Lloyd Dixon

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Senior Economist
Santa Monica Office

Education

Ph.D. in economics, University of California, Berkeley; B.A. in political science, B.S. in general engineering, Stanford University

Overview

Biography

Lloyd Dixon is a senior economist at the RAND Corporation with expertise on insurance, compensation, and liability issues. He has also been lead investigator of a number of studies addressing environmental and natural resource issues. Recent studies include analysis of the wind and flood insurance markets, asbestos litigation, the California workers' compensation insurance market, and the contribution of hedge funds to systemic financial risk.

Dixon received his B.S. in general engineering and B.A. in political science from Stanford University and his Ph.D. in economics from the University of California, Berkeley.

Research Focus

Previous Positions

Research Director, RAND Center for Terrorism Risk Management Policy; Research Director, RAND Institute for Civil Justice

Recent Projects

  • The California workers' compensation insurance market
  • The federal terrorism risk insurance program
  • Assessment of the commercial wind insurance market in the Gulf States following Hurricane Katrina
  • Examination of the abuse of expert evidence in silica litigation
  • Compensation for losses following the 9/11 attacks

Selected Publications

Lloyd Dixon, Paul Sorensen, Martin Wachs, Myles Collins, Mark Hanson, Aaron Kofner, Thomas Light, Michael Madsen, Lindell Marsh, Adrian Overton, Howard Shatz, Brian Weatherford, Balancing Environment and Development: Costs, Revenues, and Benefits of the Western Riverside County Multiple Species Habitat Conservation Plan, RAND Corporation (MG-816), 2008

Lloyd Dixon, James W. Macdonald, and Julie Zissimopoulos, Commercial Wind Insurance in the Gulf States: Developments Since Hurricane Katrina and Challenges Moving Forward, RAND Corporation (OP-190), 2007

Lloyd Dixon, Robert Lempert, Tom LaTourrette, Robert Reville, The Federal Role in Terrorism Insurance: Evaluating Alternatives in an Uncertain World, RAND Corporation, RAND Corporation (MG-679), 2007

Lloyd Dixon and Rachel Kaganoff Stern, Compensation for Losses from the 9/11 Attacks, RAND Corporation (MG-264), 2006

Lloyd Dixon et al., The National Flood Insurance Program's Market Penetration Rate: Estimates and Policy Implications, RAND Corporation (TR-300), 2006

Lloyd Dixon and Rachel Kaganoff Stern, Compensation for Losses From the 9/11 Terrorist Attacks, RAND Corporation (MG-264), 2004

Lloyd Dixon and Brian Gill, "Changes in the Standards for Admitting Expert Evidence in Civil Cases Since the Daubert Decision," Psychology, Public Policy, and Law, 8(3):251-308, 2002

Lloyd Dixon et al., Driving Emissions to Zero: Are the Benefits of California's Zero Emission Vehicle Program Worth the Costs? RAND Corporation (MR-1578), 2002

Recent Media Appearances

Interviews: Associated Press; Atlanta Business Chronicle; BestWire; Chicago Tribune; CNN/Money.com; Hearst Newspapers; Insurance Journal; New York Times; Wall Street Journal

Publications

Making Good Decisions Without Predictions: Robust Decision Making for Planning Under Deep Uncertainty - 2013

Do Hedge Funds Pose a Systemic Risk to the Economy? - 2012

Hedge Funds and Systemic Risk - 2012

Asbestos Bankruptcy Trusts and Tort Compensation - 2011

Bankruptcy Trusts, Asbestos Compensation, and the Courts - 2011

RAND Review: Vol. 35, No. 2, Summer 2011 - 2011

The Long Shadow of 9/11: America's Response to Terrorism - 2011

Asbestos Bankruptcy Trusts: An Overview of Trust Structure and Activity with Detailed Reports on the Largest Trusts - 2010

Call for Reform in the Residential Insurance Market after Hurricane Katrina - 2010

Improving the Performance of the California Workers' Compensation Insurance Market - 2010

Residential Insurance on the U.S. Gulf Coast in the Aftermath of Hurricane Katrina: A Framework for Evaluating Potential Reforms - 2010

California's Volatile Workers' Compensation Insurance Market: Problems and Recommendations for Change - 2009

Diagnostic Abuse in Silica Litigation - 2009

The Abuse of Medical Diagnostic Practices in Mass Litigation: The Case of Silica - 2009

Balancing Environment and Development: Costs, Revenues, and Benefits of the Western Riverside County Multiple Species Habitat Conservation Plan - 2008

Evaluating Alternatives for Renewing TRIA in an Uncertain World - 2008

Commercial Wind Insurance in the Gulf States: Developments Since Hurricane Katrina and Challenges Moving Forward - 2007

Economically Targeted Terrorism: A Review of the Literature and a Framework for Considering Defensive Approaches - 2007

Private Insurers Play a Limited, but Key, Role in Underwriting Residential Flood Insurance - 2007

The Federal Role in Terrorism Insurance: Evaluating Alternatives in an Uncertain World - 2007

The Lender-Placed Flood Insurance Market for Residential Properties - 2007

Trade-Offs Among Alternative Government Interventions in the Market for Terrorism Insurance: Interim Results - 2007

Evaluating National Flood Insurance - 2006

National Security and Private-Sector Risk Management for Terrorism - 2006

The Impact of Regulation and Litigation on Small Business and Entrepreneurship: An Overview - 2006

The National Flood Insurance Program’s Market Penetration Rate: Estimates and Policy Implications - 2006

An Assessment of Air Force Data on Contract Expenditures - 2005

More Accurate Transaction Data Are Needed to Improve Air Force Service Centers - 2005

National Security and Compensation Policy for Terrorism Losses - 2005

Oil Shale Development in the United States: Prospects and Policy Issues - 2005

The Impact of Extended Vehicle Emission Warranties on California’s Independent Repair Shops - 2005

Compensating the Victims of 9/11 - 2004

Compensation for Losses from the 9/11 Attacks - 2004

Gauging the Prospects of a U. S. Oil Shale Industry - 2004

How Would a ''Choice'' Auto Insurance Plan Affect the Insurance Costs and Compensation of Accident Victims? - 2004

Issues and Options for Government Intervention in the Market for Terrorism Insurance - 2004

RAND Review: Vol. 28, No. 3, Fall 2004 - 2004

Changes in the Standards for Admitting Expert Evidence - 2002

Driving Emissions to Zero: Are the Benefits of California's Zero Emission Vehicle Program Worth the Costs? - 2002

Final Assembly and Checkout Alternatives for the Joint Strike Fighter - 2002

RAND Review: Vol. 26, No. 2, Summer 2002 - 2002

RAND Review: Vol. 26, No. 3, Fall 2002 - 2002

The Implications of the September 11 Terrorist Attacks for California: A Collection of Issue Papers - 2002

Changes in the Standards for Admitting Expert Evidence in Federal Civil Cases Since the Daubert Decision - 2001

Fighting Air Pollution in Southern California by Scrapping Old Vehicles - 2001

Scrapping Old Vehicles Would Improve Southern California Air Quality at Reasonable Cost - 2001

The Effects of the Soledad Canyon Mine on the Aggregate Industry in the Greater Los Angeles Metropolitan Area - 2001

Releasing Small Firms from Superfund Liability: What Will It Cost? - 2000

The Financial Implications of Releasing Small Firms and Small-Volume Contributors from Superfund Liability - 2000

Building a New Vision for the Metropolitan Water District of Southern California: Options for Key Policy Decisions - 1998

The Impact of Water Supply Reductions on San Joaquin Valley Agriculture During the 1986-1992 Drought - 1998

California’s Ozone Reduction Strategy for Light-Duty Vehicles: An Economic Assessment - 1996

California’s Ozone-Reduction Strategy for Light-Duty Vehicles: Direct Costs, Direct Emission Effects, and Market Responses - 1996

Cleaning Up California’s Vehicles: Tuning the Policy Mix - 1996

Drought Management Policies and Economic Effects in Urban Areas of California, 1987-1992 - 1996

Economic Perspectives on Revising California’s Zero-Emission Vehicle Mandate - 1996

Making ZEV Policy Despite Uncertainty: An Annotated Briefing for the California Air Resources Board - 1996

The effects of benefit design and managed care on health care costs - 1996

Superfund Liability Reform: Implications for Transaction Costs and Site Cleanup - 1995

Fixing Superfund: Getting the Formula Right - 1994

Fixing Superfund: The Effect of the Proposed Superfund Reform Act of 1994 on Transaction Costs - 1994

Assessment of the Economic Impacts of California's Drought on Urban Areas: A Research Agenda - 1993

California's 1991 Drought Water Bank: Economic Impacts in the Selling Regions - 1993

Evaluation of the CHAMPUS Reform Initiative: Volume 3, Health Care Utilization and Costs - 1993

Private-Sector Cleanup Expenditures and Transaction Costs at 18 Superfund Sites - 1993

RAND Research on Superfund Transaction Costs: A Summary of Findings to Date - 1993

Superfund: The Private-Sector Experience - 1992

Superfund and Transaction Costs: The Experiences of Insurers and Very Large Industrial Firms - 1992

Superfund and Transaction Costs - The Experiences of Insurers and Very Large Industrial Firms - 1992

Utilization and Costs in the CHAMPUS Reform Initiative: Preliminary Results for April-September 1989 - 1991

Preliminary Results from an Evaluation of the CHAMPUS Reform Initiative - 1990