As the debate on the Trans-Pacific Partnership heats up, Prof. Ahking answered questions in UConn Today on the pros and cons of this trade agreement.
The entire Q&A is published on May 6 in UConn Today.
Professor Shor publishes in Operations Research Letters
Professor Mikhael Shor has had his paper, “How collaborative forecasting can reduce forecast accuracy,” accepted by Operations Research Letters.
The brief article compares an independent supplier and retailer who each forecast consumer demand with a jointly-profit-maximizing supplier and retailer who share their forecasts of consumer demand. The move from non-collaborative to collaborative forecasting can have the unexpected impact of decreasing demand forecast accuracy while still increasing profit. Therefore, collaborating firms should maintain a focus on profits, not forecast accuracy, as the appropriate measure of success.
Professor Hallwood Wins Outstanding Researcher Award
Professor Paul Hallwood last week was awarded the Outstanding Researcher award by the Avery Point Director, Professor Marty Wood. The prize is awarded annually to faculty including the science departments.
The citations mentioned that Professor Hallwood is the author of 10 books and about 70 papers in refereed journals, and that he is active in applied work – notably in redesigning a tax system for the Scottish government and earlier as an economic advisor to the Government of Saudi Arabia.
Professors Miceli and Segerson Cited in The Economist
An article on land assembly in developing countries published in the May 2nd-8th 2015 edition of The Economist cited a paper by economics professors Thomas Miceli and Kathleen Segerson. The article discusses problems developing countries face in assembling land for large-scale economic development projects.
The author writes, “A theoretical model set out in a paper published in 2011 by Thomas Miceli and Kathleen Segerson of the University of Connecticut shows that when a buyer has to negotiate in sequence with sellers of contiguous plots of land, the price of each successive sale will rise. Landowners know the project cannot proceed unless the buyer acquires all the plots he needs. The more he acquires, the greater the cost of abandoning the project. The ransom those yet to sell can demand increases accordingly.”
The article referred to is “Land Assembly and the Holdout Problem Under Sequential Bargaining,” which was published in the American Law and Economics Review, Vol. 14 (2012): 372-390.
Prof. Langlois receives CLAS award
Prof. Langlois is named a recipient of the 2015 College of Liberal Arts and Sciences Excellence in Research award. Congratulations!
Prof. Ozabaci accepts position at UNH
Prof. Deniz Ozabaci, visiting assistant professor, has accepted an appointment to the University of New Hampshire. The Department thanks her for her service and wishes her the very best in the future. Congratulations!
Prof. Ahking presents paper at conferences
Prof. Ahking presented a paper “The Economies of the Great Lakes States” at the 54th Meetings of the Southern Regional Science Association in Mobile, AL, March 26 – 28. He also presented the paper at the 2014 Southern Economic Association Annual Meetings in Atlanta, GA, in November 2014. The conference paper is available for download from ResearchGate.
Prof. Naknoi has paper accepted by JME
Prof. Naknoi and co-author YiLi Chien (Federal Reserve Bank of St. Louis) have their paper “The Risk Premium and Long-Run Global Imbalances” accepted for publication in the Journal of Monetary Economics. The paper examines the sustainability of U.S. trade deficits, given the assumption that U.S. investors take on more aggregate risk than foreign investors. It predicts that half of US trade deficits is sustainable. A copy of the working paper is available for download from RePEc.
Prof. Heffley retires
Photo L to R: Dennis Heffley, Perry Shapiro, Subhash Ray
Prof. Dennis Heffley retired from the Department of Economics after 41 years at the University of Connecticut, including 4 years as the Department Head, 2005-2009. About 45 family members, current and former colleagues, many former graduate students, and Dennis’s major adviser, Perry Shapiro, who traveled from California, gathered for a retirement party and to celebrate his many achievements in late December at the end of the fall semester.
Dennis expects to keep busy in his retirement and would love to hear from everybody. We thank Dennis for his many years of service to the Department and the University and wish him and his family the very best.
Prof. Couch Appoints New Members of JPAM Editorial Team
Since becoming Editor-in-Chief of the Journal of Policy Analysis and Management (JPAM) in 2014, Professor Ken Couch has invited a number of prominent researchers to join its editorial team. Scholars from American University, Berkeley, Cornell, Duke, Indiana, George Washington, Michigan, Oxford, NYU, Penn, RAND, UConn, USC, the Urban Institute, Stanford, Vanderbilt, and Wisconsin are among this group. JPAM is a leading outlet for applied research on innovations in policy and management.