Dr. Parsons is a financial economist specializing in risk management, corporate finance and valuation. His current research focuses on the problems of risk in emissions markets—including the design of a US carbon market—risk in oil, natural gas and wholesale electricity markets, the role of trading operations in an energy company, and the valuation and financing of investments in energy markets. At MIT’s Sloan School, he teaches the finance elective Advanced Corporate Risk Management.
He holds a BA in Economics from Princeton University and a PhD in Economics from Northwestern University. He has taught on the finance faculty at MIT’s Sloan School of Management, the Zicklin School of Business at the City University of New York’s Baruch College and the Columbia Business School.
For ten years Dr. Parsons worked in the Finance Practice at the economics consulting firm CRA International, where he was a Vice-President and Principal. He worked with major international oil companies, mining companies and commodity processors, electric utilities and international pharmaceutical companies, among others on a wide variety of risk management and valuation matters.
Dr. Parsons’ employment history includes the following stages:
- MIT - Sloan School of Management
2012–present, Senior Lecturer, Head-MBA Finance Track, Executive Director of the Center for Energy and Environmental Policy Research.
2005-2012, Senior Lecturer, Executive Director of the Center for Energy and Environmental Policy Research, Executive Director of the Joint Program on the Science and Policy of Global Change.
- CRA International (formerly Charles River Associates)
1997–2005 Vice President
1995–1997 Principal, 1995 Senior Associate
- Columbia University
1993–1995 Visiting Assoc. Professor of Finance, Graduate School of Business
- City University of New York
1990–1993 Associate Professor of Finance, Baruch College
- Massachusetts Institute of Technology
1984–1990 Assistant Professor of Finance, Sloan School of Management
Dr. Parsons is Member of the American Economics Association, the American Finance Association and the International Association of Energy Economists. He is referee of the following journals: Journal of Finance, Journal of Financial Economics, RAND Journal of Economics, Energy Journal, Energy Policy, Environmental Science and Technology, Journal of Applied Corporate Finance, Economic Journal, Journal of Corporate Finance, and Journal of Development Economics. From 1998 to 2006 he was Member of the Board of Advisors, Applied Corporate Finance Program, School of Business, University of Wisconsin—Madison. From 2008 to 2009 he was Member of the Scientific Advisory Board of the E.ON Energy Research Center, RWTH, Aachen University, Aachen, Germany. As of 2009 he was also Member of the Ad Hoc Expert Group in re the NEA/IEA 7th report on 'Projected Cost of Generating Electricity'. Dr. Parsons took part of more than forty research programs and publications.