Jannett Highfill

Professor

Baker Hall 210
(309) 677-2304
highfill@bradley.edu

M.F.A., Poetry, Warren Wilson College
Ph.D., Economics, University of Kansas
M.A., Economics, University of Kansas
B.B.A., Economics, Wichita State University

Professional Experience

Editor, Global Economy Journal
President, Missouri Valley Economics Association

Learning and Teaching, Discovery and Communication—the essential Work of the University—I would argue depends on the art of the productive question. Whether, for example, economic growth is a social goal is an important but not particularly productive question.   The answer is self-evident: economics growth is certainly a societal goal with the understanding that it must be seen in context of other societal goals.  On the other hand, the question of whether the government is doing enough to foster economic growth is equally unproductive, for different reasons.  It’s too broad for one thing, and it lends itself to a quick response depending on one’s political predilections.  Some people think the government is always trying to do too much, others too little.  A productive question suggests a fruitful path for exploration:  where to begin one’s reading, what theoretical approach is useful, what sort of data might be brought to bear.  For example, my colleagues Rick Gretz, Robert Scott, and I have recently considered the question of what the optimal subsidy rates for private sector research and development are under various industry structures.  Some of our answers can be found in my Selected Work below.  Answers are partial and limited, and lead to more questions, hopefully better ones.

Teaching

I have taught many classes at Bradley University, from the very technical, Mathematical Economics, to the literary, Economics in Literature.  My primary interest is, however, in Global Economics.  I am also devoted to Principles of Macroeconomics, perhaps the most challenging course I teach.

Courses Currently Teaching

  • ECO 391 International Trade
  • ECO 418 Mathematical Economics
  • ECO 498 Senior Seminar Economics I
  • ECO 499 Senior Seminar Economics II
  • I B 391 International Trade

Scholarship

My original field is applied optimal control theory as applied to economic problems, particularly, the optimal paths of firm-level research and development, and municipal recycling.  Other research interests at present include intra-industry R&D subsidy games, optimal quality issues in general, empirical investigations of eBay auction outcomes, and the pedagogy of exchange rates, asset markets, and related questions.

Current Research

Published Intellectual Contributions

Refereed Journal Articles

  • Highfill, J. K., McAsey, M. (2010). Firm Metrics with Continuous R&D, Quality Improvement, and Cournot Quantities. International Advances in Economic Research, 16(3), 243-256. www.springerlink.com/content/112112/
  • Highfill, J. K., Wojcikewych, R. Exchange Rate Offer Curves: Two Examples from the Headlines. To appear in Journal of Economics and Economic Education Research.
  • Highfill, J. K., McAsey, M. (2010). Dynamic Product Reliability Management for a Firm with a Complacent Competitor vs. a Lockstep Competitor. The Journal of Economics, 36(1), 29-54. www.cba.uni.edu/economics/joe.htm
  • Gretz, R. T., Highfill, J. K., Scott, R. R&D Subsidy Games:  A Cost Sharing Approach vs. Reward for Performance. To appear in Journal of Technology Transfer.
  • Gretz, R. T., Highfill, J. K. (2010). Recession, R&D Spending, and the Current Account: Bad News, Bad News, and a Little Encouragement. Global Economy Journal, 10(1), Article 7.. http://www.bepress.com/gej/
  • Highfill, J. K., McAsey, M. (2009). Buying Gasoline for Hybrid Cars:  Evidence from Daily Gasoline Prices. National Social Science Journal, 33(1), 44-48.
  • Highfill, J. K., O'Brien, K. M. (2009). The Effect of Alternative e-Prices on eBay Book Auctions. Atlantic Economic Journal, 37, 383-395.
  • Highfill, J. K., O'Brien, K. M. (2009). The Determinants of Sales on eBay: The Case of Baseball Cards. Applied Economics Letters, 16(14), 1421-1424.

 Conference Proceedings

  • Highfill, J. K. (2009). Investment Art on Ebay:  High-End Anomalies (2nd ed., vol. 41, pp. 94-103). National Social Science Proceedings.
  • Gretz, R. T., Highfill, J. K., Scott, R. (2009). The Design of Private Sector R&D Subsidies in Intra-Industry Trade Models:  Subsidizing Inputs or Outputs. International Trade and Finance Association Conference Papers. services.bepress.com/itfa/19th/art7/

Presentations Given

  • Gretz, R. T., Highfill, J. K., International Trade and Finance Association Meetings, "International R&D Subsidy Games and Current Account Balances," International Trade and Finance Association, Las Vegas, NV. (May 2010).
  • Highfill, J. K., Wojcikewych, R., Regionalism & Globalism, "Currency Offer Curves: Going Beyond Supply and Demand Graphs in Teaching Exchange Rates," Academy of International Business UKI, Dublin Ireland. (April 2010).
  • Highfill, J. K., O'Brien, K. M., Gretz, R. T., International Atlantic Economic Conference, "The Election Prediction Market Effect On EBay Outcomes: Obama and McCain Memorabilia," International Atlantic Economic Society, Prague. (March 2010).
  • Gretz, R. T., Highfill, J. K., Center for Business and Economic Research, "Killer Applications and Network Effects:  The Case of the U.S. Home Video Game Industry," Bradley University, Peoria, IL. (February 2010).
  • Highfill, J. K., Allied Social Sciences Association, "Recession, R&D Spending, and The Current Account: Bad News, Bad News, and a Little Encouragement," International Trade and Finance Association, Atlanta, GA. (January 2010).
  • Gretz, R. T., Highfill, J. K., American Economics Association, "Killer Applications and Network Effects:  The Case of the U.S. Home Video Game Industry," American Economics Association, Atlanta, GA. (January 2010).
  • Highfill, J. K., McAsey, M., International Atlantic Economic Society, "Firm Metrics with Continuous R&D, Quality Improvement, and Cournot Quantities," Boston, MA. (October 2009).
  • Gretz, R. T., Highfill, J. K., International Atlantic Economic Society, "Killer Applications and Network Effects:  The Case of the U.S. Home Video Game Industry," International Atlantic Economic Society, Boston, MA. (October 2009).
  • Highfill, J. K., Wojcikewych, R., Missouri Valley Economics Association, "Going Beyond Supply and Demand Graphs in Teaching Exchange Rates," Kansas City MO. (October 2009).
  • Gretz, R. T., Highfill, J. K., Missouri Valley Economics Association, "Killer Applications and Network Effects:  The Case of the U.S. Home Video Game Industry," Missouri Valley Economics Association, Kansas City, MO. (October 2009).
  • Highfill, J. K., O'Brien, K. M., Missouri Valley Economics Association, "The Determinants of eBay Auction Outcomes: The Case of 2008 Presidential Campaign Items," Kansas City, MO. (October 2009).
  • Gretz, R. T., Highfill, J. K., Scott, R., Missouri Valley Economics Association, "The Relationship of Price and Quality to Market Characteristics in Monopoly with Normally Distributed Reservation Prices," Missouri Valley Economics Association, Kansas City, MO. (October 2009).

Selected Older Work