Contact Information:
Address:
Department of Economics
Southern Methodist University
3300 Dyer Street,
Dallas, TX 75275-0496.
E-mail:
sroy@smu.edu
Phone: (214) 768-2714.
Fax: (214) 768-1821.
Office: 301-L Umphrey Lee, SMU.
CurriculumVita
(PDF)
Other academic positions held:
Education:
Research Fields:
CURRENT RESEARCH TOPICS
* Markets with Incomplete Information:
- Dynamics with Adverse Selection (Heterogenous Agents)
- Signaling quality through prices in an oligopoly.
* Industry Dynamics with Endogenous Technological Change: Externalities.
* International tax competition and agreements: Nondiscrimination, Endogenous capital mobility and Dynamic Inconsistency.
* Voluntary Contribution to Charities & other Public Goods: Incomplete Information.
* Economics of Prevention and Control of Invasive Species: Trade Policy & International Agreements.
* Stochastic Growth Theory: Invariant Distributions, Extinction.
* Economics of Global Climate Change: Uncertainty & Discounting.
Description of Research Program(PDF, 2005)
Research Grants:
* USDA Grants under Program on the Economics of Invasive Species Management:
2003-07: "Randomly Introduced Biological Invasions: The Economics of Prevention and Control" (co-PI: Lars Olson, University of Maryland).
2005-08: "Strategic Policy for Prevention of Invasive Species in Dynamic International Trade Relationships" (co-PI: Lars Olson, University of Maryland).
* Environmental Defense Fund:
June- Dec, 2008: "Economic Growth with Carbon Constraints, Uncertainty and Non-convexity"
* FIU Foundation Summer research Grant, 2002.
* European Community Research Grant under TACIS-ACE Programme, 1996.
* "Repeated charitable contributions under incomplete information" (with Parimal Bag), Economic Journal
118 (525), January 2008, 60-91.
* "Controlling a Biological Invasion: A Non-Classical Dynamic Economic Model" (with Lars Olson), Economic Theory 36, September 2008, 453-69.
* Non-convexity, Discounting and Infinite Horizon Optimization (with Mukul Majumdar) in Recent Advances in Infinite Horizon Optimal Control (A. Zaslavski, ed.), Nova Science Publishers, forthcoming.
* "A Non-smooth, Non-Convex Model of Economic Growth" (with Takashi Kamihigashi), Journal of Economic Theory 132(1), January 2007, 435-560.
* "On the Possibility of Extinction in a Class of Markov Processes in Economics" (with Tapan Mitra), Journal of Mathematical Economics 43(7-8) Sep 2007, 842-854.
* "Dynamic Optimization with a Non-smooth, Non-convex Technology: The case of a Linear Objective Function", (with Takashi Kamihigashi), Economic Theory 29(2), October 2006, 325-40.
* "Optimal Exploitation of Renewable Resources Under Uncertainty and the Extinction of Species" (with Tapan Mitra), Economic Theory 28(1), May 2006, 1-23
* "On Control and Prevention of an Uncertain Biological Invasion" (with Lars Olson), The Review of Agricultural Economics 27 (3), 491-497, 2005.
* "On Durable Goods Markets with Entry and Adverse Selection" (with Maarten Janssen), Canadian Journal of Economics 37(3), Aug 2004, 552-90.
* "Dynamic Trading in a Durable Good Market with Asymmetric Information" (with Maarten Janssen), International Economic Review 43(1), February 2002, 257 - 282.
* "On Sustained Growth under Uncertainty" (with Paul de Hek), International Economic Review, 42(3), August 2001, pp. 801-814.
* “The Economics of Controlling a Stochastic Biological Invasion” (with Lars Olson), American Journal of Agricultural Economics, 84(5), 1311-16, 2002.
* "Theory of Stochastic Optimal Growth" (with L. Olson), Handbook of Optimal Growth - Volume I: Discrete Time (Eds., R. A. Dana, C. Le Van, T. Mitra & K. Nishimura), Springer, 2006 .
* "Dynamic Efficiency of Renewable Resource Conservation under Uncertainty" (with Lars Olson), Journal of Economic Theory 95(2), pp. 186-214, December, 2000.
* "Inter-firm Complementarity in R&D Resources: Competitive Research Joint Ventures vs. Independent R&D", (with Nejat Anbarci and Robert Lemke), International Journal of Industrial Organization 20 (2002), 191-213.
* "On Sustainable Growth", Encyclopedia of Life Support Systems, UNESCO.
* "Strategic Segmentation of a Market", International Journal of Industrial Organization 18 (8), (December, 2000) pp. 1279-1290.
* "Cost Reducing Investment, Competition and Industry Dynamics" (with Emmanuel Petrakis), International Economic Review, 40(2), 381-401, May, 1999.
* "On Strategic Vertical Foreign Investment" (with Jean-Marie Viaene), Journal of International Economics, 46(2), 253-279, 1998.
* "Preferences, Country Bias and International Trade" (with Jean-Marie Viaene), Review of International Economics, 6(2), pp. 204-219, 1998.
* "The Learning Curve in a Competitive Industry" (with Emmanuel Petrakis and Eric Rasmusen), Rand Journal of Economics, 28(2), pp. 248-268, 1997.
* "On Conservation of Renewable Resources with Stock-Dependent Return and Non- Concave Production" (with Lars Olson), Journal of Economic Theory , 70(1), pp.133-157, 1996.
* "Risk Preference and Indirect Utility in Portfolio Choice Problems" (with Rien Wagenvoort), Journal of Economics, 63, pp. 139-150, 1996.
* "Economic Models of Survival Under Uncertainty", Proceedings of the First World Congress of Nonlinear Analysts (ed. V. Lakshmikantham), Volume III, Walter de Gruyter & Co. (New York), pp. 2873-2884, 1996.
* "Theory of Dynamic Portfolio Choice for Survival Under Uncertainty", Mathematical Social Sciences, 30, pp. 171 - 194, 1995.
* "On Income Fluctuations and Capital Gains with a Convex Production Function: A Note", Journal of Economic Dynamics and Control, 18(4), pp. 1199-1202, 1994.
* "On Some Aspects Of Survival Under Production Uncertainty" (with Tapan Mitra), Economic Theory, 3(3), pp. 397-411, 1993.
Link to SMU Magazine article on my research on the economics of extinction of species.
(Graduate) Introduction to Quantitative Economics (Fall, 2008).
(Graduate) Industrial Organization Theory (Spring, 2008)
(Graduate) Microeconomic Theory II, Spring, 2008.
Theory of Industrial Structure (ECO-4371), Fall, 2007.
Strategic Behavior (ECO-5341), Spring 2006.