SHERRILL SHAFFER'S RECENT PUBLICATIONS (updated June 10, 2008):
“Banking Structure and Employment Growth,” with Bob Collender, Applied Economics, forthcoming. Funded by a USDA Cooperative Research Agreement.
”Federal Credit Programs and Local Economic Performance,” with Robert Collender, Economic Development Quarterly, forthcoming. Funded by a USDA Cooperative Research Agreement.
“Endogenous Screening, Credit Crunches,
and Competition in Laxity,” with Scott Hoover, Review of Financial Economics, forthcoming.
“Industrial Structure and Economic Stability,” Applied Economics Letters, forthcoming.
“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).