SHERRILL SHAFFER'S RECENT PUBLICATIONS (updated September 28, 2011):
“Assessing Competition with the Panzar-Rosse Model: The Role of Scale, Costs, and Equilibrium,” with Jakob A. Bikker and Laura Spierdijk, Review of Economics and Statistics, forthcoming.
“Auction Prices, Market Share, and a Common Agent,” Journal of Economic Behavior and Organization, with Kalyn Coatney and Dale Menkhaus, forthcoming.
“Strategic Risk Aversion,” Applied Financial Economics 21 (13), 2011, 949-956.
“Forecasting Bank Failures: Timeliness versus Number of Failures,” Applied Economics Letters, with Guo Li and Lee Sanning, 2011. First published on 30 March 2011 (iFirst).
“Internal Culture and
Banks in Society,” Proceedings of an
International Scientific Conference on Banking Culture at
“Banking Structure and Employment Growth,” with Robert
Collender, Applied Economics 41
(19), August 2009, 2403-2417. Funded by a USDA Cooperative Research Agreement. Prior to publication, was Top Ten on the Social Science Research Network's
download list for both the topic "Market Structure" and the topic
"Labor: Supply and Demand" as of 3/20/02.
”Federal Credit Programs and Local Economic Performance,” with Robert Collender, Economic Development Quarterly 23 (1), February 2009, 28-43. Funded by a USDA Cooperative Research Agreement.
“Repeated
Contests: A General Parameterization,”
with Jason F. Shogren, Economics Letters
105 (2), November 2009, 159-161.
“Industrial
Structure and Economic Stability,” Applied
Economics Letters 16 (6), 2009, 549-555 (Lead Article).
“
“Endogenous Screening, Credit Crunches, and Competition
in Laxity,” with Scott Hoover, Review of
Financial Economics 17 (4), December 2008, 296-314.
“Infinitely Repeated Contests: How Strategic Interaction Affects the Efficiency of Governance,” with Jason Shogren, Regulation & Governance 2, 2008, 234-252.
“Value-Neutral
Tradeoffs between Failure Risk and Growth,” Applied Financial Economics Letters 4 (3), May 2008, 217-219.
“
“Equity
Duration and Convexity when Firms can Fail or Stagnate,” Finance Research Letters 4, 2007, 233-241.
“Improving the Accuracy of Forward Exchange Rate Forecasts by Correcting for
Prior Bias,” with Robert Kremer, Applied
Financial Economics 17 (18),
2007, 1469-1478.
“Wage Differentials Associated with Working at Home,” Monthly Labor Review, with Bonnie Sue
Gariety, March 2007, 61-67. Accessible
online at http://www.bls.gov/opub/mlr/2007/03/art5full.pdf
“A Reassessment of Market Power among
Credit Card Banks,” with Lorein Thomas, Applied
Financial Economics 17 (9),
June 2007, 755-767.
“Effects
of the Federal Reserve’s Primary Credit Program,” with Britney Reddy, International Journal of Applied Economics 4 (1), March 2007, 14-27.
“Aggregate Concentration and the Cost of Systemic Risk,” Applied
Economics Letters 14 (6), May 2007, 425-428.
“Substitutes versus Complements among Credit Risk Management Tools,” with Matt Sackett, Applied Financial Economics 16, 2006, 1007-1017.
"War, Labor Tournaments, and Contest Payoffs," Economics Letters 92, 2006, 250-255.
“Contests
with Interdependent Preferences,” Applied Economics Letters 13, 2006,
877-880.
“Establishment Size
and Local Employment Growth, Small Business Economics 26 (5), June 2006, 439-454.
"Corporate Failure and Equity Valuation," Financial Analysts Journal 62 (1), January/February 2006, 71-80.
“Establishment Size by
Sector and County-Level Economic Growth,” Small Business Economics, 26
(2), March 2006, 145-154.
“Bank Efficiency in
"Patterns of
Competition in Banking," Journal of Economics and Business 56 (4),
July-August 2004, 287-313.
“Licensing
Requirements as a Coordination Mechanism for Entry,” Review of Industrial
Organization 24 (3), May 2004, 285-299.
"Comment on 'What Drives Bank
Competition? Some International Evidence,'" Journal of Money, Credit,
and Banking 36 (3), June 2004, Part 2, 585-592.
"Profit
Efficiency vs. Selected Risk Indicators of Large U.S. Commercial Banks,"
with Linbo Fan, Managerial Finance 30 (9),
2004, 1-19 (lead article).
"A Portfolio Analysis of the
Impacts of FERC Order 636 on the Interstate Natural Gas Pipeline
Industry," with Curt Cramer and David Finnoff, Journal of Regulatory
Economics 25 (3), 2004, 243-270.
"Using Prior Bias to Improve
Forecast Accuracy," Applied Economics Letters 8 (20), June 2003,
459-461.
"Local Bank Office Ownership,
Deposit Control, Market Structure, and Economic Growth" (with Robert
Collender), Journal of Banking and Finance 27 (1), January 2003, 27-57.
"Cost Efficiency Among Credit Card Banks," with Sivakumar
Kulasekaran, Journal of Economics and Business
54 (6), November/December 2002, 595-614.
"Ownership Structure and Market
Conduct Among Swiss Banks," Applied Economics 34 (16), November
2002, 1999-2009.
"Competitive Bank Pricing and
Adverse Selection, with Implications for Testing the SCP Hypothesis," Quarterly
Review of Economics and Finance 42 (3), Autumn
2002, 633-647.
"Firm Size and
Economic Growth, Economics Letters 76 (2), July 2002, 195-203. Eighth most downloaded article in Economics
Letters from April - December 2002:
www1.elsevier.com/pub/14/12/show/top25.htt?issn=01651765.
"Conduct in a Banking
Monopoly," Review of Industrial Organization 29 (3), May 2002.
"Structure-Pricing Linkages Among Single-Market Banks, Controlling for Credit Quality" (with Soumya Srinivasan), Applied Economics Letters 9, 2002.
"Banking Conduct Before the European Single Banking License: A
Cross-Country Comparison," North American Journal of Economics and
Finance12 (1), March 2001, 79-104.
"Flextime,
Productivity, and Compensating Wage Differentials" (with Bonnie Sue
Gariety), Monthly Labor Review 124 (3), March 2001. Nominated for the Rosabeth
Moss Kanter Award for Excellence in Work-Family
Research (
"Special Issue Introduction--Deregulation: Theory and Practice," Journal of Economics and Business 53 (2/3), March/June 2001.
"Investors' Preferences and Dividend Payouts," Applied Economics Letters 8 (7), July 2001.
"Structural Regulation of Polluting Oligopoly," Atlantic Economic Journal 29 (1), March 2001.
"Correlation Tests for Competitive and Cournot Conduct," Review of Industrial Organization 16 (3), May 2000.
"Credit Union Policies and Performance in
"The Discount Window and Credit Availability," Journal of Banking and Finance 23 (9), September 1999.
"The Competitive Impact of Disclosure Requirements in the Credit Card Industry," Journal of Regulatory Economics 15 (2), March 1999.
"The Winner's Curse in Banking," Journal of Financial Intermediation 7 (4), 1998.
"Functional Forms and Declining Average Costs," Journal of Financial Services Research 14 (2), October 1998 (lead article).
"Capital Requirements and Rational Discount Window Borrowing," Journal of Money, Credit, and Banking 30 (4), November 1998.
"Market Share Quotas and Community Reinvestment," Journal of Regulatory Economics 14, 1998.
"Information Content of Forecast Errors," Economics Letters 59 (1), 1998.
"Deposit Insurance Pricing: The Hidden Burden of Premium Rate Volatility," Cato Journal 17 (1), Spring/Summer 1997.
"Evidence of Discrimination in Lending: An Extension," Journal
of Finance 51 (4), September 1996. Received Anbar Citation of Excellence.
"Viability of Traditional Banking Activities: Evidence from Shifts in Conduct and Excess Capacity," International Journal of the Economics of Business 3 (2), July 1996.
"Structural Screens in Stochastic Markets," Southern Economic Journal 63 (1), July 1996.
"Stable Cartels with a Cournot Fringe," Southern Economic Journal 61 (3), January 1995.
"Optimal Linear Taxation of Polluting Oligopolists," Journal of Regulatory Economics 7 (1), January 1995.
"Chaos, Taxes, Stabilization, and Turnover," Chapter 23 in Chaos Theory and Nonlinear Dynamics, edited by Robert R. Trippi, Irwin Professional Publishing, 1995.
"Rethinking Disclosure Requirements," Federal Reserve Bank of
Excerpted in American Banker, June 20, 1995, page 15.
Reprinted in Readings on Financial Institutions and Markets, Eighth Edition, edited by Peter S. Rose (Richard D. Irwin, Inc., 1996).
Reprinted in The Financial
Institutions and Markets Reader, Third Edition, edited by Robert W. Kolb (Blackwell Publishers, Cambridge, MA,
Winter 1996).