Selected Faculty Publications

To see current working papers (downloadable) click here.

Simon Anderson
Professor (Ph.D., Queen's University)
Research Interests: Advertising, search and information, price dispersion, bounded rationality.

Discrete Choice Theory of Product Differentiation, (with A. de Palma and J.F.Thisse), MIT Press, 1992;

"Oligopolistic Competition and the Optimal Provision of Products," (with A. de Palma and Y. Nesterov), Econometrica, 63(6), 1281-1301, 1995;

"Rent Seeking with Bounded Rationality: An Analysis of the All-Pay Auction," (with J. Goeree and C. Holt), Journal of Political Economy, 106(4), 828-853, 1998;

"Market Provision of Broadcasting: A Welfare Analysis" (with Stephen Coate), Review of Economic Studies, 72(4), 947-972, 2005;

"Advertising Content" (with Regis Renault), American Economic Review, 96(1), 93-113, 2006

Emily Blanchard
Assistant Professor (Ph.D., University of Wisconsin)
Research Interests: International trade and investment, economic globalization,
political economy, experimental economics

"Testing Subgame Perfection Apart from Fairness in Ultimatum Games," 
(with  J. Andreoni), Experimental Economics, forthcoming.

Kenneth G. Elzinga
Robert C. Taylor Professor (Ph.D., University of Wisconsin)
Research Interests: Antitrust economics; religion and economics

"The Beer Industry," in Walter Adams and James Brock (eds.) The Structure of American Industry,11th ed. (Upper Saddle River, New Jersey: Prentice Hall, 2005);

“The Supreme Court and Beer Mergers: From /Pabst/Blatz/ to the DOJ-FTC Merger Guidelines,” (w/ Anthony W. Swisher) ,"Review of Industrial Organization, 245 (2005);

“Price Competition and Slotting Allowances,” (w/ Peter Bronsteen and David E. Mills) in The Antitrust Bulletin, 267 (Summer, 2005).


“The Economics of Resale Price Maintenance,” (w/ David E. Mills) in Issues in Competition Law and Policy,
(American Bar Association, Antitrust Section, Wayne D. Collins, ed.) forthcoming.

Maxim Engers
Professor (Ph.D., U.C.L.A)
Research Interests: Economics of information, applied game theory

"Producer Surplus", (with Simon Anderson) International Encyclopedia of the Social Sciences (2nd edition), forthcoming;

"Charity Auctions," (with Brian McManus), International Economic Review, Vol. 48, August 2007; 

"Participation games: Market entry, coordination, and the beautiful blonde," (with Simon Anderson),  Journal of Economic Behavior and Organization, Vol. 63, May 2007;  

"R&D Policy with International Spillovers," (with Shannon Mitchell), European Economic Review, Vol. 50, October 2006.

Leora Friedberg
Assistant Professor (Ph.D., MIT)
Research Interests: Public economics, labor economics

"The Social Security Earnings Test and the Labor Supply of Older Men," Tax Policy and the Economy, Volume 12, National Bureau of Economic Research, 1998;

"Did Unilateral Divorce Raise Divorce Rates? Evidence from Panel Data," American Economic Review, Volume 88 (3), 608-627, June 1998;

"The Effect of Old Age Assistance on Retirement," Journal of Public Economics, Volume 71 (2), 213-232, February 1999;

"The Labor Supply Effects of the Social Security Earnings Test," The Review of Economics and Statistics, Volume 82 (1), 48-63, February 2000.

Charles A. Holt
Merrill Bankard Professor (Ph.D., Carnegie-Mellon)
Research Interests: Experimental economics, mathematical economics

Experimental Economics, (with D. Davis), Princeton U. Press, 1993;

"Ten Little Treasures of Game Theory and Ten Intuitive Contradictions", (with J. Goeree), American Economic Review, December 2001;

"Anomalous Behavior in a Traveler's Dilemma?," (with M. Capra, J. Goeree, and R. Gomez), American Economic Review, June 1999;

"Stochastic Game Theory: For Playing Games, Not Just for Doing Theory," (with J. Goeree), Proceedings of the National Academy of Science, July 1999

Sanjay Jain
Assistant Professor (Ph.D., Princeton)
Research Interests: Development economics,
political economy, applied microeconomic theory

"Symbiosis versus Crowding-out: The Interaction of Formal and Informal Credit Markets in Developing Countries," Journal of Development Economics, 59(2), 419-444, August 1999;

"Redistributive Promises and the Adoption of Economic Reform," (with Sharun Mukand); American Economic Review, 93(1), 256-264, March 2003;

"A Little at a Time: The Use of Regularly Scheduled Repayments in Microfinance Programs," (with Ghazala Mansuri), Journal of Development Economics,Journal of Development Economics , October 2003, 72(1), 253-279;

“Quality Dualism and the Informal Sector”, (with Arup Banerji, World Bank).  Journal of Development Economics, forthcoming.

John James
Professor (Ph.D., MIT)
Research Interests:Economic history

"Economic Instability in 19th Century America," American Economic Review, 1993;

"Job Tenure in the Gilded Age," The Historical Evolution of Labor Markets, 1994;

Capitalism in Context, ed., University of Chicago Press, 1994;

"Reconstructing the Pattern of American Unemployment Before World War I," Economica, 1995;

"The Risk and Fall of the Commercial Paper Market, 1900-1930," Anglo-American Finance: Financial Markets and Institutions in the 20th Century.

William R. Johnson
Professor (Ph.D., MIT)
Research Interests: Distributional effects of public higher education subsidies; black-white wage
differences; economics of information

"A Theory of Job Shopping", Quarterly Journal of Economics, May, 1978.;

"The Trade-off between Equality and Efficiency," (with Edgar Browning), Journal of Political Economy, April, 1984;

"The Economics of Copying," Journal of Political Economy, February, 1985;

"Labor Supply and Marital Separation," (with Jon Skinner), American Economic Review, June, 1986;

"Income Redistribution in a Federal System," American Economic Review, June, 1988;

"The Role of Pre-Market Factors in the Black-White Wage Gap," (with Derek Neal), Journal of Political Economy, October, 1996.

John Mclaren
Professor (Ph.D., Princeton)
Research Interests: International trade, political economy, industrial organization,economic development, effects of economic globalization.

"Size, Sunk Costs and Judge Bowker's Objection to Free Trade," American Economic Review, 87:3, 400-20, June 1997;

"Supplier Relations and the Market Context: A Theory of Handshakes," Journal of International Economics,48-1, 121-38, June 1999;

"Speculation on Primary Commodities: the Effects of Restricted Entry," Review of Economic Studies, 853-71, November 1999;

"'Globalization' and Vertical Structure," American Economic Review, 90:5, December 2000;

"A Theory of Insidious Regionalism," Quarterly Journal of Economics, CXVII, 571-608, May 2002.

Ronald Michener
Associate Professor (Ph.D., Chicago)
Research Interests: Colonial monetary history, monetary theory,economic history

"Fixed Exchange Rates and the Quantity Theory in Colonial America," Carnegie-Rochester Conferences Volume, 1987;

"The Political Economy of Insider Trading Laws," with C.Tighe, Papers and Proceedings of the American Economic Associations, 1994;

"Inflation, Expectations, and Output: Lucas's Island Revisited," Journal of Macroeconomics 20, 767-83, Fall 1998;

"State 'Currencies' and the Transition to the U.S. Dollar: Clarifying some Confusions." , R. Michener and R. Wright, American Economic Review, 682-703, June 2005;

"Development of the US monetary union," R. Michener and R. Wright, Financial History Review, vol. 13:1, 19-41, 2006

Amalia Miller
Assistant Professor (Ph.D., Stanford)
Research Interests: Public Finance, Labor Economics, Economics of the Family, Health Economics

"The Impact of Midwifery-Promoting Public Policies on Medical Interventions and Health Outcomes", Advances in Economic Analysis & Policy; 6, 1, Article 6, 2006

David Mills
Professor (Ph.D., Stanford)
Research Interests: Pricing Strategies, technological competition;vertical relationships, anti-trust policy; urban land use policy.

Growth, Speculation and Sprawl in a Monocentric City," The Journal of Urban Economics 10, 201-226, 1981;

"Industry Structure with Fluctuating Demand," (with Laurence Schumann), American Economic Review 75, 758-767, 1985;

"Capacity Expansion and the Size of Plants," The Rand Journal of Economics 21, 555-566, 1990;

"Why Retailers Sell Private Labels," Journal of Economics and Management Strategy 4, 509-528, 1995;

"Price Wars Triggered by Entry," (with Kenneth G. Elzinga), International Journal of Industrial Organization 17, 179-198, 1999;

"Independent Service Organizations and Economic Efficiency," (with Kenneth G. Elzinga), Economic Inquiry 39, 549-560, 2001.

Leonard Mirman
Paul Goodloe McIntire Professor (Ph.D., Rochester)
Research Interests: Mathematical Economics

"The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution," (with D. Levhari), The Bell Journal of Economics, 1980;

"Supportability, Sustainability, and Subsidy-Free Prices," (with Y. Tauman and I. Zang), Rand Journal of Economics, 1985;

"Dupoly Signal Jamming," (with L. Samuelson and A. Urbano), Journal of Economic Theory, 1992;

"Strategic Information Manipulation in Duopolies," (with L. Samuelson and E. Schlee), Journal of Economic Theory, 1992.

Edgar Olsen
Professor (Ph.D., Rice)
Research Interests: Housing markets and policies, welfare policies.

"A Normative Theory of Transfers," Public Choice, VI , 39-58, Spring 1969;

"An Econometric Analysis of Rent Control," Journal of Political Economy, LXXX , 1081-1100, Nov./Dec. 1972;

"The Benefits and Costs of Public Housing in New York City" (with David Barton), Journal of Public Economics, XX, 299-332, April 1983;

"The Demand and Supply of Housing Services: A Critical Survey of the Empirical Literature" in Handbook in Urban Economics, ed., Edwin S. Mills, Amsterdam: North-Holland, 1987;

"The Welfare Economics of Equal Access," (with Diane Lim Rogers), Journal of Public Economics, XLV, 91-105, June 1991;

“Subsidized Housing, Emergency Shelters, and Homelessness: An Empirical Investigation Using Data from the 1990 Census” (with Dirk Early), Advances in Economic Analysis & Policy, 2 (2002), 1-34;

“Are Section 8 Housing Subsidies Too High?” (with Amy Crews Cutts), Journal of Housing Economics, 11 (September 2002), 214-243;

“Housing Programs for Low-Income Households” in Means-Tested Transfer Programs in the United States, ed., Robert Moffitt, National Bureau of Economic Research (Chicago: University of Chicago Press, 2003);

“Achieving Fundamental Housing Policy Reform,” in Promoting the General Welfare:  American Democracy and the Political Economy of Government Performance, edited by Alan Gerber and Eric Patashnik (Washington, DC: Brookings Institution, 2006);\

"Low-Income Housing Policy," New Palgrave Dictionary of Economics, Second Edition, London:Macmillan, forthcoming.

Christopher Otrok
Associate Professor (Ph.D., Iowa)
Research Interests: Macroeconomics, asset pricing, time series econometrics

"Understanding the Evolution of International Business Cycles", Journal of International Economics, fourthcoming, (with M. Ayhan Kose and Charles H. Whitman)

"A Generalized Volatility Bound for Dynamic Economies"  Journal of Monetary Economics, November 2007, vol. 54, Issue 8 (with B. Ravikumar and Charles H. Whiteman);

“99 Luftballons: Monetary Policy and the House Price Boom Across U.S. States,” Journal of Monetary Economics, October 2007, Vol. 54, Issue 7, (with Marco Del Negro);

“International Business Cycles: World, Region and Country Specific Factors,” American Economic Review, Vol. 93, No. 4, September 2003, p1216-1239.(with M. Ayhan Kose and Charles H. Whiteman);

“Habit Formation: A Resolution of The Equity Premium Puzzle?”  Journal of Monetary Economics, September 2002 Vol 49:1261-1288 (with B. Ravikumar and Charles H. Whiteman);

“The Hansen-Jagannathan Bound as an Evaluation Device: A Monte Carlo Investigation,” Journal of Applied Econometrics, March/April 2002 Vol 17:149-174  (with B. Ravikumar and Charles H. Whiteman);

“On Measuring the Welfare Cost of Business Cycles,” Journal of Monetary Economics, February 2001, Vol 47:61-92;

“Spectral Welfare Cost Functions,” International Economic Review, May 2001, Vol 42:345-367;

“Bayesian Leading Indicators: Measuring and Predicting Economic Conditions in Iowa,” International Economic Review, November 1998, Vol 39:4, (with Charles H. Whiteman);

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John Pepper
Associate Professor (Ph.D., Wisconsin)
Research Interests: Social program evaluation, econometrics, public economics

"Monotone Instrumental Variables: With an Application to the Returns to Schooling," (with Charles Manski), Econometrica, 68(4), 997-1010, 2000;

"The Intergenerational Transmission of Welfare Receipt: A Nonparametric Bounds Analysis," The Review of Economics and Statistics, 82(3), 472-88, 2000;

“Monotone Instrumental Variables: With an Application to the Returns to Schooling,” (with Charles Manski), Econometrica, 68(4), 997-1010, 2000;

"Teenage Childbearing and Cognitive Development," (with Michael J. Brien and Gregory Loya), Journal of Population Economics, 15(3), 391-416, 2002;

“Using Experiments to Evaluate Performance Standards: What Do Welfare-to-Work Demonstrations Reveal to Welfare Reformers?” Journal of Human Resources, 38,(4), 860-80, 2003;
 
 “The Intergenerational Transmission of Welfare Receipt:  A Nonparametric Bounds Analysis,” The Review of Economics and Statistics, 82(3), 472-88, 2000 ;
                      
“The Effects of Alcohol Prohibitions on Illicit Drug Related Crimes,” (with Michael Conlin and Stacy Dickert-Conlin), Journal of Law and Economics, 215-234, 2005;

“Disability and Employment:  Reevaluating the Evidence in Light of Misreporting Errors,” (with Brent Kreider), Journal of the American Statistical Association, forthcoming.

Bruce Reynolds
Professor, General Faculty (Ph.D., Michigan)
Research Interests: Inequality, development and institutional change in transition economies

"Economic Reform and External Imbalance in China, 1978-1981", American Economic Review, 73,2, May 1983;

"Trade, Employment, and Inequality in Post-reform China", Journal of Comparative Economics 11,3, September 1987;

"Choosing a Strategy for China's Economic Reform", (with Jinglian Wu), American Economic Review 78:2, May 1988;

Chinese Economic Reform: How Far, How Fast? (ed.), London: Academic Press, 1988;

"Urban Housing Reform in China," in Gang Yi (ed.), China's Transition to the Market, New York: Oxford University Press, 1995

"Rice, Culture and Growth in East Asia: Testing for a Linkage between Effort and Tenurial Relations in Agriculture", in K. Lieberthal et al (eds.), Constructing China: The Interaction of Culture and Economics, Ann Arbor: University of Michigan Press, 1997;

"Household Credit in China: Lessons from Abroad", Madison: University of Wisconsin Press, 2005

Mary Stegmaier
Assistant Dean and Lecturer (Ph.D., Iowa)
Research Interests: Elections, Voting Behavior, East European/Russian Politics, Gender Issues


"Economic Determinants of Electoral Outcomes," (with Michael S. Lewis-Beck), Annual Review of Political Science, 3:183-219, 2000.

"A Comparison of National Effects on Individual U.S. Senate Elections," (with Scott Lasley), Politics and Policy, 29:545-567, 2001.

"Post-Socialist Democratization: A Comparative Political Economy Model of the Vote for Hungary and Nicaragua," (with Michael S. Lewis-Beck and Leslie Anderson), Electoral Studies, 22: 469-484, 2003.

"Gender and Generation Gaps in Russian Economic Values During the Yeltsin Years."  (with Gwyn Erb), Politics and Policy, 33:416-43, 2005.

Steven Stern
Professor (Ph.D., Yale)
Research Interests: Labor economics; cross-section econometrics; economics of aging and disability


"Measuring the Effect of Disability on Labor Force Participation," Journal of Human Resources , 24(3): 361-395, 1989;

"Job Exit Behavior of Older Men," (with James Berkovec), Econometrica, 59(1): 189-210, 1991;

"A Method for Smoothing Simulated Moments of Discrete Probabilities in Multinomial Probit Models," Econometrica, 60(4): 943-952, 1992;

"Estimating Family Long-Term Care Decisions in the Presence of Endogenous Child Characteristics," Journal of Human Resources,30(3): 551-580, 1995;

"Semiparametric Estimates of the Supply and Demand Effects of Disability on Labor Force Participation," Journal of Econometrics, 71(1-2):49-70, 1996;

"Long-term Care and Family Bargaining," (with Maxim Engers), International Economic Review, 43(1):73-114, 2002;

"Shared Caregiving Responsibilities of Adult Siblings with Elderly Parents," (with Tennille Checkovich), Journal of Human Resources, 37(3):441-478, 2002;

"Survival Model of Community Tenure for the Seriously Mentally Ill: A Ten Year Perspective," with Frederick Holt and Elizabeth Merwin , Health Services and Outcomes Research., 2:117-135, May 2002;

"Shared Caregiving Responsibilities of Adult Siblings with Elderly Parents," with Tennille Checkovich, Journal of Human Resources, 37(3):441-478, summer 2002;

"Estimating Disabled People's Demand for Specialized Transportation", with Peter Bearse, Shiferaw Gurmu and Carol Rapaport, Transportation Research, 38(9): 809-831, November 2004;

"Cohabitation, Marriage and Divorce in a Model of Match Quality," with Michael Brien and Lee Lillard, International Economic Review, 47(2), May 2006.

Sarah Turner
Associate Professor of Education & Economics (Ph.D., Michigan)
Research Interests: Economics of education, labor economics, public finance

"Back to School: Federal Student Aid Policy and Adult College Enrollment," (with N. Seftor), Journal of Human Resources, 2002;

Going to War and Going to College: Did the G.I. Bill Increase Educational Attainment," (with J. Bound), Journal of Labor Economics (4), 2002

"Trade in University Training: Cross State Variation in the Production and Use of College Educated Labor," (with Bound, Groen, & Kezdi), Journal of Econometrics, Vol. 121 , 2004

"Closing the Gap or Widening the Divide: The Effects of the G.I. Bill and World War II on the Educational Outcomes of Black Americans",(with John Bound), Journal of Economic History, Vol. 63, No. 1 (March) [NBER Working Paper No. 9044], 2003.

"Race, Income and College in 25 Years: Evaluating Justice O'Connor's Conjecture" (with Alan Krueger and Jesse Rothstein), American Law and Economics Review, 2006.

"Opportunities for Low Income Students at Top Colleges and Universities: Policy Initiatives and the Distribution of Students" (with Amanda Pallais), National Tax Journal, LIX (2): 357-386, 2006.

"Cohort Crowding: How Resources Affect Collegiate Attainment" (with John Bound), Journal of Public Economics [NBER Working Paper No. 12424], forthcoming.

"Growth Uncertainty and Risksharing," (with Stefano Athanasoulis), Journal of Monetary Economics, 45, 477-505, 2000;

"Does Exchange Rate Stability Increase Trade and Welfare?," (with Philippe Bacchetta), American Economic Review, 90:5, 1093-1109, 2000;

Intranational Macroeconomics, (co-edited with Gregory Hess), Cambridge University Press, 2000;

"Gravity with Gravitas: A Solution to the Border Puzzle," (with Jim Anderson), American Economic Review, forthcoming.