The Fuqua School of Business
Duke University
Durham, NC 27708-0120
Fax: 919-660-7971
E-mail: mjm14@mail.duke.edu


Ph.D., Economics, University of Michigan, 1984
M.A., Economics, University of Michigan, 1982
M.B.A., Babson College, 1978
B.S., Boston College, 1975






Degree Programs

Managerial Economics (Intermediate Microeconomics): Fuqua School of Business MBA, WEMBA, EMBA, and GEMBA programs, various years, U. of Michigan Business School, 1981-84, U. of Michigan Economics, 1982; Economic Environment of the Firm (Intermediate Macroeconomics): Fuqua MBA, WEMBA, EMBA programs, various years, INSEAD MBA program, 1996, U. of Michigan Business School, 1981-84; Applied Econometrics: Fuqua PhD, MBA programs, various years; Health Policy, Fuqua WEMBA program, 1996; Industrial Relations, Fuqua MBA program, 1990; Regulation, Fuqua MBA, EMBA, various years; Investment Analysis, Duke Undergraduate Program, 1985-86;

Executive Education

Program for Manger Development, Russia and Newly Independent States; Eli Lilly Global Management Program; Strategic Human Resources Program; Advanced Management Program.



Compensation Mechanisms for Job Risks: Wages, Workers' Compensation, and Product Liability, with W. Kip Viscusi, (Princeton University Press, 1990). Awarded Kulp-Wright Prize for Outstanding Book in Risk and Insurance, 1990.


Journal Articles

  1. "Workers' Compensation: Wage Effects, Benefit Inadequacies, and the Value of Health Losses," with W. Kip Viscusi, The Review of Economics and Statistics, Vol. 69, No. 2 (1987), pp. 249-261.

  2. "The Quantity Adjusted Value of Life," with W. Kip Viscusi, Economic Inquiry, Vol. 26, No. 3 (1988), pp. 369-388. Awarded best paper prize for 1988 volume of Economic Inquiry.

  3. "Doubling the Estimated Value of Life: Results Using New Occupational Fatality Data," with W. Kip Viscusi, Journal of Policy Analysis and Management, Vol. 7, No. 3 (1988), pp. 476-490.

  4. "Adaptive Learning, Adaptive Utility, and Rational Behavior in a Repeated Prisoner's Dilemma," with Marian C. Moore (1989), The Journal of Risk and Uncertainty, Vol 2, No. 4, pp. 267-283.

  5. "Rates of Time Preference and Valuations of the Duration of Life," with W. Kip Viscusi, Journal of Public Economics, no. 38 (1989), pp. 297-317.

  6. "Promoting Safety Through Workers' Compensation: The Efficacy and Net Wage Costs of Injury Insurance," with W. Kip Viscusi, The RAND Journal of Economics, Vol. 20, No. 4 (1989), pp. 499-515.

  7. "Discounting Environmental Health Risks: New Evidence and Policy Implications," with W. Kip Viscusi, Journal of Environmental Economics and Management, No. 18 (1989), pp. S51-S62.

  8. "Models for Estimating Discount Rates for Long-term Health Risks Using Labor Market Data," with W. Kip Viscusi, Journal of Risk and Uncertainty, Vol. 3 (1990), pp. 381-401.

  9. "Pioneering and Market Share: Is Entry Time Endogenous and Does It Matter?" with William Boulding and Ronald Goodstein. Journal of Marketing Research, Vol. 28 (1991), pp. 97-104.

  10. "Worker Learning and Compensating Differentials," with W. Kip Viscusi. Industrial and Labor Relations Review, Vol. 45, no. 1 (1991), pp. 80-96.

  11. "Product Liability, Research and Development, and Innovation," with W. Kip Viscusi, Journal of Political Economy, Vol. 101, no. 1 (1993), pp. 161-184.

  12. "Drinking and Schooling," with Philip Cook, Journal of Health Economics, Vol. 12 (1994), pp.411-429. Awarded Kenneth Arrow Award, best paper in health economics, (1993).

  13. "This Tax's for You: The Case for a Higher Beer Tax," with Philip Cook, National Tax Journal, 47 (3), (1994), pp. 559-573.

  14. "A Statistical Profile of Product Liability in the Pharmaceutical Industry," with W. Kip Viscusi and James Albright, Seton Hall Law Review, 24,(3),(1994), pp. 1418-1436.

  15. "Habit Formation, Interdependent Preferences, and Individual Consumption: Evidence from Panel Data," with Narayan Naik. Review of Economics and Statistics,vol. 88 (1996), pp. 321-328.

  16. "Unions, Employment Risks, and Market Provision of Employment Risk Differentials," Journal of Risk and Uncertainty, 10 (1), 1995, pp. 57-70.

  17. "The Learning Curve for Laparoscopic Cholycystectomy," with W. Meyers and C. Bennett, American Journal of Surgery.

  18. "Consumer Product Safety Regulation in the U.S. and U.K.: The Case of Bicycles," with Wes Magat. RAND Journal of Economics, Spring, 1996, pp. 148-164.

  19. "The Impact of Velnacrine Maleate on Time Use among Caregivers of Patients with Alzheimer's Disease," with Elizabeth Clipp. Clinical Pharmacology, .

  20. "Death and Tobacco Taxes." RAND Journal of Economics, Summer, 1996, pp. 415-428.

  21. "An Outcome Measure for Use in Clinical Trials Research on Alzheimer's Disease. with Elizabeth Clipp and Linda George, forthcoming, American Journal of Alzheimer's Disease.

  22. "Labelling and Performance Standards for Product Safety: The Case of CPSC's Lawn Mower Standards," with Wes Magat, forthcoming in Managerial and Decision Economics.

  23. "The Injury Risk Consequences of the All-Terrain Vehicles Consent Decrees," with Wes Magat, forthcoming in International Review of Law and Economics.


  1. "Michigan State Expenditures and the Provision of Public Services," John Cross with Cathy Jensen, Michael Moore and Janet Wolfe, in Brazer, Harvey E., (ed.), Michigan's Fiscal and Economic Structure, University of Michigan Press, Ann Arbor, Michigan, (1981).

  2. "Social Insurance in Market Contexts: Implications of the Structure of Workers' Compensation for Job Safety and Wages," with W. Kip Viscusi, in Contributions to Insurance Economics, G. Dionne, ed. (Norwell, MA: Kluwer Academic Publishers, 1989), pp. 399-424.

  3. "Have Increases in Workers' Compensation Benefits Paid for Themselves?" with W. Kip Viscusi, in Benefits, Costs, and Cycles in Workers' Compensation Insurance, P. Borba and D. Appel, eds., (Norwell, Ma: Kluwer Academic Publishers, 1990), pp. 1-22.

  4. "Cooperation, Hierarchy, and Structure," with Marian Chapman Moore, in Research on Negotiation in Organizations, Vol. 2, Roy J. Lewicki, et al., ed., (JAI press, 1990), pp. 207-217.

  5. "Rationalizing the Relationship between Product Liability and Innovation," with W. Kip Viscusi, Tort Law and the Public Interest, P. Schuck, ed., (W. W. Norton Publishers, 1991), pp.105-127.

  6. "An Industrial Profile of the Links between Product Liability and Innovation," with W. Kip Viscusi, in Litan, R. and P. Huber, The Liability Maze (Washington, D. C.: Brookings Institution, 1991) pp. 81-119.

  7. "Accident Records as a Screening Device: An Appraisal," in The Human Resources Professional, Vol. 3, no. 3 (1991), pp. 13-15.

  8. "Violence Reduction Through Restrictions on Alcohol Availability," with Phil Cook in Alcohol, Health, and Research World, Vol. 17, no. 2 (1993), pp. 151-156.

  9. "Taxation of Alcoholic Beverages," with Phil Cook, in Hilton, Michael, and Greg Bloss, Economics and the Prevention of Alcohol-Related Problems, U.S. Department of Health and Human Services, (1993), pp. 33-58.

  10. "Economic Perspectives on Alcohol Related Violence," with Phil Cook, in S. Martin, ed.,Alcohol and Interpersonal Violence, Research Monograph No. 24, National Institute of Alcohol Abuse and Alcoholism, (1994), pp. 193-212.

  11. "Nonprice Competition, Cost Shocks, and Profits in the Airline Industry," with Messod D. Beneish in B. Starr McMullen, ed., Research in Transportation Economics, Vol. 3 (1994), pp. 67-94.

  12. Review of A Measure of Malpractice: Medical Injury, Malpractice Litigation, and Patient Compensation, Weiler, Paul C., et al., Journal of Economic Literature,.

  13. Review of Simulating Workplace Safety, Kneisner, T. and J. Leeth, Kluwer Academic Press, forthcoming in Journal of Economic Literature.

  14. "The Law and Economics of Workers' Compensation Insurance," forthcoming in New Palgrave Dictionary of Law and Economics, P. Newman, ed.


  1. "Effect of Mentane (velnacrine maleate) on Alzheimer Caregiver Time Allocation: A Multicenter, Double-blind Comparison with Placebo," with Elizabeth C. Clipp. On file Hoechst-Roussel Pharmaceuticals Neuroscience Strategic Marketing, (1993).

  2. Consumer Product Safety Regulation: Lessons from International Data, with Wesley Magat. Final Report to National Science Foundation, Decision, Risk, and Management Science Program, Project No. 8922249, (1994).

  3. "Alzheimer's Disease and Caregiver Time," with Elizabeth C. Clipp. Letter to the Editor, The Lancet, 1994.

  4. "Impact of Therapy on Caregiving Time and Costs in Alzheimer's Disease," with Elizabeth C. Clipp. Progress in Alzheimer's Disease, 1994, in press.

  5. "Block the threats to Workers' Compensation," op-ed article, Wall Street Journal.


  1. "A "New" Data Source for Interindustry Studies in Industrial Organization: (Disguised) PIMS Data," with W. Boulding. Previous title: "Economic and Econometric Approaches to the Analysis of Disguised PIMS Data."

  2. Applied Econometrics: a STATA Companion, with Gregg Talbert and Jim Albright, Working Paper.

  3. "Cheap Talk, Similar Preferences, and Strategic Information: Experimental Evidence on the Importance of Verbal Messages in a Two-Person Game," with Marian C. Moore and Ruskin Morgan, Duke University Working Paper. Under review.

  4. "Discontinuous Wage Changes and Job Events," with W. Kip Viscusi and Richard Zeckhauser. Under review.

  5. "Addiction and Schooling."

  6. "Drinking and Earnings," with Philip Cook, draft.

  7. "Drinking by Young Adults, Part I: Demographics," with Philip Cook and Rosalie Pacula.

  8. Center for the Study of Business, Regulation, and Economic Policy Working Paper, No. 93-15.

    "The Allocation of Time to Caregiving," with Elizabeth Clipp, Center for the Study of Business, Regulation, and Economic Policy Working Paper, No. 94-4.

  9. "The Efficacy of Voluntary Safety Standards: The Case of Chain Saws," with Wesley Magat, Center for the Study of Business, Regulation, and Economic Policy Working Paper, No. 93-14. Under second review.

  10. "Habit and Heterogeneity in the Youthful Demand for Alcohol," with Philip Cook. Center for the Study of Business, Regulation, and Economic Policy Working Paper, No. 94-3. Under second review.

  11. "Changes in Abortion Funding and Pregnancy Outcomes," with Alan Parnell, Phil Cook, and Deanna Pagnini, under review.