Publications

Department Publications by Field

Industrial Organization

Incentives and Outcomes in a Strategic Setting: The 3-Points-for-a-Win System in Soccer
Author(s):   GianCarlo Moschini
Economic Inquiry, Forthcoming
[Abstract]  [Download PDF]  [Publisher's Link]
FIRM ENTRY, FIRM EXIT, AND URBAN-BIASED GROWTH
Author(s):   Li Yu, Robert W. Jolly, Peter Orazem
ISU Economics Working Paper #09018, August 27, 2009
[Abstract]  [Download PDF
ISO Net Surplus Extraction in Restructured Wholesale Power Markets
Author(s):   Hongyan Li, Leigh S. Tesfatsion
ISU Economics Working Paper #09015, July 18, 2009 (Latest Revision: 24 August 2009)
[Abstract]  [Download PDF
Locational Marginal Pricing Basics for Restructured Wholesale Power Markets
Author(s):   Haifeng Liu, Leigh S. Tesfatsion, A.A. Chowdhury
IEEE Proceedings, Power and Energy Society, Calgary, Alberta, July 2009
[Abstract]  [Publisher's Link]
Development of Open Source Software for Power Market Research: The AMES Test Bed
Author(s):   Hongyan Li, Leigh S. Tesfatsion
Journal of Energy Markets, Vol. 2, No.No. 2, pp. 111-128, Summer, 2009
[Abstract]  [Publisher's Link]
The AMES Wholesale Power Market Test Bed: A Computational Laboratory for Research, Teaching, and Training
Author(s):   Hongyan Li, Leigh S. Tesfatsion
IEEE Proceedings, Power and Energy Society, Calgary, Alberta, July 2009
[Abstract]  [Publisher's Link]
Auction Basics for Wholesale Power Markets: Objectives and Pricing Rules
Author(s):   Leigh S. Tesfatsion
IEEE Proceedings, Power and Energy Society, Calgary, Alberta, July 2009
[Abstract]  [Publisher's Link]
Separation and Volatility of Locational Marginal Prices in Restructured Wholesale Power Markets
Author(s):   Hongyan Li, Junjie Sun, Leigh S. Tesfatsion
ISU Economics Working Paper #09009, June 9, 2009
[Abstract]  [Download PDF
Capacity Withholding in Restructured Wholesale Power Markets: An Agent-Based Test Bed Study
Author(s):   Hongyan Li, Leigh S. Tesfatsion
IEEE Proceedings, Power Systems Conference and Exposition , Seattle, Washington, March 2009
[Abstract]  [Publisher's Link]
Scenario Generation for Price Forecasting in Restructured Wholesale Power Markets
Author(s):   Qun Zhou, Leigh S. Tesfatsion, Chen-Ching Liu
IEEE Proceedings, Power Systems Conference and Exposition, Seattle, Washington, March 2009
[Abstract]  [Publisher's Link]
Derivation of Locational Marginal Prices for Restructured Wholesale Power Markets
Author(s):   Haifeng Liu, Leigh S. Tesfatsion, A.A. Chowdhury
Journal of Energy Markets, Vol. 2, No.1, pp. 3-27, 2009
[Abstract]  [Publisher's Link]
An Agent-Based Test Bed Study of Wholesale Power Market Performance Measures
Author(s):   Abhishek Somani, Leigh S. Tesfatsion
IEEE Computational Intelligence Magazine, Vol. 3, No.4, pp. 56-72, November, 2008
[Abstract]  [Publisher's Link]
Human Capital, Complex Technologies, Firm size and Wages: A Test of the O-Ring Production Hypotheses
Author(s):   Li Yu, Peter Orazem
ISU Economics Working Paper #08029, September 24, 2008
[Abstract]  [Download PDF
Dynamic LMP Response Under Alternative Price-Cap and Price-Sensitive Demand Scenarios
Author(s):   Hongyan Li, Junjie Sun, Leigh S. Tesfatsion
IEEE Proceedings, Power and Energy Society, Piscataway, NJ, July/August 2008
[Abstract]  [Download PDF]  [Publisher's Link]
Competition and Regulation via Supply and Demand Functions in Oligopolistic-Oligopsonistic Markets
Author(s):   Harun Bulut, Semih Koray
ISU Economics Working Paper #08016, April 26, 2008
[Abstract]  [Download PDF
Differences in Prices and Price Risk Across Alternative Marketing Arrangements Used in the Fed Cattle Industry
Author(s):   Mary K. Muth, Yanyan Liu, Stephen R. Koontz, John D. Lawrence
Journal of Agricultural and Resource Economics, Vol. 33, No.1, pp. 118-135, April, 2008
[Abstract
Welfare Impacts of Cross-Country Spillovers in Agricultural Research
Author(s):   Sergio H. Lence, Dermot J. Hayes
American Journal of Agricultural Economics, Vol. 90, No.1, pp. 197-215, February, 2008
[Abstract]  [Download PDF
Modeling Macroeconomies as Open-Ended Dynamic Systems of Interacting Agents
Author(s):   Blake LeBaron, Leigh S. Tesfatsion
American Economic Review (Papers and Proceedings), Vol. 98, No.No. 2, pp. 246-250, 2008
[Abstract]  [Download PDF]  [Publisher's Link]
Patents, Research Exemption, and the Incentive for Sequential Innovation
Author(s):   GianCarlo Moschini, Oleg Yerokhin
Journal of Economics & Management Strategy, Vol. 17, pp. 379-412, 2008
[Abstract]  [Download PDF]  [Publisher's Link]
Local Solutions to Global Problems: Climate Change Policy Choice and Regulatory Jurisdiction.
Author(s):   James Bushnell, Carla Peterman, Catherine Wolfram
Review of Environmental Economics and Policy, Vol. 2, pp. 175-193, 2008
[Abstract
Creating Philanthropy Initiatives to Enhance Community Vitality
Author(s):   Mark Edelman, Sandy C. Burke
Rural Research Report, Vol. 18, No.9, Winter, 2008
[Abstract
Estimating the Future Economic Impact of Corn Ethanol Production in the U.S.
Author(s):   David A. Swenson
ECON Staff Report, December 1, 2007
[Abstract]  [Download PDF
Dynamic Testing of Wholesale Power Market Designs: An Open-Source Agent-Based Framework
Author(s):   Junjie Sun, Leigh S. Tesfatsion
Computational Economics, Vol. 30, No.3, pp. 291-327, October 1, 2007
[Abstract]  [Download PDF]  [Publisher's Link]
Grading, Minimum Quality Standards, and the Labeling of Genetically Modified Products
Author(s):   Harvey E. Lapan, GianCarlo Moschini
American Journal of Agricultural Economics, Vol. 89, No.3, pp. 769-83, August, 2007
[Abstract]  [Download PDF]  [Publisher's Link]
Wealth Transfer: A Philanthropic Opportunity for Community Development Practitioners
Author(s):   Mark Edelman, Sandy C. Burke
Community Development, Vol. 38, No.2, Summer, 2007
[Abstract
An Agent-Based Computational Laboratory for Wholesale Power Market Design
Author(s):   Junjie Sun, Leigh S. Tesfatsion
IEEE Proceedings, Power and Energy Society , Piscataway, New Jersey, 2007
[Abstract]  [Download PDF]  [Publisher's Link]
Modeling of Suppliers Learning Behaviors in an Electricity Market Environment
Author(s):   Nanpeng Yu, Chen-Ching Liu, Leigh S. Tesfatsion
International Journal of Engineering Intelligent Systems, Vol. 15, No.2, pp. 115-121, 2007
[Abstract]  [Download PDF]  [Publisher's Link]
Vertical Product Differentiation, Entry-Deterrence Strategies, and Entry Qualities
Author(s):   Yong-Hwan Noh, GianCarlo Moschini
Review of Industrial Organization, Vol. 29, No.3, pp. 227-52 , November, 2006
[Abstract]  [Download PDF
Pool of Basic Patents and Follow-up Innovations
Author(s):   Corinne Langinier
ISU Economics Working Paper #06024, July 19, 2006
[Abstract]  [Download PDF
Preliminary Investigations of Hospital Geography and Patient Choice in Iowa
Author(s):   Mark D. Imerman, Liesl Eathington, Kanlaya Jintanakul, Daniel Otto
ISU Economics Working Paper #06023, May 22, 2006
[Abstract]  [Download PDF
Farm Technology and Technical Efficiency: Evidence from Four Regions in China
Author(s):   Zhuo Chen, Wallace Huffman, Scott Rozelle
ISU Economics Working Paper #06022, May 1, 2006
[Abstract]  [Download PDF
Agent-Based Computational Modeling And Macroeconomics
Author(s):   Leigh S. Tesfatsion
Post Walrasian Macroeconomics: Beyond the Dynamic Stochastic General Equilibrium Model, Cambridge University Press, Cambridge, UK, Spring, 2006
[Abstract]  [Download PDF]  [Publisher's Link]
Do Entry Conditions Vary over Time? Entry and Competition in the Broadband Market: 1999-2003
Author(s):   Mo Xiao, Peter Orazem
ISU Economics Working Paper #06004, February 16, 2006
[Abstract]  [Download PDF
Market Design Test Environments
Author(s):   Steven Widergren, Junjie Sun, Leigh S. Tesfatsion
IEEE Proceedings, Power and Energy Society, Piscataway, NJ, 2006
[Abstract]  [Download PDF]  [Publisher's Link]
Economics of Domestic Cultural Content Protection in Broadcasting, The
Author(s):   Mukhtar Bekkali, John C. Beghin
ISU Economics Working Paper #05033, November 17, 2005 (revised, September 2006.)
[Abstract]  [Download PDF
Technology Licensing to a Rival
Author(s):   Caroline Boivin, Corinne Langinier
Economics Bulletin, Vol. 12, No.14, pp. 1-8, September, 2005
[Abstract]  [Publisher's Link]
Algebraic Theory of Multi-Product Decisions, An
Author(s):   David A. Hennessy, Harvey E. Lapan
Economic Theory, Vol. 25, No.4, pp. 819-29, June, 2005
[Abstract]  [Download PDF
An Agent-Based Computational Laboratory for Testing the Economic Reliability of Wholesale Power Market Designs
Author(s):   Deddy Koesrindartoto, Junjie Sun, Leigh S. Tesfatsion
Energy, Environment, and Economics in a New Era, IEEE , San Francisco, California, June, 2005
[Abstract]  [Download PDF]  [Publisher's Link]
Competition of Multinationals from Different Cultural Backgrounds: Does Familiarity Breed Contempt?
Author(s):   Chul-Woo Kwon, Harvey E. Lapan
ISU Economics Working Paper #05019, May 24, 2005
[Abstract]  [Download PDF
Are Intellectual Property Rights Detrimental to Innovation?
Author(s):   Claude Crampes, Corinne Langinier
ISU Economics Working Paper #05009, March 25, 2005
[Abstract]  [Download PDF
Using patents to mislead rivals
Author(s):   Corinne Langinier
Canadian Journal of Economics, Vol. 38, No.2, pp. 520-545, 2005
[Abstract]  [Download PDF
Are Patents Strategic Barriers to Entry?
Author(s):   Corinne Langinier
Journal of Economics and Business, Vol. 56, No.5, pp. 349-361, September/October, 2004
[Abstract
Testing the Reliability of FERC's Wholesale Power Market Platform: An Agent-Based Computational Economics Approach
Author(s):   Deddy P. Koesrindartoto, Leigh S. Tesfatsion
Energy, Environment, and Economics in a New Era, United States Association of Energy Economics, Electronic Publication, Washington, D. C., pp. 1-10, July, 2004
[Abstract]  [Download PDF]  [Publisher's Link]
Economic benefits of management reform in the northern Gulf of Mexico reef fish fishery
Author(s):   Quinn Weninger, James R. Waters
Journal of Environmental Economics and Management, Vol. 46, No.2, pp. 207-230, September, 2003
[Abstract]  [Publisher's Link]
Ordinal Approach to Characterizing Efficient Allocations, An
Author(s):   David A. Hennessy, Harvey E. Lapan
ISU Economics Working Paper #02009, September 20, 2002
[Abstract]  [Download PDF
Firm dynamics with tradable output permits
Author(s):   Quinn Weninger, Richard E. Just
American Journal of Agricultural Economics, Vol. 84, No.3, pp. 572-584, August, 2002
[Abstract]  [Publisher's Link]
Litigation and Settlement in Patent Infringement Cases
Author(s):   Claude Crampes, Corinne Langinier
RAND Journal of Economics, Vol. 33, No.4, pp. 258-274, Summer, 2002
[Abstract
Community Credit
Author(s):   Maureen Kilkenny
International Regional Science Review, Vol. 25, No.3, pp. 247-251, July, 2002
[Abstract
Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing
Author(s):   James Nicolaisen, Valentin Petrov, Leigh Tesfatsion
IEEE Transactions on Evolutionary Computation, Vol. 5, No.5, pp. 504-523, October, 2001
[Abstract]  [Download PDF]  [Publisher's Link]
Evolving Producer-Packer-Customer Linkages in the Beef and Pork Industries
Author(s):   John D. Lawrence, Ted C. Schroeder, Marvin L. Hayenga
Review of Agricultural Economics, Vol. 23, No.2, pp. 370-385, October, 2001
[Abstract]  [Publisher's Link]
Production and Marketing Characteristics of US Pork Producers, 2000
Author(s):  John D. Lawrence, Glenn Grimes
ISU Economics Working Paper #NDN0105, August 2001
[Abstract]  [Download PDF
Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing
Author(s):   James Nicolaisen, Valentin Petrov, Leigh Tesfatsion
ISU Economics Working Paper #NDN0108, April 6, 2001
[Abstract]  [Download PDF
Concentration and Capacity Effects on Electricity Market Power
Author(s):  James Nicolaisen, Matthew Smith, Valentin Petrov, Leigh Tesfatsion
Evolution at Work for the Next Millenium: Proceedings of the Congress on Evolutionary Computation 2000, IEEE, Inc., Piscataway, NJ, pp. 1041-1047, July, 2000
[Abstract
Measuring Market Power in Bilateral Oligopoly: The Wholesale Market for Beef
Author(s):   John R. Schroeter, Azzeddine M. Azzam, Mingxia Zhang
Southern Economic Journal, Vol. 66, No.3, pp. 526-547, January, 2000
[Abstract
A Classroom Experiment about Tradable Permits
Author(s):   Maureen Kilkenny
Review of Agricultural Economics, Vol. 22, No.2, pp. 586-606, 2000
[Abstract
Keystone Sector Identification: A Graph Theory-Social Network Analysis Approach
Author(s):   Maureen Kilkenny, Laura Nalbarte
Regional Research Institute., West Virginia, No.1, 2000
[Abstract]  [Download PDF
Ukraine: Privatization and Corporate Governance in the Agro processing Sector – Status and Critical Constraints in 1998
Author(s):   William H. Meyers, Sarah Helmstadter
Ukraine Agribusiness Project, CARD Staff Report, World Bank, Washington, D.C., pp. 32, December 1, 1999
[Abstract
Structure, Behavior, and Market Power in an Evolutionary Labor Market with Adaptive Search
Author(s):   Leigh Tesfatsion
ISU Economics Working Paper #NDN0083, October 1999
[Abstract]  [Download PDF
Stakeholder Incentives and Reforms in China's State-Owned Enterprises: A Common-Property Theory
Author(s):  Jon Cauley, Richard Cornes, Todd Sandler
China Economic Review, Vol. 10, No.2, pp. 191-206, Fall, 1999
[Abstract
Elements of Cattle Feeding Profitability in Midwest Feedlots
Author(s):   John D. Lawrence, Zhi Wang, Dan Loy
Journal of Agricultural and Applied Economics, Vol. 31, No.2, pp. 349-357, August, 1999
[Abstract]  [Publisher's Link]
Equilibrium Prices in a Vertically Coordinated Fishery
Author(s):   Quinn Weninger
Journal of Environmental Economics and Management, Vol. 37, pp. 290-305, May, 1999
[Abstract]  [Publisher's Link]
Assessing Efficiency Gains From Individual Transferable Quotas: An Application to the Mid-Atlantic Surf Clam and Ocean Quahog Fishery
Author(s):   Quinn Weninger
American Journal of Agricultural Economics, Vol. 80, No.4, pp. 750-764, November, 1998
[Abstract]  [Publisher's Link]
Are Eco-Labels Valuable? Evidence from the Apparel Industry
Author(s):   Wesley Nimon, John Beghin
ISU Economics Working Paper #NDN0014, November 1, 1998
[Abstract]  [Download PDF
Firm Relocation Threats and Copy Cat Costs
Author(s):   Darin Wohlgemuth, Maureen Kilkenny
International Regional Science Review, Vol. 21, No.2, pp. 139-162, 1998
[Abstract
Active Intermediation in Overlapping Generations Economies with Production and Unsecured Debt
Author(s):   Mark Pingle, Leigh Tesfatsion
Macroeconomic Dynamics, Vol. 2, pp. 183-212, 1998
[Abstract]  [Publisher's Link]
An Analysis of Transition From Limited Entry to Transferable Quota: Non-Marshallian Principles for Fisheries Management
Author(s):   Quinn Weninger, Richard Just
Natural Resource Modeling, Vol. 10, No.1, pp. 53-83, Winter, 1997
[Abstract
The Tradeoff between Oligopsony Power and Cost Efficiency in Horizontal Consolidation: An Example from Beef Packing
Author(s):   A. Azzam, John Schroeter
American Journal of Agricultural Economics, Vol. 77, No.4, pp. 825-836, November, 1995
[Abstract]  [Publisher's Link]
The Effects of the Business Cycle on Oligopoly Coordination: Evidence from the U.S. Rayon Industry
Author(s):   Craig Gallet, John Schroeter
Review of Industrial Organization, Vol. 10, No.2, pp. 181-196, April, 1995
[Abstract
Implications of Increased Regional Concentration and Oligopsonistic Coordination in the Beef Packing Industry
Author(s):   John R. Schroeter, Azzeddine Azzzam
Western Journal of Agricultural Economics, Vol. 16, No.2, pp. 374-381, December, 1991
[Abstract
Marketing Margins, Market Power, and Price Uncertainty
Author(s):   John R. Schroeter, Azzeddine Azzam
American Journal of Agricultural Economics, Vol. 73, No.4, pp. 990-999, November, 1991
[Abstract]  [Publisher's Link]
Measuring Market Power in Multi-Product Oligopolies: The U.S. Meat Industry
Author(s):   John R. Schroeter, Azzeddine Azzam
Applied Economics, Vol. 22, No.10, pp. 1365-1376, October, 1990
[Abstract
Estimating the Degree of Market Power in the Beef Packing Industry
Author(s):   John R. Schroeter
Review of Economics and Statistics, Vol. 70, No.1, pp. 158-162, February, 1988
[Abstract
Advertising and Competition in Routine Legal Service Markets
Author(s):   John R. Schroeter, Scott L. Smith, Steven R. Cox
Journal of Industrial Economics, Vol. 36, No.1, pp. 49-60, September, 1987
[Abstract