Faculty : James C. Cox

	Arizona Public Service Professor and ESL Distinguished Scholar
	Experimental Economics and Applied Microeconomic Theory
	Phone:	520.621.2164
	Fax:	520.621.8450
	Email:	jcox@eller.arizona.edu
	Website:	http://uaeller.eller.arizona.edu/~jcox
	Office:	McClelland Hall, Room 401NN

Current Research

Professor Cox is collaborating with information technology researchers to construct a digital library for microeconomics education (NSF grant number DUE-0226344) and conduct research on the integration of software agents into the theory and experimental economics of auctions and allocation mechanisms. Recent and ongoing research includes experiments with group behavior in strategic market games and theory and experiments with individual and group behavior in games involving trust and fear, positive and negative reciprocity, and benevolent and malevolent other-regarding preferences. Other research has included topics in mathematical economics, economics of uncertainty and risk, public expenditure theory, credit rationing, energy policy, minimum wage legislation, auction markets, job search models, decentralized mechanisms for control of monopoly, the utility hypothesis, the preference reversal phenomenon, procurement contracting, the lottery payoff experimental procedure, social epistemology, legal theory, theories of learning to play Nash equilibrium, and rail transportation networks.

Recent Research Papers:

• "How to Identify Trust and Reciprocity", Games and Economic Behavior, 46 (2004), 260-281.
• "Auctions: Research Opportunities in Marketing," with Dipankar Chakravarti, et al., Marketing Letters, Vol. 13, No. 3, August 2002.
• "Competition For vs. On the Rails: A Laboratory Experiment", with Theo Offerman, Mark A. Olson, and Arthur J. H. C Schram, International Economic Review, 43, no. 3, August 2002, pp. 709-736.
• "Trust, Reciprocity, and Other-Regarding Preferences: Groups vs. Individuals and Males vs. Females," with Rami Zwick and Amnon Rapoport, (eds.), Advances in Experimental Business Research, Kluwer Academic Publishers, 2002.
• "Endogenous Entry and Exit in Common Value Auctions", with Sam Dinkin, and James T. Swarthout, Experimental Economics, 4, No. 2, 2001.
• "An Experiment to Evaluate Bayesian Learning of Nash Equilibrium Play", with Jason Shachat and Mark Walker, Games and Economic Behavior, 34, January 2001.
• "Good News and Bad News: Search from Unknown Wage Offer Distributions", with Ronald L. Oaxaca, Experimental Economics, 2, No.3, 2000.
• "Can Supply and Demand Parameters be recovered from Data Generated by Market Institutions?", With Ronald L. Oaxaca, Journal of Business and Economic Statistics, 17, July 1999.
• "The Winner's Curse and Public Information in Common Value Auctions: Comment" (with Samuel H. Dinkin and Vernon L. Smith), American Economic Review, 89, March 1999.
• "Quantifying the Effects of Sow-Herd Management Information Systems on Farmers' Decision Making Using Experimental Economics" (with Jos A.A.M. Verstegen, Joep Sonnemans, Ruud B.M. Huirne, and Aalt A. Dijkhuizen), American Journal of Agricultural Economics, 80, November 1998.
• "Learning to Play Cournot Duopoly Strategies" (with Mark Walker), Journal of Economic Behavior and Organization, 36, No. 2, 1 September 5998.
• "On Testing the Utility Hypothesis," Economic Journal, 107, July 1997.
• "Moral Hazard and Adverse Selection in Procurement Contracting" (with R. Mark Isaac, Paula Ann Cech, and David Conn), Games and Economic Behavior, 17, December 1996.
• "Testing Job Search Models: The Laboratory Approach" (with Ronald L. Oaxaca), in Solomon W. Polochek (ed.), Research in Labor Economics, vol.15 (Greenwich: JAI Press, 1996).
• "Speech, Truth, and the Free Market for Ideas" (with Alvin I. Goldman), Legal Theory, 2, March 1996.
• "Is Bidding Behavior Consistent with Bidding Theory for Private Value Auctions?" (With Ronald L. Oaxaca), in R. Mark Isaac (ed.), Research in Experimental Economics, vol. 6 (Greenwich: JAI Press, 1996).
• "The Preference Reversal Phenomenon: Response Mode, Markets, and Incentives" (with David M. Grether), Economic Theory, 7, no. 3, 1996.

Other Selected Publications:

• "Preference Reversals Without the Independence Axiom," with Seth Epstein, American Economic Review, June 1989.
• "Laboratory Experiments with a Finite Horizon Job Search Model" (with Ronald L. Oaxaca), Journal of Risk and Uncertainty, 2, September 1989.
• "Mechanisms for Incentive Regulation: Theory and Experiment," with R. Mark Isaac, Rand Journal of Economics, Autumn 1987.
• "Theory and Individual Behavior of First Price Auctions," with Vernon L. Smith and James M. Walker, Journal of Risk and Uncertainty, March 1988.
• "Theory and Behavior of Multiple Unit Discriminative Auctions" (with Vernon L. Smith and James M. Walker), Journal of Finance, 39, September 1984.
• "Theory and Behavior of Single Object Auctions" (with Bruce Roberson and Vernon L. Smith), in V. L. Smith (ed), Research in Experimental Economics, vol. 2 (Greenwich: JAI Press, 1982). Editor for this paper: David M. Grether.
• "The Political Economy of Minimum Wage Legislation" (with Ronald L. Oaxaca), Economic Inquiry, 20, October 1982.
• "The Determinants of Investment in Petroleum Reserves and Their Implications for Public Policy" (with Arthur W. Wright), American Economic Review, 66, March 1976.
• "Portfolio Choice and Saving in an Optimal Consumption Leisure Plan," Review of Economic Studies, 42, January 1975.