ECON 643 Advanced Readings in Economics
Summer 2009

Office Hours:  by appointment.
 

Contact Information:
                        Office Location:  425 WCOB
                        Phone: 575-6226
                        email: cdeck@walton.uark.edu

Download a copy of the course syllabus

Class Schedule (tentative and subject to change)

The class is scheduled to meet in 405 from 1:30-3:30, but the time and location are subject to change.

Date Topic

Faculty

Papers
6/9 Asymmetric Price Adjustment Gu

1.      Bachmeier, Lance J. and James M. Griffin, “New evidence on asymmetric gasoline price responses,” Review of Economics and Statistics 85(3), 2003, 772-776.

      Borenstein, Severin, A. Colin Cameron, and Richard Gilbert, “Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?” Quarterly Journal of Economics 112, February 1997, 305–39.

      Peltzman, Sam, “Prices rise faster than they fall,” Journal of Political Economy 108, June 2000, 466-502.

      Mark P. Taylor and David A. Peel “Nonlinear adjustment, long-run equilibrium and exchange rate fundamentals”, Journal of International Money and Finance, 19(2000) 33-53.

6/16 Litigation Farmer

1.      Bebchuk, Lucian Arye. 1984. "Litigation and Settlement Under Imperfect Information." RAND Journal of Economics 15 (Autumn): 404-415.

2.      Reinganum, Jennifer F., and Louis L. Wilde. 1986. "Settlement, Litigation, and the Allocation of Litigation Costs." RAND Journal of Economics 17 (Winter): 557-566.

3.      Farmer, Amy and Paul Pecorino, 2009, “Pretrial Bargaining with Asymmetric Information:  Unilateral versus Bilateral Payoff Relevance.” Working Paper, University of Arkansas.

6/23 Interest Rates Reyes

1.      Calvo, Guillermo A., “Interest Rate Rules, Inflation Stabilization, and Imperfect Credibility: The Small Open Economy Case,” NBER Working Paper No. 13177 (June 2007). 

2.      Neumeyer, Pablo A., and Fabrizio Perri, “Business cycles in emerging economies: The role of interest rates,” Journal of Monetary Economics, Vol. 52 (March 2005), pp. 345-80.  

3.      Hnatkovska, Viktoria, Amartya Lahiri, and Carlos A. Végh, "Interest Rates and the Exchange Rate: A Non-Monotonic Tale," NBER Working Paper No. 13925 (2008).  Interest rate defense under flexible exchange rates in quantitative framework.

7/7 Industry Productivity Ferrier

1.      Christensen, Laurits R. and  William H. Greene (1976), “Economies of scale in U.S. electric power generation,” Journal of Political Economy 84, no. 4, part 1 , 655–676.

2.      Olley, Steve and Ariel Pakes (1996), “The Dynamics of Productivity in the Telecommunications Equipment Industry," Econometrica 64, no. 6, 1263-97.

7/14 Measuring Risk Attitudes Deck

1.      Holt, C., and Laury, S. 2002. “Risk Aversion and Incentive Effects.” American Economic Review, December, 1644 -1655.

2.      Isaac, R. M., and James, D. 2000. “Just Who Are You Calling Risk Averse.” Journal of Risk and Uncertainty, 20(2), 177-187.

3.      Smith, K. and J. Dickhaut. 2005. “Economics and Emotion: Institutions Matter.” Games and Economic Behavior 52(2), pp.316-335.

4.      Deck, C., J. Lee, J. Reyes, C. Rosen.  2009. “Measuring Risk Attitudes Controlling for Personality Traits,” working paper, University of Arkansas.

7/21 Corruption Mendez

1.      Choi, Jay Pil and Marcel Thum (2005).  Corruption and the shadow economy.  International Economic Review, vol. 46, no. 3, pp. 817-836.

2.      Olken, Benjamin (2007).  Monitoring Corruption: Evidence from a Field Experiment in Indonesia. Journal of Political Economy, forthcoming April 2007.

3.      Powell, G. B. Jr. and G. D. Whitten (1993). A cross-national analysis of economic voting: taking account of the political context. American Journal of Political Science 37, 391–414.

4.      Dilyan Donchev and Gergely Ujhelyi (2009).  Do Corruption Indices Measure Corruption? Working Paper, Harvard.

7/28 Behavioral Economics Jahedi

1.      Rabin, Matthew. 2002. “A Perspective on Psychology and Economics” European Economic Review, 46(4-5): 657-685.

2.      Tversky, Amos and Daniel Kahneman. 1974. “Judgment under uncertainty: Heuristics and Biases” Science, 125: 1124-1131.

3.       Ariely, D., G. Loewenstein, and D. Prelec.  2003. “Coherent Arbitrariness: Stable Demand Curves Without Stable Preferences” Quarterly Journal of Economics, 118: 73–105.

4.       Dana, J., R.Weber, and J. Kuang. 2007. “Exploiting Moral Wiggle Room: Experiments Demonstrating an Illusory Preference for Fairness” Economic Theory, 33(1): 67-80.

8/4 Networks Kali

1.      Kali, R. and J. Reyes. “The Architecture of Globalization: A Network Approach to International Economic Integration,” Journal of International Business Studies, 38(4), July 2007.

2.      Kali, R. and J. Reyes. “Financial Contagion on the International Trade Network,” forthcoming in Economic Inquiry.

3.      Hidalgo, C. A., B. Klinger, A. L. Barabasi, and Ricardo Hausmann. "The Product Space Conditions the Development of Nations." Science 317(5837): 482-487, 27 July 2007.

Announcements:

Links to papers are available through Blackboard

This website may not have current information and is not binding.  It is the student's responsibility to keep up with the class schedule, current assignments and announcements as they are made in class.