Michael Kennedy

Photo of Michael Kennedy
Senior Economist; Professor, Pardee RAND Graduate School
Santa Monica Office


Ph.D. and M.A. in economics, Harvard University; B.A. in economics, University of Michigan


Michael Kennedy is a senior economist who has been with RAND since 1977. He is also a professor at the Pardee RAND Graduate School. Kennedy has served as the Project AIR FORCE (PAF) Program Director for Resource Management and System Acquisition and as Associate Program Director for Aerospace Force Development. In his current position, he addresses issues of recruitment and professional development of the PAF research staff. His recent research has included analyses of new U.S. Air Force unmanned aerial systems, and cargo, aerial refueling, attack, and intelligence, surveillance, and reconnaissance aircraft. Kennedy holds a Ph.D. (1974) in economics from Harvard University.

Recent Projects

  • Replacement policy for U.S. Air Force aircraft
  • Costs of airline security
  • Reducing the costs of military aircraft

Selected Publications

Anthony Rosello, et. al., Assessing the Cost-Effectiveness of Modernizing the KC-10 to Meet Global Air Traffic Management Mandates, RAND Corporation (MG-901-AF), 2009

Michael Kennedy et al., Analysis of Alternatives (AoA) for KC-135 Recapitalization: Executive Summary, RAND Corporation (MG-495-AF), 2006

Rosalind Lewis et al., Building a Multinational Global Navigation Satellite System: An Initial Look, RAND Corporation (MG-284-AF), 2006

Russell Shaver and Michael Kennedy, The Benefits of Positive Passenger Profiling on Baggage Screening Requirements, RAND Corporation (DB-411-RC), 2005

Russell Shaver et al., How Much Is Enough? Sizing the Deployment of Baggage Screening Equipment by Considering the Economic Cost of Passenger Delays, RAND Corporation (DB-410-RC), 2004