Steven Caudill
Biographic Data
| ID | 6010071 |
|---|---|
| NAME | Steven Caudill |
| GIVEN NAMES | Steven |
| FAMILY NAME | Caudill |
| SIGNATURE | CAUDILL S |
| AFFILIATIONS | Auburn University |
| ORCID | 0000-0003-3388-153X |
| VERIFIED | Yes |
| TOTAL WORKS | 22 |
| TOTAL CITATIONS | 10 |
| AUTHOR COUNT | 22 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1989 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 2 |
Is Mr. Smith Afraid to Leave Washington? Congressional District Gun Homicides and Legislator Absenteeism
The impact of violent crime has been shown to extend to business confidence, the timing and types of employment, and investments in human capital. The impact of violent crime on human behavior also potentially touches upon whether U.S. Representatives perform their legislative responsibilities or instead engage in shirking behavior. More specifically, the current political debate surrounding violent crime in Washington, D.C., gives rise to an int…
Prospect Precocity and University Choice: Evidence from One-and-Done Talent in College Basketball
This study examines the impact of precocity on the university choices made by college basketball prospects. More specifically, it investigates the university and coach-related factors that lead to successful recruiting of one-and-done players in order to shed light on the decision-making process that they utilize in their preparation for a professional basketball career. Probit models utilizing panel data covering the life of the NBA's collective…
The Student Evaluation of Teaching Premium for Clinical Faculty in Economics
This article uses student evaluation of teaching (SET) data for 947 faculty members affiliated with 90 U.S. colleges and universities to study the presence of a teaching quality rating premium for clinical economics faculty relative to traditional tenure-track economics faculty. Based on OLS estimation, we find this difference ranges between 3.9% and 4.8% and is robust to different econometric model specifications. Moreover, the average treatment…
Expropriation, money, and happiness: The impact of state theft in Russia
Evaluating inter-sectorial efficiency of state-owned bank financing: A hierarchical game with a two-stage Malmquist approach
This paper examines the efficiency of the Brazilian productive structure due to public funding provided by its state-owned bank. We develop a hierarchical dynamic game between this bank and the firms yielding investment as a function of the subsidised credit, industry competition, and openness. Through a multi-sector two-stage data envelopment analysis model, we find that the funding's main recipients were not effective in jointly producing aggre…
Evaluating inter-sectorial efficiency of state-owned bank financing: A hierarchical game with a two-stage Malmquist approach
Gender discrimination in the business school’s C-suite? Evidence from aggregate decomposition approaches
Workplace discrimination continues to at least be perceived as a problem by faculty and staff in higher education. The current study extends the academic literature in this area by exploring the possibility of gender discrimination in the wages of academic deans. Using data on deans’ salaries from more than 200 colleges and schools of business in the U.S., we focus our analysis on aggregate decompositions from both the usual Oaxaca-Blinder decomp…
Property confiscation and the intergenerational transmission of education in post-1948 Eastern Europe
Bargaining power in apartment sales in Corsica: A latent class approach
This paper extends the bargaining model of Harding et al. (Harding J, Rosenthal S and Sirmans CF (2003) Estimating bargaining power in the market for existing homes, Review of Economics and Statistics 85: 178–188), to a latent class framework. This allows for differences in market power in thin and segmented markets. We estimate a latent class model using data on apartment sales in Corsica over the period 2006 to 2016. Our results indicate that t…
Registered sex offenders and house prices: An hedonic analysis
The sex offender registry system provides consumers with locations of registered sex offenders. This paper uses two methods to evaluate the impact of sex offender registries on house prices in Memphis. Using an hedonic spatial error model, we find that each additional sex offender in a one-mile radius results in a loss of about 2% of the property value and that a 10% increase in distance from the nearest sex offender increases value by about 0.17…
Stadium size, ticket allotments and home field advantage in college football
This study builds on a conceptual framework that explores of the relationship between relative fan attendance, stadium size and home field advantage in college football. We extend the conceptual model by providing empirical estimates of the impact that various ticket allotment arrangements and home stadium size have on the probability of winning in college football. The Auburn–Alabama rivalry (the “Iron Bowl”) provides a unique case given that th…
AFDC Payments and Illegitimacy Ratios: A Reappraisal of Endogeneity Using Panel Data
This paper develops a rational choice model of the fertility of single women in the presence of government transfers. Evidence is presented which suggests that real AFDC (Aid to Families with Dependent Children) bene~ts leads to higher rates of illegitimacy. In fact, the unbiased parameter estimate which we present is six times larger than those estimates using OLS (Caudill and Mixon 1993). Also, the point elasticity estimate of real public benef…
Anti-Abortion Activities and the Market for Abortion Services: Protest as a Disincentive
Cross-section data for the US are used to estimate the effects of anti-abortion activity on the demand and supply of abortion services in 1992. Empirical results show that anti-abortion activity had a signi~cant negative impact on both the demand and supply of abortion services. Using estimates from a two-stage least-squares estimation of demand and supply, anti-abortion activities (measured as picketing with physical contact or blocking of patie…
How robust is the rationality assumption in economics? A statistical test based on student grade distributions
This note re-addresses the question of the rationality of economic actors in a new setting. We examine the distribution of final course grades for a "Principles of Economics Class" in an effort to draw conclusions about rational student work effort. Based on the concepts of the opportunity cost of time, the relative reward for earning various grades (based on university codes for determining grade points) and the concept of rationality, we expect…
An SAS Program for Estimating a Mixture of Two Normal Regressions
This article presents an SAS program for estimating a mixture of two normal linear regression models. The program is an EM algorithm and is written in the IML language in SAS. The usefulness of the algorithm is demonstrated by using an education example
Winning and ticket allotments in college football
This study focuses on a unique type of political and economic “contest” among various constituents in the state of Alabama. We examine the political and economic battle between Auburn University supporters and their athletic arch-rival, the University of Alabama. We provide a simple statistical analysis that supports the traditional view of “the home field advantage” in athletic contests by applied psychologists in previous studies (Greer, 1983 a…
Frontier Estimation and Firm-Specific Inefficiency Measures in the Presence of Heteroscedasticity
The purpose of this article is to illustrate a straightforward and useful method for addressing the problem of heteroscedasticity in the estimation of frontiers. A heteroscedastic cost-frontier model is developed and estimated using bank cost data similar to that used by Ferrier and Lovell. Our results show dramatic changes in the estimated cost frontier and in the inefficiency measures when accounting for heteroscedasticity in the estimation pro…
Estimating the Costs of Partial-Coverage Rent Controls: A Stochastic Frontier Approach
This paper presents a modified frontier approach to estimate hedonic regressions for data on rent-controlled and uncontrolled apartments. This new approach allows the author to estimate the size of the subsidy from landlords to tenants of rent-controlled apartments. In addition, this method provides the first estimates of the amount by which controls increase rents for uncontrolled apartments. The study shows that, in New York City in 1968, rents…
An Alternative to Bemmels's Method of Investigating Biases in Arbitration
The effects of arbitrators' and grievants' characteristics on the arbitration decision have been the focus of several recent studies. In an effort to reveal biases, Bemmels (1988a, 1988b, 1988c, 1990) introduced a method for evaluating arbitrators' decisions. Within Bemmels's framework, the arbitral decision is statistically evaluated as three separate decisions, and models are estimated for each. This approach has statistical problems. Specifica…
The Impact of Participation in Intercollegiate Athletics on Income and Graduation
Males who participated in intercollegiate athletics are estimated to receive 4 percent higher annual incomes than similar nonathletes. No such income premium associated with college athletics is revealed among females. Both male and female athletes who attended colleges and universities in the early 1970s had higher graduation rates than other students. Since the models used to estimate income and graduation differentials included many measurable…
Finite Mixture Estimation of Multiproduct Cost Functions
This paper presents a technique of cost-function estimation, based on the theory of finite mixture distributions, which allows for the simultaneous existence of multiple technologies of production when the researcher does not know which observations correspond to which technologies. The finite mixture technique provides estimates of the proportions of firms using the various technologies, facilitates comparisons between technologies, and preserve…
Efficient Estimation of the Costs of Rent Controls
An Alternative to Bemmels's Method of Investigating Biases in Arbitration
The effects of arbitrators' and grievants' characteristics on the arbitration decision have been the focus of several recent studies. In an effort to reveal biases, Bemmels (1988a, 1988b, 1988c, 1990) introduced a method for evaluating arbitrators' decisions. Within Bemmels's framework, the arbitral decision is statistically evaluated as three separate decisions, and models are estimated for each. This approach has statistical problems. Specifica…
Registered sex offenders and house prices: An hedonic analysis
The sex offender registry system provides consumers with locations of registered sex offenders. This paper uses two methods to evaluate the impact of sex offender registries on house prices in Memphis. Using an hedonic spatial error model, we find that each additional sex offender in a one-mile radius results in a loss of about 2% of the property value and that a 10% increase in distance from the nearest sex offender increases value by about 0.17…
Anti-Abortion Activities and the Market for Abortion Services: Protest as a Disincentive
Cross-section data for the US are used to estimate the effects of anti-abortion activity on the demand and supply of abortion services in 1992. Empirical results show that anti-abortion activity had a signi~cant negative impact on both the demand and supply of abortion services. Using estimates from a two-stage least-squares estimation of demand and supply, anti-abortion activities (measured as picketing with physical contact or blocking of patie…
Bargaining power in apartment sales in Corsica: A latent class approach
This paper extends the bargaining model of Harding et al. (Harding J, Rosenthal S and Sirmans CF (2003) Estimating bargaining power in the market for existing homes, Review of Economics and Statistics 85: 178–188), to a latent class framework. This allows for differences in market power in thin and segmented markets. We estimate a latent class model using data on apartment sales in Corsica over the period 2006 to 2016. Our results indicate that t…
AFDC Payments and Illegitimacy Ratios: A Reappraisal of Endogeneity Using Panel Data
This paper develops a rational choice model of the fertility of single women in the presence of government transfers. Evidence is presented which suggests that real AFDC (Aid to Families with Dependent Children) bene~ts leads to higher rates of illegitimacy. In fact, the unbiased parameter estimate which we present is six times larger than those estimates using OLS (Caudill and Mixon 1993). Also, the point elasticity estimate of real public benef…
Efficient Estimation of the Costs of Rent Controls
The Impact of Participation in Intercollegiate Athletics on Income and Graduation
Males who participated in intercollegiate athletics are estimated to receive 4 percent higher annual incomes than similar nonathletes. No such income premium associated with college athletics is revealed among females. Both male and female athletes who attended colleges and universities in the early 1970s had higher graduation rates than other students. Since the models used to estimate income and graduation differentials included many measurable…
Finite Mixture Estimation of Multiproduct Cost Functions
This paper presents a technique of cost-function estimation, based on the theory of finite mixture distributions, which allows for the simultaneous existence of multiple technologies of production when the researcher does not know which observations correspond to which technologies. The finite mixture technique provides estimates of the proportions of firms using the various technologies, facilitates comparisons between technologies, and preserve…
An Alternative to Bemmels's Method of Investigating Biases in Arbitration
The effects of arbitrators' and grievants' characteristics on the arbitration decision have been the focus of several recent studies. In an effort to reveal biases, Bemmels (1988a, 1988b, 1988c, 1990) introduced a method for evaluating arbitrators' decisions. Within Bemmels's framework, the arbitral decision is statistically evaluated as three separate decisions, and models are estimated for each. This approach has statistical problems. Specifica…
Estimating the Costs of Partial-Coverage Rent Controls: A Stochastic Frontier Approach
This paper presents a modified frontier approach to estimate hedonic regressions for data on rent-controlled and uncontrolled apartments. This new approach allows the author to estimate the size of the subsidy from landlords to tenants of rent-controlled apartments. In addition, this method provides the first estimates of the amount by which controls increase rents for uncontrolled apartments. The study shows that, in New York City in 1968, rents…
Frontier Estimation and Firm-Specific Inefficiency Measures in the Presence of Heteroscedasticity
The purpose of this article is to illustrate a straightforward and useful method for addressing the problem of heteroscedasticity in the estimation of frontiers. A heteroscedastic cost-frontier model is developed and estimated using bank cost data similar to that used by Ferrier and Lovell. Our results show dramatic changes in the estimated cost frontier and in the inefficiency measures when accounting for heteroscedasticity in the estimation pro…
Winning and ticket allotments in college football
This study focuses on a unique type of political and economic “contest” among various constituents in the state of Alabama. We examine the political and economic battle between Auburn University supporters and their athletic arch-rival, the University of Alabama. We provide a simple statistical analysis that supports the traditional view of “the home field advantage” in athletic contests by applied psychologists in previous studies (Greer, 1983 a…
An SAS Program for Estimating a Mixture of Two Normal Regressions
This article presents an SAS program for estimating a mixture of two normal linear regression models. The program is an EM algorithm and is written in the IML language in SAS. The usefulness of the algorithm is demonstrated by using an education example
How robust is the rationality assumption in economics? A statistical test based on student grade distributions
This note re-addresses the question of the rationality of economic actors in a new setting. We examine the distribution of final course grades for a "Principles of Economics Class" in an effort to draw conclusions about rational student work effort. Based on the concepts of the opportunity cost of time, the relative reward for earning various grades (based on university codes for determining grade points) and the concept of rationality, we expect…
AFDC Payments and Illegitimacy Ratios: A Reappraisal of Endogeneity Using Panel Data
This paper develops a rational choice model of the fertility of single women in the presence of government transfers. Evidence is presented which suggests that real AFDC (Aid to Families with Dependent Children) bene~ts leads to higher rates of illegitimacy. In fact, the unbiased parameter estimate which we present is six times larger than those estimates using OLS (Caudill and Mixon 1993). Also, the point elasticity estimate of real public benef…
Anti-Abortion Activities and the Market for Abortion Services: Protest as a Disincentive
Cross-section data for the US are used to estimate the effects of anti-abortion activity on the demand and supply of abortion services in 1992. Empirical results show that anti-abortion activity had a signi~cant negative impact on both the demand and supply of abortion services. Using estimates from a two-stage least-squares estimation of demand and supply, anti-abortion activities (measured as picketing with physical contact or blocking of patie…
Stadium size, ticket allotments and home field advantage in college football
This study builds on a conceptual framework that explores of the relationship between relative fan attendance, stadium size and home field advantage in college football. We extend the conceptual model by providing empirical estimates of the impact that various ticket allotment arrangements and home stadium size have on the probability of winning in college football. The Auburn–Alabama rivalry (the “Iron Bowl”) provides a unique case given that th…
Registered sex offenders and house prices: An hedonic analysis
The sex offender registry system provides consumers with locations of registered sex offenders. This paper uses two methods to evaluate the impact of sex offender registries on house prices in Memphis. Using an hedonic spatial error model, we find that each additional sex offender in a one-mile radius results in a loss of about 2% of the property value and that a 10% increase in distance from the nearest sex offender increases value by about 0.17…
Property confiscation and the intergenerational transmission of education in post-1948 Eastern Europe
Bargaining power in apartment sales in Corsica: A latent class approach
This paper extends the bargaining model of Harding et al. (Harding J, Rosenthal S and Sirmans CF (2003) Estimating bargaining power in the market for existing homes, Review of Economics and Statistics 85: 178–188), to a latent class framework. This allows for differences in market power in thin and segmented markets. We estimate a latent class model using data on apartment sales in Corsica over the period 2006 to 2016. Our results indicate that t…
Gender discrimination in the business school’s C-suite? Evidence from aggregate decomposition approaches
Workplace discrimination continues to at least be perceived as a problem by faculty and staff in higher education. The current study extends the academic literature in this area by exploring the possibility of gender discrimination in the wages of academic deans. Using data on deans’ salaries from more than 200 colleges and schools of business in the U.S., we focus our analysis on aggregate decompositions from both the usual Oaxaca-Blinder decomp…
Evaluating inter-sectorial efficiency of state-owned bank financing: A hierarchical game with a two-stage Malmquist approach
This paper examines the efficiency of the Brazilian productive structure due to public funding provided by its state-owned bank. We develop a hierarchical dynamic game between this bank and the firms yielding investment as a function of the subsidised credit, industry competition, and openness. Through a multi-sector two-stage data envelopment analysis model, we find that the funding's main recipients were not effective in jointly producing aggre…
Evaluating inter-sectorial efficiency of state-owned bank financing: A hierarchical game with a two-stage Malmquist approach
The Student Evaluation of Teaching Premium for Clinical Faculty in Economics
This article uses student evaluation of teaching (SET) data for 947 faculty members affiliated with 90 U.S. colleges and universities to study the presence of a teaching quality rating premium for clinical economics faculty relative to traditional tenure-track economics faculty. Based on OLS estimation, we find this difference ranges between 3.9% and 4.8% and is robust to different econometric model specifications. Moreover, the average treatment…
Expropriation, money, and happiness: The impact of state theft in Russia
Prospect Precocity and University Choice: Evidence from One-and-Done Talent in College Basketball
This study examines the impact of precocity on the university choices made by college basketball prospects. More specifically, it investigates the university and coach-related factors that lead to successful recruiting of one-and-done players in order to shed light on the decision-making process that they utilize in their preparation for a professional basketball career. Probit models utilizing panel data covering the life of the NBA's collective…
Is Mr. Smith Afraid to Leave Washington? Congressional District Gun Homicides and Legislator Absenteeism
The impact of violent crime has been shown to extend to business confidence, the timing and types of employment, and investments in human capital. The impact of violent crime on human behavior also potentially touches upon whether U.S. Representatives perform their legislative responsibilities or instead engage in shirking behavior. More specifically, the current political debate surrounding violent crime in Washington, D.C., gives rise to an int…
Economics (18 works) · Econometrics (14 works) · Computer Science (8 works) · Law (8 works) · Political science (8 works) · Business (7 works) · Mathematics (7 works) · Psychology (7 works) · Demographic economics (6 works) · Microeconomics (6 works)