SEA Conference
November 21-23
1997

Program Sessions

*Session organized by SEA President-Elect

Friday    7:30 - Noon

Session 0Southern Economic Association Board of Trustees Meeting and Breakfast

Friday    8:30 - 10:15am

Session 1A*Innovative Applications of the "Laffer" Curve
Session 3A*Economics Under Uncertainty I
Session 4A*The Economics of Ethics and the Ethics of Economists
Session 5A*Classroom Experiments and Public Choice
Session 6A*Current Issues in State and Local Public Finance
Session 7A*Empirical Issues in Exchange Rate Modeling
Session 8A*Current Issues in Labor Economics
Session 9AEconomics of Crime
Session 10APotpourri: Economic Issues Regarding Children and Art
Session 11AMoney and Banking
Session 12AHealth Economics III
Session 13AIndustrial Organization
Session 14ACapital Mobility
Session 15ADeficits, Interest Rates, and Politics
Session 16ALabor, the Welfare Stigma, and Risk in the Workplace
Session 17ATopics on Public Economics
Session 18A*Recent Research on Economic Freedom
Session 19AApplications of Austrian Economics
Session 20A*Reprivatizing Charlotte: Municipal Constitutional Economics
Session 21A*Topics in Commercial Banking
Session 22A*Economics of Fame

Friday
7:30-Noon
SEA
Session  0
Southern Economic Association Board of Trustees
Meeting and Breakfast

Friday
8:30-10:15am
SEA*
Session  1A*
Innovative Applications of the "Laffer" Curve

Chair:  TBA

Papers:
"Minimum Wage Politics and the Welfare of Minimum Wage Workers"
   Russell S. Sobel,  West Virginia University
"Further Considerations of the Laffer Curve for Prison Sentencing"
   William L. Davis,  University of Tennessee - Martin
"The Laffer Curve for Amnesty"
   J. R. Clark,  University of Tennessee - Chattanooga
   Bruce Hutchinson,  University of Tennessee - Chattanooga
Discussants:
   Charles W. Baird,  California State University - Hayward
   Gordon L. Brady,  George Mason University
   David E.R. Gay,  University of Arkansas
   James R. Marchand,  Westminster College - Salt Lake City

Friday
8:30-10:15am
SEA*
Session  3A*
Economics Under Uncertainty I

Chair:  Allan Persky,  El Paso, TX

Papers:
"Stochastic Demand with Uncertain Sales Under Various Risk Preferences"
   Allan Persky,  El Paso, TX
"Irreversible Investment Decisions with Yield and Price Uncertainty"
   T. Jeffrey Price,  University of Georgia
   Michael E. Wetzstein,  University of Georgia
Discussants:
   Tae Kun Seo,  Southern Methodist University
   Roger C. Tutterow,  Kennesaw State University
   Michael E. Wetzstein,  University of Georgia

Friday
8:30-10:15am
SEA*
Session  4A*
The Economics of Ethics and the Ethics of Economists

Chair:  David N. Laband,  Auburn University

Papers:
"The Absence of Economic Analysis in Business Ethics Curricula"
   Glenn Moots,  Northwood University
"Ethics and Agency in Forensic Economics"
   Thomas R. Ireland,  University of Missouri - St. Louis
"Perceived Conduct and Professional Ethics Among Economics Faculty"
   David N. Laband,  Auburn University
   Michael J. Piette,  Analytical Economics, Inc.
Discussants:   TBA

Friday
8:30-10:15am
SEA*
Session  5A*
Classroom Experiments and Public Choice

Chair:  Charles A. Holt,  University of Virginia

Papers:
"Voting and Political Institutions"
   Lisa Anderson,  College of William and Mary
   Charles A. Holt,  University of Virginia
"Voluntary Contribution to a Public Good"
   Charles A. Holt,  University of Virginia
   Susan K. Laury,  University of South Carolina
"Classroom Games: Rent Seeking and the Inefficiency of Non-Market Allocations"
   Jacob Goeree,  University of Virginia
   Charles A. Holt,  University of Virginia
"A Prisoner's Dilemma"
   C. Monica Capra,  University of Virginia
   Charles A. Holt,  University of Virginia
Discussants:   Audience

Friday
8:30-10:15am
SEA*
Session  6A*
Current Issues in State and Local Public Finance

Chair:  Thomas A. Garrett,  West Virginia University

Papers:
"Tax Limits"
   Randall G. Holcombe,  Florida State University
"Empirical Evidence of Fiscal Federalism as an Interstate Externality"
   Michael D. Stroup,  Naval Postgraduate School
"Are States Gambling with Your Tax Dollars?: The Risk and Return of State Lotteries in America"
   Thomas A. Garrett,  West Virginia University
   Russell S. Sobel,  West Virginia University
Discussants:
   Edward J. Bierhanzl,  Florida A&M University
   G. Dirk Mateer,  Grove City College
   Daniel Sutter,  University of Oklahoma

Friday
8:30-10:15am
SEA*
Session  7A*
Empirical Issues in Exchange Rate Modeling

Chair:  Robert McNown,  University of Colorado

Papers:
"Sources of U.S. Dollar Real Exchange Rate Fluctuations: Evidence from an Equilibrium Model"
   William J. Crowder,  University of Texas - Arlington
"ARCH in Foreign Exchange Return"
   C.G. DeVries,  Ohio State University
   Mark Nelson,  Ohio State University
"Stylized Facts of Exchange Rate Dynamics"
   Steven Husted,  University of Pittsburgh
"What Can We Learn from Panel Unit Root Tests of Real Exchange Rates?"
   Janice Boucher Breuer,  University of South Carolina
   Robert McNown,  University of Colorado
   Myles Wallace,  Clemson University
Discussants:   Paper Presenters

Friday
8:30-10:15am
SEA*
Session  8A*
Current Issues in Labor Economics

Chair:  Ronald S. Warren, Jr.,  University of Georgia

Papers:
"Unemployment Insurance and Post-Unemployment Earnings"
   John T. Addison,  University of South Carolina
   McKinley Blackburn,  University of South Carolina
"The Marriage Premium for Male Workers: Evidence from a Natural Experiment"
   Donna Ginther,  Washington University
   Madeline Zavodny,  Federal Reserve Bank of Atlanta
"The Benefits of Catholic Schooling for Inner-City Minorities"
   Derek A. Neal,  University of Chicago
Discussants:
   Christopher Cornwell,  University of Georgia
   Myra L. Moore,  Texas Christian University
   Madeline Zavodny,  Federal Reserve Bank of Atlanta

Friday
8:30-10:15am
SEA
Session  9A
Economics of Crime

Chair:  Julianne Sakowski,  Texas Woman's University

Papers:
"The Dynamics of Crime: A Study on Social Contagion"
   Maria Minniti,  Babson College
"Market Versus Public Policy Mechanisms in Poverty Reduction: The Differential Effects on Property Crime"
   Ralph C. Allen,  Valdosta State University
   Jack H. Stone,  Spelman College
"Crime Betas as A Determinate of Average Changes in Crime: An Empirical Analysis"
   Dale O. Cloninger,  University of Houston - Clear Lake
   Roberto Marchesini,  University of Houston - Clear Lake
"The Bottle Made Me Do It: Access to Alcohol Use and Crime"
   Kwabena Gyimah-Brempong,  University of South Florida
Discussants:
   Mary Jean Horney,  Furman University
   Philip D. Taylor,  Millsaps College

Friday
8:30-10:15am
SEA
Session  10A
Potpourri: Economic Issues Regarding Children and Art

Chair:  William Stewart Mounts, Jr.,  Mercer University

Papers:
"Benefit-Cost Analysis of Juvenile Boot Camps: The Case of the Environmental Youth Corps of Mobile, Alabama"
   Semoon Chang,  University of South Alabama
"Parents' Valuation of Children and the Calculation of Damages in Wrongful Death Lawsuits"
   James G. Sword,  University of South Dakota
   Randall E. Waldron,  University of South Dakota
"Marketable Arts: A Voucher Solution"
   John Adam Hill,  Northeastern State University
   Peter Maynard,  Virginia Commonwealth University
"Housework and Childcare: From Doing to Sharing"
   Kamma Langberg,  Aarhus School of Business
Discussants:
   Erik D. Craft,  University of Richmond
   Gene Lebrenz,  Florida Southern College

Friday
8:30-10:15am
SEA
Session  11A
Money and Banking

Chair:  Charles D. DeLorme, Jr.,  University of Georgia

Papers:
"The Stabilizing Properties of Different Monetary Policy Rules in the Open Economy"
   Richard T. Froyen,  University of North Carolina
   Alfred V. Guender,  University of Canterbury - New Zealand
"Bank Structure and its Influence on Real Economic Growth"
   Samuel L. Skogstad,  Georgia State University
   Kathleen Thomas,  Georgia State University
"Bank Loans to Small Businesses"
   Cavery Bopaiah,  Georgia State University
Discussants:
   R.W. Hafer,  Southern Illinois University - Edwardsville
   Jill Ann Holman,  University of Georgia
   H. Youn Kim,  Western Kentucky University

Friday
8:30-10:15am
SEA
Session  12A
Health Economics III

Chair:  Shawna Grosskopf,  Southern Illinois University

Papers:
"Health Insurance and Occupational Mobility Among Workers with Disabilities"
   Marjorie L. Baldwin,  East Carolina University
   Edward J. Schumacher,  East Carolina University
"Dialysis Treatment Modality and Quality of Life: Evidence from Suicide Rates"
   Jon M. Ford,  University of Texas - Arlington
   David L. Kaserman,  Auburn University
"Testing the BETA Convergence Hypothesis on the Alcohol Consumption in the European OECD-Countries"
   Jan Bentzen,  Aarhus School of Business
   Niels Nannerup,  Aarhus School of Business
   Valdemar Smith,  Aarhus School of Business
Discussants:
   D. Scott Bellamy,  Southern Arkansas University
   Mary E. Deily,  Lehigh University

Friday
8:30-10:15am
SEA
Session  13A
Industrial Organization

Chair:  James I. Brannon,  University of Wisconsin - Oshkosh

Papers:
"Measuring Returns to Scale and Scope of Electric Utilities as Dual-Product Firms"
   Stratford Douglas,  West Virginia University
"The Effect of the Toxic Release Inventory on Pollution Reduction"
   Eric Helland,  Ball State University
   John B. Horowitz,  Ball State University
"The Effects of Leverage on R&D Spending"
   Dean Showalter,  Southwest Texas State University
   Richard Jensen,  University of Kentucky
"Government Policy Towards a Dynamic Increasing Returns Industry"
   Henry E. Kilpatrick, Jr.,  George Mason University
Discussants:
   Douglas M. Brown,  Georgetown University
   Francis J. Cronin,  Hagler Bailly Consulting, Inc.
   Nainish Gupta,  El Paso Energy Marketing

Friday
8:30-10:15am
SEA
Session  14A
Capital Mobility

Chair:  Charles H. Andrews,  Mercer University

Papers:
"Capital Mobility and Asymmetric Information: The Case of Hong Kong and China"
   Mary Kennedy Bumgarner,  Kennesaw State University
   Penelope B. Prime,  Kennesaw State University
"NAFTA and Stock Market Linkages: U.S., Canada, and Mexico"
   Bradley T. Ewing,  Georgia Southern University
   James E. Payne,  Eastern Kentucky University
"The Role of Transaction Costs in Foreign Direct Investment"
   Simran K. Kahai,  Tuskegee University
   Tejinder S. Sara,  Tuskegee University
Discussants:
   James Cobbe,  Florida State University

Friday
8:30-10:15am
SEA
Session  15A
Deficits, Interest Rates, and Politics

Chair:  Yong U. Glasure,  Wayland Baptist University

Papers:
"Presidential and Congressional Influence on American Monetary Policy: A Combined Approach"
   Derek A. Berry,  University of Alabama
"Net Treasury Borrowing and Interest Rate Changes"
   William G. Gissy,  Morehouse College
Discussants:
   Su Zhou,  University of Texas - San Antonio

Friday
8:30-10:15am
SEA
Session  16A
Labor, the Welfare Stigma, and Risk in the Workplace

Chair:  Ted W. Chiles,  Auburn University - Montgomery

Papers:
"Risk Premia in the Workplace: What Does the Combined Evidence Tell Us?"
   Janusz R. Mrozek,  Georgia Institute of Technology
   Laura L. Osborne,  Georgia State University
"Has Welfare Stigma Changed?"
   Kurt C. Schaefer,  Calvin College
   Thomas D. Vander Veen,  Skidmore College
"Labor Surplus and the Agricultural Household in the People's Republic of China"
   Andrew L.H. Parkes,  Southwestern University
Discussants:
   Denise L. Stanley,  University of Tennessee

Friday
8:30-10:15am
SEA
Session  17A
Topics on Public Economics

Chair:  Susan K. Snyder,  Virginia Polytechnic Institute & State University

Papers:
"Bidding for Firms: An Asymmetric Auction Model of Interjurisdictional Competition"
   Laurent Martin,  University of Maryland
"The Structure of School Districts in Georgia: Developments from 1977-1996 and the Scope for Consolidation"
   L.F. Jameson Boex,  Georgia State University
   Jorge Martinez-Vasquez,  Georgia State University
Discussants:
   Amy D. Crews,  Syracuse University

Friday
8:30-10:15am
SEA*
Session  18A*
Recent Research on Economic Freedom

Chair:  James D. Gwartney,  Florida State University

Papers:
"Economic Freedom, Institutions, and Growth"
   Abdeweli Ali,  George Mason University
"Economic Freedom and Growth"
   Otto Davis,  Carnegie Mellon University
   Wenbo Wu,  Carnegie Mellon University
"Economic Freedom and Other Determinants of Growth"
   James D. Gwartney,  Florida State University
   Randall G. Holcombe,  Florida State University
   Robert A. Lawson,  Capital University
Discussant:
   Gerry Scully,  University of Texas - Dallas

Friday
8:30-10:15am
SEA*
Session  19A
Applications of Austrian Economics

Chair:  Thomas J. DiLorenzo,  Loyola College

Papers:
"Central Planning of Lifestyles: Automobiles and the Illusion of Full-Cost Pricing"
   Roy Cordato,  Campbell University
"An Austrian Critique of the Coase Theorem"
   Walter Block,  University of Central Arkansas
"An Austrian Approach to the Economics of Crime"
   Yuri Maltsev,  Carthage College
"The Economics and Ethics of Liberty"
   Hans Herman-Hoppe,  University of Nevada - Las Vegas
Discussants:
   Thomas J. DiLorenzo,  Loyola College
   Peter G. Klein,  University of Georgia

Friday
8:30-10:15am
SEA*
Session  20A*
Reprivatizing Charlotte: Municipal Constitutional Economics

Chair:  Jack Sommer,  University of North Carolina - Charlotte

Papers:
"Reprivatizing Charlotte: Rules as Tools"
   Jack Sommer,  University of North Carolina - Charlotte
"Quis Custodiat: Making Sure Rules are Observed"
   Rebecca Whitener,  University of North Carolina - Charlotte
"Selling Queen Charlotte's Crown Jewels"
   Jack Sommer,  University of North Carolina - Charlotte
"New Steering Mechanisms for Public Transportation"
   David Hartgen,  University of North Carolina - Charlotte
"Charlotte's Human Resource Expenditures for Privatization"
   Laurence Bergman,  University of North Carolina - Charlotte
Discussants:   Paper Presenters

Friday
8:30-10:15am
SEA*
Session  21A*
Topics in Commercial Banking

Chair:  Jill M. Hendrickson,  University of the South

Papers:
"A Tale of Two Systems: Market Incentives in Deposit Insurance in 1920s Texas"
   Linda Hooks,  Washington and Lee University
   Kenneth J. Robinson,  Federal Reserve Bank of Dallas
   Jefferey W. Gunther,  Federal Reserve Bank of Dallas
"Modeling the Adaptive Process of Regulatory Changes: Depository Institutions' Legislation, 1977-1995"
   Duane B. Graddy,  Middle Tennessee State University
   Reuben Kyle,  Middle Tennessee State University
   Thomas H. Strickland,  Middle Tennessee State University
"An Analysis of the European Monetary Union"
   Stephen Baker,  Capital University
Discussants:
   Michael Aarstol,  University of Georgia
   Maria Minniti,  Babson College

Friday
8:30-10:15am
SEA*
Session  22A*
Economics of Fame

Chair:  David M. Levy,  George Mason University

Papers:
"Capitalizing Human Capital"
   Paula E. Stephan,  Georgia State University
"A Life-Cycle Model of Fame"
   Charles Coleman,  NPADSI
"Second Thoughts About First Impressions: A Case Study of Scientific Error"
   Susan Feigenbaum,  University of Missouri - St. Louis
   David M. Levy,  George Mason University
Discussants:
   Catherine Eckel,  National Science Foundation
   Sharon G. Levin,  University of Missouri - St. Louis
   David M. Levy,  George Mason University

Friday    10:30 - 12:15pm

Session 23BEmpirical Analysis of Effects of Federal Reserve Policy
Session 25B*Topics in Income Distribution, Welfare and Mobility
Session 26B*Economic Efficiency in Unconventional Markets
Session 27B*Time and Institutions
Session 28B*Issues in Regulation and Antitrust
Session 29B*Classroom Experiments: Macroeconomic Issues
Session 30B*The Economics of Gambling
Session 31B*Empirical Political Economy
Session 32BValuation of Environmental Health Effects
Session 33BRegional Economic Growth and Divergence in the U.S.
Session 34BTaxation
Session 35BHealth Economics I
Session 36BPerformance Incentives
Session 37BReal Trade
Session 38BInnovations in Pedagogy
Session 39BEconometric Methods
Session 40BA Montage: Federal Sentencing, Civil Society, and Economic Education in Poland
Session 41B*Market Failure, Government Failure, and Public Choice: Lessons From U.S. Economic History
Session 42B*Law, Economics, and Public Choice
Session 43B*Economics and Religion: How Are They Related
Session 44B*Purchasing Power Parity

Friday
10:30am-12:15pm
SEA
Session  23B
Empirical Analysis of Effects of Federal Reserve Policy

Chair:  Cynthia Royal Tori,  University of North Carolina - Charlotte

Papers:
"The Theory of the Big Player: The Case of the Demand for Money"
   Catherine E. Beckett,  Hillsdale College
   Roger Koppl,  Fairleigh Dickinson University
"An Alternative Test for Examining the Information Content of the Paper-Bill Spread"
   David C. Black,  University of Toledo
   Michael R. Dowd,  University of Toledo
"The Effectiveness of Federal Reserve Monetary Policy"
   Charles Waldauer,  Widener University
Discussants:
   Jac C. Heckelman,  Wake Forest University
   Areerat Kichkha King,  Southern Illinois University - Carbondale

Friday
10:30am-12:15pm
SEA*
Session  25B*
Topics in Income Distribution, Welfare and Mobility

Chair:  W. James Smith,  University of Colorado - Denver

Papers:
"Efficiency, Equity and Democracy: Experimental Evidence on Social Justice and Okun's Leaky Bucket"
   Steve Beckman,  University of Colorado - Denver
   John P. Formby,  University of Alabama
"Consumption Expenditure Inequality and Welfare in the U.S. During the 1980s"
   Thesia I. Garner,  Bureau of Labor Statistics
   Javier Ruiz-Castillo,  Universidad Carlos III de Madrid
"Income Inequality and Growth: The Implications of Public and Private Education"
   Dale Knapp,  University of Wisconsin - Madison
"Economic Growth, Welfare, and the Measurement of Social Mobility"
   Alexandra Minicozzi,  University of Texas
Discussants:
   John A. Bishop,  East Carolina University
   John P. Formby,  University of Alabama
   Naci Mocan,  University of Colorado - Denver

Friday
10:30am-12:15pm
SEA*
Session  26B*
Economic Efficiency in Unconventional Markets

Chair:  Randall G. Holcombe,  Florida State University

Papers:
"A Modest Step Toward Liberalizing the Market for Body Organs"
   Donald J. Boudreaux,  Clemson University
"Seat Auctions and Uecker Effects in the Classroom"
   G. Dirk Mateer,  Grove City College
   Tracy C. Miller,  Grove City College
   Kenneth R. Stitt,  Grove City College
"Market Efficiency in Parimutual Greyhound Racing"
   Russell S. Sobel,  West Virginia University
Discussants:
   Russell S. Sobel,  West Virginia University
   Michael D. Stroup,  Naval Postgraduate School
   Tim R. Sass,  Florida State University
   Steven B. Caudill,  Auburn University

Friday
10:30Am-12:15Pm
SEA*
Session  27B*
Time and Institutions

Chair:  David Schap,  College of the Holy Cross

Papers:
"Ideology, Institutions, and the Transmission of Information Across Generations"
   Michael Ensley,  Duke University
   Michael C. Munger,  Duke University
"Fence Laws Versus Herd Laws: a Nineteenth Century Kansas Paradox"
   Jeffrey B. Nugent,  University of Southern California
   Nicolas Sanchez,  College of the Holy Cross
"The Evolution of Bureaucracy"
   Joseph D. Reid, Jr.,  George Mason University
Discussants:
   Cotton M. Lindsay,  Clemson University
   Gordon Tullock,  University of Arizona
   Andrew Young,  Emory University

Friday
10:30am-12:15pm
SEA*
Session  28B*
Issues in Regulation and Antitrust

Chair:  Ronald N. Johnson,  Montana State University

Papers:
"Regulation, Vertical Integration, and Sabotage"
   T. Randolph Beard,  Auburn University
   David L. Kaserman,  Auburn University
   John W. Mayo,  Georgetown University
"Horizontal Concentration and Anticompetitive Behavior in the Central Canadian Cement Industry: Testing Arbitrage Cost Hypotheses"
   Andrew N. Kleit,  Louisiana State University
   Halldor P. Palsson,  Competition Bureau, Industry and Science Canada
"Advertising Restrictions, Exclusive Territories, and Dealer Promotional Activities"
   Tim R. Sass,  Florida State University
   David S. Saurman,  San Jose State University
"Bans on Self-Service in the Retail Gasoline Market"
   Ronald N. Johnson,  Montana State University
   Charles J. Romeo,  Rutgers University
Discussants:   TBA

Friday
10:30am-12:15pm
SEA*
Session  29B*
Classroom Experiments: Macroeconomic Issues

Chair:  Lisa Anderson,  College of William and Mary

Papers:
"Coordination"
   C. Monica Capra,  University of Virginia
   Charles A. Holt,  University of Virginia
"Making Money"
   Charles A. Holt,  University of Virginia
   Susan K. Laury,  University of South Carolina
"Involuntary Unemployment"
   Jacob Goeree,  University of Virginia
   Charles A. Holt,  University of Virginia
Discussants:   Audience

Friday
10:30am-12:15pm
SEA*
Session  30B*
The Economics of Gambling

Chair:  Michael Kurth,  McNeese State University

Papers:
"Distance Effects in Consumption: Estimating the Social Value of Casinos"
   Earl Grinols,  University of Illinois
"Casino Gambling in New Orleans: A Comprehensive Analysis"
   Janet Speyier,  University of New Orleans
"Taxes, Profits and Economic Development: A Worldwide Perspective on Casinos"
   William Thompson,  University of Nevada - Las Vegas
"Voter Approval of Commercial Gaming: The Louisiana Referendum"
   Morris Coates,  Nichols State University
   Michael Kurth,  McNeese State University
Discussants:
   Cecil E. Bohanon,  Ball State University
   Andrew Foshee,  McNeese State University

Friday
10:30am-12:15pm
SEA*
Session  31B*
Empirical Political Economy

Chair:  W. Mark Crain,  George Mason University

Papers:
"The Constitutionality of Race Conscious Redistricting"
   W. Mark Crain,  George Mason University
"Mercantilism Revisited"
   Robert B. Ekelund, Jr.,  Auburn University
   Robert D. Tollison,  George Mason University
"Deregulation and the Political Economy of Institutions"
   John Sullivan,  Capital Economics
Discussants:
   Brian L. Goff,  Western Kentucky University
   Samson Kimenyi,  University of Connecticut

Friday
10:30am-12:15pm
SAPPCREE I
Session  32B
Valuation of Environmental Health Effects

Chair:  Mark Dickie,  University of Southern Mississippi

Papers:
"Homegrown Values and Hypothetical Surveys: A Comment"
   Karen Blumenschein,  University of Kentucky
   Glenn C. Blomquist,  University of Kentucky
   Magnes Johannesson,  Stockholm School of Economics
   Richard M. O'Conor,  Stockholm School of Economics
   Bengt Liljas,  Lund University
"Mortality Risk Valuation and Stated Preference Methods: An Exploratory Study"
   Anna Alberini,  University of Colorado
   Robert Belli,  University of Michigan
   Maureen L. Cropper,  World Bank
   Alan Krupnick,  Resources for the Future
"Stated Preferences for Morbidity Benefits of Reduced Air Pollution: A Comparison of Rating and Discrete-Choice Elicitation Formats"
   William H. Desvousges,  Triangle Economic Research
   F. Reed Johnson,  Triangle Economic Research
   Melissa C. Ruby,  Triangle Economic Research
"WTA/WTP Studies of Health Risks"
   John K. Horowitz,  University of Maryland
   Kenneth E. McConnell,  University of Maryland
   John Quiggin,  James Cool University
Discussants:
   Timothy C. Haab,  East Carolina University
   Carol Mansfield,  Duke University
   Jason Shogren,  University of Wyoming
   George Van Houtven,  Research Triangle Institute

Friday
10:30am-12:15pm
SEA
Session  33B
Regional Economic Growth and Divergence in the U.S.

Chair:  Ronald L. Moomaw,  Oklahoma State University

Papers:
"Explanations of Employment Growth: Evidence from U.S. Counties"
   Donald Grimes,  University of Michigan
   Penelope B. Prime,  Kennesaw State University
"Accounting for the State Per Capita Incomes Divergence in the United States Using Alternative Methods"
   Seid Y. Hassan,  Murray State University
   Abdul Hamid Sukar,  Cameron University
"Legalized Sin and Economic Growth: An Empirical Study"
   John D. Jackson,  Auburn University
   Douglas M. Walker,  Auburn University
Discussants:
   Linda Harris Dobkins,  Emory and Henry College
   Joseph M. Perry,  University of North Florida

Friday
10:30am-12:15pm
SEA
Session  34B
Taxation

Chair:  Frederick W. Derrick,  Loyola College

Papers:
"Changes in the Incidence of the Social Security Tax over Time"
   Janusz R. Mrozek,  Georgia Institute of Technology
"Some Reform Issues of Wealth Taxes in South Africa: A Futuristic Approach"
   Zurika Clausen,  Vista University
"The Law and Economics of Environmental Taxation: When Should the Ecotax Kick In?"
   Jurgen G. Backhaus,  Maastricht University
Discussants:
   Roy Bahl,  Georgia State University
   David H. Eaton,  Murray State University

Friday
10:30am-12:15pm
SEA
Session  35B
Health Economics I

Chair:  Jill Tiefenthaler,  Colgate University

Papers:
"Drug Users on a Substitution Programme with Methadone"
   Kamma Langberg,  Aarhus School of Business
"Economic Factors Contributing to Worksites Offering Wellness Activities"
   D. Scott Bellamy,  Southern Arkansas University
   Talina R. Mathews,  University of Kentucky
"Can a Woman's Economic Status Degrade Her Mental Health Following Childbirth?"
   W. David Bradford,  University of New Hampshire
   Lisa C. DeFelice,  University of New Hampshire
"Who Gets a C-Section, and Why: New Evidence"
   Darren Grant,  Georgia Southern University
Discussants:
   Amy D. Gibson,  University of Alabama

Friday
10:30am-12:15pm
SEA
Session  36B
Performance Incentives

Chair:  Jeffrey Woods,  Concord College

Papers:
"Incentive-Based Compensation and Worker Absenteeism"
   W. David Allen,  University of Alabama - Huntsville
"The Impact of Ceo Tenure on the Firm Performance and Turnover Relation"
   Sam A. Allgood,  University of Nebraska - Lincoln
   Kathleen A. Farrell,  University of Nebraska - Lincoln
"The Simple Microeconomics of a Share System"
   Vikram Kumar,  Davidson College
Discussants:
   Mobinul Huq,  University of Saskatchewan
   Phanindra V. Wunnava,  Middlebury College

Friday
10:30am-12:15pm
SEA
Session  37B
Real Trade

Chair:  Lynn Schneider,  North Georgia College and State University

Papers:
"Business Fixed Investment and 'Bubbles': The Japanese Case"
   Robert S. Chirinko,  Emory University
   Huntley Schaller,  Carleton University
"Economic Integration and Business Cycle Correlation in Developing Countries"
   Yoonbai Kim,  University of Kentucky
   Yung-Hsiang Ying,  University of Kentucky
"Trade and Factor Prices: Evidence from Canada"
   Michael A. Anderson,  Washington and Lee University
   Stephen L.S. Smith,  Gordon College
"Tariff Policy and Signaling Under Cost-Based Informational Asymmetries"
   Mark G. Herander,  University of South Florida
   Brad Kamp,  University of South Florida
Discussants:
   Akbar Marvasti,  University of Houston - Downtown

Friday
10:30am-12:15pm
SEA
Session  38B
Innovations in Pedagogy

Chair:  Clarence C. Morrison,  Indiana University

Papers:
"Do Formal Lectures Matter: A Comparison of Internal and External Student Performance in Introductory Economics at the University of Southern Queensland"
   Geoff Cockfield,  University of Southern Queensland
   David Brasfield,  Murray State University
   James P. McCoy,  Murray State University
   Martin I. Milkman,  Murray State University
"Video Instruction in Principles: Putting Students in Control"
   Frank Lee Maddox,  Oxford College of Emory University
"Storytelling in the Pedagogy of Economic Principles"
   John J. Bethune,  University of Tennessee - Martin
"The Economics of Time as a Resource"
   Christopher C. Klein,  Tennessee Regulatory Authority
Discussants:
   Petur O. Jonsson,  Fayetteville State University

Friday
10:30am-12:15pm
SEA
Session  39B
Econometric Methods

Chair:  Rolf Fare,  Southern Illinois University

Papers:
"Generalized Method of Moments Estimation of First Order Spacial Autoregressive Processes"
   Christopher R. Bollinger,  Georgia State University
"Structural Cointegration and Optimization Models in Production"
   H. Youn Kim,  Western Kentucky University
   Junsoo Lee,  Vanderbilt University
"Structural Misspecification and Cointegration Analysis"
   Joachim Zietz,  Middle Tennessee State University
Discussants:
   Irma A. Gomez,  Instituto Technologico y de Estudios Superiores de Monterrey
   Edward C. Kokkelenberg,  State University of New York - Binghamton

Friday
10:30am12:15pm
SEA
Session  40B
A Montage: Federal Sentencing, Civil Society, and Economic Education in Poland

Chair:  Maria Minniti,  Babson College

Papers:
"Racial, Ethnic, and Gender Disparities in Sentencing: Evidence from the U.S. Federal Courts"
   David B. Mustard,  University of Chicago
"On the State of Nature and the Nature of Civil Society"
   Charles K. Rowley,  George Mason University and Locke Institute
"Economics Education in Eastern Europe"
   William F. Huneke,  Avatar Solutions and University of Maryland
Discussants:
   Mohammed A. Dabbagh,  Abu Dhabi Investment Authority
   Nancy M. Tarr,  Office of State Finance (Oklahoma City)

Friday
10:30am-12:15pm
SEA*
Session  41B*
Market Failure, Government Failure, and Public Choice: Lessons From U.S. Economic History

Chair:  Michael R. Montgomery,  University of Maine

Papers:
"The Immediate Post-WWI Business Cycle: A Tale of Misfortune, and a Stroke of Luck"
   Lowell Gallaway,  Ohio University
   Richard Vedder,  Ohio University
"Ground Rent Seeking in U.S. Economic History"
   Fred Foldvary,  John F. Kennedy University and California State University - Hayward
"Special Interests and the Japanese Interment"
   Steven B. Caudill,  Auburn University
"25x100 Equals Slum: Lot-Size Restrictions and New York City's Notorious Tenement Houses"
   Michael R. Montgomery,  University of Maine
Discussants:
   Fred Foldvary,  John F. Kennedy University and California State University - Hayward
   Mark Thornton,  Auburn University
   Richard H. Timberlake, Jr.,  University of Georgia

Friday
10:30am-12:15pm
SEA*
Session  42B*
Law, Economics, and Public Choice

Chair:  Gordon L. Brady,  George Mason University

Papers:
"The Transition Process in an Arbitrary State: The Case for the Mafia"
   Svetozar Pejovich,  Texas A&M University
"Law in the Shadow of Bargaining"
   Jonathan R. Macey,  Cornell University
"Protectionism in Developed Countries: Too Much or Too Little?"
   Enrico Colombatto,  University of Turin - Italy
"Law and Economics: The Implicit Social Welfare Function of Statism"
   David E.R. Gay,  University of Arkansas
Discussants:
   Bruce L. Benson,  Florida State University
   Joe C. Davis,  Trinity University
   Craig Schulman,  University of Arkansas

Friday
10:30am-12:15pm
SEA*
Session  43B*
Economics and Religion: How Are They Related

Chair:  Robert Nelson,  University of Maryland

Papers:
"Is There Any Theology in Smith's Wealth of Nations?"
   Anthony Waterman,  Robinson College, Cambridge - England
"The Theology (Implicit) of Samuelson's Economics"
   Robert Nelson,  University of Maryland
"Gary Becker and the Ten Commandments"
   Mark Broski,  George Mason University
Discussants:
   Kenneth G. Elzinga,  University of Virginia
   Karen I. Vaughn,  George Mason University

Friday
10:30am-12:15pm
SEA*
Session  44B*
Purchasing Power Parity

Chair:  David H. Papell,  University of Houston

Papers:
"The Choice of Numeraire Currency in Panel Tests of Purchasing Power Parity"
   David H. Papell,  University of Houston
   Hristos Theodoridis,  University of Houston
"Exchange Rate Arrangements and Purchasing Power Parity"
   David Parsley,  Vanderbilt University
   Helen Popper,  Santa Clara University
"Cross Sectional Dependence in Cointegration Tests of Purchasing Power Parity in Panels"
   Peter Pedroni,  Indiana University
Discussants:
   Janice Boucher Breuer,  University of South Carolina
   Peter Liu,  University of Miami
   Andreas Savvides,  Oklahoma State University

Friday    1:30 - 3:15pm

Session 47CDiverse Economic Topics
Session 48C*Income Distributions, Poverty and Race
Session 49C*Economics Under Uncertainty II
Session 50C*America's Economic and Entrepreneurial Past
Session 51C*Economics of Education
Session 53CPedagogical Practices and Realities
Session 54CTeaching Environmental and Natural Resource Economics: Panel Discussion
Session 55CWhat Facilitates Learning in Games and Markets?
Session 56CGrowth, Convergence, and Divergence in Europe
Session 57CHistorical Studies of Banking
Session 58CContributions to Political Economy
Session 59CTime Series Techniques in International Finance
Session 60CTelecommunications Regulation and Deregulation
Session 61CAsset Valuation
Session 62CExternalities
Session 63CTo Love, Honor, and Commute or Until Job Searches Do Us Part (A Panel Discussion About the Career Options of Economists Married to Other Economists.)
Session 64CMonetary Policy Rules in Theory and Practice
Session 65C*Private Provision of Law and Law Enforcement
Session 66C*Women in the Firm and the Academy: The Impact of Technological Change (A Roundtable Discussion)
Session 67C*Relationships and Perceptions Between Citizens and Politicians Within the Context of the Public Budgetary Process

Friday
1:30-3:15pm
SEA
Session  47C
Diverse Economic Topics

Chair:  Mehdi Haririan,  Bloomsburg University

Papers:
"Non-Oil Export Promotion"
   Mehdi Haririan,  Bloomsburg University
   Bijan Vasigh,  Embry Riddle Aeronautical University
"Industrial Concentration and Exchange Rate Pass-Through in Japan"
   Bienvenido S. Cortes,  Pittsburg State University
"Fiscal Externalities and Single-Crossing Properties"
   D. Andrew Austin,  University of Houston
"A Macroanalysis of Earnings Differentials Between Black and White Women Doctorate Holders in the U.S.: 1970-1990"
   Marc Cadet,  Grambling State University
"Myths and Realities of Electricity Deregulation"
   Nainish Gupta,  El Paso Energy Marketing
Discussants:
   Chien-Ping Chen,  University of Houston
   Paper Presenters

Friday
1:30-3:15pm
SEA*
Session  48C*
Income Distributions, Poverty and Race

Chair:  John P. Formby,  University of Alabama

Papers:
"Hot Decking and the Demographics of Poverty"
   John A. Bishop,  East Carolina University
   Paul D. Thistle,  Western Michigan University
"Macroeconomic Analysis of Black and White Income Distributions"
   Lawrence Morse,  North Carolina A&T State University
   Ryochi Sakano,  North Carolina A&T State University
"Macroeconomic Conditions and Poverty"
   Naci Mocan,  University of Colorado - Denver
   Buhong Zheng,  University of Colorado - Denver
"On Interpreting Gini Decompositions with Application to White and Nonwhite Populations, 1962-1994"
   Hoseong Kim,  University of Alabama
   W. James Smith,  University of Colorado - Denver
Discussants:
   Thesia I. Garner,  Bureau of Labor Statistics
   Alexandra Minicozzi,  University of Texas
   Naci Mocan,  University of Colorado - Denver
   Ryochi Sakano,  North Carolina A&T State University

Friday
1:30-3:15pm
SEA*
Session  49C*
Economics Under Uncertainty II

Chair:  Allan Persky,  El Paso, TX

Papers:
"Comparing Stochastic Income Distributions"
   Rubin Saposnik,  Georgia State University
   Roger C. Tutterow,  Kennesaw State University
"The Effects of Shifts in a Return Distribution on Optimal Portfolios"
   Tae Kun Seo,  Southern Methodist University
   Josef Hadar,  Southern Methodist University
"Stochastic Production and Theory of the Firm"
   Allan Persky,  El Paso, TX
"Decision Making Under Uncertainty when the Stakes are High: Evidence from a Lottery Game Show"
   Philip L. Hersch,  Wichita State University
   Gerald S. McDougall,  Southeast Missouri State University
Discussants:
   Allan Persky,  El Paso, TX

Friday
1:303:15pm
SEA*
Session  50C*
America's Economic and Entrepreneurial Past

Chair:  Gerald Gunderson,  Trinity University

Papers:
"Explaining Entrepreneurs: Operational Tactics for Super-Abundant Information"
   Gerald Gunderson,  Trinity University
"Visible Hand or Invisible Hand?"
   Don Mathews,  Coastal Georgia Community College
"Reputation and Risk Premiums: The Case of Late 19th Century Railroad Bonds"
   Clifford F. Thies,  Shenandoah University
Discussants:   TBA

Friday
1:30-3:15pm
SEA*
Session  51C*
Economics of Education

Chair:  Eugenia F. Toma,  University of Kentucky

Papers:
"Does the Housing Market Reveal Local External Benefits to Schooling?"
   William R. Johnson,  University of Virginia
   Benjamin Scafidi,  CNA Corporation
"The Relationship Between Individual and Family Characteristics and College Attrition: Evidence from a Four Year Liberal Arts College"
   Todd Strinebrickner,  University of Michigan
"School Choice: The Decision to Home School"
   Bob Huston,  University of Kentucky
   Eugenia F. Toma,  University of Kentucky
"Student Tracking and Peer Effects"
   Ron Zimmer,  University of Kentucky
Discussants:
   William R. Johnson,  University of Virginia
   Richard Romano,  University of Florida

Friday
1:30-3:15pm
IAFFE
Session  53C
Pedagogical Practices and Realities

Chair:  Kim Marie McGoldrick,  University of Richmond

Papers:
"Gender: Category and Class"
   Mary Ann Dimand,  Albion College
"'Inverting' the Classroom: Gender, Cooperative Learning and Technology"
   Maureen Lage,  Miami University
"Practical Applications of Humor in the Principles Class"
   Ann Battle,  Virginia Commonwealth University
   Kim Marie McGoldrick,  University of Richmond
"Instructional Technology: Differential Effects by Race and Gender"
   Mary E. Young,  Southwestern University
Discussants:
   Nancy J. Burnett,  University of Wisconsin - Oshkosh
   Rosemary Thomas Cunningham,  Agnes Scott College
   Leah Greden,  University of North Carolina - Ashville
   Sunita Manian,  Wesleyon College

Friday
1:30-3:15pm
SAPPCREE II
Session  54C
Teaching Environmental and Natural Resource Economics: Panel Discussion

Moderator:
   James R. Kahn,  University of Tennessee
Panelists:
   Lynn Bennett,  Yale University
   Susan Kask,  Western Carolina University
   David Martin,  Davidson College
   John C. Whitehead,  East Carolina University

Friday
1:30-3:15pm
ESA I
Session  55C
What Facilitates Learning in Games and Markets?

Chair:  Ann B. Gillette,  Georgia State University

Papers:
"Evolution and Bounded Rationality in Games"
   Simon Anderson,  University of Virginia
   Jacob Goeree,  University of Virginia
   Charles A. Holt,  University of Virginia
"Markets for Contracts: Experiments Involving Simultaneous Equilibration of Games and Markets"
   Charles R. Plott,  California Institute of Technology
   Dean Williamson,  California Institute of Technology
"Do Actions Speak Louder than Words? Observation of Others Versus Cheap Talk in Strategic Environments"
   John Duffy,  University of Pittsburgh
   Nick Feltovich,  University of Houston
"An Experimental Study of Cognition and Behavior in Normal-Form Games"
   Bruno Brosetta,  University of Arizona
   Miguel Costa Gomes,  University of California - San Diego
   Vince Crawford,  University of California - San Diego
Discussants:
   Paul Brewer,  Georgia State University
   Ann B. Gillette,  Georgia State University
   Dan Levin,  Ohio State University
   David Lucking-Reiley,  Vanderbilt University

Friday
1:30-3:15pm
SEA
Session  56C
Growth, Convergence, and Divergence in Europe

Chair:  Kirsten K. Madden,  Millersville University

Papers:
"Bulgaria: A Country in Crisis as it Moves from a Command to a Market Economy"
   James R. Tarr,  University of Central Oklahoma
   Nancy M. Tarr,  Office of State Finance (Oklahoma City)
"Price Convergence in European Countries Since 1980"
   Jan Bentzen,  Aarhus School of Business
   Hans Linderoth,  Aarhus School of Business
"Has the Interest Rate Relationship Within the EMS Changed Since the Maastricht Treaty?"
   Geetha Vaidyanathan,  University of North Carolina
Discussants:
   Abdullah H. Albatel,  King Saud University - Riyadh
   Ann Harper Fender,  Gettysburg College

Friday
1:30-3:15pm
SEA
Session  57C
Historical Studies of Banking

Chair:  Harold Christensen,  Centenary College

Papers:
"Are Bank Failures in Banking Panics Predictable?"
   Gerald P. Dwyer, Jr.,  Clemson University and Federal Reserve Bank of Atlanta
   R.W. Hafer,  Southern Illinois University - Edwardsville
"The Role of Financial Stability and Optimal Seigniorage in Explaining Nominal Interest Rate Smoothing by the Federal Reserve"
   Jeffrey Johnson,  University of Kentucky
"Bank Credit and Recovery in the 1930s"
   Frank G. Steindl,  Oklahoma State University
"A Comparison of the 19th Century British and U.S. Legal Restrictions on Money Issue"
   James Stoker,  University of Kentucky
   Mark Toma,  University of Kentucky
Discussants:
   Derek A. Berry,  University of Alabama
   William F. Huneke,  Avatar Solutions and University of Maryland

Friday
1:30-3:15pm
SEA
Session  58C
Contributions to Political Economy

Chair:  Thomas A. Garrett,  West Virginia University

Papers:
"The Telecommunications Act of 1996: Rent-Seeking and the Implications for Federalism"
   Alden Abbot,  U.S. Department of Commerce
   Gordon L. Brady,  George Mason University
"Do Not Give Me Your Tired, Your Poor! Determinants of Legislator Voting on Immigration Issues"
   Jorge G. Gonzalez,  Trinity University
   Nipoli Kamdar,  Trinity University
"The Political Economy of Early Weather Information Services in the United States"
   Erik D. Craft,  University of Richmond
"Clean Air and Rough Roads: Some Fiscal Consequences of Ethanol Promotion Subsidies"
   Kevin Rask,  Colgate University
Discussants:
   Jurgen G. Backhaus,  Maastricht University
   Stacy Dickert-Conlin,  University of Kentucky

Friday
1:30-3:15pm
SEA
Session  59C
Time Series Techniques in International Finance

Chair:  John J. Reid,  University of Memphis

Papers:
"The Evidence of Hysteresis in Sectoral Trade Data"
   Tammy A. Rapp,  Northeast Louisiana University
"Exchange Rate Dynamics Before a Monetary Union: The German Experience"
   Yu-Li Wang,  University of Virginia
"PPP in Latin America: A Cointegration Test of the Casselian Hypothesis"
   Frank R. Gunter,  Lehigh University
   Carolyn Fabian Stumph,  Lehigh University
"Purchasing Power Parity in High Inflation Countries: A Cointegration Analysis of Integrated Variables with Trend Breaks"
   Su Zhou,  University of Texas - San Antonio
Discussants:
   Kailash Khandke,  Furman University

Friday
1:30-3:15pm
SEA
Session  60C
Telecommunications Regulation and Deregulation

Chair:  Henry E. Kilpatrick, Jr.,  George Mason University

Papers:
"Developing Unbiased Price Cap Formulas"
   Elisabeth Colleran,  Hagler Bailly Consulting, Inc.
   Francis J. Cronin,  Hagler Bailly Consulting, Inc.
   Richard Raczkowski,  Hagler Bailly Consulting, Inc.
"The Telecommunications Deregulation Act of 1996: A Reversal of the 1982 Consent Decree?"
   Monica Greer,  University of Kentucky
"The Impact of Relaxed Regulation of AT&T on Local Rates"
   Simran K. Kahai,  Tuskegee University
   David L. Kaserman,  Auburn University
"Regulation and Unbundling of Service: Cable Television Industry"
   Yasuji Otsuka,  University of Orlando
Discussants:
   Craig A. Depken II,  University of Texas - Arlington
   Robert T. Sienkiewicz,  National Institute of Standards and Technology

Friday
1:30-3:15pm
SEA
Session  61C
Asset Valuation

Chair:  Norman Keith Womer,  University of Mississippi

Papers:
"Capital Asset Prices Under Stochastic Dominance Criteria"
   John R. McNamara,  Lehigh University
"A Sensitivity Analysis of Asset Pricing Models"
   Russell Rhine,  West Virginia University
"Common Long-Memory Components of Intraday Stock Prices"
   Frederick H. deB. Harris,  Wake Forest University
   Thomas H. McInish,  Memphis State University
   Robert A. Wood,  Memphis State University
Discussants:
   Frederick W. Derrick,  Loyola College
   Paul A. Natke,  Central Michigan University

Friday
1:30-3:15pm
SEA
Session  62C
Externalities

Chair:  Shawna Grosskopf,  Southern Illinois University

Papers:
"Diversity and Growth"
   David B. Audretsch,  Georgia State University
   Adam K. Korobow,  Georgia State University
"Optimal Liability Insurance for (Limited Liability) Corporations"
   Moin A. Yahya,  University of Toronto
Discussants:
   Fred C. Graham,  American University

Friday
1:30-3:15pm
SEA
Session  63C
To Love, Honor, and Commute or Until Job Searches Do Us Part (A Panel Discussion About the Career Options of Economists Married to Other Economists.)

Moderator:
   J. Rody Borg,  Jacksonville University
Panelists:
   J. Rody Borg,  Jacksonville University
   Mary O. Borg,  University of North Florida
   Cindy Jacobs,  Wethersfield, CT
   Miguel D. Ramirez,  Trinity University

Friday
1:30-3:15pm
SEA
Session  64C
Monetary Policy Rules in Theory and Practice

Moderator:
   John Taylor,  Stanford University
Panelists:
   Roberto Chang,  Federal Reserve Bank of Atlanta
   David H. Papell,  University of Houston

Friday
1:30-3:15pm
SEA*
Session  65C*
Private Provision of Law and Law Enforcement

Chair:  Bruce L. Benson,  Florida State University

Papers:
"The Market for Legal Assent"
   David D. Friedman,  Santa Clara University
"Law on the Range: Providing Law Enforcement in the Free Grass Era"
   Andrew P. Morriss,  Case Western Reserve University
"The Evolution of Remedies in Ancient Law"
   Francesco Parisi,  George Mason University
"Ordered Anarchy in Medieval Iceland"
   Birgir Runolfsson T. Solvason,  University of Iceland
Discussants:
   Bruce L. Benson,  Florida State University
   Bryan D. Caplan,  George Mason University
   David E.R. Gay,  University of Arkansas
   Paul H. Rubin,  Emory University

Friday
1:30-2:15pm
SEA*
Session  66C*
Women in the Firm and the Academy: The Impact of Technological Change (A Roundtable Discussion)

Moderator:
   Robert McCormick,  Clemson University
Panelists:
   Elizabeth Becker,  Price Waterhouse
   Stacey Kole,  University of Rochester
   Kris Krauza Sikes,  Bell South

Friday
1:30-3:15pm
SEA*
Session  67C*
Relationships and Perceptions Between Citizens and Politicians Within the Context of the Public Budgetary Process

Chair:  William Orzechowski,  Tobacco Institute

Papers:
"Ambiguity, Voter Maximization, and the 1974 Congressional Budget Act"
   Hayden Bryan,  Joint Economic Committee
   William Orzechowski,  Tobacco Institute
"The Divorce Between Payment and Use: Implications for the Stability of Miss-Information and the Hardiness of Bad Messages"
   Michael Marlow,  University of California - San Luis Obispo
   William Orzechowski,  Tobacco Institute
"Budgetary Rules and Public Sector Size"
   John Berthoud,  De Tocqueville Institute
Discussants:
   Hayden Bryan,  Joint Economic Committee
   Robert Mottice,  George Mason University
   Paul Taylor,  The Community Bankers Association

Friday    3:30 and After

Session 68D*DISTINGUISHED GUEST LECTURER
Session 69DPresentation of the Eleventh Annual Georgescu-Roegen Prize in Economics for the Best Article Published During the Past Year in the Southern Economic Journal
Session 70EPost-Lecture Cash Bar and Job Market Poster-Fair
Session 71EInternational Association for Feminist Economics - Business Meeting

Friday
3:30-4:30pm
SEA*
Session  68D*
DISTINGUISHED GUEST LECTURER

Introduction:
   William A. Darity, Jr.,  University of North Carolina
   President, Southern Economic Association
Speaker:
   Vernon Smith,  University of Arizona
Topic:
"The Two Faces of Adam Smith"

Friday
4:30pm
SEA
Session  69D
Presentation of the Eleventh Annual Georgescu-Roegen Prize in Economics for the Best Article Published During the Past Year in the Southern Economic Journal

Presentation by:
   William A. Darity, Jr.,  University of North Carolina
   President, Southern Economic Association

Friday
4:45-6:30pm
SEA
Session  70E
Post-Lecture Cash Bar and Job Market Poster-Fair

(Everyone welcome. Come greet old friends and see the dissertation posters of doctoral students who are in the job market.)

Friday
4:45-5:45pm
IAFFE
Session  71E
International Association for Feminist Economics -
Business Meeting

Saturday    8:30 - 10:15am

Session 72F*Inflation and Capital Markets
Session 73FIssues in Banking
Session 74F*Economics of Crime
Session 75F*The Economics and Law of Antitrust
Session 76F*Economic Potpourri
Session 77F*Topics in the Economic History of the South
Session 78F*The South African Economy in Transition
Session 79F*Economics of Higher Education
Session 80FInternational Economics and Finance Society
Session 81FNew Applications of the Hedonic Method
Session 82FWhat Facilitates Learning in Games and Markets?
Session 83FIndustrial Organization
Session 84FState and Local Government
Session 85FLabor Markets
Session 86FMarket Structure, Firm Strategy, and Market Performance
Session 87FValuing the Environment and Pricing Pollution
Session 88FDecision-Making Under Uncertainty
Session 89FThe Role of Policy Intervention or Institutional Change in Economic Development
Session 90F*Intellectual Property Rights and Economic Progress
Session 91FCurrent Research in Market Process Theory
Session 92FOmicron Delta Epsilon
Session 93F*Public Economics
Session 94FTechnical Aspects of Forensic Economics Practice

Saturday
8:30-10:15am
SEA*
Session  72F*
Inflation and Capital Markets

Chair:  Michael Aarstol,  University of Georgia

Papers:
"Unexpected Inflation, Inflation Uncertainty, and Stock Returns"
   Kiseok Lee,  University of Missouri - Columbia
"Stocks, Bonds, and Inflation Regime Shifts"
   Sang-Sub Lee,  University of South Florida
"Liquidity, Capital and the Effects of Inflation Uncertainty"
   Dennis Powers,  University of College Cork - Ireland
"Inflation, Real Stock Returns, and Federal Funds Rate Policy"
   Fred C. Graham,  American University
Discussants:
   Hashem Dezhbakhsh,  Emory University
   Marco Espinosa,  Federal Reserve Bank of Atlanta
   Jill M. Hendrickson,  University of the South

Saturday
8:30-10:15am
SEA
Session  73F
Issues in Banking

Chair:  Daniel Himarios,  University of Texas - Arlington

Papers:
"The Effect of Risk-Basked Capital Requirements on Profit Efficiency of U.S. Banks"
   Rolf Fare,  Southern Illinois University
   Shawna Grosskopf,  Southern Illinois University
   William L. Weber,  Southeast Missouri State University
"Consolidation in the Banking Industry and the Viability of Small Commercial Banks: Evidence from Stochastic Frontier Analysis"
   Kevin Rogers,  Mississippi State University
"The Importance of Being Unimportant: The Italian Banking Structure and the Credit Channel"
   Maria Minniti,  Babson College
Discussants:
   David Y. Chen,  North Carolina A&T State University
   Jon Vilasuso,  Clarkson University

Saturday
8:30-10:15am
SEA*
Session  74F*
Economics of Crime

Chair:  Kwabena Gyimah-Brempong,  University of South Florida

Papers:
"Entrepreneurial Police and Drug Enforcement Policy"
   Bruce L. Benson,  Florida State University
   Brent Mast,  Florida State University
   David Rasmussen,  Florida State University
"Is the Criminal Justice System Just?"
   John Goodman,  National Center for Policy Analysis
   Philip Porter,  University of South Florida
"Drug Use, the Media, and the Demand for Police Protection"
   Hope Corman,  Rider University
   Naci Mocan,  University of Colorado - Denver
"Estimating Marginal Deterrence with Panel Data"
   Christopher Cornwell,  University of Georgia
   William Trumbull,  West Virginia University
Discussants:
   Juliet Elu,  Spelman College
   Anthony Gyapong,  Pennsylvania State University - Orgontz

Saturday
8:30-10:15am
SEA*
Session  75F*
The Economics and Law of Antitrust

Chair:  Donald J. Boudreaux,  Clemson University

Papers:
"Entry to Fight Monopolization: The Case of BMI"
   Andrew N. Kleit,  Louisiana State University
"Measuring Spatial Competition in Auction Markets"
   Lance Brannman,  Vanderbilt University
   Luke Froeb,  Vanderbilt University
"Lessons of Competition Policy Reform in Transition Economies for U.S. Antitrust Policy"
   William E. Kovacic,  George Mason University
Discussants:
   Kenneth G. Elzinga,  University of Virginia
   Edward J. Lopez,  George Mason University
   William F. Shughart II,  University of Mississippi

Saturday
8:30-10:15am
SEA*
Session  76F*
Economic Potpourri

Chair:  Henry Thompson,  Auburn University

Papers:
"New Answers to Old Questions about Energy Resources"
   Greg Dempster,  Auburn University
   Luis Dopico,  Auburn University
"A Note on the Rybczynski Theorem"
   Mark L. Brandly,  Auburn University
"Interstate Investment Incentives"
   Pete Calcagno,  Auburn University
"Is the Market a Test of Truth and Beauty"
   Leland Yeager,  Auburn University

Saturday
8:30-10:15am
SEA*
Session  77F*
Topics in the Economic History of the South

Chair:  Don Mathews,  Coastal Georgia Community College

Papers:
"The Transformation of Agricultural Production in Northern Mississippi, 1830-1860"
   Bruce MacTavish,  University of Kansas
"The Political Economy of Georgia Governor Joseph E. Brown"
   Carole Scott,  State University of West Georgia
"The Economics of Distinctiveness"
   Thomas Woods,  Columbia University
"Slaveholding in Glynn County, Georgia, 1850-1860"
   Don Mathews,  Coastal Georgia Community College
Discussants:   Paper Presenters

Saturday
8:30-10:15am
SEA*
Session  78F*
The South African Economy in Transition

Chair:  Charles Becker,  Economics Institute

Papers:
"Choosing Democracy: The Transition in South Africa"
   Peter Rosendorff,  University of Southern California
"Income Distribution and the Democratic Transition in South Africa: An Empirical Investigation"
   Anton D. Lowenberg,  California State University
   Michael D. McGrath,  University of Natal - South Africa
"The Gravity of Sanctions Against South Africa: A Gravity Model Examination of Trade Sanctions Severity"
   William H. Kaempfer,  University of Colorado
Discussant:
   Charles Becker,  Economics Institute

Saturday
8:30-10:15am
SEA*
Session  79F*
Economics of Higher Education

Chair:  Robert Toutkoushian,  University System of New Hampshire

Papers:
"The Oaxaca Decomposition Revisited"
   Emily Hoffman,  Western Michigan University
"Problems of Missing Student Data and the Importance of Class Size in Student Achievement"
   William E. Becker,  Indiana University
   John Powers,  Indiana University
   Philip Saunders,  Indiana University
"Faculty Time Allocations: Gender, Race, and Family Effects"
   Marcia Bellas,  University of Cincinnati
   Georganne Rundblad,  Illinois Wesleyan University
   Robert K. Toutkoushian,  University System of New Hampshire
"Race and Marital Differences in Faculty Pay"
   Robert Toutkoushian,  University System of New Hampshire
Discussants:
   Mary B. Hampton,  University of Wisconsin - La Crosse
   Paula E. Stephan,  Georgia State University

Saturday
8:30-10:15am
IEFS
Session  80F
International Economics and Finance Society

Chair:  Henry Thompson,  Auburn University

Papers:
"Open Economy Endogenous Growth: A Theoretical and Empirical Investigation"
   Walter Fisher,  Institute for Advanced Studies - Austria
"Endogenous Growth Under Trade Liberalization"
   Adrian De Leon Arias,  Universidad de Guadalahara - Mexico
"An Empirical Analysis of Factor Abundance with Many Factors and Many Countries"
   Farhad Rassekh,  Hartford University
   Henry Thompson,  Auburn University
"A State Space Model of the Trade Balance Between Japan and the U.S."
   Murli Buluswar,  Capital One Financial Service
   Jon M. Ford,  University of Texas - Arlington
   Henry Thompson,  Auburn University
Discussants:   TBA

Saturday
8:30-10:15am
SAPPCREE III
Session  81F
New Applications of the Hedonic Method

Chair:  Laura L. Osborne,  Georgia State University

Papers:
"Using Spatial Econometric Techniques to Estimate Hedonic Models"
   Kathleen Bell,  University of Maryland
"Does Research Add Value to an Undergraduate Degree? A Hedonic Analysis"
   John K. Horowitz,  University of Maryland
   V. Kerry Smith,  Duke University
"Second-Stage Estimation of a Hedonic Model for Water Clarity"
   Kevin Boyle,  University of Maine
   Steve Lawson,  University of Maine
   Roy Bouschard,  Maine Department of Environmental Protection
"A Hedonic Price Analysis of Coastal Erosion"
   George Parsons,  University of Delaware
   Mike Powell,  Delaware Department of Natural Resources and Environmental Control
Discussants:   Paper Presenters

Saturday
8:30-10:15am
ESA II
Session  82F
What Facilitates Learning in Games and Markets?

Chair:  Nick Feltovich,  University of Houston

Papers:
"Comparison of Uniform Price and Vickrey Auction in a Simple Multi-unit Demand Environment"
   John Kagel,  University of Pittsburgh
   Dan Levin,  Ohio State University
"Magic on the Internet: Evidence from Field Experiments on Reserve Prices in Auctions"
   David Lucking-Reiley,  Vanderbilt University
"Corporate Board Composition and Voting Behavior"
   Ann B. Gillette,  Georgia State University
   Tom Noe,  Georgia State University
   Mike Rebello,  Georgia State University
"Contingent Bidding, Externalities, and the BICAP Auction"
   Paul Brewer,  Georgia State University
Discussants:
   Douglas D. Davis,  Virginia Commonwealth University
   Charles A. Holt,  University of Virginia
   Nick Feltovich,  University of Houston
   Charles R. Plott,  California Institute of Technology

Saturday
8:30-10:15am
CSWEP III
Session  83F
Industrial Organization

Chair:  Catherine Eckel,  National Science Foundation

Papers:
"Change in Ownership and Public Finances in the United Kingdom: An Empirical Assessment"
   Chiara Gratton,  Virginia Polytechnic Institute & State University
"How Big is Too Big for Hubs: An Analysis of Marginal Spoke Profitability"
   Leola Ross,  Seattle University
   Stephen J. Schmidt,  Union College
"Firm Structure and Choice of Technique: An Unexplored Determinant"
   Mary Orisich,  University of Massachusetts - Amherst
"Comparing Social Feminism and Liberal Feminism: The Case of New Firm Growth"
   Nancy M. Carter,  Marquette University
   Mary L. Williams,  Widener University
Discussants:
   Kathryn H. Anderson,  Vanderbilt University
   Richard Stemple,  Texas Tech University

Saturday
8:30-10:15am
SEA
Session  84F
State and Local Government

Chair:  Peter Maynard,  Virginia Commonwealth University

Papers:
"State and Local Government and the Redistribution Objective"
   Roy Bahl,  Georgia State University
   Jorge Martinez-Vasquez,  Georgia State University
   Sally Wallace,  Georgia State University
"Pension Migration: Fiscal Implications for the Origin State"
   Frederick W. Derrick,  Loyola College
   Charles E. Scott,  Loyola College
"Georgia's Job Tax Credit: An Analysis of the Characteristics of Eligible Firms"
   Dagney Faulk,  Georgia State University
Discussants:
   Mary O. Borg,  University of North Florida
   Laurent Martin,  University of Maryland

Saturday
8:30-10:15am
SEA
Session  85F
Labor Markets

Chair:  Tim Campbell,  Bureau of Labor Market Information

Papers:
"Experience, Tenure, and the Perceptions of Employers"
   Danielle Lewis,  Southeastern Louisiana University
   Dek Terrell,  Louisiana State University
"The Regional Impact of Economic Transformation in the United States: II"
   Robert J. Ellis, Jr.,  Southern Illinois University - Carbondale (Emeritus)
   Cynthia Haliemun,  Iowa Wesleyan College
"Regional Labor Market Dynamics Across the Forty-Eight United States"
   John K. Mullen,  Clarkson University
   Martin Williams,  Northern Illinois University
Discussants:
   W. David Allen,  University of Alabama - Huntsville
   Andrew L.H. Parkes,  Southwestern University

Saturday
8:30-10:15am
SEA
Session  86F
Market Structure, Firm Strategy, and Market Performance

Chair:  Mary E. Deily,  Lehigh University

Papers:
"Vertical Product Differentiation when Quality is Scarce: The Case of n > 3 Firms"
   Mark Frascatore,  Clarkson University
"Market Approval for Orphan Drugs"
   Angela B. Ritzert,  University of Kentucky
"Firm Performance and R&D Cooperation"
   Saloua Sehili,  Georgia State University
"The Effect on Competitive Balance Due to the Redistribution of Inputs in Professional Sports: A Look at the National Hockey League"
   Dennis P. Wilson,  University of Kentucky
Discussants:
   Thomas E. Cooper,  Lyon College

Saturday
8:30-10:15am
SEA
Session  87F
Valuing the Environment and Pricing Pollution

Chair:  Janusz R. Mrozek,  Georgia Institute of Technology

Papers:
"Problems with Indicators: The Challenge of Critical Irreversibilities"
   Michael C. Farmer,  Georgia Institute of Technology
   Alan Randall,  Ohio State University
"Transactions Costs in Tradable Emissions Markets: An Empirical Study of the Regional Clean Air Incentives Market in Los Angeles"
   Lata Gangadharan,  University of Southern California
"Measuring Recreation Benefits with Contingent Behavior Data: An Analysis of the Participation and Intensity Decision with Count Data Models"
   Timothy C. Haab,  East Carolina University
   Ju-Chin Huang,  East Carolina University
   John C. Whitehead,  East Carolina University
"An Experimental Comparison of Open-Ended and Dichotomous Choice Valuation Responses Using a Revealed Preference Metric"
   James H. Murphy,  Georgia State University
Discussants:
   Kevin Rask,  Colgate University
   Fred E. Williams,  Montreat College

Saturday
8:30-10:15am
SEA
Session  88F
Decision-Making Under Uncertainty

Chair:  John R. McNamara,  Lehigh University

Papers:
"Uncertainty, Information, and Investment"
   Fathali Firoozi,  University of Texas - San Antonio
"Price Regulation, Demand Uncertainty and the Quality Setting Firm"
   Jorge Ibarra-Salazar,  Instituto Technologico y de Estudios Superiores de Monterrey
"Expected Utility Maximizing Distributions for Common Utility Functions: Algorithms and Inference"
   John Burnett,  University of Alabama - Huntsville
   Paul D. Thistle,  Western Michigan University
"General Equilibrium Model of an Economy with Futures Market and Endogenous Industry Formation Based on Risk Aversion"
   Roman Cech,  University of Virginia
Discussants:
   Brad Kamp,  University of South Florida
   Raymundo Rodriguez,  Instituto Technologico y de Estudios Superiores de Monterrey

Saturday
8:30-10:15am
SEA
Session  89F
The Role of Policy Intervention or Institutional Change in Economic Development

Chair:  Penelope B. Prime,  Kennesaw State University

Papers:
"Export Diversification in Markets?"
   Gian Abutalebi,  University of Texas - Dallas
   Sheila Amin Gutierrez DePineres,  University of Texas - Dallas
"Does Public Investment Enhance Productivity Growth in Chile? A Cointegration Analysis"
   Miguel D. Ramirez,  Trinity University
"Recent Institutional Change in Guyana and its Impact on the Growth of Small Business"
   Joseph M. Perry,  University of North Florida
   Stephen L. Shapiro,  University of North Florida
   Louis A. Woods,  University of North Florida
"Privatization and Inefficiency in Selected Sub-saharan African Countries"
   Ghirmay Ghebreysus,  Grambling State University
   Osman Suliman,  Millersville University
Discussants:
   Michael A. Anderson,  Washington and Lee University

Saturday
8:30-10:15am
SEA*
Session  90F*
Intellectual Property Rights and Economic Progress

Chair:  Francis W. Rushing,  Georgia State University

Papers:
"Intellectual Property Rights and the Internet"
   Carole Ganz Brown,  National Science Foundation
"The Effects of the Improvement of Intellectual Property Rights on the Prices of Pharmaceuticals: International Comparisons"
   Richard T. Rapp,  National Economic Research Associates, Inc.
   Richard P. Rozek,  National Economic Research Associates, Inc.
"Intellectual Property Rights as a Stimulus to Innovation"
   Francis W. Rushing,  Georgia State University
   Mark A. Thompson,  Marshall University
Discussants:
   David B. Audretsch,  Georgia State University
   Michael B. Landau,  Georgia State University
   Richard P. Rozek,  National Economic Research Associates, Inc.

Saturday
8:30-10:15am
SDAE I
Session  91F
Current Research in Market Process Theory

Chair:  Peter J. Boettke,  Manhattan College

Papers:
"How Does the Rule of Law Solve the Economic Knowledge Problem?"
   M. Royce Van Tassell,  Utah State University
"The Role of the Entrepreneur in the Neo-classical Theory of the Firm"
   Danny G. LeRoy,  University of Guelph - Canada
"A Geographical Perspective on Austrian Economics"
   Pierre Desrochers,  University of Montreal - Canada
Discussants:   TBA

Saturday
8:30-10:15am
ODE
Session  92F
Omicron Delta Epsilon

Chair:  James Bradley, Jr.,  University of South Carolina

Papers:
"Contribution of Human Capital to Economic Growth: A Comparative Study of Selected Countries"
   Adama Coulibaly,  Howard University
"Country Risk in International Credit Markets: An Empirical Analysis of Risk Premium in LDC Borrowing"
   Nil Demircubuk,  Clemson University
"Peer Rankings of Ph.D. Programs: Is There a Southern Bias?"
   Andre Thomas,  University of Alabama
"Exchange Rate Dynamics Before a Monetary Union: The German Experience"
   Yu-Li Wang,  University of Virginia
Discussants:
   Ilan Alon,  Kent State University
   Zhengiu Liu,  University of Tennessee
   Patrice K. Wadja,  Howard University

Saturday
8:30-10:15am
SEA*
Session  93F*
Public Economics

Chair:  Arthur Snow,  University of Georgia

Papers:
"Optimal Nonlinear Income Taxation Without Commitment"
   Jonathan H. Hamilton,  University of Florida
   Steven M. Slutsky,  University of Florida
"Labor Market Integration, Investment in Risky Human Capital, and Fiscal Competition"
   David E. Wildasin,  Vanderbilt University
"The Relationship Between Excess Burden and the Marginal Welfare Cost of Taxation"
   Arthur Snow,  University of Georgia
Discussants:
   Dan A. Black,  University of Kentucky
   Myra L. Moore,  Texas Christian University
   Gregory A. Trandel,  University of Georgia

Saturday
8:30-10:15am
NAFE I
Session  94F
Technical Aspects of Forensic Economics Practice

Chair:  Luvonia J. Casperson,  Louisiana State University

Papers:
"A Judgmental Model for Predicting the Length of the Wage Catch-up Period in Wrongful Termination Cases"
   James Plummer,  QED Research, Inc.
"Cost-Benefit Analysis in Healthcare: Its Use by Forensic Economists"
   Bradley Hobbs,  Ballarmine College
   Frank Slesnick,  Ballarmine College
"An Approach for Dealing with Small Sample Sizes in Employment Discrimination Litigation"
   Michael J. Piette,  Analytical Economics, Inc.
   Paul White,  Economic Research Services, Inc.
Discussants:
   Bradley T. Ewing,  Georgia Southern University
   S.B. Jones-Hendrickson,  University of the Virgin Islands
   Patricia L. Pacey,  Pacey Economics, Inc.

Saturday    10:30 - 12:15pm

Session 95G*Bank Powers and Corporate Structure
Session 96G*Property Rights and Public Goods
Session 97GDowns and Ups in the Number of Economics Majors (Trends in Undergraduate Economics Degrees: A 1995-96 Update)
Session 98G*Oxford Economic Papers
Session 99G*Law and Economics: Retrospect and Prospect
Session 100G*Economics of Religion
Session 101G*The Economics of War and Peace
Session 102G*Does State and Local Fiscal Policy Matter for Economic Growth?
Session 103G*Using the World-Wide Web in Economics Classes: A Round Table Discussion
Session 104GMonetary and Fiscal Policy Issues: An International Perspective
Session 105GReputation, Society, and Exchange
Session 106GWomen's Labor Market and Health Issues
Session 107GHousing Policy
Session 108GHealth Economics II
Session 109GExchange Rates
Session 110GEnvironmental Regulation in Local and Global Contexts
Session 111GMarket Dominance: Causes and Consequences
Session 112GEmpirical Industry Studies
Session 113GSelected Topics in Economic Development
Session 114GAustrian Macro and Monetary Theory
Session 115G*Industrial Organization Topics
Session 116G*Economics of Political Institutions
Session 117GCurrent Issues in Forensic Economics

Saturday
10:30am-12:15pm
SEA*
Session  95G*
Bank Powers and Corporate Structure

Moderator:
   Larry R. Mote,  Office of the Comptroller of the Currency
Panelists:
   Philip F. Bartholomew,  Office of the Comptroller of the Currency
   Harry Hassanwalia,  The Royal Bank of Canada
   Larry D. Wall,  Federal Reserve Bank of Atlanta

Saturday
10:30-am-12:15pm
SEA*
Session  96G*
Property Rights and Public Goods

Chair:  Roger Meiners,  University of Texas - Arlington

Papers:
"The Not So 'Wild Wild West': Property Rights Entrepreneurs on the Frontier"
   Terry Anderson,  PERC Organization
   P.J. Hill,  Wheaton College
"Public Good Aspects of Public Decisions"
   Richard L. Stroup,  PERC Organization and Montana State University
"Public Sector Inefficiency in Large U.S. Cities"
   Philip Grossman,  University of Texas - Arlington
   Panayiotis Mavros,  Wayne State University
   Robert W. Wassmer,  California State University - Sacramento
"Existence Value as an Externality"
   Donald J. Boudreaux,  Clemson University
   Roger Meiners,  University of Texas - Arlington
"Pigou and Coase: Who's Winning?"
   Bruce Yandle,  Clemson University
Discussants:
   Fred McChesney,  Cornell University
   Bruce Yandle,  Clemson University

Saturday
10:30am-12:15pm
SEA*
Session  97G
Downs and Ups in the Number of Economics Majors (Trends in Undergraduate Economics Degrees: A 1995-96 Update)

Moderator:
   John J. Siegfried,  Vanderbilt University
Panelists:
   David G. Brown,  Wake Forest University
   Barbara Haskew,  Middle Tennessee State University
   Clark Ross,  Davidson College
   Michael Salemi,  University of North Carolina

Saturday
10:30am-12:15pm
SEA*
Session  98G*
Oxford Economic Papers

Chair:  William F. Shughart II,  University of Mississippi

Papers:
"Auctions vs. Lotteries: Do Institutions Matter?"
   Robert Dorsey,  University of Mississippi
   Laura Razzolini,  University of Mississippi
"National and Regional Effects of Immigrants on Native Employment Levels"
   Tanja F. Blackstone,  University of Mississippi
   Peter M. Williams,  University of Mississippi
"Corruption and Drivers Licenses: A Game-Theoretic Approach"
   Atin Basuchoudhary,  University of Mississippi
   John R. Conlon,  University of Mississippi
   Laura Razzolini,  University of Mississippi
"Co-Movement Between Economic Time Series in the Short, Medium and Long Run"
   Scott Gilbert,  University of Mississippi
Discussants:
   James F. Couch,  University of North Alabama
   Paul Pecorino,  University of Alabama

Saturday
10:30am-12:15pm
SEA*
Session  99G*
Law and Economics: Retrospect and Prospect

Chair:  Charles K. Rowley,  Locke Institute and George Mason University

Papers:
"The Case Against the Common Law"
   Gordon Tullock,  University of Arizona
"The Case in Favor of the Civil Code"
   Francesco Parisi,  George Mason University
"Law and Economics and the Transition Economies"
   Paul H. Rubin,  Emory University
"Law and Economics from an Economics Perspective"
   Charles K. Rowley,  Locke Institute and George Mason University
Discussants:
   Francesco Parisi,  George Mason University
   Charles K. Rowley,  Locke Institute and George Mason University
   Paul H. Rubin,  Emory University
   Gordon Tullock,  University of Arizona

Saturday
10:30am-12:15pm
SEA*
Session  100G*
Economics of Religion

Chair:  Gary Anderson,  California State University - Northridge

Papers:
"Established Churches Aren't So Bad after All"
   Brooks Hull,  University of Michigan - Dearborn
   Gerald F. Moran,  Unaffiliated
"The Vertical Economic Organization of the Presbyterian Usa Church"
   Audrey B. Davidson,  University of Louisville
   Robert B. Ekelund, Jr.,  Auburn University
   Robert D. Tollison,  George Mason University
"The Economics of Immigrant Religion: The Experience of the American Jews as a Case Study"
   Carmel Chiswick,  University of Illinois - Chicago
"Law, Economics and the Medieval Church"
   Gary Anderson,  California State University - Northridge
Discussants:   Panelists

Saturday
10:30am-12:15pm
SEA*
Session  101G*
The Economics of War and Peace

Chair:  Dolores Martin,  Eastern New Mexico University

Papers:
"The Federal Interest Burden of the American Civil War"
   William G. Gissy,  Morehouse College
"Peace as an International Public Good"
   Jurgen Brauer,  Augusta State University
"The Macroeconomics of War and Peace"
   John Wells,  Auburn University
"Wars and Rumors of Wars: London Financial Markets During the War of Spanish Succession"
   Doug Wills,  Sweet Briar College
Discussants:
   William G. Gissy,  Morehouse College
   Randy McFerrin,  Eastern New Mexico University
   John Wells,  Auburn University
   Doug Wills,  Sweet Briar College

Saturday
10:30am-12:15pm
SEA*
Session  102G*
Does State and Local Fiscal Policy Matter for Economic Growth?

Chair:  Cecil E. Bohanon,  Ball State University

Papers:
"State Cigarette Taxes: A Public Choice Perspective"
   Bill Hunter,  Marquette University
"Marginal Tax Rates and State Economic Performance: Further Evidence"
   Zsolt Besci,  Federal Reserve Bank of Atlanta
"Tax Structure and Economic Performance: Some Cross Sectional Evidence"
   Cecil E. Bohanon,  Ball State University
   James E. McClure,  Ball State University
Discussants:
   Alexander Tabarrock,  Ball State University

Saturday
10:30am-12:15pm
SEA*
Session  103G*
Using the World-Wide Web in Economics Classes: A Round Table Discussion

Moderator:
   Gregory A. Trandel,  University of Georgia
Roundtable Participants:
   David Boldt,  State University of West Georgia
   Mark E. McBride,  Miami University
   Mark Rush,  University of Florida
   Scott P. Simkins,  North Carolina A&T State University

Saturday
10:30am-12:15pm
SEA
Session  104G
Monetary and Fiscal Policy Issues: An International Perspective

Chair:  K. Thomas Varghese,  James Madison University

Papers:
"The Substitutability Between Money and Near Monies: An Investigation Utilizing Swiss Monetary Aggregates"
   Tammy A. Rapp,  Northeast Louisiana University
   Subhash C. Sharma,  Southern Illinois University
"Openness and Inflation: OECD Countries Revisited"
   Cynthia Royal Tori,  University of North Carolina - Charlotte
"A Two-Country Model with Different Wage Structures: Some Implications for the EMU"
   Tao-Chen Yeh,  University of Alabama
"Do Budget Deficits Really Affect Foreign Trade? An International Investigation"
   Hassan Mohammadi,  Illinois State University
   Neil T. Skaggs,  Illinois State University
Discussants:
   Alfred V. Guender,  University of Canterbury - New Zealand
   Joachim Zietz,  Middle Tennessee State University

Saturday
10:30am-12:15pm
ESA III
Session  105G
Reputation, Society, and Exchange

Chair:  Catherine Eckel,  National Science Foundation

Papers:
"Is Reputation a Substitute for Commitment in the Peasant-Dictator Game"
   John Van Huyck,  Texas A&M University
"Does the Star Lose its Shine in Another Auction Institution?"
   Sheryl Ball,  Virginia Polytechnic Institute & State University
   Catherine Eckel,  National Science Foundation
   Philip Grossman,  University of Texas - Arlington
"Cultural Determinants of Economic Success"
   Richard Beil,  Auburn University
   T. Randolph Beard,  Auburn University
   Yoshiharu Mataga,  University of Kobe - Japan
Discussants:
   Heike Hennig-Schmidt,  University of Bonn
   Jason Shachat,  University of California - San Diego
   Steven Stewart,  University of New Mexico

Saturday
10:30am-12:15pm
CSWEP II
Session  106G
Women's Labor Market and Health Issues

Chair:  Mary L. Williams,  Widener University

Papers:
"Why Doesn't She Leave: A Note on Domestic Violence"
   Laura Razzolini,  University of Mississippi
   Marci Rossell,  Federal Reserve Bank of Dallas
"From the Earth to My Bosom: Pesticides and Breast Cancer - A Model of Externalities and Decision Making"
   Beena Varghese,  University of Memphis
   Shelley White-Means,  University of Memphis
"Tackling Endogeneity: Alternatives for Analysis of Women's Employment and Child Care in Brazil"
   Deborah S. DeGraff,  Bowdoin College
   Rachel Connelly,  Bowdoin College
   Deborah Levison,  University of Minnesota
   Brian McCall,  University of Minnesota
"Earnings in the Social Sciences: An Analysis of the Effects of Graduate Education, Experience and Gender"
   Richard Stemple,  Texas Tech University
Discussants:
   Elizabeth Patch,  Bloomsburg University

Saturday
10:30am-12:15pm
SEA
Session  107G
Housing Policy

Chair:  Steve Maguire,  Georgia State University

Papers:
"Are Sections 8 Housing Subsidies Too High?"
   Amy D. Crews,  Syracuse University
   Edgar O. Olsen,  University of Virginia
"The Tax Treatment of Owner-Occupied Housing: Effects on Tenure Choice, and the Demands for Housing, Mortgage Debt, and Nonhousing Assets"
   Ellen A. Merry,  University of Virginia
"The Distribution of Benefits from the Mortgage Interest Deduction"
   David H. Eaton,  Murray State University
Discussants:
   James R. Wilbanks,  Office of State Finance (Oklahoma City)
   Moin A. Yahya,  University of Toronto

Saturday
10:30am-12:15pm
SEA
Session  108G
Health Economics II

Chair:  Christoph Schenzler,  Vanderbilt University

Papers:
"The Impact of Federal Guideline Changes on Medicaid Outcomes"
   Julianne Sakowski,  Texas Woman's University
"Characteristics of Children and Families Enrolled in the Bluechip/Caring Programs"
   Judith Lave,  University of Pittsburgh
   Chyongchiou Jeng Lin,  University of Pittsburgh
"Biodiversity Prospecting and the Pharmaceutical Firm"
   Tori Hopper Knight,  North Carolina State University
   Marie Truesdell,  University of Georgia
Discussants:
   Darren Grant,  Georgia Southern University
   John B. Horowitz,  Ball State University

Saturday
10:30am-12:15pm
SEA
Session  109G
Exchange Rates

Chair:  David D. Van Hoose,  University of Alabama

Papers:
"The Behavior of the Real Exchange Rate under Fixed and Floating Exchange Rate Regimes"
   Selahattin Dibooglu,  Southern Illinois University
   Faik Koray,  Louisiana State University
"Foreign Direct Investment and the Real Exchange Rate: The Business Cycle Link"
   Jane Ihrig,  University of Virginia
   Keven McIntyre,  University of Virginia
"A Numerical Simulation of the Relationship Between Savings and the Real Exchange Rate for Small, Open Economies"
   John McDermott,  University of South Carolina
   Roy L. McLean,  University of Southwestern Louisiana
"Exchange Rates, International Relative Prices, and Preferences"
   Elvan Ozlu,  American Express - Phoenix
   Jeff Wrase,  Federal Reserve Bank of Philadelphia
Discussants:
   Frank R. Gunter,  Lehigh University
   Yoonbai Kim,  University of Kentucky

Saturday
10:30am-12:15pm
SEA
Session  110G
Environmental Regulation in Local and Global Contexts

Chair:  Kevin Rask,  Colgate University

Papers:
"Deforestation, Aid and Uncertain Enforcement Costs"
   Paul E. Chambers,  Central Missouri State University
   Richard Jensen,  University of Kentucky
"Enforcement Costs and Environmental Regulatory Instruments"
   Andrew G. Keeler,  University of Georgia
   Janusz R. Mrozek,  Georgia Institute of Technology
"Joint Implementation Projects as a Signaling Game"
   Niels Nannerup,  Aarhus School of Business
"Policy Instruments to Protect Pristine Environments from Subsidence"
   William D. Watson,  Georgia Institute of Technology
Discussants:
   James H. Murphy,  Georgia State University
   Denise L. Stanley,  University of Tennessee

Saturday
10:30am-12:15pm
SEA
Session  111G
Market Dominance: Causes and Consequences

Moderator:
   David Rosenbaum,  University of Nebraska - Lincoln
Panelists:
"Cigarettes"
   Walter Adams,  Trinity University
   James W. Brock,  Miami University
"Microsoft"
   Rochelle Ruffer,  Youngstown State University
   Donald Waldman,  Colgate University
General Conclusions:
   David Rosenbaum,  University of Nebraska - Lincoln
Commenting:
   Luke Froeb,  Vanderbilt University
   Stephen Martin,  University of Copenhagen

Saturday
10:30am-12:15pm
SEA
Session  112G
Empirical Industry Studies

Chair:  Stephen J. Schmidt,  Union College

Papers:
"A Bayesian Stochastic Frontier Analysis of the Efficiency of U.S. Nuclear Power Plants"
   Edward C. Kokkelenberg,  State University of New York - Binghamton
   Julien Van Den Broeck,  University of Antwerp - Belgium
"The Productivity of Computers: An Input-Output Approach"
   Douglas M. Brown,  Georgetown University
   Francis J. Cronin,  Hagler Bailly Consulting, Inc.
"A Microeconomic Analysis of Barter in Broadcasting Industry"
   Akbar Marvasti,  University of Houston - Downtown
Discussants:
   Henry E. Kilpatrick, Jr.,  George Mason University

Saturday
10:30am-12:15pm
SEA
Session  113G
Selected Topics in Economic Development

Chair:  Miguel D. Ramirez,  Trinity University

Papers:
"A Cost Function Analysis of the Mexican Nonelectrical Machinery Industry"
   Dale B. Truett,  University of Texas - San Antonio
   Lila J. Truett,  University of Texas - San Antonio
"Irreversibility of Investment and Uncertainty: Evidence from the OECD Countries"
   Rajeev K. Goel,  Illinois State University
   Rati Ram,  Illinois State University
"Capital Structures in Developing Countries"
   Anuja Rajbhandary,  Emory University
Discussants:
   Arthur Caplan,  Weber State University
   Stephen L. Shapiro,  University of North Florida

Saturday
10:30am-12:15pm
SDAE II
Session  114G
Austrian Macro and Monetary Theory

Chair:  Steven Horwitz,  St. Lawrence University

Papers:
"Variations on the Austrian Monetary Theme: Mises and Schumpeter on the Business Cycle"
   Richard Ebeling,  Hillsdale College
"Deflation and Monetary Calculation"
   Joseph Salerno,  Pace University
"The Effects of the Term Structure of Interest Rates on the Structure of Production"
   Paul Cwik,  Auburn University
Discussants:
   William Butos,  Trinity University
   Steven Horwitz,  St. Lawrence University
   Peter Lewin,  University of Dallas

Saturday
10:30am-12:15pm
SEA*
Session  115G*
Industrial Organization Topics

Chair:  Craig A. Depken II,  University of Texas - Arlington

Papers:
"The Role of Switching Costs in a Durable Goods Market"
   Julie Hunsaker,  Wayne State University
"The Effect of Free Agency on Managerial Efficiency"
   Michael R. Butler,  Texas Christian University
   Myra L. Moore,  Texas Christian University
"NAFTA as a Means of Raising Rivals' Costs"
   Craig A. Depken II,  University of Texas - Arlington
   Jon M. Ford,  University of Texas - Arlington
"Competitiveness and Cyclical Growth"
   Clifton M. Loo,  Experian
Discussants:
   Thursten Fischer,  University of Georgia
   Kamal P. Upadhyaya,  Pennsylvania State University/Berks-Lehigh Valley College

Saturday
10:30am-12:15pm
SEA*
Session  116G*
Economics of Political Institutions

Chair:  Roger L. Faith,  Arizona State University

Papers:
"Districts, Diversity and the Generality of Fiscal Policy"
   W. Mark Crain,  George Mason University
"Constitutional Theory and the Constitutional History of Colonial America"
   Randall G. Holcombe,  Florida State University
"An Economic Theory of Political Parties"
   Roger L. Faith,  Arizona State University
"The Political Economy of the RECLAIM Emissions Market for Los Angeles: Analysis of Choices of Regulatory Scope and Regulatory Instrument"
   Dale Thompson,  Washington University
Discussants:   TBA

Saturday
10:30am-12:15pm
NAFE II
Session  117G
Current Issues in Forensic Economics

Chair:  Michael J. Piette,  Analytical Economics, Inc.

Papers:
"Pleasure Analysis and the Value of Life Literature: Three Different Approaches to Hedonic Damage Testimony"
   Thomas R. Ireland,  University of Missouri - St. Louis
"An Examination of Historical Net Discount Rate Relationships Relative to Medical Care Costs"
   Gregory Gelles,  University of Missouri - Rolla
   Walter D. Johnson,  University of Missouri - Rolla
"Moral Hazards, Subrogation and Economic Efficiency"
   Melvin Hughes,  Valuations & Consulting
Discussants:
   Thomas R. Ireland,  University of Missouri - St. Louis
   James D. Rogers,  Pennsylvania State University
   Melville Z. Wolfson,  Forensic Economics, Inc.

Saturday    1:30 - 3:15pm

Session 118H*Milton Friedman's Legacy as a Teacher
Session 119H*Trade and Human Rights in China
Session 120H*Perspectives on Concealed Weapons
Session 121H*Seemingly Unrelated Session Topics
Session 122H*Can Experimental Methods Provide Relevant Insights for Environmental Damage Assessment?
Session 123H*Deregulation of Electric Utilities
Session 124H*Rent Seeking and Over-Dissipation?
Session 125H*The Impact of International Trade on the Local/State Economies
Session 126H*Economics Courses Enhanced by Computers
Session 127HDynamic Affects of Monetary and Fiscal Policy
Session 128H*Efficiency and Productivity
Session 129HPanel on Women's Progress in Academics
Session 130HDeterminants and Influences of Wages and Unemployment
Session 131HElementary and Secondary Education
Session 132HAntitrust
Session 133HEvaluating Courses and Departments
Session 134HTheoretical Microeconomics and Game Theory
Session 135HEconomic Development, Oil, and Income Distribution
Session 136H*Economic Development vs. Environmental Protection
Session 137HMarket Process and the Theory of the Firm
Session 139HAdam Smith Goes to Moscow
Session 140HEconomic Education and Technology

Saturday
1:30-3:15pm
SEA*
Session  118H*
Milton Friedman's Legacy as a Teacher

Chair:  J. Daniel Hammond,  Wake Forest University

Papers:
"What Made Milton Friedman Distinctive as a Teacher?"
   Gerald P. Dwyer, Jr.,  Federal Reserve Bank of Atlanta and Clemson University
"The Notes for Milton Friedman's Price Theory Course: Economics 300 at the University of Chicago"
   David I. Fand,  George Mason University
"The Formation of Intellectual Consensus: A Study of Friedman's Monetarism"
   Robert Hetzel,  Federal Reserve Bank of Richmond
"Observations on a Constant Teacher by a Graduate Student Emeritus"
   Richard H. Timberlake, Jr.,  University of Georgia
Discussants:
   Phillip D. Cagan,  Columbia University
   George Macesich,  Florida State University

Saturday
1:30-3:15pm
SEA*
Session  119H*
Trade and Human Rights in China

Chair:  James A. Dorn,  Cato Institute

Papers:
"Trade and Human Rights: The Case of China"
   James A. Dorn,  Cato Institute
"Economic Liberalization and the Growth of China's Civil Society"
   Minxin Pei,  Princeton University
"Trade Rules, Rights and Obligations: China and the WTO System"
   Hugh Corbet,  George Washington University
Discussants:
   Zhaohui Hong,  Savannah State University
   Penelope B. Prime,  Kennesaw State University

Saturday
1:30-3:15pm
SEA*
Session  120H*
Perspectives on Concealed Weapons

Chair:  Paul H. Rubin,  Emory University

Papers:
"Mass Public Shootings, Bombings, and the Right-to-carry Concealed Handguns"
   William Landes,  University of Chicago
   John R. Lott, Jr.,  University of Chicago
"Lives Saved or Lives Lost: The Effect of Concealed Handgun Laws on Crime"
   Hashem Dezhbakhsh,  Emory University
   Paul H. Rubin,  Emory University
"Do Right to Carry Laws Deter Violent Crime? Taking the 'Con' out of Econometrics"
   Alan Bartley,  Vanderbilt University
   Mark Cohen,  Vanderbilt University
   Luke Froeb,  Vanderbilt University
Discussants:
   Bruce L. Benson,  Florida State University
   James B. Kau,  University of Georgia
   George Shepherd,  Emory University

Saturday
1:30-3:15pm
SEA*
Session  121H*
Seemingly Unrelated Session Topics

Chair:  David W. Kreutzer,  James Madison University

Papers:
"Preliminary Evidence on the Relationship Between Expressiveness and Voter Turnout"
   David N. Laband,  Auburn University
   Cassandra Copeland,  Auburn University
"Kinder and Gentler vs Rational and Practical: A Candidate Comparative Advantage Explanation for Ticket-Splitting"
   David W. Kreutzer,  James Madison University
"Regulatory Federalism: Is Devolution the Solution or is Preemption Preferable?"
   David J. Zorn,  Food and Drug Administration
   Fletcher Mangum,  Planning and Budget, Commonwealth of Virginia
Discussants:
   Philip Grossman,  University of Texas - Arlington

Saturday
1:30-3:15pm
SEA*
Session  122H*
Can Experimental Methods Provide Relevant Insights for Environmental Damage Assessment?

Moderator:
   Ronald G. Cummings,  Georgia State University
Panelists:
"Limitations on Experimental Methods for Identifying Biases in the CVM: The Circumstances of Choice"
   Carol Mansfield,  Duke University
   V. Kerry Smith,  Duke University
"Experimental Methods and the 'Circumstances of Choice': Empirical Evidence"
   Laura L. Osborne,  Georgia State University
"Impacts of Choice Settings on CV Values"
   Jason Shogren,  University of Wyoming
"Experimental Explorations Related to 'Option Value'"
   David Bjornstad,  Oak Ridge National Laboratory

Saturday
1:30-3:15pm
SEA*
Session  123H*
Deregulation of Electric Utilities

Chair:  A. H. Barnett,  Auburn University

Papers:
"Benchmarking Electric Utility Transmission Performance"
   Robert F. Cope III,  Louisiana State University
   David E. Dismukes,  Louisiana State University
   Dmitry Mesyanzhinov,  Louisiana State University
"Electric Reliability and Deregulation"
   John Chilton,  Columbia, SC
   Ronald P. Wilder,  University of South Carolina
"Regulation and Investment: Evidence from the Electric Utility Industry"
   Thomas P. Lyon,  Indiana University
   John W. Mayo,  Georgetown University
"Lesson from the History of Electric Utility Regulation"
   A. H. Barnett,  Auburn University
   Keith Reutter,  Auburn University
Discussants:
   Chien-Ping Chen,  University of Houston
   George Ford,  MCI Telecommunications
   Monica Greer,  University of Kentucky
   Christopher C. Klein,  Tennessee Regulatory Authority
   Henry Thompson,  Auburn University

Saturday
1:30-3:15pm
SEA*
Session  124H*
Rent Seeking and Over-Dissipation?

Chair:  Gordon Tullock,  University of Arizona

Papers:
"Multiple Buyers, Rent-defending and the Observed Social Costs of Monopoly"
   Douglas D. Davis,  Virginia Commonwealth University
   Robert Reilly,  Virginia Commonwealth University
"The Size of the Prize - Testing Rent-Dissipation when Transfer Quantity is Endogenous"
   Elisabet E.H. Rutstrom,  University of South Carolina
   David Bullock,  Unaffiliated
"Rent Seeking with Bounded Rationality: An Analysis of the All-Pay Auction"
   Simon Anderson,  University of Virginia
   Jacob Goeree,  University of Virginia
   Charles A. Holt,  University of Virginia
Discussants:
   Susan K. Laury,  University of South Carolina
   Gordon Tullock,  University of Arizona

Saturday
1:30-3:15pm
SEA*
Session  125H*
The Impact of International Trade on the Local/State Economies

Chair:  Esmael Adibi,  Chapman University

Papers:
"Challenges of Measuring Economic Impact of International Trade in the Heartland"
   Carlene Hill,  Wichita State University
"The Economic Impact of the U.S. Mexico Trade Increase on Arizona"
   Timothy Hogan,  Arizona State University
"The Attraction of the Foreign Visitors to the U.S.: Case of Air Travel to the Grand Canyon"
   R. Keith Schwer,  University of Nevada - Las Vegas
Discussants:   Paper Presenters

Saturday
1:30-3:15pm
SEA*
Session  126H*
Economics Courses Enhanced by Computers

Chair:  David G. Brown,  Wake Forest University

Papers:
"Teaching Economics with Technology: Stories, Not Theory"
   Barry Keating,  University of Notre Dame
"Dilemmas of Abundance: Choosing the 'Right' Technologies for the Introductory Economics Class"
   Perry Patterson,  Wake Forest University
"Instructional Effectiveness and the Web"
   Betty J. Blecha,  San Francisco State University
"The Economists' Way of Thinking: A First Year Seminary at Wake Forest University Inspired by John Siegfried's Presidential Address"
   David G. Brown,  Wake Forest University
Discussants:
   Tod S. Porter,  Youngstown State University
   John J. Siegfried,  Vanderbilt University

Saturday
1:30-3:15pm
SEA
Session  127H
Dynamic Affects of Monetary and Fiscal Policy

Chair:  Terry Ashley,  University of South Alabama

Papers:
"The Dynamic Effects of Monetary Policy: Comparing and Combining Estimates Using Short-Run and Long-Run Identifying Restrictions"
   William D. Lastrapes,  University of Georgia
"A VAR Model of Investment and Endogenous Capital Utilization"
   Eshragh Motahar,  Union College
"A New Markov Switching Estimator with an Application to New Classical Macroeconomics"
   David Tufte,  University of New Orleans
"The Dynamics of Foreign Debt, Direct Foreign Investment and Exchange Rate: Evidence from Pakistan and Sri Lanka"
   Muhammad Mustafa,  South Carolina State University
   Matiur Rahman,  McNeese State University
Discussants:
   David C. Black,  University of Toledo
   Robert S. Chirinko,  Emory University

Saturday
1:30-3:15pm
SEA*
Session  128H*
Efficiency and Productivity

Chair:  C.A. Knox Lovell,  University of Georgia

Papers:
"Multiproduct Frontier Cost Analysis of Federal Reserve Payments Processing"
   Paul W. Bauer,  Federal Reserve Bank of Cleveland
   Gary D. Ferrier,  University of Arkansas
"Measures of Standard and Regulated Productive Efficiency Change in the Interstate Natural Gas Industry"
   Gerald Granderson,  Miami University
   Carl Linvill,  University of Arkansas
"Measurement of TFP Growth and Technical Change: A Parametric Approach"
   Almas Heshmati,  Gothenburg University - Sweden
   Lennart Hjalmarsson,  Gothenburg University - Sweden
   Subal C. Kumbhakar,  University of Texas
"Financial Liberalization and the Relative Efficiency of Thai Banks"
   Jonathan E. Leightner,  Augusta State University
   C.A. Knox Lovell,  University of Georgia
Discussants:
   Herbert G. Thompson, Jr.,  Christensen Associates

Saturday
1:30-3:15pm
CSWEP I
Session  129H
Panel on Women's Progress in Academics

Moderator:   TBA
Panelists:
   Beth Allen,  University of Minnesota
   Robyn Bartlet,  Denison University
   Catherine Eckel,  National Science Foundation

Saturday
1:30-3:15pm
SEA
Session  130H
Determinants and Influences of Wages and Unemployment

Chair:  Vikram Kumar,  Davidson College

Papers:
"The Impact of Psychological and Human Capital on Wages"
   William A. Darity, Jr.,  University of North Carolina
   Arthur H. Goldsmith,  Washington and Lee University
   Onathan R. Veum,  U.S. Bureau of Labor Statistics
"Unemployment Rate Differences by Race, Gender and Level of Education"
   Charles Waldauer,  Widener University
   Hamid Zangeneh,  Widener University
"A Kalman-filter Approach to Estimating the Natural Rate of Unemployment"
   Victor V. Claar,  West Virginia University
"Spatial Interactions Among U.S. Cities"
   Linda Harris Dobkins,  Emory and Henry College
   Yannis M. Ioannides,  Tufts University
Discussants:
   Mobinul Huq,  University of Saskatchewan
   Yi Liu,  University of South Alabama

Saturday
1:30-3:15pm
SEA
Session  131H
Elementary and Secondary Education

Chair:  James Cobbe,  Florida State University

Papers:
"Productivity and Quality in Swedish Schools"
   Rolf Fare,  Southern Illinois University
   Shawna Grosskopf,  Southern Illinois University
   Finn Forsund,  University of Oslo - Norway
   Kathy Hayes,  Southern Methodist University
   Almas Heshmati,  Gothenburg University - Sweden
"Household Demand for Schooling in Indonesia: Accounting for Quality Differences"
   Armida S. Alisjahbana,  Padjadjaran University - Indonesia
"The Impact of Selective Migration and Endogenous Schooling on Wages in Peru"
   Gustavo Angeles,  University of North Carolina
Discussants:
   Mary Jean Horney,  Furman University
   Petur O. Jonsson,  Fayetteville State University

Saturday
1:30-3:15pm
SEA
Session  132H
Antitrust

Chair:  J. Rody Borg,  Jacksonville University

Papers:
"The Use and Abuse of Kodak in Franchise Tying Suits"
   Roger D. Blair,  University of Florida
   Jill Boylston Herndon,  Hamline University
"Unwitting Accomplices: How the State of Wisconsin Reduces Competition in Gasoline Markets"
   James I. Brannon,  University of Wisconsin - Oshkosh
   Jeffrey Bruss,  University of Wisconsin - Oshkosh
   Frank Kelly,  Indiana University-Purdue University at Indianapolis and Indiana Department of Transportation
"Efficient Equipment Maintenance and Systems Competition"
   Kenneth G. Elzinga,  University of Virginia
   David E. Mills,  University of Virginia
"Predatory Pricing as an Agency Problem: An Empirical Investigation"
   Christopher R. Thomas,  University of South Florida
Discussants:
   Stephen J. Schmidt,  Union College

Saturday
1:30-3:15pm
SEA
Session  133H
Evaluating Courses and Departments

Chair:  John J. Bethune,  University of Tennessee - Martin

Papers:
"College Students' Valuation of Economics Courses: An Application of the Hedonic Method"
   Omer Gokcekus,  North Carolina Central University
"Ranking Economics Departments Through Graduate Success: An Alternative Ranking Approach"
   Jeffery T. Collins,  Lincoln Memorial University
   Thomas R. Sadler,  University of Tennessee
"Are Articles and Books Complements or Substitutes for Economists?"
   Joe C. Davis,  Trinity University
   John H. Huston,  Trinity University
   Debra M. Patterson,  Trinity University
Discussants:
   Nancy J. Burnett,  University of Wisconsin - Oshkosh
   Frank Lee Maddox,  Oxford College of Emory University

Saturday
1:30-3:15pm
SEA
Session  134H
Theoretical Microeconomics and Game Theory

Chair:  Stratford Douglas,  West Virginia University

Papers:
"Learning by Doing and the Search for Knowledge"
   John R. Conlon,  University of Mississippi
   Norman Keith Womer,  University of Mississippi
"Boundedly Rational Equilibria in One-Shot Games"
   C. Monica Capra,  University of Virginia
"Modeling the Fur Trade as a Game under Different Time Horizons"
   Ann Harper Fender,  Gettysburg College
Discussants:
   Christopher R. Bollinger,  Georgia State University
   Jiarong Fu,  University of North Dakota

Saturday
1:30-3:15pm
SEA
Session  135H
Economic Development, Oil, and Income Distribution

Chair:  Rajeev K. Goel,  Illinois State University

Papers:
"The Kuznets Process, Income Distribution and Development: A Study Using the Gini Coefficient"
   Andreas Savvides,  Oklahoma State University
"The Potential of the Arab Gulf States Will be Moving Toward Developing Stage in the Future"
   Mohammed A. Dabbagh,  Abu Dhabi Investment Authority
"A Comparative Analysis of the Development in Oil Intensities in Developing and Industrialized Countries"
   Jan Bentzen,  Aarhus School of Business
"Determinants of Economic Growth and Energy in Korea"
   Yong U. Glasure,  Wayland Baptist University
Discussants:
   Jane Ihrig,  University of Virginia
   Sanjay Paul,  St. Norbert College

Saturday
1:30-3:15pm
SEA*
Session  136H*
Economic Development vs. Environmental Protection

Chair:  Richard Jensen,  University of Kentucky

Papers:
"Integrating Ecological Complexity into Economic Incentives for Sustainable Use of Amazonian Rainforests"
   James R. Kahn,  University of Tennessee
   Frank McCormick,  University of Tennessee
   Vicente De Paula Queiroz Nogueira,  Instituto de Protecao Ambiental do Amazonas - Brazil
"Deforestation and Urban Development in the State of Amazonas: The Manaus Free Trade Zone Influence"
   Alexandre Rivas,  University of Tennessee and Universidade do Amazonas
"Deforestation, Trade and Environmental Aid"
   Paul E. Chambers,  Central Missouri State University
   Richard Jensen,  University of Kentucky
Discussants:   TBA

Saturday
1:30-3:15pm
SDAE III
Session  137H
Market Process and the Theory of the Firm

Chair:  Peter Lewin,  University of Dallas

Papers:
"The Origins of Entrepreneurial Opportunities"
   Randall G. Holcombe,  Florida State University
"The Entrepreneurial Firm"
   Frederic Sautet,  New York University
"Capital Structures and Organizational Structure"
   Peter Lewin,  University of Dallas
Discussants:
   Donald J. Boudreaux,  Clemson University
   Anthony Carilli,  Hampden-Sydney College
   Richard Ebeling,  Hillsdale College

Saturday
1:30-3:15pm
SEA
Session  139H
Adam Smith Goes to Moscow

Moderator:
   Walter Adams,  Trinity University
Panelists:
   Anders Aslund,  Carnegie Endowment for International Peace
   James W. Brock,  Miami University
   Marshall I. Goldman,  Harvard University and Wellesley College

Saturday
1:30-3:15pm
SEA
Session  140H
Economic Education and Technology

Moderator:
   David Anderson,  Centre College
Panelists:
"Tutorial Software"
   David Anderson,  Centre College
"Data, Information, and the Internet"
   Kim Marie McGoldrick,  University of Richmond
"Electronic Visual Aids"
   Michael Rollosson,  Rhodes College
Additional Panelists:
   Carl Brookings,  Millsaps College
   Bob Brownlee,  Centre College
   Erik D. Craft,  University of Richmond
   Jorge G. Gonzalez,  Trinity University
   Jill M. Hendrickson,  University of the South
   David J. Hoaas,  Centenary College
   Bruce Johnson,  Centre College
   Nipoli Kamdar,  Trinity University
   Kailash Khandke,  Furman University
   Harry Kypraios,  Rollins College
   Charles C. Orvis,  Rhodes College
   Ken Peterson,  Furman University
   Pat Raines,  University of Richmond
   Elizabeth L. Rankin,  Centenary College
   Ronald A. Stunda,  Birmingham-Southern College
   Susan Taylor,  Millsaps College
   Steve Winrich,  Centre College
   Mary E. Young,  Southwestern University

Saturday    3:30 and After

Session 141J*Southern Economic Association - Presidential Address
Session 142Southern Economic Association - Business Meeting
Session 143George Mason University - Center for the Study of Public Choice - Cocktail Party (Cash Bar)
Session 144University of North Carolina at Chapel Hill - Department of Economics - Cocktail Party (Cash Bar)
Session 145University of Kentucky - Department of Economics - Cocktail Party (Cash Bar)
Session 146Committee on the Status of Women in the Economics Profession - Business Meeting and Cocktail Party (Cash Bar)
Session 147Oklahoma State University Economistics Society - Cocktail Party
Session 148University of Georgia - Department of Economics - Cocktail Party (Cash Bar)
Session 149University of Virginia - Department of Economics - Cocktail Party (Cash Bar)
Session 150Georgia State University - Department of Economics - Cocktail Party (Cash Bar)
Session 150KSociety for the Development of Austrian Economics - Dinner and Presidential Address

Saturday
3:30-4:45pm
SEA*
Session  141J*
Southern Economic Association - Presidential Address

Introduction:
   Dwight R. Lee,  University of Georgia
   President-Elect, Southern Economic Association
Speaker:
   William A. Darity, Jr.,  University of North Carolina
   President, Southern Economic Association
Topic:
"Theories of Intergroup Inequality"

Saturday
4:30-4:45pm
SEA
Session  142
Southern Economic Association - Business Meeting

Chair:  William A. Darity, Jr.,  University of North Carolina

   President, Southern Economic Association

Saturday
5:00-6:00pm
Session  143
George Mason University - Center for the Study of Public Choice - Cocktail Party (Cash Bar)

Saturday
5:00-6:30pm
Session  144
University of North Carolina at Chapel Hill - Department of Economics - Cocktail Party (Cash Bar)

Saturday
5:00-6:00pm
Session  145
University of Kentucky - Department of Economics
Cocktail Party (Cash Bar)

Saturday
5:00-6:30pm
CSWEP
Session  146
Committee on the Status of Women in the Economics Profession - Business Meeting and Cocktail Party (Cash Bar)

In honor of women in the job market. Everyone welcome.

Saturday
5:00-6:30pm
Session  147
Oklahoma State University Economistics Society
Cocktail Party

Saturday
5:30-7:00pm
Session  148
University of Georgia - Department of Economics
Cocktail Party (Cash Bar)

Saturday
6:00-8:00pm
Session  149
University of Virginia - Department of Economics
Cocktail Party (Cash Bar)

Saturday
6:00-8:00pm
Session  150
Georgia State University - Department of Economics
Cocktail Party (Cash Bar)

Saturday
6:00-10:00pm
SDAE
Session  150K
Society for the Development of Austrian Economics -
Dinner and Presidential Address

Speaker:
   Karen I. Vaughn,  George Mason University

Sunday    8:30 - 10:15am

Session 153M*Topics in Human Capital
Session 154M*The New Institutional Economics: Applications and Evidence
Session 155M*Issues in Civil Liability and Damages
Session 156M*Environmental Issues
Session 157M*Taxes and Budgets
Session 158M*Rationality, Institutions and the Market Process
Session 159MBusiness Loans and Investment
Session 160MPrices, Business Fluctuations, and Cycles
Session 161MHigher Education
Session 162MCaring for the Elderly
Session 163MLabor Economics
Session 164MTopics in Public Choice
Session 165MWhat's On the Internet for Economists: An Update
Session 166MRisky Business: Decisions Involving Bargaining and Risk
Session 167M*Free Markets and the Environment
Session 168M*Banking, Financial, and Debt Markets
Session 169MTopics on Liquidity, Currency , Leasing, and Transition Failures

Sunday
8:30-10:15am
SEA*
Session  153M*
Topics in Human Capital

Chair:  Larry Singell, Jr.,  University of Oregon

Papers:
"Extended Unemployment Compensation: Recipient Response to Changes in Benefit Length: A Duration Analysis Approach"
   Brett Noel,  University of Kentucky
"Why do Part-Time Workers Earn Less? The Role of Worker and Job Skills"
   Justin Graham,  Florida State University
   Barry Hirsch,  Florida State University
"How Likely Can Employees Become Self-Employed? An Analysis Based on the Monitoring Cost Characteristics of Occupations"
   John Garen,  University of Kentucky
"A Test of the Signaling Hypothesis"
   Larry Singell, Jr.,  University of Oregon
Discussants:
   Daniel P. McMillen,  Tulane University
   Larry Singell, Sr.,  University of Colorado
   Joe Stone,  University of Oregon
   Dek Terrell,  Louisiana State University

Sunday
8:30-10:15am
SEA*
Session  154M*
The New Institutional Economics: Applications and Evidence

Chair:  Peter G. Klein,  University of Georgia

Papers:
"A Practice Without Defenders: Interfirm Collusion in Historical Perspective"
   Janice Rye Kinghorn,  New School for Social Research
   Randall Nielsen,  Kettering Foundation
"The Political Economy of Wilderness Mining"
   David E. Gerard,  Political Economy Research Center
"Diversification, Organization, and Performance: Evidence from Bank Holding Companies"
   Peter G. Klein,  University of Georgia
   Marc R. Saidenberg,  Federal Reserve Bank of New York
Discussants:
   Mark L. Brandly,  Auburn University
   Jason Taylor,  University of Georgia

Sunday
8:30-10:15am
SEA*
Session  155M*
Issues in Civil Liability and Damages

Chair:  Harold W. Elder,  University of Alabama

Papers:
"Should Providers of Recreational Facilities Be Liable for Accidents"
   Guanghui Li,  University of Connecticut
   Thomas J. Miceli,  University of Connecticut
   Kathleen Sergerson,  University of Connecticut
"Legal Expenditures as a Rent-seeking Game"
   Amy Farmer,  University of Tennessee
   Paul Pecorino,  University of Alabama
"The Economic Impact of Punitive Damage Awards"
   Harold W. Elder,  University of Alabama
Discussants:
   Amy D. Gibson,  University of Alabama
   Paul Pecorino,  University of Alabama

Sunday
8:30-10:15am
SEA*
Session  156M*
Environmental Issues

Chair:  John C. Moorhouse,  Wake Forest University

Papers:
"Should Risk Assessment be Separated from Risk Management? An Analytical Approach"
   Andrew J. Yates,  Wake Forest University
"The Value of Apparel Ecolabel: Evidence from Retail Price Data"
   John Beghin,  North Carolina State University
"Ecological and Economic Systems"
   John C. Moorhouse,  Wake Forest University
Discussants:
   Richard A. Stout,  Knox College
   Andrew J. Yates,  Wake Forest University

Sunday
8:30-10:15am
SEA*
Session  157M*
Taxes and Budgets

Chair:  Wilson Mixon,  Berry College

Papers:
"VAT Revenues in the Russian Federation: An Administrative Analysis"
   Jo Beth Martins,  Hobart and William Smith Colleges
   Jean Tesche,  U.S. Treasury Resident Tax Advisor - Federation of Bosnia and Herzegovina
"Taxes, Infrastructure, and Growth: Evidence from the States"
   Frank Stephenson,  Berry College
"Wagner's 'Law': A Statistical Relationship or the Result of the Budgetary Process?"
   Soumaya Tohamy,  Berry College
Discussants:
   James R. Marchand,  Westminster College - Salt Lake City
   Wilson Mixon,  Berry College
   Michael F. Patrono,  Berry College

Sunday
8:30-10:15am
SEA*/SDAE
Session  158M*
Rationality, Institutions and the Market Process

Chair:  Karen I. Vaughn,  George Mason University

Papers:
"The Application of Scientific Rationality to Economic Rationality"
   David Harper,  New York University
"Paradigms and Conventions: A Perspective on the Market"
   Young Back Choi,  St. John's University - Long Island
"Institutions and the Market"
   Chrysostomos Mantzavinos,  University of Freiburg
"Discovery and the Deep Self"
   Daniel B. Klein,  Santa Clara University
Discussants:
   Karen I. Vaughn,  George Mason University

Sunday
8:30-10:15am
SEA
Session  159M
Business Loans and Investment

Chair:  Arthur H. Goldsmith,  Washington and Lee University

Papers:
"How Will Consolidation Impact Lending to Small Business? An Analysis of Small Bank Portfolios"
   Ronnie J. Phillips,  Colorado State University
   James H. Rauch,  Colorado State University
"The Firm Demand for Liquid Assets in an Inflationary Environment"
   Paul A. Natke,  Central Michigan University
"Investment, Cash Flow, and Financing Constraints: Evidence from U.S. Petroleum Industry"
   Neal Davis,  U.S. Department of Energy
   H. Youn Kim,  Western Kentucky University
"Internal Cash Flow, Collateral, and Business Investment"
   Jon Vilasuso,  Clarkson University
Discussants:
   Michael R. Dowd,  University of Toledo

Sunday
8:30-10:15am
SEA
Session  160M
Prices, Business Fluctuations, and Cycles

Chair:  Frank G. Steindl,  Oklahoma State University

Papers:
"Producer and Consumer Price Levels: A Cost-Push or Demand-Pull Relationship?"
   Willie Belton,  Georgia Institute of Technology
   Edward J. Sullivan,  Jacksonville State University
"A Neutral Network Forecast of Quarterly Real GDP with Learning Capability and Use of Monthly Data"
   Jiarong Fu,  University of North Dakota
"Two New Tests of Business Cycle Duration Dependence"
   David Tufte,  University of New Orleans
"Has Greater Competition Restrained U.S. Inflation?"
   David D. Van Hoose,  University of Alabama
Discussants:
   Victor V. Claar,  West Virginia University
   Jeff Wrase,  Federal Reserve Bank of Philadelphia

Sunday
8:30-10:15am
SEA
Session  161M
Higher Education

Chair:  Kathy Hayes,  Southern Methodist University

Papers:
"A Longitudinal Analysis of the Multiple Effects of a Specialized Graduate Program in Economics"
   Sam A. Allgood,  University of Nebraska - Lincoln
   William B. Walstad,  University of Nebraska - Lincoln
"School Characteristics and the Demand for College"
   Trisha Bezmen,  University of Georgia
   Craig A. Depken II,  University of Texas - Arlington
"Signaling, Adverse Selection, and Grade Inflation"
   Petur O. Jonsson,  Fayetteville State University
"The Role Model Effect in Undergraduate Economics"
   Nancy J. Burnett,  University of Wisconsin - Oshkosh
"Alumni Giving in a Life-Cycle Framework: Evidence from a Liberal Arts College"
   Phanindra V. Wunnava,  Middlebury College
Discussants:
   Shawna Grosskopf,  Southern Illinois University
   Chad Moutray,  Robert Morris College

Sunday
8:30-10:15am
SEA
Session  162M
Caring for the Elderly

Chair:  Vivian Valdmanis,  University of Oklahoma

Papers:
"Nursing Home Care Availability in the U.S."
   O. David Gulley,  Bentley College
   Rexford Santerre,  Bentley College
"Single-Person Households and the Elderly: Implications for Home Health Care"
   Marietta A. Constantinides,  Lehigh Carbon Community College
Discussants:
   Thomas S. Dee,  Georgia Institute of Technology
   Edward J. Schumacher,  East Carolina University

Sunday
8:30-10:15am
SEA
Session  163M
Labor Economics

Chair:  Douglas M. Brown,  Georgetown University

Papers:
"Exceptional Contributions to Science and Engineering in the United States"
   Sharon G. Levin,  University of Missouri - St. Louis
   Paula E. Stephan,  Georgia State University
"Contingent Workers and Non-Standard Work Arrangements: Evidence from the Contingent Worker Survey"
   Douglas A. Fox,  Economic Research Services, Inc.
"A Labor Force Gross Flows Simulation Model"
   Tim Campbell,  Bureau of Labor Market Information
"Valuing Unwanted Leisure in Monetary Terms"
   Michael M. Fabritius,  University of Mary Hardin - Baylor
   Paul M. Mason,  University of North Florida
Discussants:
   Marie D. Connolly,  Chatham College
   Charles E. Scott,  Loyola College

Sunday
8:30-10:15am
SEA
Session  164M
Topics in Public Choice

Chair:  Michael C. Farmer,  Georgia Institute of Technology

Papers:
"Macroeconomic Determinants of Presidential Popularity in the Gallup Polls from Dwight Eisenhower to George Bush"
   Frederick J. Oerther III,  Greensboro College
"Media Scrutiny and the Quality of Public Officials"
   Daniel Sutter,  University of Oklahoma
"Political Hierarchies and Political Shirking"
   Daniel Sutter,  University of Oklahoma
"Is There a Free-Rider Problem in Lobbying? Endogenous Tariffs, Trigger Strategies, and the Number of Firms"
   Paul Pecorino,  University of Alabama
Discussants:
   Clarence C. Morrison,  Indiana University
   William Stewart Mounts, Jr.,  Mercer University

Sunday
8:30-10:15am
SEA
Session  165M
What's On the Internet for Economists: An Update

Chair:  William L. Goffe,  University of Southern Mississippi

Participants:
   George D. Greenwade,  Sam Houston State University
   Robert P. Parks,  Washington University

Sunday
8:30-10:15am
ESA IV
Session  166M
Risky Business: Decisions Involving Bargaining and Risk

Chair:  David Bowes,  Georgia State University

Papers:
"Risk Attitudes and Non-Compliance Penalties in Competition Between Firms"
   Paul Brown,  University of Massachusetts - Boston
   Steven Stewart,  University of New Mexico
"On the Irrelevance of Risk Attitudes"
   Jason Shachat,  University of California - San Diego
   John Wooders,  University of Arizona
"Break-offs in Bargaining: An Anomoly?"
   Heike Hennig-Schmidt,  University of Bonn
"An Experimental Analysis of the Impact of Intermediaries on the Outcome of Bargaining Games"
   Thomas J. Miceli,  University of Connecticut
   C.F. Sirmans,  University of Connecticut
   Abdullah Yavas,  Pennsylvania State University
Discussants:
   David Bowes,  Georgia State University
   John Van Huyck,  Texas A&M University
   Christina Fong,  University of Massachusetts - Amherst
   Sara Solnick,  University of Miami

Sunday
8:30-10:15am
SEA*
Session  167M*
Free Markets and the Environment

Chair:  Bruce Yandle,  Clemson University

Papers:
"Enviro-Capitalism"
   Terry Anderson,  PERC Organization
"Antitrust Limits to the Tragedy of the Commons"
   Bruce Yandle,  Clemson University
"Federal Land in a Free Market"
   Robert Nelson,  University of Maryland
"Does Existence Value Exist?"
   Donald J. Boudreaux,  Clemson University
   Roger Meiners,  University of Texas - Arlington
Discussants:
   Terry Anderson,  PERC Organization
   Donald J. Boudreaux,  Clemson University
   Robert Nelson,  University of Maryland
   Bruce Yandle,  Clemson University

Sunday
8:30-10:15am
SEA*
Session  168M*
Banking, Financial, and Debt Markets

Chair:  Mohammed Akacem,  Metropolitan State College of Denver

Papers:
"Credit Rating of Sovereign Debt: What Does the Market Have to Say?"
   Mohammed Akacem,  Metropolitan State College of Denver
"The Natural Rate of Interest: Fractional Reserve Banking and Financial Intermediaries"
   Steve Call,  Metropolitan State College of Denver
   John Cochran,  Metropolitan State College of Denver
"Banking in the Ukraine: Coping Without the State"
   Dennis D. Miller,  Baldwin-Wallace College
Discussant:
   William H. Kaempfer,  University of Colorado

Sunday
8:30-10:15am
SEA
Session  169M
Topics on Liquidity, Currency , Leasing, and Transition Failures

Chair:  TBA

Papers:
"Liquidity, Trade Credit, and the Role of Financial Intermediaries"
   Said A. Bakhache,  University of Maryland
"Currency Crises and Political Uncertainties: Evidence from Emerging Market Economics"
   Deepak Mishra,  University of Maryland
"Consumer Leasing and the Demand for Automobiles"
   Kathleen W. Johnson,  University of Maryland
"Linkages Between Currency and Banking Crises: Theory and Evidence from Mexico"
   Poonam Gupta,  University of Maryland
"Transition and Coordination Failures: Evidence from Firm-Level Data"
   Francesca Recanatini,  University of Maryland
   Randi Ryterman,  World Bank
Discussants:   Paper Presenters

Sunday    10:30 - 12:15pm

Session 176N*Rothbard on Smith (Session Sponsored by the Smith Center for Private Enterprise Studies)
Session 177N*Issues in Urban Real Estate
Session 178N*Law and Economics
Session 179N*Economics and the Lively Arts
Session 180N*Issues in Macroeconomic History
Session 181N*Institutions and Growth
Session 182NMoney and Interest Rates
Session 183NState Lotteries
Session 184NGiving and Cooperation
Session 185NCurrent Issues in Health Economics
Session 186NUnions and Discrimination
Session 187NDeterminants of Learning
Session 188NLabor/Human Capital and Economic Development
Session 189NComplexity Theory and Austrian Economics: A Preliminary Look
Session 190N*Learning from Economic History: Graduate Students' Perspectives
Session 191N*Understanding Environmental Issues in Developing Countries
Session 192NHealth Care Economics

Sunday
10:30am-12:15pm
SEA*
Session  176N*
Rothbard on Smith (Session Sponsored by the Smith Center for Private Enterprise Studies)

Chair:  Charles W. Baird,  California State University - Hayward

Papers:
"Adam Smith as a Monetary Theorist: A Critical Reassessment"
   Joseph Salerno,  Pace University
"The Intertemporal Adam Smith"
   Roger Garrison,  Auburn University
"Rothbard on Smith: Correcting the Record"
   James Ahiakpor,  California State University - Hayward
"Rothbard's Ten-fold Critique of Adam Smith: Nine Out of Ten Wrong"
   Ed West,  Carleton University (Emeritus)

Sunday
10:30am-12:15pm
SEA*
Session  177N*
Issues in Urban Real Estate

Chair:  Larry Singell, Sr.,  University of Colorado

Papers:
"Piecewise Parabolic Multiple Regression Analysis"
   Peter F. Colwell,  University of Illinois
"Zoning and Redevelopment"
   Henry J. Munneke,  University of Georgia
"Land Value and Parcel Size: A Semiparametric Analysis"
   Daniel P. McMillen,  Tulane University
   Paul Thorsnes,  Grand Valley State University
"Insurance and Community Welfare"
   David Frame,  University of Colorado
Discussants:
   Christopher R. Bollinger,  Georgia State University
   Larry Singell, Jr.,  University of Oregon

Sunday
10:30am-12:15pm
SEA*
Session  178N*
Law and Economics

Chair:  Ben Zycher,  Milken Institute and University of California - Los Angeles

Papers:
"Does Tenure Protect Academics?"
   Gordon L. Brady,  George Mason University
   Tony Dnes,  Virginia Polytechnic Institute & State University
"Law in the Shadow of Bargaining"
   Jonathan R. Macey,  Cornell University
"Exploration of the Contract/Tort Boundary"
   Paul H. Rubin,  Emory University
Discussants:
   Peter Aranson,  Emory University
   Cotton M. Lindsay,  Clemson University
   Tom McCaleb,  Florida State University

Sunday
10:30am-12:15pm
SEA*
Session  179N*
Economics and the Lively Arts

Chair:  Robert B. Ekelund, Jr.,  Auburn University

Papers:
"Symphony Orchestra Attendance: A Beckerian Analysis"
   Robert B. Ekelund, Jr.,  Auburn University
   Shawn Ritenour,  Southwest Missouri Baptist University
"Predicting 'No Sales' from Auction Records: Evidence from the Latin American Market"
   Rand Ressler,  University of Southwestern Louisiana
   John Keith Watson,  University of Southwestern Louisiana
"Vertical Organization and the End of the 'Hollywood System'"
   Shawn Ritenour,  Southwest Missouri Baptist University
Discussants:
   Audrey B. Davidson,  University of Louisville
   Robert B. Ekelund, Jr.,  Auburn University
   David E.R. Gay,  University of Arkansas

Sunday
10:30am-12:15pm
SEA*
Session  180N*
Issues in Macroeconomic History

Chair:  Mark Toma,  University of Kentucky

Papers:
"The Political Economy of Federal Deficits: 1889-Present"
   Brian L. Goff,  Western Kentucky University
"Colonial American Money Supplies and Almost Fixed Exchange Rates"
   James Stoker,  University of Kentucky
"Business Failures and Credit Market Imperfections: Debt Deflation and Bank Panics in Pre-WWII U.S."
   Stephen Cecchett,  Federal Reserve Bank of New York
   Margaret McConnell,  Federal Reserve Bank of New York
Discussants:
   Mark Toma,  University of Kentucky
   David D. Van Hoose,  University of Alabama

Sunday
10:30am-12:15pm
SEA*
Session  181N*
Institutions and Growth

Chair:  Paul J. Zak,  Claremont Graduate School

Papers:
"Growth and the Political Economy of Migration and Fertility"
   Paul J. Zak,  Claremont Graduate School
"The Political Economy of Capital Control"
   Laura Alfaro,  University of California - Los Angeles
Discussants:   Paper Presenters

Sunday
10:30am-12:15pm
SEA
Session  182N
Money and Interest Rates

Chair:  Donald H. Dutkowsky,  Syracuse University

Papers:
"On the Dynamic Microfoundations of Static Money Demand"
   H. Sonmez Atesoglu,  Clarkson University
   Donald H. Dutkowsky,  Syracuse University
"The Fisher Effect: New Evidence and Implications"
   Yasser Fahmy,  Cairo, Egypt
   Magda Kandil,  University of Wisconsin - Milwaukee
Discussants:
   Donald H. Dutkowsky,  Syracuse University
   William G. Gissy,  Morehouse College
   Geetha Vaidyanathan,  University of North Carolina

Sunday
10:30am-12:15pm
SEA
Session  183N
State Lotteries

Chair:  Mary Kennedy Bumgarner,  Kennesaw State University

Papers:
"Horizontal Equity: An Alternative Approach to Analyzing Lottery Games"
   Mary O. Borg,  University of North Florida
   Harriet Stranahan,  University of North Florida
"Estimating Net Spendable Lottery Revenues"
   Terry Ashley,  University of South Alabama
   Semoon Chang,  University of South Alabama
   Yi Liu,  University of South Alabama
"The Incidence of a Lottery Tax: New Evidence from the West Virginia State Lottery"
   Thomas A. Garrett,  West Virginia University
Discussants:
   L.F. Jameson Boex,  Georgia State University
   Mike Pogodzinski,  San Jose State University

Sunday
10:30am-12:15pm
ESA V
Session  184N
Giving and Cooperation

Chair:  Philip Grossman,  University of Texas - Arlington

Papers:
"Sequential Prisoner's Dilemma: Evidence on Reciprocal Altruism"
   Ken Clark,  University of Manchester
   Martin Sefton,  University of Iowa
"Further Explorations of Gender Differences in the Ultimatum Game"
   Sara Solnick,  University of Miami
"Institutional and Structural Context in Public Generosity"
   Christina Fong,  University of Massachusetts - Amherst
"Public Good and Exclusionary Investments in a Heterogeneous Society"
   Katie Baird,  University of Massachusetts - Amherst
Discussants:
   Richard Beil,  Auburn University
   Philip Grossman,  University of Texas - Arlington
   Abdullah Yavas,  Pennsylvania State University

Sunday
10:30am-12:15pm
SEA
Session  185N
Current Issues in Health Economics

Chair:  Thomas S. Dee,  Georgia Institute of Technology

Papers:
"Can Higher Cigarette Taxes Improve Birth Outcomes?"
   Jeanne S. Ringel,  Louisiana State University
"Youth, Alcohol, and Risky Sex: The Impact of Alcohol Policy on STD Incidence Rates"
   Paul Harrison,  Brandeis University
"Beer Taxes, Teen Drinking and Traffic Fatalities"
   Thomas S. Dee,  Georgia Institute of Technology
"The Impact of Elder Care on Female Labor Force Participation"
   Jennifer M. Mellor,  Yale University
Discussants:   TBA

Sunday
10:30am-12:15pm
SEA
Session  186N
Unions and Discrimination

Chair:  Joy Clark,  Auburn University - Montgomery

Papers:
"A Longitudinal Estimate of the Union Earnings Premium Using a Sample of Displaced Workers"
   Steven Raphael,  University of California - San Diego
"Union Rent Seeking in the Paper and Timber Industries"
   Ted W. Chiles,  Auburn University - Montgomery
   Joy Clark,  Auburn University - Montgomery
"Geographic Mobility, Race, and Wage Discrimination"
   Steven Raphael,  University of California - San Diego
   David A. Riker,  University of California - San Diego
"An Empirical Analysis of Wage Discrimination in Professional Basketball"
   Mark Gius,  Quinnipiac College
   Donn Johnson,  Quinnipiac College
Discussants:
   Sammy E. Elaasar,  Winston-Salem State University
   Thomas D. Vander Veen,  Skidmore College

Sunday
10:30am-12:15pm
SEA
Session  187N
Determinants of Learning

Chair:  Thomas E. Cooper,  Lyon College

Papers:
"The Effect of Sleep on Academic Performance"
   Michael R. Butler,  Texas Christian University
   Krista Nuttall,  Texas Christian University
"Effects of Gender and Personality Type on Student Performance in Principles of Economics"
   Doris S. Bennett,  Jacksonville State University
   Cynthia S. McCarty,  Jacksonville State University
"Student Learning in the Principles of Macroeconomics Course"
   Stuart Allen,  University of North Carolina - Greensboro
   Scott P. Simkins,  North Carolina A&T State University
"Assessing the Student's Performance in Intermediate Microeconomic Theory"
   Irma A. Gomez,  Instituto Technologico y de Estudios Superiores de Monterrey
   Jorge Ibarra-Salazar,  Instituto Technologico y de Estudios Superiores de Monterrey
   Raymundo Rodriguez,  Instituto Technologico y de Estudios Superiores de Monterrey
Discussants:
   Harold Christensen,  Centenary College
   Christopher C. Klein,  Tennessee Regulatory Authority
   Jeffrey Woods,  Concord College

Sunday
10:30am-12:15pm
SEA
Session  188N
Labor/Human Capital and Economic Development

Chair:  Ana Maria Turner Lomperis,  Saint Louis University

Papers:
"Preliminary Evidence on the Role of Secondary Education in the Development of Lower-Income Countries: Useful Knowledge or Wishful Thinking?"
   Lonnie E. Brist,  University of Alabama
   Arthur Caplan,  Weber State University
"Human Capital and Economic Development: The Case of Saudi Arabia"
   Abdullah H. Albatel,  King Saud University - Riyadh
"Informal Employment and Growth"
   Jane Ihrig,  University of Virginia
   Karine Moe,  Macalester College
"Rural-urban Migration and Risk"
   Sanjay Paul,  St. Norbert College
Discussants:
   James I. Brannon,  University of Wisconsin - Oshkosh
   Kathleen A. Toma,  University of Kentucky

Sunday
10:30am-12:15pm
SDAE IV
Session  189N
Complexity Theory and Austrian Economics: A Preliminary Look

Chair:  Roger Koppl,  Fairleigh Dickinson University

Papers:
"The Complex Affair of the Mind"
   Robert Nadeau,  University of Quebec - Canada
"Is Hayek's Economics an Application of Complexity Theory?"
   Karen I. Vaughn,  George Mason University
"Big Think, Hyped Think, and the Theory of Complex Phenomena: A Pessimistic Reading of the Relationship Between Hayek and Complexity Theory"
   Peter J. Boettke,  Manhattan College
Discussants:
   Robert Formaini,  Dallas, TX
   Roger Koppl,  Fairleigh Dickinson University
   Zenon Zygmont,  Reed College

Sunday
10:30am-12:15pm
SEA*
Session  190N*
Learning from Economic History: Graduate Students' Perspectives

Chair:  Jeremy Atack,  Vanderbilt University

Papers:
"The National Industrial Recovery Act: Cartels for All and No Questions Asked"
   Jason Taylor,  University of Georgia
"The Estimation of Housing Prices and Income Elasticities of Demand in Nineteenth-Century New York City"
   David Porter,  University of Georgia
"The Emergence of Clearing Houses in the United States"
   Lois Allen,  University of Georgia
Discussants:
   Craig A. Depken II,  University of Texas - Arlington
   Myra L. Moore,  Texas Christian University
   Kevin Rogers,  Mississippi State University

Sunday
10:30am-12:15pm
SEA*
Session  191N*
Understanding Environmental Issues in Developing Countries

Chair:  Maureen L. Cropper,  World Bank

Papers:
"Measuring the Health Impacts of Air Pollution in Developing Countries: The Case of Delhi, India"
   Anna Alberini,  University of Colorado
   Seema Arora,  Vanderbilt University
   Maureen L. Cropper,  World Bank
   Nathalie B. Simon,  World Bank
   P.K. Sharma,  World Bank
"Citizen Complaints as Environmental Indicators: Evidence from China"
   Susmita Dasgupta,  World Bank
   David Wheeler,  World Bank
"Impact of Formal and Informal Pressure on Pollution Intensity: Survey Evidence on Water Pollution from India"
   Mainul Huq,  World Bank
   Muthukumara Mani,  World Bank
   Sheoli Pargal,  World Bank
Discussants:
   Seema Arora,  Vanderbilt University
   Ronald G. Cummings,  Georgia State University
   Mark Dickie,  University of Southern Mississippi

Sunday
10:30am-12:15pm
SEA
Session  192N
Health Care Economics

Chair:  Rajiv L. Sharma,  University of Florida

Papers:
"Innovation Rivalry and the Market for Choice of Health Care Provider"
   Thomas P. Lyon,  Indiana University
   Haizhou Huang,  London School of Economics
"Cost-shifting in Managed Care"
   Edward C. Norton,  University of North Carolina
   Richard Lindrooth,  Research Triangle Institute
   Barbara Dickey,  Harvard University
"Competition and Market Structure in the Health Care Industry"
   Rajiv L. Sharma,  University of Florida
"Physician Assistants, Nurse Practitioners, and Physicians: Rural/Urban Settings and Reimbursements for Services"
   Donna Anderson,  University of Wisconsin - La Crosse
   Mary B. Hampton,  University of Wisconsin - La Crosse
Discussants:   Paper Presenters

Sunday    12:30 - 2:15pm

Session 199P*Rent-Seeking and Competitive Forces
Session 200P*Empirical Papers in Regional Economics
Session 201PFiscal Policy
Session 202PWelfare Policy
Session 203PHospitals and Physicians
Session 204PFemale Time Allocations and Fertility
Session 205PTransitional and Developing Economies
Session 206PTransportation Industry Studies
Session 207PSelected Topics in Applied Microeconomics
Session 208PAustrian Economics, Chicago Economics, and Policy Evaluation
Session 209P*Empirical Issues in Public Choice

Sunday
12:30-2:15pm
SEA*
Session  199P*
Rent-Seeking and Competitive Forces

Chair:  G. Dirk Mateer,  Grove City College

Papers:
"Economic Development Incentives and Indirect Rent-Seeking: 'Handicapped Competition' and Other Costs"
   David L. Sollars,  Auburn University - Montgomery
"Emerging the Capitalist System? A Discussion of Where Employee Ownership Might Fit into Our World"
   Frederick R. Snow,  Norwich University
"Cheap Thrills (Rent-seeking and Dissipation in a Repeated Environment)"
   Robert A. Lawson,  Capital University
   G. Dirk Mateer,  Grove City College
Discussants:
   Tracy C. Miller,  Grove City College
   Ben S. Shippen, Jr.,  Mercer University
   Russell S. Sobel,  West Virginia University

Sunday
12:30-2:15pm
SEA*
Session  200P*
Empirical Papers in Regional Economics

Chair:  James R. Marchand,  Westminster College - Salt Lake City

Papers:
"Application of Principal Component Analysis to Regional Economic Data with Multicolinearity"
   Nozar Hashemzadeh,  Radford University
"Industrial Urban Development and Income"
   Frank O'Connor,  Eastern Kentucky University
"Using Input-Output to Identify Growth Stocks"
   James R. Marchand,  Westminster College - Salt Lake City
   Robert Sorensen,  University of Missouri - St. Louis
Discussants:
   Joan Anderson,  University of San Diego
   Nozar Hashemzadeh,  Radford University
   Wilson Mixon,  Berry College
   Frank O'Connor,  Eastern Kentucky University

Sunday
12:30-2:15pm
SEA
Session  201P
Fiscal Policy

Chair:  David Tufte,  University of New Orleans

Papers:
"Precautionary Saving and Investment Rate"
   David Y. Chen,  North Carolina A&T State University
"Funding Tax Cuts and Government Spending Increases: Tax-and-Spend or Spend-and-Tax?"
   Fred C. Graham,  American University
"Are Consumers Myopic? Further Evidence"
   Daniel Himarios,  University of Texas - Arlington
"A Cross Country Comparison of Ricardian Equivalence Using Multicointegration Analyis"
   Peter M. Lange,  Duke University
   Lori Leachman,  Northern Arizona University
Discussants:
   David C. Black,  University of Toledo
   Michael R. Dowd,  University of Toledo
   Edward J. Sullivan,  Jacksonville State University

Sunday
12:30-2:15pm
SEA
Session  202P
Welfare Policy

Chair:  Nancy J. Burnett,  University of Wisconsin - Oshkosh

Papers:
"Taxes and Transfers: Their Correlation with Marital Separation"
   Stacy Dickert-Conlin,  University of Kentucky
"Analysis of AFDC Spell Duration and Implications for New Reform Measures"
   Kathleen A. Toma,  University of Kentucky
"A Comparison of Subsidized and Unsubsidized Employment in Welfare Reform: The Mississippi Experience"
   Philip D. Taylor,  Millsaps College
Discussants:
   Sammy E. Elaasar,  Winston-Salem State University
   Kurt C. Schaefer,  Calvin College

Sunday
12:30-2:15pm
SEA
Session  203P
Hospitals and Physicians

Chair:  Chyongchiou Jeng Lin,  University of Pittsburgh

Papers:
"Effects of Competition and Regulation on the Diffusion of Medical Technologies in Hospitals"
   Christoph Schenzler,  Vanderbilt University
"The Effect of Increased Industry Risk on Hospital Capital Structure"
   Mary E. Deily,  Lehigh University
   Niccie L. McKay,  University of Florida
"Comparing Teaching and Non-Teaching Hospitals: A Frontier Approach"
   Shawna Grosskopf,  Southern Illinois University
   Dimitri Margaritis,  Waikato University - New Zealand
   Vivian Valdmanis,  University of Oklahoma
Discussants:
   O. David Gulley,  Bentley College
   Julianne Sakowski,  Texas Woman's University

Sunday
12:30-2:15pm
SEA
Session  204P
Female Time Allocations and Fertility

Chair:  TBA

Papers:
"Labor Force Participation among Women of the 'Sandwich Generation'"
   Carole A. Green,  University of South Florida
"The Labor Force Participation of Australian Women: A Panel Data Study"
   Marie D. Connolly,  Chatham College
   Anne Daly,  University of Canberra - Australia
"The Time Allocation of Mothers with Small Children: Empirical Evidence from the Philippines"
   Jill Tiefenthaler,  Colgate University
"Does Personal Exemption for Dependents Affect the Aggregate Fertility Rate? A Time Series Analysis"
   Abdur R. Chowdhury,  Marquette University
Discussants:
   Andrew L.H. Parkes,  Southwestern University
   Steven Raphael,  University of California - San Diego

Sunday
12:30-2:15pm
SEA
Session  205P
Transitional and Developing Economies

Chair:  Kailash Khandke,  Furman University

Papers:
"The Transition of Eastern European/Central Asian Economies, Direct Foreign Investment, and Growth"
   Coldwell Daniel III,  University of Memphis
   John J. Reid,  University of Memphis
"Exchange Rate Adjustment and Output in Developing Countries: An Empirical Study"
   Dharmendra Dhakal,  Rust College
   Franklin G. Mixon, Jr.,  University of Southern Mississippi
   Kamal P. Upadhyaya,  Pennsylvania State University/Berks-Lehigh Valley College
"Political Disintegrations and the Theory of Optimum Currency Areas"
   Julius Horvath,  Southern Illinois University
Discussants:
   Yu-Li Wang,  University of Virginia
   Tao-Chen Yeh,  University of Alabama

Sunday
12:30-2:15pm
SEA
Session  206P
Transportation Industry Studies

Chair:  Francis J. Cronin,  Hagler Bailly Consulting, Inc.

Papers:
"The Implications of the Elimination of the U.S. Interstate Commerce Commission: An Efficiency Analysis of the U.S. Domestic Shipping Industry"
   Paul V. Ackerman,  U.S. Maritime Administration
   Robert T. Sienkiewicz,  National Institute of Standards and Technology
"Consumers' Demand Responses to Information Updates on Airline Safety"
   Monica Elena Hartmann,  University of Virginia
"The Effects of Deregulation on the Supply of Intrastate Trucking Services"
   John D. Jackson,  Auburn University
   Simran K. Kahai,  Tuskegee University
Discussants:
   Craig A. Depken II,  University of Texas - Arlington
   William D. Watson,  Georgia Institute of Technology

Sunday
12:30-2:15pmS
SEA
Session  207P
Selected Topics in Applied Microeconomics

Chair:  Ronald L. Moomaw,  Oklahoma State University

Papers:
"Cigarette Demand and the Health Scare: New Evidence Using a Gradual Switching Regression Technique"
   Craig A. Gallet,  University of Central Florida
"Nonparametric Tests of Household Behavior"
   Susan K. Snyder,  Virginia Polytechnic Institute & State University
Discussants:
   Gerald Granderson,  Miami University
   Carl Linvill,  University of Arkansas

Sunday
12:30-2:15pm
SDAE V
Session  208P
Austrian Economics, Chicago Economics, and Policy Evaluation

Chair:  Mario J. Rizzo,  New York University

Papers:
"Convention, Social Order and Two Coordinations"
   Daniel B. Klein,  Santa Clara University
"Public Policy and Unintended Consequences"
   Sanford Ikeda,  State University of New York - Purchase
"The Public Policy Framework in Vienna and Chicago"
   David Harper,  New York University
Discussants:
   Edward J. Lopez,  George Mason University
   Sam Papenfuss,  George Mason University
   Ivan Pongracic,  George Mason University

Sunday
12:30-2:15pm
SEA*
Session  209P*
Empirical Issues in Public Choice

Chair:  Burton A. Abrams,  University of Delaware

Papers:
"The Effect of Women's Suffrage on Social Welfare Spending: The Case of Switzerland"
   Burton A. Abrams,  University of Delaware
   Russell F. Settle,  University of Delaware
"Determinants of Legislative Support for the U.S. Balanced Budget Amendment"
   Burton A. Abrams,  University of Delaware
   James L. Butkiewicz,  University of Delaware
"Crowding In and Crowding Out: Public and Private Contributions to Higher Education"
   Simon Condliffe,  University of Delaware
   William Latham III,  University of Delaware
Discussants:
   James L. Butkiewicz,  University of Delaware
   William Latham III,  University of Delaware
   Russell F. Settle,  University of Delaware