Roger W Sparks Curriculum Vitae

Education
PhD, Economics, University of California at Davis, September 1984

BA, Economics, University of California at Riverside, June 1977

Courses Taught
ECON 113: Money and Financial Institutions
ECON 116: Corporation Finance
ECON 136: Managerial Economics
ECON 148/248: Comparitive Economic Systems
ECON 153: Environmental Economics
ECON 190: Senior Seminar in Business Economics
ECON 192: Senior Seminar in Economics
MGMT 218: Financial Derivatives
MGMT 220: Competitive Strategy

Professional Experience
2001-Present, Professor of Economics, Mills College, Oakland, California

1995-2001, Associate Professor of Economics, Mills College, Oakland, CA

1989-1995, Assistant Professor of Economics, Mills College, Oakland, CA

1988-1989, Visiting Assistant Professor of Economics, University of California, Davis, CA

1983-1988, Assistant Professor of Economics, School of Management and Krannert Graduate School of Management, Purdue University, West Lafayette, Indiana

1985-1986, Visiting Lecturer, Department of Economics, University of Essex, England

1982-1983, Lecturer, Department of Economics, University of California, Davis

1977-1982, Teaching Assistant, Department of Economics, University of California, Davis

1989-2000, Economic Consultant and Expert Witness: Pacific Gas and Electric Company,
Countryside Council for Wales, Intere Intermediaries

Teaching Experience
Graduate: Microeconomic Theory, Labor Economics, General Equilibrium Theory

Undergraduate: Introductory Economics, Microeconomics, Corporate Finance, Managerial Economics, Comparative Economic Systems, Environmental Economics, Money and Financial Institutions, Senior Seminar in Economics, Economics and Politics of Environmental Catastrophe, Economic Issues, Macroeconomics, Labor Economics, Industrial Organization, Monetary Theory, Mathematical Economics.

Publications
“Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability,” with A. Heuson and W. Passmore, reprinted in Housing Economics, Alex Marsh and Kenneth Gibb (eds), Sage Publications, 2010.

“The Experience Curve, Option Value, and the Energy Paradox,” with J. Ansar, Energy Policy 37, March, 2009: 1012-1020.

Introduction to Utility Regulation, course text, published online at Pacific Gas and Electric Company, San Francisco, CA, 2005, 432 pages.

"GSEs, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization," with W. Passmore and J. Ingpen, Journal of Real Estate Finance and Economics, 2002, 25:2/3, 215-242.

"Deception, Dangerousness, and Psychiatrists' Decision Making," with N. Thornborrow, January 2002, The American Journal of Forensic Psychiatry, 23, 1: 5-28.

"Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability," with A. Heuson and W. Passmore, November 2001, Journal of Real Estate Finance and Economics, 23, 3: 337-363.

"The Simple Microeconomics of Government-Sponsored Enterprises," with W. Passmore, May 2001, Proceedings of the Conference on Bank Structure and Competition, 133-149.

"GSEs, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization," with W. Passmore and J. Ingpen, 2001, Papers in the Finance and Economics Discussion Series, Federal Reserve Board, Washington, D.C., 2001-26.

"Automated Underwriting and the Profitability of Mortgage Securitization," with W. Passmore, 2000, Real Estate Economics, 28, 2: 285-305.

"Distribution Performance-Based Ratemaking Design," 1998, Chapter 2, Pacific Gas & Electric Company, 1999 Test Year, pp. 2-1 to 2-8.

"The Effect of Automated Underwriting on Adverse Selection and on the Profitability of Mortgage Securitization," with W. Passmore, Proceedings of the Conference on Bank Structure and Competition, December 1997.

"Report on Total Factor Productivity," Chapters 1 and 5 (with J. Ansar), December 1997, Pacific Gas & Electric Company, Exhibit 5, 1999 Test Year.

"Efficiency Wages and the Regulated Firm," with J. Ansar and P. Cantor, 1997, Journal of Regulatory Economics, 11: 55-66.

"The Effect of Automated Underwriting on the Profitability of Mortgage Securitization," with W. Passmore, 1997, Papers in the Finance and Economics Discussion Series, Federal Reserve Board, Washington, D.C.

"Putting the Squeeze on a Market for Lemons: Government-Sponsored Mortgage Securitization," with W. Passmore, 1996, Journal of Real Estate, Finance and Economics, 13: 27-43.

"Labor Productivity and PG&E's Compensation Strategy," July 1994, Chapter 4 in Total Compensation Strategy, Pacific Gas and Electric Company's 1996 Test Year Rate Case: pp. 4-1 to 4-44 and A4-1 to A4-12.

Reducing SO2 Emissions Through Economic Incentives, with A. Ingham August 1994, Report for Countryside Council for Wales, 9 Chapters, 251 pages and Summary Report, pages 1-41.

"Inflation, System Growth and Productivity," April 1994, Chapter 5 in PG&E's Initiative for Performance-Based Rate Making, pages 5-1 to 5-12 and 5A-1 to 5A-5.

"An Efficiency Model of Deposit Pricing and Rate Rigidity," with W. Passmore, November 1993, in Federal Reserve System, Board of Governors, Finance and Economics Discussion Series, 93-38: 1-31.

"Worker Productivity," with J. Ansar, June 1992, Chapter 8 in Rebuttal Testimony: Volume I, Pacific Gas and Electric Company, pages. 8-1 to 8-8.

"Real Wages, Productivity, and the Cycle: An Efficiency Wage Model," with M. Chatterji, 1991, Journal of Macroeconomics, 13, 3: 495-510.

Chapter 2 in Report on Total Factor Productivity at the Pacific Gas and Electric Company, with J. Ansar, September 1991, pages 1-21.

"An Implicit Contract Approach to Employee Stock Ownership Plans," with D. Kovenock, 1990, Journal of Comparative Economics, 14, 4: 425-451.

"The Labor-Managed Firm Under Imperfect Monitoring: Employment and Work Effort Responses," with K. Nantz, 1990, Journal of Comparative Economics, 14, 1: 33-50.

"Economic and Demographic Trends for California," Report to Intere Intermediaries, Inc., November 1990, pages 1-25.

"The Economics of Profit Sharing," with M. Chatterji, Spring 1987. Focus on Economic Issues, pages. 1-4.

"A Model of Involuntary Unemployment and Wage Rigidity: Worker Incentives and the Threat of Dismissal," 1986, Journal of Labor Economics, 4, 4: 560-581.

Presentations
The Experience Curve, Option Value, and the Energy Paradox at the Rutgers University 21st Annual Western Conference, Advanced Workshop in Regulation and Competition, Monterey, CA June, 2008.

“Experience Economies and Energy-Saving Investments (Or A Random Walk with Jumps to Clear Hurdles)” at the Rutgers University 20th Annual Western Conference, Advanced Workshop in Regulation and Competition, Monterey, CA June 27-29, 2007.

“Good Doctors Making Bad Decisions about Dangerousness,” at the Faculty Works in Progress Seminar, Social Science Division, Mills College, April 8, 2005.

"Credit Scoring and Mortgage Securitization: Do They Lower Mortgage Rates?" at the Federal Reserve Bank of Cleveland's Conference on Regulation in Housing Finance, Cleveland, Ohio, May 19, 2000.

"Mortgage Rates under Private Sector and Government-Sponsored Mortgage Securitization," presented at the Annual Meeting of American Economic Association, Boston, January 7, 2000.

"Is there a "New Economy?" A talk for the Symposium on the Economics of Life Satisfaction Issues, Mills College, September 24, 1999.

"Information Asymmetry, Credit Scoring, and Mortgage Securitization," at the Annual Meeting of American Economic Association, New York, January 5, 1999.

"Faculty Research in the Social Sciences at Mills" A talk for the Board of Trustees, Mills College, February 26, 1998.

"Efficiency Wages and the Regulated Firm," at the Rutgers University Advanced Workshop in Regulation and Public Utility Economics, 7th Annual Western Conference, July 1996.

Invited Discussant to the Annual Meeting of the American Economic Association, joint session with the North American Finance Association: The Regulation of Banking: A Benefit or a Burden? Washington D.C., January 6-8, 1995.

Invited Discussant to the Rutgers University Advanced Workshop in Regulation and Public Utility Economics, 7th Annual Western Conference, July 6-8, 1994.

"Price Rigidity of Core Deposits," at the Annual Meeting of American Economic Association, joint session with the North American Economics and Finance Association, January 7, 1993.

"Thinking Strategically About International Business," Presented at the Management Development Program, Mills College, January 1992.

"Retail Deposit Pricing: A Model of Non Market Clearing," at the Financial Management Association Meetings, Chicago, IL, October 1991.

"Incentive Proposals for Energy Conservation: An Assessment," at the Western Economic Association Meetings, Seattle, WA, July 1991.

"Environmental Policies and Business Practices," at the Management Development Program, Mills College, January 1991.

"Incentive Schemes for Energy Conservation and their Effects on Electric Utility Productivity," at the Third Annual Workshop in Regulation and Public Utility Economics, San Diego, California, July 1990.

"Retail Deposit Markets and Efficiency Interest Rates," at the Western Economic Association Meetings, San Diego, California, July 1990.

"Real Wages, Productivity and the Cycle: An Efficiency Wage Model," at: Claremont Graduate School; University of California, Davis; San Diego State University; and California State University, Northridge; 1987.

"An Implicit Contract Approach to Employee Stock Ownership Plans," at the Western Economics Association Meetings, University of British Columbia, Vancouver, Canada, July 1987.

"Profit Sharing and Implicit Contracts," at the Economics Seminar, Essex University, England, October 1985.

"Imperfect Monitoring, Involuntary Unemployment and Aggregate Supply," at the Conference on Involuntary Unemployment held by the Economic Theory Study Group of the Economic and Social Research Council, York University, England, July 1985.

Professional and Community Service
Journal Referee for:
The Economic Journal
Oxford Economic Papers
Journal of Money, Credit and Banking
Journal of Comparative Economics
Journal ‚of Macroeconomics
Quarterly Journal of Business and Economics
Journal of Economic Behavior and Organization
Journal of Economic Education
International Economic Review
Australian Economic Papers
Energy Journal
Energy Policy

Professional Membership
American Economic Association International
Royal Economic Society
Association for Comparative Economic Studies
Western Economic Association International

Awards, Honors, and Research Grants
James Irvine Endowed Chair, 2004-2006

Trefethen Teaching Award, 2003

Mary Metz Endowed Chair, 2001

Mills College, Summer Research Grant, 1990-2001

Sarlo Faculty Award for Outstanding Teaching, Mills College, 1997

Purdue Research Foundation, Summer Research Grant, 1987

"An Implicit Contract Approach to Employee Stock Ownership Plans," with D. Kovenock,
Ingersoll-Rand, Summer Research Fellowship, 1985

Krannert Endowment Grant, 1985

"Employee Stock Ownership Plans and Self-Enforcing Contracts," with D. Kovenock,
Faculty XL Award, Purdue Research Foundation, 1985

Outstanding Teaching Assistant Award, U. C. Davis, 1979

Phi Beta Kappa, U.C. Riverside, 1977