Associate Professor Pamela M. Schmitt

http://www.usna.edu/Users/econ/pschmitt/msmail.gifclick to email: Associate Professor Pamela M. Schmitt


Office Phone # (410) 293-6888
Office # Nimitz 61

Education

    B.S., Villanova University, Mathematics, l995

    M.A., Indiana University, Economics, l996

    Ph.D., Indiana University, Economics, 2000

        Thesis Title: Bargaining on Wages and Competition in Price and Product Quality

        Thesis Co-Chairs: James M. Walker and David R. Schmidt

 

 

Experience

        Associate Professor, USNA 2005-Present
        Assistant Professor, USNA, 2000-2005
        Associate Instructor, Indiana University 1996-2000

Areas of Specialization

    Experimental Economics

    Industrial Organization

    Game Theory

    Public Economics

    z-Tree programming

    Experimental Software

 

STUDENT INFORMATION:

FE210 Validation Information: please email me for information.

Current Courses (Spring 2010):

FE461: Industrial Organization
SA475E: Quantitative Economics Capstone Seminar

Past Courses:

FE431: Public Finance

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)

“Strategic Entry Deterrence and Terrorism: Theory and Experimental Evidence” (with John Cadigan) forthcoming

in Public Choice

 

“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.)
        the 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

“Research on Cooperation Under Threat of Expulsion” (with Aaron Lowen) in progress

"Information, Institutions, and the Holdout Problem: Theory and Experimental Evidence" (with Kurtis Swope,
Robert Shupp, and John Cadigan)

"Contracts, Behavior, and the Land Assembly Problem: Experimental Evidence" (with Ryan Wielgus (USNA 2009),

Kurtis Swope, 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)

submitted for publication

 

"The Holdout Problem and Urban Sprawl: Experimental Evidence" (with Kurtis Swope, Robert Shupp, and John Cadigan)

submitted for publication

 

“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.

 
Presentations and Workshops

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-authors 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)

Southern Economic Association, November 2002, New Orleans, LA. Co-presented “Horizontal
    and Vertical Product Differentiation: Theory and Evidence from the Minneapolis Retail Gasoline
    Market" (coauthored with Melanie Stock)

American Academy of Neurology, May 2001, Philadelphia, PA. Presented "Clinical Pathways
    and the Costs of Stroke Care" (co-authored with Genevieve Schmitt, Matthew Baker, Marcella
    Wozniak, and Ruth Parker).

Southern Economic Association, November 2000, Washington DC. Presented "Ultimatum Games
    with Asymmetric Payoffs, Outside Options, and Incomplete Information.”

Southern Economic Association, November 2000, Washington DC. Presented "Price and Quality
    Effects After a Strike: Theory and Evidence from Airline Markets"

Indiana University: Workshop in Microeconomics, April 2000. Presented “Ultimatum Games with
    Asymmetric Payoffs, Outside Options, and Incomplete Information.”

Southern Economic Association, November 1999, New Orleans, LA.  Presented "Quality and Price
    Effects in a Vertically Differentiated Duopoly with Marginal Cost Differentials".

Southern Economic Association, November 1999, New Orleans, LA.  Presented “Collective Action
    with Incomplete Commitment:  Experimental Evidence” (co-authored with Kurtis J. Swope and
    James M. Walker).

Indiana University:  Workshop in Microeconomics, April 1999.  Presented "Quality and Price Effects
    in a Vertically Differentiated Duopoly with Marginal Cost Differentials" thesis proposal.

Indiana University:  Women in Science Research Day, March 1998.  Poster presentation and
    discussion of “Collective Action with Incomplete Commitment:  Experimental Evidence” (co-
    authored with Kurtis J. Swope and James M. Walker).

Indiana University:  Workshop in Political Theory and Policy Analysis, February 1998.
    Presented “Collective Action with Incomplete Commitment:  Experimental Evidence”  (co-authored
    with Kurtis J. Swope and James M. Walker).
 

Honors, Awards, and Nominations

National Science Foundation grant #0720696 “RUI: Collaborative Research: Laboratory Studies
    of Holdout and Efficiency in Multilateral Bargaining”. Co-PI Kurtis Swope, 2007 - 2010.

1951 Faculty Research Excellence Award Nominee from the Economics Department for the
     yard-wide research award, USNA 2007: 2008, 2008 – 2009; honorable mention 2009.

APGAR Award for Excellence in Teaching, award in recognition of excellence in
    teaching at USNA 2003 - 2004, given annually to a junior faculty member or
    military instructor.

Nominee from the Economics Department for the Civilian Faculty Award for
    Excellence in Teaching, given in honor of Professor Theodore J. Benac.
    This is a yard wide Teaching Award, USNA 2003 - 2004 and USNA 2002 - 2003.

Nominee from the Economics Department for the APGAR yard wide
    Teaching Award for junior faculty, USNA 2003 - 2004, 2001 - 2002.

Phillip Saunders Outstanding Associate Instructor Award, award in recognition of excellence in
    teaching undergraduate economics, Indiana University, April 2000.

Doctoral Student Grant-in-Aid of Research Recipient, received December 1999. Competitive grant
    for doctoral research for all subject areas at Indiana University.

Fred Witney Scholarship Award, award in recognition of excellence in applied microeconomics,
    Indiana University, April 1999.

Teaching Excellence Recognition Award, award recognizing outstanding classroom teaching at Indiana
    University, Indiana University, April 1999.
 

Professional Affiliations

1997 Summer Visiting Graduate Student Workshop for Experimental Economics, Economic
    Science Laboratory for Research and Education, University of Arizona, Tucson, AZ, August 1997.
Member, (AEA) American Economic Association
Member, (ESA) Economic Science Association
Member, (SEA) Southern Economic Association
Member, (CAEE) Chesapeake Association of Economic Educators
Member, (CSWEP) The Committee on the Status of Women in the Economics Profession
 

Other Professional Activities

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, 2008, and 2009.
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

Senior Academic Advisor, 2008 - present.
FE210 Validation coordinator, 2003 - present.
SQE - Quantitative Economics Committee, 2006 – 2009.
Honors Program Advisor, 2005 – 2009.
Faculty Senate Finance Committee, 2003 – 2005.
Member of the Task Force to study a proposed USNA Child Care Facility, Spring 2005 - Fall 2006.
Faculty Senator, 2001 - 2003.
FE210 Coordinator, 2001 - 2005.
Awards Committee, 2002, 2009
Plebe Advisor, 2003 - 2006.
Curriculum Review for Economics (Visiting Committee Review), 2000 - 2001.
Computational Science and Engineering Course Development, 2000 - 2002.
London School of Economics Coordinator, 2001 - 2008.
 

Honors/Student Advisor, USNA

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).

2002, Melanie J. Stock, “Product Differentiation in the Minneapolis Retail Gasoline Industry”
2003, David Crabbe, "Vertical Integration in the U.S. Oil Industry and its Impact on Profitability"
2003, Justin Mayer, "Ultimatum Bargaining with Pre-commitment: Fairness or Personality Type?"
            revised paper in the Journal of Economic Behavior and Organization Vol. 66/3-4, 2008, 597-605.
2004, James Light, "An Empirical Investigation of Product Differentiation in the Retail Gasoline Industry"
2006, W. Christopher Crabbe, "Group Self-Enforcement and Conformance to Rules"
2007, Christopher Engdahl, "The Impact of Role Reversals and Average Offers in Ultimatum Bargaining.”
2009, Jack Allen, "Multi-Period Ultimatum Bargaining: The Behavioral Importance of Roles”

2010, Patrick Wayland