My current research focuses on uncertainty and asymmetric information, especially as they relate to public policy: how individuals perceive and process information, whether and how public consensus is reached, and how policies and institutions can either alleviate or aggravate inefficiencies.

Research interests

Industrial organization
Asymmetric information and uncertainty
Behavioral economics
Heterodox economics
Law and economics
The economics of networks and high-technology markets

Working papers

“Scientific Consensus: The Process and its Implication for the Masses”

“Consensus: A Comparative Study”

“Misperceptions of Risk and Insurance” (with Leslie Blanke and Hilal Yilmaz)

“Ideologically Motivated Reasoning and Polarization”

“Subjectivity in Economics”

“Standards Wars and Product Differentiation”


Clements, Matthew T., “Public versus Private Information Provision,” Economic Papers, 33 (2014), 391-399.

Clements, Matthew T., “Shock and Awe: the Effects of Disinformation in Military Confrontation,” Policy Studies, 35 (2014), 211-220.

Clements, Matthew T., “Self-interest vs. Greed and the Limitations of the Invisible Hand,” American Journal of Economics and Sociology, 72 (2013), 949-965.

Clements, Matthew T., “Curbing the Dangers of High-Frequency Trading,” Economists’ Voice, 9 (2012), Art. 3.

Clements, Matthew T., “Low Quality as a Signal of High Quality,” Economics, 5 (2011), Art. 5.

Clements, Matthew T., “Market Intervention, for Better or for Worse: Gasoline Taxes and Agricultural Subsidies,” Perspectives in Business, 6 (2009), 27-33.

Basso, Leonardo J., Matthew T. Clements, and Thomas W. Ross, “Moral Hazard and Customer Loyalty Programs,” American Economic Journal: Microeconomics, 1 (2009), 101-23.

Clements, Matthew T., and Hiroshi Ohashi, “Indirect Network Effects and the Product Cycle: Video Games in the U.S., 1994-2002,” Journal of Industrial Economics, 53 (2005), 515-542 (with unpublished appendix).

Clements, Matthew T., “Inefficient Standard Adoption: Inertia and Momentum Revisited,” Economic Inquiry, 43 (2005), 507-518.

Clements, Matthew T., “Direct and Indirect Network Effects: Are They Equivalent?International Journal of Industrial Organization, 22 (2004), 633-645.

Clements, Matthew T., “Precautionary Incentives for Privately Informed Victims,” International Review of Law and Economics, 23 (2003), 237-251.

Clements, Matthew T., “System Components, Network Effects, and Bundling,” Topics in Economic Analysis and Policy, 2 (2002), Iss. 1, Art. 7.