Projects
New Jersey Department of Environmental Protection
We are working with the New Jersey Department of Environmental Protection to evaluate the 'Resilience Premium' in New Jersey municipal bond markets from 2015-2025. This research quantifies the relationship between climate risk, adaptation measures, and municipal borrowing costs. Using matched-pair econometric analysis and Difference-in-Differences models, the project analyzes the SLR Penalty (higher yields for high-exposure coastal municipalities) and the Resilience Premium (reduced borrowing costs for municipalities with significant adaptation measures). Data sources include NJ FloodMapper, FEMA CRS scores, NJ I-Bank funding data, and MSRB EMMA bond filings.
New Jersey Board of Public Utilities
We are working with the New Jersey Board of Public Utilities to analyze PJM electricity auction markets. This research examines competitive dynamics in wholesale electricity markets using Independent Market Monitor (IMM) annual reports and auction data to assess market efficiency, price formation, and potential improvements to New Jersey's energy procurement strategies.
Federal Department of Housing and Urban Development
We are working with the Federal Department of Housing and Urban Development (HUD) to develop population projections and housing demand estimates for New Jersey and the tri-state area. This project analyzes migration patterns and demographic components to project population 3-5 years into the future, with a focus on major metropolitan areas including Baltimore, DC, and NYC as defined by the Office of Management and Budget. The research supports regional planning for housing supply and infrastructure needs.
New Jersey Department of Labor
We are working with the New Jersey Department of Labor to develop population and labor force projections for New Jersey and its counties from 2022–2050. This project will produce a reference framework for planning and policy by extrapolating long-term demographic trends, accounting for demographic shifts revealed by the 2020 Decennial Census and COVID-19 pandemic impacts. The project will develop three distinct scenarios (Medium, High-Growth, and Low-Growth) based on different assumptions about the components of population change.
Virginia Center for Public Policy
We are working with the Virginia Center for Public Policy to conduct a comprehensive analysis of post-incarceration employment and economic opportunity in Virginia from 2025-2030. The research will identify regions where formerly incarcerated individuals return, analyze regional labor market structures, and assess alignment between available 'second-chance' employment opportunities and vocational skills. The project will produce a five-year projection of employment trends to inform policy and workforce development strategies, ultimately identifying systemic barriers and providing actionable recommendations for successful reentry.
US Department of Agriculture
We worked with the United States Department of Agriculture (USDA) to identify potential anticompetitive practices in the meat industry through a time series analysis of price spreads.
New Jersey Department of Community Affairs
We worked with the New Jersey Department of Community Affairs to evaluate the impact of the Zone Assistance Fund (ZAF) program on Urban Enterprize Zones (UEZs) in New Jersey.
New Jersey Economic Development Authority
In our first project, we worked with the New Jersey Economic Development Authority (NJEDA) to evaluate the impact of the NJ ZIP program on medium and heavy duty electric vehicle (MDHEV) sales and model how the price premium for MDHEVs will change over time.