S. SHAFFER'S OTHER PUBLICATIONS:
Selected
refereed articles on banking and financial markets:
"Conduct
in a Banking Duopoly," Journal of Banking and Finance 18 (6),
December 1994 (with James DiSalvo).
"A
Revenue-Restricted Cost Study of 100 Large Banks," Applied Financial
Economics 4, 1994.
"Can
Megamergers Improve Bank Efficiency?" Journal of Banking and Finance
17 (2/3), April 1993.
"A
Test of Competition in Canadian Banking," Journal of Money, Credit, and
Banking 25 (1), February 1993.
"Aggregate
Deposit Insurance Funding and Taxpayer Bailouts," Journal of Banking
and Finance 15 (4/5), September 1991.
"Economies
of Superscale in Commercial Banking," Applied Economics 23 (2),
February 1991 (with Edmond David).
"Competition
in the U.S. Banking Industry," Economics Letters 29 (4), 1989.
"Cross-Subsidization
in Checking Accounts," Journal of Money, Credit and Banking
16 (1), February 1984.
"The
Economics of Deposit Insurance: A Critical Evaluation of Proposed
Reforms," Yale Journal on Regulation (with Laurie S. Goodman) 2
(1), 1984.
Selected
refereed articles on industrial organization and regulation:
"Structure,
Conduct, Performance, and Welfare," Review of Industrial Organization
9 (4), August 1994.
"Indifference
to Profit-Sharing is Consistent," Review of Industrial Organization
8 (4), August 1993.
"Consistent
Conjectures in a Value-Maximizing Duopoly," Southern Economic Journal
57 (4), April 1991.
"Structural
Shifts and the Volatility of Chaotic Markets," Journal of Economic
Behavior and Organization 15 (2), March 1991. Also reprinted as Chapter 5
in Chaos Theory and Nonlinear Dynamics, edited by Robert R. Trippi,
Irwin Professional Publishing, 1995.
"Regulatory
Compliance with Nonlinear Penalties," Journal of Regulatory Economics
2, March 1990.
"A
First-Best Regulatory Tax for Oligopoly," Journal of Regulatory
Economics 1 (4), December 1989.
"Two-Part
Tariffs in a Contestable Natural Monopoly," Economica 54, August
1987.
"Does
Competition Imply Frequent Rank Turnover?" The Scandinavian
Journal of Economics 88 (3), 1986.
"Regulation
and Risk Preferences," Journal of Industrial Economics 32
(3), March 1984.
Other
refereed publications on banking and financial markets:
"Pooling
Intensifies Joint Failure Risk," Research in Financial Services:
Private and Public Policy 6, 1994.
"Market
Value Accounting: A Guide for Safe and Sound Banking?", Cato Journal
13 (3), Winter 1994.
"Capital
Requirements and the Securitization Decision," Quarterly Review of
Economics and Business 31 (4), Winter 1991 (with Kathleene Donahoo).
"Structuring
an Option to Facilitate Replication with Transaction Costs," Economics
Letters 31 (2), 1989.
"Volatility-Invariant
Hedging," Economics Letters 29 (3), 1989.
"Competition,
Economies of Scale, and Diversity of Firm Sizes," Applied Economics
17, 1985.
"Scale
Economies in Multiproduct Firms," Bulletin of Economic Research
36 (1), 1984.
Other
refereed publications on industrial organization and regulation:
"Efficient
Two-Part Tariffs with Uncertainty and Interdependent Demand," Journal
of Economics and Business 44 (4), November 1992.
"Abatement
vs. Cleanup: Where Less is More," Economics Letters 32 (4), 1990.
"Consistent
Linkages Across Markets," Economics Letters 32 (3), 1990.
"Optimal
Regulation of a Consistent-Conjectures Duopoly," Economics Letters
31 (1), 1989.
"Predatory
Entrapment," Economics Letters 29 (1), 1989.
"Regulatory
Control Over Quantity Risk," Australian Economic Papers 27,
December 1988.
"An
Alternative Theory of Upward Sloping Age-Earnings Profiles," Australian
Economic Papers 25, June 1986.
"Small
Firm Expansion and Demand Uncertainty," Scottish Journal of
Political Economy 33 (2), May 1986.
"Price
Leadership without Collusion," Australian Economic Papers
24, June 1985.
"Regulatory
Inertia and Risk Reduction," Review of Industrial Organization
2 (1), 1985.
"Selective
Cost-Reducing Innovation," Review of Industrial Organization
1 (3), 1984.
"Consistent
Conjectures in Utility-Maximizing Firms with Constant Marginal Cost," Economics
Letters 15 (1-2), 1984.
"Chaos,
Naivete and Consistent Conjectures," Economics Letters 14 (2),
1984.
"Demand-Side
Determinants of Natural Monopoly," Atlantic Economic Journal
11 (4), December 1983.
"Firm
Size and the Incentive to Differentiate," Economics Letters
14 (1), 1983.
"Market
Power and Output Stability," Economics Letters 13 (1), 1983.
"Non-Structural
Measures of Competition: Toward a Synthesis of Alternatives," Economics
Letters 12 (4), 1983.
"The
Rosse-Panzar Statistic and the Lerner Index in the Short Run," Economics
Letters 11 (2), 1983.
"Strategic
Middlemen and the Neutralization of Monopoly Power," Recherches
Economiques de Louvain, 49 (2), 1983.
"Monopoly
Rationing and Two-Part Tariffs," Economics Letters 10 (1/2), 1982.
"Competition,
Conduct and Demand Elasticity," Economics Letters 10 (1/2), 1982.
"Monopoly
Rationing Revisited," Economics Letters 9 (1), 1982.
Contributions
to collections and books:
"Competitiveness
in Banking," The New Palgrave Dictionary of Money and Finance
(1992), 414-16.
"Market
Value Accounting," The New Palgrave Dictionary of Money and Finance
(1992), 672-73.
Appendix
to Chapter One of The Regulation Game by Bruce M. Owen and Ronald R.
Braeutigam (Cambridge: Ballinger, 1978).
Anthologies,
abstracts, and comments:
"Unprofitable
Collusion," Atlantic Economic Journal 21 (3), September 1993.
"Countercyclical
Markups," Atlantic Economic Journal 20 (2), June 1992.
"Duopoly
Conjectures," Atlantic Economic Journal 19 (2), June 1991.
"Testing
for Shifts in Variability," Atlantic Economic Journal 18 (1), March
1990.
"Annuities
and Inflation," Atlantic Economic Journal 17 (1), March 1989.
"Competitive
Rationing," Atlantic Economic Journal 16 (1), March 1988.
"Necessary
Divisors of Perfect Integer Cuboids," Abstracts of the American
Mathematical Society, 8 (6), October 1987.
"Myopic
Monopoly," Atlantic Economic Journal 15 (1), March 1987.
"A
Reverse Structural Test for the Degree of Monopoly Power," Atlantic
Economic Journal 14 (1), March 1986.
"Counterproductive
Risk Pooling," Atlantic Economic Journal 13 (1), 1985.
"Production
and Contingent Contracts: Comment," Journal of Post Keynesian
Economics 6 (4), Summer 1984.
Federal
Reserve Publications and Other Publications:
"Inferring
Viability of the U.S. Banking Industry from Shifts in Conduct and Excess
Capacity," Proceedings of a Conference on Bank Structure and
Competition, Federal Reserve Bank of Chicago, May 1994, 130-44.
"Bank
Competition in Concentrated Markets," Federal Reserve Bank of Philadelphia
Business Review, March/April 1994.
"Banking
and Financial Services in the 1990s," Pennsylvania Economic Review,
Fall 1993.
"Marking
Banks to Market," Federal Reserve Bank of Philadelphia Business Review,
July/August 1992.
Reprinted in Readings in Financial
Institutions and Markets, edited by Peter S. Rose (Richard D. Irwin, 1994).
"The
Impact of Premium Rates and Rebates on the Solvency of the FDIC Reserve Fund:
An Empirical Approach," Proceedings of a Conference on Bank Structure
and Competition, Federal Reserve Bank of Chicago, May 1991, 466-85.
"Interest
Rate Risk: What's a Bank to Do?" Federal Reserve Bank of Philadelphia Business
Review, May/June 1991:
Summarized in Bank Letter 15 (27), July
8, 1991 (New York: Institutional Investor);
Translated into Spanish and reprinted by KPMG
Peat Marwick (Colombia), 1992;
Reprinted in:
Ohio Record 47 (5) (Ohio Savings
& Loan League), September/October 1991, 8-13;
The Commercial Bank Management Reader, R.
W. Kolb, Editor (Miami: Kolb Publishing Company, 1992);
Financial Institutions and Markets: A Reader
(second edition), R. W. Kolb, Editor (Miami: Kolb Publishing Company, 1993);
Readings for the Economics of Money, Banking,
and Financial Markets (1994 edition), James W. Eaton, Editor
(HarperCollins Publishers);
Selected for inclusion in
McGraw-Hill's Primis Catalog.
"Challenges
to Small Banks' Survival," Federal Reserve Bank of Philadelphia Business
Review, September/October 1989:
Translated into Spanish by the Valencia
Federation of Savings Banks, 1990;
Reprinted in:
The Commercial Bank
Management Reader, R. W. Kolb, Editor (Miami: Kolb Publishing
Company, 1992);
Financial Institutions and Markets: A Reader, R.
W. Kolb, Editor (Miami: Kolb Publishing Company, 1991);
Independent Banker,
February 1990;
Selected for inclusion in McGraw-Hill's Primis
Catalog.
"Capitalization,
Off-Balance Sheet Liabilities and the Cost of Bank Failures," Proceedings
of a Conference on Bank Structure and Competition (with Richard W.
Nelson), Federal Reserve Bank of Chicago, May 1986.
"New
Findings on Brokered Deposits: Economic Capsule," Federal Reserve Bank of
New York Quarterly Review 9 (3), 1984 (with Catherine Piché).
"A
Nonstructural Test for Competition in Financial Markets," Proceedings
of a Conference on Bank Structure and Competition, Federal Reserve
Bank of Chicago, April 12-14, 1982.