David L. Kelly  --  Publications

Publication    PDF
Authors
Solar Geoengineering, Learning, and Experimentation
National Bureau of Economic Research Working Paper Number 28442
Forthcoming, Journal of Association of Environmental and Resource Economists
Final version with color graphs, includes online appendix
(5 September 2024)
David L. Kelly
Garth Heutel
Juan B. Moreno-Cruz
Soheil Shayegh
Public Preferences for Coastal Adaptation: Economic Evidence from a Discrete Choice Experiment for Hard Structures and Nature-Based Solutions in Miami, Florida
Marine Policy, 165:106217 (July 2024)
Carlie Dario
Renato Molina
David L. Kelly
Adaptation Infrastructure and its Effects on Property Values in the Face of Climate Impacts
Journal of the Association of Environmental and Resource Economists, 10(6):1405-1438 (November 2023).
Journal Press Release
Working paper version with more theoretical details.
David L. Kelly
Renato Molina
Markets vs. Mechanisms
Review of Financial Studies, 35(7):3139-3174 (2022)
Raphael Boleslavsky
Christopher Hennessy
David L. Kelly
Understanding the Improbable: A Survey of Fat Tails in Environmental Economics
Annual Review of Resource Economics, 13:289-310 (2021).
Marc N. Conte
David L. Kelly
An Imperfect Storm: Fat-Tailed Hurricane Damages, Insurance, and Climate Policy
Journal of Environmental Economics and Management, 92:677-706 (November 2018).
Marc Conte
David L. Kelly
Probabilistic Stabilization Targets
Journal of the Association of Environmental and Resource Economists, 4(2):611-57 (June 2017).
Note: for a pdf with full color graphs, click here
Luke Fitzpatrick
David L. Kelly
Selloffs, Bailouts, and Feedback: Can Asset Markets Inform Policy?
Journal of Economic Theory,169:294-343 (May 2017)
Ralph Boleslavsky
David L. Kelly
Curtis R. Taylor
Opportunities for Advances in Climate Change Economics
Science , 352(6283):292-293 (15 April 2016).
M. Burke, M. Craxton, C. D. Kolstad, C. Onda, H. Allcott, E. Baker, L. Barrage, R. Carson, K. Gillingham, J. Graff-Zivin, M. Greenstone, S. Hallegatte, W. M. Hanemann, G. Heal, S Hsiang, B. Jones, David L. Kelly, R. Kopp, M. Kotchen, R. Mendelsohn, K. Meng, G. Metcalf, J. Moreno-Cruz, R. Pindyck, S. Rose, I. Rudik, J. Stock, R. S. J. Tol
Incidence and Environmental Effects of Distortionary Subsidies
Journal of the Association of Environmental and Resource Economists, 3(2):361-415 (June 2016).
Garth Heutel
David L. Kelly
Learning and Climate Feedbacks: Optimal Climate Insurance and Fat Tails
Journal of Environmental Economics and Management, 72:98-122 (2015).
Zhuo Tan
David L. Kelly
Dynamic Regulation Design Without Payments: The Importance of Timing
Journal of Public Economics, 120:169-190 (December 2014).
Ralph Boleslavsky
David L. Kelly
Optimal Second Best Taxation of Addictive Goods in Dynamic General Equilibrium: A Revenue Raising Perspective
B.E. Journal of Macroeconomics (Advances), 14(1):75-118 (2014).
Luca Bossi
Pere Gomis-Porqueras
David L. Kelly
Trade and the Environment with Pre-existing Subsidies: A Dynamic General Equilibrium Analysis,
Journal of Environmental Economics and Management, 64(2):253-78
(6 February 2012).
Claustre Bajona
David L. Kelly
Evolution of Subjective Hurricane Risk Perceptions: A Bayesian Approach,
Journal of Economic Behavior and Organization, 81(2):644-63 (2012).
David L. Kelly
David Letson
Forrest D. Nelson
David Nolan
Daniel Solis
Economic Growth and the Environment: Theory and Facts,
Resource and Energy Economics , 30:115-49 (2008).
David L. Kelly
Sherry Bartz
Liquidity and Liquidation,
Economic Theory, 31(3):553-572 (2007).
David L. Kelly
Stephen F. LeRoy
Adjustment Costs From Environmental Change,
Journal of Environmental Economics and Management, 50(3):468-495 (November, 2005).
Data Appendix
October 2004

David L. Kelly
Charles D. Kolstad
Glenn T. Mitchell
Price and Quantity Regulation in General Equilibrium ,
Journal of Economic Theory , 125(1):36-60 (2005).
David L. Kelly
Liquidity and Fire Sales,
in Jon Faust, Athanasios Orphanides and David Reifschneider, eds., Models and Monetary Policy:
Research in Tradition of Dale Henderson, Richard Porter, and Peter Tinsley,
Board of Governors
of the Federal Reserve System, pp. 249-270 (2005).
David L. Kelly and
Stephen F. LeRoy
Private Information and High Frequency Stochastic Volatility,
Studies in Non-Linear Dynamics and Econometrics, 8(1):1-28 (March 2004)
David L. Kelly and
Douglas G. Steigerwald
On Environmental Kuznets Curves Arising From Stock Externalities,
Journal of Economic Dynamics and Control, 27(8):1367-90 (2003)  
(June 2000   /  January 2002)
David L. Kelly
Stability of Functional Rational Expectations Equilibria
Journal of Economic Theory, 95(2):215-250 (December, 2000).  
David L. Kelly
Jamsheed Shorish
Solving Infinite Horizon Growth Models With an Environmental Sector
Computational Economics, 18:217-235 (2001).  
David L. Kelly
Charles D. Kolstad
Malthus and Climate Change: Betting on a Stable Population
Journal of Environmental Economics and Management , 41:135-161 (2001).  
David L. Kelly
Charles D. Kolstad
Bayesian Learning, Growth, and Pollution
Journal of Economic Dynamics and Control 23(4):491-518 (February, 1999).
David L. Kelly
Charles D. Kolstad
Endogenous Strategic Business Cycles
Journal of Economic Theory, 81(1):97-125 (July, 1998).
Aditya Goenka
David L. Kelly
Stephen E. Spear
Integrated Assessment Models for Climate Change Control
In: Henk Folmer and Tom Tietenberg, Editors
International Yearbook of Environmental and Resource Economics 1999/2000: A Survey of Current Issues
Cheltenham, UK: Edward Elgar, 1999.
David L. Kelly
Charles D. Kolstad
The Climate Change Footprint: Will We See it Before it is Upon Us? (with Charles D. Kolstad). In Nakicenovic, N., W.D. Nordhaus, R. Richels, F.L. Toth (eds.), 1996. Climate Change: Integrating Science, Economics, and Policy, WP-96-135, International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria.

 
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