Department of Economics

Faculty and students in the University of Virginia's Department of Economics examine economic events and arrangements through the lens of economic theory. The Department's undergraduate program emphasizes applications of economic theory to a wide variety of real-world events and arrangements in public policy, business, law, finance, and international trade. Training in the discipline of economics teaches students to think clearly and critically about complex issues. The graduate program equips doctoral students for academic careers and careers in economic research. The Department has 25 distinguished faculty members who are committed to teaching undergraduates, to training graduate students, and to conducting economic research.

Contact:
PO Box 400182
Charlottesville, VA 22904-4182
Phone: (434) 924-3177
Fax: (434) 923-2904
Website: http://www.virginia.edu/economics/


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Projects By Department of Economics:

A Smith Dissertation
Holt, Charles A. Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science

Advanced Statistical Methods For Psychiatric Episo
Stern, Steven N. Sponsor: U.S. National Institute Of Mental Health

Advertising Themes
Anderson, Simon P. Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science
The intellectual contribution of the proposal is to broaden the base of economic models of advertising in three directions (described below). The broader impact is in closer integration between the ...

An Experimental Examination of Models of Bounded Rationality
Goeree, Jacob. Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science
The Nash equilibrium provides a useful benchmark in evaluating the data from laboratory experiments. Often, however, data patterns diverge from Nash predictions in a systematic manner. For example, the ...

AS-ECON Pensions and K-12 Teacher Retirement
Friedberg, Leora. Sponsor: Teachers Insurance & Annuity Association

Bounding The Effects Of Teenage & Illegitimate Births
Brien, Michael J. Sponsor: University Of Maryland
In this research project we will (1) Estimate the effect of teenage childbearing in the U.S. on socioeconomic and biological outcomes of the children, including the prevalence of low birth weight, preterm ...

Consumer Lending in China
Reynolds, Bruce L. Sponsor: Filene Research Institute
When designing an optimal consumer credit system in China, policy makers can gain useful insights from the experiences of other nations. In this project, we examine the U.S. system. More specifically, ...

Doctoral Dissertation Research Grant - S. Davis
Olsen, Edgar O. Sponsor: U.S. Housing & Urban Development (Hud)

Economic Experiments in the Secondary School Classroom
Holt, Charles A. Sponsor: U.S. Nsf - Directorate For Ed. & Human Resources
Recently, economists have become involved in transforming research experiments into simulations that are useful for teaching purposes. For example, a market with a "trading pit" can be used to introduce ...

Entrepreneurship, Frictions & the Macroeconomy
Cagetti, Marco (Marco). Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science
Entrepreneurs are a small fraction of the population, but have a high saving rate and hold a large share of total wealth. Their behavior is fundamental to understand wealth inequality, aggregate capital ...

Equilibrium with Bounded Rationality in Economic Games
Anderson, Simon P. Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science
This project uses a generalization of the Nash concept to generate theoretical predictions for a variety of economic games. The generalization involves introducing bounded rationality into an equilibrium ...

Fundamental Housing Policy Reform
Olsen, Edgar O. Sponsor: Searle Freedom Trust
The proposed research is intended to overcome the ignorance that sustains the current [housing] system. With one exception, it involves writing papers for the key players in housing policy development, ...

Game Theory & Social Interactions
Holt, Charles A. Sponsor: U.S. National Science Foundation
Game theory is one of the prime contenders for becoming the central theory in economics and related social sciences. Its relevance in many non-market interactions, however, is limited by the extreme rationality ...

Improving Research Information and Data on Firearms
Pepper, John V. Sponsor: U.S. National Academy Of Sciences
The objective of this study is to synthesize existing data and r research on guns and violence and on self and other-directed violent behavior to better support policy decisions. It would also examine ...

Marketing Characteristics
Anderson, Simon P. Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science
Most previous work on advertising in economics has not addressed what information ads impart or congestion of the advertising channel used by firms to reach prospective consumers. The intellectual contribution ...

Mobility Costs and Dynamics of Labor Market Adjustment to External Shocks
Mclaren, John E. Sponsor: Columbia University
This proposal suggests a framework for estimating the costs workers face in reallocating themselves across industries or geographic locations in response to economic shocks or policy changes. We propose ...

Preferences, Plans & Decision-making Capacity as Respondents Age in the Health & Retirement Study
Friedberg, Leora. Sponsor: Max Planck International Research Network on Aging
Professor Richard Bonnie and I intend to study how people make decisions that affect their well-being during old age. We are particularly interested in how decision-making changes because of old age ...

Product Characteristics and Price Advertising with Consumer Search
Anderson, Simon P. Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science
This three-year award in support of U.S.-France collaborative research in economics involves Simon P. Anderson of the University of Virginia and Regis Renault at the Universite de Toulouse (Universite ...

Sloan Research Fellowship
Goeree, Jacob. Sponsor: Sloan Foundation
The Sloan Research Fellowships were established in 1955 to provide support and recognition to early-career scientists and scholars, often in their first appointments to university faculties, who were ...

SNL Securities Research Fellowship
Stern, Steven N. Sponsor: SNL Securities
SNL Securities LC (“SNL”) welcomes research proposals from graduate and undergraduate students within University of Virginia’s Economics Department with research that focuses on depository institutions ...

Temporal Dependence & Economic Fluctuations - A Spectral Investigation
Otrok, Christopher M. Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science
The proposed research explores the economic implications of non-time-separable preferences and technology. The research is motivated by experience with spectral utility for time-separable constant-relative-risk-aversion ...

Terrorism Games
Holt, Charles A. Sponsor: University of Southern California

The Effects of Health & Social Security Policy on Retirement and Disability Applications
Pepper, John V. Sponsor: BOSTON COLLEGE
Health status is widely recognized as a crucial determinant of the labor supply of older workers. Given the inherent unobservability of true work capacity, however, there is little consensus on the reliability ...

The Evolution of Pension Structure in the U.S.
Friedberg, Leora. Sponsor: Teachers Insurance & Annuity Association
Workers have experienced major changes in pension coverage in the last 20 years. 7.1 million workers had 401(k) accounts in 1983, compared to 38.9 million in 1993. The overall fraction of employees ...

The Informational Content of Advertising
Anderson, Simon P. Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science
A substantial literature in marketing is devoted to measuring the informative content in advertising, and loosely confirms that messages contain limited information. However, the economics literature ...

U.S.-France Cooperative Research: Advertising Content
Anderson, Simon P. Sponsor: U.S. Nsf - Directorate Soc., Behav. & Eco. Science
This three-year award supports US-France collaboration in economics between Simon Anderson of the University of Virginia and Regis Renault of the University of Caen. The objective of their research is ...

Using Clicker Technology in Large-Scale Classroom Experiments in Economics
Holt, Charles A. Sponsor: U.S. Nsf - Directorate For Ed. & Human Resources

Faculty:
Anderson, Simon P – Commonwealth Professor of Economics
Blanchard, Emily J – Assistant Professor
Burton, Edwin T – Professor
Choi, Albert H – Assistant Professor
Ciliberto, Federico – Assistant Professor
Coppock, Lee A – Associate Professor
Elzinga, Kenneth G – Professor
Engers, Maxim P – Professor
Epps, Thomas W – Professor Emeritus
Friedberg, Leora – Associate Professor
Furstenberg, Eric K – Assistant Professor
Gayle, Wayne-Roy – Assistant Professor
Harrigan, James Emmett – Professor
Holt, Charles A – A Willis Robertson Professor of Political Economy and Chair
Jachno, Gregory P – Instructor in Economics
Jain, Sanjay – Assistant Professor
James, John A – Professor
Johnson, William R – Georgia S Bankard Professor
Kim, Dukpa – Assistant Professor
Kim, Minjung – Instructor in Economics
Larson, Nathan – Assistant Professor
Le, Vu Manh – Instructor in Economics
Lee, Soyoung – Instructor in Economics
Maheshwari, Rachna S – Instructor in Economics
Mclaren, John E – Professor
Michener, Ronald W – Associate Professor
Miller, Amalia R – Assistant Professor
Mills, David E – Professor
Mirman, Leonard J – Professor
Moore, Michael J – Lecturer in Economics
Moscoso Boedo, Hernan J – Assistant Professor
Mukoyama, Toshihiko – Assistant Professor
Olsen, Edgar O – Professor
Otrok, Christopher M – Professor
Pepper, John V – Associate Professor
Popov, Latchezar Alexandrov – Assistant Professor
Reshef, Ariell – Assistant Professor
Reynolds, Bruce L – Professor
Roy, Susmita – Instructor in Economics
Sekhri, Sheetal – Assistant Professor
Shastry, Gauri Kartini – Assistant Professor
Stern, Steven N – Professor
Suto, Isao – Visiting Scholar
Tam, Xuan S. – Instructor in Economics
Telbisoglu, Rasit – Instructor
Unal, Ayse Oyku – Instructor in Economics
Van Wincoop, Eric – Robert P Black Research Professor of Economics
Whitaker, John K – Professor Emeritus
Young, Eric R – Assistant Professor
Zirkle, David W – Lecturer in Economics

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