Research Interests

Dr. Small is a Ph.D. economist with skills in mathematics, statistics, programming, modeling, and simulation. His research focuses on weather and climate risk and decision applications. He also is interested in developing quantitative financial models of energy and emissions markets for use in derivative pricing, asset valuation, trading, and risk management.

Selected Publications:

Gordon C. Rausser and Arthur A. Small. “Valuing Research Leads: Bioprospecting and the Conservation of Genetic Resources,” Journal of Political Economy 108 (1): 173—206. Feb. 2000. [Cited for 2001 Quality of Research Discovery Award, American Agricultural Economics Association.] Reproduced in: Economics and Biodiversity Conservation, Stephen Polasky, ed., Aldershot, UK: Ashgate, 2002.

Geoffrey M. Heal and Arthur A. Small. “Agriculture and Ecosystem Services,” in Handbook of Agricultural Economics, Vol. 2, pp. 1341—1369, Bruce L. Gardner and Gordon C. Rausser, eds.. Amsterdam, Elsevier Science. 2002.

Joshua Graff Zivin and Arthur A. Small. “Risk Sharing in Coasean Contracts,” Journal of Environmental Economics and Management, 45(2S):394—415, March 2003.

Gregory D. Graff, Gordon C. Rausser and Arthur A. Small. “Agricultural Biotechnology’s Complementary Intellectual Assets,” Review of Economics and Statistics 85(2):349—363. May 2003.

Joshua Graff Zivin and Arthur A. Small (2005) “A Modigliani-Miller Theory of Altruistic Corporate Social Responsibility”, Topics in Economic Analysis & Policy: Vol. 5: No. 1, Article 10.

Jessie Cherry, Heidi Cullen, Martin Visbeck, Arthur Small, and Cintia Uvo. “Impacts of the North Atlantic Oscillation on Scandinavian Hydropower Production and Energy Markets,” Water Resources Management 19:673—691. 2005.

Arthur A. Small, III

Department of Meteorology
506 Walker Building
University Park, PA 16802
Telephone: (814) 863-3104
E-mail: asmall@meteo.psu.edu

• (University of California at Berkeley), Associate Professor

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