Professor of the Graduate School
Gordon Rausser (born July 21, 1943) is an American economist. He is currently the Robert Gordon Sproul Distinguished Professor Emeritus, Dean Emeritus, College of Natural Resources and a professor of the Graduate School at the University of California, Berkeley. On three separate occasions, he served as chairman of the Department of Agriculture and Resource Economics, served two terms as Dean of the College of Natural Resources, and has served on the Board of Trustees of public universities and one private university. Over the years, he has been appointed to more than 20 board of directors of both private and publicly traded companies, including chairman of a number of such boards.
His federal government service includes Senior Economist at the Council of Economic Advisers, Executive Office of the President, Chief Economist at the Agency for International Development and as President of the Institute for Policy Reform. His editorship contributions include serving as editor of the American Journal of Agricultural Economics, associate editor of the Journal of the American Statistical Association, associate editor of the Journal of Economic Dynamics and Control, editor of Agricultural Management and Economics, co-editor of four volumes of the Handbook of Agricultural Economics, and more than 15 years as the editor of Annual Review of Resource Economics.
He is recipient of 31 professional awards, including Best Journal Articles, Annual Best Published Research awards, and Publications of Enduring Quality from the AAEA, and Outstanding Research and/or Leadership awards from other associations, such as the American Antitrust Institute, the European Association of Agricultural Economists, and the Agency for International Development.
He was most recently honored by AAEA for his naming of the keynote address at their annual meetings from 2020 forward for his exceptional intellectual leadership and his mentoring of leading scholars. He was also honored in 2020 by the permanent naming of the College of Natural Resources, UC Berkeley for his visionary leadership and philanthropic contributions.
From October 24, 2019 to October 27, 2019, a four-day Festschrift was held in honor of Rausser. He was also selected as a member of the 100-member Berkeley Fellows. The complete Festschrift can be viewed here as well as Rausser’s biography. In 2020, an article in the Breakthroughs magazine featured Rausser, in which his early life and background can be read here. A song dedicated to Rausser written by economist Julian Alston can be read here.
Postdoctoral Fellowship, University of Chicago, Departments of Economics and Statistics, 1972-73
Ph.D., University of California, Davis, Highest Honors, Agricultural Economics 1971
M.S., University of California, Davis, Highest Honors, Agricultural Economics 1968
B.S., California State University, Fresno, summa cum laude, Agriculture and Statistics 1965
Rausser G, Ameden H, Stevens R. 2016. Structuring Public-Private Research Partnerships for Success: Empowering University Partners. Cheltenham, UK: Edward Elgar.
Rausser GC, Swinnen J, Zusman P. 2011. Political Power and Economic Policy: Theory, Analysis, and Empirical Applications. Cambridge: Cambridge University Press.
Gardner BL, Rausser GC, eds. 2002. Handbook of Agricultural Economics, Vol 2A. Amsterdam: Elsevier Science, North-Holland.
Gardner BL, Rausser GC, eds. 2002. Handbook of Agricultural Economics, Vol 2B. Amsterdam: Elsevier Science, North-Holland.
Gardner BL, Rausser GC, eds. 2001. Handbook of Agricultural Economics, Vol 1A. Amsterdam: Elsevier Science, North-Holland.
Gardner BL, Rausser GC, eds. 2001. Handbook of Agricultural Economics, Vol 1B. Amsterdam: Elsevier Science, North-Holland.
Mcmillan JC, Rausser GC, Johnson SR. 1994. Economic Growth, Political and Civil Liberties. Occasional Paper No. 53. San Francisco: Institute for Contemporary Studies.
Clague C, Rausser GC. 1992. The Emergence of Market Economies in Eastern Europe. Cambridge, MA: Blackwell Publishers.
Rausser GC, Hochman E, 1979. Dynamic Agricultural Systems: Economic Prediction and Control. New York: North-Holland.
Rausser GC, de Gorter H. 2015. “US Policy Contributions to Agricultural Commodity Price Fluctuations, 2006–2012." In Food Price Policy in an Era of Market Instability: A Political Economy Analysis, Pinstrup-Andersen P, ed., 433-456. New York: Oxford University Press.
Just RE, Rausser GC. 2007. “General Equilibrium in Vertical Market Structures: Overselling versus Overbuying.” In Research in Law and Economics, Zerbe RO, ed., 149–181. Oxford: Elsevier (JAI Press).
Rausser G, Zilberman D. Forthcoming. “The Evolution of US Agricultural Policy.” Food Sciences.
Balson WE, Rausser G. 2016. “Pretrade and Risk-based Clearing: A Case Study of American International Group’s Super Senior CDS Portfolio 2005-2008.” Journal of Financial Economic Policy, 8(2):228-47.
Carter CA, Rausser GC, Smith A. 2016. “Commodity Storage and the Market Effects of Biofuel Policies.” American Journal of Agricultural Economics, first published online March 15.
Rausser GC, Simon LK. 2016. “Nash Bargaining and Risk Aversion." Games and Economic Behavior, 95:1-9.
Torani K, Rausser G, Zilberman D. 2016. “Innovation Subsidies versus Consumer Subsidies: A Real Options Analysis of Solar Energy.” Energy Policy, 92:255-69, May.
Rausser GC, Simon LK, Zhao J. 2015. “Rational Exaggeration and Counter-Exaggeration in Information Aggregation Games.” Economic Theory, 59:109-46.
Rausser G, Zilberman D, Kahn G. 2015. “An Alternative Paradigm for Food Production, Distribution and Consumption: A Noneconomist’s Perspective.” Annual Review of Resource Economics, 7:309-31.
Anderson K, Rausser G, Swinnen J. 2014. “Agricultural Policy: A Global View.” In Encyclopedia of Agriculture and Food Systems, van Alfen N, ed. Oxford, UK: Elsevier, 179-94.
Hausfeld MD, Rausser GC, Macartney GJ. 2014. “Antitrust Class Proceedings – Then and Now.” The Law and Economics of Class Actions (Research in Law and Economics) Emerald Group Publishing Limited, 26:77-133.
Rausser G, Hanemann M, Zilberman D. 2014. Synthesis of Volume 6, Preface. Annual Review of Resource Economics, 6.
Anderson K, Rausser G, Swinnin J. 2013. “Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets.” Journal of Economic Literature, 51(2):423–77.
Rausser GC, Foote J. 2013. “Monopsony and Predatory Bidding in the Lumber Industry: The Weyerhaeuser Cases.” In The Antitrust Revolution, White L, Kwoka JL, eds. 6th ed. New York: Oxford University Press, 277-306.
Baylis K, Peplow S, Rausser G, Simon L. 2011. “Agri-environmental Programmes and Trade Negotiations in the United States and the European Union.” Eurochoices, 10(2):55–60.
Carter CA, Rausser GC, Smith A. 2011. “Commodity Booms and Busts.” Annual Review of Resource Economics, 3:87–118.
Marco AC, Rausser GC. 2011. “Complementarities and Spillovers in Mergers: An Empirical Investigation Using Patent Data.” Economics of Innovation and New Technology, 20(3):207–31.
Rausser GC, Sayre SS, Simon LK. 2011. “Local Negotiation with Heterogeneous Groundwater Users.” Strategic Behavior and the Environment, 1(2):61–82.
Casamatta G, Rausser GC, Simon LK. 2010. “Optimal Taxation with Joint Production of Agriculture and Rural Amenities.” Resource and Energy Economics, 33(3):544–53.
Goodhue RE, Mohapatra S, Rausser GC. 2010. “Interactions between Incentive Instruments: Contracts and Quality in Processing Tomatoes.” American Journal of Agricultural Economics, 92(5):1283–93.
Rausser GC, Balson W, Stevens RB. 2010. “Centralized Clearing for Over-the-Counter Derivatives.” Journal of Financial Economic Policy, 2(4):346–359.
Rausser G, Papineau M. 2010. “Managing R&D Risk in Renewable Energy: Biofuels vs. Alternate Technologies.” AgBioForum, 13(4):375–81.
Rausser GC, Swinnen J. 2010. “Governance Structures, Political Economy, and Public Policy.” American Journal of Agricultural Economics, 93(2):310–16.
Antinori C, Rausser G. 2008. “Ownership and Control in Mexico’s Community Forestry Sector,” Economic Development and Cultural Change, 57(1):101–36.
Arnott R, Hochman O, Rausser G. 2008. “Pollution and Land Use: Optimum and Decentralization.” Journal of Urban Economics, 64(2):390–407.
Marco A, Rausser G. 2008. “The Role of Patent Rights in Mergers: Consolidation in Plant Biotechnology.” American Journal of Agricultural Economics, 90(1),133–51.
Graff GD, Rausser GC, Small AA. 2003. “Agricultural Biotechnology’s Complementary Intellectual Assets.” Review of Economics and Statistics, 85(2):349–63.
McCluskey JJ, Rausser GC. 2003. “Hazardous Waste Sites and Housing Appreciation Rates.” Journal of Environmental Economics and Management, 45:166-76, March.
McCluskey JJ, Rausser GC. 2003. “Stigmatized Asset Value: Is It Temporary or Long-term?” Review of Economics and Statistics, 85(2):276–85.
Baylis K, Rausser G. 2001. “Rules, Policy and Rent Seeking: A Cross-border Comparison.” Canadian Journal of Agricultural Economics, 49(4):493–504.
McCluskey JJ, Rausser GC. 2001. “Estimation of Perceived Risk and Its Effect on Property Values.” Land Economics, 7(1):42–55.
Thoer S, Morardet S, Rio P, Simon L, Goodhue R, Rausser G. 2001. “A Bargaining Model to Simulate Negotiations Between Water Users.” Journal of Artificial Societies and Social Simulation, 4(2).
Hyde CE, Rausser GC, Simon LK. 2000. “Regulating Multiple Polluters: Deterrence and Liability Allocation.” International Economic Review, 41(2):495–521.
Rausser G, Small AA. 2000. “Valuing Research Leads: Bioprospecting and the Conservation of Genetic Resources.” Journal of Political Economy, 108(1):173–206, February. Reprinted in The Economics of Biodiversity Conservation, Polasky S, ed., International Library of Environmental Economics and Policy. Aldershot, UK: Ashgate, 2002.
Rausser G, Simon L, Ameden H. 2000. “Public-Private Alliances in Biotechnology: Can They Narrow the Knowledge Gaps Between Rich and Poor?” Food Policy, 25:499–513.
Swinnin JRM, de Gorter H, Rausser GC, Banerjee AN. 2000. “The Political Economy of Public Research Investment and Commodity Policies in Agriculture: an Empirical Study.” Agricultural Economics, 22:111–22.
Goodhue RE, Rausser GC, Simon LK. 1998. “Privatization, Market Liberalization and Learning in Transition Economies.” American Journal of Agricultural Economics, 80(4):724–37.
Rausser GC, Simon LK, Zhao J. 1998. “Information Asymmetries, Uncertainties, and Cleanup Delays at Superfund Sites.” Journal of Environmental Economics and Management, 35(1):48–68.
Adams G, Rausser G, Simon L. 1996. “Modeling Multilateral Negotiations: An Application to California Water Policy.” Journal of Economic Behavior and Organization, 30(1):97–111.
Ball R, Rausser G. 1995. “Governance Structures and the Durability of Reforms: Evidence from Inflation Stabilizations.” World Development, 23(6):897–912.
Zusman P, Rausser GC. 1994. “Intraorganizational Influence Relations and the Optimality of Collective Action.” Journal of Economic Behavior and Organization, 24(1):1–22.
Foster WE, Rausser GC. 1993. “Price Distorting Compensation Serving the Consumer and Taxpayer Interest.” Public Choice, 77(2):275–91.
Rausser GC, Johnson SR. 1993. “State-Market-Civil Institutions: The Case of Eastern Europe and the Soviet Republics.” World Development, 21(4):675–89.
Rausser GC. 1992. “Predatory Versus Productive Government: The Case of U.S. Agricultural Policy.” Journal of Economic Perspectives, 6(3):133–57.
Rausser GC, Zusman P. 1992. “Public Policy and Constitutional Prescription,” American Journal of Agricultural Economics, 74(2):247–57.
Foster WE, Rausser GC. 1991. “Farmer Behavior Under Risk of Failure.” American Journal of Agricultural Economics, 73(2):276–88.
Rausser G. 1991. “Preconditions for the Emergence of East European Market Economies.” Current Politics and Economics of Europe, 1(3/4):347–61.
Rausser G. 1990. “A New Paradigm for Policy Reform and Economic Development.” American Journal of Agricultural Economics, 72(3):821–26.
Rausser G. 1990. “Implications of Structural Adjustment: Experience in Developing World for Eastern Europe.” American Journal of Agricultural Economics, 72(5):1252–56.
Rausser GC, Foster WE. 1990. “Political Preference Functions and Public Policy Reform.” American Journal of Agricultural Economics, 72(3):642–52. Reprinted in Agro-Environmental Policy, Batie SS, Horan R, eds. Aldershot, UK: Ashgate Publishing.
Rausser GC, Walraven NA. 1990. “Linkages Among Commodity Futures Markets and Dynamic Welfare Analysis,” Review of Economics and Statistics, 72(4):631–39.
Innes RD, Rausser GC. 1989. “Incomplete Markets and Government Agricultural Policy.” American Journal of Agricultural Economics, 71(4):915–31.
Rausser GC, Irwin DA. 1989. “The Political Economy of Agricultural Policy Reform.” European Review of Agricultural Economics, 15(4):349–66.
Rausser GC, Chalfant JA, Love A, Stamoulis KG. 1986. “Macroeconomic Linkages, Taxes, and Subsidies in the U.S. Agricultural Sector.” American Journal of Agricultural Economics, 68(2):399–412.
Carter CA, Rausser GC, Schmitz A. 1983. “Efficient Asset Portfolios and a Theory of Normal Backwardation.” Journal of Political Economy, 91(2):319–31.
Rausser GC, Carter C. 1983. “Futures Market Efficiency in the Soybean Complex.” Review of Economics and Statistics, 65(3):469–78.
Rausser G. 1982. “Political Economic Markets: PERTs and PESTs in Food and Agriculture.” American Journal of Agricultural Economics, 64(5):821–33.
Just RE, Rausser GC. 1981. “Commodity Price Forecasting with Large-Scale Econometric Models and the Futures Market.” American Journal of Agricultural Economics, 63(2):197–215. Rpt. in Readings and Futures Markets, IV: Selected Writings on Futures Markets: Research Directions in Commodity Markets, 1970–1982. Chicago: Chicago Board of Trade.
Rausser G. 1980. “Hedging and Joint Production, Theory and Illustrations.” Journal of Finance, 35(2):498–501.
Rausser GC, Lapan HE. 1979. “Natural Resources, Goods, Bads, and Alternative Institutional Frameworks.” Resources and Energy, 2(4):293–324.
Pekelman D, Rausser GC. 1978. “Adaptive Control: Survey of Methods and Applications.” Management Science, 9:89–120.
Rausser G. 1978. “Active Learning, Control Theory, and Agricultural Policy.” American Journal of Agricultural Economics, 60(3):476–90.
Faden AM, Rausser GC. 1976. “Econometric Policy Model Construction: The Post-Bayesian Approach.” Annals of Economic and Social Measurement, 5:349–62.
Rausser GC, Laumas PS. 1976. “The Stability of the Demand for Money in Canada.” Journal of Monetary Economics, 2:367–80.
Rausser GC, Oliveira RA. 1976. “An Econometric Analysis of Wilderness Area Use.” Journal of the American Statistical Association, 71(354):276–85.
Rausser GC, Willis CE. 1976. “Investment Sequencing, Allocation, and Learning in the Design of Water Resource Systems: An Empirical Application.” Water Resources Research, 12:317–30.
Cargill TF, Rausser GC. 1975. “Temporal Price Behavior in Commodity Futures Markets." Journal of Finance, 30(4):1043–53.
Rausser GC, Howitt R. 1975. “Stochastic Control of Environmental Externalities.” Annals of Economic and Social Measurement, 4(2):271–92.
Rausser GC. 1974. “Alternative Econometric Forms.” Journal of Economics, 2:27–37.
Rausser GC. 1974. “Technological Change, Production, and Investment in Natural Resource Industries.” American Economic Review, 64(6):1049–59.
Rausser GC, Freebairn JW. 1974. “Approximate Adaptive Control Solutions to U.S. Beef Trade Policy.” Annals of Economic and Social Measurement, 3(1):177–203.
Rausser GC, Freebairn JW. 1974. “Estimation of Policy Preference Functions: An Application to U.S. Beef Import Quotas.” Review of Economics and Statistics, 56(4):437–49.
Rausser GC, Johnson SR. 1974. “Discrete Variations Across Subsets of Parameters in Simultaneous Equation Models.” Metroeconomica, 26:226–44.
Cargill TF, Rausser GC. 1972. “Time and Frequency Domain Representations of Future Prices as a Stochastic Process.” Journal of the American Statistical Association, 67(337):23–30.
Lianos TP, Rausser GC. 1972. “Approximate Distribution of Parameters in Distributed Lag Models.” Journal of the American Statistical Association, 67(337):64–67.
Rausser GC, Willis C, Frick P. 1972. “Learning External Benefits and Subsidies in Water Desalination.” Water Resources Research, 8(6):1385–400.