Economics Consulting / Litigation / Expert Witness

• Economics Expert for ConAgra Foods, Inc., Swift & Co., and Cagle’s Inc. Provided expert testimony on litigation matters. Case examples include: Estate of Bud Hill v. ConAgra Poultry Co., Case No. 4:94CV0198, 1997 U.S. Dist. LEXIS 13083 (N.D.Ga. Aug. 25, 1997)
• Economic Consultant to Georgia Power (a subsidiary of Southern Company)
• Economic Consultant to the Federal Trade Commission
• Financial advisor to Chapter 7 Trustee of the largest commercial moving company in the DC region. Valued the excess collateral held by an insurance provider. Performed statistical and economic analyses relating to thousands of insurance claims. Successfully helped the Trustee recover the excess collateral held.
• Forensics consultant to several hundred investors of a failed investment scheme with operations in the U.K., Southeast Asia and Australia.
• Financial advisor to debtor-in-possession (Subchapter V Chapter 11) privately-held parking operators with almost 100 locations.  Performed micro- and macro-economic analyses in support of the Chapter 11 Plan’s projections.

Academic

• MBA Adjunct Professor, Stetson School of Business & Economics, Mercer University, Macon, Georgia
• Professor of Economics, Matton Professor of Economics Emeritus Department of Economics and Business, Served as Department Chair and on college committees, Berea College, Berea, Kentucky
• Visiting Professor of Economics, Graduate School of Industrial Administration, Carnegie Mellon University, Pittsburgh, Pennsylvania
• Assistant Professor, Department of Economics, Eastern Kentucky University, Richmond, Kentucky
• Assistant Professor, Department of Economics, Auburn University, Auburn, Alabama
• Economics Instructor, Hanover College, Hanover, Indiana
• Research Associate, Institute of Natural Resources, University of Georgia, Athens, Georgia

Courses Taught

• 1992 Econometrics, Carnegie Mellon University

• 1976 Introduction to Econometrics

• 1996 Quantitative Decision Methods

• 1991 – 1995; 1979 – 1981 Quantitative Methods in Management Science

• 1996 Applied Forecasting

• 2002 Managerial Economics

• 1977 – 2004 Applied Statistics

• 1983 Law and Economics

• 1975 – 2004 Principles of Economics

• 1982; 1985 International Economics

• 1984 Public Finance

• 1982 Benefit-Cost Analysis

• 1983 – 1985 Decision Making Under Uncertainty

• 1986 – 2009 Money and Banking

• 1981 – 1987; 1976 – 1978 Intermediate Microeconomics

• 1982 – 2009; 1975 Intermediate Macroeconomics

• 1984 – 2001 Seminar in Economics

• 2010 – 2011 MBA Financial Management, Mercer University

• 2010 – 2011 MBA Case Studies in Financial Management, Mercer University

Current Research Interests

• Bayesian Approaches to Random Utility Models and Nested Logit Models
• Travel cost models of tourism choice from the Bayesian perspective

Publication & Research

• Dissertation: “An Econometric Study of Electric Power Generation Under Private and Public Ownership.”

• “Restaurant Tipping: Free Riding, Social Acceptance and Gender Differences,” with W. Boyes and W. S Mounts, Journal of Applied Psychology.

• “Ability, Age and Performance: Conclusions from the Ironman World Championships,” with W. S. Mounts, forthcoming in the Journal of Sports Economics.

• “Budget Regimes and Internal Governance: Considerations for the Sustainability of Fiscal Policy,” with W.S. Mounts, under final revision for the Economics of Governance.

• “Excess Reserves During The 1930s: Empirical Estimates of the Costs of Converting Unintended Cash Inventory Into Income Producing Assets,” co-authored with James T. Lindley and W. Stewart Mounts in the Journal of Economics and Finance, Volume 25 Number 2 Summer 2001.

• “An Examination of Country Member Bank Cash Balances in the 1930s: A Test of Alternative Explanations,” published in the Southern Economic Journal, April 2000, co-authored with W. S. Mounts.

• “NAFTA and North American stock market linkages: an empirical note,” in North American Journal of Economics and Finance , with J. Payne and B. Ewing, v 10, 1999, pp 443-451.

• “Monetary and Fiscal Constitutions and the Bureaucratic Behavior of the Federal Reserve,” Public Finance Review, vol. 26, no. 6, 1998, pp 548-64, with W. S. Mounts. and William Boyes.

• “Taxing, Spending and the Budget Process: The Role of Rules in the Composition of the Intertemporal Budget Constraint,” in the Journal of the Swiss Society of Statistics and Economics, with W. S. Mounts.

• “All Politics Is Local: The Effect of Fiscal and Monetary Constitutions on Economic Policy,” in Journal of Macroeconomics, 1996, with W. Boyes, W.S. Mounts and J. Payne.

• Instructor’s Resource Manual for John B. Taylor’s Economics, 1995 and 2000.

• “Bureaucracy, Altruism, and Monetary Policy: A Note from a Forecasting Perspective,” Public Choice, v 89,1-2,1996, pp 27-34.

• “The Federal Budget Deficit: An Instrument in Search of Targets?” with James Payne, 1995, in Southern Journal of Economics and Business.

• “A Statistical Note on Possible Institutional Regimes in Budget Policy,” with W. S. Mounts in Journal of Macroeconomics, v 17,1 pp. 149-60, 1995.

• “Historical Considerations, Property Rights, and Budgets: A Comment on the Use of Inputs by the Federal Reserve,” with W. S. Mounts in Public Choice, 66, 1990, pp. 155-59.

• “Implied Policy Regimes and Membership in the Federal Reserve,” with W. S. Mounts in The Quarterly Review of Economics and Business, Vol. 30, No. 2, 1990, pp. 85-93.

• “The Federal Reserve as a Bureaucracy: An Examination of Expense Preference Behavior,” with W. S. Mounts and W. J. Boyes, The Journal of Money Credit and Banking, May 1988, pp. 181-190.

• “A Time Series Analysis of Political Monitoring in the Production of High Powered Money,” with W. S. Mounts in Midsouth Journal of Economics and Finance, (10-3) 1986, pp. 161-168.

• “Human Capital and Bureaucratic Inertia: The Use of Inputs by The Federal Reserve,” with W. S. Mounts in Central Bankers, Bureaucratic Incentives and Monetary Policy, Ed. by E. F. Toma and M. Toma, Martinus Nijhoff, 1986, pp. 91-104.

• “Rent Seeking over Time: The Continuity of Capture,” with J. T. Lindley and W. S. Mounts in Public Choice (46), pp. 87-94, 1985.

• “Preferences for Fed Chairmen: Ferreting for Folklore,” with W. S. Mounts, Studies in Economic Analysis (1984).

• “An Econometric Model of Electricity Load Shape,” with R. C. Hill and R. Goodwin, The Economic Journal (1979).

Papers Presented

• “Revisting the Excess Reserve Anomaly of the 1930s: The Nature of the Banking System and the Consequences of the Bank Holiday,” with J. T. Lindley and W. S. Mounts, paper presented by J. T. Lindley at Texas Tech, 2003.

• “Aging, Effort, and Output in the Ironman Triathalon World Championship: How Fast Do Men and Women Slow Down?” paper presented to the Boardman Business Forum Seminar Series at the University of Southern Mississippi, April 14, 2000.

• “Taxing, Spending and the Budget Process: The Role of Rules in Composition of the Intertemporal Budget Constraint,” with W. S. Mounts given at the annual meeting of the Swiss Society of Statistics and Economics, Lucern, Switzerland, March 18-20, 1997.

• “Exploitable Information in Monetary and Fiscal Policies: Budget and Fed Reaction Functions,” with James Payne and W. S. Mounts given at Midwest Economic meeting, Chicago, IL, March 1994.

• “The Determinants of the Length of Service for Governors of the Federal Reserve,” with W. S. Mounts.
  Paper for Public Choice Society, March 1983.

• “Performance, Tenure and Recent Federal Reserve Chairmen,” with W. S. Mounts. Paper for Mid-South Academy of Economists, Nashville, TN, February 1982.

• “Corporate Giving: Theory and Evidence,” with W. S. Mounts. Paper for Midwest Economic Association Meeting, Louisville, KY, April 1981.

• “Social, Economic and Physical Factors and Their relationship to Household Load Functions,” with R. C. Hill and R. Goodwin. Paper given at the Public Utilities Seminar, Load Forecasting, Rate Making and Financial Planning for Electric Utilities Section, St. Louis, MO, October 1978.

• “Time of Day Electricity Demand,” with R. C. Hill and R. Goodwin. Paper given at the Southeastern Section, American Statistical Association, Athens, GA, April 1978.

Member, American Statistical Association; Econometric Society

Member, Editorial Board, The Journal of Economics and Finance

Selected to attend University of Chicago program, “Recent Developments in Applied Economics,” Summer 1977

Reviews for Journal Money Credit and Banking, Journal of Macroeconomics, Journal of Contemporary Economic Policy, The Journal of Economics and Finance

Awards

• Participant in Mellon Workshop on Corporate Responsibility, Summer 1982
• Recipient of James Still Fellowship, University of Kentucky, Summer 1984
• Recipient of Surdna Foundation Faculty Research grant, Summer 1985 and 1986
• Recipient of Kentucky EPSCoR Research Grant (1988)

Education

• Ph.D. in Economics, University of Georgia
• B.A. in Economics, Florida State University
• Emphasis in: Microeconomic Theory, Applied, Econometrics, Economics of Regulation, Monetary Theory and Policy