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Faculty Publications
Recent Publications
| Aura, Saku | "Costs of Living for US Veterinarians in Food Animal Practice Compared to other Practice Categories and the Effect on Adjusted Income" (With Tyler & Shulz), The Bovine Practitioner, 2010 |
| "What's in a Name?" (with G. Hess), Economic Inquiry, 2010 | |
| "Supply Constraints and Housing Prices"(with T. Davidoff), Economics Letters, 2008 | |
| "Does the Balance of Power within a Family Matter? The Case of the Retirement Equity Act," Journal of Public Economics, 2005 | |
| Basker, Emek | "Does Wal-Mart Sell Inferior Goods?", Economic Inquiry, 2011 |
| "Imports "R" Us: Retail Chains as Platforms for Developing-Country Imports," ( with P. Van), American Economic Review Papers & Proceedings, 2010 | |
| "Economics of Wal-Mart," Palgrave Dictionary of Economics Online, 2009 | |
| "The Evolving Food Chain: Competitive Effects of Wal-Mart's Entry into the Supermarket Industry," (with M. Noel), Journal of Economics and Management Strategy, 2009 | |
| "The Causes and Consequences of Wal-Mart's Growth," Journal of Economic Perspectives, 2007. | |
| "'Twas Four Weeks before Christmas: Retail Sales and the Length of the Christmas Shopping Season," Economics Letters, 2005 | |
| "Selling a Cheaper Mousetrap: Wal-Mart's Effect on Retail Prices," Journal of Urban Economics, 2005 | |
| "Job Creation or Destruction? Labor-Market Effects of Wal-Mart Expansion," Review of Economics and Statistics, 2005 | |
| Gu, Chao | "Noisy Sunspots and Bank Runs," Macroeconomic Dynamics, 2011 |
| "Herding and Bank Runs," Journal of Economic Theory, 2011 | |
| "Production, Hidden Action, and the Payment System," (with M. Guzman & J. Haslag), Journal of Monetary Economics, 2011 | |
| Harstad, Ron | "Auctioning the Right to Choose When Competition Persist," Decision Analysis, special issue, forthcoming |
| "Information Variability Impacts in Auctions," (with Jia & Rothkopf), Decision Analysis, special issue, forthcoming | |
| "Relevance to Practice and Auction Theory: A Memorial Essay for Michael Rothkopf," (with Pekec), Interfaces, 2008 | |
| "Does a Seller Really Want Another Bidder?", AER Bulletin, 2008 | |
| "Information Aggregation in Auctions with an Unknown Number of Bidders" (with I. Tsetlin and A. Pekec), Games and Economic Behavior, 2008 | |
| "The Economic Impact of the U of Missouri System" (with J. Haslag), Office of the President, University of Missouri, 2008 | |
| Current & Classic Readings for Microeconomic Literacy (with S. Ryan, eds.). 2007 | |
| "Ex-post Full Surplus Extraction, Straightforwardly" (with V. Mares), Economic Theory, 2007 | |
| Haslag, Joe | "Production, Hidden Action, and the Payment System," (with C. Gu & M. Guzman), Journal of Monetary Economics, 2011 |
| "Optimal Monetary Policy and Economic Growth,"(with J. Bhattacharya and A. Martin), European Economic Review, 2009 | |
| "Why Does Overnight Liquidity Cost More Than Intraday Liquidity," (with J. Bhattacharya and A .Martin), Journal of Economic Dynamics and Control, 2009 | |
| "Who is Afraid of the Friedman Rule?" (with J. Bhattacharya, A. Martin and R. Singh), Economic Inquiry, 2009 | |
| "Understanding the Cost Differences Between Intraday and Overnight Liquidity," (with J. Bhattacharya and A. Martin), Journal of Financial Transformation, 2008 | |
| "On the Determinants of Optimal Border Enforcement" (with M. Guzman and P. Orrenius), Economic Theory, 2008 | |
| "On Money and Output: Is Money Redunant" (with R. Hafer and G. Jones), Journal of Monetary Economics, 2007 | |
| "Optimality of the Friedman Rule in an Overlapping Generations Model with Spatial Separation" (with A. Martin), Journal of Money, Credit, and Banking, 2007 | |
| "The Role of Money in Two Alternative Models: When is the Friedman Rule Optimal and Why?" (with J. Bhattacharya and S. Russell), Journal of Monetary Economics, 2006 | |
| "Suboptimality of the Friedman Rule in Townsend's Tunrpike and Stochastic Relocation Models: Do Finite Lives and Initial Dates Matter?" (with J. Bhattacharya and A. Martin), Journal of Economic Dynamics and Control, 2006 | |
| "Crony Capitalism and Financial System Stability" (with R. Pecchenino), Economic Inquiry, 2005 | |
| "Heterogeneity, Redistribution and the Friedman Rule" (with J. Bhattacharya and A. Martin), International Economic Review, 2005 | |
| "The Non-monotonic Relationship Between Senior Age and Inequality" (with J. Bhattacharya and H. Bunzel), Canadian Journal of Economics, 2005 | |
| Koedel, Cory | "Higher Education Structure and Education Outcomes: Evidence from the United States" Education Economics, forthcoming |
| "The Relative Performance of Head Start" ( with T. Techapaisarnjaroenkit), Eastern Economic Journal, forthcoming | |
| "Grading Standards in Education Departments at Universities" Education Policy Analysis Archives, 2011 | |
| "Education School Grades and Selection into Teaching" Teachers College Record, 2011 | |
| "Grade Inflation for Education Majors and Low Standards for Teachers: When Everyone Makes the Grade. American Enterprise Institute for Public Policy Research" Education Outlook, 2011 | |
| "Does Student Sorting Invalidate Value-Added Models of Teacher Effectiveness? An Extended Analysis of the Rothstein Critique." (with J. Betts) Education Finance and Policy. 2011 |
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| "Lessons in Reading Reform: Finding What Works," (with Betts & Zau), PPIC Policy Report, 2010 | |
| "Value-Added to What? How a Ceiling in the Testing Instrument Influences Value-Added Estimation," (with J. Betts) Education Finance and Policy, 2010. | |
| "An Empirical Analysis of Teacher Spillover Effects in Secondary School," Economics of Education Review 2009. | |
| "The Integrating and Segregating Effects of School Choice," (with J. Betts, L. Rice and A. Zau), Peabody Journal of Education, 2009 | |
| "Test-Score Ceiling Effects and Value-Added Measures of School Quality," (with J. Betts), JSM Proceedings, Social Statistics Section. Alexandria, VA: American Statistical Association, 2008 | |
| "Teacher Quality and Dropout Outcomes in a Large, Urban School District," Journal of Urban Economics, 2008. | |
| "Does School Choice Work? Effects on Student Integration and Achievement," (with J. Betts, L. Rice, A. Zau and Y. E. Tang), San Francisco, Public Policy Institute of California, 2006. | |
| Loginova, Oksana | "Customization with Vertically Differentiated Products'' (with X. Henry Wang), Journal of Economics and Management Strategy, 2011 |
| "Brand Familiarity and Product Knowledge in Customization," International Journal of Economic Theory, 2010 | |
| "Customization: Ideal Varieties, Product Uniqueness and Price Competition,'' (with X. Henry Wang), Economics Bulletin, 2009 | |
| “Incentive Schemes in Peer-to-Peer Networks,” (with X.H. Wang), The B.E. Journal of Theoretical Economics, 2009 | |
| "Exposure Order Effects and Advertising Competition," Journal of Economic Behavior and Organizations, 2009 | |
| "Real and Virtual Competition," Journal of Industrial Economics 2009 | |
| “Price Experimentation with Strategic Buyers” (with C. Taylor), Review of Economic Design, 2008 | |
| Mandy, David | "When Do Input Prices Matter For Make-Or-Buy Decisions?" Journal of Regulatory Economic (forthcoming) |
| "Incentives for Sabotage in Vertically Related Industries" (with D. Sappington), Journal of Regulatory Economics, 2008 | |
| Incentives for Sabotage in Vertically Related Industries (with D. Sappington) Journal of Regulatory Economics (June 2007) | |
| Miller, J. Isaac | "Long-Term Oil Price Forecasts: A New Perspective on Oil and the Macroeconomy" (with S. Ni), Macroeconomic Dynamics, 2011 |
| "Testing the Bounds: Empirical Behavior of Target Zone Fundamentals," Economic Modelling, 2011 | |
| “Cointegrating Regressions with Messy Regressors and an Application to Mixed-frequency Series,” Journal of Time Series Analysis, 2010 | |
| "Nonlinearity, Nonstationarity, and Thick Tails: How They Interact to Generate Persistence in Memory" (with J.Y. Park), Journal of Econometrics, 2010. | |
| "A Nonlinear IV Likelihood-based Rank Test for Multivariate Time Series and Long Panels," Journal of Time Series Econometrics, 2010 | |
| "Crude Oil and Stock Markets: Stability, Instability, and Bubbles" (with R. Ratti), Energy Economics, 2009 | |
| "Extracting a Common Stochastic Trend: Theory with Some Applications" (with Y. Chang and J.Y. Park), Journal of Econometrics, 2009 | |
| Milyo, Jeff | "Public Approval of State Legislatures," (with Richardson and Konisky), Legislative Studies Quarterly, forthcoming |
| "Does Public Financing of State Election Campaigns Increase Voter Turnout?," (with Jacobsmeier and Primo), Public Elections. Edited by Costas Panagopoulos. Temple University Press, forthcoming | |
| "Keep Out: How State Campaign Finance Laws Erect Barriers to Entry for Political Entreprenuers," Institute for Justice (Arlington, VA), 2010 | |
| "Mowing Down the Grassroots: How Grassroots Lobbying Disclosure Suppresses Political Participation," Institute for Justice (Arlington, VA), 2010 | |
| "Sincere Versus Sophisticated Voting in Congress: Theory and Evidence," (with T. Groseclose), Journal of Politics. 2010 | |
| "Did the Devil Make Them Do It? The Effects of Religion in Public Goods and Trust Games," (with L. Anderson and J. Mellor), Kyklos, 2010 | |
| "Politics for Professionals," (with D. Carpenter and J. K. Ross), Engage: The Journal of the Federalist Society Practice Groups, 2010 | |
| "Are MSAs Effective for Cost Containment: Commentary," British Journal of Healthcare Management, 2009 | |
| "Inequality and Public Good Provision: an Experimental Analysis" (with L. Anderson and J. Mellor), Journal of Socio-Economics, 2009 | "Environmental Policy Attitudes, Geographic Scale and Political Trust," (with D. Konisky and L. Richardson), Social Science Quarterly, 2008 |
| "The Effects of Photographic Identification on Voter Turnout in Indiana: A County-Level Analysis," Institute of Public Policy, Truman School of Public Affairs, 2008 | |
| "The Effects of Cross-Ownership on the Local Content and Political Slant of Local Television News," Federal Communication Commission, 2008 | |
| "Campaign Finance Red Tape: Strangling Free Speech and Political Debate," Institute for Justice, 2008 | |
| "Estimating the Impact of State Policies and Institutions with Mixed-level Data" (with D. Primo and M. Jacobsmeier), State Politics and Policy Quarterly, 2007 | |
| "Campaign Finance," in Concise Encyclopedia of Economics (2nd edition), 2008 | |
| "Public Financing of Campaigns," (with D. Primo), Engage, 2007 | |
| "Induced Heterogeneity in Trust Experiments" (with L. Anderson and J. Mellor), Experimental Economics, 2007 | |
| "A Social Science Perspective on Media Bias" (with T. Groseclose), Critical Review, 2007 | |
| "Campaign Finance Laws and Political Efficacy in the States" (with D. Primo), Election Law Journal, 2006 | |
| "A Measure of Media Bias," (with T. Groseclose), Quarterly Journal of Economics, 2006 | |
| "State Campaign Finance Reforms, Competitiveness, and Party Advantage in Gubernatorial Elections" (with D. Primo and T. Groseclose), in The Marketplace of Democracy, 2007 | |
| "State Social Capital and Individual Health Status" (with J. Mellor), Journal of Health Politics, Policy and Law, 2006 | |
| "Do Liberals Play Nice? The Effects of Political Party and Ideology in Public Goods and Trust Games" (with L. Anderson and J. Mellor), in Advances in Applied Microeconomics: Experimental and Behavioral Economics, 2006 | |
| "Reform Without Reason: The Scientific Method and Campaign Finance" (with D. Primo), in Taxpayer Financing of Political Campaigns, 2005 | |
| Mueser, Peter | "A Nonexperimental Evaluation of WIA Programs" (with C. Heinrich, K. Troske, K. Jeon, and D. Kahvecioglu), The Workforce Investment Act: Implementation Experiences and Evaluaiton Finds, D. Besharov and P. Cottingham (eds.), Kalamazoo, MI: W.E. Upjohn Institute, 2011. |
| "The Impact of Welfare Reform on Leaver Characteristics, Employment and Recidivism: An Analysis of Maryland and Missouri" (with D. Stevens, and K. Troske), Welfare Reform and its Long-Term Consequences for America's Poor, James P. Ziliak (ed.), Cambridge, UK: Cambridge University Press. 2009 | |
| "The Role of Temporary Help Employment in Low-wage Worker Advancement" (with C. Heinrich and K. Troske), Labor Market Intermediaries, edited by D. Autor. Cambridge, Mass: National Bureau of Economic Research, 2009 | |
| "Introduction: Economics and Interdisciplinary Approaches in Migration Research" (with C. Boswell), Journal of Ethnic and Migration Studies, 2008 | |
| "Using State Administrative Data to Measure Program Performance" (with K. Troske and A. Gorislavsky), Review of Economics and Statistics, 2007 | |
| "The Effects of Welfare-to-Work Program Activities on Labor Market Outcomes" (with A. Dyke, C. Heinrich, K. Troske, and K. Jeon), Journal of Labor Economics, 2006 | |
| Welfare and Work in the 1990s: Experiences in Six Cities (with C. King). 2005 | |
| "Welfare to Temporary Work: Implications for Labor Market Outcomes" (with C. Heinrich and K. Troske), Review of Economics and Statistics, 2005 | |
| Ni, Shawn | "Long-Term Oil Price Forecasts: A New Perspective on Oil and the Macroeconomy," (with I. Miller), Macroeconomic Dynamics, 2011 |
| "A Bayesian Estimation of Estate-Specific Price to Rent Ratio of Shanghai and Shenzhen," (with J. Chen), International Real Estate Review, 2011 | |
| "Selection of Multivariate Stochastic Volatility Models via Bayesian Stochastic Search," (with A. Loddo and D. Sun). Journal of Business and Economic Statistics, 2011. |
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| "Bayesian Estimation and Hypothesis Testing of AR Models under a Reference Prior," (with Sun), Proceedings of American Statistical Association 2010 | |
| "Estimating a Dynamic Discrete Choice Model on Teachers' Retirement Decision," (with M. Podgursky) , Proceedings of American Statistical Association 2010 | |
| "Heterogeneous Parameter Uncertainty and the Timing of Investment during Crisis," (with R. Ratti) economics e-journal, 2009 | |
| "Measurement Errors in Dynamic Panel Data Models," (with Chen & Podgursky), Proceedings of American Statistical Association, 2008 | |
| "Reference Priors for AR(2) Models," (with D. Sun), Proceedings of American Statistical Association 2007, 2008 | |
| “Bayesian Stochastic Search for VAR Model Restrictions,” (with E. George and D. Sun), Journal of Econometrics, 2008. | |
| "Intrinsic Bayesian Estimation of VAR Impulse Responses," (with D. Sun and X. Sun), Journal of Business and Economic Statistics, 2007 | |
| "Bayesian Stochastic Search of Multivariate Stochastic Volatility Models," (with A. Loddo and D. Sun), Proceedings of American Statistical Association 2006, 2007 | |
| "Bayesian Analysis of Multivariate State-Space Models with Noninformative Priors," (with D. Sun), Proceedings of American Statistical Association 2006, 2007 | |
| "High Corruption Income in Ming and Qing China," (with V. Pham), Journal of Development Economics, 2006 | |
| "Bayesian Search of Multivariate Stochastic Volatility Models," (with D. Sun), Proceedings of American Statistical Association 2005, 2006 | |
| "Bayesian Stochastic Search for VAR Models," (with E. George and D. Sun), Proceedings of American Statistical Association 2004, 2005 | |
| "Bayesian Estimates for Vector-Autoregressive Models," (with D. Sun), Journal of Business and Economic Statistics, 2005 | |
| "Review on Stiglitz and Greenwald’s Towards a New Paradigm for Monetary Economics," (book review) International Review of Economics and Finance, 2005 | |
| Podgursky, Michael | "Introduction: From Equity to Adequacy to Choice," Peabody Journal of Education, forthcoming |
| "A New Defendant at the Table: An Overview of Missouri School Finance and Recent Litigation," Peabody Journal of Education, forthcoming | |
| "Rethinking Teacher Pensions in Maryland," (with Lin and Lueken), The Maryland Journal, 2011 | |
| "Reforming K-12 Educator Pensions: A Labor Market Perspective," (with R. Costrell), TIAA-CREF Institute, 2011 | |
| "Teacher Compensation Systems in the United States K-12 Public School System," (with Springer), National Tax Journal, 2011 | |
| "Teacher Pension Incentives and the Timing of Retirement," (with S. Ni), ASA Proceedings, 2010 | |
| Ch. 5: "Teacher Compensation and Collective Bargaining," Handbook of Economics of Education, 2010 | |
| "Golden Handcuffs," (with R. Costrell), Education Next, 2010 | |
| "The Distribution of Benefits in Teacher Retirement Systems and Their Implications for Mobility," (with R. Costrell) Education Finance and Policy, 2010 | |
| Introduction to "Rethinking Teacher Retirement Benefit Systems," (with R. Costrell) Education Finance and Policy, 2010 | |
| Special Issue: "Rethinking Teacher Retirement Benefit Systems," (with R. Costrell) Education Finance and Policy, 2010 | |
| "Market-Based Reform of Teacher Compensation," Issue Brief. Institute for Public School Innovation. University of Texas, 2009 | |
| "Market-Based Pay Reform for Teachers," Springer (ed) Teacher Performance Pay. Brookings Institution, 2009 | |
| "Modernizing Teacher Retirement Benefit Systems," (with Costrell and Johnson) Goldhaber & Hannaway (eds) Creating a New Teaching Profession. Urban Institute, 2009 | |
| "Teacher Training and Preparation," (with Springer), International Encyclopedia of Education, 2009 | |
| "Peaks, Cliffs, and Valleys: The Peculiar Incentives of Teacher Pension Systems and their Consequences for School Staffing," (with R. Costrell), Education Finance and Policy, 2009 | |
| "Teacher Retirement Benefits," (with R. Costrell), Education Next, 2009 | |
| "An Exploratory Analysis of the Content and Availability of State Administrative Data on Teacher Compensation," (with M. Pantal, M. Ehlert and A. Hull), National Center on Education Statistics, US Department of Education, 2008 | |
| "Fiscal Effects of a Tuition Tax Credit Program in Missouri" (with Brodsky & Hauke), Show-Me Institute Report, 2008 | |
| "Peaks, Cliffs, and Valleys: The Peculiar Incentives of Teacher Pension Systems" (with Costrell), Education Next, 2007 | |
| "Golden Peaks and Perilous Cliffs: Rethinking Ohio's Teacher Pension System" (with Costrell), Fordhm Institute Report, 2007 | |
| "Teacher Performance Pay: A Survey" (with M. Springer), Journal of Policy Analysis and Management, 2007 | |
| "Credentials Versus Performance: A Review of Teacher Incentive Pay Research" (with M. Springer), Peabody Journal of Education, 2007 | |
| "Teams Versus Bureaucracies: Personnel Policy, Wage-Setting, and Teacher Quality in …" Charter Schools: Their Growth and Outcomes, 2007 | |
| "Is Teacher Pay 'Adequate?'" School Money Trials, 2006 | |
| "Is It Time to Rethink Teacher Pensions in Maryland?" Abell Foundation & Maryland Public Policy Institute, 2006 | |
| "(Mis) Measuring the Relative Pay of Teachers" (with R. Tongrut) Education Finance and Policy, 2006 | |
| "Is There a 'Qualified Teacher' Shortage?" Education Next, 2006 | |
| "K-12 Public School Finance in Missouri: An Overview," Federal Reserve Bank of St. Louis Regional Economic Development, 2006 | |
| "Teacher Licensing in U.S. Public Schools: The Case for Simplicity and Flexibility," Peabody Journal of Education, 2005 | |
| "Teaching is Not Medicine," Academic Questions, 2005 | |
| "Comment on Rivkin and Hanushek," in Brookings Papers on Education Policy: 2004, 2005 | |
| Sharma, Gunjan | "Price Effects of Preferential Market Access: The Caribbean Basin Initiative and the Apparel Sector" (with C. Ozden), World Bank Economic Review, 2006 |
| Trindade, Vitor | "Neckties in the Tropics: a Model of International Trade and Cultural Diversity," Canadian Journal of Economics, 2009 |
| "Networks, Standards and Intellectual Property Rights" (with J. Moenius), Intellectual Property, Growth, and Trade, 2008 | |
| "Inequality, Nonhomothetic Preferences, and Trade: a Gravity Approach" (with M. Dalgin and D. Mitra), Southern Economic Journal, 2008 | |
| "The Big Push, Industrialization, and International Trade: the Role of Exports," Journal of Development Economics, 2005 | |
| "Inequality and Trade" (with D. Mitra), Canadian Journal of Economics, 2005 | |
| Wang, X.H. | "Customization with Vertically Differentiated Products," (with O. Loginova), Journal of Economics and Management Strategy, 2011 |
| "Why Are Firms Sometimes Unwilling to Reduce Costs?" (with Zhao), Journal of Economics (Zeitschrift fur Nationalokonomie), 2010 | |
| "The Sunk-Cost Effect and Optimal Two-Part Pricing," (with Yeng), Journal of Economics (Zeitschrift fur Nationalokonomie), 2010 | |
| "Free Entry in a Cournot Market with Imperfectly Substituting Goods," (with Liu) Economics Bulletin, 2010 | |
| "Yield to Maturity and Total Rate of Return: A Theoretical Note," (with Cebula and Yang), Applied Economics Research Bulletin, 2010 | |
| "Horizontal Mergers in a Differentiated Cournot Oligopoly," (with Y. Hsu), Bulletin of Economic Research, 2010 | |
| “Incentive Schemes in Peer-to-Peer Networks” (with O. Loginova and Lu), The B.E. Journal of Theoretical Economics, 2009 | |
| "Customization: Ideal Varieties, Product Uniqueness and Price Competition'' (with O. Loginova), Economics Bulletin, 2009 | |
| "On the Efficiency of Indirect Taxes in Differentiated Oligopolies with Asymmetric Costs," (with Zhao), Journal of Economics (Zeitschrift fur Nationalokonomie), 2009 | |
| Microeconomics, Book Chapter, 2008 | |
| "Price and Quantity Competition Revisited," Economics Bulletin, 2008 | |
| "Welfare Reductions from Small Cost Reductions in Differentiated Oligopoly" (with J. Zhao), International Journal of Industrial Organization, 2007 | |
| "Optimal Decisions with Linear Random Payoff" (with C. Menezes), Manchester School, 2006 | |
| "People Prefer a Dollar Sooner Than Later But Not Because Interest Can Be Earned" (with B. Yang), Perspectives on Economic Education Review, 2006 | |
| "Cooperative versus Noncooperative R&D and the Mode of Foreign Expansion" (with R. Tongrut), Proceedings of the 5th Global Conference on Business & Economics, 2006 | |
| "On Welfare under Cournot and Bertrand Competition in Differentiated Oligopolies" (with J. Hsu), Review of Industrial Organization, 2005 | |
| "Increasing Outer Risk" (with C. Menezes), Journal of Mathematical Economics, 2005 | |
| "Duality and the Slutsky Income and Substitution Effects of Increases in Wage Rate Uncertainty" (with C. Menezes), Oxford Economic Papers, 2005 | |
| "Duality, Income and Substitution Effects for the Competitive Firm under Price Uncertainty" (with C. Menezes), Managerial and Decision Economics, 2005 | |
| "Duality and Consumption Decisions under Income and Price Risk" (with C. Menezes and J. Bigelow), Journal of Mathematical Economics, 2005 |