Department of Economics

University of Mississippi

Walt Mayer

Professor of Economics

Area: Econometrics

342 Holman Hall
662-915-5980  |

Download Dr. Mayer’s C.V.

Walt Mayer received his Ph.D. in Economics from the University of Florida, and he joined the faculty in 1987. He teaches statistics and econometrics and has supervised 16 dissertations and theses. His research spans topics in applied and theoretical econometrics. Current interests include hedonic and spatial models for housing price indexes, hypothesis tests for maximum score estimation, and applications of genetic algorithms. Professor Mayer has published in the Journal of Econometrics, the Journal of Business and Economic Statistics, the Journal of Forecasting, Economics Letters, Computational Economics, Journal of Housing Economics, among others.

Ph.D. Economics, University of Florida, 1986. Dissertation directed by S.R. Cosslett and G.S. Maddala.
M.A. University of Florida, 1983.
B.A. Economics, University of Missouri-St. Louis, 1982.

“Improving the Power of the Diebold-Mariano-West Test for Least Squares Prediction,” with Xin Dang and Feng Liu. International Journal of Forecasting, accepted for publication (2017).

“Working the Night Shift: The Impact of Compensating Wages and Local Economic Conditions on Shift Choice,” with Colene Trent. Economics Research International, accepted for publication (2014).

“Modelling OECD Broadband Subscriptions in Disequilibrium” with Gary Madden and Zhong Jin. Technological Forecasting and Social Change, accepted for publication (2014).

“The Forecasting Accuracy of Models of Post-award Network Deployment: An Application of Maximum Score Tests” with Gary Madden and Chen Wu. International Journal of Forecasting, accepted for publication (2012)

“The Impact of Revenue Diversification on Expected Revenue and Volatility for Nonprofit Organizations,” with Hui-chen Wang, Jared Egginton and Hannah Flint. Nonprofit and Voluntary Sector Quarterly, accepted for publication (2012)

“A Maximum Score Test for Binary Response Models,” with Chen Wu. Studies in Nonlinear Dynamics and Econometrics, accepted for publication (2012).

“An Analysis of US State’s Export Performance in the Asian Market,” with Christian Nsiah and Chen Wu. The Annals of Regional Science, accepted for publication (2011)

“The International Exports of American States: An Investigation for Local Spatial Patterns” with Christian Nsiah and Chen Wu, The Review of Regional Studies, accepted for publication (2011)

“An Investigation of U.S. States High-Tech, Low-Tech, and Total Manufacturing Export Performance in the Asian Market,” with Christian Nsiah and Chen Wu. Journal of Economics. accepted for publication (2011)

“Hedonic Versus Repeat-Sales Housing Price Indexes for Measuring the Recent Boom-Bust Cycle.” with R. E. Dorsey, H. Hu, and H.C. Wang, Journal of Housing Economics, 19-2, 75-93 (2010).

“Note on Optimal Predictors of Binary Response,” with Chen Wu, Economics Letters, 96-3, September 2007, 307-308 (2007).

“Impact of Corrections for Dynamic Selection Bias on Forecasts of Retention Behavior,” with Yang Li, Journal of Forecasting, (2007).

“A Semiparametric Panel Data Model for Markets in Disequilibrium,” Economics Letters 86, 367-371 (2005).

“Detection of Spurious Maxima through Random Draw and Specification Tests,” with R.E. Dorsey, Computational Economics 16,.237-256 (2000).

“Specification versus Data Fitting: SEM Prediction and the Q-Class Estimator, “ with R.S. Cantrell and N.K. Womer, Journal of Forecasting 18, 73-99 (1999).

“An Extension of the Maximum Score Estimator for Disequilibrium Models,” Economics Letters 64-2, 143-149 (1999).

“Maximum Score Estimation of Disequilibrium Models and the Role of Anticipatory Price-Setting,” with R.E. Dorsey, Journal of Econometrics 87, 1-24 (1998).

“An Empirical Analysis of the Choice of Payment Method in Corporate Acquisitions during 1979-1990,” with M.M. Walker, Quarterly Journal of Business and Economics 35, 48-65 (1996).

“Genetic Algorithms for Estimation Problems with Multiple Optima, Nondifferentiability, and Irregular Features,” with R.E. Dorsey, Journal of Business and Economic Statistics 13, 53-66 (1995).

“Entry, Exit, and Industry Performance,” with W.F. Chappell and W.F. Shughart, Journal of Economics (1995).

“Optimization utilizing Genetic Algorithms,” with R.E. Dorsey, Advances in Artificial Intelligence in Economics, Finance and Management 1, 69-91 (1994).

“A Genetic Algorithm for Training Feedforward Neural Networks,” with R.E. Dorsey and J.D. Johnson, Advances in Artificial Intelligence in Economics, Finance and Management 1, 93-111 (1994).

“Firm Heterogeneity and Production Flexibility: Evidence from Price-Cost Margins of Large and Small Firms,” with W.F. Chappell and W.F. Shughart, Bulletin of Economic Research 45, 229-244 (1993).

“Determinants of Entry and Exit: An Application of the Compounded Bivariate Poisson Distribution to U.S. Industries,” with W.F. Chappell, Southern Economic Journal, 770-778, (1992).

“The Impact of Unionization on the Entry of Firms: Evidence from U.S. Industries,” with W.F. Chappell and M.S. Kimenyi, Journal of Labor Research 13, 273-283 (1992).

“Union Rents and Market Structure Revisited,” with W.F. Chappell and W.F. Shughart, Journal of Labor Research 12, 35-46 (1991).

“A Poisson Probability Model of Entry and Market Structure with an Application to U.S. Industries During 1972-1977,” with W.F. Chappell and M.S. Kimenyi, Southern Economic Journal 56, 918-927 (1990).

“Estimating Disequilibrium Models with Limited A Priori Price-Adjustment Information,” Journal of Econometrics 41, 303-320 (1989).