• A Classroom Experiment on Exchange Rate Determination with Purchasing Power Parity, with David Mitchell, Patricia Schneider, Nicole Simplson and Eric Fisher (2008), forthcoming in The Journal of Economic Education

This paper presents a classroom experiment on exchange rate determination. The experiment can be used in a variety of undergraduate courses. The handouts are available here in MS Word 2003 format.

• Analysis of Pharmaceutical Products with Large Price Changes in a Regional Hospital System, with Christina Kelton, Michelle Dusing, Yann Ferrand and Jeff J. Gou (2007), forthcoming in the Journal of Pharmaceutical Finance, Economics and Policy

We got access to info on actual prices paid in thousands of pharmaceutical purchases by a multi-hospital system. This paper describes that data and presents some analysis of it.

• Using NAICS to Identify National Industry Cluster Templates, with Christina Kelton and Margaret Pasquale (2006), forthcoming in Regional Studies

Regional development planners might find it helpful to use these industrial cluster 'templates' when trying to attract new types of industries to their area.

Related files: Appendix B and Complete Cluster Loadings (Excel file)

• Can we have a High-End Retail Department Store? How to tell if your region is ready, with Christina Kelton (2007), in Economic Development Journal, vol. 6, no. 1, pp. 22-29

An examination of selected characteristics of cities with and without high-end department stores such as Saks, Macy's and Nordstrom.

• A General Equilibrium Analysis of Pharmaceutical Price Policies, with Christina Kelton (2007), in Journal of Public Economic Theory, vol. 9, no. 2, pp. 285-318

Check out the effect of universal pharmaceutical coverage when consumers have heterogeneous preferences for a pharmaceutical product.

• Strategic Behavior, Debt Neutrality and Crowding Out (2006) in Public Finance Review, vol. 34, No. 2, pp. 148-172

Let kids manipulate parents into giving larger bequests and examines the impact of government debt when different types of taxes are used. A version that includes the appendices is available here.

• Social Welfare Losses in Antidepressant and Antipsychotic Pharmaceutical Markets (2005) (with Christina Kelton)

Computes the social welfare losses that occur in certain pharmaceutical markets due to the unregulated monopoly structure of these markets.

• Determining Who's Altruistic: Evidence from Estate Tax Data (2005)

Uses estate tax data to identify demographic characteristics more likely to be associated with altruistic bequests.

• A Static General-Equilibrium Model in which Monopoly is Superior to Competition (2003)

A general equilibrium model (with production) in which social welfare under monopoly exceeds that achieved in perfect competition.

• Ricardian Equivalence Survives Strategic Behavior (2002) in Public Finance/ Finances Publiques, vol. 53, No. 2, pp. 195-228.

Shows strategic behavior between parent and child need not negate Ricardian equivalence.

• Who Pays the Individual AMT?, with Jerry Tempalski (2000)

Uses IRS data to identify groups more likely to owe the AMT in years to come.

• Measuring the Effect of the EITC on Marriage Penalties and Bonuses, with Janet Holtzblatt (2000)

Estimates marriage penalties and bonuses that result from the structure of the EITC.

• Defining and Measuring Marriage Penalties and Bonuses with Nicholas Bull, Janet Holtzblatt, and James R. Nunns (1999) 

Estimates aggregate marriage penalties and bonuses in the individual income tax. Also discusses their sensitivity to measurement assumptions.

• An OLG Model with Intergenerational Strategic Behavior (2001) 

Presents a model of overlapping generations of three-period-lived consumers that incorporates a version of the Samaritan's dilemma.