Pollitt, M. G.
David Michael Garrood Newbery (1943-)
CWPE2442
Abstract: David Newbery is one of the very best micro-economists that Cambridge has produced in recent decades. David has made many contributions to economics over the years, in development economics, public economics, industrial organization, economic regulation, transport and energy economics. We discuss his work in three general parts. The first focuses on his early work. This includes his work with Nobel Laureate, Joe Stiglitz, on commodity price stabilisation, with Richard Gilbert on patenting and with Nicholas Stern on taxation in developing countries. The second looks at his work on the pricing of transport and energy, particularly with respect to efficient road pricing and optimal energy taxation. This includes work with Nobel Laureate, Eric Maskin, and Larry Karp. The final part reviews his work on liberalised electricity market design, both in terms of the operation of wholesale electricity markets and the regulation of network monopolies.
Keywords: Optimal Tax Theory, Road User Charges, Energy Taxation, Electricity Reform
JEL Codes: H21 R48 Q48 L94
Author links: Michael Pollitt
PDF: https://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe2442.pdf 
EPRG Paper Link: 2409
