CURRICULUM VITAE
Steven B. Caudill
Born: October 4, 1954; Portsmouth, Ohio
Marital Status: Married, two children
University Address: Department of Economics and Business
Rhodes College
2000 N. Parkway
Memphis, TN 38112-1690
Department Telephone (901) 843-4910
Office Telephone (901) 843-3121
Home Telephone (901) 748-5938
Fax Telephone (901) 843-3736
E-mail Address caudills@rhodes.edu
Education: Ohio Wesleyan University B.A., June 1976; Mathematics
University of Florida M.A., June 1978; Economics
University of Florida Ph.D., August 1982; Economics
Research Fields: Applied Econometrics, Applied Microeconomics
Teaching Fields: Econometrics, Statistics, Microeconomics
Professional Experience:
McCallum Distinguished Professor Rhodes College 2009 - present
Professor Emeritus Auburn University 2009 - present
Visiting Scholar University of Sassari, Spring 2008
Chair Auburn University 2005 - 2008
Regions Bank Professor Auburn University 2002 - 2009
Professor Auburn University 1994 - 2009
Associate Professor Auburn University 1989 - 1994
Assistant Professor Auburn University 1982 - 1989
Honors: B.A., Magna Cum Laude
Phi Beta Kappa, 1976
Pi Mu Epsilon, 1974, President, 1975
Omicron Delta Epsilon, 1976
Alpha Iota Delta, 1980
College of Business Faculty Award for Research, 1990-1991
Auburn University Panhellenic Council Outstanding Professor: Spring
1997, Fall 1997, Fall 1998, Fall 2000, Fall 2003
AGBS Teacher of the Year; 1998-9, 2002-3
Economics Department Outstanding Teacher, 1999-2000
Publications:
“OSU and LSU Easy to Spell but Did They Belong? Using the Method of Paired Comparisons to Evaluate the BCS Rankings and the NCAA Football Championship Game 2007-8,” forthcoming in Applied Economics.
“Do Former Athletes Make Better Managers? Evidence from a Partially Adaptive Grouped-Data Regression Model,” with J. Long, forthcoming in Empirical Economics.
“More on Testing the Normality Assumption in the Tobit Model,” with F. Mixon, forthcoming in the Journal of Applied Statistics.
“Is Per Capita GDP Stationary in China? More Powerful Nonlinear (Logistic) Unit Root Tests,” with T. Chang and Y. Ho, forthcoming in Applied Economics Letters.
“Which Microfinance Institutions are Becoming More Cost-Effective with Time? Evidence from a Mixture Model,” with D. Gropper and V. Hartarska, Journal of Money, Credit, and Banking 41 (2009) pp. 651-672.
“Deregulation and Productivity Changes in Banking: Evidence from European
Unification,” with A. Kondeas, D. Gropper, and J. Raymond, Applied
Financial Economics Letters 4 (2008), pp. 193-97.
“The Impact of Money on Elections: Evidence from Open Seat Races in the United States House of Representatives, 1990-2004, with C. Duquette and F. Mixon, Economics Bulletin 4 (2008), pp. 1-12.
“Stadium Size, Ticket Allotments, and Home Field Advantage in College Football,” with F. Mixon, Social Science Journal 44 (2007), pp. 751-759.
“A Note on Combining On-site Samples and Supplemental Samples in a Logit Model of Recreation Demand,” with R. Acharya and D. Hite, Applied Economics Letters (2007).
“Who's Number One? Ranking College Football Teams for the 2003 Season,” with R. Beard, Applied Economics (2007).
“A Note on the Long-run Benefits from International Equity Diversification for a Taiwan Investor Diversifying in the US Equity Market,” with T. Chang, International Review of Financial Analysis 15 (2006), pp. 57-67.
“An Empirical Model of One-Time Corporate Cash Disbursement methods,” with C.
Hudson, B. Marshall, and A. Roumantzi, Studies in Economics and Finance 23 (2006), pp. 27-50.
“A Logit Model with Missing Information Illustrated by Testing for Hidden Unemployment in Transition Economies,” Oxford Bulletin of Economics and Statistics 68, (2006), pp. 665-77.
“Estimating the Circle Closest to a Set of Points by Maximum Likelihood using the
BHHH Algorithm,” European Journal of Operational Research 172 (2006), pp.120-126.
“Modeling Hidden Alternatives in Random Utility Models: An Application to Don't
Know Responses in Contingent Valuation,” with P. Groothuis, Land Economics 81
(2005), pp. 445-454.
“Analyzing Misleading Discrete Responses: A Logit Model Based on Mis-classified
Data,” with F. Mixon, Oxford Bulletin of Economics and Statistics 67 (2005), pp. 105-
113.
“Financial Development and Economic Growth: The Case of Taiwan,” with T. Chang, Applied Economics 37 (2005), pp. 1329-1335.
“A Statistical Analysis of the Handling Characteristics of Certain Sporting Arms:
Frontier Regression, the Moment of Inertia, and the Radius of Gyration,” with D. Amos and T. Beard, Journal of Applied Statistics 32, (2005), pp. 3-16.
“Fraud Detection using a Multinomial Logit Model with Missing Information,” with M. Ayuso and M. Guillen, Journal of Risk and Insurance 72 (2005), pp. 539-50.
“Improved Classification Rules: Estimates Using a Logit Model Based on Misclassified Data,” with B. Marshall and J. Garner, Atlantic Economic Journal 32 (2004), p. 256.
“A Re-examination of Wagner's Law for Ten Countries based on Cointegration and Error Correction Modeling Techniques,” with T. Chang and W. Liu, Applied Financial Economics 14 (2004), pp. 577-89.
“Estimating A Mixture of Stochastic Frontier Regression Models Via the EM Algorithm: A Multiproduct Cost Function Application,” Empirical Economics, 28 (2003), pp. 581-
598.
“Predicting Discrete Outcomes with the Maximum Score Estimator: The Case of the
Men's NCAA Basketball Tournament,” International Journal of Forecasting, 19
(2003), pp. 313-317.
“Valuing Pre-Commercial Genetic Resources: A Maximum Entropy Approach,” with A. Zohrabian, G. Traxler, and M. Smale, American Journal of Agricultural Economics, 85 (2003), pp. 429-436.
“Heterogeneous Skewness in Binary Choice Models: Predicting Outcomes in the Men's NCAA Basketball Tournament,” with N. Godwin, Journal of Applied Statistics, 29
(2002), pp. 991-1001.
“Tax-and-Spend, Spend-and-Tax, or Fiscal Synchronization: New Evidence for Ten
Countries,” with T. Chang and W. Liu, Applied Economics, 34 (2002), pp. 1553-1561
“Small-Sample Properties of ML, COLS, and DEA Estimators of Frontier Models in the Presence of Heteroscedasticity: A Reply to Banker, Chang, and Cooper” with A. Bojanic and J. Ford, European Journal of Operational Research, 136 (2002), pp. 468-469.
“SFA, TFA and a New Thick Frontier Based on Mixtures: Graphical and Analytical
Comparisons,” Applied Financial Economics, 12 (2002), pp. 309-317.
“Charter Status, Ownership Type, and Efficiency in the Thrift Industry,” with J. Caudill and D. Gropper, Applied Financial Economics, 11 (2001), pp. 147-155.
“Testing Efficiency Across Markets: Evidence from the NCAA Betting Market,” with L. Colquitt and N. Godwin, Journal of Business Finance and Accounting, 28 (2001), pp.
231-248.
“Is Economic Freedom One Dimensional? A Factor Analysis of Some Common
Measures of Economic Freedom,” with F. Zanella and F. Mixon, Journal of Economic
Development, 75 (2000), pp. 27-40
“Pooling Choices or Categories in Multinomial Logit Models,” Statistical Papers, 41
(2000), pp. 353-58.
“AFDC Payments and Illegitimacy Ratios: A Reappraisal,” with F. Mixon, American
Journal of Economics and Sociology, 59, (2000), pp. 451-463.
“Specification Search and Levels of Significance in Econometric Models,” with
R. Holcombe, Eastern Economic Journal, 25 (1999), pp. 289-300.
“Estimating Multiproduct Cost Functions Over Time Using a Mixture of Normals,” with D. Gropper and T. Beard, Journal of Productivity Analysis, 11 (1999), pp. 201-18.
“How Robust is the Rationality Assumption in Economics? A Statistical Test Based on Student Grade Distributions,” with F. Mixon, Social Science Journal, 36 (1999), pp.
665-673.
“Small-Sample Properties of ML, COLS, and DEA Estimators of Frontier Models in the Presence of Heteroscedasticity,” with A. Bojanic and J. Ford, European Journal of
Operational Research, 108 (1998), pp. 140-148.
“Maximum Likelihood Estimation of a Mixture of Normal Regressions: Starting Values and Singularities,” with R. Acharya, Communications in Statistics-Simulation and Computation, 27 (1998), pp. 667-674.
“Do Network News Agencies Play Their Dominant Strategies? Empirical Evidence from Lead News Stories,” with F. Mixon, Applied Economics Letters, 5 (1998), pp. 623-629.
“Television Revenue and the Structure of Athletic Contests: The Case of the National
Basketball Association,” with F. Mixon, Eastern Economic Journal, 24 (1998), pp. 43-50.
“A SAS Program for Estimating a Mixture of Two Normal Regressions,” with R.
Acharya, Educational and Psychological Measurement, 5 (1998), pp. 846-852.
“Sex-role Stereotyping, Gender Biases and Job Selection: The Use of Ordinal Logit in
Analyzing Likert Scale Data,” with R. Snipes and S. Oswald, Employee Responsibilities and Rights Journal, 11 (1998), pp. 81-97.
“The Rise (or Fall) of Lottery Adoption Within the Logic of Collective Action: Some
Empirical Evidence,” with F. Mixon, J. Ford, and T. C. Peng, Journal of Economics
and Finance, 21 (1998), pp. 43-49.
“Finite Mixture Estimation of the Diffusion of Production Processes,” with T. R. Beard and D. Gropper, Journal of Banking and Finance, 21 (1997), pp. 721-740.
“A Quality-Adjusted Price Index for Mainframe Computers,” with D. Gropper, Applied Economics, 29 (1997), pp. 1605-1610.
“Maximum Likelihood Estimation in a Model with Interval Data: A Comment and
Extension,” Journal of Applied Statistics, 23 (1996), pp. 97-104.
“A Stochastic Frontier Model for Fitting Tree Crown Shape in Loblolly Pine (Pinus
taeda),” with S. Nepal and G. Somers, Journal of Agricultural, Biological, and
Environmental Statistics, 10 (1996), pp. 336-353.
“The Effects of Charter Status on Savings and Loan Resolution Cost,” with D. Gropper and T. Stephens, Applied Economics Letters, 3 (1996), pp. 293-297.
“Winning and Ticket Allotments in College Football,” with F. Mixon, Social Science
Journal, 33 (1996), pp. 451-457.
“Certificate-of-Need Regulation and the Diffusion of New Innovations: A Random
Coefficient Model,” with J. Ford and D. Kaserman, Journal of Applied Econometrics, 10 (1995), pp. 73-78.
“Frontier Estimation and Firm-Specific Inefficiency Measures in the Presence of
Heteroscedasticity,” with J. Ford and D. Gropper, Journal of Business and Economic
Statistics, 13 (1995), pp. 105-111.
“Modeling Household Fertility Decisions: Estimation and Testing of Censored
Regression Models for Count Data,” with F. Mixon, Empirical Economics, 20 (1995),
pp. 183-196.
“A Discrete-Time Hazard Model of Lottery Adoption,” with J. Ford, F. Mixon, and T.C. Peng, Applied Economics, 27 (1995), pp. 555-561.
“Economies of Scale in State Lotteries: An Update and Statistical Test,” with S. Johnson and F. Mixon, Applied Economics Letters, 2 (1995), pp. 115-117.
“Dichotomous Choice Models and Limited Independent Variables,” (letter to the editor), The Statistician, 44 (1995).
“Special Interests and the Internment of Japanese-Americans During WWII,” with M.
Hill, The Freeman, 14 (1995), pp. 444-447.
“Predicting Net Revenues from State Supported Lotteries,” with D. Gropper and T.C.
Peng, Journal of Business Forecasting, 14 (1995), pp. 11-15.
“Cartels and the Incentive to Cheat: Evidence from the Classroom,” with F. Mixon,
Journal of Economic Education, 25 (1994), pp. 267-269.
“Estimating the Costs of Partial-Coverage Rent Controls: A Stochastic Frontier
Approach,” The Review of Economics and Statistics, 75 (1993), pp. 727-31.
“Tax Rates and Professional Tax Return Preparation: New Evidence,” with J. Long,
National Tax Journal, 46 (1993), pp. 511-17.
“Nonlinear Models for Ordered Categorical Data,” (letter to the editor), Biometrics, 49
(1993), pp. 669-670.
“Heteroscedasticity and Grouped Data Regression,” with J. Jackson, Southern
Economic Journal, 60 (1993), pp. 128-135.
“Biases in Frontier Estimation Due to Heteroscedasticity,” with J. Ford, Economics
Letters, 41 (1993), pp. 17-20.
“Modeling Regulatory Behavior: The Economic Theory of Regulation Versus
Alternative Theories and Simple Rules of Thumb,” with B. Im and D. Kaserman, Journal of Regulatory Economics, 5 (1993), pp. 251-262.
“Group Effects in Regression Models,” Rivista Internazionale di Scienze Economiche e Commerciali, 40 (1993), pp. 671-682.
“A Note on the Effects of AFDC Payments on Birthrates,” with F. Mixon, Rivista
Internazionale di Scienze Economiche e Commerciali, 40 (1993), pp. 379-384.
“A Sequential Selectivity Model of the Decisions of Arbitrators,” with S. Oswald,
Managerial and Decision Economics, 14 (1993), pp. 261-267.
“More on Grouping Coarseness in Linear Normal Regression Models,” The Journal of Econometrics, 52 (1992), pp. 407-417
“Racial Differences in Homeownership and Housing Wealth, 1970-1986,” with J.
Long, Economic Inquiry, 30 (1992), pp. 83-100.
“An Alternative to Bemmels' Method of Investigating Biases in Arbitration,” with S.
Oswald, Industrial and Labor Relations Review, 45 (1992), pp. 800-804.
“The Demand for Bolivian Tin,” with A. Bojanic, Atlantic Economic Journal, 20
(1992), pp. 88.
“Crime in the Classroom: An Economic Analysis of Undergraduate Cheating Behavior,” with D. Bunn and D. Gropper, Journal of Economic Education, 23 (1992), pp. 197-207.
“Finite Mixture Model Estimation of Multi-Product Cost Functions,” with T. R. Beard and D. Gropper, The Review of Economics and Statistics, 73 (1991), pp. 654-664.
“The Impact of Participation in Intercollegiate Athletics on Individual Income and
Graduation,” with J. Long, The Review of Economics and Statistics, 73 (1991), pp.
525-531.
“Experimental Evidence of Gender Effects in Arbitration Decisions,” with S. Oswald,
The Employee Responsibilities and Rights Journal, 4 (1991), pp. 271-281.
“Test Structure, Human Capital, and Student Performance on Economics Exams,” with D. Gropper, The Journal of Economic Education, 4 (1991), pp. 304-306.
“Econometrics in Theory and Practice,” Eastern Economic Journal, 16 (1990), pp.
249-256.
“Efficient Estimation of the Costs of Rent Controls,” with R. Ault and R. Saba, The
Review of Economics and Statistics, 71 (1989), pp. 154-159.
“Measuring Marginal Effects in Limited Dependent Variable Models,” with J. D.
Jackson, The Statistician, 38 (1989), pp. 203-206.
“Job Search Duration and Marginal Tax Rates: An Empirical Inquiry” with A. H.
Barnett and J. D. Jackson, Southern Economic Journal, 56 (1989), pp. 476-489.
“Taxation and the Redistribution of Income,” with R. Holcombe, Atlantic Economic
Journal, 17 (1989), pp. 39-42.
“Household Production and Labor Supply,” with R. Holcombe, International Journal of Manpower, 9 (1988), pp. 7-9.
“An Advantage of the Linear Probability Model Over Probit or Logit,” Oxford Bulletin of Economics and Statistics, 50 (1988), pp. 425-427.
“The Necessity of Mining Data,” Atlantic Economic Journal, 16 (1988), pp. 11-18.
“Conditions for Coefficient Stability in Input-Output Models,” with R. Holcombe, in the Review of Business and Economic Research, 23 (1988), pp. 29-37.
“Type I Errors After Preliminary Tests for Heteroscedasticity,” The Statistician, 37
(1988), pp. 65-68.
“Dichotomous Choice Models and Dummy Variables,” The Statistician, 36 (1987), pp. 381-383.
“The Usage and Benefits of Paid Tax Return Preparation,” with J. Long, National Tax
Journal, 40 (1987), pp. 35-46.
“Coefficient Bias due to Specification Search in Econometric Models,” with R.
Holcombe, Atlantic Economic Journal, 15 (1987), pp. 30-34.
“Tax Shares and Government Spending in a Median Voter Model,” with R. Holcombe, Public Choice, 46 (1985), pp. 197-205.
“Modelling the Demand for Optional Classes of Local Telephone Service,” Economic
Modelling, 2 (1985), pp. 39-51.
Chapters in Books:
“Homework, Practice, and Performance in Principles of Microeconomics,” with J. Long, forthcoming in Expanding Teaching and Learning in Economic Education, edited by F.G. Mixon, Jr., and R. Cebula.
“Hitting the Rent-Seeking Concept Out of the Park in Economics Proinciples Courses: The Case of Professional Baseball Stadiums, with D. Box, forthcoming in Expanding Teaching and Learning in Economic Education, edited by F.G. Mixon, Jr., and R. Cebula.
“Good Ideas and Bad Regressions: The Sad State of Empirical Work in Pubic Choice,” forthcoming in Essays in Honor of Leland B. Yeager, edited by Roger Koppl, Routledge.
“Cartels on Campus: The Case of the IFC and Panhellenic Council,” with S.A. Hicks,
forthcoming in Shaping the Learning Curve: Essays on Economic Education, edited by F.G. Mixon, Jr., BookSurge Publishing.
“Cross-Country Evidence on Bank Crises: Do Financial Structure and Bank
Regulation Matter?” with J. Barth, T. Hall and G. Yago, in Bank
Fragility and Regulation: Evidence from Different Countries and Different
Times. Research in Financial Services, Volume 12. Elsevier Press. 2000, pp. 3-24.
Technical Reports:
“Energy Demand and Fuel Choices in the Pulp and Paper Industry,” with W.S. Chern
and R.E. Just, Oak Ridge National Laboratory Report ORNL/CON-33, October 1978.
Book Reviews:
Models, Methods, and Applications of Econometrics, edited by P.C.B. Phillips, Southern Economic Journal, 61 (1994), pp. 539-540.
Empirical Modelling in Economics, by Clive W. J. Granger, Eastern Economic Journal 27 (2001), pp. 119-120.
Miscellany:
Invited testimonial published in Editorial: Professor Gopal Kanji’s Retirement as Editor of the Journal of Applied Statistics, 35 (2008), pp. 1-8, (p. 3).
Invited testimonial published in 25th Anniversary Edition of the Journal of Applied
Statistics, “Editorial: 25 years of Applied Statistics.” 25 (1998), pp. 3-22, (p. 7).
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