Associate
Professor
Rutgers Business School – Newark and New Brunswick
Department of Finance and
Economics
1 Washington
Newark , NJ 07102-1820
email: rpatrick
at rutgers.edu (replace at with @ to send email)
phone: (973) 353-5247
Selected working papers and course descriptions are available below
in Adobe Acrobat (.pdf) format. You can download the .pdf files and use Adobe Acrobat Reader to view and print
the files. The Adobe Acrobat reader can
be downloaded, at no charge, from 
Courses at
Spring 2012
Econometrics (26:223:554) Syllabus
Financial Analysis, Planning, and
Forecasting (33:390:450) Syllabus
Fall 2011
Advanced Econometrics
(26:223:655) Syllabus
Financial Econometrics
(29:390:300:63) Syllabus
Prior
Economic Analysis and Industrial
Organization (22:223:521) Syllabus
Empirical Finance
(26:390:668) Syllabus
Finance (29:390:329) Syllabus
Introduction to
Financial Management (33:390:300) Syllabus
Managerial Economic Analysis (22:223:581) Syllabus
Aggregate Economics (22:223:591) Syllabus
Working Papers
(1)
"The Impact of Market Rules and Market
Structure on the Price Determination Process in the
(2)
"A Microeconometric
Test of the Theory of Exhaustible Resources," with J.M. Chermak (.pdf).
Final version published in the Journal of Environmental Economics and Management
42(1):82-103, July 2001.
(3)
"Estimating the Customer-Level Demand for
Electricity Under Real-Time Market Prices," with F.A. Wolak
(.pdf) NBER
Working Paper 8213, National Bureau of Economic Research, Cambridge MA, April,
2001.
(4) "Incentives
for Public Utility Conservation and Pollution Control with Unknown Costs,"
(.pdf)
(5) “Comparing Tests of
the Theory of Exhaustible Resources,” with J.M. Chermak
(.pdf). Final version published in Resource
and Energy Economics 24(4):301-325, November 2002.
(6)
"Optimal Irreversible Discrete Capital
Investments in Natural Resource Production," with J.M. Chermak
(.pdf)
(7) "Measuring
Transfer Prices with Unknown Subcosts" (.pdf)
(8)
"On mitigating market power in restructured
electricity markets," presentation, National Regulatory Research
Institute, Ohio State University, Columbus, OH, April 2001 (.pdf)
(9)
"Reconciling Tests of the Theory of
Exhaustible Resources," with J.M. Chermak (.pdf)
(10) "Illustrating
Capacity Withholding Incentives with Price Caps and Demand Side Bidding in
Restructured Electricity Markets." (.pdf)
(11) "RTP and Demand
Side Bidding in Restructured Electricity Markets," presentation, Energy
Modeling Forum,
(12) "Capacity
Withholding Incentives, Price Caps, and Demand Side Bidding in Restructured
Electricity Markets." (.pdf)
(13) Using Customer Demands Under Spot Market
Prices for Service Design and Analysis, with F.A. Wolak.
(.pdf)
(14)
"Real-Time Pricing and Demand Side
Participation in Restructured Electricity Markets," with F.A. Wolak. (.pdf). Final version
published in A. Faruqui and K. Eakin edited, Electricity Pricing in Transition, Kluwer Academic Publishers, 2002.
(15)
“Economics and Transboundary Aquifers,” with J.M.
Chermak and D. Brookshire. (.pdf). Final version
published in Ground Water 43(5), September 2005.
(16)
“Measuring Pollution Control Costs Under Imperfect Information,” with J.M. Chermak. (.pdf)
(17)
“A Generalized Economic-Hydrologic Model for Efficient Groundwater Production:
The Value of Information,” with J.M. Chermak and J.
Roach. (.pdf)
(18)
“The Theory of Exhaustible Resources:
What are the Econometric Methodologies Testing?” with J.M. Chermak (.pdf)
(19)
“Market Power, Price Volatility, and Market Mechanisms in Water Markets under
Prior Appropriations,” with J.M. Chermak (.pdf)
(20) "Measuring Scarcity in Nonrenewable
Resource Production: New Duality
Results and Implications for Econometric Tests of the Theory,” with J.M. Chermak (.pdf)
(21) “Irreconcilable Differences in Tests of the Theory
of Exhaustible Resources,” with J.M. Chermak (.pdf)
(22) “Dynamic Lifecycle Demand for Medical Care,”
with J.L. Kohn (.pdf)
(23) “Fair Pricing - Ethics
and Dynamic Pricing: Discussion and Comments” (.pdf)