• [email protected]
• optimalanalytics.vegas
• Office: (702) 263-8044
• Mobile: (702) 860-3184

Consulting

• Optimal Analytics, Ltd
• Senior Economist (2017-Present)
• Thomas Carroll & Associates, Ltd
• Principal (1995-2017)

Teaching

• University of Nevada, Las Vegas
• Professor Emeritus (2014-Present)
• Professor of Economics (1986-2014)
• Memphis State University
• Professor of Economics (1984-1986)
• Associate Professor of Economics (1978- 1984)
• Assistant Professor of Economics (1975-1978)
• California State University, Northridge
• Assistant Professor of Economics (1973-1975)
• Syracuse University
• Teaching Associate, Army Comptrollership School (1972)
• Teaching Assistant (1971)

Courses Taught

• The Economics of Discrimination (undergraduate level)
• Principles of Macroeconomics (undergraduate level)
• Principles of Microeconomics (undergraduate level)
• Introductory Statistics (undergraduate level)
• Intermediate Statistics (undergraduate level)
• Intermediate Microeconomic Theory (undergraduate level)
• Labor Economics (undergraduate level)
• Urban-Regional Economics (undergraduate level)
• Economics of Gary Becker (undergraduate level)
• Economic Foundations of Legal Issues (undergraduate level)
• Comparative Economic Systems (undergraduate level)
• Managerial Economics (undergraduate/graduate level)
• Public Finance (undergraduate/graduate level)
• Quantitative Economics (undergraduate/graduate level)
• Advanced Statistical Modeling (MBA/MA program)
• Economic Theory with Legal Applications (MA/Law program)
• Advanced Microeconomic Theory (MA/DBA program)
• Econometrics (MA/DBA program)
• Location Theory (MA/MPA program)
• Business and Economic Forecasting (MA/MBA program)

Course Development

• Economics and the Law, Approved by Graduate Curriculum Committee (1999)
• Designed Economics Courses for revised MBA curriculum (1997-1998)
• Designed Master of Science in Financial Economics, University of Nevada, Las Vegas (1991)
• Seminar in Economic Theory and Policy: Law and Economics (1989)
• Revision of Graduate Curriculum, Department of Economics, University of Nevada, Las Vegas (1987)

Other Administrative/University Service

• College of Business and Economics, Graduate Committee (1989-2014)
• College of Business Promotion and Tenure Committee (1995-2014)
• College of Business MBA Team (1997-2014)
• UNLV Graduate Council (1990-2000)
• Interim Chair, Department of Economics (1999–2000)
• Chair, Graduate College Curriculum Committee (1997–2000)
• Graduate Coordinator, Department of Economics (1996-2000)
• Graduate Dean Search Committee (1998-1999)
• Department of Economics Merit, Promotion, and Tenure Committee (1994-1997)
• College of Business Dean Search Committee (1996-1997)
• Graduate Advisor, Department of Economics (1995-1996)
• University Honors Program Review Committee (1995-1996)
• Graduate Curriculum Committee (1993-1995)
• Graduate Coordinator, Department of Economics (1986-1994)
• Chair, Graduate College Program Review Committee (1990-1991)
• College of Business and Economics Ad-Hoc MBA Committee (1988-1989)
• College of Business and Economics Instructional Evaluation Committee (1987-1988)

Other Professional Experience

• Educational Policy Research Center, Syracuse, New York: Research Associate/Research Fellow (1972-1973)

• Ph.D., Economics, Syracuse University (1973)
• MA, Economics, Syracuse University (1972)
• AB, Economics, Miami University (1970)

Papers

• “Why It Pays to Major in Economics.” (With Dr. Djeto Assane and Jerod Busker) Journal of Economic Education, Summer 2014.


• “Executive Compensation: Are Managers of Not-For-Profit Firms Rewarded for Performance?” (with William Luksetich and Mary E. Edwards) Nonprofit and Voluntary Sector Quarterly, Fall 2005, pp. 19-41.


• “A Note on the Earnings of Real Estate Salesperson and other in the Financial Services Industry,” Journal of Real Estate Finance and Economics, 21:3, 313-232, 2000.


• "Organizational Form and Nursing Home Behavior" (with William Luksetich and Mary E. Edwards) Nonprofit and Voluntary Sector Quarterly, Arnova (June 2000, Volume 29 Number 2, pp 255-279).


• “Transitory Effects of Disamenities on Residential Housing Values: The Case of Public and Senior Housing,” Journal of Real Estate Portfolio Management, Volume 5, Number 3, 1999, pp. 287-298.


• Study Guide for Pashigian’s Microeconomic Theory, McGraw-Hill, 1998.


• “Living Next to Godliness: Residential Property Values and Churches,” with Terrence Clauretie and Jeff Jensen, Journal of Real Estate Finance and Economics, 1996.


• “Effect of Foreclosure Status on Residential Selling Price: Comment,” with Terrence Clauretie and Helen Neil, Journal of Real Estate Research, 1997.


• “The Economic Impact of a Transient Hazard on Property Values: The 1988 PEPCON Explosion in Henderson, Nevada,” with Terrence Clauretie and Jeff Jensen, Journal of Real Estate Finance and Economics, 1996.


• “HUD versus Private Bank Foreclosure: A Test of Housing Market Efficiency,” with T. M. Clauretie, Helen Neil, and Cindy Jorgensen, The Journal of Housing Economics, 1995.


• "Estimating the Employment Impacts of a Hub Airline Serving a Tourist Destination: The Case of America West Airline and Las Vegas Nevada," International Journal of Public Administration, 1994.


• “The Nevada Regional Models: Forecasting and Simulation," with R. Keith Schwer, Nevada Review of Business and Economics, Fall, 1990.


• "The Role of the Economist in Evaluating Personal Injury," in How to Evaluate and Settle Personal Injury Claims in Nevada, 1989 and 1991, Professional Educational Systems, Inc.


• Preface to Quantitative Economics and Econometrics, fourth edition, with Michael J. Brennan, South-Western Publishing Company, 1987.


• Instructor's Guide to Preface to Quantitative Economics and Econometrics, South-Western Publishing Company, 1987.


• "Do Right-to-Work Laws Matter: Reply," Southern Economic Journal, October, 1986.


• "A Test of the Job Crowding Hypothesis," The Journal of Economics, 1986.


• "The Determinants of Executive Compensation," (with D. H. Ciscel), in Lee Preston (Ed.), Research in Corporate Social Performance and Responsibility, JAI Press, 1984.


• "Right to Work Laws Do Matter," Southern Economic Journal, October 1983.


• Microeconomic Theory: Concepts and Applications, (New York: St. Martin's Press, 1983).


• Instructor's Guide to Microeconomic Theory, (New York: St. Martin's Press, 1983).


• The Impact of Administrative Regulation on Executive Compensation (with David Ciscel), The Review of Economics and Statistics, August 1982.


• "Achieving Cartel Profits Through Unionization: Comment," Southern Economic Journal, April 1981.


• The Determinants of Executive Compensation: An Econometric Survey (with David Ciscel), The Review of Economics and Statistics, February 1980.


• "A Bayesian Approach to Plant Location Decisions," (with R. D. Dean), Decision Sciences, January 1980.


• "The Market as a Commons: An Unconventional Approach to Property Rights" (with D. H. Ciscel and R. K. Chisholm), Journal of Economic Issues, June 1979.


• "Trends in Black Employment," (with D. Ciscel and J. Gnuschke) Midsouth Quarterly Business Review, Spring 1979.


• "Adventures in Economic Mythodology, or, The Birth of Economic Policy" Midsouth Journal of Economics, 1979.


• "Plant Location under Uncertainty," (with R. Dean), Land Economics, November 1977.


• "Ignorance, Error and Information in the Classic Theory of Decision" (with R. J. Wolfson), Behavioral Science, March 1976.


• "Education and Income: An Analysis by Fable" The American Economist, Fall 1972.

Monographs

• The Impact of a Water-Imposed Interruption to Growth in the Las Vegas Valley, William T. White Associates, March 1991, Revised March, 1992.


• The Impact of Federal Land Withdrawal on the Nevada Economy, Center for Business and Economic Research, UNLV, August, 1989.


• An Economic Simulation of Reduced Activity at the Nevada Test Site: An Application of the REMI Model, Center for Business and Economic Research, University of Nevada, Las Vegas, August, 1988.


• Las Vegas Economic Indicators: Monthly Time Series, Center for Business and Economic Research, University of Nevada, Law Vegas, June, 1988.


• Impact of a Waterway User Charge on the Tennessee Economy (with K. Burns, G. Mickle and R. Morano), Bureau of Business and Economic Research, Memphis State University, 1978.


• Black Employment and Economic Development in Memphis (with D. Ciscel, J. Gnuschke and T. Collins), Center for Manpower Studies, Memphis State University, 1978.

Journal Referee

• The Review of Economics and Statistics
• Quarterly Journal of Business and Economics
• Annals of Regional Science
• Social Science Quarterly
• The Journal of Economic Education

• "How Can a Forensic Economist Help the Jury When Medical Experts Disagree" American Academy of Economic and Financial Experts, Las Vegas, Nevada, April 22, 2021


• "Using the Whole-Time Approach to Estimate Lost Quality of Life Damages in Nevada" American Academy of Economic and Financial Experts, Las Vegas, Nevada, April 25, 2019


• “Using the National Health Interview Survey to Rehabilitate the CPS Occupational Disability Variable” National Association of Forensic Economics Session, Western Economic Association, San Diego, California, June 26, 2017


• “Using Modified Autoregressive Equations to Predict the Future Cost of Medical Care,” National Association of Forensic Economics Session, Western Economic Association, Portland, Oregon, July 1, 2016.


• “Estimating the Lost Value of Household Services from the American Time Use Survey,” National Association of Forensic Economics Session, Western Economic Association, Portland, Oregon, July 2, 2016.


• “Medical Inflation Forecasting,” American Academy of Economic and Financial Experts, Las Vegas, Nevada, March 17, 2016.


• “The Impact of Disability on Job Search Success” Annual Meeting of the Western Economic Association International – NAFE Session IV & V June 30, 2015.


• “The ATUS and the Whole-Time Approach to Economic Damages in Personal Injury and Wrongful Death” Annual Meeting of the Western Economic Association International – NAFE Session IV & V June 30, 2015.


• “Occupational Disability and Earning Capacity: An Econometric Analysis” Annual Meeting of the Western Economic Association International – NAFE IV & V Session June 30, 2015.


• “The Graduate School Lottery: Pre-Med vs. Economics, What The Amercian Community Survey says about earnings by Undergraduate Major” Annual Meeting of the Western Economic Association International – NAFE Session IV & V June 30, 2015.


• “Economics and the Law: Common Skill Set or Common Greed?” (with Djeto Assane) Annual Meeting of the Southern Economic Association, Atlanta, Georgia, November 23, 2014.


• “Niche Forensic Economics,” American Academy of Economic and Financial Experts, Las Vegas, Nevada, March 2014.


• “Two Approaches to Hedonic Damages in Nevada,” National Association of Forensic Economics Session, Southern Economics Association Meetings, Tampa, Florida, November 23, 2013.


• “The Impact of the Americans with Disabilities Act on Labor Market Outcomes: Lessons for Forensic Economists,” National Association of Forensic Economics Session, Southern Economics Association Meetings, San Antonio, Texas, November 22, 2003.


• “Business Cycles and Earning Capacity: the Use of Large Samples from the Current Population Survey in Forensic Economics," Western Social Science Association, Las Vegas, Nevada, April, 2003.


• “Executive Compensation: Are Managers for Not-For-Profits Rewarded for Efficiency?” Western Social Science Association, Las Vegas, Nevada, April, 2003.


• “Estimating the Pre-Injury Probability of Disability”, National Association of Forensic Economics, Presentations for the Meetings of the Southern Economic Association, Tampa, Florida, November 18, 2001.


• "Ownership Type and Nursing Home Performance," Midwest Economics Association, Cincinnati, Ohio, 1995; Southern Economic Association, Washington DC, November, 1992.


• "Fringe Benefit Estimation/Analysis/Application;" "Using Applied Statistics;" "Issues in Productivity," Economics for Vocational Rehabilitation Professionals, University of Nevada, Las Vegas, Nevada, April 11-12, 1992.


• "What is a Boxer Worth?" Western Social Science Association, Denver, Colorado, April 25, 1992.


• "The Impact of Media Exposure on a Professional Boxer's Career," Western Economics Association, Seattle, Washington, July, 1991.


• "A Gravity Model of Library Activity in Las Vegas, Nevada," Western Economic Association, San Diego, California, July 3, 1990, Western Regional Science Association, Monterey, California, February 1990.


• "On Calibrating the UNLV Nevada Regional Models: A Prelude to the Investigation of a Water Shortage Induced Growth Restriction on the Las Vegas Area Economy," Western Economic Association, San Diego, California, July 3, 1990.


• "Local Economic Impact Assessment of the Nevada Test Site: A Methodological Prelude to Socioeconomic Assessment of the Proposed Yucca Mountain High-Level Radioactive Waste Repository," at the Symposium on High Level Radioactive Waste Management, Las Vegas, Nevada, April, 1990.


• "The Role of the Economist in Evaluating Personal Injury," Professional Continuing Education Seminar: Reno, Nevada December 7, 1989; Las Vegas, Nevada December 8, 1989.


• "Rent Controls and Homelessness: An Empirical Investigation," with Bernard Malamud, Western Economic Association, Lake Tahoe, Nevada, June, 1989.


• "The Cause of Homelessness: Poverty or Inadequate Housing," with Bernard Malamud, Western Regional Science Association, San Diego, California, February, 1989.


• "Measuring the Extent of the Subterranean Activity in a Service Oriented Economy," with R. Keith Schwer, Western Economic Assn., Los Angeles, California, July 3, 1988.


• "Corporate Dividends: Managerial Discretion or Market Discipline," with Bernard Malamud, Western Economic Assn., Los Angeles, California, July 3, 1988.


• "A Regional Analysis of Labor's Share of Value Added," with R. D. Dean, Western Regional Science Association, Napa, California, February, 1988.


• "Executive Compensation and Corporate Profit: A Simultaneous Equations Model,"Southwest Social Science Association, Dallas, Texas, March 1987.


• "Right-to-Work Laws Work: RTW and Business Location," Southern Economic Association, New Orleans, Louisiana, November, 1986.


• "A Regional Analysis of Labor's Share of Product Value," with R. D. Dean, Memphis State University, American Statistical Association, Chicago, Illinois, August 1986.


• "Yes, Chicago, There is a Phillips Curve," Midsouth Academy of Economists, Memphis, Tennessee, February, 1986


• "Wage Rates and Unionization: An Empirical Contrast of Competition and Bilateral Monopoly," Southern Economics Association, Dallas, Texas, November, 1985.


• "Employment Growth, Taxes and Services" (with Karen Pickerill), Southern Economics Association, Dallas, Texas, November, 1985.


• "The Effects of Reaganomics on State and Local Government Spending" (with Dale Bails) Southern Economics Association Meetings, Atlanta, Georgia, November 1984.


• "The Transmission of Nominal Wage Changes into Price Changes in the Traditional Phillips Curve" Southern Economics Association Meetings, Atlanta, Georgia, November 1984.


• "A Test of the Feldstein Hypothesis on the Stability of Aggregate Saving" (with Michael Gootzeit) Southern Economics Association Meetings, Atlanta, Georgia, November 1984.


• "Empirical Differences between Union Wage Effects in Construction and Manufacturing", Southwest Economics Association, Houston, Texas, March 1985.


• "Job Crowding in Manufacturing," Missouri Valley Economics Association, Memphis, Tennessee, March 1985.


• "A Simple Test of the Job Crowding Hypothesis," Southwest Social Science Association, Fort Worth, Texas, March 1984 and Houston, Texas, March 1983; Midsouth Academy of Economists, Jackson, Missouri, February 1983.


• "The Determinants of Business Saving," (with M. Gootzeit) Southwest Social Science Association, Fort Worth, Texas, March 1984; Southern Economics Association, Washington, DC, November 1983.


• "Unemployment Compensation and Unemployment Rates," Southwest Social Science Association, Fort Worth, Texas, March 1984.


• "Is There a Political Phillips Curve?" Midsouth Academy of Economists, North Little Rock, Arkansas, February 1984.


• "The Not-For-Profit Firm as a Managerial Syndicate: The Case of Academia," Southwest Social Science Association, Dallas, Texas, March 1981.


• "Case Studies of Community Strategies for Industrial Development" (with R Dean) Southern Regional Science Association, Nashville, Tennessee, April 1980.

Associations

• Omicron Delta Epsilon, Economics Honor Society
• Phi Beta Kappa, Honors Fraternity
• Pi Sigma Alpha, Political Science Honorary Association
• Pi Eta Sigma, Undergraduate Honors Society
• American Economic Association
• Western Economic Association
• Western Regional Science Association
• National Association of Forensic Economists
• American Academy of Economic and Financial Experts

Other Activities

• Southwest Economics Association
• Vice-President (1984-1985)
• Midsouth Association of Business Economists
• President (1983-1984)
• Vice-President (1982-83)
• Secretary (1981-1982 & 1985-1986)
• Southwest Social Science Association
  • Professional Standards Committee (1983-1986)