Reuben Kyle | Middle Tennessee State University (original) (raw)

Papers by Reuben Kyle

Research paper thumbnail of Technological change and the production of ocean shipping services

Review of industrial organization, 1997

This paper presents results for the estimation of a translog variable profit function for the sub... more This paper presents results for the estimation of a translog variable profit function for the subsidized U.S. liner shipping industry. In a study of fifteen firms for the period from 1971 through 1982, the estimation results for a translog variable profit function indicate an industry characterized by input-saving technological changes in the cargo-handling input and important scale economies that increase in extent over the period. At the beginning of the period, the U.S. liner shipping industry included fifteen subsidized firms and several unsubsidized firms. At this writing, four subsizied firms and one unsubsidized firm remain. The technological changes examined here and the diffusion of that technology throughout the international shipping industry are major factors in explaining that dramatic restructuring.

Research paper thumbnail of Airline Deregulation : Did Economists Promise Too Much or Too Little?

The Logistics and Transportation Review, 1985

Research paper thumbnail of Review and Evaluation of Analyses on the Economic Impact of Rate and Service Cooperation by Ocean Liner Companies

PDFTech ReportDOT-TSC-OST-83-2Ocean linersCruise shipsAntitrust lawsPublic policyPolicy makingCom... more PDFTech ReportDOT-TSC-OST-83-2Ocean linersCruise shipsAntitrust lawsPublic policyPolicy makingCompetitionUnited StatesUnited States. Dept. of Transportation. Office of the SecretaryKyle, R.John A. Volpe National Transportation Systems Center, (U.S.)NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCENTL-ECONOMICS AND FINANCE-Marine Economics and FinanceNTL-MARINE/WATERWAYS TRANSPORTATION-Marine Economics and FinanceNTL-MARINE/WATERWAYS TRANSPORTATION-MARINE/WATERWAYS TRANSPORTATIONVolpe National Transportation Systems Center, Technical Reference CenterThe literature on liner shipping companies is reviewed and discussed. The first section of the report examines the argument that liner shipping has unique characteristics that require a special public policy as regards monopoly and anti-trust legislation, while the second section examines the ability of liner conferences to inhibit competition. In the final section conference efforts in the rationalisation of liner services are examined

Research paper thumbnail of A Switching Regime Approach to Measuring the Effects of Technological Change in Ocean Shipping

Journal of Productivity Analysis, 2000

This study examines the dramatic change in production technology of the U.S. ocean liner shipping... more This study examines the dramatic change in production technology of the U.S. ocean liner shipping industry over the period 1971 through 1982 using panel data on 15 subsidized U.S.-flag liner firms. To estimate the changes in the production function due to the new technology, the switching regime method of Goldfeld and Quandt is applied to a translog variable profit function. Three regimes based on the proportion of the new technology reflected in a firm's fleet are identified. The constant returns to scale fleet size more than doubles across the three regimes.

Research paper thumbnail of Maritime Protectionism: A new call for cargo preference

Research paper thumbnail of Tracking Tennessee's Economic Recovery

Tennessee S Business, 2012

Research paper thumbnail of The Tennessee Education Lottery Scholarship: A Reward for Past Achievement or Motivator for Future Performance?

Working Papers, 2007

The Tennessee lottery scholarship (TELS) program is intended to make college more affordable for ... more The Tennessee lottery scholarship (TELS) program is intended to make college more affordable for young people in Tennessee, with the aim of increasing higher education enrollment and retention rates. One way to evaluate the effectiveness of TELS is to determine to what extent did the scholarship change student behavior? That is, does TELS induce desirable behavior that would not otherwise occur? Using a logit model to predict year-over-year college retention, we conclude that TELS has a positive, but small, effect on student behavior in Tennessee. The biggest impact of TELS occurs among continuing students, with no effect for first-time students.

Research paper thumbnail of Teaching a U.S. Graduate Economics Course Abroad: A Case Study from France

Journal of Teaching in International Business, 2001

Research paper thumbnail of Seller concentration, price competition, and nonprice forms of competition in consumer goods industries

Research paper thumbnail of The Differential Effects of Deregulation on Savings and Loan Associations and Banks

Journal of Financial Research, 1994

The passage of the Garn-St Germain Depository Institutions Act of 1982 was a legislative response... more The passage of the Garn-St Germain Depository Institutions Act of 1982 was a legislative response to the plight of the thrift industry. The Act broadened the asset/liability powers of thrifts and granted regulators emergency authority to aid failing institutions. In this paper we analyze the effect of the Act on the market returns of large S&Ls and banks using a two-factor estimating procedure. Singlefactor models of depository institutions' returns produce biased estimates and confound the Act's interpretation. Explicit treatment of the event/risk interaction is necessary to avoid ambiguities in the interpretation of the Act's effect on the returns of depository institutions. It is difficult to use capital market data to pinpoint the effect of information flows on complex regulatory changes.

Research paper thumbnail of The Simultaneity of Bank Decision-Making, Market Structure, and Bank Performance

The Journal of Finance, 1979

NUMEROUS STUDIES HAVE EXAMINED the relationship between the structure of banking markets and bank... more NUMEROUS STUDIES HAVE EXAMINED the relationship between the structure of banking markets and bank performance. Nevertheless, there is little unanimity in the findings. Furthermore, the inconsistencies in the reported results seem to go beyond sampling ...

Research paper thumbnail of Affiliated Bank Performance and the Simultaneity of Financial Decision-Making

The Journal of Finance, 1980

THE REMARKABLE GROWTH of bank holding companies (BHCs) during the last decade has aroused a great... more THE REMARKABLE GROWTH of bank holding companies (BHCs) during the last decade has aroused a great deal of interest and controversy among academic economists and bank regulators. One of the important issues discussed has been the impact of holding ...

Research paper thumbnail of The Impact of Market Structure on Bank Performance: A Simultaneous Equation Model

The Financial Review, 1977

Research paper thumbnail of Identifying the Best Buys in U.S. Higher Education

Research in Higher Education, 2012

Consumers of higher education face a bewildering array of product and price combinations. We comp... more Consumers of higher education face a bewildering array of product and price combinations. We compare U. S. institutions with a Data Envelopment Analysis (DEA) multi-factor frontier using 2000-2001 data for 1,188 four-year institutions of higher education. The input is net price or tuition, fees, room, and board less per student financial aid. Outputs include SAT score, athletic expenditures, instructional expenditures, value of buildings, dorm capacity, and student body characteristics. The DEA efficiency scores indicate the distance of each institution from the-best buy‖ frontier, providing an objective means of ranking institutions as the best buys in higher education.

Research paper thumbnail of Technological Change and the Production of Ocean Shipping Services

Review of Industrial Organization, 1997

This paper presents results for the estimation of a translog variable profit function for the sub... more This paper presents results for the estimation of a translog variable profit function for the subsidized U.S. liner shipping industry. In a study of fifteen firms for the period from 1971 through 1982, the estimation results for a translog variable profit function indicate an industry characterized by input-saving technological changes in the cargo-handling input and important scale economies that increase

Research paper thumbnail of Teaching a U.S. Graduate Economics Course Abroad

Journal of Teaching in International Business, 2001

... Education, vol. 31, 325. Kedia, Ben L., and Harveston, Paula D. (1998), “Transformation of MB... more ... Education, vol. 31, 325. Kedia, Ben L., and Harveston, Paula D. (1998), “Transformation of MBA Programs: Meeting the Challenge of International Competition,” Journal of World Business, Summer, vol. 33, no. 2, 203-218. Morse ...

Research paper thumbnail of An Update on the High-Tech MBA

Journal of Education for Business, 2005

The popularity of the master's of business administration (MBA) degree has resulted in bo... more The popularity of the master's of business administration (MBA) degree has resulted in booming enrollments in the United States and around the world. In the late 1990s, the MBA degree seemed to be in danger of being taken over by trends in high technology. First, forprofit providers gained students and credibility to such an extent that respected traditional not-for-profit universities

Research paper thumbnail of Dating structural changes: An illustration from financial deregulation

Journal of Economics and Finance, 2004

Recent developments in econometrics emphasize the importance of testing for structural breaks in ... more Recent developments in econometrics emphasize the importance of testing for structural breaks in time series analysis. The typical event study of financial economics examines abnormal stock market returns around arbitrarily established dates. The paper has two objectives. The first aim is to present an application of the switching regression methodology to date structural changes in the return-generating function of financial

Research paper thumbnail of Capital markets' assessment of airline restructuring following deregulation

Applied Economics, 1992

... Capital markets' assessment of airline restructuring following deregulation REUB... more ... Capital markets' assessment of airline restructuring following deregulation REUBEN KYLE, THOMAS H. STRICKLAND and BICHAKA FAYISSA ... Empirical studies by Morrison and Winston (1989) and Butler and Huston (1989) indicate that a reduction in the actual number of ...

Research paper thumbnail of A Switching Regime Approach to Measuring the Effects of Technological Change in Ocean Shipping

Journal of Productivity Analysis, 2004

This study examines the dramatic change in production technology of the U.S. ocean liner shipping... more This study examines the dramatic change in production technology of the U.S. ocean liner shipping industry over the period 1971 through 1982 using panel data on 15 subsidized U.S.-flag liner firms. To estimate the changes in the production function due to the new technology, the switching regime method of Goldfeld and Quandt is applied to a translog variable profit function. Three regimes based on the proportion of the new technology reflected in a firm's fleet are identified. The constant returns to scale fleet size more than doubles across the three regimes.

Research paper thumbnail of Technological change and the production of ocean shipping services

Review of industrial organization, 1997

This paper presents results for the estimation of a translog variable profit function for the sub... more This paper presents results for the estimation of a translog variable profit function for the subsidized U.S. liner shipping industry. In a study of fifteen firms for the period from 1971 through 1982, the estimation results for a translog variable profit function indicate an industry characterized by input-saving technological changes in the cargo-handling input and important scale economies that increase in extent over the period. At the beginning of the period, the U.S. liner shipping industry included fifteen subsidized firms and several unsubsidized firms. At this writing, four subsizied firms and one unsubsidized firm remain. The technological changes examined here and the diffusion of that technology throughout the international shipping industry are major factors in explaining that dramatic restructuring.

Research paper thumbnail of Airline Deregulation : Did Economists Promise Too Much or Too Little?

The Logistics and Transportation Review, 1985

Research paper thumbnail of Review and Evaluation of Analyses on the Economic Impact of Rate and Service Cooperation by Ocean Liner Companies

PDFTech ReportDOT-TSC-OST-83-2Ocean linersCruise shipsAntitrust lawsPublic policyPolicy makingCom... more PDFTech ReportDOT-TSC-OST-83-2Ocean linersCruise shipsAntitrust lawsPublic policyPolicy makingCompetitionUnited StatesUnited States. Dept. of Transportation. Office of the SecretaryKyle, R.John A. Volpe National Transportation Systems Center, (U.S.)NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCENTL-ECONOMICS AND FINANCE-Marine Economics and FinanceNTL-MARINE/WATERWAYS TRANSPORTATION-Marine Economics and FinanceNTL-MARINE/WATERWAYS TRANSPORTATION-MARINE/WATERWAYS TRANSPORTATIONVolpe National Transportation Systems Center, Technical Reference CenterThe literature on liner shipping companies is reviewed and discussed. The first section of the report examines the argument that liner shipping has unique characteristics that require a special public policy as regards monopoly and anti-trust legislation, while the second section examines the ability of liner conferences to inhibit competition. In the final section conference efforts in the rationalisation of liner services are examined

Research paper thumbnail of A Switching Regime Approach to Measuring the Effects of Technological Change in Ocean Shipping

Journal of Productivity Analysis, 2000

This study examines the dramatic change in production technology of the U.S. ocean liner shipping... more This study examines the dramatic change in production technology of the U.S. ocean liner shipping industry over the period 1971 through 1982 using panel data on 15 subsidized U.S.-flag liner firms. To estimate the changes in the production function due to the new technology, the switching regime method of Goldfeld and Quandt is applied to a translog variable profit function. Three regimes based on the proportion of the new technology reflected in a firm's fleet are identified. The constant returns to scale fleet size more than doubles across the three regimes.

Research paper thumbnail of Maritime Protectionism: A new call for cargo preference

Research paper thumbnail of Tracking Tennessee's Economic Recovery

Tennessee S Business, 2012

Research paper thumbnail of The Tennessee Education Lottery Scholarship: A Reward for Past Achievement or Motivator for Future Performance?

Working Papers, 2007

The Tennessee lottery scholarship (TELS) program is intended to make college more affordable for ... more The Tennessee lottery scholarship (TELS) program is intended to make college more affordable for young people in Tennessee, with the aim of increasing higher education enrollment and retention rates. One way to evaluate the effectiveness of TELS is to determine to what extent did the scholarship change student behavior? That is, does TELS induce desirable behavior that would not otherwise occur? Using a logit model to predict year-over-year college retention, we conclude that TELS has a positive, but small, effect on student behavior in Tennessee. The biggest impact of TELS occurs among continuing students, with no effect for first-time students.

Research paper thumbnail of Teaching a U.S. Graduate Economics Course Abroad: A Case Study from France

Journal of Teaching in International Business, 2001

Research paper thumbnail of Seller concentration, price competition, and nonprice forms of competition in consumer goods industries

Research paper thumbnail of The Differential Effects of Deregulation on Savings and Loan Associations and Banks

Journal of Financial Research, 1994

The passage of the Garn-St Germain Depository Institutions Act of 1982 was a legislative response... more The passage of the Garn-St Germain Depository Institutions Act of 1982 was a legislative response to the plight of the thrift industry. The Act broadened the asset/liability powers of thrifts and granted regulators emergency authority to aid failing institutions. In this paper we analyze the effect of the Act on the market returns of large S&Ls and banks using a two-factor estimating procedure. Singlefactor models of depository institutions' returns produce biased estimates and confound the Act's interpretation. Explicit treatment of the event/risk interaction is necessary to avoid ambiguities in the interpretation of the Act's effect on the returns of depository institutions. It is difficult to use capital market data to pinpoint the effect of information flows on complex regulatory changes.

Research paper thumbnail of The Simultaneity of Bank Decision-Making, Market Structure, and Bank Performance

The Journal of Finance, 1979

NUMEROUS STUDIES HAVE EXAMINED the relationship between the structure of banking markets and bank... more NUMEROUS STUDIES HAVE EXAMINED the relationship between the structure of banking markets and bank performance. Nevertheless, there is little unanimity in the findings. Furthermore, the inconsistencies in the reported results seem to go beyond sampling ...

Research paper thumbnail of Affiliated Bank Performance and the Simultaneity of Financial Decision-Making

The Journal of Finance, 1980

THE REMARKABLE GROWTH of bank holding companies (BHCs) during the last decade has aroused a great... more THE REMARKABLE GROWTH of bank holding companies (BHCs) during the last decade has aroused a great deal of interest and controversy among academic economists and bank regulators. One of the important issues discussed has been the impact of holding ...

Research paper thumbnail of The Impact of Market Structure on Bank Performance: A Simultaneous Equation Model

The Financial Review, 1977

Research paper thumbnail of Identifying the Best Buys in U.S. Higher Education

Research in Higher Education, 2012

Consumers of higher education face a bewildering array of product and price combinations. We comp... more Consumers of higher education face a bewildering array of product and price combinations. We compare U. S. institutions with a Data Envelopment Analysis (DEA) multi-factor frontier using 2000-2001 data for 1,188 four-year institutions of higher education. The input is net price or tuition, fees, room, and board less per student financial aid. Outputs include SAT score, athletic expenditures, instructional expenditures, value of buildings, dorm capacity, and student body characteristics. The DEA efficiency scores indicate the distance of each institution from the-best buy‖ frontier, providing an objective means of ranking institutions as the best buys in higher education.

Research paper thumbnail of Technological Change and the Production of Ocean Shipping Services

Review of Industrial Organization, 1997

This paper presents results for the estimation of a translog variable profit function for the sub... more This paper presents results for the estimation of a translog variable profit function for the subsidized U.S. liner shipping industry. In a study of fifteen firms for the period from 1971 through 1982, the estimation results for a translog variable profit function indicate an industry characterized by input-saving technological changes in the cargo-handling input and important scale economies that increase

Research paper thumbnail of Teaching a U.S. Graduate Economics Course Abroad

Journal of Teaching in International Business, 2001

... Education, vol. 31, 325. Kedia, Ben L., and Harveston, Paula D. (1998), “Transformation of MB... more ... Education, vol. 31, 325. Kedia, Ben L., and Harveston, Paula D. (1998), “Transformation of MBA Programs: Meeting the Challenge of International Competition,” Journal of World Business, Summer, vol. 33, no. 2, 203-218. Morse ...

Research paper thumbnail of An Update on the High-Tech MBA

Journal of Education for Business, 2005

The popularity of the master's of business administration (MBA) degree has resulted in bo... more The popularity of the master's of business administration (MBA) degree has resulted in booming enrollments in the United States and around the world. In the late 1990s, the MBA degree seemed to be in danger of being taken over by trends in high technology. First, forprofit providers gained students and credibility to such an extent that respected traditional not-for-profit universities

Research paper thumbnail of Dating structural changes: An illustration from financial deregulation

Journal of Economics and Finance, 2004

Recent developments in econometrics emphasize the importance of testing for structural breaks in ... more Recent developments in econometrics emphasize the importance of testing for structural breaks in time series analysis. The typical event study of financial economics examines abnormal stock market returns around arbitrarily established dates. The paper has two objectives. The first aim is to present an application of the switching regression methodology to date structural changes in the return-generating function of financial

Research paper thumbnail of Capital markets' assessment of airline restructuring following deregulation

Applied Economics, 1992

... Capital markets' assessment of airline restructuring following deregulation REUB... more ... Capital markets' assessment of airline restructuring following deregulation REUBEN KYLE, THOMAS H. STRICKLAND and BICHAKA FAYISSA ... Empirical studies by Morrison and Winston (1989) and Butler and Huston (1989) indicate that a reduction in the actual number of ...

Research paper thumbnail of A Switching Regime Approach to Measuring the Effects of Technological Change in Ocean Shipping

Journal of Productivity Analysis, 2004

This study examines the dramatic change in production technology of the U.S. ocean liner shipping... more This study examines the dramatic change in production technology of the U.S. ocean liner shipping industry over the period 1971 through 1982 using panel data on 15 subsidized U.S.-flag liner firms. To estimate the changes in the production function due to the new technology, the switching regime method of Goldfeld and Quandt is applied to a translog variable profit function. Three regimes based on the proportion of the new technology reflected in a firm's fleet are identified. The constant returns to scale fleet size more than doubles across the three regimes.