Dino Falaschetti


Education and Accreditation

PhD - Washington University in St. Louis (Economics, 1999)

AM - Washington University in St. Louis (Economics, 1996)

MBA with High Honors - University of Chicago (Economics and Finance, 1994)

Certified Public Accountant (Illinois, certificate no. 52,878, 1990)

BS with Distinction - Indiana University (Business, 1989) 


Professional Positions

Florida State University, College of Law, Associate Professor of Law & Economics (2007 – present); Department of Economics, Associate Professor (by courtesy, 2008 – present)

Stanford University, Hoover Institution, Campbell National Fellow (Fall 2007, Summer 2008)

Montana State University, Department of Agricultural Economics and Economics, Associate Professor (2006–07), Assistant Professor (2002–06)

Executive Office of the President, Council of Economic Advisers (Chairmen Ben Bernanke and Edward Lazear), Senior Economist (2005–06) 

University of California at Berkeley, School of Public Health, Robert Wood Johnson Foundation Scholar in Health Policy Research (2001–03) 

University of Tennessee, Department of Economics, Assistant Professor and member of the graduate and Physician Executive MBA faculties (2000–02)

Washington University in St. Louis, Department of Economics, Center in Political Economy Fellow (Spring 2000)

INDETEC International, Litigation Support Group, Economist (1996–99)

Whitman Corporation, Manager of Corporate Finance (1991–93), Intern, Staff, and In-Charge Financial Statement Auditor (1988, 90–91)


Policy and Consulting

Economic Advisors, Business analytics and litigation support (2005 – present)

Top Secret Security Clearance (2005–06)

Federal Reserve Bank of Minneapolis, Beige Book Contact (2003–06)

Federal Reserve Bank of Kansas City, Visiting Co-Author (2002–04)


Research and Publications

Top 5% Author: Social Science Research Network, http://ssrn.com/author=301243

Interests: Politics, law, and economics; antitrust and regulation; corporate governance 


Books and Chapters

1.Democratic Governance and Economic Performance: How Accountability Goes Too Far in Politics, Law, and Business.  Under contract with Springer. 


2.Money, Financial Intermediation, and Governance (with Michael J. Orlando, and foreword by Antoine Martin).  2008.  Edward Elgar Publishing. 


3.Constraining Rational Choice: Allocation Versus Efficiency and the Origin of Commitment Problems (with Gary Miller).  2004.  In Irwin Morris, Joe Oppenheimer, and Karol Soltan (eds.) Politics from Anarchy to Democracy.  Palo Alto: Stanford Law and Politics. 


4.Contributions (with Steve Parsons) to the Encyclopedia of Healthcare Management.  2004.  Michael J. Stahl (ed.).  Thousand Oaks, London, New Delhi: Sage Publications. 


Articles 

5.Does a Hospital’s Profit Status Affect its Operational Scope? (with Marco Castañeda).  Revised and resubmitted to the Review of Industrial Organization.


6.Can Lobbying Prevent Anticompetitive Outcomes? Evidence on Consumer Monopsony in Telecommunications.  Forthcoming in the Journal of Competition Law and Economics.


7.No Free Lunch Revisited: The Case of Financial Regulatory Reform (with Michael J. Orlando).  Forthcoming in the Hoover Digest


8.When Deficits Make Sense.  2008.  Hoover Digest (3). 


9.Aggregate Health Expenditures, National Income, and Institutions for Private Property.  2005.  Economics & Politics 17(3):391-429. 


10.Cutting the Dividends Tax…and Corporate Governance Too? (with Michael Orlando).  2005.  Corporate Ownership & Control 3(2):31-34.


11.Optimization in the Production of Governance Services:  Lessons for the Regulation of Auditor Independence (with Michael Orlando).  2004.  Financiële Studievereniging Rotterdam (FSR) Forum 6(2):16-23.


12.Is Auditor Independence Endogenous? Evidence and Implications for Public Policy (with Michael Orlando).  2003.  Research Division Working Paper 03-13, Federal Reserve Bank of Kansas City. 


13.Credible Commitments and Investment: Do Checks on the Ability or Incentive for Opportunism Matter?  2003.  Economic Inquiry 41(4):660-674. 


14.Can Theoretically Latent Groups Influence Policy Decisions?  The Case of Telecommunications Policy.  2003.  Journal of Law, Economics, and Organization 19(1):83-105. 


15.Book review of Usha Haley’s (2001) Multinational Corporations in Political Environments.  New Jersey, London, Singapore, and Hong Kong: World Scientific.  Published in the 2002 International Journal of Organizational Analysis 10(3):290-292. 


16.Golden Parachutes: Credible Commitments or Evidence of Shirking?  2002.  Journal of Corporate Finance 8(2):159-178. 


17.Does Partisan Heritage Matter?  The Case of the Federal Reserve.  2002.  Journal of Law, Economics, and Organization 18(2):488-510. 


18.Constraining Leviathan: Moral Hazard and Credible Commitment in Constitutional Design (with Gary Miller).  2001.  Journal of Theoretical Politics 13(4):389-411. 


Working Papers

19.Auditor Independence and Earnings Quality:  Evidence for Market Discipline vs. Sarbanes-Oxley Proscriptions (with James Brown and Michael Orlando).  Available from SSRN at http://ssrn.com/abstract=940847


20.Sex Differences in Risk Taking?  Evidence from Female Representation in Legislatures.  Available from SSRN at http://ssrn.com/abstract=418340.


21.Electoral Accountability and Consumer Monopsony: Evidence from Elected vs. Appointed Regulators.  Available from SSRN at http://ssrn.com/abstract=645401


22.Can Electoral Mobility Diminish Economic Performance?  Evidence from the US Telecommunications Sector.  Available from SSRN at http://ssrn.com/abstract=413583


23.The Confederate Flag: Southern Heritage or Racial Bias?  Available from SSRN at http://ssrn.com/abstract=988225


Dissertation

Decisions, Decisions, Decisions: Essays on How Interested Individuals Influence Collective Choices


Committee and readers: Marcus Berliant (chair), Gary Miller, Robert Parks, Norman Schofield, Lee Benham, and Itai Sened 


Courses Taught and Scheduled

Law: Antitrust, Business Associations, Corporate Finance, Economic Regulation of Business, Law and Economics of Insurance 

Executive MBA: Managerial Economics

Graduate: Math for Economists, Microeconomics, Macroeconomics

Undergraduate: Economics and Politics of Strategy, Health Economics, Macroeconomics, Microeconomics, Money and Banking


Academic Presentations and Public Speeches

2008

1.University of Texas (Law and Economics)

2.Cornell University (Law and Economics)

3.Washington University in St. Louis (CNISS)

4.University of Toronto (ISNIE)

5.Florida State University (Political Science)

6.Florida State University (Economics)


2007

7.State of the Florida Insurance Market Summit (Orlando, FL)

8.NYU School of Law (Conference on Empirical Legal Studies)

9.Washington University in St. Louis (Center in Political Economy)

10.Kiwanis International (Bozeman, MT)

11.Midwest Political Science Association (Chicago, IL)

12.Gallatin Association of Realtors (Bozeman, MT)

13.Florida State University (College of Law)

14.Naval Postgraduate School (Business and Public Policy)

15.Santa Clara University (Economics)

16.Opportunity Link (Keynote address, Great Falls, MT)

17.Tulane University (Economics)


2006

18.Aspen Pointe Speakers Series (Bozeman, MT)

19.Montana Council on Economic Education (Keynote address, Helena, MT)

20.University of Colorado (ISNIE)

21.Federal Reserve Bank of Kansas City

22.The White House (Center for the Study of the President)

23.George Washington University (Washington Area Finance Association)

24.NERA Economic Consultants (San Francisco, CA)


2005

25.Southern Economic Association (Washington, DC)

26.Department of Homeland Security (Washington, DC)

27.Public Choice Society (New Orleans, LA)


2004

28.University of Guelph (Economics)

29.Stanford University (Society for Political Methodology)

30.Western Economic Association (Vancouver, BC)

31.Washington University in St. Louis (Center in Political Economy)


2003

32.Montana State University (Conference on Collective Action)

33.Robert Wood Johnson Scholars in Health Policy Research (Aspen, CO)


2002

34.Western Economic Association (Seattle, WA)

35.Robert Wood Johnson Scholars in Health Policy Research (Aspen, CO)

36.Vanderbilt University (Midwest Macroeconomics Conference)

37.Public Choice Society (San Diego, CA)

38.Montana State University (Agricultural Economics & Economics)


2001

39.Washington University in St. Louis (CNISS)

40.University of California at Berkeley (ISNIE)

41.Vanderbilt University (Economics)

42.Public Choice Society (San Antonio, TX)

43.University of Maryland (Political Science)


2000

44.Midwest Political Science Association (Chicago, IL)

45.Midwest Economic Association (Chicago, IL)

46.Public Choice Society (Charleston, SC)

47.University of Tennessee (Economics)

48.Yale University (RWJF Scholars)

49.University of California at Berkeley (RWJF Scholars)

50.West Virginia University (Economics)

51.Econometric Society (Boston, MA)


1999

52.Econometric Society (University of Wisconsin)

53.Michigan State University (Political Science)

54.World Bank (ISNIE)

55.Purdue University (Midwest Economic Theory)

56.Midwest Political Science Association (Chicago, IL)

57.Public Choice Society  (New Orleans, LA)


1998

58. Midwest Political Science Association (Chicago, IL)


Media Appearances

Talk show guest on “Open Range” (KMMS, AM 1450, Fox News affiliate for southwest Montana), June 28, 2007.  Topic – “Retirement Security.” 

Talk show guest on “Open Range” (KMMS, AM 1450, Fox News affiliate for southwest Montana), June 18, 2007.  Topic – “Money 101.” 

Talk show guest on “Open Range” (KMMS, AM 1450, Fox News affiliate for southwest Montana), May 21, 2007.  Topic – “The Fed.” 

Talk show guest on “Open Range” (KMMS, AM 1450, Fox News affiliate for southwest Montana), April 2, 2007.  Topic – “Affordable Housing.” 

Interview on “Poor People Need More Opportunities, MSU Economist Says.”  Published in the Bozeman Daily Chronicle, February 27, 2007.

Interview on “Poverty Should be Fought on Personal Level.”  Published in the Great Falls Tribune, January 28, 2007. 

Interview on “Economist Brings White House Experience to MSU Business Students.”  Published in the Dillon Tribune, November 29, 2006. 

Interview on “White House Advisor at MSU.”  Published in the Miles City Star, November 28, 2006. 

Interview on “Economist Brings White House Experience to MSU.”  Published in the Bozeman Daily Chronicle, November 27, 2006. 

Interview on “MSU Instructor Returns from Advising at the White House.”  Published in the Miles City Star, November 27, 2006. 

Interview on “Presidential Adviser Returns to MSU.”  Published in the Great Falls Tribune, November 26, 2006.

Interview on “Economist Brings White House Experience to MSU Students.”  Published in the Sidney Herald - Leader, November 26, 2006. 

Written testimony for US Treasury Secretary John Snow on “White House Opposes Muni-Bond Bailout.”  Published in the Wall Street Journal, October 7, 2005, p. C4. 

Interview on “MSU Economist Picked to Advise White House.”  Published in the Bozeman Daily Chronicle (Montana), July 1, 2005. 

Interview on “Social Security Reform.”  Appeared on KXLF (CBS television affiliate for southwest Montana), June 27, 2005. 

Interview on “Full Steam Ahead: Local Economy Continues to Gain Ground After Year of Record Growth.”  Published in Business to Business: A Trade Journal for Southwest Montana, February 17, 2004. 

Interview on “Interest Rates.”  Published in Business to Business: A Trade Journal for Southwest Montana, September 30, 2003. 


Service

Professional

Referee - American Political Science Review, Comparative Political Studies, Economic Inquiry, Economics & Politics, Industrial and Corporate Change, Journal of Economic Behavior and Organization, Journal of Economics, Journal of Law, Economics, & Organization, Journal of Public Economic Theory, Journal of Theoretical Politics, National Science Foundation, Public Finance Review, Review of Economics and Statistics, Southern Economic Journal 

Chair/Discussant - Econometric Society, International Society for New Institutional Economics, Midwest Economic Association, Midwest Political Science Association, Public Choice Society, Western Economics Association


University and Department

Committee Member (Montana State University) – Advisory (2), Graduate Affairs, Junior Search, Masters Theses (4)

Organizer (Montana State University) – Political Economy Reading Group

Committee Member (University of Tennessee) – Graduate Program, Macroeconomic Search, Masters Thesis (mathematics), Ph.D. Qualifying Exams for Microeconomic Theory and Public Finance, Undergraduate Honors Thesis 

President (Washington University) – Graduate Student Association 

Organizer (Washington University) – Seminar in Political Economy


Conference Organization

Corporate Governance and US Economic Performance: A View from the Council of Economic Advisers.  Distinguished lecture by the Honorable Randall S. Kroszner, University of Chicago, February 25, 2005

Studies in Public and Private Governance, Vancouver, BC, June 30 – July 3, 2004 (a set of organized panels for the Western Economic Association)

Conference on Collective Action, Montana State University, July 25-26, 2003


Competitive Academic Awards

Montana State University (2005): Letters and Science Research Enhancement Awards (3)

Montana State University (2004): Course reduction award under the Buy-out for Enhancing Scholarship and Teaching (BEST) Program

University of Tennessee (2001-02): Scholarly Research Grant

Washington University (1995-1999): Center in Political Economy Dissertation Fellowship, John Stuart Mill Graduate Fellowship, John M. Olin Fellowship, Research Grants (3)


References

Marcus Berliant, Ph.D. 

Professor

Department of Economics 

Washington University 

St. Louis, MO 63130


Daniel Covitz, Ph.D.

Chief – Capital Markets

Federal Reserve Board 

20th & Constitution, NW

Washington, DC 20551


Jonah Gelbach, Ph.D.

Associate Professor

Department of Economics

University of Arizona

Tucson, AZ 85721-0108


Randall Kroszner, Ph.D.

Governor

Federal Reserve Board 

20th & Constitution, NW

Washington, DC 20551


Gary Miller, Ph.D. 

Professor

Department of Political Science 

Washington University 

St. Louis, MO 63130


Michael Orlando, Ph.D., MBA

Principal

Economic Advisors, Inc.

Denver, CO 80209