R. Mark Isaac
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R. Mark Isaac is an American academic who uses experimental economics to address basic microeconomic problems. His work has provided new empirical insights for many traditional economic problems, particularly cooperation and collective action problems.
His publications[1] include collaborations with Nobel Prize winner Vernon Smith addressing experimental conditions for trading[2], with Charles Plott addressing cooperation, pricing and trade,[3], with Robert E. Forsythe addressing auctions,[4] and with the philosopher David Schmidtz addressing public goods.[5] He serves as John & Hallie Quinn Eminent Scholar in the Department of Economics at Florida State University, where he is a key faculty member affiliated with the Florida State University Experimental Social Science Lab and is also a Courtesy Professor of Law. He is the editor of the Research in Experimental Economics book series, on the board of editors of the journal Experimental Economics[6], and treasurer of the Economic Science Association.[7] Previously, he served as Chair of the Economics Department at the University of Arizona.
[edit] Publications
Books
The Allocation of Scarce Resources: Experimental Economics and the Problem of Allocating Airport Slots, co-authored with David Grether and Charles Plott. (Boulder, Co.: Westview Press, 1989).
Current editor of Research in Experimental Economics for JAI Press, Inc.: Volume 4 (1991), Volume 5 (1993), Volume 6 (1996), Volumes 7 (1999), Volume 8 (2001), and Volume 9 (2002).
Published Articles and Chapters
"Cooperative Game Models of the Influence of the Closed Rule in Three Person, Majority-Rule Committees: Theory and Experiment," (with Charles Plott) in Game Theory and Politics, Peter Ordeshook, ed., (New York: NYU Press, 1978).
"The Inherent Disadvantage of the Presidential Party in Midterm-Congressional Elections," (with Randall Calvert). Public Choice 36, No. 1 141-146.
"Price Controls and the Behavior of Auction Markets: An Experimental Examination," (with Charles Plott). American Economic Review 71, No.3:-448-459, June 1981.
"The Opportunity for Conspiracy in Restraint of Trade: An Experimental Study," (with Charles Plott). Journal of Economic Behavior and Organization 2: 1-30.
"Petroleum Price Controls When Information is a Joint Product," Land Economics 56, No. 2: 181-187, May 1980.
"Fuel Cost Adjustment Mechanisms and the Regulated Utility Facing Uncertain Fuel Prices." Bell Journal of Economics 13, Spring 1982.
"The Allocation of Landing Rights by Unanimity Among Competitors," (with David Grether and Charles Plott). American Economic Review: Papers and Proceedings, May 1981.
"Demand Revealing Mechanisms for Private Good Auctions," (with Robert Forsythe). In Research in Experimental Economics, Vol. II., Vernon L. Smith, ed. (Greenwich, Conn: JAI Press, Inc., 1982).
"Public Goods Provision in an Experimental Environment," (with Kenneth McCue and Charles Plott). Journal of Public Economics 26, 1985.
"Natural Monopoly and Contested Markets: Some Experimental Results," (with Don Coursey and Vernon Smith). Journal of Law and Economics, April 1984.
"Divergent Expectations on Free Riding: An Experimental Examination of Possible Explanations," (with James Walker and Susan Thomas). Public Choice 43, 1984.
"The Effects of Market Organization on Conspiracies in Restraint of Trade," (with Valerie Ramey and Arlington Williams). Journal of Economic Behavior and Organization, June 1984.
"Market Contestabiltiy in the Presence of (Sunk) Entry Costs," (with Don Coursey, Margaret Luke, and Vernon Smith). RAND Journal of Economics, Spring 1984.
"Laboratory Experimental Economics as a Tool in Public Policy Analysis," Social Science Journal, July 1983.
"OCS Leasing and Auctions: Incentives and the Performance of Alternative Bidding Institutions," (with James Cox and Vernon Smith). Supreme Court Economic Review 2:43-87.
"In Search of the Winner's Curse," (with James Cox). Economic Inquiry 22: 579-592.
"In Search of Predatory Pricing," (with Vernon Smith). Journal of Political Economy 93: 320-345, April 1985.
"Information and Conspiracy in Sealed-Bid Auctions," (with James Walker). Journal of Economic Behavior and Organization 6: 139-159, 1985.
"In Search of the Winner's Curse: Reply," (with James Cox). Economic Inquiry 24: 517-520.
"Incentive Regulation: A Case Study in the Use of Laboratory Experiments," (with James Cox). In Laboratory Market Research, Shane Moriarity, ed. (Norman, OK.: Univ. of Oklahoma Center for Economic and Management Research, 1986).
"Innovation and Property Rights in Information: An Experimental Approach to Testing Hypotheses About R&D Behavior," (with Stanley Reynolds), in Gary Libecap, ed., Advances in the Study of Entrepreneurship, Innovation and Economic Growth Vol I. (Greenwich, Conn.: JAI Press, 1986).
"Remnants of Regulation." in Gary Libecap, ed., Advances in the Study of Entrepreneurship, Innovation, and Economic Growth Vol. II. (Greenwich, Conn.: JAI Press, 1988).
"Experimental Economics and Experimental Psychology: Ever the Twain Shall Meet?" (with James Cox), in A.J. and H.W. MacFadyen (eds.) Economic Psychology: Intersection in Theory and Application (Amsterdam: North Holland, 1986).
"Cooperative Institutions for Information Sharing in the Oil Industry." Journal of Environmental Economics and Management 14,1987.
"The Value of Information in Resource Exploration: The Interaction of Strategic Plays and Institutional Rules." Journal of Environmental Economics and Management 14, 1987.
"Mechanisms for Incentive Regulation: Theory and Experiment," (with James C. Cox). RAND Journal of Economics, Autumn 1987.
"Group Size Hypotheses of Public Goods Provision: An Experimental Examination" (with James M. Walker). Quarterly Journal of Economics 103: 179-199 (1988).
"Appropriability and Market Structure in a Stochastic Invention Model," (with Stanley S. Reynolds). Quarterly Journal of Economics 103:647-672 (1988).
"Communication and Free Riding Behavior: The Voluntary Contributions Mechanism," (with James M. Walker). Economic Inquiry 26: October 1988.
"The Assurance Problem in a Laboratory Market" (with James M. Walker and David Schmidtz). Public Choice 62:217-236, 1989.
"On the Suboptimality of Public Goods Provision: Further Experimental Evidence," (with James M. Walker). In Research in Experimental Economics, Vol. 4, R. Mark Isaac, ed. (Greenwich, Conn: JAI Press, Inc., 1991).
"Theories and Tests of Blind Bidding in Sealed Bid Auctions," (with Robert Forsythe and Thomas Palfrey). RAND Journal of Economics, Summer 1989.
"Costly Communication: An Experiment in a Nested Public Goods Problem," (with James M. Walker), in Contemporary Laboratory Research in Political Economy, Thomas Palfrey, ed., (Ann Arbor: Univ. of Michigan Press, 1991).
"Schumpeterian Competition in Experimental Markets," (with Stanley Reynolds). Journal of Economic Behavior and Organization 17:59-100 (1992).
"Managing J. Pierrepont Finch: Should He Be Given a PC?" (with David Pingry). Information and Management 21:269-277. (1991)
"Price Cap Regulation: A Case Study of Some Pitfalls of Implementation." Journal of Regulatory Economics.3:193-210 (June, 1991).
"Incentive Regulation and Innovation," (with James C. Cox) in Research in Experimental Economics, Volume 5, R. M. Isaac, ed., (Greenwich, Conn.: JAI Press, Inc., 1993)
"Institutional Framing and Perceptions of Fairness," (with Deborah Mathieu and Edward E. Zajac). Constitutional Political Economy 2: 329-370 (1991).
"An Experimental Investigation of the Hahn-Noll Revenue Neutral Auction for Emissions Licenses," (with Robert Franciosi, David Pingry, and Stanley Reynolds). Journal of Environmental Economics and Management 24:1-24 (1993).
"Group Size and the Voluntary Provision of Public Goods: Experimental Evidence Utilizing Very Large Groups," (with James M Walker and Arlington Williams), Journal of Public Economics 54:1-36 (1994).
"Stochastic Innovation and Product Market Organization," (with Stanley Reynolds) Economic Theory 2:525-545 (1992).
"Heterogeneous Demand for Public Goods: Effects on the Voluntary Contributions Mechanism," (with Joseph Fisher, Jefffrey Schatzberg, and James M. Walker), Public Choice 85:249-266 (1995).
"Vernon Smith, An Appreciation," American Economists of the Late Twentieth Century, Warren J. Samuels, ed. (Edward Elgar, 1996).
"Moral Hazard and Adverse Selection in Procurement Contracting," (with James C. Cox, Paula-Ann Cech, and David Conn). Games and Economic Behavior 17: 147-176 (1996).
"The Scope for Laboratory Experiments In Research on Marketable Pollution Permits," in Designing Institutions for Environmental and Resource Management, E.T. Loehman and D.M. Kilgour, eds.. (Cheltenham: Edward Elgar, 1998).
"Asymmetric Benefits in the Voluntary Contributions Mechanism," (with Dean Packard and Joe Bial). Research in Experimental Economics, Volume 8, JAI PRess, 2001.
"Experiments with the Pivot Process for Providing Public Goods," (with Greg Attiyeh and Robert Franciosi). Public Choice 102:95-114, 2000.
"Absolute and Relative Rewards for Individuals in Team Production," (with David Dickinson), forthcoming in Managerial and Decision Economics.
"Nash as an Organizing Principle in the Voluntary Provision of Public Goods: Experimental Evidence," (with James M. Walker), Experimental Economics, v.1, No.3, 1999.
"Experimental Research on the EPA's 'Two Tier' System for Marketable Emissions Permits," (with Robert Franciosi and Stanley S. Reynolds) in C. Holt and R.M. Isaac, eds., Research In Experimental Economics Vol.7 (Greenwich, Conn.: JAI Press, Inc., 1999).
"Procurement Contracting," (with James C. Cox). Forthcoming in a new handbook on experimental economics, Charles Plott and Vernon L. Smith, eds..
"Experiments in Decentralized Monopoly Restraint," (with James C. Cox). Forthcoming in a new handbook on experimental economics, Charles Plott and Vernon L. Smith, eds..
"Just Who Are You Calling Risk Averse?" (with Duncan James). Journal of Risk and Uncertainty 20,2: 177-187, 2000.
"Asset Market Efficiency: The Effects of Tournament Incentives for Individuals," (with Duncan James). American Economic Review 90: 995-1004, 2000.
"Robustness of the Incentive Compatible Combinatorial Auction." (with Duncan James). Experimental Economics 3 (31-53), 2000.
"Experimental Economics Methods in the Large Undergraduate Classroom: Practical Considerations," (with James Walker and Arlington Williams) in Research in Experimental Economics, Vol. 8 (Amsterdam: JAI-Elsevier, 2001).
"Two or Four Firms: Does It Matter," (with Stanley Reynolds) in C. Holt and R.M. Isaac, eds., Research in Experimental Economics, Vol. 9 (Amsterdam: JAI-Elsevier, 2002).
"Boundaries of the Tournament Pricing Effect in Asset Markets: Evidence From Experimental Markets," (with Duncan James).Southern Economic Journal 69: 936-951, 2003.
"Games: Voluntary Contributions" in The Encyclopedia of Cognitive Science, Macmillan, 2002.
"A Theory of Jump Bidding in Ascending Autions," (with Tim Salmon and Arthur Zillante) Journal of Economic Behavior and Organization.
"Silent Auctions in the Field and in the Laboratory" (with Kurt Schnier).Economic Inquiry, 2005
"An Experimental Test of Alternative Models of Bidding in Ascending Auctions," (with Tim Salmon and Artie Zillante). International Journal of Game Theory 33:287-313, 2005.
"Revenue from the Saints, the Showoffs and the Predators: Comparisons of Auctions with Price-Preference Auctions," (with Timothy C. Salmon) in R. Mark Isaac and Douglas D. Davis, eds., Research in Experimental Economics, Vol. 11: Experiments Investigating Fundraising and Charitable Contributors", (Amsterdam: Elsevier 2006)
"Seald Bid Variations on the Silent Auction" (with Kurt Schnier), in R. Mark Isaac and Douglas D. Davis, eds., Research in Experimental Economics, Vol. 11: Experiments Investigating Fundraising and Charitable Contributors", (Amsterdam: Elsevier 2006)
[edit] Notes and references
- ^ Mark Isaac's publication's list
- ^ "Natural Monopoly and Contested Markets: Some Experimental Results," (with Don Coursey and Vernon Smith). Journal of Law and Economics, April 1984; "Market Contestabiltiy in the Presence of (Sunk) Entry Costs," (with Don Coursey, Margaret Luke, and Vernon Smith). RAND Journal of Economics, Spring 19884; "OCS Leasing and Auctions: Incentives and the Performance of Alternative Bidding Institutions," (with James Cox and Vernon Smith). Supreme Court Economic Review 2:43-87. "In Search of Predatory Pricing," (with Vernon Smith). Journal of Political Economy 93: 320-345, April 1985.
- ^ "Cooperative Game Models of the Influence of the Closed Rule in Three Person, Majority-Rule Committees: Theory and Experiment," (with Charles Plott) in Game Theory and Politics, Peter Ordeshook, ed., (New York: NYU Press, 1978); "Price Controls and the Behavior of Auction Markets: An Experimental Examination," (with Charles Plott). American Economic Review 71, No.3:-448-459, June 1981; "The Opportunity for Conspiracy in Restraint of Trade: An Experimental Study," (with Charles Plott). Journal of Economic Behavior and Organization 2: 1-30.
- ^ "Theories and Tests of Blind Bidding in Sealed Bid Auctions," (with Robert Forsythe and Thomas Palfrey). RAND Journal of Economics, Summer 1989.
- ^ "The Assurance Problem in a Laboratory Market" (with James M. Walker and David Schmidtz). Public Choice 62:217-236, 1989.
- ^ Experimental Economics Editorial Board.
- ^ Economic Science Association Executive Leadership
