(Last updated in May of 2008)
EDUCATION:
Ph.D.-
University of California,
Berkeley, 1991
B.A.-
Indiana University,
Bloomington, 1986
FIELDS OF INTEREST:
Industrial Organization
Experimental Economics
Environmental Economics
EMPLOYMENT AND APPOINTMENTS:
Professor,
Purdue University,
August 2000-Present
Director,
Vernon Smith Experimental Economics
Laboratory
Associate Professor, Purdue University, August 1998-August
2000
Associate Professor,
University of Southern
California, May 1997-August 1998
Assistant Professor, University of Southern California,
September 1991-May 1997
Visiting Scholar,
Center for Research
in Experimental Economics and Political Decision-Making,
University of Amsterdam, Fall 2004
Visiting Associate,
California Institute
of Technology, Fall 1997
Project Manager, Quantum
Consulting Inc., July 1987-August 1991
Research Assistant,
University of Arizona,
January 1989-May 1989
Teaching Assistant,
UC Berkeley and
IU Bloomington,
August 1985-August 1987
PUBLICATIONS:
A. Journals
"Recommended Play and Correlated Equilibria: An Experimental
Study" (with Tridib Sharma), Economic Theory 33
(2007), pp. 11-27.
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or
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Paper (please click
here for the experiment instructions)
"Communication and Coordination in the Collective
Resistance Game" (with Vai-Lam Mui), Experimental
Economics 10 (special issue edited by J. Kagel and J.
van Huyck) (2007), pp. 251-267.
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or
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Paper
"A Market with Frictions
in the Matching Process: An Experimental Study" (with
Charles Noussair), International Economic Review
48
(2007), pp. 665-691. Read Abstract
or
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Paper
"Secure
Implementation Experiments: Do Strategy-proof Mechanisms
Really Work?" (with Tatsuyoshi Saijo, Tomas Sjöström
and Takehiko Yamato), Games and Economic Behavior
57
(2006), pp. 206-235. Read Abstract
or
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Paper
"An
Experimental Study of Price Dispersion in an Optimal Search Model
with Advertising" (with Shakun Datta),
International Journal of Industrial Organization
24
(2006), pp. 639-665.
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or
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Paper
"An Experimental Study of Compliance and Leverage in
Auditing and Regulatory Enforcement" (with Lata
Gangadharan), Economic Inquiry 44 (2006),
pp. 352-366.
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or
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"Emissions
Variability in Tradable Permit Markets with Imperfect
Enforcement and Banking" (with Lata Gangadharan),
Journal of Economic Behavior and Organization
61
(2006), pp. 199-216.
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or
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Paper
"Forced
Information Disclosure and the Fallacy of Transparency
in Markets" (with Charles Plott), Economic Inquiry
43
(2005), pp. 699-714. Read
Abstract
or
Download
Paper Click
here to
download raw data.
"Uncertainty and Resistance to Reform in Laboratory Participation
Games" (with Vai-Lam Mui), European Journal of
Political Economy 21 (2005), pp. 708-737. Read
Abstract
or
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Paper
"A Laboratory Comparison of Uniform and Discriminative
Price Auctions for Reducing Non-Point Source Pollution"
(with Lata Gangadharan), Land Economics 81 (2005),
pp. 51-70. Read Abstract
or
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Paper
"The Dynamics of Price Dispersion, or Edgeworth Variations"
(with Dan Friedman and Florian Wagener), Journal
of Economic Dynamics and Control 29 (2005), pp.
801-822. Read Abstract
or
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Paper
"Bounded Rationality in Laboratory Bargaining with Asymmetric
Information" (with Stan Reynolds), Economic Theory
25
(2005), pp. 553-574. Read
Abstract
or
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Paper
"Auction Design for Voluntary Conservation Programs"
(with Lata Gangadharan), American Journal of Agricultural
Economics 86 (2004), pp. 1211-1217.
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Paper
"Non-Excludable Public Good Experiments" (with Tatsuyoshi Saijo, Takehiko Yamato and
Konomu Yokotani), Games and Economic Behavior
49
(2004), pp. 81-102.
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or Download
Paper (or click here
for the longer, 2002 version)
"Buyer Search and Price Dispersion: A Laboratory
Study" (with Dan Friedman), Journal of Economic
Theory 112 (2003), pp. 232-260.
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or
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Paper (or click
here for the longer, July 2000 version)
"A Laboratory Study of Auctions for Reducing Non-Point
Source Pollution" (with Lata Gangadharan and Charlotte
Duke), Journal of Environmental Economics and Management
46 (2003), pp. 446-471. Read
Abstract
or
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Paper
"Market Power in Tradable Emission Markets: A Laboratory
Testbed for Emission Trading in Port Phillip Bay, Victoria"
(with Lata Gangadharan and Charlotte Duke), Ecological
Economics 46 (2003), pp. 469-491. Read
Abstract
or
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Paper
"Testing Political Economy Models of Reform in the Laboratory"
(with Vai-Lam Mui), American Economic Review
93 (Papers & Proceedings) (2003), pp. 208-212. (PDF
File:)
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Paper
"Buyer Liability and Voluntary Inspections in International
Greenhouse Gas Emissions Trading: A Laboratory Study,"
Environmental and Resource Economics 25 (2003),
pp. 101-127. Read
Abstract
or
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Paper (please click
here for the experiment instructions)
"Transaction Costs in Tradable Permit Markets: An Experimental
Study of Pollution Market Designs" (with Lata Gangadharan),
Journal of Regulatory Economics 23 (2003), pp.
145-165. Read
Abstract
or
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Paper
"Bargaining versus Posted Price Competition in Customer
Markets" (with Dan Friedman and Garrett Milam), International
Journal of Industrial Organization 21 (2003), pp.
223-251. Read
Abstract
or
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Paper
"Voluntary Participation and Spite in Public Good
Provision Experiments: An International Comparison"
(with Tatsuyoshi Saijo and Takehiko Yamato), Experimental
Economics 5 (2002), pp. 133-153.
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or
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Paper
"A Laboratory Study of Customer Markets" (with Dan
Friedman), Advances in Economic Analysis & Policy
(2002), Vol. 2: No. 1, Article 1.
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or (PDF File:) Download
Paper
"Fairness and Sharing in Innovation Games: A Laboratory
Study" (with Vai-Lam Mui), Journal of Economic Behavior
and Organization 48 (2002), pp. 243-264.
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or
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Paper
"Environmental Labeling and Incomplete Consumer Information
in Laboratory Markets" (with Lata Gangadharan),
Journal of Environmental Economics and Management
43 (2002), pp. 113-134.
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or
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Paper
"To Spin or Not To Spin? Natural and Laboratory Experiments
from The Price is Right" (with Rafael Tenorio),
The Economic Journal 112 (2002), pp. 170-195.
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or (PDF File:)
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Paper
"Durable Goods, Coasian Dynamics and Uncertainty: Theory
and Experiments" (with Tridib Sharma), Journal of
Political Economy 109 (2001), pp. 1311-1354.
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or (PDF File:)
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Paper
"The Opportunity for Conspiracy in Asset Markets Organized
with Dealer Intermediaries," Review of Financial
Studies 13 (2000), pp. 385-416.
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or
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Paper
"Learning in a Laboratory Market with Random Supply
and Demand" (with Dan Friedman), Experimental Economics
2 (1999), pp. 77-98.
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or
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Paper
"Do Community Characteristics Influence Environmental
Outcomes? Evidence from the Toxics Release Inventory"
(with Seema Arora), Southern Economic Journal
65 (1999), pp. 691-716.
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or (PDF File:)
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Paper
"Uncertainty, Information Sharing and Tacit Collusion
in Laboratory Duopoly Markets" (with Charles Mason),
Economic Inquiry 37 (1999), pp. 258-281.
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or Download
Paper
"A Laboratory Study of Voluntary Public Goods Provision
with Imperfect Monitoring and Communication" (with Feisal
Khan), Journal of Development Economics 58 (1999),
pp. 533-552.
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or
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Paper
"Social Influence in the Sequential Dictator Game" (with
Vai-Lam Mui), Journal of Mathematical Psychology
42 (1998), pp. 248-265.
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Paper
"An Experimental Study of Electronic Bulletin Board
Trading for Emission Permits" (with Lata Gangadharan),
Journal of Regulatory Economics 14 (1998), pp.
55-73.
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Paper
"A Laboratory Study of Group Polarization in the Team
Dictator Game" (with Vai-Lam Mui), The Economic
Journal 107 (1997), pp. 1465-1483.
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(PDF File:)
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Paper
"Price Formation in Single Call Markets" (with Dan Friedman),
Econometrica 65 (1997), pp. 311-345.
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or (PDF File:)
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Paper
"EPA's New Emissions Trading Mechanism: A Laboratory
Evaluation" (with Charles Plott), Journal of Environmental
Economics and Management 30 (1996), pp. 133-160.
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Paper
"Why Do Firms Volunteer to Exceed Environmental Regulations?
Understanding Participation in EPA's 33/50 Program"
(with Seema Arora), Land Economics 72 (1996),
pp. 413-432.
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or (PDF File:)
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Paper
"Price Formation in Double Auction Markets" (with Dan
Friedman), Journal of Economic Dynamics and Control
20 (1996), pp. 1307-1337
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Paper.
"An Experimental Investigation of the Seller Incentives
in EPA's Emission Trading Auction," American Economic
Review 85 (1995), pp. 905-922 (PDF File:)
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"Cheap Talk Price Signaling in Laboratory Markets,"
Information Economics and Policy 7 (1995), pp.
183-204.
"Price Communications in a Multi-Market Context: An
Experimental Investigation" (with Doug Davis), Review
of Industrial Organization 10 (1995), pp. 769-787.
"An Experiment in Voluntary Environmental Regulation:
Participation in EPA's 33/50 Program" (with Seema Arora),
Journal of Environmental Economics and Management
28 (1995), pp. 271-286.
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Paper
"The Impact of Information Sharing Opportunities on
Market Outcomes: An Experimental Study," Southern
Economic Journal 61 (1994), pp. 18-39.
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Paper
"The Strategic Value of Asymmetric Information Access
for Cournot Competitors," Information Economics
and Policy 6 (1994), pp. 3-24.
"Seller Incentive Properties of EPA's Emission Trading
Auction," Journal of Environmental Economics and
Management 25 (1993), pp. 177-195.
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Paper
"Call Market Efficiency with Simple Adaptive Learning,"
Economics Letters 40 (1992), pp. 27-32.
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"Agricultural Production's Impact on Water and Energy
Demand: A Choice Modeling Approach" (with Robert Uhlaner),
Resources and Energy 13 (1991), pp. 307-321.
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"Competitive Equilibrium Convergence in a Posted-Offer
Market with Extreme Earnings Inequities" (with Arlington
Williams), Journal of Economic Behavior and Organization
14 (1990), pp. 331-352.
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B. Books
Advances in Experimental Markets (2001), edited
by Timothy Cason and Charles Noussair (Berlin: Springer-Verlag).
Link
to Springer for more information (and to purchase).
C. Chapters in Books
"A Test Bed Experiment for Water and Salinity Rights
Trading in Irrigation Regions of the Murray Darling Basin,
Australia" (with Charlotte Duke and Lata Gangadharan),
in T. Cherry, S. Kroll and J. Shogren (eds.),
Experimental Methods, Environmental Economics
(2008), (London: Routlege), pp. 77-99.
Read Abstract
"Customer Search and Market Power: Some Laboratory
Evidence" (with Dan Friedman), in M. Baye (ed.),
Advances in Applied Microeconomics, vol. 8 (1999),
(Stamford, CT: JAI Press), pp. 71-99.
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or (PDF File:) Download
Paper
"Price Formation and Exchange in Thin Markets: A Laboratory
Comparison of Institutions" (with Dan Friedman), in
P. Howitt, E. de Antoni and A. Leijonhufvud (eds.),
Money, Markets and Method: Essays in Honour of Robert
W. Clower (1999), (Cheltenham, UK: Edward Elgar),
pp. 155-179.
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or (PDF File:) Download
Paper
"Price Signaling and 'Cheap Talk' in Laboratory Markets,"
in C. Plott and V. Smith (eds.), The Handbook of
Experimental Economic Results, (Amsterdam:
Elsevier Press).
"Trading Institutions and Emission Allowances," in C.
Plott and V. Smith (eds.), The Handbook of Experimental
Economic Results, (Amsterdam: Elsevier Press).
"A Comparison of Market Institutions" (with Dan Friedman),
in C. Plott and V. Smith (eds.), The Handbook of
Experimental Economic Results, (Amsterdam:
Elsevier Press).
"A Voluntary Approach to Environmental Regulation:
The 33/50 Program" (with Seema Arora), in W. Oates (ed.),
The RFF Reader in Environmental and Resource Management
(1999), (Washington, DC: Resources for the Future),
pp. 97-103.
"Speculation in Experimental Markets for Emission Permits"
(with Steven Elliott and Mark Van Boening), in C. Holt
and R. M. Isaac (eds.), Research in Experimental
Economics, vol. 7 (1999), (Stamford, CT: JAI Press),
pp. 93-119.
"An Empirical Analysis of Price Formation in Double
Auction Markets" (with Dan Friedman), in D. Friedman
and J. Rust (eds.), The Double Auction Market: Institutions,
Theories and Evidence (1993), (Reading, MA: Addison-Wesley),
pp. 253-283.
D. Other Publications
"Experimental Markets: Introduction" (with Charles
Noussair), Economic Theory 16 (2000), pp. 503-509.
(Book Review) The Alternating Double Auction Market:
A Game Theoretic and Experimental Investigation,
by Abdolkarim Sadrieh (Springer-Verlag), in the
Journal of Economics 71 (2000), pp. 84-86.
WORK IN PROGRESS:
"Costly Buyer Search in Laboratory Markets with Seller
Advertising" (with Shakun Datta).
Read Abstract
or
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Paper
"Moral Hazard and
Peer Monitoring in a Laboratory
Microfinance Experiment" (with Lata Gangadharan and Pushkar
Maitra). Read Abstract
or
Download
Paper
"Spite and Counter-Spite in Auctions" (with Naoko
Nishimura, Tatsuyoshi Saijo and Yoshikazu Ikeda).
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or
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Paper
"Explicit versus Implicit Contracts for Dividing the Benefits of Cooperation"
(with Marco Casari). Read Abstract
or Download Paper
"The Strategy Method Biases Measured Trustworthy
Behavior"
(with Marco Casari). Download Paper
"Coordinating Collective Resistance through Communication
and Repeated Interaction" (with Vai-Lam Mui). Read Abstract
or Download Paper
"Contests with Random Noise and a Shared Prize" (with
Roman Sheremeta and William Masters). Read Abstract
or Download Paper
"Testing the TASP: An Experimental Investigation of
Learning in Games with Unstable Equilibria" (with Ed Hopkins
and Dan Friedman).
"Indirect Punishment Promotes the Fitness of Human
Cooperation" (with Arno Riedl,
Arthur Schram and Aljaz Ule).
AWARDS, GRANTS AND FELLOWSHIPS:
2008-2011: Environmental
Protection Agency Grant--National
Center for Environmental Research (Purdue University)
2006-2007:
Australian Research Council Discovery Grant (Purdue University
and Monash University)
2005-2007: National Science
Foundation Grant (Purdue University)
2006: Best Article Award, Economic Inquiry
2004: Fulbright Commission Senior Scholar Grant (Charles
University CERGE-EI,
Prague)
2003-2005: Krannert Faculty Fellow (Purdue University)
2002-2004: Environmental
Protection Agency Grant--National
Center for Environmental Research (Purdue University)
2001-2005: University Faculty Scholar (Purdue University)
2000: Visiting Research Scholar Grant (University of
Melbourne)
1997-2000: National Science
Foundation Grant (University of Southern California,
Purdue University)
1999: Center for International Business Education and
Research Grant (Purdue Univ.)
1998-1999: C.O.N.A.C.y T. (Mexican NSF) Grant (Purdue
University)
1996-1997: Haynes Foundation Faculty Fellowship (University
of Southern California)
1996: Southern California Studies Center Fellowship
(University of Southern California)
1994-1995: U.S. Department
of Energy Grant (University of Southern California)
1993-1996: National Science
Foundation Grant (University of Southern California)
1992-1993: Zumberge Research Innovation Fund Grant (University
of Southern California)
1992-1993: Haynes Foundation Faculty Fellowship (University
of Southern California)
1989-1990: Departmental Fellowship (University of California)
1989-1990: Institute for Business and Economic Research
Grant (University of California)
1989: Visiting Predoctoral Fellowship (
University of Arizona Economic Science Lab)
1986-1987: University Fellowship (University of California)
PROFESSIONAL AFFILIATIONS:
Editor (2004 - ) Editorial Board (1998-2004),
Experimental Economics
Associate Editor,
Journal
of Economic Behavior and Organization
Editorial Council,
Journal
of Environmental Economics and Management
Executive committee (President-Elect), Economic
Science Association
Member, American
Economic Association, Econometric
Society.
INVITED SEMINARS:
University of Amsterdam, University of Arizona, Baylor
University, Bowdoin College, University of
California-Berkeley, University of California-Irvine, UCLA,
University of California-San Diego, University of
California-Santa Barbara, Charles University (Prague),
University of Cincinnati, University of Copenhagen,
University of Delaware, Universidad del CEMA (Buenos Aires),
DePaul University, University of East Anglia, Emory
University, Environmental Protection Agency, Federal Trade
Commission, George Mason University, Georgia State
University, Harvard University, University of Houston,
Indiana University, IUPUI, Instituto Tecnológico Autónomo de
México, University of Iowa, Lakehead University, Maastricht
University, University
of Magdeburg, University of Maryland, Max Planck Institute
(Jena), McMaster University, University of Melbourne,
Michigan State University, University of Michigan,
Middlebury College, University of Mississippi, Monash
University, University of New South Wales, New York
University, Northwestern University, University of Notre
Dame, University of Nottingham, Ohio State University,
Osaka University, Penn State University, Purdue University, Resources for the
Future, Rice University, University of Richmond, Royal
Holloway-University of London, University of South Carolina,
University of Southern California, University of Sydney,
Sydney Futures Exchange, Texas A&M University, Tilburg
University, Tinbergen Institute (Amsterdam), University of
Tsukuba, Victoria Dept. of Nat. Resources & Environment,
University of Washington, University of Wyoming, Vanderbilt
University, Virginia Commonwealth University, Washington University (St. Louis), Western
Michigan University, Wissenschaftszentrum Berlin (WZB) |
