»ESI Lecture Series, sponsored by IFREE

Friday lectures are open to anyone that would like to attend and will be from 3:00-4:30 p.m. in Wilkinson Hall room 116, except when otherwise noted below. For more information on IFREE please visit their website.

+-2013-2014 Lecture Guests

April 18, 2013, Tim Salmon, Ph.D. - Sabotage vs Discouragement: Which Dominates Post Promotion Tournament Behavior?

Tim Salmon headshotAbstract: We explore the behavior of losers of promotion tournaments after the tournament is concluded. We do so through the use of an experiment in which we vary the design of the promotion tournament to determine how tournament design affects post tournament effort. We provide a theoretical model demonstrating two possible effects from the tournaments which are strategic sabotage and the possibility that a worker becomes discouraged by the tournament outcome. We examine behavior after the tournament and find evidence suggesting that bad tournament design can lead to workers being discouraged. This discouragement effect is strong for low ability workers but not for high ability workers. On the other hand we do find evidence that some high ability workers engage in strategic sabotage but the incidence does not vary with the design of the promotion tournament.

Bio: Tim Salmon is Professor of Economics at Southern Methodist University. He earned his PhD from the Johns Hopkins University and has had prior positions at Florida State, The California Institute of Technology and the Federal Communications Commission. Tim is a behavioral economist who uses the tools of economic theory and experimental economics in trying to answer a range of applied mechanism design problems. His research has ranged from the design of auction mechanisms to the design of monitoring mechanisms for limiting corruption in developing countries.

April 25, 2014, Greg Waymire, Ph.D. - Self-Dealing and its Concealment: Evidence from the Lab & the Field

Greg WaymireAbstract: Self-dealing is difficult to study because its success depends on its concealment from its victims. A by-product of this is that researchers using naturally occurring data cannot directly observe strategies that successfully conceal self-dealing. We circumvent this problem by using an experiment where self-dealing emerges endogenously along with concealment actions that are fashioned by the self-dealer. We find that a significant percentage of subjects profitably self-deal and use multiple actions that likely have the combined effect of concealing self-dealing. These actions include opacity-preserving resource allocations, misleading direct communication, false promises about future resource divisions, and providing high early benefits to partners that can be subsequently exploited for personal gain. Interestingly, these choices also include profit skimming, which likely reduces both partner suspicions and the private gains from self-dealing. The ultimate consequence is that self-dealing occurs frequently, but its impact on the distribution of wealth and economic efficiency is limited considerably. These findings are contrasted with new evidence from the field based on 376 legal actions initiated by the Securities and Exchange during 1988-2012 to shut down Ponzi schemes.

Bio: Gregory Waymire is the Asa Griggs Candler Professor of Accounting at the Goizueta Business School of Emory University and Distinguished Visiting Scholar at the Economic Science Institute of Chapman University. His early research has examined the economic history of U.S. accounting. In this research he has explored a range of topics that include the relation between accounting earnings and early 20th century stock prices, the consequences of enforceable accounting rules imposed on U.S. railroads in 1906, and the association between corporate reporting and stock prices during the market crash of October 1929. His current research focuses on the economic foundations of accounting as manifested in transaction records, the role of accounting principles in promoting economic exchange, and the emergence of early 20th century U.S. accounting norms. He received his PhD from the University of Chicago in 1984 and is a past President of the American Accounting Association (2011-12).

April 28, 2014, Jeffrey Carpenter, Ph.D. - Motivating Agents: How much does the mission matter?

Jeffrey CarpenterAbstract: Economic theory predicts that agents work harder if they believe in the mission of the organization. We conduct a real effort experiment with workers whose mission preferences are known, randomly assigning them to organizations with clear missions to create both mission matches and mismatches. Our estimates suggest that matching is a strong motivator, especially compared to mismatches. Further, we find that performance pay increases effort, though mostly among mismatched workers who substitute pay for mission matching. Our results have implications for how organizations define their missions and highlight the importance of screening and compensation policies.

Bio: Jeffrey Carpenter is the James Jermain Professor of Political Economy at Middlebury College and an Associate Editor at Management Science, the Journal of Economic Behavior and Organization and the Journal of Socio-Economics. His research has been published in the American Economic Review, the Review of Economic Studies, the Economic Journal, Games and Economic Behavior, the Industrial and Labor Relations Review, the Journal of Public Economics, and the Proceedings on the National Academy of Sciences, among other journals. His research interests include Experimental and Behavioral Economics with applications to Labor, Public and Development Economics.

May 2, 2014, Effrosyni Faye Diamantoudi, Ph.D. - Subsidies, emissions, and social welfare in general equilibrium with imperfect competition

Abstract: Governments often grand various forms of subsidies, like low interest .financing and price support, to specific firms or sectors. It has been shown that, when using partial equilibrium models, subsidies granded to environmentally sensitive sectors increase both output and emissions. However, welfare effects of subsidies in the presence of emission externalities has not been examined thoroughly. On the other hand, previous work in general equilibrium with imperfect competition has demonstrated that subsidies can increase the social welfare as, in the presence of market power, the market outcome is no longer

Pareto optimal. However, these models do not consider pollution as a factor of the social welfare. In this paper we examine the environmental and welfare effects of subsidies in general equilibrium under imperfect competition in the output market. We show that when firms differ in their emission intensities and their total factor productivities, awarding subsidies can increase or decrease the social welfare depending on the tradeoff between output and emissions. We analyze the conditions under which a price support has a positive effect on reducing total emissions and raising social welfare. Furthermore, it is shown that, unlike in the case of market imperfection alone, the optimal tax in the presence of distorting subsidies might be greater than the marginal social damage.

Bio: Effrosyni Diamantoudi is an Associate Professor at the Department of Economics of Concordia University in Montreal, Canada. She earned her PhD in Economics from McGill University. She previously served as an Assistant Professor at the University of Aarhus in Aarhus, Denmark and at Concordia University. Her research interests include game theory, matching, coalition formation, cartel stability, international environmental agreements and environmental Kuznets curves. Her work has appeared in major academic journals such Journal of Economic Theory, Games and Economic Behaviour and Economic Theory among others. She has served as a member of various scientific committees of reserch centers and conferences. She has been the chairwoman of the Social Choice and Welfare bi-annual world congress in 2008.

May 9, 2014, Leeat Yariv, Ph.D. - Collusion through Communication in Auctions

Leeat Yariv

Abstract: We study the extent to which communication can serve as a collusion device in auctions. We focus on one-shot first- and second-price sealed-bid auctions. Theoretically, the availability of cheap-talk communication between bidders does not change the set of equilibrium outcomes in first-price auctions, but expands the set of equilibrium outcomes in second-price auctions. In a series of laboratory experiments, we vary the amount of interactions (communication and/or transfers without commitment) between bidders. The revenues of the auctioneer decrease when bidders can communicate. When, additionally, bidders can make (non-committal) transfer promises, revenues decline substantially, with 70% of the auctions culminating in the good sold for approximately the minimal price. These effects are similar across auction formats. Finally, we identify persistent trends in the underlying communication protocols. The study suggests the importance of accounting for communication, in addition to other channels such as repeated play, when inspecting collusion in strategic interactions.

More information forthcoming.

May 12, 2014, Don Ross, Ph.D - Psychological versus economic models of bounded rationality

Don RossAbstract: That the rationality of individual people is ‘bounded’ – that is, finite in scope and representational reach, and constrained by the opportunity cost of time – cannot reasonably be controversial as an empirical matter. In this context, the paper addresses the question as to why, if economics is an empirical science, economists introduce bounds on the rationality of agents in their models only grudgingly and partially. The answer defended in the paper is that most economists are interested primarily in markets and only secondarily in the dynamics of individual decisions – specifically, they are interested in these dynamics mainly insofar as they might systematically influence the most useful approaches to modeling interesting markets. In market contexts, bounds on rationality are typically generated by institutional and informational properties specific to the market in question, which arise and are sustained by structural dynamics that do not originate in or reduce to individuals’ decisions or psychological dispositions. To be sure, these influences interact with psychological dispositions, so economists have reason to attend to the psychology of valuation. But no general model of bounded rationality should ever be expected to feature in the economist’s toolkit, regardless of the extent to which psychologists successfully identify specific human cognitive limitations. Use of moderate rational expectations assumptions should be understood in this light. Such assumptions are readily relaxed in specific applications, and in ways customized to modeling circumstances, that modelers, experimentalists and econometricians are making steadily more sophisticated.

Bio: Don Ross is Professor of Economics and Dean of Commerce at the University of Cape Town, and Program Director for Methodology at the Center for Economic Analysis of Risk at Georgia State University. His areas of recent research include economic methodology, experimental economics of risk and time preferences in vulnerable populations, strategic foundations of human sociality, and scientific metaphysics. His many publications include Economic Theory and Cognitive Science: Microexplanation (2005), Every Thing Must Go: Metaphysics Naturalized (with J Ladyman) (2007), Midbrain Mutiny: The Picoeconomics and Neuroeconomics of Disordered Gambling (with C Sharp, R Vuchinich and D Spurrett) (2008) and Philosophy of Economics (2014).

December 5, 2014, David Hirshleifer, Ph.D.

David Hirshleifer photo More information forthcoming.

+-Past Speakers

April 11, 2014, Paola Mallucci, Ph.D. - Fairness Ideals in Distribution Channels

Mar. 17, 2014, Stephen Burks, Ph.D

Mar. 14, 2014, Joaquin Gomez Minambres, Ph.D. - Goal Setting and Monetary Incentives: When Large Stakes Are Not Enough

Mar. 7, 2014, Fabrice Lumineau, Ph.D. 

Feb. 28, 2014, David Dickinson, Ph.D. - The impact of glucose on Bayesian v. heuristic-based decision making

Feb. 21, 2014, David Leinweber, Ph.D. - Nerds on Wall Street: Math, Machines, & Wired Markets - Watch lecture

Feb. 7, 2014, Robert Sugden, Ph.D. - Efficiency, Equality and Labeling: An Experimental Investigation of Focal Points in Explicit Bargaining - Watch lecture

Dec. 06, 2013, Jack Stecher, Ph.D. -Description and Experience Based Decision Making:  An Experimental and Structural Estimation Approach to the Decision-Experience Gap

Nov. 22, 2013, Matt McCarter, Ph.D. - The size of social dilemma science - Watch lecture

Nov. 15, 2013 Juan Carrillo, Ph.D. - Value computation and value modulation: a dual-process theory of self-control - Watch lecture

Oct. 25, 2013 William Gates, Ph.D. - Mechanism Design for Military Force Management - Watch lecture

Oct. 11, 2013 David Malueg, Ph.D. - The Best-Shot All-Pay (Group) Auction with Complete Information - Watch lecture

Sept. 6, 2013 Michel Regenwetter, Ph.D. - Random Preference and Distribution-free Random Utility - There are two papers for this lecture: Paper one. Paper two. - Watch lecture

May 10, 2013 Kimberly Wade-Benzoni, Ph.D. - The Egoism and Altruism of Intergenerational Behavior - Watch lecture

Apr. 19, 2013 Raymond Deneckere, Ph.D. - Multi-Dimensional Screening: A Solution to a Class of Problems- Watch lecture

Apr. 12, 2013 Caroline Thomas, Ph.D. - N-Dimensional Colonel Blotto Game with Asymmetric Battlefield Values - Watch lecture

Apr. 5, 2013 David Cooper, Ph.D. - Ambiguity in Performance Pay: An Online Experiment - Watch lecture

Mar. 22, 2013 Cary Deck, Ph.D. - Contests with Multiple Targets - Watch lecture

Mar. 15, 2013 John Roberts, Ph.D. - Does Working From Home work?  Evidence From a Chinese Experiment - Watch lecture

Mar. 8, 2013 Tony Kwasnica, Ph.D. - A Laboratory Comparison of Auctions and Sequential Mechanisms - Watch lecture

Feb. 22, 2013 Jordi Brandts Bernad, Ph.D. - Let’s talk: How communication affects contract design.

Feb. 1, 2013 Ron Siegel, Ph.D. – Large Contests - Watch lecture

Dec. 7, 2012 Quazi Shahriar, Ph.D. - When Does Cheap-Talk (Fail to) Increase Efficient Coordination? - Watch lecture

Nov. 9, 2012 Uri Gneezy, Ph.D. - Incentives and Behavior Change

Nov. 2, 2012 Glenn Harrison, Ph.D.  - Asset Integration and Attitudes to Risk - Watch lecture

Oct. 26, 2012 Michael Baye, Ph.D. -  Product Search Online - Watch lecture

Oct. 19, 2012 John Morgan, Ph.D. - On the Merits of Meritocracy - Watch lecture

Oct. 12, 2012 Jonathan Meer, Ph.D. - An Experimental Analysis of Charitable Donations of Time and Money - Watch lecture

Oct. 5, 2012 Joshua Tasoff, Ph.D. - Exponential-Growth Bias and Lifecycle Consumption - Watch lecture

Sept. 28, 2012 Charles Thomas, Ph.D. - An Alternating-Offers Model of Multilateral Negotiations - Watch lecture

Sept. 21, 2012 David Stephens, Ph.D. - The Natural History of Acquisition: Evolution, foraging, impulsiveness and behavioral plasticity. Further reading for this lecture. - Watch lecture

Sept. 7, 2012 Gary Charness, Ph.D.Experimental Games on Networks - Watch lecture

Aug. 31, 2012 Yan Chen, Ph.D. - Crowdsourcing with All-pay Auctions:  a Field Experiment on Taskcn - Watch lecture

May 4, 2012 Tim Groseclose, Ph.D. - Signaling Games and Media. Watch lecture

Apr. 20, 2012 Shawn Kantor, Ph.D. - Do Research Universities Generate Local Economic Growth? - Watch lecture

Apr. 13, 2012 Sean Crockett, Ph.D. - Do Reference Dependent Preferences Really Matter? - Watch lecture

Mar. 23, 2012 Max Krasnow, Ph.D. - Evolution of direct reciprocity under uncertainty can explain human generosity in one-shot encounters. Watch lecture

Mar. 16, 2012 Alex Brown, Ph.D. - Experimental Analysis of Envy-Free Auctions - Watch Lecture

Mar. 9, 2012 Keith Murnighan, Ph.D. - On Greed - Watch Lecture

Mar. 2, 2012 Jeff Smith, Ph.D. - Remarks on Field Experiments in Labor Economics and the Economics of Education - Watch lecture

Feb. 24, 2012 John Tooby, Ph.D. - The Welfare Tradeoff Architecture, Cooperation, and Social Emotions - For further reading please see: Formidability and the logic of human anger and The architecture of human kin detection. - Watch lecture

Feb. 17, 2012 Stefan Szymanski, Ph.D. - Contests on a Line - Watch Lecture

Feb. 10, 2012 Brian Roberson, Ph.D. - Dynamic Special Interest Politics with Relational Contracts - Watch lecture

Feb. 3, 2012 Alexandra Rosati - Evolutionary economics: Mapping decision-making traits in chimpanzees, bonobos, and humans - Watch Lecture

Dec. 9, 2011 Diego Aycinena Abascal, Ph.D. - Auctions with Endogenous Participation - Watch Lecture

Dec. 2, 2011 John Tomasi, Ph.D. - Democratic Legitimacy and Economic Liberty - Watch Lecture

Nov. 18, 2011 Hersh Shefrin, Ph.D. - Systemic Risk and Sentiment - Watch lecture

Nov. 11, 2011 Mark M. Bykowsky, Ph.D. - A Market-based Approach to Establishing Licensing Rules: Licensed Versus Unlicensed Use of Spectrum Federal Communications Commission - please watch this video before lecture - Watch lecture

Nov. 4, 2011 Melissa Thomasson, Ph.D.  - Saving Babies: The Contribution of Sheppard-Towner to the Decline in Infant Mortality in the 1920s - Watch lecture

Oct. 28, 2011 Gabriele Camera, Ph.D.- The coordination value of monetary exchange: Experimental evidence.Watch Lecture

Oct. 21, 2011 Parker Ballinger, Ph.D. - Individual versus Social Learning: The Importance of Demonstrability - Watch lecture

Oct. 7, 2011 David Budescu, Ph.D. - Taking Wason to the market:  Studies of the Wason selection task in competitive markets - Watch Lecture

Sept. 16, 2011 Price Fishback, Ph.D. - Comparisons Across Time and Space of Poverty and Social Insurance Programs. - Watch lecture

Sept. 9, 2011 - Anne Villamil, Ph.D. - The Effects of Credit Subsidies on Development - Watch Lecture

Sept. 1, 2011 – Gad Saad, Ph.D. – The Consuming Instinct 

Apr. 29, 2011 Donald Shoup - The High Cost of Free Parking - Watch Lecture 

Apr. 8, 2011 Kevin McCabe, Ph.D. – Experiments on the role of third parties on redistribution decisions. For further reading please see: Shared Experience and Third-Party Decisions: A Laboratory Result, Legitimacy in the lab – The separate and joint effects of earned roles and earned endowments in third-party redistribution, Whose money is it anyway? Ingroups and distributive behavior. - Watch lecture

Apr. 1, 2011 Michael Gurven, Ph.D. - Experimental investigation of fairness and altruism norms in small-scale societies - Further reading: Culture sometimes matters: Intra-cultural variation in pro-social behavior among Tsimane Amerindians and Collective Action in Action: Prosocial Behavior in and out of the Laboratory - Watch lecture

Mar. 25, 2011 Anya C. Samak (Savikhin), Ph.D. - Conducting Field Experiments with Preschool-Aged Children: New Approaches - Watch lecture

Mar. 11, 2011 Terry Anderson, Ph.D. -"I Own This Place”: Property Rights for Native Americans. - Watch lecture

Mar. 4, 2011 Blake LeBaron, Ph.D. - Heterogeneous Gain Learning and the Dynamics of Asset Prices - Watch lecture

Feb. 18, 2011 Catherine Eckel, Ph.D. - Giving to Government: Voluntary Taxation in the Lab - Watch lecture

Feb. 11, 2011 Jim Engle-Warnick, Ph.D. - Social Learning and Risk and Ambiguity Preferences - Watch lecture

Feb. 4, 2011 Peter Boettke, Ph.D. - Polycentrism and Gargantua: Which Model Best Provides Public Education? - Watch lecture

Dec. 10, 2010 Deirdre McCloskey, Ph.D. – Why Economics Can't Explain the Modern World, and Why a Change in Talk Does - Watch lecture

Nov. 5, 2010 James Choi, Ph.D.Religious Identity and Economic Behavior - Watch lecture

Oct. 29, 2010 Svetlana Pevnitskaya, Ph.D. - The Effect of Access to Clean Technology on Pollution Reduction: an Experiment. Watch lecture

Oct. 22, 2010 Craig Yirush, Ph.D.Indigenous Rights in Early Modern Perspective. Watch lecture

Oct. 15, 2010 John Duffy, Ph.D.A Dynamic General Equilibrium Approach to Asset Pricing Experiments. Watch lecture

Oct. 5, 2010 Andreas Wilke, Ph.D. - Past and Present Environments: The Evolution of Decision Making

Sept. 24, 2010 David Schmidtz, Ph.D. - What is Nonideal Theory?

Sept. 10, 2010 Charles Thomas, Ph.D. - Equilibrium Behavior in a Model of Multilateral Negotiations - Watch lecture

May 7, 2010 Jim Gentle, Ph.D. - The Contribution of Jumps to the Volatility of Asset Prices - Watch lecture

Apr. 23, 2010 Robert Kurzban Ph.D. - Adaptationist Morality - Watch lecture

Apr. 16, 2010 Menas Kafatos - Climate Change, Facts and Hype: Hazards and Impacts and What does the Future hold?

Apr. 9, 2010 Gregory Waymire, Ph.D. - Can Trust Be Sustained in an Uncertain World When Individuals Have Machiavellian Intelligence? - Watch lecture

Mar. 26, 2010 John Rust, Ph.D. - The Flat Rental Puzzle - Watch lecture

Mar. 19, 2010 Jason Aimone, Ph.D. - Endogenous Group Formation Through Sacrificial Costs - Watch lecture

Mar. 12, 2010 Deirdre McCloskey, Ph.D. - Linguinomics: Thoughts and Theorems about Language in the Economy

Feb. 26, 2010 Ryan Oprea, Ph.D. - A Continuous DilemmaWatch lecture

Feb. 19, 2010 Oliver Goodenough, Ph.D.Strategic Mechanisms, Functional Modeling and Experimental Design in Neurolaw. Watch lecture 

Feb. 12, 2010 Henry Butler, Ph.D. – Are State Consumer Protection Acts Really Mini-FTC Acts? Watch lecture

Feb. 5, 2010 Kevin McCabe, Ph.D. - Watch lecture

Dec. 2, 2009 Jeffrey Tollaksen, Ph.D. - New Ideas About the Nature of Time -  Watch lecture

Nov. 13, 2009 Sarah F. Brosnan, Ph.D. - An Evolutionary Perspective on the Perception and Utilization of Property . Watch lecture

Nov. 6, 2009 James Konow Ph.D.Just Luck:  An Experimental Study of Risk Taking and Fairness

Oct. 30, 2009 Jerome Busemeyer Ph.D. - A Computational Model of the Attention Process Used to Generate Decision Weights. Watch lecture 

Oct. 26, 2009 Harold Demsetz - Externalities and Social Cost . Watch lecture

Oct. 23, 2009 Dan Kovenock Ph.D. –   The Optimal Defense of Networks of Targets . Watch lecture

Oct. 9, 2009 Monica Smith, Ph.D. - A cognitive History of Material Objects:  The Archaeology of Possession, Inheritance, and Value . Watch lecture

Sept. 25, 2009 Bart J. Wilson, Ph.D. - The Ecological and Civil Mainsprings of Property: An Experimental Economic History of Whalers’ Rules of Capture

Sept. 18, 2009 Thomas W. Hazlett, Ph.D.  – Tragedy TV: Rights Fragmentation and the Junk Band Problem . Watch lecture

May 20, 2009 Gerd Gigerenzer Ph.D. - Homo Heuristicus: Why Biased Minds Make Better Inferences.  Watch lecture

May 7, 2009 Matt Ridley Ph.D. - The Role of Exchange and Specialization in Human Prosperity. Watch lecture

Apr. 24, 2009 Dan Bogart Ph.D. - Parliament and the Adaptability of Property Rights:  A case study of Estate Acts and the London Property Market. Watch lecture

Apr. 17, 2009 Jasmina Arifovic Ph.D. - A Behavioral Model for Mechanism Design: Individual Evolutionary Learning. Watch lecture

Apr. 3, 2009 John Dickhaut Ph.D.- High Stakes Behavior with Low Payoffs: Inducing Preferences with Holt-Laury Gambles . Watch lecture

Mar. 27, 2009 Arun Sood Ph.D.Self Cleansing Intrusion Tolerance Watch lecture

Mar. 20, 2009 John Ledyard Ph.D. – Individual Evolutionary Learning, Other-regarding Preferences, and the Voluntary Contributions Mechanism. Watch lecture

Mar. 13, 2009 Gregory Waymire Ph.D. - Transaction Records, Impersonal Exchange, and Division of Labor. Watch lecture

Mar. 6, 2009 James Murphy Ph.D. – Rent Dissipation in Competitive Fisheries: An Experimental Analysis. Watch lecture

Feb. 27, 2009 Amnon Rapoport Ph.D. - Coordination in Large-scale Networks under Two different Information Structures: A Laboratory Study. Watch lecture

Feb. 13, 2009 Elena Asparouhova Ph.D. - Cognitive Biases, Ambiguity Aversion and Asset Pricing in Financial Markets. Watch lecture

Feb. 6, 2009 Cary Deck Ph.D. - Sequentially Pricing Multiple Products: Theory and Experiments. Watch lecture

Jan. 16, 2009 Jean-Laurent Rosenthal Ph.D.Market for Mortgages. Watch lecture

Dec. 5, 2008 Hillard Kaplan Ph.D. - Evolution of Aging. Watch lecture

Nov. 21, 2008 Michael McBride Ph.D. -  Conflict and the Shadow of the Future: An Experimental Study.  Background and theoretical basis. Watch lecture

Nov. 7, 2008 Larry Iannaccone Ph.D. - Looking Backward: A Cross-National Study of Religious Trends. Watch lecture

Nov. 6, 2008 Barry Chiswick Ph.D. - Why is the Payoff to Schooling Smaller for Immigrants? Watch lecture

Oct. 31, 2008 John Dickhaut Ph.D. - Efficient Markets and Drift: A Computational Approach. Watch lecture

Oct. 24, 2008  Abel Winn Ph.D. - Framing Effects in Two-Side Clock Auctions. Watch lecture

Oct. 17, 2008  Eric Schoenberg Ph.D. - Relative Wealth Concerns and Asset Bubbles: An Experimental Approach. Watch lecture

Oct. 3, 2008 Peter Bossaerts Ph.D. - Exploring the Nature of "Trading Intuition"

Sept. 15, 2008  Thomas A.  Rietz Ph.D. - Product market efficiency:  The bright side of myopic, uninformed, and passive external finance

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    Please submit requests or questions to: Cyndi Dumas at (714) 516-4513 or dumas@chapman.edu.

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