Western Illinois University: Macomb Campus
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Economics and Decision Sciences
Recent Faculty Publications
Sadler, Thomas, McIlvaine-Newsad, Heather, and Knox, Bill (eds), Local Food Networks and Activism in the Heartland, Published by Food Studies. (Book). (http://foodstudies.cgpublisher.com/product/pub.292/prod.1)
Makowsky, Michael and Sanders, Shane, "Political Costs and Fiscal Benefits: The Political Economy of Residential Property Value Assessment under Proposition 2 1/2," Economics Letters, 120 (2013): pp. 359-363.
Sadler, Thomas R., "Carbon Capture and a Commercial Market for CO2," International Advances in Economic Research, 19 (May 2013), Issue 2, pp 189-200.
Man, K., Wang, J., and Wu, C., "Price discovery in the U.S. treasury market: Automation vs. Intermediation," Management Science, forthcoming.
Sanders, Shane and Bhavneet, Walia. "Endogenous Destruction in a Model of Armed Conflict: Implications for Conflict Intensity, Welfare, and Third-party Intervention.” Journal of Public Economic Theory.Forthcoming 2013.
Weisman, Dennis; Sanders, Shane; and Moundigbaye, Mantobaye>. “An Instructional Exercise in Price Controls: Product Quality, Misallocation, and Public Policy.” Journal of Industrial Organization Education. Forthcoming 2013.
Yunker, James A. and Melkumian, Alice A. "The Opportunity Cost of Sub-Optimal Diversification," Journal of Accounting and Finance Research, November 2012, Vol 1, Issue 2.
Potter, Joel and Shane Sanders. “Do Economists Recognize an Opportunity Cost When They See One? A Dismal Performance or an Arbitrary Concept?”Southern Economic Journal. October 2012.
Walia, Bhavneet and Shane Sanders. “Shirking and ‘Choking’ under Incentive-based Pressure: A Behavioral Economic Theory of Performance Production.” Economics Letters. September 2012.
Melkumian, Alice A. "The Opportunity Cost of Holding a "Naive" Portfolio," The Journal of Economics, 2012, Vol 38, N1, pp 23-42.
Fosu, Joseph. "Sub-Saharan Africa: The Challenge of Integrating into the Global Trading System," Perspectives on Global Development and Technology, 2011, Volume 10, Number 1, pp. 115-126.
Man, K.S., "Extended fractional Gaussian noise and simple ARFIMA approximations," Journal of Time Series Econometrics, 2010, Vol. 2: Iss. 1, article 7.
Man, K.S. and Wu, C., "Empirical analysis and forecasting of volatility dynamics in high frequency returns with time-varying components," Journal of Forecasting, 2010, vol. 29, 595-616.
Yunker, James A. and Melkumian, Alice A. "The Effect of Capital Wealth on Optimal Diversification: Evidence from the Survey of Consumer Finances," Quarterly Review of Economics and Finance, 50(1): 90-98, February 2010.
Melkumian, Alice A. "The Cost of a Short-selling Constraint – Welfare Implications for Investors under Uncertainty," Applied Economics Letters, 17(9): 849-860, June 2010.
Man, K.S. and Tiao, G.C., "ARFIMA approximation and forecasting of the limiting aggregate structure of long memory process," Journal of Forecasting, 2009, vol. 28, 89-101.
Man, K. and Chen, C., "On a stepwise hypotheses testing procedure and information criterion in identifying dynamic relations between time series," Journal of Data Science, 2009, vol. 7, no.2, 139-159.
Melkumian, Alice A. and Melkumian, Arsen V. "Is More Always Better? – Empirical Evidence on Optimal Portfolio Size," Eastern Economic Journal, 35(1): 84-95, Winter 2009.
Melkumian, Alice A. Opportunity Cost of Constrained Portfolio Strategies - Theory, Method, Evidence. Berlin: VDM Verlag, 2008. ( Book ).
Sadler, Thomas R. "A Damage Based Tax Mechanism for Regulation of Hazardous Waste," Journal of Economics, 2007, 23, 83 – 94.
Tomer, John F and Sadler, Thomas R.; “Why We Need a Commitment Approach to Environmental Policy,” Ecological Economics, 2007, 62, 627 – 636.
Sadler, Thomas R. "Contemporary Environmental Policy: The Need for an Economics and Management Approach," Journal of Interdisciplinary Economics, 2006, 17, 351 – 377.
Melkumian, Alice A. "The Opportunity Cost of Being Constrained by the Type of Assets: Bonds Only or Stocks Only," Journal of Applied Economics, 9(2): 325-343, November 2006.
Melkumian, Alice A. "The Opportunity Cost of Being Constrained by the Mean-Variance Framework", Journal of Financial and Economic Practice, 6(1): 21-41, Fall 2005.