Attention Grad Alumni

In March 2008, the Department hosted a Graduate Reunion and Forum at the Bishop Center. At the one-day event, some of our former PhD students presented their recent research, while others employed by government or the private sector described their work in professional experience panels. We are planning to host a similar event on Friday, April 2, 2010, preceded by two other events you may wish to attend.

The first is the Philip E. Austin Forum on Economics and Public Policy, which will be held at 4:00 on Thursday, April 1, 2010, in the Student Union Auditorium. This is an inaugural event, which will feature a lecture on climate change policy by Harvard environmental economist Robert Stavins (see details in separate blog entry).

After the Austin Forum, at 7:00 PM on Thursday evening, the Department will hold its Annual Awards Banquet at the Bishop Center. In addition to recognizing the achievements of some of our outstanding undergraduates and graduate students, we’ll be honoring Bill Lott, who will be leaving the Department this spring after 40 years of outstanding service to the University.

We currently are looking for volunteers to present papers and participate in the professional experience panels, so please let us know if you would be interested in taking part. A brief note to Dennis.Heffley@uconn.edu will suffice. We’ll be forwarding more information by email, so if you think you may not be on our current list, or if you have recently changed your email address, please contact us.

Finally, if you would like to catch up on (and keep up with) the activities of the Department’s students, faculty members, and alumni, continue to visit the Blog. At the bottom of each page, you can scroll back to earlier entries, which also can be accessed by clicking on the links listed on the left side of this page.

We hope to see you in April!

Very best wishes,
Dennis Heffley

Mark your calendar for the inaugural Austin Forum

On Thursday, April 1, the day before the Graduate Reunion and Forum, the Department of Economics will host the first Philip E. Austin Forum on Economics and Public Policy. The purpose of the Forum is to provide an opportunity for discussion and debate about current public policy issues from an economic perspective. The Forum is funded through the Philip E. Austin Endowed Chair, which is currently held by Economics Professor Kathleen Segerson.

Given the prominence of the current debate about climate change, including the recent international climate change summit in Copenhagen, we have chosen to focus this first Austin Forum on this important and controversial issue. The featured speaker at the Forum will be Harvard environmental economist Robert Stavins, who will present a talk entitled “Climate Change Policy After Copenhagen”. Professor Stavins is the Albert Pratt Professor of Business and Government in the John F. Kennedy School of Government at Harvard University and the Director of the Harvard Environmental Economics Program. He is a world-renowned economist, who has been working on the economics of climate change and the design of “cap-and-trade” systems for decades. Professor Stavins was recently honored as a 2009 Fellow [pdf] of the Association of Environmental and Resource Economists (AERE). The award was given by Professor Segerson, who is the current President of AERE, at the annual AERE luncheon at the ASSA meetings in Atlanta . In bestowing the award, she quoted from letters of support that stated: “In my view, no other environmental economist can match Rob in the ability to work effectively with policy makers…I cannot think of another current environmental economist who straddles more effectively the academic and policy communities” and Rob “has probably done more than any other single environmental economist to bring the idea of tradable emission permits (“cap and trade”) to the attention of policy-makers as a viable alternative for the management of pollution levels.” Professor Stavins also writes a regular blog on An Economic View of the Environment.

The Austin Forum is scheduled for 4:00 PM in the Student Union Auditorium and is open to all interested members of the UConn community and the public. President Emeritus Philip Austin, Provost Peter Nicholls, and CLAS Dean Jeremy Teitelbaum plan to attend this event.

Recent PhD grad to publish in Journal of Economic Behavior and Organization

Recent graduate James Boudreau, advised by Vicki Knoblauch, will publish the paper “Stratification and Growth in Agent-Based Matching Markets” in the Journal of Economic Behavior and Organization. The relationship between economic mobility and growth has long been a focus of economists’ attention, and James’ paper contributes to that literature by emphasizing the dynamic impacts of two-sided matching.

The model economy in the paper features heterogeneous agents that compete in an intergenerational match game for employment. Agents known as workers make productivity-enhancing investments, using their endowed wealth to add to pre-existing ability levels as they compete to match with other agents known as firms. A novel feature of the model is its use of the market’s matching process as an evolutionary fitness selection mechanism. Workers that are unable to find a match drop out of the population and thus do not contribute to current or future productive capacity. Those that do match are able to pass on their attributes, but in a manner that is not fully deterministic. Because of the stochastic element to inheritance, results are arrived at by way of agent-based simulations. Even with perfect information and substantial variety in both offspring and entrants, two-sided matching inevitably causes the population to evolve into stratified groups. Corrective measures are possible to improve mobility, but by altering the path of market evolution, a policy may have unintended impacts on growth and inequality.

Phd Alumnus joins University of Reading

Anupam Nanda, 2006 PhD alumnus in Economics, has joined the faculty of Real Estate and Planning, Henley Business School at University of Reading (United Kingdom), one of the world’s leading centers for real estate education and research. His doctoral dissertation was advised by Prof. Stephen Ross, Prof. John Clapp, and Prof. Dennis Heffley. Previously, he worked with Deloitte , Market Intelligence group in Mumbai, and the Economics group of the National Association of Home Builders (NAHB) in Washington DC. His research papers have appeared in Journal of Urban Economics and The Journal of Real Estate Finance and Economics. Anupam’s research interests are in real estate economics, empirical finance as well as urban economics and local public finance. He is currently working on the minimum services mandate for the real estate brokers.

Prof. Zimmermann to speak at British Library event

Prof. Christian Zimmermann is to speak at the end of the week at a conference at the British Library in London on subject repositories. These are collections or works and research, like the DigitalCommons at the University of Connecticut, but for subjects instead of institutions. The two prime examples of subject repositories are arXiv for Physics and RePEc for Economics. Prof. Zimmermann will talk about the latter, in particular how it came to grow with very little resources.

The conference will in particular feature the official launch of a new online service for Economists, the Nereus lead EconomistOnline portal, which at this point relies heavily on data from RePEc. Prof. Zimmermann will conclude his European trip by giving further talks at the German universities of Cologne, Dortmund, Giessen and Darmstadt.

Department 16th in “blog reputation ranking”

According to a recent article in the Eastern Economic Journal, our department ranks 16th by reputation of their blogging faculty. The authors took a selection of the 85 most important economics blogs, then looked at the academic citation frequency of their regulator contributors. Prof. Richard Langlois, who regularly posts on Organizations and Markets ranks 9th by academic impact, and all by himself brings the department to a ranking of 16th. A possibly better ranking could have been in the cards if any of the blogs Prof. Christian Zimmermann contributes to had been included in the analysis: Against Monopoly, the RePEc blog and the NEP-DGE blog.

Prof. Segerson wins Publication of Enduring Quality Award

At the recent Allied Social Science Associations (ASSA) meeting in Atlanta, GA, Professor Kathy Segerson was awarded the 2009 Publication of Enduring Quality Award by the Association of Environmental and Resource Economists (AERE). This award, instituted in 1989, is given annually to the author(s) of a publication that is deemed to have had a lasting and significant impact on the field of environmental and natural resource economics. Professor Segerson received the award for her paper entitled “Uncertainty and Incentives for Nonpoint Pollution Control,” which was published in the Journal of Environmental Economics and Management in 1988. During the award ceremony, the presenter of the award noted that “Dr. Segerson’s paper was the first to incorporate the fundamental characteristics of nonpoint source pollution into a formal theoretical model to study efficient tax schemes.” This paper proposed an innovative policy approach to controlling agricultural production based on observations of ambient water quality, which some have termed the “Segerson mechanism”. In recent years, it is spawned a number of studies that have examined the incentives created by this mechanism and related ambient-based policies using economic laboratory experiments.

Department seeking to fill position in Economic Rights

The Department of Economics, in the College of Liberal Arts and Sciences and the Human Rights Institute (HRI) – at the University of Connecticut seek to fill a tenure track faculty position in Economic Rights at the Assistant Professor level beginning August 23, 2010. Duties will include teaching, research and service. The successful applicant must demonstrate: (1) the potential for research excellence in Economics and Human Rights, (2) willingness to contribute to the development of economic courses appropriate for the new human rights major, (3) the drive to actively seek external funds to support their scholarly activities and (4) ability to contribute through research, teaching, and/or public engagement to the diversity and excellence of the learning experience Teaching responsibilities on the graduate and undergraduate levels will be in both the Department of Economics and the Human Rights Institute. The successful candidate will also have the opportunity to participate in and help shape a range of interdisciplinary programs based at HRI and throughout the College of Liberal Arts and Sciences. Depending upon appointment, candidates may work at the University of Connecticut’s main campus located in Storrs, and/or the campuses at Avery Point, Hartford, Stamford, Torrington, Waterbury, and West Hartford, as well as the Health Center in Farmington.

Candidates must have completed all requirements for a Ph.D. in Economics by August 23, 2010. Equivalent foreign degrees are acceptable. Salary will be commensurate with background, qualifications, and experience.

Please submit letter of interest, CV, three letters of reference and writing sample by March 1, 2010 to: Economics-HRI Search Committee, Department of Economics, Unit 1063, University of Connecticut, 341 Mansfield Road, Storrs, CT 06269-1063 or send material as email attachment (one single pdf document) to: rosanne.fitzgerald@uconn.edu Applications will be reviewed until the position is filled. (Search # 2010231)

CLAS faculty snapshot features Prof. Segerson

Kathleen Segerson (IDEAS), has worked as an environmental economist for 25 years. She is an elected fellow of the Association of Environmental and Resource Economists and is known for developing the Segerson mechanism, a policy for rewarding or penalizing farmers as a group for their agricultural pollution runoff. She is a science advisory board member for the Environmental Protection Agency and vice chairs a committee on how to value the impact of EPA rules on ecosystems.

Listen to the podcast of this snapshot.

BA Alumnus endows fund for Honors Program

An alumni couple who felt compelled to give back to the University of Connecticut for the education they received will now make a similar difference in the lives of future honors students. Robert ’68 and Carlotta ’68 Holster have contributed more than $1 million to fund an endowment for the Honors Program.

“Building on the quality of our outstanding Honors Program is a key strategy to attract the very best and brightest students to the University of Connecticut. This wonderful gift will enable us to expand the opportunities for students to have a truly enriched experience, and will enable us to provide the quality of undergraduate education that our top students have come to expect,” says Provost Peter Nicholls.

A self-described “curious but indifferent” student when he started college, Mr. Holster was excited by the Honors Program. He credits his professors during his first year with inspiring a lifelong passion for learning and preparing him for success throughout his life.

“They were talented, engaged with their material and their students, and it was infectious,” Mr. Holster recalls. “Those freshman courses in economics, English literature and history armed me with models for thinking about things that assisted me later in the Army and in graduate school, and remain relevant to this day in business.”

After graduating from UConn with a B.A. in economics, Mr. Holster served as a lieutenant in the U.S. Army and then earned an M.B.A. from Columbia University, where he was a Samuel Bronfman fellow. He is chairman of the board and former chief executive officer of HMS Holdings Corp. HMS coordinates health care benefits between government entitlement programs (e.g., Medicaid) and the health insurance industry, working with more than 40 states and the federal government. Mr. Holster was elected to the UConn Foundation’s Board of Directors in 2009.

Read more at the University of Connecticut Foundation.