Details about Sherrill Shaffer

E-mail:
Homepage:	http://uwadmnweb.uwyo.edu/econfinance/Shaffer/home_page.htm
Workplace:	Department of Economics and Finance, College of Business, University of Wyoming, (more information at EDIRC)

Access statistics for papers by Sherrill Shaffer.

Last updated 2013-06-04. Update your information in the RePEc Author Service.

Short-id: psh141

---

Jump to Journal Articles

Working Papers

2012

1. Bank Failure Risk: Different Now?
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (2)
   See also Journal Article in Economics Letters (2012)
2. Coerced Reciprocal Dealing and the Leverage Theory
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
3. Forecasting Bank Leverage
   Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2012)
   Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney (2012)
4. Information immobility, industry concentration, and institutional investors’ performance
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
5. Reciprocal Deposits and Incremental Bank Risk
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
6. Time Compression
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   Also in MPRA Paper, University Library of Munich, Germany (2010)

2011

7. Auction Prices, Market Share, and a Common Agent
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
   See also Journal Article in Journal of Economic Behavior & Organization (2012)

2010

8. Bank Window Dressing: A Re-Assessment and a Puzzle
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
9. Common agency: Conspiracy of conscious parallelism? Indirect evidence from a repeated English auction
   2010 Annual Meeting, July 25-27, 2010, Denver, Colorado, Agricultural and Applied Economics Association
10. Market Efficiency Test in the VIX Futures Market
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
11. RECIPROCAL BROKERED DEPOSITS AND BANK RISK
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
    See also Journal Article in Economics Letters (2012)
12. Unilateral and Exclusionary/Strategic Effects of Common Agency: Price Impacts in a Repeated Common Value English Auction
    2010 Annual Meeting, February 6-9, 2010, Orlando, Florida, Southern Agricultural Economics Association

2009

13. Assessing Competition with the Panzar-Rosse Model: The Role of Scale, Costs, and Equilibrium
    DNB Working Papers, Netherlands Central Bank, Research Department View citations (5)
    Also in Working Papers, Utrecht School of Economics (2009) View citations (3)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2009) View citations (1)
    See also Journal Article in The Review of Economics and Statistics (2012)
14. MARKET REACTION TO THE ANNOUNCEMENT OF A MALE-TO-FEMALE CEO TURNOVER
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
15. New small firms and dimensions of economic performance
    Research Discussion Papers, Bank of Finland
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2008)
16. STATISTICAL OPACITY IN THE U.S. BANKING INDUSTRY
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

2008

17. EARNINGS VALUATION AND SOURCES OF GROWTH
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
18. FINANCIAL PERFORMANCE OF SMALL BUSINESS LOANS: INDIRECT EVIDENCE
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
19. RELATED CONTESTS: A GENERAL PARAMETERIZATION
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
    See also Journal Article in Economics Letters (2009)
20. RURAL ECONOMIC PERFORMANCE AND FEDERAL CREDIT PROGRAMS
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
21. STRATEGIC RISK AVERSION
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
    See also Journal Article in Applied Financial Economics (2011)

2007

22. Alternative investments: the case of wine
    Working Papers, American Association of Wine Economists View citations (1)

2002

23. BANK MARKET STRUCTURE AND LOCAL EMPLOYMENT GROWTH
    Technical Bulletins, United States Department of Agriculture, Economic Research Service

2000

24. LOCAL BANK OFFICE OWNERSHIP, DEPOSIT CONTROL, MARKET STRUCTURE, AND ECONOMIC GROWTH
    Technical Bulletins, United States Department of Agriculture, Economic Research Service View citations (4)
    See also Journal Article in Journal of Banking & Finance (2003)

1998

25. Credit union policies and performance in Latin America
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (1997)
    See also Journal Article in Journal of Banking & Finance (1999)

1997

26. Functional forms and declining average costs
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    See also Journal Article in Journal of Financial Services Research (1998)
27. Network diseconomies and optimal structure
    Working Papers, Federal Reserve Bank of Philadelphia
28. Políticas de las asociaciones de crédito y el desempeño en América Latina
    Research Department Publications, Inter-American Development Bank, Research Department
29. The winner's curse in banking
    Working Papers, Federal Reserve Bank of Philadelphia
    See also Journal Article in Journal of Financial Intermediation (1998)

1996

30. Capital requirements and rational discount window borrowing
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    See also Journal Article in Journal of Money, Credit and Banking (1998)
31. The translog form and declining average costs
    Working Papers, Federal Reserve Bank of Philadelphia

1995

32. Structural screens in stochastic markets
    Working Papers, Federal Reserve Bank of Philadelphia
33. The discount window and credit availability
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    See also Journal Article in Journal of Banking & Finance (1999)
34. Translog bias under declining average costs
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)

1994

35. Chaos, taxes, stabilization, and turnover
    Working Papers, Federal Reserve Bank of Philadelphia
36. Evidence of monopoly power among credit card banks
    Working Papers, Federal Reserve Bank of Philadelphia View citations (7)
37. Market conduct and aggregate excess capacity in banking: a cross- country comparison
    Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
38. Viability of traditional banking activities: evidence from shifts in conduct and excess capacity
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    See also Journal Article in International Journal of the Economics of Business (1996)

1993

39. Market conduct and excess capacity in banking: a cross-country comparison
    Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
40. Stable cartels with a Cournot fringe
    Working Papers, Federal Reserve Bank of Philadelphia View citations (11)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1990)

1992

41. A note on antitrust in a stochastic market
    Working Papers, Federal Reserve Bank of Philadelphia
42. A revenue-restricted cost study of 100 large banks
    Working Papers, Federal Reserve Bank of Philadelphia
    Also in Research Paper, Federal Reserve Bank of New York (1988) View citations (11)
43. Optimal linear taxation of polluting firms
    Working Papers, Federal Reserve Bank of Philadelphia
44. Structure, conduct, performance, and welfare
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)

1991

45. Conduct in a banking duopoly
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    See also Journal Article in Journal of Banking & Finance (1994)
46. Efficient two-part tariffs with uncertainty and interdependent demand
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
47. Forecast announcements and locally persistent bias
    Working Papers, Federal Reserve Bank of Philadelphia
48. Optimal acceptance policies for journals
    Working Papers, Federal Reserve Bank of Philadelphia
49. Potential merger synergies among large commercial banks
    Working Papers, Federal Reserve Bank of Philadelphia

1990

50. A test of competition in Canadian banking
    Working Papers, Federal Reserve Bank of Philadelphia
    See also Journal Article in Journal of Money, Credit and Banking (1993)
51. Aggregate deposit insurance funding and taxpayer bailouts
    Working Papers, Federal Reserve Bank of Philadelphia
    See also Journal Article in Journal of Banking & Finance (1991)
52. Regulation and endogenous contestability
    Working Papers, Federal Reserve Bank of Philadelphia

1989

53. Cournot oligopoly with external costs
    Working Papers, Federal Reserve Bank of Philadelphia
54. Immunizing options against changes in volatility
    Working Papers, Federal Reserve Bank of Philadelphia
55. Investing in conflict
    Working Papers, Federal Reserve Bank of Philadelphia
56. Pooling intensifies joint failure risk
    Working Papers, Federal Reserve Bank of Philadelphia View citations (6)
57. Regulatory distortion of competition
    Working Papers, Federal Reserve Bank of Philadelphia
58. Transaction costs and option configuration
    Working Papers, Federal Reserve Bank of Philadelphia

1988

59. Can the end user improve an econometric forecast?
    Working Papers, Federal Reserve Bank of Philadelphia
60. Contestable two-part tariffs with income effects
    Working Papers, Federal Reserve Bank of Philadelphia
61. Structural shifts and the volatility of chaotic markets
    Working Papers, Federal Reserve Bank of Philadelphia
    See also Journal Article in Journal of Economic Behavior & Organization (1991)
62. The impact of capital requirements on the securitization decision
    Research Paper, Federal Reserve Bank of New York

1987

63. Alternative regulatory instruments
    Research Paper, Federal Reserve Bank of New York
64. Nonparametric estimation of market boundaries and competition: an application to the banking industry in Wyoming
    Research Paper, Federal Reserve Bank of New York

1986

65. Economies of superscale and interstate expansion
    Research Paper, Federal Reserve Bank of New York View citations (2)

1983

66. Strategic Middlemen and the Neutralization of Monopoly Power
    Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Journal Articles

2012

1. Assessing Competition with the Panzar-Rosse Model: The Role of Scale, Costs, and Equilibrium
   The Review of Economics and Statistics, 2012, 94, (4), 1025-1044
   See also Working Paper (2009)
2. Auction prices, market share, and a common agent
   Journal of Economic Behavior & Organization, 2012, 81, (1), 61-73
   See also Working Paper (2011)
3. Bank failure risk: Different now?
   Economics Letters, 2012, 116, (3), 613-616 View citations (3)
   See also Working Paper (2012)
4. External economies in banking
   Journal of Financial Economic Policy, 2012, 4, (4), 354-365
5. Reciprocal brokered deposits and bank risk
   Economics Letters, 2012, 117, (2), 383-385
   See also Working Paper (2010)

2011

6. Forecasting bank failures: timeliness versus number of failures
   Applied Economics Letters, 2011, 18, (16), 1549-1552
7. Strategic risk aversion
   Applied Financial Economics, 2011, 21, (13), 949-956
   See also Working Paper (2008)

2009

8. Banking structure and employment growth
   Applied Economics, 2009, 41, (19), 2403-2417 View citations (1)
9. Industrial structure and economic stability
   Applied Economics Letters, 2009, 16, (6), 549-555
10. Repeated contests: A general parameterization
    Economics Letters, 2009, 105, (2), 159-161
    See also Working Paper (2008)

2008

11. Endogenous screening, credit crunches, and competition in laxity
    Review of Financial Economics, 2008, 17, (4), 296-314 View citations (1)
12. Value-neutral tradeoffs between failure risk and growth
    Applied Financial Economics Letters, 2008, 4, (3), 217-219

2007

13. A reassessment of market power among credit card banks
    Applied Financial Economics, 2007, 17, (9), 755-767 View citations (1)
14. Aggregate concentration and the cost of systemic risk
    Applied Economics Letters, 2007, 14, (6), 425-428
15. Equity duration and convexity when firms can fail or stagnate
    Finance Research Letters, 2007, 4, (4), 233-241
16. Improving the accuracy of forward exchange rate forecasts by correcting for prior bias
    Applied Financial Economics, 2007, 17, (18), 1469-1478

2006

17. Contests with interdependent preferences
    Applied Economics Letters, 2006, 13, (13), 877-880 View citations (2)
18. Establishment Size and Local Employment Growth
    Small Business Economics, 2006, 26, (5), 439-454 View citations (6)
19. Establishment Size by Sector and County-Level Economic Growth
    Small Business Economics, 2006, 26, (2), 145-154 View citations (9)
20. Substitutes versus complements among credit risk management tools
    Applied Financial Economics, 2006, 16, (14), 1007-1017
21. War, labor tournaments, and contest payoffs
    Economics Letters, 2006, 92, (2), 250-255 View citations (3)

2005

22. Bank efficiency ratios in Latin America
    Applied Economics Letters, 2005, 12, (9), 529-532 View citations (1)

2004

23. Comment on "What Drives Bank Competition? Some International Evidence" by Stijn Claessens and Luc Laeven
    Journal of Money, Credit and Banking, 2004, 36, (3), 585-92 View citations (23)
24. Licensing Requirements as a Coordination Mechanism for Entry
    Review of Industrial Organization, 2004, 24, (3), 285-299 View citations (1)
25. Patterns of competition in banking
    Journal of Economics and Business, 2004, 56, (4), 287-313 View citations (36)
26. The Financial and Operational Impacts of FERC Order 636 on the Interstate Natural Gas Pipeline Industry
    Journal of Regulatory Economics, 2004, 25, (3), 243-270 View citations (2)

2003

27. Local bank office ownership, deposit control, market structure, and economic growth
    Journal of Banking & Finance, 2003, 27, (1), 27-57 View citations (16)
    See also Working Paper (2000)
28. Using prior bias to improve forecast accuracy
    Applied Economics Letters, 2003, 10, (8), 459-461 View citations (1)

2002

29. Competitive bank pricing and adverse selection, with implications for testing the SCP hypothesis
    The Quarterly Review of Economics and Finance, 2002, 42, (3), 633-647 View citations (4)
30. Conduct in a Banking Monopoly
    Review of Industrial Organization, 2002, 20, (3), 221-238 View citations (6)
31. Cost efficiency among credit card banks
    Journal of Economics and Business, 2002, 54, (6), 595-614 View citations (4)
32. Firm size and economic growth
    Economics Letters, 2002, 76, (2), 195-203 View citations (9)
33. Ownership structure and market conduct among Swiss banks
    Applied Economics, 2002, 34, (16), 1999-2009 View citations (2)
34. Structure-pricing linkages among singlemarket banks, controlling for credit quality
    Applied Economics Letters, 2002, 9, (10), 653-656

2001

35. Banking conduct before the European single banking license: a cross-country comparison
    The North American Journal of Economics and Finance, 2001, 12, (1), 79-104 View citations (11)
36. Deregulation: theory and practice
    Journal of Economics and Business, 2001, 53, (2-3), 107-109
37. Investors preferences and dividend payouts
    Applied Economics Letters, 2001, 8, (7), 489-491
38. Structural regulation of polluting oligopoly
    Atlantic Economic Journal, 2001, 29, (1), 117-117 View citations (1)

2000

39. Correlation Tests for Competitive and Cournot Equilibria
    Review of Industrial Organization, 2000, 16, (3), 313-318

1999

40. Adverse selection, market structure, and competitive pricing in bank lending
    Proceedings, 1999, (May), 363-375 View citations (1)
41. Credit union policies and performance in Latin America
    Journal of Banking & Finance, 1999, 23, (9), 1303-1329 View citations (9)
    See also Working Paper (1998)
42. The Competitive Impact of Disclosure Requirements in the Credit Card Industry
    Journal of Regulatory Economics, 1999, 15, (2), 183-98 View citations (15)
43. The discount window and credit availability
    Journal of Banking & Finance, 1999, 23, (9), 1383-1406 View citations (1)
    See also Working Paper (1995)

1998

44. Capital Requirements and Rational Discount-Window Borrowing
    Journal of Money, Credit and Banking, 1998, 30, (4), 849-63
    See also Working Paper (1996)
45. Functional Forms and Declining Average Costs
    Journal of Financial Services Research, 1998, 14, (2), 91-115 View citations (8)
    See also Working Paper (1997)
46. Market Share Quotas and Community Reinvestment
    Journal of Regulatory Economics, 1998, 14, (1), 75-78
47. The Winner's Curse in Banking
    Journal of Financial Intermediation, 1998, 7, (4), 359-392 View citations (54)
    See also Working Paper (1997)

1997

48. Deposit Insurance Pricing: The Hidden Burden of Premium Rate Volatility
    Cato Journal, 1997, 17, (1), 81-90

1996

49. Evidence of Discrimination in Lending: An Extension
    Journal of Finance, 1996, 51, (4), 1551-54 View citations (5)
50. Viability of Traditional Banking Activities: Evidence from Shifts in Conduct and Excess Capacity
    International Journal of the Economics of Business, 1996, 3, (2), 125-143 View citations (4)
    See also Working Paper (1994)

1995

51. Optimal Linear Taxation of Polluting Oligopolists
    Journal of Regulatory Economics, 1995, 7, (1), 85-100 View citations (9)
52. Rethinking disclosure requirements
    Business Review, 1995, (May), 15-29

1994

53. Bank competition in concentrated markets
    Business Review, 1994, (Mar), 3-16 View citations (16)
54. Conduct in a banking duopoly
    Journal of Banking & Finance, 1994, 18, (6), 1063-1082 View citations (49)
    See also Working Paper (1991)
55. Inferring viability of the U.S. banking industry from shifts in conduct and excess capacity
    Proceedings, 1994, (May), 130-144
56. Market Value Accounting: A Guide for Safe and Sound Banking?
    Cato Journal, 1994, 13, (3), 387-412

1993

57. A Test of Competition in Canadian Banking
    Journal of Money, Credit and Banking, 1993, 25, (1), 49-61 View citations (108)
    See also Working Paper (1990)
58. Can megamergers improve bank efficiency?
    Journal of Banking & Finance, 1993, 17, (2-3), 423-436 View citations (43)

1992

59. Marking banks to market
    Business Review, 1992, (Jul), 13-22 View citations (1)

1991

60. Aggregate deposit insurance funding and taxpayer bailouts
    Journal of Banking & Finance, 1991, 15, (4-5), 1019-1037 View citations (3)
    See also Working Paper (1990)
61. Interest rate risk: what's a bank to do?
    Business Review, 1991, (May), 17-27
62. Structural shifts and the volatility of chaotic markets
    Journal of Economic Behavior & Organization, 1991, 15, (2), 201-214
    See also Working Paper (1988)
63. The impact of premium rates and rebates on the solvency of the FDIC Reserve Fund: an empirical approach
    Proceedings, 1991, 466-485

1990

64. Abatement vs. cleanup: Where less is more
    Economics Letters, 1990, 32, (4), 359-363
65. Consistent linkages across markets
    Economics Letters, 1990, 32, (3), 199-204
66. Regulatory Compliance with Nonlinear Penalties
    Journal of Regulatory Economics, 1990, 2, (1), 99-103 View citations (7)

1989

67. A First-Best Regulatory Tax for Oligopoly
    Journal of Regulatory Economics, 1989, 1, (4), 373-89 View citations (3)
68. Challenges to small banks' survival
    Business Review, 1989, (Sep), 15-27 View citations (3)
69. Competition in the U.S. banking industry
    Economics Letters, 1989, 29, (4), 321-323 View citations (52)
70. Optimal regulation of a consistent conjectures duopoly
    Economics Letters, 1989, 31, (1), 87-89
71. Pooling intensifies joint failure risk: abstract
    Proceedings, 1989, 424-431 View citations (1)
72. Predatory entrapment
    Economics Letters, 1989, 29, (1), 83-86
73. Structuring an option to facilitate replication with transaction costs
    Economics Letters, 1989, 31, (2), 183-187
74. Volatility-invariant hedging
    Economics Letters, 1989, 29, (3), 249-251

1988

75. Regulatory Control over Quantity Risk
    Australian Economic Papers, 1988, 27, (51), 247-52

1987

76. Two-Part Tariffs in a Contestable Natural Monopoly
    Economica, 1987, 54, (215), 315-16 View citations (5)

1986

77. An Alternative Theory of Upward Sloping Age-Earnings Profiles
    Australian Economic Papers, 1986, 25, (46), 118-21
78. Capitalization, off-balance sheet liabilities and the cost of bank failures
    Proceedings, 1986, 64-85
79. Does Competition Imply Frequent Rank Turnover?
    Scandinavian Journal of Economics, 1986, 88, (3), 511-27 View citations (2)
80. Small Firm Expansion and Demand Uncertainty
    Scottish Journal of Political Economy, 1986, 33, (2), 182-87

1985

81. Price Leadership without Collusion
    Australian Economic Papers, 1985, 24, (44), 210-13

1984

82. Chaos, Naivete, and consistent conjectures
    Economics Letters, 1984, 14, (2-3), 155-162
83. Consistent conjectures in utility-maximizing firms with constant marginal cost
    Economics Letters, 1984, 15, (1-2), 133-137
84. Cross-Subsidization in Checking Accounts: A Note
    Journal of Money, Credit and Banking, 1984, 16, (1), 100-109 View citations (1)
85. Firm size and the incentive to differentiate
    Economics Letters, 1984, 14, (1), 81-85
86. Production and Contingent Contracts: Comment
    Journal of Post Keynesian Economics, 1984, 6, (4), 634-636
87. Regulation and Risk Preferences
    Journal of Industrial Economics, 1984, 32, (3), 349-57
88. Scale Economies in Multiproduct Firms
    Bulletin of Economic Research, 1984, 36, (1), 51-58 View citations (1)

1983

89. Market power and output stability
    Economics Letters, 1983, 13, (1), 77-80
90. Non-structural measures of competition: Toward a synthesis of alternatives
    Economics Letters, 1983, 12, (3-4), 349-353 View citations (13)
91. The Rosse-Panzar statistic and the Lerner index in the short run
    Economics Letters, 1983, 11, (1-2), 175-178 View citations (2)

1982

92. Competition, conduct and demand elasticity
    Economics Letters, 1982, 10, (1-2), 167-171 View citations (3)
93. Monopoly rationing and two-part tariffs
    Economics Letters, 1982, 10, (1-2), 29-34
94. Monopoly rationing revisited
    Economics Letters, 1982, 9, (1), 17-21