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Mestelman Stuart, Professor Emeritus | Co-Director, McMaster Experimental Economics Laboratory

Stuart Mestelman

Professor Emeritus | Co-Director, McMaster Experimental Economics Laboratory

Retired Faculty
Department of Economics

Area(s) of Interest:

Biography

Research Interests: Experimental Economics, Public Economics, Resource and Environmental Economics, Industrial Organization

Education

B.A. University of Pittsburgh 1964

M.S. Purdue University 1966

Ph.D. Purdue University 1970

Research

Curriculum Vitae (see work in progress and publications below)

Working Papers and Work in Progress

Neil J. Buckley, Stuart Mestelman, R. Andrew Muller, "Abatement Technology and Production Capacity Strategies in Emission Trading Markets: Fixed Caps versus Intensity Targets", under review.

Mohamed I. Gomaa, Stuart Mestelman, S. M. Khalid Nainar and Mohamed Shehata, "Endogenous versus Exogenous Fairness Indices in Repeated Ultimatum Games", under review.

Stan Hu, Stuart Mestelman and William Scarth, "Are Notions of Fairness Path-Dependent? Experimental Evidence from an Efficiency-Wage Environment", April 2015, Manuscript, 48 pages (plus 3 appendices), McMaster Department of Economics Working Paper 2015-05, under revision.

Neil J. Buckley, Stuart Mestelman and R. Andrew Muller, "Production Capacity and Abatement Technology Strategies in Emissions Trading Markets", December 2014, Manuscript, 39 pages (plus 42 pages of appendices), McMaster Department of Economics Working paper 2014-16, posted at https://www.economics.mcmaster.ca/research/publications/working-papers/2014/2014-16.pdf.

Mohamed Gomaa, Stuart Mestelman and Mohamed Shehata, "Social Distance, Reputation, Risk Attitude, Value Orientation and Equity in Economic Exchanges", August 2014, Manuscript, 59 pages (including appendices), McMaster Department of Economics Working Paper 2014-07.

Neil J. Buckley, Stuart Mestelman, R. Andrew Muller, Stephan Schott, Jingjing Zhang, "Effort Provision and Communication in Teams Competing over the Commons", August 2010, Manuscript, 56 pages (including appendices), under revision. 

Stephan Schott, Neil J. Buckley, Stuart Mestelman, R. Andrew Muller and Jingjing Zhang, "What Can We Expect from Cheap Talk", work in progress.

Mohamed Gomaa, Kiridaran Kanagaretnam, Stuart Mestelman and Mohamed Shehata, "Earnings Management and the Redefinition of Credit-Loss Rules", work in progress.

Neil Buckley, Stuart Mestelman, Mackenzie Rogers, Stephan Schott and Jingjing Zhang, "CPR Management: Communication, the Number of Appropriators and the Constraints on Appropriation", work in progress.

Publications since 2002

Neil J. Buckley, Stuart Mestelman, R. Andrew Muller, Stephan Schott and Jingjing Zhang, The Effects of Communication on the Partnership Solution to the Commons, Environmental and Resource Economics, forthcoming (accepted 7 March 2017).

Neil J. Buckley, Katherine Cuff, Jeremiah Hurley, Stuart Mestelman, Stephanie Thomas and David Cameron, "Should I Stay or Should I Go? Exit Options with Mixed Systems of Public and Private Health Care Finance", Journal of Economic Behavior and Organization, Vol. 131, Part B, November 2016, pp. 62-77 (posted electronically on 7 June 2016 at http://dx.doi.org/10.1016/j.jebo.2016.05.013).

Neil Buckley, Stuart Mestelman, R. Andrew Muller, Mackenzie Rogers, Stephan Schott and Jingjing Zhang, "Appropriation from a Common Pool Resource: Effects of the Characteristics of the Common Pool Resource, the Appropriators and the Existence of Communication", in Experimental Economics, Vol. 4, Chapter 2, 2016, Anabela Botelho, Editor, The WSPC Reference of Natural Resources and Environmental Policy in the Era of Global Change, Ariel Dinar, Editor-in-Chief, World Scientific Publishing Company, pp. 15-42.

Mohamed Gomaa, Stuart Mestelman, Khalid S. M. Nainar and Mohamed Shehata, "Fairness in an Ultimatum Game", Theoretical Economics Letters, Vol. 6, Issue 2, April 2016, pp. 186-194 (posted electronically on 13 April 2016 at http://dx.doi.org/10.4236/tel.2016.62021).

Stuart Mestelman, Emad Mohammad and Mohamed Shehata, "Conversion of IFRS and US GAAP: Evidence from the SEC's Removal of Form 20-F Reconciliations", Accounting Perspectives, Vol. 14, Issue 3, September 2015, pp. 190-211 (posted electronically on 21 September 2015 at onlinelibrary.wiley.com/doi/10.1111/1911-3838.12049/abstract ).

Mohamed Gomaa, Kiridaran Kanagaretnam, Stuart Mestelman and Mohamed Shehata, "Exercising Empowerment in an Investment Environment", Journal of Behavioral and Experimental Finance, Vol. 7, September 2015, pp. 33-41 (posted electronically on 29 July 2015 at http://dx.doi.org/10.1016/j.jbef.2015.07.003 ).

Neil Buckley, Katherine Cuff, Jeremiah Hurley, Stuart Mestelman, Stephanie Thomas and David Cameron, "Support for Public Provision of a Private Good with Top-Up and Opt-Out: A Controlled Laboratory Experiment, Journal of Economic Behavior and Organization, Vol. 111, March 2015, p. 177-196 (posted electronically on 26 December 2014 at http://dx.doi.org/10.1016/j.jebo.2014.12.016).

Kiridaran Kanagaretnam, Stuart Mestelman, S. M. Khalid Nainar and Mohamed Shehata, “Transparency and Empowerment in an Investment Environment”, Journal of Business Research, Vol. 67, Issue 9, September 2014, pp. 2030-2038 (posted electronically on 16 November 2013 at http://dx.doi.org/10.1016/j.jbusres.2013.10.007).

Emmanouil Mentzakis and Stuart Mestelman, “Hypothetical Bias in Value Orientations Ring Games”, Economics Letters, Vol. 120, Issue 3, September 2013, pp. 562-565 (posted electronically on 25 June 2013 at http://dx.doi.org/10.1016/j.econlet.2013.06.019).

Neil J. Buckley, David Cameron, Katherine Cuff, Jeremiah Hurley, Logan McLeod and Stuart Mestelman, "An Experimental Investigation of Mixed Systems of Public and Private Health Care Finance", Journal of Economic Behavior and Organization, Vol. 84, Issue 3, December 2012, pp. 713-729 (posted electronically on 19 September 2012 at http://dx.doi.org/10.1016/j.jebo.2012.09.016).

Kiridaran Kanagaretnam, Stuart Mestelman, S. M. Khalid Nainar and Mohamed Shehata, "The Impact of Empwering Investors on Trust and Trustworthiness", Journal of Economic Psychology, Vol. 33, Issue 3, June 2012, pp. 566-577 (posted electronically 23 November 2011 at http://dx.doi.org/10.1016/j.joep.2011.11.002).

Katherine Cuff, Jeremiah Hurley, Stuart Mestelman, Andrew Muller and Robert Nuscheler, "Public and Private Health Care Financing with Alternate Public Rationing Rules", Health Economics, Vol. 21, Issue 2, February 2012, pp. 83-100 (published electronically 9 December 2010 at http://onlinelibrary.wiley.com/doi/10.1002/hec.1698/full). 

Kenneth S. Chan, Stuart Mestelman, Rob Moir and R. Andrew Muller, "Communication, Equity and the Voluntary Provision of a Public Good by Heterogeneous Groups", Journal of Behavioral and Experimental Economics (formerly the Journal of Socio-Economics), Vol. 41, Issue 1, January 2012, pp. 87-94 (posted electronically 31 October 2011 athttp://dx.doi.org/10.1016/j.socec.2011.10.012).

David Goodwin and Stuart Mestelman, "A Note Comparing the Capacity Setting Performance of the Kreps-Scheinkman Duopoly Model with the Cournot Duoploy Model In a Laboratory Setting", International Journal of Industrial Organization, Vol. 28, Issue 5, September 2010, pp. 522-525.

Kiridaran Kanagaretnam, Stuart Mestelman, S. M. Khalid Nainar and Mohamed Shehata, "Trust and Reciprocity with Transparency and Repeated Interactions", Journal of Business Research, Vol. 63, Issue 3, March 2010, pp. 241-247.

Kiridaran Kanagaretnam, Stuart Mestelman, S. M. Khalid Nainar and Mogamed Shehata, "The Impact of Value Orientation and Risk Attitudes on Trust and Reciprocity", Journal of Economic Psychology, Vol. 30, No. 3, June 2009, pp. 368-380.

Kenneth S. Chan, Stuart Mestelman, R. Andrew Muller, "Voluntary Provision of Public Goods", in Handbook of Experimental Economics Results, Vol. 1, Chapter 88, 2008, Charles R. Plott and Vernon L. Smith, editors, North Holland: Amsterdam, pp. 831-835.

Stuart Mestelman, "The Performance of Double-Auction and Posted-Offer Markets with Advance Production", Handbook of Experimental Economics Results, Vol. 1, Chapter 9, 2008, Charles R. Plott and Vernon L. Smith, editors, North Holland: Amsterdam, pp. 77-82.

Stuart Mestelman and R. Andrew Muller, "Share Trading and Coupon Banking interact to Improve Performance in Emission Trading Markets", Handbook of Experimental Economics Results, Vol. 1, Chapter 69, 2008, Charles R. Plott and Vernon L. Smith, editors, North Holland: Amsterdam, pp. 655-660.

Neil J. Buckley, Stuart Mestelman and R. Andrew Muller, "Baseline-and-Credit Emission Permit Trading: Experimental Evidence Under Variable Output Capacity", in Experimental Methods in Environmental Economics, 2008, Todd Cherry, Stephan Kroll and Jason Shogren, editors, Routledge Press, 9-28.

Stephan Schott, Neil Buckley, Stuart Mestelman and R. Andrew Muller, "Output Sharing in Partnerships as a Common Pool Resource Management Instrument", Environmental and Resource Economics, Vol. 37, No. 4, August, 2007, pp. 697-711.

Jason Childs and Stuart Mestelman, "Rate of Return Parity in Experimental Asset Markets", Review of International Economics, Vol. 14, No. 3, August 2006, pp. 331-347.

Neil J. Buckley, Stuart Mestelman and R. Andrew Muller, "Implications of Alternative Emission Trading Plans: Experimental Evidence", Pacific Economic Review, Vol. 11, No. 2, June 2006, pp. 149-166.

Shanker Trivedi, Mohamed Shehata and Stuart Mestelman, "Attitudes, Intentions, and Tax Compliance", Canadian Tax Journal, Vol. 53, No. 1, April 2005, pp. 29-61.

Marc Bilodeau, Jason Childs, and Stuart Mestelman, "Volunteering a Public Service: An Experimental Investigation", Journal of Public Economics, Vol. 88, No. 12, December 2004, pp. 2839-2855.

Neil Buckley, Stuart Mestelman, and Mohamed Shehata, "Subsidizing Public Inputs", Journal of Public Economics, Vol. 87, Nos. 3 and 4, March 2003, pp. 819-846.

Kenneth S. Chan, Rob Godby, Stuart Mestelman, and R. Andrew Muller, "Crowding Out Voluntary Contributions to Public Goods",Journal of Economic Behavior and Organization, Vol. 48, No. 3, July 2002, pp. 305-317.

R. Andrew Muller, Stuart Mestelman, John Spraggon, and Rob Godby, "Can Double Auctions Control Monopoly and Monopsony Power in Emissions Trading Markets?", Journal of Environmental Economics and Management, Vol. 44, No. 1, July 2002, pp. 70-92.