Anthony M. Marino


Office Address: Department of Finance and Business Economics,
Marshall School of Business, University of Southern California,
Los Angeles, CA 90089-1427
Office Phone: (213) 740-6525
FAX: (213) 740-6650
E-Mail: amarino@marshall.usc.edu


EDUCATION

B.A. and Ph.D in Economics, University of California, Santa Barbara, June 1968 and June 1972.

Fields of Emphasis:

Microeconomic Theory
Economics of Regulation
Industrial Organization

Dissertation Title:

"A Two Sector Model of Growth with Asymmetrical Productive Processes"

 

 

FELLOWSHIPS, HONORS AND RESEARCH GRANTS

·        NDEA Title IV Graduate Fellowship

·        Byron Shutz Teaching Award, University of Kansas, 1979-80.

·        Runner-up Golden Apple Graduate Teaching Award, University of Southern California, 1986.

·        University of Southern California Dean's Fellowship 1988.  

·       Dean's Award for Community, Marshall School, May 2012.   

·    Evan C. Thompson Faculty Teaching and Learning Innovation Award May 2022.  

 

 

EXPERIENCE

Permanent Positions

·        Assistant Professor of Economics, University of Kansas, Fall 1972 - Spring 1977.

·        Associate Professor of Economics (with tenure), University of Kansas, Spring 1977 - Spring 1984.

·        Associate Professor of Finance and Business Economics (with tenure), School of Business, University of Southern California, Fall 1985 -1989.

·        Professor of Finance and Business Economics, University of Southern California, Fall 1990.

Temporary Positions

·        Lecturer, Economics, University of California, Santa Barbara, Fall 1971.

·        Visiting Associate Professor of Economics, University of California, Santa Barbara, Fall 1978 - Spring 1980.

·        Visiting Associate Professor of Finance and Business Economics, School of Business, University of Southern California, Fall 1982 - Spring 1984.

 

PUBLISHED PAPERS (Refereed)

·        "On the Neoclassical Version of the Dual Economy," The Review of Economic Studies, XLII (July 1975), 435-444.

 

·        "A Remark on the Causal Region in the Two Sector Model of Growth," The International Economic Review, XVII (October 1976), 785-786.

 

·        "Optimal Capacity Expansion with Economies of Scale and Growing Demand, The Journal of Economics, II (1976), 5-8.

 

·        "The Set of Profit Maximizing Prices Associated with Efficient Points of the Technology Set," Metroeconomica, XXVIII (January 1978), 83-89.

 

·        "Peak Load Pricing under Regulatory Constraint: Two Remarks" Southern Economic Journal, XLIV (January 1978), 606-615.

 

·        "Peak Load Pricing in a Neoclassical Model with Bounds on Variable Input Utilization," The Bell Journal of Economics, IX (Spring 1978), 249-259.

 

·        "Capacity Choice under Regulation in Variable Load Pricing Model with Diverse Technology," Southern Economic Journal, XLV (January 1979), 858-866.

 

·        "The Effects of a Rate of Return Constraint in a Variable Load Pricing Model with Diverse Technology," Greek Economic Review, I (December 1979), 82-98.

 

·        "Optimal Departures from Marginal Cost Pricing: The Case of a Rate of Return Constraint," Southern Economic Journal, XLVIII, (July 1981), 37-49.

 

·        "Rising Marginal Cost and Concavity of the Production Function" (with Y. Otani and J. Sicilian), Economics Letters, VIII (1981) 293-299.

 

·        "Residential Energy Conservation and Public Utilities: Regulatory Strategy" (with J. Sicilian), Regulatory Reform and Public Utilities, Edited by M. A. Crew, Lexington Books (November 1982), 183-211.

 

·        "An Adjustment Process Defined on a Constraint Surface with an Application to Ramsey Pricing" (with T. Mitsui), Economics Letters, XI (1983), 257-262.

 

·        "The Economic Efficiency of Direct Utility Investments in Conservation Measures" (with J. Sicilian), Public Utilities Fortnightly, CXI (#2, January 1983), 30-34.

 

·        "Utility Sponsored Information and Financial Incentive Programs: An Analysis of Economic Efficiency" (with J. Sicilian), Resources and Energy, VIII (September 1986), 245-266.

 

·        "Direct Investment in Conservation Measures by a Public Utility" (with J. Sicilian), The Energy Journal, VIII (April 1987), 137-146.

 

·        "The Incentive for Conservation Investment in Regulated Utilities" (with J. Sicilian), Journal of Environmental Economics and Management, XV (June 1988) ,173-188.

 

·        "Monopoly Liability and Regulation," Southern Economic Journal, LIV (April 1988), 913-927.

 

·        "Products Liability and Scale Effects in a Long-Run Competitive Equilibrium," International Review of Law and Economics, VIII (June 1988), 97-107.

 

·        "Incentive Contracts for Managers who Discover and Manage Investment Projects," (with Y.Chan and T. Campbell) Journal of Economic Behavior and Organization, XII (December 1989), 353-364.

 

·        "Market Share Liability and Economic Efficiency," Southern Economic Journal, LVII (January 1991), 667-75.

 

·        "Welfare and Product Testing by a Regulated Monopolist," (with Y-S Chan and T. Campbell), Journal of Regulatory Economics, III (March 1991), 57-68.

 

·        "An Incentive Based Theory of Bank Regulation" (with T. Campbell and Y-S Chan), Journal of Financial Intermediation, II (September 1992), 255-276.

 

·        "Incentives for Information Production and Optimal Job Assignment with Human Capital Considerations" (with T. Campbell and Y-S Chan), Economica, LX (February 1993), 13-26.

 

·        "Regulation of Product Safety Characteristics under Imperfect Observability," (with Yuk-Shee Chan), Journal of Regulatory Economics VI (May 1994), 175-195.

 

·        "Myopic Investment Decisions and Competitive Labor Markets" (with T. Campbell), International Economic Review XXXV (November 1994), 855-875.

 

·        "Regulation of Product Safety Design Through Product Testing," Journal of Regulatory Economics VII (May 1995),255-274.

 

·        "Are Safety and Environmental Performance Standards Optimal Regulatory Instruments?," Journal of Regulatory Economics VIII (September 1995), 167-180.

 

·        "A Model of Product Recall with Asymmetric Information," Journal of Regulatory Economics XIII ( November 1997), 245-265.

 

·        "Regulation of Performance Standards versus Equipment Specification," Journal of Regulatory Economics XIV ( July 1998),5-18.

 

·        "Internal Competition for Corporate Resources and Competition in Teams" (with Jan Zabojnik), Rand Journal of Economics XXXV (Winter 2004), 710-727.

 

·        "Decision Process, Agency Problems and Information:  An Economic Analysis of Budgeting  Procedures" (with John Matsusaka), Review of Financial Studies XVIII (Spring 2005). 301-325.

 

·         "Exceptions to the Rules:  Variances from Regulatory Standards," Journal of Regulatory Economics XXIX (March 2006), 127-150 (Lead Article).

 

·         "Delegation versus an Approval Process and the Demand for Talent," International Journal of Industrial Organization XXIV (May 2006), 487-503.

 

·        "Merger, Ease of Entry and Entry Deterrence in a Dynamic Model," (with J. Zabojnik), Journal of Industrial Economics LIV (September 2006), 397-423.

 

·        "Delegation versus Veto in Organizational Games of Strategic Communication," Forthcoming, Journal of Public Economic Theory IX (December 2007), 979-992.  .

 

·       "Synergistic Mergers in an Agency Context:  An Illustration of the Interaction of the Observability Observability Problem and Synergistic Merger," (with Tim Campbell), in Aggregation, Efficiency, and Measurement, R. Fare, S. Grosskopf and D. Primont,  Editors, Vol. XVIII, Springer, 2007, pp.45-62.

 

·       "Work-Related Perks, Agency Problems, and Optimal Incentive Contracts," (with Jan  Zabojnik), Rand Journal of Economics XXXIX (Summer 2008), 565-585.

 

·        "A Rent Extraction View of Employee Discounts and Benefits," (with Jan Zabojnik),

       Journal of Labor Economics XXVI (July 2008),485-518.  

 

·        "Disobedience and Authority," (with John Matsusaka and Jan Zabojnik),

       Journal of Law Economics and Organization XXVI (December 2010),427-459

       (Lead Article).  

 

·        "Simultaneous versus Sequential Knowledge Transfer in an Organization,"

        Information Economics and Policy XXIII  (December 2011), 252-269.

 

·        "Transparency in Agency: The Constant Elasticity Case and Extensions,"

       International Journal of Industrial Organization  XXXIII, (March 2014), 9-21.

 

·        "Disclosure of Status in an Agency Setting," (with Oguzhan Ozbas), The Journal of Economic Behavior and Organization CV, (September 2014), 191-207.

 

·        "Work Environment and Moral Hazard,"  The Journal of Regulatory Economics XLVIII, (August 2015), 53-73.

 

·        "Design of Firm Specific Training in an Agency Relationship: Who Should Take the Initiative?,"   Managerial and Decision Economics, XL (March 2019), 127-140. (Lead Article)

 

·        "Motivation, Human Capital Investment and Compensation in an Agency Problem," Journal of Management and Strategy X (August 2019), 37-58.

 

·        "Banning Information in Hiring Decisions," Journal of Regulatory Economics, LVIII  (August 2020), 33-58.

 

·        "Product Recall with Symmetric Uncertainty and Multiunit Purchases," Journal of Regulatory Economics LX (August 2021), 1-21. (Lead Article)

 

·        "Productivity Investment with Hidden Action," Journal of Economic Behavior and Organization CXC, (October 2021), 154-163.

 

·        "Political and Non-Political Side Activitiess in an Agency Framework," Forthcomimg, Economics of Governance XXV, (January 2024),1-27.

 

 

 

 

 

BOOK

·        Microeconomic Cases and Applications. with T. Gilligan and M. Zupan, Harper Collins, 1992.

 

REVIEW WORK

 Paper Referee:

·        The Review of Economic Studies

·        The American Economic Review

·        The Journal of Political Economy

·        The Journal of Labor Economics

·        The International Economic Review

·        The Rand Journal of Economics

·         Economic Inquiry

·        The Journal of Economic Behavior and Organization

·        The Southern Economic Journal

·        The Quarterly Review of Business and Economics

·        The Journal of Comparative Economics

·        The Journal of Industrial Economics

·        The International Journal of Industrial Organization

·         Economic Journal

·        The Energy Journal

·        The Journal of Regulatory Economics

·        The Journal of Environmental Economics and Management

·        The National Science Foundation

·        The Journal of Economic History

·        The Journal of Economics and Management Strategy

·        The Journal of Law Economics and Organization

·        The Journal of Productivity Analysis

·        The Canadian Economic Journal

·        The Journal of Institutional and Theoretical Economics

·        American Journal of Agricultural Economics

·        The Scandinavian Journal of Economics

·        The Manchester School

 

 

PRIMARY DEPARTMENTAL SERVICE

University of Kansas

·        1974-1976: Chairman, Economics Department Undergraduate Committee.

·        1976-1978: Economics Department Graduate Advisor for M.A. Students.

·        1974-1978: Economics Department Planning and Advisory Committee.

·        1980-1982: Economics Department Planning and Advisory Committee.

University of Southern California

·        1982-1984: Department of Finance and Business Economics (FBE) Research Committee and Director of the FBE Working Paper Series.

·        1984-1985: Director of the FBE Working Paper Series and  Member of the School of Business Undergraduate Steering Committee.

·        1985-1986: Co-Chairperson of the FBE Department, Director of FBE Working Paper Series, and The School of Business Undergraduate Steering Committee.

·        1986-1987: The School of Business Personnel Committee, The School of Business Dean's Fellowship Committee, and The School of Business Dean's Search Committee.

·        1987-1988: The School of Business Dean's Search Committee and The FBE Executive Committee.

·        1994: School of Business Personnel Committee

·        1991-1996: Director of Doctoral Programs, School of Business

·        1997-2000: Chairman, Department of Finance and Business Economics

·        2002-2006: Chairman, School of Business Graduate Curriculum Committee

·        2007-2010: School of Business Personnel Committee

·        2007-2013: University Committee on Academic Review

·        2011-2017: Chairman, Department of Finance and Business Economics

 

 

PROFESSIONAL ORGANIZATIONS

·        American Economic Association, Econometric Society

·        The Society for Economic Analysis.