econometrica, American Economic Review, Journal of Political Economy, Economic Journal, Journal of the American Statistical Association, and American Journal of Public Health, and specialist journals such as Journal of Environmental Economics & Management, Land Economics, Natural Resources Journal, Journal of Law & Economics, Experimental Economics, and Economics & Philosophy. His research interests include experimental economics, law and economics, international trade policy and environmental policy.

His work in experimental economics has included the study of bidding behavior in auctions, market contestability and regulation, bargaining behavior, and the elicitation of risk and time preferences. Most recently it has examined the complementarity of laboratory and field experiments. His work in law and economics has centered on the calculation of compensatory damages in tobacco litigation, including testifying for plaintiffs in the Medicaid litigation that resulted in a settlement worth more than $200 billion. Most recently he has worked on the relationship between compensatory and punitive damages, and class actions involving the excessive promotion of certain drugs. His work in international trade policy has employed computable general equilibrium models to quantify the effects of unilateral, regional and multilateral trade reforms. A particular focus of this policy analysis has been to assess the effects of trade reform on poor households in developing countries. His work in environ mental economics has included modeling the effects of alternative policies to mitigate global warming, critiques of casual applications of the contingent valuation method, and improved methods of damage assessment. Most recently he has focused on the formal characterization of environmental reform as a “policy lottery” that properly reflects uncertainty in predicted effects on households.

Professor Harrison has been a consultant for numerous government agencies and private bodies. These include the World Bank (evaluating trade policy reforms for developing countries), the Swedish government and the United States Environmental Protection Agency (evaluating carbon tax proposals), the Danish government (evaluating tax and deregulation policies), and counsel representing parties suing tobacco companies and drug companies for economic damages. Professor Harrison is a Pisces, and loves red wine, one Swedish woman, and one American daughter. Before academic life, Professor Harrison played Australian “no-rules” football for Hawthorn in the Australian Football League, kicking one goal in his career.

Publications
  • “Information Characteristics and Errors in Expectations: Experimental Evidence,” (with Constantinos Antoniou, Morten I. Lau and Daniel Read) Journal of Financial & Quantitative Analysis, forthcoming.
  • “Cautionary Notes on the Use of Field Experiments to Address Policy Issues,” Oxford Review of Economic Policy, 30(4), 2014, 753-763.
  • “Discounting Behavior: A Reconsideration,” (with Steffen Andersen, Morten Lau and Elisabet Rutström) European Economic Review, 71, November 2014, 15-33.
  • “Estimating Subjective Probabilities” (with Steffen Andersen, John Fountain and Elisabet Rutström) Journal of Risk & Uncertainty, 48(3), June 2014, 207-229.
  • “Subjective Beliefs and the Statistical Forecasts of Financial Risks: the Chief Risk Officer Project,” (with Richard D. Phillips) in T.J. Andersen (ed.) Contemporary Challenges in Risk Management (New York, Palgrave Macmillan, 2014).
  • “Field Experiments and Methodological Intolerance,” Journal of Economic Methodology, 20(2), 2013, 103-117.
  • “Randomisation and Its Discontents,” Journal of African Economies, 20(4), 2011, 626-652.
  • “Neuroeconomics: A Critical Reconsideration,” Economics & Philosophy, 24(3), 2008, 303-344.
  • “Lost in State Space: Are Preferences Stable?” (with Steffen Andersen, Morten Lau and Elisabet Rutström) International Economic Review, 49(3), August 2008, 1091-1112.
  • “Eliciting Risk and Time Preferences,” (with Steffen Andersen, Morten Lau and Elisabet Rutström) Econometrica, 76(3), May 2008, 583-618.
  • “Naturally Occurring Preferences and Exogenous Laboratory Experiments: A Case Study of Risk Aversion,” (with John A. List and Charles Towe) Econometrica, 75(2), March 2007, 433-458.
  • “Trade Policy and Poverty Reduction in Brazil,” (with Thomas F. Rutherford, David G. Tarr, and Antonio Gurgel), World Bank Economic Review, 18(3), 2004, 289-317.
  • “Field Experiments,” (with John A. List) Journal of Economic Literature, 42(4), December 2004, 1013-1059.
  • “Trade Liberalization, Poverty and Efficient Equity,” (with Thomas F. Rutherford and David G. Tarr), Journal of Development Economics, 71, June 2003, 97-128.
  • “Estimating Individual Discount Rates in Denmark: A Field Experiment,” (with Morten I. Lau and Melonie B. Williams) American Economic Review, 92(5), December 2002, 1606-1617.
  • “Evaluating the Tobacco Settlement: Are the Damages Awards Too Much or Not Enough?” (with Maribeth Coller and Melayne Morgan McInnes), American Journal of Public Health, 92(6), June 2002, 984-989.
  • “Quantifying the Uruguay Round” (with David Tarr and Thomas F. Rutherford), Economic Journal, 107, September 1997, 1405-1430.
  • “Are Hypothetical Referenda Incentive Compatible?” (with Ronald G. Cummings, Steven Elliott, and James Murphy), Journal of Political Economy, 105, June 1997, 609-621.
  • “Economic Implications for Turkey of a Customs Union With the European Union” (with Thomas F. Rutherford and David G. Tarr), European Economic Review, 41, 1997, 861-870.
  • “Homegrown Values and Hypothetical Surveys: is the Dichotomous Choice Approach Incentive Compatible?” (with Ronald G. Cummings and E. Elisabet Rutström), American Economic Review, 85, March 1995, 260-266.
  • “Theory and Misbehavior of First-Price Auctions: Reply,” American Economic Review, 82, December 1992, 1426-1443.
  • “Trade Wars, Trade Negotiations, and Applied Game Theory” (with E. E. Rutström), The Economic Journal, 101, May 1991, 420-435.
  • “Risk Attitudes in First-Price Auction Experiments: A Bayesian Analysis,” The Review of Economics & Statistics, 72, August 1990, 541-546.
  • “Theory and Misbehavior of First-Price Auctions,” American Economic Review, 79, September 1989, 749-762.
  • “An Experimental Evaluation of Weakest-Link/Best-Shot Models of Public Goods” (with Jack Hirshleifer) Journal of Political Economy, 97, February 1989, 201-225.
  • “Best Approximate Aggregation of Input-Output Systems” (with Richard Manning), Journal of the American Statistical Association, 83, December 1987, 1027-1031.
  • “Experimental Evaluation of the Coase Theorem” (with Michael McKee), Journal of Law and Economics, 28, October 1985, 653-670.
  • “Monopoly Behavior, Decentralized Regulation, and Contestable Markets: An Experimental Evaluation” (with Michael McKee) The Rand Journal of Economics, 16, Spring 1985, 51-69.
  • “The Informational Efficiency of Experimental Asset Markets” (with Daniel Friedman and Jon Salmon) Journal of Political Economy, 92, June 1984, 349-408.