Ariel Pakes, Faculty Fellow of HEEP and Thomas Professor of Economics in the Department of Economics at Harvard University was elected to the National Academic of Sciences (NAS) along with seven other Harvard University faculty. A total of 105 individuals were recognized by the NAS this year. More information is available in the Harvard Gazette article.
The Publication of Enduring Quality (PEQ) award of the Association of Environmental and Resource Economists (AERE) recognizes works that are of seminal nature and with enduring value in environmental and resource economics. This year, AERE recognized two influential empirical papers on induced innovation in environmental economics: "The Induced Innovation Hypothesis and Energy-Saving Technological Change," by Richard G. Newell, Adam B. Jaffe, and Robert N. Stavins, Quarterly Journal of Economics, Vol. 114, No. 3 (1999), pp. 941–975; and "Induced Innovation and Energy Prices," by David Read more about Program Director Robert Stavins is Co-recipient of the Publication of Enduring Quality Award