Terrence Iverson

Associate Professor



Dr. Iverson is an environmental economist and macroeconomist who uses applied theory, numerical methods, and econometric tools to study issues in the economics of climate change and other environmental policy problems.  Examples of his ongoing research includes the development of computational methods to incorporate non-constant time preference into general equilibrium climate economy models, the development of an analytically tractable model of urban development with forward-looking investment decisions for a coastal city with rising sea level, the evaluation of carbon capture and storage as a means to avoid supply side leakage in a multi-country climate policy setting with strategic interactions, and an econometric study of the effect of arson on public health in Detroit.  Dr. Iverson teaches graduate and undergraduate courses in environmental economics, including a senior seminar on the economics of climate change. He also teaches a PhD course in macroeconomics.  Prior to graduate school, Dr. Iverson worked as a management consultant with Bain & Company.


T. Iverson and L. Karp (2020): "Carbon Taxes and Commitment with Non-Constant Time Preference," Review of Economic Studies, forthcoming.

E. Barbier, E. Barbier, T. Iverson (2020): "Are Sub-National Agreements for Carbon Abatement Effective?" Energies, forthcoming.

S. Zahran, T. Iverson, S. McElmurry, and S. Weilar (2019): "Hidden Costs of Fire Non-Suppression in Detroit: Evidence from a Natural Experiment in Devil's Night," Ecological Economics, 157, 266-277.

H. Cutler, J. Hess, T. Iverson, D. Manning (2018): "Uncertainty, Learning, and Local Opposition to Hydraulic Fracturing," Environmental and Resource Economics, forthcoming.

E. Barbier and T. Iverson (2018): “There are better ways to foster solar innovation and save jobs thanTrump’s tariffs.” The Conversation, January 22, 2018. https://theconversation.com/there-are-better-ways- to-foster-solar-innovation-and-save-jobs-than-trumps-tariffs-90532

S. Zahran, T. Iverson, S. McElmurry, S. Weiler (2017): "The Effect of Leaded Aviation Gasoline on Blood Lead in Children," Journal of the Association of Environmental and Resource Economics, 4(2), 575-610.

C. Hannum, H. Cutler, T. Iverson & D. Keyser (2017): "Estimating the implied cost of carbon in future scenarios using a CGE model: The Case of Colorado." Energy Policy, 102, 500-511.

E. Barbier and T. Iverson (2017): “Better ways to foster solar innovation and save jobs.” The Conversation, December 21, 2017. https://theconversation.com/better-ways-to-foster-solar-innovation- and-save-jobs-87481

T. Iverson, S. Denning, S. Zahran (2015): "When the Long Run Matters: The Joint Effect of Carbon Decay and Discounting,''
Climatic Change, 129: 57-72.

S. Zahran, T. Iverson, S. Weilar, T. Underwood (2014): "Evidence the Accuracy of Self-Reported Lead Emissions Data Improved: A Puzzle and Discussion,"
Journal of Risk and Uncertainty 49:235-257.

T. Iverson (2013): "Minimax Regret Discounting," Journal of Environmental Economics and Management, 66(3):598-608.

T. Iverson (2012): "Communicating Trade-offs Amid Controversial Science: Decision Support For Climate Policy," Ecological Economics 77: 74-90.

C. Keske, S. Evans, and T. Iverson (2012): "Total Cost Electricity Pricing," Electricity Journal 25(2): 7-15.

T. Iverson and C. Perrings (2011): "Precaution and Proportionality in the Management of Global Environmental Change," Global Environmental Change 22(1):161-177.

C. Bond and T. Iverson (2011): "Modeling Information in Environmental Decision Making," Western Economic Forum 10(2):33-49.

J. Liu, A. Rinzler, H. Dai, J. Hafner, K. Bradley, P. Boul, A. Lu, T. Iverson, K. Shelimov, C. Huffman, F. Rodriguez, Y. Shon, T. Randal, D. Colbert, R. Smalley (1998): "Fullerene Pipes," Science 280(5367):1253-1256.

Working Papers

Protecting the vulnerable during a pandemic with uncertain vaccine arrival and reinfection, July 2020.  With L. Karp and A. Peri.  Working paper, SSRN #3648714.

National and Sub-National Social Distancing Responses to COVID-19, July 2020.  With E. Barbier. CESifo Working Paper No. 8452.

Burn Coal?  The Supply-Side Case for Carbon Capture and Storage, October 2019. Working paper.

Climate Policy and the Equilibrium Rate of Interest, June 2016. With Elisa Belifiori. Working paper.



  • Econ 704: Graduate macroeconomics II

  • Senior Capstone Seminar: The Economics of Climate Change