Professor Emeritus of Economics
About
Professor Salant is an applied microtheorist with specialization in the fields of industrial organization and natural resource economics. Among the subjects he has addressed in his research are: the appropriate interpretation of government statistics on the duration of unemployment, the effects of anticipated and actual government policies on the price of gold, the cause of speculative attacks on government bufferstocks, the future behavior of OPEC, the design of a self-enforcing international agreements among oil-consuming nations, the effects of treble-damage penalties on price-fixing behavior, and the economic decisions of organizations (agricultural marketing boards, cartels, international commodity organizations, prorationing boards, etc.) which select quantity restrictions by voting processes.
