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Mestelman Stuart, Professor Emeritus | Co-Director Emeritus, McMaster Decision Science Laboratory (McDSL)

photo of Stuart Mestelman

Stuart Mestelman

Professor Emeritus | Co-Director Emeritus, McMaster Decision Science Laboratory (McDSL)

Faculty
McMaster Decision Science Laboratory (McDSL)

Emeritus 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 and curriculum vitae that is posted separately)

Work Being Revised and Work in Progress

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, under revision.

Neil J. Buckley, Stuart Mestelman, R. Andrew Muller, Stephan Schott, Jingjing Zhang, "Effort Provision and Communication in Teams Competing over the Commons: What Can We Expect from Cheap Talk?", work in progress.

Mohamed Gomaa, Kiridaran Kanagaretnam, Stuart Mestelman and Mohamed Shehata, "The Effects on Profit Volatility from Replacing the Incurred Credit Loss Model with the Expected Credit Loss Model of IFRS 9 or the Current Expected Credit Loss Model of the US FASB: The Case of Bank Loans", 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 2009

Mohamed Gomaa, Kiridaran Kanagaretnam, Stuart Mestelman and Mohamed Shehata, "Testing the Efficacy of Replacing the Incurred Credit Loss Model with the Expected Credit Loss Model", European Accounting Review, forthcoming (accepted 23 February 2018).

Neil J. Buckley, David Cameron, Katherine Cuff, Jeremiah Hurley, Stuart Mestelman and Stephanie Thomas, "A Behavioral Economic Study of Tax Rate Selection by the Median Voter: Can the Tax Rate Be Influenced by the Name of the Publicly Provided Private Good?", Theoretical Economics Letters, Vol. 8, February 2018, pp. 485-501 (posted electronically on 14 February 2018 at http://dx.doi.org/10.4236/tel.2018.83034).

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 (posted electronically 22 March 2017 at https://doi.org/10.1007/s10640-017-0124-9).

Mohamed I. Gomaa, Stuart Mestelman, Khalid S. M. Nainar and Mohamed Shehata, "Endogenous versus Exogenous Fairness Indices in Repeated Ultimatum Games", Theoretical Economics Letters, Vol. 7, Issue 6, October 2017, pp. 1568-1594 (posted electronically on 8september 2017 at https://doi.org/10.4236/tel.2017.76106).

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.