Steven C. Hackett

Last updated
Steven C. Hackett
Born1960 (age 6263)
United States
Alma mater Texas A&M University Ph.D 1989
Texas A&M University MS 1986
Montana State University BS 1983
Scientific career
Fields Economist
Institutions Cal Poly Humboldt

Steven C. Hackett (born 1960) is an American economist, and Professor Emeritus of Economics at Cal Poly Humboldt (formerly Humboldt State University), [1] known for his contributions to the fields of environmental and natural resources economics.

Contents

Biography

Born and raised in Arcata, California in 1960, Hackett obtained his BS in Agricultural Business and Economics at the Montana State University in 1983. He then moved to the Texas A&M University, where he obtained his MS in economics 1986, and his PhD in economics in 1989.

Hackett began his academic career at the rank of Assistant Professor at Indiana University in Bloomington in 1989. In 1994 he then moved to the Humboldt State University, where he started as Assistant Professor at its School of Business and Economics. There in 1997 he became Associate Professor, and in 2002 Professor at the Department of Economics.

At the Humboldt State University among others Hackett was co-founder of the Humboldt Economic Index, which he directed from 1996 to 2002. In 2002 he was founding Director of its Office for Economic, Community, and Business Development. He chaired the Department of Economics first time in the years 2004-2006, secondly in 2013-2016, and again since 2017. [2]

Work

Early research

Early on Hackett's research was focused on the economic performance of contractual relationships, such as the social dilemmas associated with common-pool resources like oil and gas fields, groundwater basins or marine fisheries. Self-interested or opportunistic behavior in these circumstances can result in inferior economic outcomes. This work began at Texas A&M and was further cultivated by his affiliation with Nobel Laureate Elinor Ostrom's Workshop in Political Theory and Policy Analysis while a member of the graduate faculty at Indiana University in Bloomington. [3]

He was particularly interested in the challenges of structuring successful agreements capable of preventing opportunistic behavior when stakeholders are heterogeneous, or have made prior relationship-specific investments (research influenced by the work of Nobel Laureate Oliver Williamson). [4] His research approaches involved developing theoretical models and evaluating testable hypotheses through the use of laboratory experimental methods. [5] Another line of his research involved the use of economic modeling approaches to understand the political economy of environmental regulation.

In several papers Hackett and collaborators investigated how voluntary actions by firms to limit pollution can have strategic value relative to competitors, or as a way of shaping future regulatory policy. In another line of research Hackett and colleagues developed a model for the partial deregulation of critical energy markets, such as for natural gas, and identified some of the hazards associated with applying that model to electricity deregulation. [6]

Hackett's curiosity about contracting problems also resulted in papers on diverse topics such as revenue-sharing problems in medical group practices, and factors that influence foreign direct investment decisions by multinational firms.

More recent research

More recently Hackett has worked collaboratively on a number of projects addressing marine fishery economics and policy and renewable energy. In various projects he has analyzed California’s wetfish industry complex, California’s Dungeness crab fishery and associated processing sector, and the California and Oregon salmon fisheries. [7] [8] [9] In 2009 his research team released the COFHE model for assessing economic impact in each of California's commercial marine fisheries. Unique models were developed to function at county, regional, and statewide scales. [10]

Hackett has also returned to energy economics, with a focus on renewable energy and energy efficiency. He recently contributed a chapter to California's wave energy white paper. [11] [12] He is collaborating with the Schatz Energy Research Center and the Redwood Coast Energy Authority on a California Energy Commission-funded project that will identify ways to create a renewable energy secure community by managing the Humboldt micro-grid with 75 to 100 percent of energy supplies derived from renewable sources. [13]

In recognition of his research into regional economic issues, and what former HSU President Rollin Richmond described as "the clarity and significance his work brings to global questions of environmental economics," Hackett was selected as Humboldt State University's Scholar of the Year for 2005. [14]

Selected Literature

1990s
2000s

Related Research Articles

Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced. Energy services can be defined as functions that generate and provide energy to the “desired end services or states”. The efficiency of energy services is dependent on the engineered technology used to produce and supply energy. The goal is to minimise energy input required to produce the energy service, such as lighting (lumens), heating (temperature) and fuel. The main sectors considered in energy economics are transportation and building, although it is relevant to a broad scale of human activities, including households and businesses at a microeconomic level and resource management and environmental impacts at a macroeconomic level.

<span class="mw-page-title-main">California State Polytechnic University, Humboldt</span> Public university in Arcata, California

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<span class="mw-page-title-main">Fishery</span> Raising or harvesting fish

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<span class="mw-page-title-main">Claudia Kemfert</span> German economist

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<span class="mw-page-title-main">Daniel Bromley</span> American economist

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Catch share is a fishery management system that allocates a secure privilege to harvest a specific area or percentage of a fishery's total catch to individuals, communities, or associations. Examples of catch shares are individual transferable quota (ITQs), individual fishing quota (IFQs), territorial use rights for fishing (TURFs), limited access privileges (LAPs), sectors, and dedicated access privileges (DAPs).

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The following outline is provided as an overview of and topical guide to fisheries:

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References

  1. "2021 2022 Humboldt State University Catalog" . Retrieved 7 December 2022.
  2. Steven C. Hackett, "Abridged cv," at users.humboldt.edu. Accessed 26-05-2017
  3. Workshop publications.
  4. JLEO 10(2). Journal of Law, Economics, and Organization.
  5. Economic Inquiry 31(2). Economic Inquiry.
  6. Journal of Law and Economics 43(2). University of Chicago Journals -- Journal of Law and Economics.
  7. CSC wetfish report Archived 2008-05-11 at the Wayback Machine . California Seafood Council. URL accessed 06 December 2008.
  8. California Agriculture 58(4) Archived 2007-07-13 at the Wayback Machine . California Agriculture.
  9. CDFG salmon report. California Department of Fish and Game. URL accessed 01 June 2009.
  10. COFHE economic impact model for California marine fisheries. California Department of Fish and Game. URL accessed 29 May 2009.
  11. California's wave energy white paper California Energy Commission
  12. HSU Marketing and Communications HSU Press Release 8 December 2008
  13. California Energy Commission Archived 2009-05-26 at the Wayback Machine . California Energy Commission PIER grants 2009. URL accessed 29 May 2009.
  14. HSU Scholar of the Year Recipients Archived May 29, 2010, at the Wayback Machine . Academic Affairs, Humboldt State University. URL accessed 06 December 2008.