ECO 101, Introduction to Economics

ECO 243, Introduction to Econmetrics

ECO 498-499, Senior Thesis

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Professor of Economics
Department of Economics
807 Union Street
Union College
Schenectady, NY 12308

Office: 114 Lippman Hall
Office Phone: (518) 388-6218

Fax: (518) 388-6988 Please don’t send me a fax using this number unless you make arrangements with me in advance.  This machine is used by many people without anyone responsible for delivering the faxes.

E-mail Address: schmidts@union.edu

With Union College Since 1974

Education: B.A. 1969, Ph.D. 1977, University of Virginia

Areas of Interest:

Efficiency Measurement, Econometrics, Industrial Organization

Selected Publications:

The Measurement of Productive Efficiency and Productivity Growth, edited by Harold O. Fried, C.A. Knox Lovell, and Shelton S. Schmidt, New York, Oxford University Press, 2008.  ISBN 978-0-19-518352-8.

"Accounting for Environmental Effects and Statistical Noise in Data Envelopment Analysis," with Harold O. Fried, C.A. Knox Lovell, and Suthathip Yaisawarng, Journal of Productivity Analysis, 17(1/2), January/March 2002, pp. 157-174.

"The Fisher Z-Transformation: A Method to Test for Value Relevance in International Accounting Research," with Joan Hollister, The Journal of Accounting and Finance Research, Volume 9, Number 3, Summer II, 2001, pp. 1-9.

"Incorporating the Operating Environment into a Nonparametric Measure of Technical Efficiency," with Harold O. Fried and Suthathip Yaisawarng, Journal of Productivity Analysis, 12(3), November 1999, pp. 249-267.

"Productive, Scale and Scope Efficiencies in U.S. Hospital-Based Nursing Homes," with Harold O. Fried and Suthathip Yaisawarng, INFOR Special Issue on Evaluating Performance in Public and Service Sector Organizations, 36(3), August 1998, pp. 103-119.

The Measurement of Productive Efficiency: Techniques and Applications, edited with Harold O. Fried and C.A. Knox Lovell, New York: Oxford University Press, 1993.

"Productivity Changes in the U.S. Electric Power Industry," with J. Douglass Klein and Suthathip Yaisawarng, in Empirical Studies in Industrial Organization: Essays in Honor of Leonard W. Weiss, D.B. Audretsch and J.J. Siegfried (eds.), Kluwer Academic Publishers, 1992, pp. 207-236.

Professional Activities:

Advisory Board, North American Productivity Workshop, Union College, June 20-22, 2002.