VITA

National Science Foundation: "Acquisition and Development of a New Computing Environment for the Department of Economics at University of Pittsburgh," 12/98 - 11/01, with H. Ichimura and J.F. Richard.

Awards

Best 1973 Western Economic Journal Article Award"A Test of Consumer Demand Theory Using Observation of Individual Consumer Purchases," Western Economic Journal, Vol. 11, No. 4(December 1973) with R.C. Battalio, et.al.

Chancellor's Distinguished Research Award, University of Pittsburgh, 1997.

Journal Publications

a) In Economic Journals

1. "Structure of Antebellum Southern Agriculture: South Carolina, A Case Study," Agricultural History (January, 1970) with R.C. Battalio.

2. "Token Economies and Experimental Economics," Journal of Political Economy (July/August, 1972).

3. "Comment on J.J. Siegfried's 'The Publishing of Economic Papers and Its Impact on Graduate Faculty Ratings, 1960-1969'," Journal of Economic Literature, (March, 1973) with J. Hulett and R.C. Battalio.

4. "A Test of Consumer Demand Theory Using Observations of Individual Consumer Purchases," Western Economic Journal, Vol. 11, No. 4 (December, 1973) with R.C. Battalio, et.al.

5. "Comment on R.P. Byron's 'The Restricted Aitken Estimation of Sets of Demand Relations'," Econometrica (March, 1973) with R.L. Basmann and R.C. Battalio.

6. "An Experimental Investigation of Consumer Behavior in a Controlled Environment," Journal of Consumer Research, Vol. 1, No. 2 (1974) with R.C. Battalio, et.al.

7. "Experimental Studies of Consumer Demand Behavior Using Laboratory Animals," Economic Inquiry, 13 (March, 1975), 22-38 with R.C. Battalio. Reprinted in brief in: Dolan, E.G., Basic Economics, Dryden Press, 1977; Reprinted in Price Theory, H. Townsend (ed.) Penguin Books (1st and 2nd eds.).

8. "An Experimental Test of a Simple Theory of Aggregate Per Capita Demand Functions," Schweizerishe Zeitschrift fur Volkswirtschaft und Statistik (1976) with R.L. Basmann and R.C. Battalio.

9. "Job Choice and Total Labor Supply: An Experimental Analysis," Southern Economic Journal, Vol. 44, No. 1 (July, 1977) with R.C. Battalio, R. Winkler and E.B. Fisher.

10. "Income Distributions in Two Experimental Economies," Journal of Political Economy, Vol. 85 (Dec. 1977) with R.C. Battalio and M.O. Reynolds. Reprinted in brief in: Development Digest (1979).

11. "A Note on the Distribution of Earnings and Output Per Hour in an Experimental Economy," Economic Journal, Vol. 88 (December 1978) with R.C. Battalio and M.O. Reynolds.

12. "Volunteer Artifacts in Experiments in Economics: Specification of the Problem and Some Initial Data from a Small Scale Field Experiment," Research in Experimental Economics, Vol. 1 (1979) with R.C. Battalio and J. Walker.

13. "Labor Supply Behavior of Animal Workers: Towards an Experimental Analysis," Research in Experimental Economics, Vol. 1 (1979) with R.C. Battalio and L. Green.

14. "Residential Electricity Demand: An Experimental Analysis," Review of Economics and Statistics, Vol. 67 (May 1979) with R.C. Battalio. Reprinted in Evaluation Studies Annual Review, Vol. 5, E.W. Stromsdorfer and George Farkas (eds.), Sage Press (1980).

15. "Marijuana and Work Performance: Results from an Experiment," Journal of Human Resources, Vol. 15 (Summer, 1980) with R.C. Battalio.

16. "Demand Curves for Animal Consumers," Quarterly Journal of Economics, Vol. 66 (February, 1981) with R.C. Battalio. Reprinted in Readings in Microeconomics, 3rd edition, H.M. Hochman & E. Saueracker (eds.)., Molsby Pub. 1985.

17. "Commodity Choice Behavior with Pigeons as Subjects," Journal of Political Economy, Vol. 89 (Feb., 1981) with R.C. Battalio.

18. "Consumption-Leisure Tradeoffs of Animal Workers," American Economic Review, Vol. 71 (September, 1981) with R.C. Battalio.

19. "Effects of Information Presentation Format on Resource Use in Field Settings," Journal of Consumer Research, Vol. 11 (September, 1984) with R.A. Winnett.

20. "Consumption-Leisure Tradeoffs of Animal Workers: Effects of Increasing and Decreasing Marginal Wage Rates in a Closed Economy Experiment," Research in Experimental Economics, Vol. 3 (1985) with R.C. Battalio.

21. "Animals Choices Over Uncertain Outcomes: Some Initial Experimental Results," American Economic Review, Vol. 75 (Sept. 1985) with R.C. Battalio and D. MacDonald.

22. "Individual Bidder Behavior in First-Price Private Value Auctions," Economics Letters, Vol. 19 (1985) with D. Levin.

23. "Optimal Prices and Animal Consumers in Congested Markets," Economic Inquiry, Vol. 24 (April 1986) with R.C. Battalio and O.R. Phillips.

24. "Winner's Curse and Public Information in Common Value Auctions," American Economic Review, Vol. 76 (December, 1986) with D. Levin.

25. "Information Impact and Allocation Rules in Auctions with Affiliated Private Values: A Laboratory Study," Econometrica, Vol. 55 (Nov. 1987) with D. Levin and R. Harstad.

26. "Tests of Competing Theories of Consumer Choice and the Representative Consumer Hypothesis," Economic Journal, Vol. 97 (Dec. 1987) with R. Battalio and G. Dwyer.

27. "A Comparison of Naive and Experienced Bidders in Common Value Auctions: A Laboratory Analysis," Economic Journal, Vol.99 (March, 1989) with D. Dyer and D. Levin.

28. "First-Price Common Value Auctions: Bidder Behavior and the 'Winner's Curse'," Economic Inquiry, Vol. 27 (April, 1989) with D. Levin.

29. "Resolving Uncertainty About Numbers of Bidders in Independent Private Value Auctions: An Experimental Analysis," RAND Journal of Economics, Vol. 20 (Summer, 1989), with D. Dyer and D. Levin.

30. "Testing Between Alternative Models of Choice Under Uncertainty: Some Initial Results," Journal of Risk and Uncertainty, Vol. 3 (1990) with R. Battalio and J. Komain.

31. "Tests of 'Fanning Out' of Indifference Curves: Results from Animal and Human Experiments," American Economic Review, Vol. 80 (Sept. 1990) with R. Battalio and D. MacDonald.

32. "Equilibrium Bid Functions for Auctions with Uncertain Numbers of Bidders," Economics Letters, (1990) with R. Harstad and D. Levin.

33. "Experimental Confirmation of the Existence of a Giffen Good," American Economic Review, Vol. 81 (Sept. 1991) with Ray Battalio and Carl Kogut.

34. "Animals' Choices Over Uncertain Outcomes: Further Experimental Results," Economic Journal, Vol. 101 (Sept. 1991) with Ray Batttalio and Don MacDonald.

35. "The Winner's Curse and Public Information in Common Value Auctions: Reply," American Economic Review, Vol. 81 (March 1991) with Dan Levin.

36. "Comment on Harrison versus Cox, Smith and Walker: 'Theory and Misbehavior in First-Price Auctions,'" American Economic Review, Vol. 82 (Dec., 1992) with Al Roth.

37. "Independent Private Value Auctions: Bidder Behavior in First, Second and Third Price Auctions with Varying Numbers of Bidders," Economic Journal, Vol. 103 (July, 1993) with Dan Levin.

38. "An Experimental Study of Reputation Effects in a Chain Store Game," with Y.J. Jung and Dan Levin, The RAND Journal of Economics, Vol 25, 1994.

39. "Learning in Common Value Auctions: Some Initial Observations," Journal of Economic Organization and Behavior, Vol 25 (1994) with Susan Garvin.

40. "The Effect of Biases in Probability Judgements on Market Prices," Accounting, Organizations and Society (1994) with D. Moser and A. Ganguly.

41. "Comparative Static Effects of Number of Bidders and Public Information in Second-Price Common Value Auctions," International Journal of Game Theory Vol 24 (1995) with D. Levin and R. Harstad.

42. "Cross-game Learning: Experimental Evidence from First-Price and English Common Value Auctions," Economics Letters, Vol. 49 (1995).

43. "Revenue Effects and Information Processing in English Common Value Auctions," American Economic Review, Vol. 86 (1996) with D. Levin and J.F. Richard.

44. "'Fairness' in Ultimatum Games with Asymmetric Information and Asymmetric Payoffs," Games and Economic Behavior, Vol. 13 (1996) with C. Kim and D. Moser.

45. "Bidding in Common Value Auctions: How the Commercial Construction Industry Corrects for the Winner's Curse," Management Science , Vol.42 (1996) with Doug Dyer.

46. "Second-Price Auctions with Asymmetric Payoffs," Journal of Economics and Management Strategy 6 (1997) with Chris Avery.

47." Adaptive Learning versus Equilibrium Refinements in an Entry Limit Pricing Game," Economic Journal 107 (1997) with D. Cooper and S. Garvin.

48. "Signalling and Adaptive Learning in an Entry Limit Pricing Game," RAND Journal of Economics 28,1997, with David Cooper and Susan Garvin.

49. "The Winner's Curse and Public Information in Common Value Auctions: Reply" American Economic Review (in press).

50. "Common Value Auctions with Insider Information", Econometrica (in press ) with D.Levin.

b) In Psychology and Biology Journals

1. "Behavioral Economics: Areas of Cooperative Research Between Economics and Applied Behavioral Analysis," Journal of Applied Behavioral Analysis (Fall, 1972) with R.C. Winkler.

2. "The Effects of Monetary Rebates, Feedback and Information on Residential Electricity Conservation," Journal of Applied Psychology, Vol. 63 (1978) with R.C. Battalio, R. Winett, and R. Winkler.

3. "Implications for Concepts of Psychology of Studies of Economic Principles in Behavior Therapy Programs," The Journal of Nervous and Mental Disease, Vol. 166, No. 3 (1978) with E.B. Fisher, et.al.

4. "Economic Perspectives in Behavior Therapy: Relevance to Interdependencies and Overjustification Effects in Token Economies," Behavior Therapy, 9 (1978) with E.B. Fisher, et.al.

5. "Substitutability in Time Allocation," Psychological Review, 87 (1980) with H. Rachlin and R.C. Battalio.

6. "Maximization Theory in Behavioral Psychology," The Behavior and Brain Sciences, 4 (September, 1981) with H. Rachlin.

7. "Maximizing vs. Matching: Comments on Prelec's Paper," Psychological Review 90, (Oct. 1983).

8. "Bliss points vs. Minimum Needs: Tests of Competing Motivational Hypotheses," Behavioural Processes, 11 (1985).

9. "When Foragers Discount the Future: Constraint or Adaptation?," Animal Behaviour, 34 (1986) with T. Caraco and L. Green.

10. "Risk Aversion in Rats Under Varying Levels of Resource Availability," Journal of Comparative Psychology, 100 (1986).

11. "Consumption Leisure Tradeoffs in Pigeons: Effects of Changing Marginal Wage Rates by Varying Amount of Reinforcement," Journal of the Experimental Analysis of Behavior, 47 (1987).

Books:

Common Value Auctions and the Winner's Curse. Princeton University Press (in preparation)

The Handbook of Experimental Economics, co-edited with A. Roth, Princeton University Press, 1995.

Economic Choice Theory: An Experimental Analysis of Animal Behavior, Cambridge Un. Press, 1995, with Ray Battalio and Len Green.

Advances in Behavioral Economics, Vol. 1, co-edited with L. Green, Ablex Publishing Co., 1987.

Advances in Behavioral Economics, Vol. 2, co-edited with L. Green, Ablex Publishing Co., 1990.

Advances in Behavioral Economics, Vol 3, Co-edited with L. Green, Ablex Publishing Co., 1996.

Conference Proceedings and Contributions to Books:

1. "Experimental Studies of Consumer Demand Behavior: Towards a Technology of Making the Slutsky-Hicks Theory Technologically Applicable to Individual Behavior," in Advances in Consumer Research, Vol. II (1974) (Proceedings of the Association for Consumer Research).

2. "Methodological and Conceptual Issues in Testing Economic Theory of Consumer Demand in a Token Economy," in C.G. Miles (ed) Experimentation in Controlled Environments and Its Implications for Economic Behavior and Social Policy Making. Toronto, Canada: Addiction Research Foundation (1975) with R.C. Winkler, et.al.

3. "The Effects of Cannabis and Negotiated Wage Rate Changes on Income and Job Performance in an Experimental Token Economy," in C.G. Miles (ed) Experimentation in Controlled Environments and Its Implications for Economic Behavior and Social Policy Making. Toronto, Canada: Addiction Research Foundation (1975) with R.C. Battalio, et.al.

4. "Analysis of Individual Behavior in Controlled Environments: An Economist's Perspective," in C.G. Miles (ed) Experimentation in Controlled Environments and Its Implications for Economic Behavior and Social Policy Making. Toronto, Canada: Addiction Research Foundation (1975) with R.C. Battalio, et.al.

5. "Income, Consumption and Saving in Controlled Environments: Further Economic Analysis," in C.G. Miles (ed) Experimentation in Controlled Environments and Its Implications for Economic Behavior and Social and Policy Making. Toronto, Canada: Addiction Research Foundation (1975) with R.C. Battalio, et.al.

6. "Household Demand Responsiveness to Peak Use Pricing: Implications Drawn From Experimental Studies of Consumer Demand Behavior of Both Humans and Animals," in Proceedings of Third Annual UMR-MEC Conference on Energy (1976) with R.C. Battalio.

7. "Economic Demand Theory and Psychological Studies of Choice," in Bower(ed) The Psychology of Learning and Motivation, Vol. 10 Academic Press: New York (1976) with H. Rachlin, et.al.

8. "Token Economy and Animal Models for the Experimental Analysis of Individual Economic Behavior," in J. Kmenta and J. Ramsey (eds.) Evaluation of Econometric Models. Academic Press: New York (1980) with R.C. Battalio.

9. "Consumer Demand Theory Applied to Choice Behavior of Rats," in Limits to Action: The Allocation of Individual Behavior, ed. J.E.R. Staddon, Academic Press (1980) with R.C. Battalio.

10. "Ratio Schedules of Reinforcement and Their Relationship to Economic Theories of Labor Supply," in Harvard Symposium on Quantitative Analysis of Operant Behavior, Vol. 2; Matching and Maximizing, M. Commons, R.J. Herrnstein and H. Rachlin (eds.). Ballinger, Harvard Univ. Press (1982).

11. "Tests of Some Alternative Theories of Individual Choice Behavior," in D.J. Slotje (ed.), Advances in Econometrics, Vol. 5, JAI Press, 1986.

12. "Intertemporal Choice Behavior: Evaluation of Economic and Psychological Models," in L. Green and J.H. Kagel (eds.), Advances in Behavioral Economics, I, Norwood, NJ: Ablex Publishing, 1987.

13. "Economics According to the Rats (and Pigeons too): What Have We Learned and What Can We Hope to Learn?," in A. Roth (ed.), Laboratory Experiments in Economics: Six Points of View, Cambridge University Press (1987).

14. "Learning in Common Value Auctions," in Modeling Bounded Rational Behavior in Experimental Games and Markets, R. Tietz, Wolf Albers, and R. Selten (eds.), Springer-Verlag 1988.

15. "Buyer's Bid Double Auction: Preliminary Experimental Results," in The Double Auction Market: Institutions, Theory and Evidence, D. Friedman, J. Gianakopolos, D. Lane and J. Rust (eds.). SFI Studies in Sciences of Complexity. Redwood City, CA: Addison Wesley, 1993.

16. "Auctions: A Survey of Experimental Research," in The Handbook of Experimental Economics, edited by J.H. Kagel and A.E. Roth, Princeton University Press, 1995.

17. "Economic Choice Theory and Animal Behavior," in Concepts, Theories, and Rationality in the Biological Sciences, edited by G. Wotiers and J. Lennox, Un. of Konstanz/Un. Pittsburgh Press, 1995.

18. "Animal Experiments in Economics" in The Elgar Companion to Consumer Research and Economic Psychology, P. Earl and S. Kemp (eds), Edward Elgar Publishing, Ltd. (forthcoming).

Papers under Revision at Journal Editor's Request:

"Gaming Against Managers in Incentive Systems: Experimental Results with Chinese Students and Chinese Managers" American Economic Review with D. Cooper.

"The Dynamics of Reorganization in Matching Markets: A Laboratory Experiment Motivated by a Natural Experiment" Quarterly Journal of Economics with A. Roth.

"Double Action Markets with Stochastic Supply and Demand Schedules: Call Markets and Continuous Trading Mechanisms" International Journal of Game Theory .

Professional Activities:

Editorial Board: American Economic Review, 1989 - 1995

Behaviour Analysis Letters, 1981-1983

Journal of Experimental Economics, 1997-present.

Refereed for journals in economics, psychology, sociobiology, and corresponding divisions of the National Science Foundation.

Consultant to: H.E.W., Division of Dentistry, Manpower Planning; the United States Air Force, Human Resources Laboratory; McQuary & Tagaropolis Law Firm.

Executive Committee, Economic Science Association (a.k.a. Experimental Economics Association) (1986 - 1991).

NSF Panel: Decision Risk and Management Science, 1997-present.