Dr. Hamed Ghoddusi

ASSISTANT PROFESSOR
Building: Babbio Center
Room: 417
Phone: 201 216 3512
Fax: 201 216 5385
Email: Hamed.Ghoddusi@stevens.edu
Education
  • Postdoc, Massachusetts Institute of Technology (MIT), 2011-2013
  • PhD in Finance, Vienna Graduate School of Finance (VGSF), 2007-2011
  • Visiting PhD Student, University of Texas, Austin, 2009-2010
  • Post-graduate diploma in Economics, Institute for Advanced Studies
    (IHS), Vienna, 2005-2007
  • M.B.A, Sharif University of Technology, 2000-2003
  • BSs in Industrial Engineering, Sharif University of Technology, 1995-2000
Research

Research Interests:  Energy and Resouce Economics, Real Options, Commodity Markets, Risk Management, Sustainability

Refereed Journal Articles

Working Papes and Papers Under Review 

  • "Hedging Commodity Price Risk", 2018, with Sheridan Titman and Stathis Tompaidis, draft comming soon
  • "Price Elasticity of Subsidized Gasoline Demand: Evidences from Large-Scale Subsidy Reforms", with Nima Rafizadeh, draft comming soon
  • "Spreads and Capacity Utilization: A Micro-Founded Approach", with Sheridan Titman and Stathis Tompaidis, draft coming soon
  • "Virtual Water Trade: The Implications of Capital Scarcity", with Mohamad Afkhami, Thomas Bassetti, and Filippo Pavesi, SSRN
  • "Pricing Renewable Identification Numbers (RINs) under Uncertainty", with Mohamad Afakhami, Under Review, SSRN 
  • "Income Elasticity of Demand versus Income Elasticity of Consumption", with Mandira Roy, SSRN
  • "Crude or Refined? Optimal Downstream Investment for Oil-Producing Economies", with Franz Wirl, SSRN
  • "Input-price Risk Management:Technology Improvement and Financial Hedging", with Sam Aflaki and Ali Shantia, SSRN
  • "A Dynamic Relationship between Crude Oil and Refined Products", with Mohamad Afkhami and Robert Kunst, Under Review, SSRN
  • "The Expected Hitting Time Approach to Optimal Price Adjustment Problems", with Yiying Cheng, Chihoon Lee, and Yaozhong Hu, Under Review, SSRN
  • "Option Value of Mortgage Interest Tax Deductibility", SSRN
  • "Term Structure of Commodity Roll Returns", 2016, SSRN
  • "Immigration Option and Optimal Investment in Human Capital", 2016, with Baran Siyahhan, Under Review, SSRN
  • "Islamic Finance and the Energy Sector", 2015, R&R, SSRN
  • "Endogenous Entry, Long-Run Risks, and Asset Prices", 2012
  • "Can Long-Run Risks Explain Commodity Risk Premium Puzzle?", 2011

Book Chapters:

Work in Progress

  • Option Value in Two-Sided Markets, with Baran Siyahhan
  • Investment under Uncertainty with Endogenous Prices, with Thomas Dangl, draft coming soon 
  • Frequency of Adjustment in Impulse Control Models, with Julia Eisenberg
Experience
  • Post-doctoral Associate, Massachusetts Institute of Technology (MIT), 2011-2013
  • Visiting Scholar, Oxford Institute for Energy Studies (OIES), 2011
  • Young Scientist Summer Program (YSSP), International Institute for Applied Systems Analysis (IIASA), 2010
  • Consultant, United Nations Industrial Development Organization, 2004-2005
Professional Service

Selected Presentations

  • 2018: World Congress of Environmental Resource Economics (scheduled), Real Options Conference (scheduled), Vienna Workshop on Optimal Control and Dynamic Games (scheduled), International Industrial Organization Conference (IIOC), Supply Chain Finance & Risk Management Workshop, Rutgers University, Fifth Conference on the Iranian Economy, Vienna University, Vienna University of Economics
  • 2017: International Energy Workshop (IEW), European Environmental and Resource Economics (EAERE), Institut Mines Telecom, University Quebec Montral (UQAM), Cal Poly, Rutgers, Baruch (CUNY), Vienna University
  • 2016: International Water Resource Economics Conference, International Energy Workshop (IEW), European Environmental and Resource Economics (EAERE)
  • 2015: Rutgers, European Environmental and Resource Economics, HEC Paris, International Energy Workshop, UC Davis, UC Berkeley Bioeconomy Conference
  • 2014: Financial Management Association (FMA), World Congress of Environmental and Resource Economics (WCERE), 

Discussant Service in Conferences:

  • 4th Conference of the Iranian Economy, 2016
  • European Environmental and Resource Economics (EAERE2016)
  • World Congress of Environmental and Resource Economics (WCERE), 2014
  • European Environmental and Resource Economics (EAERE2012), “Complete Extraction Costs and the Optimal Exploitation of Two Non-Renewable Polluting Resources” 2012
  • Financial Management Association (FMA),“Infrastructure: Real Assets and Real Returns”, 2012
  • The European Winter Finance Summit (EWFS), “Strategic IPOs and Product Market Competition “, 2011
  • The European Winter Finance Summit (EWFS), “Hedging Policies, Incentives and Market Power”, 2010
Consulting Service
  • United Nations Development Program (UNDP)
  • United Nations Industrial Development Organization (UNIDO)
  • International Institute for Applied Systems Analysis (IIASA)
  • Various individual projects related to investment evaluation, and financial and economic policies (especially in resource-rich economies)
Honors & Awards

Semi-Finalist, Best Paper Award in Investment Category, Financial Management Association (FMA), 2012 

Appointments
  • Assistant Professor of Finance, Howe School of Technology Management, 2013-

 

Grants, Contracts & Funds
  • USDA, EverGreen Project, Co-Investigator, 2016
  • Howe School Alliance for Technology Management (HSATM) Grant, 2013
  • MIT/BP Biofuels Grant, Co-Developer of the Grant Proposal, 2012
  • Full Scholarship, Vienna Graduate School of Finance, 2007-2011
  • Full Scholarship, Institute for Advanced Studies (IHS), 2005-2007
Courses
  • MGT 700 Econometrics
  • MGT 801 Special Problems in Mangement (PhD)
  • BT 321 Corporate Finance
  • QF 401 Senior Design Research Projects in Quantitative Finance I
  • QF 402 Senior Design Research Projects in Quantitative Finance II
  • FIN 620 Financial Econometrics