Faculty Biographies

Economics Department
Indiana University

MICHAEL V. ALEXEEV, Professor, (Ph.D., Duke University, 1984) Comparative Economics, Microeconomics. Dr. Alexeev's research and teaching interests lie mostly in the fields of comparative economics and economics of transition from a Soviet-type economy to a market economy. Recently he has also been interested in comparative analysis of institutions and in law and economics. In studying the economics of transition, Dr. Alexeev concentrates on the behavior of various economic agents (enterprise managers, consumers, government officials) paying special attention to informal aspects such as underground economic activities. Dr. Alexeev's research has appeared in Journal of Economic Theory, Review of Economics and Statistics, and European Economic Review, as well as in comparative economics journals and edited volumes. Since early 1992 Dr. Alexeev, who is a native of Russia, has been actively participating in the technical assistance programs to the former Soviet Union.
Url: http://mypage.iu.edu/~malexeev/
Curriculum Vitæ
MICHAEL R. BAYE, Adjunct Professor
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ROBERT A. BECKER, Professor, (Ph.D., University of Rochester, 1978), Capital Theory, Mathematical EconomicsProfessor Becker's primary research and teaching interests are in the fields of capital theory, general equilibrium analysis, and game theory.  His current research examines the dynamics of the Nash map, which originally arose in the study of n-person games.  Most of his research has focused on the relationship between optimal growth paths and dynamic equilibrium programs, as well as on the dynamics of capital accumulation programs with heterogeneous agents and incomplete markets. He has been engaged in a study of the foundations of recursive utility functions that serve as the objective of agents in a variety of dynamic models.  This research is presented in his monograph Capital Theory, Equilibrium Analysis, and Recursive Utility (co-authored with John H. Boyd, III) published by Basil Blackwell Publishers in 1997.  He has published articles on questions arising in dynamic competitive models in journals including the Quarterly Journal of Economics, Journal of Economic Theory, Economic Theory, Journal of Mathematical Economics, and Econometrica.  Professor Becker is also the co-editor with Professor Edwin Burmeister of Growth Theory, Edward Elgar, 1990.  This is a three volume collection of reprinted articles on descriptive, optimal and equilibrium growth theories.  Professor Becker is also serving as an Associate Editor of The International Journal of Economic Theory, and Studies in Nonlinear Dynamics and Econometrics.  Professor Becker is currently Executive Associate Dean of the College of Arts and Sciences.
Url: http://mypage.iu.edu/~becker/
Curriculum Vitæ
WILLIAM E. BECKER, Professor, (Ph.D., University of Pittsburgh, 1973), Econometrics, Economic Education, and Economics of Education. William Becker is a professor of economics at Indiana University Bloomington, an adjunct professor at the University of South Australia, where he has been in residence a couple of months each year since 1995, and a research fellow at the Institute for the Study of Labor (IZA, Bonn Germany), where he will be in residence in April-May 2009.  Bill is editor of the Journal of Economic Education and of the SSRN Economic Research Network Educator.  He also serves on the editorial board of the Economics of Education Review.  He is a member of the American Economic Association's standing committee on economic education.  He was 2005-06 president of the 450 member Midwest Economic Association.

            Professor Becker's scholarly pursuits have been supported by the National Science Foundation, Kazanjian Foundation, Russell Sage Foundation, Helen Dwight Reid Foundation, and the Bush Foundation. His research appears in the American Economic Review (refereed and proceedings), American Statistician, American Journal of Agricultural Economics, Econometric Theory, Economic Inquiry, Journal of Economic Perspectives, Journal of Finance, Journal of Human Resources, Journal of Economic Literature, Journal of Risk and Insurance, Monthly Labor Review, Review of Economics and Statistics, Southern Economics Journal, and numerous other journals.  He is the author of Statistics for Business and Economics (South-Western, International Thomson Publishing) and Statistics for Business and Economics Using Microsoft Excel (SRB Publishing), and is co-author of Business and Economics Statistics (Addison-Wesley), and co-editor of Academic Rewards in Higher Education (Ballinger), Econometric Modeling in Economic Education Research (Kluwer-Nijhoff), The Economics of American Higher Education (Kluwer), American Higher Education and National Growth (Kluwer), Assessing Educational Practices: The Contribution of Economics (MIT Press), Teaching Economics to Undergraduates: Alternatives to Chalk and Talk (Edward Elgar), Incentive Based Budgeting Systems in Public Universities (Edward Elgar), The Scholarship of Teaching and Learning in Higher Education: Contributions of the Research Universities  (Indiana University Press), and Teaching Economics: More Alternatives to Chalk and Talk (Edward Elgar). 

            Before joining the faculty of Indiana University in 1979, Dr. Becker was a tenured faculty member at the University of Minnesota, where he returned for the academic year of 1988 to serve as acting director of the Management Information Division.  He has held visiting appointments at Princeton University and the universities of Adelaide, Melbourne, and South Australia.  Through the 1990s he toured Indonesia assessing university programs for the World Bank Midwest Universities Consortium for International Activities, visited Spain consulting for Universidad Carlos III, worked with the Soros Foundation in St Petersburg Russia, and was in Abu Dhabi consulting for the Emirates Center for Strategic Studies and Research on the role of education in the new millennium. In 2002 he made multiple trips to Mexico to work with Centro de Investigacion y Docencia Economicas.  In 2003, he was in Portugal and Scotland working respectively with the University of Evora and the Economic Centre of the Learning and Teaching Support Network.  In 2006, he was in Singapore as a consultant to the newly formed Singapore Management University and in 2007 at the University of Western Australia consulting on the teaching of economics.  He has been a paid consultant for the United States Department of Justice, United States Department of Education, Ford Motor Company, Chrysler Corporation, Nissan, and Westinghouse, as well as many smaller firms and individuals, for whom he has given expert statistical and econometrics testimony in Minnesota, Illinois and Indiana courtrooms.

Dr. Becker earned a bachelor's degree in mathematics from the College of St. Thomas in 1967, a master's degree in economics from the University of Wisconsin in 1970, and a doctorate in economics from the University of Pittsburgh in 1973. He has received several teaching and research awards and in 2003 he received the National Council on Economic Education Marvin Bower Award for leadership and service to economic education.  His career is featured in Who's Who in Economics (4th edition, Edward Elgar), Who's Who in America (63nd edition, Marquis), and Who’s Who in Science and Engineering (10th Anniversary Edition, Marquis).
Url: http://mypage.iu.edu/~beckerw/
Curriculum Vitæ

EDWARD F. BUFFIE, Professor, (Ph.D., Yale University, 1982), Economic Development. Professor Buffie teaches courses in macroeconomic theory and economic development.  His research is primarily concerned with issues relating to trade and stabilization policy in less developed countries.  From 1990-1995, he was an Associate Editor of the Journal of Development Economics.  Recent publications include, "Riding the Wave:  Monetary Responses to Aid Surges in Low-Income Countries"(European Economic Review, forthcoming), "Smart Forward Shooting" (Computational Economics, forthcoming), and "Public Sector Layoffs, Severance Pay, and Inflation in the Small Open Economy" (Journal of International Money and Finance, forthcoming). In February 2001, Professor Buffie published Trade Policy in Developing Countries with Cambridge University Press.
Url: http://mypage.iu.edu/~ebuffie/
Curriculum Vitæ
MARY BETH CAMP, Clinical Assistant Professor
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Rubiana Chamarbagwala, Assistant Professor, (Ph.D. University of Maryland, 2004), Economic Development, International TradeProfessor Chamarbagwala’s research focuses on the impact of economic reforms and liberalization on poverty, inequality, and human capital investments in India.  Recent research includes a spatial analysis of child labor and education; an examination of the cultural aspect of anti-female bias; gender differences in mortality, nutrition, and health outcomes; and a study of industry deregulation and poverty in India. In 2003, she was the winner of the graduate student competition of the 10th Annual Conference on Empirical Investigations in International Trade and the Economic Club of Washington, DC, doctoral dissertation fellowship. Chamarbagwala received her BA from Middlebury College, VT, and her Ph.D. from the University of Maryland, College Park.
Url: http://mypage.iu.edu/~rchamarb

Curriculum Vitæ

FWU-RANQ CHANG, Professor, (Ph.D., Stony Brook, 1976; Ph.D., Chicago, 1985), Price Theory, Economics of Uncertainty. Professor Chang received his B.S. from National Taiwan University, holds a Ph.D. in Economics from the University of Chicago, and a Ph.D. in Mathematics from the State University of New York at Stony Brook. His graduate-level courses include price theory sequence and mathematical economics (stochastic control theory and applications, economics of uncertainty). He has been a visiting scholar at the University of Chicago, Center for Economic Studies (CES) of the University of Munich, Germany, and Economic Research Center (ERC) of Nagoya University, Japan. He is also a recipient of the 1986 Outstanding Young Faculty Award of Indiana University, a recipient of 2004 IU Trustees Teaching Award, and a Research Fellow of CESifo Research Network. Professor Chang's primary research interest is in the field of economic dynamics under uncertainty. He has published papers in prestigious journals in economics and mathematics, including Econometrica, the Review of Economic Studies, the Journal of Economic Theory, the Proceedings of American Mathematical Society, and the Journal of Optimization Theory and Applications. In 2004 he published a book, Stochastic Optimization in Continuous Time, with the Cambridge University Press.
Url: http://mypage.iu.edu/~changf/
Curriculum Vitæ

JUAN CARLOS ESCANCIANO, Assistant Professor, (Universidad Carlos III de Madrid, 2004) I am originally from Madrid, Spain.  I attended Universidad Complutense de Madrid, where I received a B.S. in math, and University Carlos III de Madrid where I received a Ph.D. in Economics in 2004.  Following two years on the faculty of the Universidad de Navarra, in Pamplona, Spain, I came to Indiana University in 2006 as an Assistant Professor of Economics.  My research interests fall broadly into the area of econometric theory, with an emphasis on specification testing in econometric models for cross section and time series sequences.  Most of my research has focused on the development of consistent specification tests using the modern theory of empirical processes for dependent data.  I have published papers in Journal of the American Statistical Society, Journal of Econometrics, Econometric Theory, Statistica Sinica, Computational Statistics and Data Analysis.
Url: http://mypage.iu.edu/~jescanci/

MICHELE FRATIANNI, Adjunct Professor
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ROY J. GARDNER, Chancellor's Professor of Economics and Henry H. H. Remak Professor of West European Studies; Academic Director,  Kyiv School of Economics; Faculty Associate, Workshop in Political Theory and Policy Analysis. (Ph.D., Cornell University, 1975), Games and Experimental Methods, the Economics of Europe. Professor Gardner teaches courses in economic theory, game theory, and the economics of Europe. His research is funded in part by the Eurasian Foundation and the World Bank. Recent publications:  The Enlargement” in The Economics of European Integration (Artis and Dixson, eds); (2003) Games for Business and Economics, Wiley, (second edition); (2004) “The Origins of Territoriality: The Case of the Maine Lobster Industry” The American Anthropologist. (with J. Acheson); (2005)  “Spatial Strategies and Territoriality in the Maine Lobster Fishery” Rationality and Society. (with J. Acheson).  (2007)   "Budget Processes: Theory and Experimental Evidence and Games and Economic Behavior” (with K-M Ehrhart, J von Hagen and C Keser).  Gardner's latest NSF grant is "The Evolution of Rules in Two Fisheries," 2008-2011 (with A. Acheson and J. Acheson).
Url: http://mypage.iu.edu/~gardner/
Curriculum Vitæ
GERHARD GLOMM, Professor, (Ph.D. University of Minnesota, 1988)  Born in southern Germany in 1957, Dr. Glomm attended the University of Kansas from 1978 to 1981, majoring in Economics.  He completed graduate school at the University of Minnesota with a Ph.D. in Economics in 1988.  Dr. Glomm has previously held faculty positions at the University of Virginia and most recently at Michigan State University. Research and teaching interests include macroeconomics, economic growth, income distribution and political economy.  Recent papers include, On the “Political Economy of Means Tested Education Vouchers” (with P. Bearse and B. Ravikumas), European Economic Review, 2000; “Distributional Effects of Public Education in an Economy with Public Pensions”, (with M. Kaganovich), International Economic Review, 2004, “AIDS Crisis and Growth” Journal of Development Economics, 2005 and “A Charter School Location” (with D. Harris and T. Lo), Economics of Education Review, “Macroeconomic Implications of Early Retirement in the Public Sector: The Case of Brazil” ( with Juergen Jung and Chung Tran) forthcoming in Journal of Economic Dynamics and Control.
Url: http://mypage.iu.edu/~gglomm/
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RICK HARBAUGH, Adjunct Assistant Professor
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KIM HUYNH, Assistant Professor, (Ph.D. Queen’s University, 2004), Macro/Monetary Economics, Applied Econometrics  Kim Huynh's research and teaching interests include Macro/Monetary Economics and Applied Econometrics. Kim has investigated the empirical micro-foundations of money demand and financial innovation. Household survey data is used to investigate the role of fixed costs in the adoption of financial technology and effects on the welfare costs of inflation. Other research investigates industry dynamics. This research looks at the relationship between a firm's financial choices and its growth patterns. Kim is a Canadian and arrives at Indiana after finishing his Ph.D. from Queen's University.
Url: http://mypage.iu.edu/~kphuynh/
Curriculum Vitæ

DAVID JACHO-CHAVEZ, Assistant Professor, (Ph.D. London School of Economics, 2006), Microeconometric Theory, Applied Microeconometrics, Computational Econometrics
David Jacho-Chavez's main research interest is in Microeconometric theory and applications, with particular interests in nonparametric identification of economic models and higher order statistical properties of semiparametric estimators. His interest in non/semi-parametric models also includes the practical aspects of computationally intensive methods used in their empirical implementations. David is a native of Guayaquil, Ecuador, and holds both a B.Sc. (Honours), and a M.Sc. (Distinction) in Econometrics and Mathematical Economics, as well as a doctorate in Economics from the London School of Economics and Political Science.
Url:
http://mypage.iu.edu/~djachoch/

MICHAEL KAGANOVICH, Professor, (Ph.D., Academy of Sciences, Moscow, Russia, 1985), Economic TheoryProfessor Kaganovich's primary research and teaching interests are in the models and methods of Growth Theory, as well as their applications. They include growth models with human capital, public programs and inter-generational transfers, models of educational systems, as well as the issues in economics of transition and economics of the environment and natural resources. He has published papers in the Review of Economic Studies, Economic Theory, European Economic Review, International Economic Review, Journal of Public Economics, Economics Letters, Journal of Economic Behavior and Organization, Journal of Economic Dynamics and Control, and Journal of Comparative Economics. Professor Kaganovich is an Associate Editor of the Journal of Public Economic Theory. He is a Fellow of the CESifo Research Network.
Url: http://mypage.iu.edu/~mkaganov/
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HEEJOON KANG, Adjunct Professor
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YOON-JIN LEE, Assistant Professor, (Ph.D. Cornell University, 2006).   Yoon-Jin Lee’s main research area is econometric theory, time series econometrics and financial econometrics with focus on specification testing in time series models and dynamic panel data models. Her research interest also includes applications to financial econometrics. Her research has focused on specification tests for time series regression models based on generalized spectral analysis and diagnostic tests for volatility models and dynamic panel data models. Originally from Korea, Dr. Lee received her B.A. from Yonsei University, Korea, M.A. in Economics, Tokyo University, Japan, and her Ph.D. from Cornell University.
Url: http://mypage.iu.edu/~lee243

ERIC M. LEEPER, Professor, (Ph.D., University of Minnesota, 1989), Macroeconomics, Money, Applied Time SeriesProfessor Leeper’s research and teaching interests center on macroeconomics and monetary economics, with a special emphasis on monetary and fiscal policy analysis.  One line of his research explores the theoretical and empirical implications of the dynamic interactions between monetary and fiscal policy. Another line studies empirical aspects of policy.  Much of his research employs formal stochastic general equilibrium models and/or informal supply and demand analysis to interpret economic time series. Recent work explores the implications of recurring changes in policy regime in the context of dynamic stochastic general equilibrium models. Before joining the IU faculty, Leeper spent four years in the research department at the Federal Reserve Bank of Atlanta and four years in the international finance division of the Board of Governors of the Federal Reserve System in Washington, D.C.  Leeper’s research has been published in The American Economic Review, The Journal of Political Economy, The Journal of Monetary Economics, Brookings Papers on Economic Activity, the NBER Macroeconomics Annual, the Carnegie-Rochester Conference Series on Public Policy, and a variety of other refereed journals. Leeper is a regular visitor to Federal Reserve and other central banks and serves as an external advisor to the Sveriges Riksbank (Swedish central bank). He is a Research Associate with the National Bureau of Economic Research and director of the Center for Applied Economics and Policy Research at Indiana University. He was born in Isfahan, Iran, and spent his school-age years in Taiwan, Malaysia, Seattle, Hong Kong, and Northern Virginia.
Url: http://mypage.iu.edu/~eleeper
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RICARDO A. LOPEZ, Assistant Professor, (Ph.D. UCLA, 2003), International Trade, Economic Development. Professor López’s research interests are in international trade and economic development. He teaches international trade courses for both undergraduate and graduate students. His research has focused on the role of international trade as a source of productivity growth in developing countries. He has articles published or forthcoming in the Canadian Journal of Economics, Economics Letters, the Journal of Economic Surveys, the Latin American Journal of Economics, the Oxford Bulletin of Economics & Statistics, the Review of International Economics, the Review of World Economics, and World Development. Born in Santiago, Chile, Professor López earned a bachelor’s degree in economics from the University of Chile, and a doctorate in economics from the University of California, Los Angeles (UCLA).
Url: http://mypage.iu.edu/~rialopez/
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JOHN W. MAXWELL, Adjunct Associate Professor
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PETER OLSON, Lecturer
Url: http://mypage.iu.edu/~polson/
FRANK H. PAGE Jr., Professor (Ph.D., University of Illinois, 1980) Microeconomics and Contract Theory, Network Formation Games, Public Economics, Financial Economics.  Professor Page’s current research interests lie in two areas: (1) strategic network formation and (2) competitive nonlinear pricing games. In the area of strategic network formation, his current work focuses on the emergence of stochastic network dynamics from strategic behavior and stochastic elements in nature. In the area of competitive nonlinear pricing games, his current work focuses on the Nash existence problem in such games. Professor Page has published in Econometrica, the Journal of Economic Theory, Economic Theory, the Journal of Mathematical Economics, the International Journal of Game Theory, the Journal of Financial and Quantitative Analysis, the Journal of Public Economic Theory, the Annals of Finance, the Journal of Economic Behavior and Organization, Canadian Mathematical Bulletin, Journal of Global Optimization, Optimization, Review of Economic Design, Social Choice and Welfare, Mathematical Social Sciences, and Economic Letters. Professor Page is an Associate Editor of the Journal of Public Economic Theory, the Annals of Finance, and Economics Bulletin. He is regularly Visiting Professor at the University of Paris 1 (Pantheon-Sorbonne) and he has twice (1996 and 2006) been the organizer of the NSF/NBER Decentralization Conference. He is Vice President of the Association for Public Economic Theory.
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BRIAN PETERSON, Assistant Professor, (Ph.D. 2001, University of Pennsylvania) International Economics, Macroeconomics Professor Peterson's research interests include International Monetary Economics, Monetary Theory and Business Cycles.  Recent research has focused on the effects of Dollarization and the conditions that lead to Dollarization arising in a country. Other research has focused on explaining the leading behavior of housing investment over the business cycle. Brian is a native of Minnesota and did his undergraduate studies at Trinity University in San Antonio, TX.
Url: http://mypage.iu.edu/~bripeter/
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ERIC B. RASMUSEN, Adjunct Professor
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MICHAEL RAUH, Adjunct Professor
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ELYCE J. ROTELLA, Associate Professor, (Ph.D., University of Pennsylvania, 1977), Economic History, Labor and Population Economics, Women in the Economy. Professor Rotella specializes in the economic history of the U.S. and in labor and demographic economics. She teaches undergraduate and graduate courses on economic history and on economic issues related to women. Much of her research has examined the role of women in the U.S. economy. In her book, From Home to Office: U.S. Women at Work, 1870-1930 (UMI Research Press, 1981) she analyzes the growth of female labor force participation and the transformation of clerical occupations from all-male to all-female jobs. She has published articles on women in the labor force in the Journal of Economic History and Explorations in Economic History as well as in other journals and in edited books. Currently she is working on the history of savings and debt. This research looks at the ways that urban working class families used savings, borrowing, and insurance to smooth consumption. She uses data from household budget studies and business records to examine saving and borrowing behavior. Among the institutions she examines are savings banks, mortgage lending, and pawnbroking. Her research in demographic economics includes a survey of the relationship between fertility and nuptiality in LDCs and an ongoing project which examines the relationship between municipal expenditures on sanitation and mortality from water-borne diseases. In 1998/99, Professor Rotella spent a year in Sweden as Fulbright Professor of Economic History and American Studies at Uppsala University. She spent 2004/05 at l'Ecole des Hautes Etudes en Sciences Sociales.
Url: https://oncourse.iu.edu/
Curriculum Vitæ
JAMES SELF, Lecturer. Jim Self’s teaching interests lie primarily in fields of introductory economics and public finance.  Jim joined Indiana University in 2002 with his primary responsibilities being to teach large lecture sections of introductory microeconomics and macroeconomics.  Jim also regularly teaches a two course sequence of advanced undergraduate public sector economics and is the coordinator for the department’s microeconomic principle course.  His research interests are focused in public finance and issues of economic efficiency.  In one line of research Jim is looking at developing a tax system efficiency metric that can be used to consistently compare alternative tax systems with consideration of both compliance and deadweight loss costs.   In another line of research, Jim is studying the effect on the overall economy that is transmitted from the stock market as a result of agency problems between principals and management.  The framework for the research assumes general market efficiency in the Fama sense but allows for anomalous behavior.  One goal is to link stock market performance to long term economic performance.  Jim completed his graduate work at Southern Illinois University with a Ph.D. in Economics in 2002.  Jim also serves in the United States Marine Corps Reserve as an Air Control Officer with an occupational specialty in air traffic control. He has served in numerous active duty and reserve positions since 1982 and is currently a Lieutenant Colonel assigned to the College of Continuing Education Training & Education Command located on Marine Corps Base Quantico, VA.
Url: http://mypage.iu.edu/~jkself
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RUSTY TCHERNIS, Assistant professor, (Ph.D., Brown University, 2002) Applied Econometrics, Health and Labor Economics. Professor Tchernis completed his graduate studies at the department of economics, Brown University and a postdoctoral research fellowship at the department of Health Care Policy, Harvard Medical School. His research in Applied Econometrics concentrates on applications of Bayesian methods, causal inference, and spatial modeling. His research interests in Health Economics include the economics of obesity, consumer choice of health insurance, and effects of education on health.
Url: http://mypage.iu.edu/~rtcherni/
PRAVIN K. TRIVEDI, Rudy Professor of Economics, (Ph.D., London School of Economics, 1970), Econometrics. Professor Trivedi's current research and teaching interests are in (micro-) econometrics. A central focus of his current research interests is microeconometric modeling, with special reference to health care utilization. He has co-authored the Econometric Society Research Monograph, Regression Analysis of Count Data (Cambridge, 1998), a graduate text Microeconometrics: Methods and Applications (Cambridge, 2005), and, more recently, a new graduate-level applied microeconometrics text, Microeconometrics Using Stata (Stata Press, 2008). He has served as Co-Editor of Econometrics Journal (2000-2007) and on the Editorial Board of the Journal of Applied Econometrics since 1986. Some selected recent journal articles include: "Bayesian Analysis of the Ordered Probit Model with Endogenous Selection", Journal of Econometrics (2008);  “Copula Modeling: An Introduction for Practitioners,” Foundations and Trends in Econometrics, 2007; “Bayesian Analysis of the Two-Part Model with Endogeneity: Application to Health Care Expenditure,” Journal of Applied Econometrics, 2006; “A Specification and Simulated Likelihood Estimation of a Non-normal Treatment-Outcome Model with Selection: Application to Health Care Utilization,” Econometrics Journal, 2006; “Using Trivariate Copulas to Model Sample Selection and Treatment Effects: Application to Family Health Care Demand,” Journal of Business and Economic Statistics, 2006; “A Private Insurance, Selection, and Health Care Use: A Bayesian Analysis of Roy-type Model,” Journal of Business and Economic Statistics, 2006. Further details of his recent research papers can be found on his web page.
Url: http://mypage.iu.edu/~trivedi/
Curriculum Vitæ
JAMES M. WALKER, Professor, (Ph.D., Texas A&M University, 1978), Experimental Economics, Public Choice.  Professor Walker is also the Co-Director of the Workshop in Political Theory and Policy Analysis at Indiana University. His principal research focus is the use of experimental methods in the investigation of individual and group behavior related to the voluntary provision of public goods and the use of common pool resources.  Recent journal publications include: “Voting on Allocation Rules in a Commons Without Face-to-Face Communication: Theoretical Issues and Experimental Results,” Economic Journal, (with R. Gardner, A. Herr, and E. Ostrom). “Collective Action with Incomplete Commitment; Experimental Evidence,” Southern Economic Journal, (with P. Schmitt and K. Swope), “Incorporating Motivational Heterogeneity into Game Theoretic Models of Collective Action,” Public Choice (with T.K Ahn and E. Ostrom), “The Effect of Rewards and Sanctions in Provision of Public Goods,” Economic Inquiry (with M. Sefton and R. Shupp). Professor Walker also published, with his colleagues Elinor Ostrom and Roy Gardner, Rules Games, and Common Pool Resources, University of Michigan Press.
Url: http://mypage.iu.edu/~walkerj/
Curriculum Vitæ

TODD WALKER, Assistant Professor, (Ph.D. University of Iowa, 2006), Macroeconomics, Financial Economics and Applied Econometrics.  One line of my research uses advanced time-series methods to introduce a technique for successfully modeling asymmetric information in a dynamic economy.  Another research agenda examines how the information content of asset prices can be used to estimate conditional probabilities that firms will default on their debt obligations.  Born in Chillicothe, Ohio, Professor Walker earned a B.A. and M.A. degree in economics from Miami University.
URL:
http://mypage.iu.edu/~walkertb/

ARLINGTON W. WILLIAMS, Professor, (Ph.D., University of Arizona, 1978), Experimental Economics, Applied Microeconomics. Much of Professor Williams' research has involved the design and implementation of computerized trading environments to investigate empirically the predictive power of market equilibrium theories. For example, a paper in Econometrica “Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets” used laboratory markets to study stock market price bubbles and crashes. He has also used experimental methods to study price expectation formation models and public goods provision via voluntary contributions, and risk preference differentials revealed by individual decisions versus small-group decisions. Professor Williams' research papers have appeared in a variety of academic journals such as the American Economic Review, Economic Theory, Experimental Economics, the Journal of Money, Credit and Banking, the Journal of Economic Behavior and Organization, the Journal of Public Economics, Public Choice, and Contemporary Accounting Research.
Url: http://www.indiana.edu/~arlwilli
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