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Catherine Wolfram

Professor of Applied Economics · MIT Sloan School of Management

Professor of Applied Economics at MIT Sloan School of Management, holding the William Barton Rogers Professorship in Energy. Her work concerns energy economics and climate policy; NBER lists environment and energy economics and industrial organization.

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Published American Economic Review Published Jul 2026

A Theory of Price Caps on Non-Renewable Resources

Simon Johnson · Lukasz Rachel · Catherine Wolfram

This paper asks what the optimal response of an exhaustible-resource producer is to sanctions in the form of a price cap, and how a sanctioning coalition should set the cap. The motivation is the …

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