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.