Southern Economic Association 2005 Program

 

Friday, 8:00 a.m.

Session 1A Interregional and International Public Choice
Session 2A Topics in Macroeconomics
Session 3A Economics of Higher Education
Session 4A* Economics Meets Psychology
Session 5A Symposium on Economic Development, Transition Economics, and Globalization: Austrian and Public Choice Perspectives: I
Session 6A Topics in International Economics
Session 7A Expectations and Intentions
Session 8A Tax Policy I
Session 9A Economic Growth and Trade Patterns
Session 10A Private Responses to Environmental Policy
Session 11A Measuring Income and Preferences
Session 12A* Time, Money, and Capital Structure
Session 13A* Skin Shade, Social Status and Marriage
Session 14A* U.S. Brewing
Session 15A* Side Effects of Inflation Targeting
Session 16A* Generosity, Theories of Risk-Taking, and the Methodology of Experiments
Session 17A Graduate Student Session 1 - The Economics of Investment and Saving
Session 18A Airline Bankruptcy Issues
Session 19A Topics in International Finance
Session 20A Agent-Based Models of Herding and Contagious Dynamics
Session 21A* Law and Economics
Session 22A* Network Economics and Formation I

Friday
8:00 - 9:45 a.m.
SEA
Session 1A
Interregional and International Public Choice

Session Chairs:

Zaki Zahran, Georgetown University

Papers:

"On the Economic Factors Behind National Inequalities in People's Self-Perceived Level of Well-Being"
Tomi Ovaska, University of Regina (Contact Author)
Ryo Takashima, West Virginia University

"The Effect of Economic Freedom on Net Migration Flows Between US States: Is Economic Freedom a Determinant of Flow Differentials?"
Nathan J. Ashby, West Virginia University (Contact Author)

"The Fate of Disputed Territories: An Economic Analysis"
Yang-Ming Chang, Kansas State University (Contact Author)
Joel Potter, Kansas State University
Shane Sanders, Kansas State University

"Do Democracies Value Life Differently from Dictatorships in Military Conflicts"
Pavel A. Yakovlev, West Virginia University (Contact Author)

Discussants:

Jorge Ibarra-Salazar, Tecnologico de Monterrey
Paul Pecorino, University of Alabama
Gary M. Pecquet, Shenandoah University


Friday
8:00 - 9:45 a.m.
SEA
Session 2A
Topics in Macroeconomics

Session Chairs:

Ruby P. Kishan, Texas State University - San Marcos

Papers:

"An Empirical Investigation of the Interrelatedness of Selected Middle Eastern Countries"
Arif Qayyum, University of Louisiana - Monroe (Contact Author)
Tammy Parker, University of Louisiana - Monroe
Michael Parker, University of Louisiana - Monroe

"Economic Agents Behavior Towards Government Budget Deficits: The Case of the GCC Countries"
Abdullah H. Albatel, King Saud University - Riyadh (Contact Author)
Khan A. Mohabbat, Northern Illinois University

"The Permanent Income Hypothesis Debate: Evidence From the G-8 Countries Using the Panel Data Approach"
Mohammad Ashraf, University of North Carolina - Pembroke
Khan A. Mohabbat, Northern Illinois University

"Common Trends Within Industrial Production of Twenty-Three Sectors: An Empirical Investigation of Economic Development Applications"
Tammy Parker, University of Louisiana - Monroe
Michael Parker, University of Louisiana - Monroe

Discussants:

Lance Bachmeier, Kansas State University
Adriana Z. Fernandez, Federal Reserve Bank of Dallas
Kiril Tochkov, Texas Christian University


Friday
8:00 - 9:45 a.m.
SEA
Session 3A
Economics of Higher Education

Organizers:

Christopher C. Klein, Middle Tennessee State University

Session Chairs:

Christopher C. Klein, Middle Tennessee State University

Papers:

"Economics Departments and Business Schools: A Match Made Where?"
R. W. Ault, Auburn University (Contact Author)
T. Randolph Beard, Auburn University

"The Reverse Robin Hood Effect: The Distribution of Net Benefits for the Florida Bright Futures Scholarship"
J. Rody Borg, Jacksonville University
Mary O. Borg, University of North Florida

"The Price of Quality in Higher Education: A Hedonic Approach"
Christopher C. Klein, Middle Tennessee State University
Reuben Kyle, Middle Tennessee State University

"Does HOPE Keep Them Home? Some Effects of Georgia's Helping Outstanding Pupils Educationally (HOPE) Scholarship on the Degree and Nature of College Student Migration Across States"
Elizabeth A. Perry, Randolph-Macon Woman's College (Contact Author)

"Higher Education Consumption Over the Life-Cycle: An Analysis of Income and Substitution Effects"
Jennifer Wilgus, Middle Tennessee State University (Contact Author)

Discussants:

R. W. Ault, Auburn University
J. Rody Borg, Jacksonville University
Mary O. Borg, University of North Florida
Reuben Kyle, Middle Tennessee State University
Elizabeth A. Perry, Randolph-Macon Woman's College
Jennifer Wilgus, Middle Tennessee State University


Friday
8:00 - 9:45 a.m.
SEA*
Session 4A*
Economics Meets Psychology

Organizers:

Dan Levin, Ohio State University

Session Chairs:

Dan Levin, Ohio State University

Papers:

"Affective Decision Making in Insurance Markets"
Anat Bracha, Massachusetts Institute of Technology (Contact Author)

"The Origin of the Winner's Curse: A Laboratory Study"
Dan Levin, Ohio State University (Contact Author)
Gary Charness, University of California - Santa Barbara

"Does Ability Predict Selection Into Competitive and Hard Tasks?"
Muriel Niederle, Stanford University (Contact Author)

"Learning in Common Value Auctions: Theory Absorption or Just Lower Bids?"
Susan Rose, Ohio State University (Contact Author)

Discussants:

Not yet assigned


Friday
8:00 - 9:45 a.m.
SDAE/IJEB
Session 5A
Symposium on Economic Development, Transition Economics, and Globalization: Austrian and Public Choice Perspectives: I

Organizers:

Sanford Ikeda, Purchase College - SUNY

Session Chairs:

John P. Cochran, Metropolitan State College of Denver

Papers:

"Financial and Monetary Remedies for Currency Crises in Emerging Markets: An Austrian Perspective"
Joseph T. Salerno, Pace University (Contact Author)

"Co-Ordination and the Structure of Physical and Human Capital in Economies in Transition: An Austrian Perspective on the Case of East Germany"
Don Bellante, University of South Florida (Contact Author)

"Comparative Advantage, Increasing Returns and Globalization: Are David Ricardo's Four Numbers Still Magic?"
Neelkant Chamilall, Paul Cezanne University (Contact Author)

"Does Globalization Require Global Government?"
Peter Leeson, West Virginia University (Contact Author)

Discussants:

Not yet assigned


Friday
8:00 - 9:45 a.m.
IEFS
Session 6A
Topics in International Economics

Organizers:

Bharati Basu, Central Michigan University

Session Chairs:

Sonja B. Langley, Prairie View A&M University

Papers:

"International Trade of NICs: An Empirical Investigation of the Linder Hypothesis"
Myeongjoo Kang, National Assembly Budget South Korea (Contact Author)

"US and Canadian Beef Export Price Flexibilities: A Comparison"
Sonja B. Langley, Prairie View A&M University (Contact Author)

"Putting a Smiley Face on the Dragon: Wal-Mart as a Catalyst to US-China Trade"
Pham Hoang Van, University of Missouri - Columbia (Contact Author)

Discussants:

Pham Hoang Van, University of Missouri - Columbia
Myeongjoo Kang, National Assembly Budget South Korea
Sonja B. Langley, Prairie View A&M University


Friday
8:00 - 9:45 a.m.
ESA
Session 7A
Expectations and Intentions

Organizers:

Marco Castillo, Georgia Institute of Technology
Douglas D. Davis, Virginia Commonwealth University

Session Chairs:

Marco Castillo, Georgia Institute of Technology

Papers:

"Homogeneous Actions asnd Heterogeneous Beliefs: Experimental Evidence on the Formation of Information Cascades"
Jeff Dominitz, Carnegie Mellon University
Angela A. Hung, Carnegie Mellon University

"The Predictive Power of Intentions Data With an Application to Military Retention"
Philip J. Cross, Georgetown University (Contact Author)

"Expectations Revealed in Simple Games of Proposal and Response"
Marco Castillo, Georgia Institute of Technology (Contact Author)
Philip J. Cross, Georgetown University

"Prejudice and the Perpetuation of Differences: Experiments Exploring Sorting"
Marco Castillo, Georgia Institute of Technology
Ragan Petrie, Georgia State University (Contact Author)

Discussants:

Howard Margolis, University of Chicago
Robin Pope, Bonn University
Helga Fehr-Duda, Swiss Federal Institute of Technology Zurich
Iris Bohnet, Harvard University


Friday
8:00 - 9:45 a.m.
SEA
Session 8A
Tax Policy I

Session Chairs:

Robert A. Collinge, University of Texas - San Antonio

Papers:

"Understanding Cigarette Tax Setting: The Competing Forces of Median Voter and Interest Groups"
Ming-Feng Hsieh, University of Wisconsin
Hui-chen Wang, University of Mississippi (Contact Author)

"Can Environmental Taxes Complement Federal Tax Reform?"
Thomas A. Creahan, Morehead State University (Contact Author)

"Taxable Income Elasticity and social Security Payroll Taxes"
David H. Eaton, Murray State University (Contact Author)

"Constitutions and Pollution Taxation"
Per G. Fredriksson, University of Louisville (Contact Author)
Eric Neumayer, London School of Economics

Discussants:

Stephanie M. Brewer, Indiana University of Pennsylvania


Friday
8:00 - 9:45 a.m.
SEA
Session 9A
Economic Growth and Trade Patterns

Session Chairs:

Maryanne Clifford, Eastern Connecticut State University

Papers:

"Vertical Specialization-Based Production and Intraindustry Trade"
Don P. Clark, University of Tennessee (Contact Author)

"The Relationship Between Liberalization, Trade Concentration and Economic Growth: An Emerging Markets Study"
Tuncer Gocmen, Shepherd University (Contact Author)
Lilian Kamal, Northwestern University
Ryo Takashima, West Virginia University

"Modularity, Incomplete Contracts and the Optimal Outsourcing Strategy for the Multinational Firm"
Ari Van Assche, University of California - Davis (Contact Author)

"What Drives Economic Growth? The Case of Cross-Border M&A and Greenfield FDI Activities"
Miao Wang, Marquette University (Contact Author)
M.C. Sunny Wong, University of Southern Mississippi

Discussants:

Teresa Beckham Gramm, Rhodes College
Roger White, Franklin & Marshall College
Hubert P. Janicki, Federal Reserve Bank of Richmond


Friday
8:00 - 9:45 a.m.
AERE
Session 10A
Private Responses to Environmental Policy

Organizers:

John C. Whitehead, Appalachian State University

Session Chairs:

Will Wheeler, U.S. Environmental Protection Agency

Papers:

"Investing in Risky R&D Programs in the Face of Climate Uncertainty"
Kwame Adu-Bonnah, ChemDesign Corporation
Erin Baker, University of Massachusetts (Contact Author)

"Should You Turn Yourself In? The Consequences of Self-Policing"
Sarah L. Stafford, College of William and Mary (Contact Author)

"Testing for Environmental Gentrifiction: Migratory Responses to Changes in Environmental Quality"
Spencer Banzhaf, Resources for the Future (Contact Author)
Randall P. Walsh, University of Colorado - Boulder

"Public, Private and Nonprofit Regulation for Environmental Quality"
Lucie Bottega, University of Toulouse I
Jenny De Freitas, University of Toulouse I (Contact Author)

Discussants:

Lucie Bottega, University of Toulouse I
Dennis Collentine, University of Gavle
Timothy C. Haab, Ohio State University
Paul E. Chambers, Central Missouri State University


Friday
8:00 - 9:45 a.m.
SEA
Session 11A
Measuring Income and Preferences

Session Chairs:

Guo Kai, University of Mississippi

Papers:

"Do Consumers Learn From Experience to Make More Optimal Choices Over Time? Evidence From the Internet Demand Experiment"
Karyen Chu, Federal Deposit Insurance Corporation (Contact Author)

"How Much Do Consumers Prefer Flat-Rate Pricing? Evidence From the Internet Demand Experiment"
Karyen Chu, Federal Deposit Insurance Corporation (Contact Author)

"Introducing Income Imputation: Improving Data Quality in the Consumer Expenditure Survey"
Geoffrey Paulin, Bureau of Labor Statistics (Contact Author)

"Two-Class Structure of the Personal Income Distribution in the USA in 1983-2001"
Victor M. Yakovenko, University of Maryland (Contact Author)

"Reciprocity, Turnover Costs and Implicit Bargaining Power in Employment Relationships"
William D. Ferguson, Grinnell College (Contact Author)

Discussants:

Marshall K. Gramm, Rhodes College
Jeffrey A. Livingston, Bentley College


Friday
8:00 - 9:45 a.m.
SEA*
Session 12A*
Time, Money, and Capital Structure

Moderators:

Michael R. Montgomery, University of Maine

Panelists:

Peter Lewin, University of Texas - Dallas

Steven G. Horwitz, St. Lawrence University

Roger W. Garrison, Auburn University


Friday
8:00 - 9:45 a.m.
SEA*
Session 13A*
Skin Shade, Social Status and Marriage

Organizers:

Darrick Hamilton, New School University

Session Chairs:

Darrick Hamilton, New School University

Papers:

"The Economic Consequences of Colorism and Complexion Homogamy in the Black Community: Some Historical Evidence"
Howard Bodenhorn, Lafayette College and NBER (Contact Author)

"Skin Shade, Status and Marriageability"
William A. Darity, Jr., University of North Carolina - Chapel Hill
Arthur H. Goldsmith, Washington and Lee University
Darrick Hamilton, New School University

"The Effect of Skin Color on Trust and Reciprocity in Laboratory Experiments"
Catherine C. Eckel, President-Elect, Southern Economic Association, University of Texas - Dallas
Rick K. Wilson, Rice University

Discussants:

Not yet assigned


Friday
8:00 - 9:45 a.m.
SEA*
Session 14A*
U.S. Brewing

Organizers:

Christian Rojas, University of Texas - Dallas

Session Chairs:

Christian Rojas, University of Texas - Dallas

Papers:

"Marketing Efficiency and Firm Success in the U.S. Brewing Industry"
Victor J. Tremblay, Oregon State University
Carol Horton Tremblay, Oregon State University
Yasushi Kudo, Oregon State University

"Alcohol Advertising in Magazines: Effects of Price, Demographics, and Audience Size"
Jon P. Nelson, Pennsylvania State University (Contact Author)

"Market Power and the Price Competition in U.S. Brewing"
Christian Rojas, University of Texas - Dallas (Contact Author)

"The Supreme Court and Beer Mergers: From Pabst/Blatz to the DOJ-FTC Merger Guidelines"
Kenneth G. Elzinga, University of Virginia (Contact Author)
Anthony W. Swisher, Akin Gump Strauss Hauer & Feld LLP

Discussants:

Christian Rojas, University of Texas - Dallas
Everett Peterson, Virginia Polytechnic Institute and State University


Friday
8:00 - 9:45 a.m.
SEA*
Session 15A*
Side Effects of Inflation Targeting

Organizers:

Javier A. Reyes, University of Arkansas - Fayetteville

Session Chairs:

Javier A. Reyes, University of Arkansas - Fayetteville

Papers:

"Sounding the Alarm on Inflation Indexing and Strict Inflation Targeting"
David M. Eagle, Eastern Washington University (Contact Author)

"Private Information and Inflation Targeting in Small Open Economies"
Paula L. Hernandez-Verme, Texas A&M University (Contact Author)

"Can Inflation Targeting Perpetuate Current Account Deficits?"
Christopher P. Ball, Quinnipiac University (Contact Author)
Javier A. Reyes, University of Arkansas - Fayetteville

"Institutions, Arrangements and Preferences for Inflation Stability: Evidence and Lessons From a Panel Data Analysis"
Stefan Krause, Emory University
Fabio Mendez, University of Arkansas - Fayetteville

Discussants:

Not yet assigned


Friday
8:00 - 9:45 a.m.
SEA*
Session 16A*
Generosity, Theories of Risk-Taking, and the Methodology of Experiments

Session Chairs:

James C. Cox, University of Arizona and Georgia State University

Papers:

"The Seat is Right: Bidder Heterogeneity in The Price Is right"
Ronald J. Baker, II, Millersville University
Jeremy T. Schwartz, Hampden-Sydney College (Contact Author)

"Evaluating the Efficacy of Between and Within Designs in Experimental Market Games"
Todd Sorensen, University of Arizona (Contact Author)
Utteeyo Dasgupta, University of Arizona

"On the Empirical Plausibility of Theories of Risk Aversion"
James C. Cox, University of Arizona and Georgia State University (Contact Author)
Vjolica Sadiraj, University of Arizona
Bodo Vogt, University of Magdeburg
Utteeyo Dasgupta, University of Arizona

"When Are Women More Generous Than Men?"
James C. Cox, University of Arizona and Georgia State University (Contact Author)
Cary A. Deck, University of Arkansas

Discussants:

Andrew Grodner, East Carolina University
T. Renee Bowen, Georgetown University


Friday
8:00 - 9:45 a.m.
SEA
Session 17A
Graduate Student Session 1 - The Economics of Investment and Saving

Organizers:

Arthur H. Goldsmith, Washington and Lee University

Session Chairs:

Kevin Rogers, Mississippi State University

Papers:

"Does the Choice of the Listing Level Matter? Evidence From Foreign Firms Cross-Listing"
Hicham Hadni, University of Delaware (Contact Author)

"Divided Attention: Implications for Consumption and Portfolio Choice"
Diego Nocetti, University of Memphis (Contact Author)

"Corruption and Saving in a Panel of Countries"
Mushfiq-us Swaleheen, University of Alabama (Contact Author)

"Returns in the Post-IPO Market: How Quickly Do They Become Efficient?"
Alexander Moltchanov, University of Miami (Contact Author)

Discussants:

Petr Zemcik, CERGE-EI


Friday
8:00 - 9:45 a.m.
SEA
Session 18A
Airline Bankruptcy Issues

Organizers:

Nicholas G. Rupp, East Carolina State University

Session Chairs:

Nicholas G. Rupp, East Carolina State University

Papers:

"Bankruptcy and Product-Market Competition: Empirical Evidence From the Airline Industry"
Federico Ciliberto, University of Virginia
Carola Schenone, University of Virginia (Contact Author)

"GAO Report on Pension Issues and Bankruptcy on the Competitive Structure of the Airline Industry"
JayEtta Z. Hecker, U.S. Government Accountability Office (Contact Author)

"Contract Disputes and (Lack of) Effort"
Darin Lee, LECG
Nicholas G. Rupp, East Carolina State University (Contact Author)

Discussants:

Roger Schaufele, Federal Aviation Administration
Carola Schenone, University of Virginia
Jack Wells, U.S. Department of Transportation


Friday
8:00 - 9:45 a.m.
SEA
Session 19A
Topics in International Finance

Session Chairs:

Kun Yang, Vanderbilt University

Papers:

"One Hemisphere, One Currency? How Feasible is Dollarization in Latin America?"
William Miles, Wichita State University (Contact Author)

"The Robustness of Real Interest Rate Parity Tests to Alternative Real Interest Rates"
Stefan C. Norrbin, Florida State University
Onsurang Pipatchaipoom, Newman University (Contact Author)

"Impact of Monetary Policy Shocks on Exchange Rates: A New Approach to Monetary Policy Shock Identification"
Pao-Lin Tien, Washington University in Saint Louis (Contact Author)

"The Impact of Oil Prices on the U.S. Dollar, British Pound, Euro, and Japanese Yen"
Cynthia Royal Tori, Valdosta State University (Contact Author)
Bill Buchanan, Valdosta State University

"Is There Indeed a Signaling Effect? Testing the Signaling Hypothesis of Tight Monetary Policies Against Speculative Attacks"
Kevin B. Grier, University of Oklahoma
Shu Lin, University of Oklahoma

Discussants:

Hisham S. Foad, Emory University
David Y. Chen, North Carolina A&T State University


Friday
8:00 - 9:45 a.m.
SEA
Session 20A
Agent-Based Models of Herding and Contagious Dynamics

Organizers:

Leanne J. Ussher, Queens College/CUNY

Session Chairs:

Leanne J. Ussher, Queens College/CUNY

Papers:

"Radicals, Revolutionaries, and Reactionaries in a Multi-Agent Model of Class Norms"
Robert Axtell, Brookings Institution (Contact Author)
Shubha Chakravarty, Brookings Institution

"Homeownership, Spillover Effects and Neighborhood Formation: An Agent-Based Approach"
Markus P. Schneider, New School University (Contact Author)

"Price Volatility and Liquidity in a Continuous Double Auction"
Leanne J. Ussher, Queens College/CUNY (Contact Author)

Discussants:

Jason Barr, Rutgers University
Troy Tassier, Fordham University
Duncan K. Foley, New School University


Friday
8:00 - 9:45 a.m.
SEA*
Session 21A*
Law and Economics

Organizers:

Vincy Fon, George Washington University

Session Chairs:

Vincy Fon, George Washington University

Papers:

"The Economic Analysis of Judicial Hierarchy"
Lewis Kornhauser, New York University (Contact Author)

"Two Dimensions of Regulatory Competition"
Francesco Parisi, George Mason University School of Law (Contact Author)
Norbert Schulz, University of Wuerzburg
Jonathan Klick, Florida State University and American Enterprise Institute

"Tort Reform and Death Rates"
Paul H. Rubin, Emory University (Contact Author)
Joanna M. Shepherd, Emory University

"Targeting Employees for Corporate Crime and Forbidding Their Indemnification"
Wallace Mullin, George Washington University
Christopher M. Snyder, George Washington University (Contact Author)

Discussants:

Not yet assigned


Friday
8:00 - 9:45 a.m.
SEA*
Session 22A*
Network Economics and Formation I

Organizers:

Robert P. Gilles, Virginia Polytechnic Institute and State University
Sudipta Sarangi, Louisiana State University

Session Chairs:

Hans Haller, Virginia Polytechnic Institute and State University

Papers:

"Social Games: Matching and the Play of Finitely Repeated Games"
Alison Watts, Southern Illinois University - Carbondale (Contact Author)

"A Case-Based Approach to Dynamic Network Formation"
Dimitrios Diamantaras, Temple University (Contact Author)

"Search in the Formation of Large Networks: How Random Are Socially Generated Networks?"
Brian Rogers, California Institute of Technology (Contact Author)

Discussants:

Sudipta Sarangi, Louisiana State University
Anne van den Nouweland, University of Oregon
Virginie Masson, University of Pittsburgh
Robert P. Gilles, Virginia Polytechnic Institute and State University