Pamela M. Schmitt
Professor of Economics, U.S. Naval Academy
Director of Academic Counseling
United States Naval Academy
Department of Economics
589 McNair Rd Stop 10 D
Annapolis, Maryland 21402
Phone: (410) 293-6888
Fax: (410) 293-6899
Email: pschmitt@usna.edu
Office: Nimitz 061
Current Courses (Fall 2012):
FE461:
Industrial Organization
Education
B.S., Villanova University, Mathematics, l995
M.A., Indiana University, Economics, l996
Ph.D.,
Thesis Title: Bargaining on Wages and Competition in Price and Product Quality
Thesis Co-Chairs: James M. Walker and David R. Schmidt
Experience
Professor, USNA 2011 - present
Associate
Professor, USNA 2005-2011
Assistant Professor, USNA, 2000-2005
Associate Instructor, Indiana
University 1996-2000
Areas of Specialization
Experimental Economics
Industrial Organization
Game Theory
Public Economics
STUDENT INFORMATION:
Past Courses:
FE450: Game
Theory
FE431:
Public Finance
SA475E:
Quantitative Economics Capstone Seminar
FE450:
Game Theory
FE500:
Honors Research Seminar
FE341:
Microeconomics
FE210:
Principles of Economics
FE363:
Intermediate Macroeconomics
FE460:
Public Policy Towards Business
FE210Q: Quantative Economics, Principles of Economics
PROFESSIONAL INFORMATION:
Publications (Abstracts Linked)
“An Experimental Dynamic Public Goods Game
with Carryover” (with Patrick Wayland (USNA 2010), Kurtis Swope, and John Cadigan) forthcoming in Journal of Economic Behavior and
Organization.
Now Available online
"The Holdout Problem and Urban Sprawl: Experimental Evidence" (with Kurtis Swope, Robert Shupp, and John Cadigan) Journal of Urban Economics, 69 (2011) 72–81.
"Contracts, Behavior, and the Land Assembly Problem:
Experimental Evidence" (with Ryan Wielgus
(USNA 2009), Kurtis Swope, and John Cadigan)
Research in Experimental Economics: Experiments on Energy, the Environment, and Sustainability, 2011, vol. 14, 151-180.
“Strategic Entry Deterrence and Terrorism: Theory and Experimental Evidence” (with John Cadigan) Public Choice, 143(1-2) 2010, 2-33.
“An Experimental Study of the Holdout Problem in a Multilateral Bargaining Game” (with Kurtis Swope, Robert Shupp, and John Cadigan), Southern Economic Journal, 76(2) 2009, 444-457.
“Personality Preferences in Laboratory Economic Experiments” (with Swope, K.J., Cadigan, J.,and Shupp, R.) Journal of Socio-Economics 37 (2008) 998-1009.
“Personality Preferences and Pre-Commitment: Behavioral Explanations
in Ultimatum
Games” (with Robert Shupp, Kurtis Swope, and
Justin Mayer (USNA 2003)), Journal of
Economic
Behavior and Organization.Vol. 66/3-4, 2008, 597-605. Instructions
"Social Position and Distributive Justice: Experimental Evidence" (with Swope, K.J., Cadigan, J., and Shupp, R.) Southern Economic Journal, 74(3) 2008, 811-818. Instructions
“The Performance of Economics Graduates over the Entire Curriculum: The Determinants of Success” with Kurtis J. Swope, Journal of Economic Education, 37(4), 2006, 387-394.
“On the Role of the Hostage in Ultimatum Bargaining Games” (with Robert Shupp, and Kurtis Swope) Journal of Socio-Economics, 35(3) 2006, 399-411.
“Multi-Period
Rent-Seeking Contests with Carryover: Theory and Experimental Evidence”
(with Robert Shupp, Kurtis Swope, and John Cadigan), Economics of Governance,
5 (3),
2004,
187-211.
"On
Perceptions of Fairness: The Role of Valuations, Outside Options, and
Information in Ultimatum
Bargaining Games”, Experimental
Economics, 7 (1), 2004, 49-73.
Instructions
Data
“A Vertically Differentiated Duopoly with Marginal Cost Differentials", International Game Theory Review, 5 (1), 2003, 73-81.
“The Impact of a Marginal Cost Increase on Price and Quality: Theory and Evidence from Airline Market Strikes”, Australian Economic Papers, 41 (3), 2002, 282-304.
“Collective
Action With Incomplete Commitment: Experimental Evidence”, (with
Kurtis J. Swope and James M. Walker), Southern Economic Journal, 66 (4), 2000,
829-854.
Working
Papers (Abstracts Linked) –
some papers available at RePEc
“That’s My Final
Offer! A Laboratory Study of Unanimous-Consent Bargaining with Asymmetry and
Credible Commitment” (with Kurtis Swope and John Cadigan),
in progress
“Price Dispersion and
Search Cost: How do Frequency of Purchase and “Type” of Good Impact Price
Dispersion? (with Kurtis Swope and
Christopher Anderson USNA 2011), in progress
“Cooperation limitations under a one-time threat of expulsion and
punishment” (with Aaron
Lowen) in progress
"Information, Institutions, and the Holdout Problem: Theory and Experimental Evidence" (with Kurtis Swope, Robert Shupp, and John Cadigan) in progress
"A Behavioral Model of Multilateral Bargaining and Holdout: Theory and Experimental Evidence" (with Kurtis Swope, John Cadigan, and Robert Shupp)
“Inequality, Personality, and the Demand for Fair Outcomes” (with Cadigan, J. and Swope, K.).
"Mergers with Quality Differentiated Goods” co-authored with Matthew J. Baker.
Southern Economic Association, November 2010, Atlanta, GA. "Information, Institutions, and the Holdout Problem: Theory and Experimental Evidence" (co-authors Kurtis Swope, Robert Shupp, and John Cadigan)
Southern Economic Association, November 2010, Atlanta, GA. "Research on Cooperation Under Threat of Expulsion” (co-author Aaron Lowen)
Southern Economic Association, November 2010, Atlanta, GA. "A Dynamic Public Good Game” (co-authors Patrick Wayland (USNA 2010), Kurtis Swope, and John Cadigan)
Southern Economic Association, November 2009, San Antonio, TX. "Contracts, Behavior, and the Land Assembly Problem: Experimental Evidence" (co-authors Ryan Wielgus (USNA 2009),
John Cadigan, and Kurtis Swope)
Southern Economic Association, November 2008, Washington, D.C. "Information, Institutions, and the Holdout Problem: Theory and Experimental Evidence" (co-authors John Cadigan,
Robert Shupp, and Kurtis Swope)
Southern Economic Association, November 2008, Washington, D.C. “Groupsize, Competition, and the Holdout Problem" (co-authors John Cadigan, Robert Shupp, and Kurtis Swope)
Western Economic Association, July 2008, Honolulu, Hawaii. Presented "A Laboratory Study of Holdout and Efficiency in a Multilateral Bargaining Game" (co-authors John Cadigan,
Robert Shupp, and Kurtis Swope)
Villanova University, March 2008, Villanova, PA. Presented "A Laboratory Study of Holdout and Efficiency in a Multilateral Bargaining Game" (co-authors John Cadigan, Robert Shupp, and Kurtis Swope)
Southern Economic
Association, November 2007, New Orleans, LA. "A Laboratory Study of
Holdout and Efficiency in a Multilateral Bargaining Game" (co-authors John
Cadigan, Robert Shupp, and
Kurtis Swope)
Southern Economic Association, November 2007, New Orleans, LA. "Strategic Entry Deterrence and Terrorism: Theory and Experimental Evidence" (with John Cadigan)
Southern Economic Association, November 2007, New Orleans, LA. Presented "Comparing the Performance of College and High School Students on the Advanced Placement Economics Exams"
(co-author Fekru Debebe)
Southern Economic Association, November 2004, New Orleans, LA. Presented “Inequality, Personality, and the Demand for Fair Outcomes” (coauthored with John Cadigan and Kurtis Swope)
Southern Economic Association, November 2003, San Antonio, TX. Presented “On the Role of the Hostage in Ultimatum Bargaining Games” (coauthored with Robert Shupp and Kurtis Swope)
Society for the Advancement of
Behavioral Economics - Annual Meetings July 28 2003,
Lake Tahoe, NV. Presented "On the Role of the Hostage in Ultimatum
Bargaining Games" (coauthored with
Robert Shupp and Kurtis Swope)
Southern Economic
Association, November 2002, New Orleans, LA. Presented “Rent-Seeking
with Expenditure Carry-Over: Theoretical and Experimental Evidence” (coauthored
with Robert
Shupp, Kurtis Swope, and John Cadigan)
Honors, Awards, and Nominations
Professional Affiliations (varying membership dates)
Referee, Australian Economic Papers, International Journal of Industrial
Organization, Journal of Behavioral Economics and Organizations, Journal of
Industrial Economics, National
Science Foundation, Organizational
Behavior and Human Decision Processes, Games and Economic Behavior, Oxford
Economic Papers, Economic Inquiry, Eastern Economic Journal.
Reader, AP Economics, Educational Testing Service, 2001 - 2002.
Table Leader, AP Economics, Educational Testing Service, 2003, 2005, 2007 –
2010.
ETS, Test Development Committee for the AP Economics Exam, 2006 – present;
chair 2009 – present.
College Board, created activities for AP Special Focus
workbook, 2007, 2008.
NCEE, created activities for AP economics review workbook, 2001.
Review economics textbooks for McGraw-Hill Publishing, reviewed Frank and
Bernanke’s first and second editions principle textbook, Shiller's
principles text 1997 - 2002.
Review AP Test Prep Workbook for Pearson Education
Publishing, reviewed Foundations of Economics AP* Edition by Mark Rush to
accompany the Bade and Parkin AP Edition textbook,
2006.
INSTITUTIONAL INFORMATION
Academy Committees/Service
2002,
Tyler Forrest "Customer Racial Discrimination in the Professional Sports
Card Market: The Case of League Majority versus League Minority”,
University Avenue Undergraduate
Journal of Economics, Vol.
VI, n. I (2002-2003).
2010, Patrick Wayland, “A Dynamic Public Good Game” revised paper forthcoming in the Journal of Economic Behavior and Organization
2011, Christopher Anderson, “Price Dispersion and Search Cost: How do Frequency of Purchase and “Type” of Good Impact Price Dispersion?”