Faculty Publications

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

• "Opening (and Closing) Doors: Country Specific Shocks in U.S. Doctorate Education," with John Bound and Sarah Turner, Doctoral Education and the Faculty of the Future, edited by R.Ehrenberg and C. Kuhn, forthcoming.
• "Production and Gains from Trade." with L. Anderson, K. Chaston, C. Holt, L.
  Razzolini, and R. Singleton, Perspectives in Economic Education Research, Spring 2008, 4(1).
• "Foreign Direct Investment, Endogenous Tariffs, and Preferential Trade Agreements,"
  The B.E. Journal of Economic Analysis & Policy, November 2007,7(1) [Advances]
• "Testing Subgame Perfection Apart From Fairness in Ultimatum Games." with J.
  Andreoni, Experimental Economics,December 2006, 9(4) pp.307-321 (lead article);

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

Associate 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);

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

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.

Eric VanWincoop

Professor (Ph.D., Harvard)
Research Interests: Open economy macro economics

• "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.