Andrew Stocking is a market design economist at the Congressional Budget Office
(CBO) working in the Microeconomic Studies Division. In this position he provides
analysis of markets including auctions, their rules, and optimal design criteria in an
effort to advance the mission of the CBO. During the 111th Congressional cycle, he
managed the CBO model for scoring climate change legislation and has been involved in the
analysis of other markets as they arise in the policy debate, ranging from FCC spectrum
auctions to financial markets to energy markets. Prior to the CBO from 2000-2005,
Stocking was the VP Business Development for a fledgling internet start-up called Care2
that provides online services to charitable giving organizations. In his five years of
full time employment, he launched Care2's primary revenue source allowing the
start-up to grow to a team of 50, reach profitability, and continue as a viable entity to
this day. That work continued on a part-time basis between 2005-2009 as he pursued his
Ph.D. in resource economics at the University of Maryland. He has been published in Land
Economics, Public Works Financing, Journal of the American Water Works Association,
Journal of Environmental Engineering, and Science magazine as well as made appearances on
NPR and Fox Business Network discussing market design. Stocking also holds a BS in
chemical engineering and MS in environmental engineering, both from Stanford University.

Market Design

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Evaluating Limits on Participation and Transactions in Markets for Emissions Allowances (with Congressional Budget Office) (2010)

In response to concerns that the accumulation of greenhouse gases in the atmosphere could have...

 

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Unintended Consequences of Price Controls: An Application to Allowance Markets, Congressional Budget Office Working Paper Series (2010)

Price controls established in an emissions allowance market to constrain allowance prices between a ceiling...

 

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Competition-based environmental policy: An analysis of farmland preservation in Maryland (with John K. Horowitz and Lori Lynch), Land Economics (2009)

Policy makers have turned to competition-based voluntary-enrollment programs as a cost-effective way to achieve preferred...

 

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Common-Value Auctions with Liquidity Needs: An Experimental Test of a Troubled Assets Reverse Auction (with Peter Cramton, Lawrence M. Ausubel, Emel Feliz-Ozbay, Nathaniel Higgins, and Erkut Ozbay), Working Paper, University of Maryland (2008)

We experimentally test alternative auction designs suitable for pricing and removing troubled assets from banks’...

 

Experimental Economics

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Charitable Memberships, Volunteering, and Discounts: Evidence from a Large-Scale Online Field Experiment (with Andreas Lange), NBER Working Paper Series #14941 (2009)

Despite the increasing use by charities, significant uncertainty exists about optimal online fundraising mechanisms, especially...

 

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Common-Value Auctions with Liquidity Needs: An Experimental Test of a Troubled Assets Reverse Auction (with Peter Cramton, Lawrence M. Ausubel, Emel Feliz-Ozbay, Nathaniel Higgins, and Erkut Ozbay), Working Paper, University of Maryland (2008)

We experimentally test alternative auction designs suitable for pricing and removing troubled assets from banks’...

 

Charitable Giving

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Charitable Memberships, Volunteering, and Discounts: Evidence from a Large-Scale Online Field Experiment (with Andreas Lange), NBER Working Paper Series #14941 (2009)

Despite the increasing use by charities, significant uncertainty exists about optimal online fundraising mechanisms, especially...

 

Growth Theory

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Bringing Growth Theory Down to Earth (with Ramon Lopez) (2009)

Explicitly accounting for certain basic physical laws governing the “earth” sector dramatically enriches our ability...