The Contributions of Robert S. Pindyck

Robert S. Pindyck has made significant contributions to a wide and diverse range of economic literatures; summarizing them is challenging. To keep the length of this review manageable, I confine my discussion to four areas in which his contributions have been particularly notable: (i) economic applications of optimal control theory; (ii) market structure and the exploitation of non‐renewable resource markets; (iii) uncertainty, irreversible investments, and option values; and (iv) economic issues underlying climate change and climate policy. Professor Pindyck has been a highly acclaimed educator in MIT classrooms, winning numerous teacher awards. He has also been a successful textbook author, with both his microeconomics and econometrics textbooks having been published in multiple editions