Professor Joel P. Clark’s research involves analysis of the relationship between technology and economics in materials industries. The long-term objectives of this research are twofold. The first is to establish a comprehensive and consistent framework for analyzing the markets for minerals in the future and the costs of supplying these markets. The second objective is to apply this framework to the study of the dynamic behavior of supply, demand, and prices in specific materials markets. Professor Clark aims to create a framework that can answer questions such as, How will the future costs and properties of new materials affect the competitive positions of existing materials industries? How will they impact end-use markets? What would be the likely supply and demand responses in the event of significant supply or price disruptions and cartel actions?