A Report from the Chair

DEPARTMENT NEWSLETTER • UNIVERSITY OF COLORADO AT BOULDER • FALL 2007 A Report from the Chair

Nicholas Flores FACULTY NOTES

Lee Alston gave his presiden- Dear Alumni and Friends tial address to the Interna- I send greetings on behalf of the CU-Boulder tional Society for the New Department of Economics faculty and staff. In Institutional Economics in order to get the newsletter out before the Reykjavik, Iceland, in June arrival of the fall students, I am writing this 2007. He recently published the following: “Who Should mid-summer. Apart from the Shakespeare Govern Congress? Access to Festival and Freshman Orientation, campus is Power and the Salary Grab of quiet and so I find this a good time to reflect 1873” (with Jeffery A. Jenkins on some of the many exciting things that hap- and Tomas Nonnenmacher), pened in the department during the 2006– Journal of Economic History, September 2006; “Pork for 2007 academic year. At the time of last year’s Policy: Executive and Legis- newsletter, we were preparing for our depart- lative Exchange in Brazil” ment’s 50th anniversary celebration. This (with Bernardo Mueller), event, held in October 2006, was very well Journal of Law, Economics and attended with CU economics graduates, facul- Organization 22, Number 1 ty, staff, and friends spanning over 50 years. (Spring 2006): 87–114; “The “Case” for Case Studies in the Attendees were treated to great food, lively New Institutional Economics” economics panel discussions, and special address and a packed house cheered the grad- in New Institutional Economics: music and remembrances from Grammy uates as they prepared for the next phase of A Guidebook, eds, Jean-Michel Award winning musician and CU economics their lives. This was the largest economics Glachant and Eric Brousseau, graduate Don Grusin. Stay tuned for future graduation celebration in the history of CU. Cambridge, Massachusetts, Cambridge University Press, events that will bring together department As the profile and reach of our department 2007. During the past year, graduates, faculty, staff, and friends. expand, so do the opportunities for our gradu- Lee gave numerous presenta- ates. Our BA graduates continue to land inter- tions at conferences and uni- Student News esting jobs all over the world and gain accept- versities. The CU Department of Economics continues ance into graduate and professional programs Tania Barham made presenta- to extend its reach around the world. During in the world’s finest universities. Our PhD tions during the past academ- the past academic year, over 300 undergradu- graduates are increasingly receiving offers ic year at the American from research universities (see placement Society of Health Economists ate students received their BA in economics Conference and the Stanford and 30 graduate students received either an information in this newsletter), signaling that Institute for Theoretical MA or PhD in economics. Mid-December of the value of CU economics graduate training Economics: Health and 2006 ushered in a major blizzard just as finals is on the rise in the marketplace. Development Workshop. Her were getting underway. While all non-essential outreach activities to the Faculty and Staff News Ministry of Education of staff were instructed to stay home due to bliz- Yemen included a presenta- zard conditions, finals proceeded as sched- Professor James Markusen was named a uni- tion titled “Randomization uled. In the midst of all the excitement of fac- versity distinguished professor in recognition for Program Evaluation,” and ulty sleeping in their offices to proctor their of his distinguished scholarship, exemplary consultation on the Design finals and Boulder grocery store shelves grow- teaching, and exceptional service. Professor of Program and Evaluation ing bare, the department graduation ceremo- Markusen is one of just 34 faculty to hold this for Yemen Girl’s Education ny fell victim to cancellation. To make up for title across all three University of Colorado continued on page 2 the disappointment of this cancellation, the campuses. Keith Maskus, our previous depart- department held a joint winter/spring gradua- ment chair and Stanford Calderwood tion ceremony in the Glenn Miller Ballroom continued on page 2 on May 10. Professor Curtis Eaton (BA ’65, PhD ’69) delivered the commencement FACULTY NOTES (cont.) From the Chair, continued from page 1 ing the 2007–2008 academic year. Our third new hire is Professor Xiaodong Liu, who is Conditional Cash Transfer Endowed Professor of Economics, is the new joining us after completing his PhD at the Program, with research sup- associate dean of social sciences in the College Ohio State University. Professor Liu’s research port through the World Bank. Tania has secured the of Arts and Sciences. Kudos to Keith for his develops econometric models of social interac- CARTSS Scholar Program influential report, Reforming U.S. Patent tion and spatial econometrics. Professor Liu Grant and the Population Policy: Getting the Incentives Right, which was will teach econometrics during the 2007–2008 Center Development Grant published by the Council on Foreign academic year. to investigate the social and Relations. For more information, including a economic impacts of electricity provision in Brazil, with Washington Post editorial citing this report, State of the Budget and Financial A. Mushfiq Mobarak as co- see the News & Events section on our website Support principal investigator. (www.colorado.edu/economics). Upon return- For the short term, the financial picture for M ing from a year abroad as a Fulbright Scholar, CU has improved relative to three or four Professor Robert McNown is the new director years ago. Voters approved keeping tax dollars Ann Carlos was elected vice of the CU International Affairs Program. After president of the Economic in the state budget that otherwise would have History Association. Also, 41 years as an economics professor at CU, been returned to taxpayers under the Tax- she presented a paper at Frank Hsiao retired at the end of May and he payer Bill of Rights (TABOR). Some of these ‘Credible Commitment’? Re- is now a professor emeritus (see article in this retained funds are being directed toward Examining the Foundations newsletter). Terra McKinnish was promoted to of Trust in the English Public higher education, which has partially relieved associate professor with tenure. In early 2007, campus budget pressures. However in the Debt, Sawyer Mellon Con- Julia Perez retired from her position as gradu- ference, University of Cam- long run, we still face the reality that the state bridge, England, January ate program coordinator and Patricia of Colorado does not support CU at levels 2007. Holcomb joined us as the new graduate pro- enjoyed by our peer institutions such as the M gram coordinator in February. University of Texas or campuses in the Univer- Charles de Bartolomé present- The department successfully recruited three sity of California system. Growing departments ed the paper “The Race to new assistant professors during the academic like ours desperately need more faculty in the the Suburbs: the Location of year, which is quite an accomplishment. This is classroom while steadily increasing enroll- the Poor in a Metropolitan the first time in my 12 years at CU that we ments are creating a critical classroom short- Area” at the Regional Science have added a new faculty position, which is age across the campus. This leads me to my Association Meetings in Tor- onto, Canada, in November noteworthy because in that period, the num- final topic, your financial support. 2006; the University of ber of undergraduate majors has increased The quality of public education at CU is high- Connecticut in April 2007; from approximately 300 to over 900. Francisca and the Association of Public ly dependent on the financial support of Antman joins us in fall 2007 after completing alumni, alumni families, and friends of the Economic Theory, Nashville, her PhD at Stanford University. Professor Tennessee, in July 2007. university. In all likelihood, this dependence Antman’s research lies at the intersection of M will only intensify in the years to come. For development, labor, and public economics. In this reason I ask you to support CU. While you Ufuk Devrim Demirel has pre- her dissertation research, Professor Antman can choose to support the university broadly, sented papers at the follow- applies economic theory and econometrics to ing events: the annual meet- you can also direct your contributions to the explore the impact of U.S. migration on Department of Economics. You will find giving ings of the Society for Com- Mexican families. Professor Antman will teach putational Economics, information on page 11 of this newsletter. Montreal, Canada, June development economics and labor economics Your contributions help us maintain a compet- 2006; annual Midwest Macro during the 2007–2008 academic year. Martin itive edge in education, research, and service. Theory Meetings, Federal Byford joins us in fall 2007 after finishing grad- Reserve Bank of Cleveland, uate work in economics at the University of Thank you. April 2006; and annual Melbourne. Professor Byford is a microeco- Eastern Economic Associa- Nicholas Flores tion meetings in New York, nomic theorist with specific research interests February 2006. in industrial organization and game theory. In his dissertation research, Byford translates Also, he has served as a judge for the FED Challenge which theoretical models of non-transferrable utility is an economics competition coalition games into industrial organization sponsored by the Federal problems including Bertand price setting Reserve in which high school games, spatial competition, and price competi- students conduct research, tion in network environments. Professor analyze economic data, and Byford will teach microeconomic theory dur- recommend a course of action for monetary policy by deciding whether the FED should raise, lower, or maintain interest rates. Electronic Communications Nicholas Flores hosted the eighth annual CU Environ- The department is exploring delivering the newsletter and other department communications via e-mail mental and Resource Econo- in addition to regular mail. If you would like to receive electronic communications, please complete the mics Workshop in Vail, Colo- “Let Us Hear From You” form in this newsletter. Be sure to provide/ update your e-mail address. Or, e-mail rado, in September 2006. He the information to [email protected]. continued on page 3

2 Against Better Judgment: Prequalification FACULTY NOTES (cont.) served as the program com- in Procurement Auctions mittee chair for the Associa- tion of Environmental and Jennifer Lamping Resource Economics, organ- Assistant Professor, Department of Economics izing sessions at the 2007 Allied Social Sciences meeting in Chicago and the 2006 Whether it is a household purchasing cleaning heavily weighted factor” (Gehrke et al., 2007). Summer Meetings of the supplies or the U.S. Department of Defense The U.S. Navy has been known to administer a American Agricultural purchasing a weapons system, procurement is prequalification stage when procuring more Economics Association in one of the most basic commercial activities. complex items, such as storage tanks, ejection Longbeach. Also, Nicholas is a principal investigator of the For some large organizations, procurement sequencers, and turbo engine blades. Engi- National Center for Earth- expenditures can total billions of dollars. It neering data collected as part of the RFQ surface and Dynamics makes sense, then, that managers and aca- (request for qualifications) process is used to (NCED), a National Science demics alike devote substantial time and atten- certify potential bidders (Mabert and Skeels, Foundation Science and tion to finding the most cost-effective ways to 2002). Indeed, the two-stage scheme is prac- Technology Center. NCED implement the procurement process. received additional funding ticed across so many industries and for so for the years 2007 through many different products that it would appear Traditionally, organizations have used a simple 2012. NCED supports his to represent an optimal way to make procure- RFP process: a firm issues a request for pro- research and provides fund- ment decisions, were it not for one thing: most ing for economics graduate posals (RFP), potential suppliers submit pro- economists do not think this two-stage scheme student training at CU. And posals in response, and the firm reviews the is optimal. Nicholas completed the proposals to select the supplier who offers the Chicago Marathon in 3 hours best combination of price and quality. The academic literature suggests that auctions and 10 minutes. which include a prequalification stage are sub- As shown by Che (1993) and Rezende (2006), Philip Graves recently pub- optimal for two reasons. First, prequalification lished his seventh book, the problem with the RFP process is that it reduces the number of participating bidders, Environmental Economics: A does not apply enough pressure on suppliers which in turn reduces competitive pressures. Critique of Benefit-Cost Analysis, to lower prices. In an effort to address this Rowman & Littlefield, March If bidder quality is a concern, one could simply problem, various organizations have been 2007. He also presented use a scoring rule with a greater weight experimenting with auction-style mechanisms, “Non-Optimal Regional applied to the relevant quality dimensions. which apply a greater weight to price in the Sprawl: Filtering Implications Doing so would retain the effect of prequalifi- of Central City Public Good selection process and provide greater trans- cation without explicitly removing bidders Provision Failure” at the parency. These efforts have been quite success- from the pool. Second, it has been shown that North American Regional ful, generating cost savings of 5% to 15% in Science Council (NARSC) the optimal procurement mechanism need many cases (Gehrke et al., 2007). meetings, 53rd Annual North not include a prequalification stage. Theo- American Meetings of the One auction mechanism that is particularly retical work in auctions has demonstrated that Regional Science Association prevalent employs a two-stage process. In the the optimal outcome can be achieved by insti- International, Fairmont first stage, potential suppliers are prescreened tuting a scoring rule that understates the Royal York, Toronto, Ontario, Canada, November on the basis of documentation they are asked importance of quality (relative to price) and 16–18, 2006. to submit. Those qualified move on to the sec- establishing a minimum score that must be ond stage, where they participate in the auc- met in order for a bid to be viable. Frank Hsiao recently published two papers. One is tion itself. In some cases, the auction’s selec- It is against this backdrop that the following “FDI, Exports, and Growth in tion mechanism is purely price-based: the bid- question may be asked: why is the two-stage East and Southeast Asia— der who offers to supply the product or serv- Panel Data versus Time- procurement scheme so prevalent in practice ice at the lowest price is awarded the contract. Series Causality Analyses” when the academic literature seems to counsel In other cases, the auction selects the winning (with Mei-Chu W. Hsiao), in against it? Moreover, if the optimal auction can supplier by applying a “scoring rule.” A scor- the Journal of Asian Economics, be implemented in a single step as described Vol. 17, No. 6, December ing rule uses a weighted average of price and above, why do organizations go to the extra 2006. This paper is the quality to assign a score to each bidder. The effort of instituting an additional prequalifica- expanded version of the bidder with the highest score is awarded the paper he presented at Inter- tion step? contract. Scores tend to be heavily weighted national Conference on toward price so that in most cases, the winner An important assumption in the theoretical lit- “Korea and the World Economy, V” in summer is the bidder offering to supply the product or erature is that quality can be easily quantified 2006. The second paper is service at the lowest price. and “plugged into” a scoring rule. That is, it “Prospects of a U.S.-Taiwan must be the case that scores are assigned in an Free Trade Agreement–The This two-stage auction scheme is practiced unambiguous and transparent fashion. The lit- China Factor and Critical across a wide variety of organizations. erature also assumes that the procuring organ- Assessments” (with Mei-Chu Pharmaceutical giant Pfizer prescreens poten- W. Hsiao) in Economic Integra- ization is able to act in a manner which belies tial suppliers on the basis of quality criteria tion, Democratization and its true inclination. It must, in other words, be such as global capacity, financial stability, risk National Security in East Asia: able to commit to a scoring rule that down- management, and past history and perform- A Shifting Paradigms in U.S., plays the importance of quality and overstates China, and Taiwan Relations, ance. Those suppliers who make the initial cut the importance of price. are invited to participate in an online auction. continued on page 4 The final selection is made by applying a scor- continued on page 7 ing rule that features “bottom-line price as a 3 FACULTY NOTES (cont.) HIV/AIDS in India: “A Window of Hope” edited by Peter Chow, Northampton, MA: Edward Piya Sorcar Elgar. 2007, pp. 191–239. Also, Frank wrote two book The UN recently identified India as having the reviews: review of Miracle, largest number of HIV/AIDS sufferers in the Crisis and Beyond, A Synthesis of Policy Coherence Towards East world. HIV/AIDS is a grave problem for the Asia, Organization for world, with nine out of 10 infected individuals Economic Co-operation and being unaware of their serostatus. India’s 5.7 Development (OECD), edit- million cases present many unique challenges. ed by K. Fukasaku, M. Kawai, Unlike in the United States, sexual practices M.G. Plummer, A. Trzeciak- cannot be openly discussed in India due to the Duval, 2005, 87 pp., reviewed in Asian-Pacific Economic social stigma attached to such topics, and even Literature, Vol. 21, No. 1, May the provision of basic sex education is being 2007, pp. 74–75; review of reduced over time. For the past two years I China and the Challenge of have conducted research at Stanford Univer- Economic Globalization: The sity, working on new ways to address some of Impact of WTO membership, edited by Hung-Gay Fung, these challenges to help provide education for Changhong Pei, and Kevin HIV/AIDS prevention. Zhang, 2006, 317 pp., Although I am a born and raised Coloradan, I Armonk, New York, M.E. Sharpe, forthcoming in have always been interested in India. My family Journal of Asian Business, originates from West Bengal, India, and I have 2007. Kevin Zhang, PhD ’96, visited India numerous times throughout my currently is teaching at life. I have been fortunate to have had many Illinois State University. opportunities which are not available to the Piya Sorcar Wolfgang Keller moved for- average resident of India. I attended the pub- ward several new research lic school system in the Denver metro area, about how to protect themselves. In addition, projects. The paper “Tariffs, completed my undergraduate education at the lack of privacy in Indian culture makes it Trains, and Trade: The difficult to research these topics individually. Relative Importance of CU, and am now doing graduate work at Stan- Institutions and Technology ford. During my academic career I have always Thus, although the World Bank says that HIV/ in the Expansion of Markets” been intrigued and, to be frank, shocked by AIDS education represents “a window of hope” (with Carol H. Shiue) was pre- the disparity in circumstance between myself in curbing the spread of the disease, the best sented at the October 2006 and the hundreds of people I saw on my visits National Science way to provide that education remains unclear. Foundation-sponsored con- to India. My study of economics raised ques- Since sexual health education is not easily ference on European tions about the systemic economic and social delivered through the traditional educational Economic Growth in Lund, differences between life in the United States system, HIV/AIDS campaigns have primarily Sweden, as well as at the versus life in India, and the impact this differ- been launched through the mass media (mes- NBER International Trade ence has on the average person in India. meetings in Cambridge, MA, sages on billboards, television spots, radio ads, in March 2007. So why is it so hard to provide effective HIV/ etc.) in order to reach large populations. While this method is effective in simultaneously Together with Bridget AIDS education in India? As a culturally Strand, a doctoral student at diverse yet socially conservative country, India reaching a large number of people to raise CU-Boulder, Wolfgang is faces the challenge of educating its populace awareness, there are many reasons why its focusing on the international about HIV/AIDS prevention and treatment exclusive use is incapable of stemming the tide transfer of technological methods while avoiding the subject of sex—a of the epidemic. First, since advertising is knowledge between parents expensive, the educational messages are dis- and affiliates of US multina- topic considered taboo in open discussions. tional companies. His ongo- As such, academic institutions do not provide persed as terse segments (e.g., television spots ing research on Wal-Mart’s students with practical education about pre- are approximately 30 seconds, billboards usual- entry into the Mexican mar- vention. ly carry one or two messages), making it diffi- ket has been cited in various cult for learners to build a more concrete con- sources including web blogs. In fact, sex education has recently been abol- ceptual framework since they must piece His paper “Market ished in six of the 28 Indian states (Zaheer, together the messages in a coherent form. Integration and 1 2007). The chief minister of Karnataka, one Second, depending on the type of media, only Development: A Long-run of the highest-risk states, says, “Sex education Comparison” (with Carol H. specific groups are exposed to the educational Shiue) was published in may be necessary in Western countries, but messages. For example, television ads are only February 2007 in the Review not in India, which has rich culture. It will delivered to homes with television sets and of Development Economics. have adverse effect on young minds, if imple- electricity, which tend to be the higher socioe- 2 M mented” (Gentleman, 2007). Still further, conomic classes. Billboards’ HIV/AIDS mes- Shivraj Singh Chouhan, chief minister of sages are usually expressed in written text, Jennifer Lamping presented Madhya Pradesh, says that sex education has the paper “Ignorance Is Bliss: which can only be read by literate people. Matching in Auctions with an “no place in Indian culture.” Instead of sex According to 2001 India census data, India’s Uninformed Seller” at the education, Chouhan plans to introduce a cur- national literacy rate is only 65.2 percent. 3 North American Summer riculum on yoga (!) for youth (Sify, 2007). Finally, media campaigns only allow for one- Meeting of the Econometric Indian youth are often fearful or embarrassed way communication. Although interventions continued on page 5 to ask their parents, teachers, or even doctors delivered through mass media are not entirely 4 effective, they are clearly better than providing NGOs. We hope these efforts will help pro- FACULTY NOTES (cont.) no information at all. duce a much more prevalent and culturally sensitive set of curricula throughout India and Society in Minneapolis, It was after learning about such difficulties in Asia, and help prevent the spread of HIV. Minnesota, in June 2006 and delivering prevention education that I brought at the Western Economic together a team of experts spanning the fields As I work on these projects, I am constantly Association International of medicine, biology, human computer inter- reminded of my time at CU. I am indebted to Annual Conference in San the economics department, and particularly Diego, California, in July face, communication, and education, from 2006. The paper is currently both Stanford and CU, to brainstorm possible my advisors, Michael Greenwood and Ann under review. ways to address this problem. Through Carlos, as well as Nicholas Flores, for providing Also, Jennifer is the principal Stanford’s School of Education, we ran an me immeasurable guidance and inspiration investigator for a research Institutional Review Board-approved (Human since my days at CU. It was in the economics grant provided by the under Subjects Research Review) study on 200 young department that I studied one of India’s prob- secretary of defense for adults in India to better assess the current atti- lems formally for the first time, writing my acquisition, technology, and tudes, knowledge, and beliefs of individuals undergraduate thesis on the flow of certain logistics, U.S. Department types of capital from the United States to of Defense. The grant totals and to test various images which conveyed pre- $89,625 and supports vention messages while maximizing comfort India. I learned how to conduct primary research on alternative mech- and efficacy. research (which at the time was uncommon anism design for defense for undergraduates to do), structure problems, acquisition. Co-principal We realized that in order to get HIV/AIDS apply formal analysis, and finally write a coher- investigators are Peter education into academic institutions, we would ent academic paper. Those skills helped pre- Coughlan and Bill Gates, have to develop learning materials in a cultur- pare me for economic consulting at Analysis both of the Graduate School ally and socially sensitive way. It was through a of Business and Public Policy, Group after graduation, and I continue to rely Naval Postgraduate School. series of testing images and words on Indian on them in my research at Stanford. The students and 150 iterations that a final story- James Markusen has been Department of Economics will always be my designated a University of board was designed. We developed a way of home and the place where I learned about the teaching HIV/AIDS education without directly Colorado Distinguished importance of pedagogically-sound, research- Professor. This prestigious talking about sex. Using learning goals, based based education and my responsibility to social title is extended to recognize on pedagogically sound education methods, justice. I hope to follow in the footsteps of the his outstanding contributions the Interactive Teaching AIDS application was great teachers I had there and help educate to economics and high degree of international visi- developed. The application targets vulnerable others. young adults to promote HIV/AIDS awareness bility with exemplary accom- Piya Sorcar (’01) is executive director of XRI Inc., a plishments in teaching, schol- despite cultural and social barriers abundant arship, and service. During in many developing countries. To minimize California-based 501(c)(3) nonprofit that specializes the past year Jim taught a the stigma associated with discussing sexual in rich media Internet-based medical and literacy computer modeling course practices, the biological aspect of HIV/AIDS is related education. She is also the head of Interactive in Kiel, Germany, in January; emphasized, utilizing animated agents and Teaching AIDS, an animation-based curriculum presented at the Annual avatars to maximize comfort and efficacy. Our developed to teach HIV/AIDS awareness and preven- Lecture Series on Interna- tional Trade at the University plans are to deliver content via the Internet, tion strategies. She earned her MA in Education of Nottingham, England, in mobile devices (for privacy), and comic books and is currently pursuing a PhD in learning sci- February; and presented lec- (in low-tech areas). ences and technology design/international compara- tures at the Organization for tive education at Stanford University. She was the Economic Co-operation and Two versions of this application are currently first person to graduate from CU-Boulder with three Development and the in production: (1) a general Asian version simultaneous bachelor’s degrees – a BS in journal- University of Paris in April. sponsored by the Medical Research ism and mass communication, a BS in business Keith Maskus has been Information Center, with funding from the administration, and a BA in economics (summa appointed associate dean for South Korean Ministry of Science and cum laude). social sciences beginning July Technology, and (2) an Indian research ver- 2007. During the past year sion funded by Vinod and Neeru Khosla and 1 Zaheer, Kamil (2007). “‘Get real’ and save Indian Keith gave numerous talks at conferences and universities. the Lena Kay Rufus Memorial Scholarship youth from AIDS – official.” Reuters, India. Online His recent publications resource: uk.reuters.com/article/ healthNews/ Fund of the Lutheran Community include: Reforming U.S. Foundation. Our team has been in contact idUKDEL6968520070517?feedType=RSS Patent Policy: Getting the with experts at Tsinghua University in Beijing, 2 Gentleman, Amelia (2007). “Sex education curricu- Incentives Right, Council on China, negotiating the development of a simi- lum angers Indian conservatives.” International Herald Foreign Relations, Special lar version for a Chinese audience. We plan to Tribune ASIA-Pacific. Online resource: www.iht.com/ Study no. 19, November 2006; “Vertical Distribution, articles/2007/05/24/africa/letter.php test learning and distribute the Asian version Parallel Trade, and Price in South Korea, and then expand to additional 3 Sify News “No sex education in Madhya Pradesh Divergence in Integrated geographies through talks with various educa- schools.” March 20, 2007. Online resource: Market” (with Mattias tion ministries and agencies and AIDS-related sify.com/news/fullstory.php?id=14412544 Ganslandt), European Economic Review, May 2007; “Efficiency and Revenue We are online! Issues in the Jamaican External Trade Sector“ (with You can read this newsletter and other archived newsletters online at Felix K. Rioja), Public Finance www.colorado.edu/economics/news/newsletter.html Review, January 2007. continued on page 6 Feel free to share this with your classmates.

5 FACULTY NOTES (cont.) Alumni Notes Edward Morey spent two Ignacio Alcala De Leon (MA ’75) received his PhD www. takegreatpictures.com. Robert was the months this past summer in finance from the Business School at Columbia keynote speaker at CU Boulder’s President’s working with researchers at University. He is the CEO of his consulting firm Leadership Annual Graduation Ceremony in the University of Padova 2000. He has written five books, the most recent (Padua) modeling recre- Alcala De Leon Y Asociados, S.C. which special- ational site choices for hikers izes in strategic reprofiling of business concerns. being Boulder: Yesterday & Today—A Photographic and climbers in the Veneto Retrospective. For this book he received an hon- Salvatore (Sal) Andriola (BA ’53) received a PhD in region of Italy (the Dolo- orary award from the Boulder Historical Society romance languages and a juris doctorate degree. mites and the PreAlps in for his contribution to Boulder History. Northeast Italy). Currently he is a retired administrative law judge. Prior to retirement, he handled and wrote deci- Doug Daniels (BA ’90) received his master of arts Edward’s publications include: “Valuing a change in sions on 3,330 labor law cases. Also, he held fac- degree in telecommunications from the Univer- a fishing site without collect- ulty positions in the romance languages at UCLA sity of Denver in 1995. He is currently the vice ing characteristics data on all and California State University at Chico. president of sales at LOC-AID Technologies in fishing sites: a complete but Salvatore also had a five-year career as an operat- Denver, Colorado. minimal model,” (with W. ic baritone in California, Arizona, Nevada, and Breffle [PhD ’99]), American Ann Ezzell Ellis (BA ’66) currently is the owner Mexico. He has a pending publication of 100 Journal of Agricultural and CEO of Mile High Productions, LLC, in short stories, some about his undergraduate days Economics, Vol. 88 (1), Loveland, Colorado. The company produces 150–161, 2006; “Using in Boulder. He is widely traveled and continues major trade shows. In 1968 she received a com- Angler Characteristics and to have a full life which has included three wives, puter programmer excellence award. She has two Attitudinal Data to Identify four grandchildren, and two great-grandsons. Environmental Preference daughters: Alisa B. Burns (CU-Boulder, BA Classes: A Latent-Class Chris Blackwood (BA ’80, MA ’88) currently is Biology ’92, and two juris doctor degrees, Univer- Model” (with J. Thacher the managing director at Davidson Fixed Income sity of Denver ’95 and NYU, tax law, ’97) and [PhD ’03] and W. Breffle), Management, an investment advisory firm locat- Belinda Burns Paredes (Colorado College ’94). Environmental and Resource ed in Denver, Colorado. He served as the senior Economics, Vol. 34(1), 91-115, James G. Force (BA ’69) received his MBA from economist to the governor of Colorado from May 2006; “Combining Tulane University in 1979. He is retired from the Stated-Choice Questions with 1980 to 1986 and as the senior financial econo- US Coast Guard and currently is sailing the Observed Behavior to Value mist at Boettcher & Company from 1986 to 1988. NRDA Compensable Bahamas and Caribbean. Damages: Green Bay, PCBs Robert Castellino (BA ’85) is a master photogra- Devon Lynch (PhD ’05) has spent the past two and Fish Consumption pher, author, publisher, speaker, and the founder years at the Institute for Public Policy Studies at Advisories” (with W. Breffle, and CEO of Whispering River, LLC. He has a R. Rowe and D. Waldman), the University of Denver, Colorado. Starting in permanent exhibit at the Smithsonian Institution The Handbook of Contingent fall 2007 he will be an assistant professor in the in the Hall of Geology, Gems & Minerals and a Valuation, J. Kahn and A. Department of Economics at the University of permanent photographic exhibit at the Reed Alberini, Eds., Edward Elgar Massachusetts at Dartmouth. Publishing Ltd., March 2006. Photo Gallery. He also wrote an article for the continued on back page Anna Rubinchik wrote master photographers’ column featured at “Existence and Uniqueness of an Equilibrium in a Model of Spatial Electoral Compe- tition with Entry” (with Shlomo Weber), Advances in Mathematical Economics, forth- Remembrance coming 2007. She presented Ruth Bracey passed away on July 7, 2007, of “Intergenerational Equity amyotrophic lateral sclerosis (ALS), also and the Discount Rate for Cost-Benefit Analysis” (with known as Lou Gehrig’s disease. She was a Jean-Francois Mertens), at a beautiful person and staff member in the joint Public Economics and Department of Economics and School of Theory seminar at Cornell Journalism before her retirement in July 2006. University, at the Canadian She was also a dear friend to many. Economic Theory Confer- ence in Montreal, May 2007, Born in Jacksonville, North Carolina, to and at the Conference of the Robert L. Bracey and Joan Silver, Ruth’s family Society for the Advancement moved to Clinton, South Carolina, where she of Economic Theory on Current Economic Trends in grew up. She is survived by her partner, Bob Greece, June 2007. Also, McHugh, and her brother, Robert Bracey. Anna presented “Composi- tion of Spending and the Ruth referred to her journey with ALS as “an Architecture of a Cabinet” at incredible teacher.” The grace and mindful- the Public Economic Theory ness of her transition touched all those who Meetings in Nashville, chose to accompany her during the year and a Tennessee, July 2007. half since her diagnosis in 2006. Former staff members at a recent gathering: Nancy Grabowski, Donations may be made to Compassionate Grace Norman, Nancy Kovacic, Ruth Bracey, and Georgiana continued on page 7 Care ALS, P.O. Box 1052, West Falmouth, MA Esquibel 02574. The website is www.compassionatecare- als.org. 6 U.S. Patent Reforms Needed to Spur Innovation, Graduate Student Global Competition Placement Jared Carbone (PhD ’03)– The Council on Foreign Relations (the pre- tional patent standards that conform to the assistant professor at mier think tank devoted to independent U.S. system. Such efforts tend to create distrust Williams College, Williams- analysis of U.S. foreign policy and global polit- in other industrialized nations and resentment town, Massachusetts ical relations) published Professor Maskus’ of overall U.S. trade policy in the developing Christopher Goemans (PhD report Reforming US Patent Policy: Getting world, he contends. ’06)–assistant professor, the Incentives Right, Special Study no. 19. In Colorado State University, To read the full report, go to the Council on Fort Collins, Colorado the report issued in November 2006, Foreign Relations at www.cfr.org/publication/ Professor Maskus argues that the U.S. patent Woradee Jongadsayakul 12087. system has become increasingly inefficient (PhD ’06)–lecturer at Kasetsart University, Bang- and costly for companies that want to build kok, Thailand on the ideas of original inventors. The report David Kingsley concludes that well-meaning, but shortsight- (PhD ’07)– assistant professor at ed, legal conventions about patent protection Westfield State College, are hindering innovation and competition. Westfield, Massachusetts Among his recommendations for improving Shuichiro Nishioka (PhD U.S. patent laws, Professor Maskus argues that ’07)–assistant professor at the nation should “return to basic patenting West Virginia University, Morgantown, West Virginia principles and restore the system to one that encourages innovation rather than extraction Jason Pearcy (PhD ’07)– of payments from legitimate competitors.” assistant professor in the Department of Economics at Professor Maskus also recommends that the Tulane University, New U.S. abandon attempts to push for interna- Orleans, Louisiana Kremena Platikanova Gross (PhD ’06)–instructor at the Judgement, continued from page 3 Moreover, because the second-stage auction University of Colorado at operates on the basis of price alone, price Boulder Clearly, one or both of these conditions fail to competition will intensify for those bidders Azim Sadikov (PhD ’07)– hold in many cases. When any of these failures who do make it past the initial screening. researcher in the Policy occurs, the procuring organization may be My hypothesis is that the two-stage mechanism Development and Review unable to implement the optimal auction Department at the Interna- delivers a better outcome than the RFP process mechanism prescribed by the academic litera- tional Monetary Fund, and may be the best the procuring organiza- ture. If, for example, the application of the Washington, D.C. tion can do in light of the constraints imposed scoring rule is not transparent, then it is diffi- Aric Shafran (PhD ’07)–assis- by the failure of the two conditions. The mech- cult to hold the procuring organization to it. tant professor at California anism outperforms the RFP process because The organization may be tempted to discard Polytechnic State University, the price-based auction mechanism in the San Luis Obispo, California the announced scoring rule and select the bid- second-stage stimulates price competition der he most prefers. Sophisticated bidders will Joshua Sidon (PhD ’06)– while the pre-qualification process in the first understand the organization is likely to apply researcher at Science Appli- stage guards against contracting with a low- cations International a scoring rule that reflects its true prefer- quality supplier. This hypothesis would explain Corporation, Lakewood, ences. That is, sophisticated bidders will why the mechanism is so prevalent in commer- Colorado understand that the organization will apply a cial arrangements in spite of the academic Lei Yang (PhD ’07)–assistant higher weight to quality than what was findings. professor at Central Univer- announced. These bidders will respond by sity of Finance and Econo- bidding less aggressively, which results in a For more information about this project, mics, Beijing, China suboptimal outcome for the organization. please contact Professor Jennifer Lamping, Xiaofei Yang (PhD ’07)– [email protected]. Alternatively, consider a procurement mecha- adjunct assistant professor at University of Waterloo, nism in which bidders are pre-qualified on the Waterloo, Ontario, Canada basis of quality in the first stage and partici- References pate in a purely price-based auction in the sec- Che, Yeon-Koo, “Design Competition through Mei Yuan (PhD ’07)–senior Multidimensional Auctions,” RAND Journal of associate at CRA Interna- ond stage. Under such a mechanism, the abili- Economics, vol. 24, no. 4, Winter 1993, pp. 668- tional, Washington, D.C. ty to easily quantify quality is less important 680. because the auction does not take quality into Yuan Zhuang (PhD ’06)– Gehrke, Allen R., Elizabeth Faulkner, and Cindy researcher at Deloitte Tax account. Decisions in the second stage are LLP, Atlanta, Georgia made on the basis of price alone—which is van Dijk, “Reverse Auctions: Crusade or Curse?” Applied Clinical Trials, January 1, 2007. entirely verifiable and therefore easy to commit to. It is still the case that the intensity of Mabert, Vincent A. and Jack A. Skeels, “Internet price competition in the second stage is damp- Reverse Auctions: Valuable Tool in Experienced ened by reducing the number of participating Hands,” Business Horizons, July-August 2002, pp. bidders but this effect is counterbalanced by 70-76. the benefit associated with reducing the risk of Rezende, Leonardo, “Biased Procurement,” contracting with a low quality bidder. mimeo, University of Illinois, 2006. 7 The Worldwide Economics Department Network Robert McNown, Professor, Department of Economics with contributions from Lauri McNown, Senior Instructor, Department of Political Science

One special aspect of academic life is the opportunity to take a Australia). Soo is currently working for an online university, sabbatical which provides a chance to refresh, retool, and refo- developing instructional materials for distance learning of eco- cus. This past year I learned that it can be a wonderful oppor- nomics throughout Malaysia. She arranged two sets of presen- tunity to re-establish contacts and friendships, and to make tations, one at the University of Science, Malaysia, in Penang new relationships, both professional and personal. and the other at the University of Northern Malaysia near the Thailand border. As with all of our stops, our hosts treated us In my career at the University of Colorado my sabbaticals have well and made us feel incredibly special. I gave presentations taken me to Kathmandu, Beijing, and Semester at Sea. Each of on free trade agreements, the open source econometrics pro- these experiences added breadth and understanding to both gram, and my research on time series econometrics to eco- my world view and my approach to economics and teaching. nomics students and faculty, while Lauri lectured on American As I planned my 2006-2007 sabbatical year, I sought varied politics to students studying international relations. We had experiences based on the best of my previous experiences. lively and interesting discussions that added new perspectives I was fortunate to arrange not just one, but two very different to our own understanding of these topics. sabbatical experiences during the past academic year. I was Next we visited Gadjah Mada University in Yogyakarta, pleased to accept my second Fulbright grant, this time to the Indonesia, where we were hosted by Denni P. Purbasari (PhD, National Economics University (NEU) in Hanoi. My fall semes- economics, 2006, CU-Boulder). Although Denni is a new ter in Vietnam led to a deepening appreciation of the culture department member it was clear that she has already become and beauty of the country and the people, a fascinating look at central to the economics faculty, and is being courted by vari- an economy in transition, and friendships both in the ous government and international agencies that are interested Fulbright community and the university. My Fulbright project in taking advantage of her knowledge and skills. As in involved the development of instructional materials for an Malaysia, both Lauri and I gave multiple presentations and open source econometrics program that is available free on workshops and interacted extensively with faculty and students the Internet. The dissemination of these materials to students in several different departments. and researchers who are unable to afford expensive propri- etary software became an important part of my course in Although we have been to India several times, we had no aca- Vietnam and in later workshops. demic contacts. To this end we turned to Kishore Kulkarni, an adjunct professor in economics at CU-Boulder. Kishore put us For the second half of the school year my wife, Lauri (senior in touch with the School of Communication and Management instructor, Department of Political Science), and I put together Studies in Kochi, Kerala. After our hosts treated us to an a “lecture tour” based on contacts made throughout the years. overnight houseboat excursion on the famous “backwaters,” we Our network of former students, friends of colleagues, and for- earned our keep with two days of presentations on topics in mer visitors to the Economics Department became our road econometrics, trade agreements, and U.S. elections. Also, we map to four months of travel in Asia, Africa, and Europe, were interviewed for the local edition of The New India Times, undertaking professional activities in nine countries, each with primarily to learn Lauri’s assessment of Hilary Clinton, Barak ties to CU-Boulder. Obama, and the upcoming U.S. presidential election. After five months in Hanoi we left for our first stop in nearby Our next assignment was special in several ways. On my first Malaysia. Here our contact was Soo Khoon Goh (MA, econom- sabbatical in Kathmandu in 1980 I had a student, Devi Bedari, ics, 1996, CU-Boulder; PhD, University of Melbourne, who later came to CU to earn his PhD in economics. Devi and his wife, Meera, left Boulder in 1993 for a faculty position in Botswana and later moved to the University of Namibia. The chance to see good friends in such a distant location was wonderful, as was the interaction with his colleagues and researchers from the Central Bank, the Ministry of Finance, and the Ministry of Planning who attended my econometrics workshop. The chance to explore the very strange Namibian desert and beautiful wildlife park was an added bonus! Our network at CU includes some wonderful resources such as Dr. Dorothea El Mallakh, director of the International Center for Energy and Economic Development, who has extensive contacts in the Middle East. She put us in touch with people at the American University of Cairo where we were welcomed to a beautiful university in a fascinating city. After several days of presentations, we were treated to a department retreat at our host’s beautiful home overlooking the Red Sea. Visitors to CU were important points of contact for opportunities as well. John Cuddington, formerly from Georgetown and now at the Colorado School of Mines, invited me to present

Lauri McNown, Robert McNown, and Denni Purbasari continued next page

8 Frank S.T. Hsiao Four Decades of Outstanding Scholarship, Teaching, and Service In the fall of 1966, a young economist named Frank Hsiao typically defined as came to CU-Boulder as a visiting assistant professor after finish- “retired or honorably dis- ing his PhD in economics at the University of Rochester. As the charged from profession- country was torn by the Vietnam War and Bob Dylan’s song al service,” this is hardly “Like a Rolling Stone” topped the charts, Visiting Professor the case for Professor Hsiao was developing papers that would soon be published in Hsiao, who has over a the American Economic Review, the Journal of Political Economy, dozen research projects and Econometrica, all considered the premier scholarly journals underway and continues in economics. The quality of this work did not escape the to advise graduate stu- attention of the permanent CU economics faculty and Frank dents. This year we cele- Hsiao became an assistant professor in 1967, an associate pro- brate over four decades fessor in 1969, and a full professor in 1975. Among Professor of Professor Hsiao’s out- Hsiao’s many professional accomplishments to date, he has standing scholarship, published over 100 scholarly works, developed over 20 courses teaching, and service at for the University of Colorado, held visiting positions at many CU-Boulder. We look for- of the world’s finest universities, and served as primary advisor ward to Professor Hsiao’s to scores of undergraduate and graduate students. In May continuing contributions 2007, Professor Hsiao was unanimously voted professor emeri- as professor emeritus! tus by the CU economics department faculty. While emeritus is Frank S.T. Hsaio

Worldwide Network, continued from page 8 Department of Economics week-long workshops on the use of econometric software in two very different countries, Kenya and Croatia. The common 2006–2007 Awards experience in these countries was the opportunity to work with Stanford Calderwood Faculty Teaching Award central bank and finance ministry economists who are in a Scott Savage position to have significant impact on macroeconomic policy in Stanford Calderwood Student Teaching Award their own countries. Joe Craig Perhaps the most unusual stop on our itinerary, a place that few Graduate Award for Public Policy Research Americans visit, was Libya. Two former graduate students from James Scott Holladay the 1970s, Taher El Jehaimie and Mahmoud El Fakery, Reuben A. Zubrow Fellowship in Economics arranged invitations to Tripoli and Garyounis University in Samuel Raisanen and Nune Hovhannsiyan Benghazi. Taher, now minister of planning and formerly the governor of the Central Bank of Libya, and Mahmoud, who James C. Campbell Graduate Fellowship recently resigned after 15 years as president of the university, Yiqing Xie were warm and generous hosts. Lauri and I were welcomed to Morris E. Garnsey Fellowship the university and made presentations to members of the eco- William Olney nomics and political science faculties. We were also treated to Leslie Whittington Memorial Fellowship for excursions to some of the world’s best Greek and Roman ruins. Excellence in Economics Our trip wound down with our route taking us through Craig Kerr Europe. Here our main destination was to Oslo to see Knut Leslie Whittington Endowed Fellowship in Economics Seip, who was a visitor to the department during the fall of Jessica Vechbanyongratana 2005. Knut and I have pursued research on non-linear forecast- ing techniques, and although e-mail collaboration has been Yordon Prize in Microeconomics fruitful, there is nothing like actually getting together to ham- Po-Lu Chen mer out a research problem. Visiting Knut and his wife Annelill Best Published Faculty Paper in Public Policy (with a quick sidetrip to the fjords and Bergen) was a wonder- Keith Maskus (with Changying Li) ful culmination of this journey. “The Impact of Parallel Imports on Investments in Cost- The second half of my sabbatical may have been a bit uncon- Reducing Research and Development,” ventional, but it was fruitful in so many ways. What made the Journal of International Economics, 2006 experience extraordinary were the friends and colleagues from Val B. and Helen W. Fischer Scholarship for Academic the CU economics network who hosted us around the world, Superiority in the Social Sciences introduced us to other professionals, and added so much to Economics Ryan Hall our understanding of the societies where we visited. Sociology Jacoba Rock Political Science Michele Buckley Anthropology Taryn Tindall

9 Department of Economics 2006 Graduates

PhD Alpna Bhatia Christopher G. Goemans Kremena S. Platikanova-Gross Katherine M. Sauer Kiyoshi Yonemoto Vahram Ghushchyan Woradee Jongadsayakul Denni P. Purbasari Joshua B. Sidon Yuan Zhuang Master of Arts Woong Jae Baek Desu Liu Andrew G. Meyer Watcharapong Ratisukpimol Luis B. Torres Ruiz Matthew H. Benton Joyce Chia-Heng Loh Grzegorz Pac Vanessa V. Ribeiro Jessica M. Vechbanyongratana Mariya Burdina Karen K. Maguire Samuel R. Raisanen Jose I. Rodriguez Sanchez Li Xie Joe D. Craig Neil E. Metz Bachelor of Arts Ryan M. Abman Aaron L. Culbertson Jon E.B. Hepler Carly M. Newlands Peter W. Seyfried Nicholas A. Abrahamsen Kyle J. Culotta Thomas G. Herman Jonathan N. Nguyen Kelsey A. Sherman Christopher M. Achatz David S. Currier Benjamin C. Hewitt William S. Nichols IV Justin A. Shuler Gregory R. Adams John G. Dallager magna cum laude with distinction cum laude Obed T. Afrasa Kristen A. Danels Richard S. Hodges Darren K. Norton Zachary S. Shulman Andrew W. Aitchison Myra G. Dawson Brian S. Hunt Jr. David M. Nuffer Trinidad C. Silva Christopher J. Albrecht Suzanne M.A. De Musis Marja L.B. Johnson Bradford T. Nyquist Craig M. Simmons Stanley C. Allen II Robert M. Dean with distinction Joshua J. O’Donnell Evan M. Skwara Michael Amodeo Jesse G. Dickes Eric G. Johnson Daniel J. Ogden John C. Slater Jason G. Anderson Kristen M. Ditges Robert J. Johnson Maura J. O’Grady Charles P. Slattery Daniel M. Androphy Justin E. Dodd Marcus R. Jones Lucas T. Otten Matthew R. Smith Luis Antunez Craig E. Douglas Vincent A. Junglas Robert J. Otto Jr Savannah R. Snyder Hirokazu Aoyama with distinction Matthew J. Kastin James B. Owen Anders C. Solberg Jeffrey L. Aragon Robert J. Downe Daniel R. Katz Hana Jeong Pak Rachel L. Spillane Patrick A. Archibald Ryan C. Economy Amanda J. Kaus Marjorie Patton TeTrena D. Stakely Stephen M. Armijo Bradley J. Edson Alex B. Khandelwal Daniel Perez Adam O. Stanley Kyle H. Armstrong Matthew C. Edwards Brian D. Kirby Michael C. Pedersen Nicholas J. Steinkamp Petra Artrip Benjamin P. Erickson Noah E. Kramer Tyler J. Peterson Justin F. Strobach Matthew A. Aschemeyer with distinction Samuel J. Krause Michael W. Phillips Tristan D. Stone Adam Ashlock summa cum laude John E. Krebs Brent J. Piekny Carrisa J. Strain Lauren B. Ball Mark C. Erickson Mark S. Kreidler Stephen H. Plevak William B. Strempel Evan W. Barr Peter T. Estlick Patrick R. Kuehn magna cum Laude David R. Sutton Robert W. Beerley John M. Fangman Britney R. Kyle Andrew J. Podore Tyron W. Sweitzer David C. Behm Marc R. Faure with distinction Daniel L. Pollock Chun-Yu Teng Sarah E. Belford Brett B. Fischer Kristi L. Ladowski Gordon D. Potter Chase J. Thompson with distinction Paul Van Dusen Fishback Mark A. Landgraf Trey C. Preston Jeffrey S. Tolbert Guenther Scott Eric D. Foreman Calef A. Letorney Thomas McShane Prince Uriel Trujillo Bergmann Marcus C. Fresques R. Scheid Limbird Kelley L. Pruckler Zachary K. Umetani Craig M. Bina Matthew L. Friedman Laura R. Lindsay Nicholas C. Puno Matthew R. Vacher Matthew S. Binstock with distinction Nathan M. Litsey Camilo E. Quintero Timothy J. Van Ravenswaay Brett H. Boeckel Kata Fustos Xiao Steve Long Kyle A. Rattet Joseph D. Vogel Devon J. Boyd Amanda G. Gessert Katherine A. Lynch with distinction Michael T. Von Lehman Nicholas C. Bradley with distinction Johnathan S. Major Willie C. Ray Holly J. Walker Eugene R. Bridgewater magna cum laude Brian T. Martin Kyle L. Redfield Collin M. Walsh Aaron L. Brooks Herrick T. Gibbons Justin P. Martinez Michael W. Reilley Paul An-Chung Wang Samuel C. Bruder Brian W. Gill Christopher M. Matteis Tyler C. Resch Richard Duer Waters III Michael C. Bryant Brooke E. Glass Adam M. Mc Closkey Alex D. Rolfsmeier Daniel M. Watson Carl B. Bunderson Gregory A.Goeken with distinction Kyle W. Rose with distinction Michael D. Bush with distinction summa cum laude Tamar Y. Rosenstein Chelsea S. Watt Cooper R. Caillier Matthew B. Goettsche John K. Mc Glone with distinction Amanda E. White Drew E. Chafetz Eli S. Goldstein Scott B. Mc Kinney Davoud J. Roshan David F. Whitfield Eric L. Chang Daniel H. Gonzales Jr Joel T. Mc Nierney Nathan W. Ross Michael P. Wigginton Adam M. Chase Joseph C. Gorman Joshua T. Mercier Tiffany N. Rothe Austin J. Wignall Weidas K. Chen Stephen N. Grill Amy Messerich Ashleigh M. Rothhammer Matthew R. Willett Patrick C. Chesnut Nicholas C. Grose Benjamin Z. Miller Michael C. Ruston Nicholas P. Wilson Forrest S. Christian Amanda L. Guerrero Matthew D. Miller with distinction Evan A. Winn Joseph W. Ciecior Kirston Kim Ha Kathryn M. Mizke summa cum laude Kathryn L. Wood Jason M. Clay Andrew K. Harbeck John K. Mlakar Kristin Miyeko Sakamoto magna cum laude Paul C. Coffman Jason M. Harris Alexander B. Moon Christopher R. Sayer Sydne C. Wyer Christopher C. Collins Kevin J. Harshmon Roberto A. Morales Brian W. Schmidt Roman Yavich David S. Connolly Matthew S. Hartung Daniel L. Moran Andrew J. Schnackenberg with distinction Sean T. Connolly Matthew R. Hastings Theresa Y. Mowat Joshua J. Schuring summa cum laude Raymond G. Cornell James R.G. Hatcher Elizabeth S. Muir Ariel A. Schutte Ki-Joong Yew Sarah L. Cox Alexander E. Haun Borauzima C. Mukalayi William M. Seamans Jr Bethany F. Young Nagi B. Cripe Christin L. Henderson Kristen M. Muller Diana S. Sefton Yourong I. Zhang with distinction Matthew T. Henderson Benjamin A. Muser Daniel N. Severson Melissa E. Zook

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Alumni Notes, continued from page 6 in a culturally sensitive manner to young adults in developing countries. Two initial versions of her application are in produc- Robert Miller (BA ’02) has been accepted into the Johns Hopkins tion—an Indian research version led by a U.S.-based development School of Advanced International Studies where he intends to team and a general Asian version sponsored by Medical Research study international economics. He will spend his first year in Information Center in Korea. Piya recently presented the Bologna, Italy, and his second in Washington, D.C. project at the international AIDS education consortium held at Tsinghua University in Beijing, China. Also, she was elected to the Thomas Noel Osborn II (BA ’63, MA ’70, PhD ’73) is currently the Board of Directors for XRI Inc., a California-based nonprofit CEO of TEAM International which is headquartered in San specializing in rich media Internet-based medical education. Antonio, Texas and Mexico City. TEAM International is a Network www. InteractiveTeachingAIDS.org Associate of the Center for Creative Leadership, Greensboro, North Carolina. Twice a Fulbright Professor to Mexico, 1970 and Philip Staehelin (BA ’91) has joined the international management 1973– 76, he was a tenured full professor in the Business School, consulting firm A.T. Kearney as a director after leaving his position Universidad Nacional Autónoma de Mexico. Also, he was named with T-Mobile Czech Republic. Still based in Prague, he will be the Bicentennial Professor by the American Chamber of covering CEE countries focusing mainly on telecommunications Commerce of Mexico, 1976. With kind permission from the regis- and utilities. In addition to the career change, he welcomed the trar’s office, Thomas returned to Boulder in December 2005 to birth of daughter Alexa in October 2006, and is working to com- “receive” his degree earned 32 years ago. It turned out that he plete his housing development, www.vojanka.cz, in September “marched” next to Stephanie Martin, who was also receiving her 2007. PhD in Economics. Jonathan Visbal (BA ’79) holds an MBA from the Stanford Satya Prakash Singh (PhD ’74) joined Panjab University Business Graduate School of Business. Currently he is the global technolo- School in India after completing his doctorate studies and retired gy, communications, and media practice leader for Spencer Stuart, in 2005 after serving for over three decades as reader, professor, an executive search consulting firm, and works out of the San chairman, and dean. He made significant contributions to Panjab Mateo, California, office. University, of which he credits much to the foundation of his Christian K. Winicki (BA ’02) received his juris doctorate from learning at CU-Boulder. Florida Coastal School of Law in May 2006. Currently he is the Piya C. Sorcar (Econ BA ’01, Jour ’01, Bus ’01), a doctoral student assistant district attorney, 7th Judicial Circuit, Volusia County, in learning sciences and technology design/international compar- Florida. Having played on the University of Colorado Men’s Rugby ative education at Stanford University, is the executive director team from 1999 to 2002, he is now a member of the Daytona and founder of Interactive Teaching AIDS, an animation-based Beach Rugby Club. health curriculum to teach HIV/AIDS awareness and prevention