VITA
Douglas D. Davis
October 2012
Address
Department of Economics,
Virginia Commonwealth University
301 West Main Street, P.O. Box 844000
Richmond VA, 23284-4000
(804) 828-7140
Department of Economics, Virginia Commonwealth University
Assistant Professor (1987-1992)
Associate Professor (1993-1996)
Professor (1996-present)
Department of Economics, University of Mississippi
Visiting Professor (2000-2001)
Department of Economics, Middlebury College
Visiting Professor (1997-1998)
Department of Economics, University of Virginia
Visiting Assistant Professor (Spring 1993)
Federal Trade Commission (1984-1987)
1984: Ph.D. in Economics
Indiana University
1979: B.A. in Mathematics and Philosophy
Western Kentucky University
Internal Funding
Faculty Grant-In-Aid, Virginia Commonwealth University, 1988, 1993.
Faculty Excellence Fund Grant, Virginia Commonwealth University, 1991, 1996, 1997, 1999, 2000, 2002, 2004, 2005, 2007, 2008, 2009, 2010, 2011.
External Funding
"Cooperation in Finitely Repeated Games," National Science Foundation, 1990 - 1992.
"Laboratory Markets with Posted Prices: Discounts, Search Costs, and Demand Shocks," National Science Foundation, 1994-1997
“Differentiated Product Competition and the Antitrust Logit Model,” National Science Foundation, 2000-2003. REU Supplement, 2002-2003
"Fixed Cost Efficiencies and Post-Merger Prices: An Experimental Investigation," Federal Trade Commission, 2002.
"Posted-Offer Markets in Near-Continuous Time: An Experimental Investigation" National Science Foundation, 2005-2008. REU Supplement, 2007-2008
“Some Market Experiments with Policy Implication” National Science Foundation, 2010-2013.
Awards
Award for Meritorious Service, Federal Trade Commission, 1987
Outstanding Research Award, Virginia Commonwealth University School of Business, 1994.
Outstanding Research Award, Virginia Commonwealth University School of Business, 2000.
Southern Economic Association, Trustee 2003-2007
Southern Economic Association, Vice President, 2008-2010.
Southern Economic Journal, Board of Editors 2003-
North American Vice President Economic Science Association, 2004-2006
National Science Foundation, Economics Panel 2003-2005, 2009.
Referee for: American Economic Review, Blackwell Press, Econometrica, Economic Inquiry, Economic Journal, Economic Theory, Experimental Economics, Information Economics and Policy, International Journal of Game Theory, International Journal of Industrial Organization, International Journal of Law and Economics, Journal of Economic Behavior and Organization, Journal of Economic Education, Journal of Economic Theory, Journal of Economics and Management Strategy, Journal of Law and Economic Organization, Journal of Political Economy, Journal of Public Economics, Journal of Regulatory Economics, Journal of Risk and Insurance, The Leverhulme Trust, Marketing Science, Pacific Economic Review, National Science Foundation, Proceedings of the National Academy of Sciences, Princeton University Press, Public Choice, RAND Journal of Economics, Real Estate Economics, Research in Experimental Economics, Resource and Energy Economics, Review of Economic Studies, Social Science and Humanities Research Council of Canada, Southern Economic Journal, University of Michigan Press
Visiting Scholar: Autonomous University of Barcelona, December, 1991.
CERAM, Sophia Antipoles, France, July, 1996.
Memberships
American Economic Association
Economic Science Association
Southern Economic Association
Experimental economics, antitrust economics, industrial organization.
Books
Experiments Investigating Fundraising and Charitable Contributions (editor, with R. Mark Isaac) JAI Press, New York (2006).
Experimental Economics (with C.A. Holt). Princeton University Press: Princeton N.J. (1993).
Articles
“Advance Production, Inventories and Market Power: An Experimental Investigation” Economic Inquiry. Forthcoming (2012) Appendices, Instructions“
"On Uncertainty and the WTA-WTP Gap” (with R. Reilly), Economics Bulletin, Vol. 32 No. 3 pp. 2594-2605 (2012).
“Nominal Price Shocks in Monopolistically Competitive Markets: An Experimental Analysis* (with O. Korenok) Journal of Monetary Economics. 58, 578-589 (2011).
"Behavioral Convergence Properties of Cournot and Bertrand Markets: An Experimental Analysis,” Journal of Economic Behavior and Organization, 80, 443-458. (2011).
"Cooperation without Coordination: Signaling, Types and Tacit Collusion in Laboratory Oligopolies” (with O. Korenok and R. Reilly), Experimental Economics 13(1)pages 45-65 (2010) Appendix, Instructions
"Pure Numbers Effects, Market Power, and Tacit Collusion in Posted Offer Markets", Journal of Economic Behavior and Organization 72(1) 475-488 (2009). Appendix, Instructions.
"Re-Matching, Information and Sequencing Effects in Posted Offer Markets" (with O. Korenok and R. Reilly), Experimental Economics 12: 65-86 (2009). Instructions.
“Posted-Offer Markets in Near Continuous Time: An Experimental Investigation,” (with O. Korenok) Economic Inquiry , 47, 446-466 (2009) Instructions. Data: Monopoly Sessions, Trend Demand Sessions, Swastika Design Sessions.
“Supra-Competitive Pricing in Laboratory Markets” Entry in the New Palgrave Dictionary of Economics. (2008)
"Strategic Buyers , Horizontal Mergers and and Synergies: An Experimental Investigation” (with B.J. Wilson). International Journal of Industrial Organization 26(3) 643-681 (2008). Instructions. Data
“Rebate Subsidies, Matching Subsidies and Isolation Effects,” Judgment and Decision-Making 1, 13-22 (2006), Instructions, Data.
"Equilibrium Price Dispersion, Mergers and Synergies: An Experimental Investigation of Differentiated Product Competition" (with B.J. Wilson) International Journal of the Economics of Business 13, 169-194 (2006) Data. Appendix
"Raising Revenues for Charity: Auctions versus Lotteries , (with L. Razzolini, R. Reilly and B. J. Wilson) in D.D. Davis and R. Mark Isaac (eds.) Research in Experimental Economics, vol 11. JAI Press, New York. 49-95, 2006.
"Rebates, Matches and Consumer Behavior" (with E. Millner) Southern Economic Journal 72, 410-422 (2005). Data. Appendix
"Subsidy Schemes and Charitable Contributions: A Closer Look” (with E. L. Millner and R.J. Reilly), Experimental Economics 8:85-106 (2005). Instructions. Data
“Differentiated Product Competition and the Antitrust Logit Model: An Experimental Analysis” (with B.J. Wilson) Journal of Economic Behavior and Organization, 57:89-113 (2005) . Data. Instructions. Supplementary Appendix.
“Cost Structures and Nash Play in Repeated Cournot Games: An Experimental Investigation” (with R.J. Reilly and B.J. Wilson) Experimental Economics 6, 209-226 (2003) Instructions. Data
“Strategic Interactions, Market Information and Mergers in Differentiated Product Markets: An Experimental Investigation,” International Journal of Industrial Organization. 20 (9) 1277-1312 (2002). Data. Instructions.
“An Experimental Investigation of Methods for Detecting Collusion” (with B.J. Wilson) Economic Inquiry 40 (2) 213-230 (2002) Data. Instructions.
“Experimental Methods and Antitrust Policy” (with B.J. Wilson) in C.A. Holt and R. Mark Isaac (eds.) Research in Experimental Economics, vol 9. JAI Press, Greenwich 61-94 (2002).
"Supra-Competitive Prices and Market Power in Posted-Offer Auctions" (with C.A. Holt and Anne Villamil), in C.A. Holt and R. Mark Isaac (eds.) Research in Experimental Economics, vol 9. Boulder: JAI Press, Greenwich 121-137 (2002).
“Multiple Buyers, Rent-Defending and the Observed Social Costs of Monopoly” (with R.J. Reilly), Pacific Economic Review 5, 389-410 (2000)
“Cost Savings and Market Power Exercise” (with B.J. Wilson), Economic Theory 16, 545-565 (2000)
“Advance Production and Cournot Outcomes: An Experimental Investigation,” Journal of Economic Behavior and Organization 40, 59-79 (1999)
“Rent-Seeking with Non-Identical Sharing Rules: An Equilibrium Rescued” (with R.J. Reilly), Public Choice 100, 31-38 (1999).
"Equilibrium Cooperation in Two-Stage Games: Experimental Evidence" (with C.A. Holt), International Journal of Game Theory 28, 89-109 (1999).
"Conspiracies and Secret Discounts in Laboratory Markets" (with C.A Holt), Economic Journal 108, 736-756 (1998)
“Demand Shocks, Advance Production, and Market Power: Some Lessons about Markets from the Laboratory,” (with K. Ramagopal) Managerial and Decision Economics 19, 205-233, (1998)
"Do Too Many Cooks Always Spoil the Stew? An Experimental Analysis of Rent-Seeking and the Role of a Strategic Buyer" (with R. J. Reilly), Public Choice, 95, 89-115 (1998).
"The Effects of Nonstationarities on Performance in Call Markets" (with A.W. Williams), Journal of Economic Behavior and Organization 32, 39-54 (1997).
"Price Rigidities and Institutional Variations in Markets with Posted Prices" (with C.A. Holt), Economic Theory, 9 63-80, (1997).
"Markets with Posted Prices: Recent Results from the Laboratory" (with C. A. Holt), Investigaciones Economicas 20, 291-320 (1996).
"List Prices and Discounts: The Interrelationship Between Consumer Shopping Patterns and Profitable Marketing Strategies" (with C.A. Holt), Psychology and Marketing, 13: 341-363, (1996).
"Group vs. Individual Behavior in an Economic Context" (with D. W. Harless) Organizational Behavior and Human Decision Processes 66, 215-227 (1996).
"Consumer Search Costs and Market Performance" (with C.A. Holt), Economic Inquiry 34: 133-151 (1996).
"Price Communications in Laboratory Markets: An Experimental Investigation (with T. N. Cason), Review of Industrial Organization 10: 769-787 (1995).
"Equilibrium Cooperation in Three-Person, Choice-of-Partner Games," (with C.A. Holt), Games and Economic Behavior 7: 39-53 (1994).
"The Effects of Discounting Opportunities in Posted-Offer Markets," (with C.A. Holt) Economics Letters 44: 249-253 (1994).
"Experimental Economics: Methods, Problems and Promise" (with C.A. Holt), Estudios Económicos 8: 179-212 (1994).
"Market Power and Mergers in Laboratory Markets with Posted Prices" (with C.A. Holt), RAND Journal of Economics 25: 467-487 (1994).
"The Effects of Nonstationarities on the Convergence to Competitive Equilibria" (with A. W. Williams and G. W. Harrison), Journal of Economic Behavior and Organization 20: 1-22 (1993).
"The Hayek Hypothesis in Experimental Auctions: Market Power and Institutional Effects" (with A. W. Williams), Economic Inquiry 29: 261-274 (1991).
"The Effects of Non-Binding Price Announcements on Posted-Offer Markets" (with C.A. Holt), Economics Letters 34(4): 307-310 (1990).
"Market Power and the Institutional Asymmetry of the Posted Offer Trading Institution" (with A.W. Williams), Economics Letters 34(3): 211-214 (1990).
"Maximal Quality Selection and Discrimination in Employment," Journal of Economic Behavior and Organization 8: 97-112 (1987).
"The Effects of Rent Asymmetries in Posted Offer Markets" (with A. W. Williams), Journal of Economic Behavior and Organization 7: 303-16 (1986).
Other Publications
“Mixed Strategy Nash Equilibrium Predictions as a Means of Organizing Behavior in Posted-Offer Market Experiments” (with B.J. Wilson), C. Plott and V. L. Smith (eds.) Handbook of Experimental Economics Results, Amsterdam: North Holland Press, 62-70. (2008).
“The Exercise of Market Power in Laboratory Experiments (with C.A. Holt) in C. Plott and V. L. Smith (eds.) Handbook of Experimental Economics Results, North Holland Press, Amsterdam: North Holland Press, 138-145 (2008).
“The Effects of Collusion in Laboratory Experiments” (with C.A. Holt) in C.Plott and V. L. Smith (eds.) Handbook of Experimental Economics Results, Amsterdam: North Holland Press, 170-177 (2008).
"An Examination of the Diamond Paradox: Initial Laboratory Results" (with C.A. Holt), Actas de las X Jornadas de Economia Industrial, 67-70 (1995).
"Conspiracies and Secret Discounts in Laboratory Markets: Some Initial Results" (with C.A. Holt), Actas de las IX Jornadas de Economia Industrial, 103-107 (1994).
"Capacity Asymmetries, Market Power, and Mergers in Laboratory Markets with Posted Prices," (with C. A. Holt) Investigaciones Economicas, 2: 73-79 Suplemento (1992).
"Experimental Economics: An Introduction for Applications to International Trade," (with S. K. Mitchell), North Central Regional Research Monograph: Proceedings of Workshop on Empirical Methods in Industrial Organization for Applications to International Trade (1992).
“The Effects of Uncertainty on Willingness to Accept and Willingness to Pay Under Expected Utility Theory” (with R. Reilly), October, 2012.
“An Experimental Analysis of Market-base Contingent Capital Triggering Mechanisms” (with O. Korenok and E. Prescott). Revised September 2012.
“Uncertainty, Risk Aversion, and WTA vs. WTP: A Reexamination” (with R. Reilly), July 2012.
“A Simple Approach for Organizing Behavior and Explaining Cooperation in Repeated Games” (with A. Ivanov and O. Korenok) Revised October 2011.
“The 1994 Virginia Senate Market”, Douglas D. Davis and Charles A. Holt, revised June 2008*
Antitrust Economics, Experimental Economics, Game Theory, Industrial Organization (Graduate and Undergraduate), Managerial Economics (M.B.A. and Undergraduate), Principles of Economics, Principles of Statistics, Research Methods (Graduate), E-Commerce