Professor

  Department of Economics
  114 Rouss Hall
  University of Virginia
  Charlottesville, VA
  P.O. Box 400182
  22904-4182

  434.924.3061 voice
  434.982.2904 fax
  mills@virginia.edu

 

CURRICULUM VITAE

(Adobe Acrobat version)

 

EDUCATION

Georgia Institute of Technology, B.I.E. (Highest Honors) 1970

Stanford University, M.S. 1972, M.A. 1974, Ph.D. 1975

 

HONORS

Membership in Tau Beta Pi, Phi Kappa Phi, Phi Eta Sigma and Alpha Pi Mu undergraduate honor societies.

Monsanto Corporation undergraduate scholarship, 1966-1968.

National Science Foundation Trainee, 1970-1973.

Sesquicentennial Associate, Center for Advanced Studies, University of Virginia, 1982-1983, 1988-1989, 1994-1995, 2000-2001.

 

EMPLOYMENT

Cooperative student employee, Hercules Inc., Hattiesburg, MS, 1966-1969.

Statistician, General Secretary's Office, Stanford University, Palo Alto, CA, 1971.

Research Assistant, Department of Engineering-Economic Systems, Stanford University, Palo Alto, CA, 1973-1974.

Basic Officers Course: Ordnance, U.S. Army, Aberdeen MD, 1975.

Assistant Professor to Professor of Economics, University of Virginia, Charlottesville, VA, 1975-

Visiting Associate Professor of Economics, Vanderbilt University, Nashville, TN, 1983.

Visiting Professor, BETA, Université Louis Pasteur, Strasbourg, France, 1989, 1992.

 

RESEARCH GRANTS

Wilson Gee Institute, University of Virginia

1977: Economic Aspects of Transferable Development Rights

1978: Stockpiles, Price Variability and Welfare

U.S. Department of Housing and Urban Development

1979-1980: Speculation and Urban Residential Development

Earhart Foundation

1981: Competitive Industry Structure with Output Fluctuations

1986: Investment in Predation: Theory and Evidence

U.S. Small Business Administration

1982: Fluctuations and Industry Structure

1983: Fluctuations, Firm Size and Employment

Bankard Fund for Political Economy

1990: Markets, Incentives, and International Competition (through the Thomas Jefferson Center for Studies in Political Economy)

1994: Entry and the Erosion of Market Dominance (with Kenneth G. Elzinga)

 

CURRENT RESEARCH INTERESTS

Antitrust Policy

Intraindustry Firm Differences

Price Wars

Private Labels

Technological Competition

Vertical Structure and Prices

 

CURRENT TEACHING INTERESTS

Industrial Organization and Public Policy (graduate and undergraduate)

Microeconomic Theory (graduate and undergraduate)

 

ARTICLES IN REFEREED JOURNALS

"Competition and the Residential Land Allocation Process," The Quarterly Journal of Economics 92 (1978) 227-244.

"Cartel Problems: Comment," (with Kenneth G. Elzinga) The American Economic Review 68 (1978) 938-941.

"Interdependencies and the Urban Land Market," The Journal of Urban Economics 6 (1979) 1-11.

"Segregation, Rationing and Zoning," The Southern Economic Journal 45 (1979) 1195-1207.

"Transferable Development Rights Markets," The Journal of Urban Economics 7 (1980) 63-74.

"Market Power and Land Development Timing," Land Economics 56 (1980) 10-20.

"The Non-Neutrality of Land Value Taxation," National Tax Journal 34 (1981) 125-130.  Reprinted in Income Distribution, Michael Sattinger, ed., 1996, Elgar Reference Collection, International Library of Critical Writings in Economics.

"Ownership Arrangements and Congestion-Prone Facilities," The American Economic Review 71 (1981) 493-502.

"Urban Residential Development Timing," Regional Science and Urban Economics 11 (1981) 239-254.

"Growth, Speculation and Sprawl in a Monocentric City," The Journal of Urban Economics 10 (1981) 201-226.

"Reply to Tideman," National Tax Journal 35 (1982) 115.

"Real Estate Speculation and Antispeculation Taxes," Growth and Change 14 (1983) 12-22.

"Resource Allocation and Welfare with Risky Production," The Southern Economic Journal 50 (1983) 551-559.

"Demand Fluctuations and Endogenous Firm Flexibility," The Journal of Industrial Economics 33 (1984) 55-72.

"Indivisibilities and Land Development Timing: The Shopping Center Problem," Regional Science and Urban Economics 15 (1985) 23-40.

"Industry Structure with Fluctuating Demand," (with Laurence Schumann), American Economic Review 75 (1985) 758-767. Reprinted in Small Firms and Economic Growth, Zoltan J. Acs, ed., 1996, Elgar Reference Collection, International Library of Critical Writings, vol 61.

"Flexibility and Firm Diversity," The International Journal of Industrial Organization 4 (1986) 202-215.

"Preemptive Investment Timing," The Rand Journal of Economics, 19 (1988) 114-122.

"Testing for Predation: Is Recoupment Feasible?", (with Kenneth G. Elzinga) The Antitrust Bulletin 34 (1989) 869-893.

"Is Zoning a Negative Sum Game?", Land Economics 65 (1989) 1-12.

"Zoning Rights and Land Development Timing", Land Economics 66 (1990) 283-293.

"Capacity Expansion and the Size of Plants", The Rand Journal of Economics, 21 (1990) 555-566.

"Untimely Entry," The Journal of Industrial Economics 39 (1991) 659-670.

"Trumping the Areeda-Turner Test: The Recoupment Standard in Brooke Group," (with Kenneth G. Elzinga), Antitrust Law Journal 62 (1994) 559-584.

"The Supreme Court's Predation Odyssey: From Fruit Pies to Cigarettes," (with Donald J. Boudreaux and Kenneth G. Elzinga), Supreme Court Economic Review 4 (1995) 57-93.

"Why Retailers Sell Private Labels," Journal of Economics and Management Strategy 4 (1995) 509-528.

"It Pays to be Different: Endogenous Heterogeneity of Firms in an Oligopoly," (with William Smith), International Journal of Industrial Organization 14 (1996) 317-329.

"Innovation and Entry in the U.S. Disposable Diaper Industry," (with Kenneth G. Elzinga), Industrial and Corporate Change 5 (1996) 1-22.

"Is Predation Rational? An Answer to Adams, Brock and Obst," (with Kenneth G. Elzinga), Review of Industrial Organization 11 (1996) 759-764.

"The Distribution and Pricing of Prescription Drugs," (with Kenneth G. Elzinga), International Journal of the Economics of Business 4 (1997) 287-299.

"Switching costs in Wholesale Cigarette Distribution," (with Kenneth G. Elzinga), Southern Economic Journal 65 (1998) 282-293.

"Price Wars Triggered by Entry," (with Kenneth G. Elzinga), International Journal of Industrial Organization 17 (1999) 179-198.

"Private Labels and Manufacturer Counterstrategies," European Review of Agricultural Economics 26 (1999) 125-145.

 "PC Software," (with Kenneth G. Elzinga), The Antitrust Bulletin XLIV (1999) 739-786.

"Predatory Pricing and Strategic Theory," (with Kenneth G. Elzinga), Georgetown Law Journal 89 (2001) 2475-2494.

"Independent Service Organizations and Economic Efficiency," (with Kenneth G. Elzinga),  Economic Inquiry 39 (2001) 549-560.

 

OTHER PUBLICATIONS

"The Timing of Urban Residential Land Development," Research in Urban Economics 3 (1983) 37-57, J. V. Henderson, ed.

Review of The Spirit of Democratic Capitalism, M. Novak, in The Southern Economic Journal 49 (1983) 1202-1203.

"The Price of Zoning," ORER Letter, Summer 1991, 1-4.

"Land Value Taxation," a review of Land Value Taxation: the Equitable and Efficient Source of Public Finance, K.C. Wenzer, ed., Regional Science and Urban Economics 31 (2001) 765-770.

 

WORKING PAPERS AND FORTHCOMING PUBLICATIONS

"The Distribution and Pricing of Prescription Drugs," (with Kenneth G.; Elzinga), forthcoming in The Antitrust Revolution: the Role of Economics, John E. Kwoka, Jr. and Lawrence J. White, eds., forthcoming 2002.

"Software Industry Structure," (with Kenneth G. Elzinga and David S. Evans), 1999.

 

CONFERENCE PAPERS, LECTURES, ETC.

"Competition and Land Use Controls in the Urban Residential Sector," Econometric Society meetings, San Francisco, 1974.

"Intertemporal Patterns of Land Development and Market Power," Southern Economic Association meetings, New Orleans, 1977.

"Market Power and Land Development Timing," Workshop in Analytical Urban Economics, Queen's University, Kingston, Canada, 1978.

"An Economist's Perspective on Agricultural Land Preservation," Joint (Virginia) Legislative Committee on Agricultural Land Preservation, Washington and Lee University, 1980.

"Competitive Industry Structure with Demand Fluctuations," American Economic Association meetings, Washington, 1981.

"The Timing of Urban Residential Land Development," Semi-annual meetings of the Committee on Urban and Public Economics, New York University, 1981.

"Demand Fluctuations and Endogenous Firm Flexibility," Microeconomics Workshop, Vanderbilt University, 1983.

"Indivisibilities and Land Development Timing: The Shopping Center Problem," American Economic Association meetings, San Francisco, 1983.

Invited panelist, "Evangelicals, Social Concerns, and Economics", Liberty Fund Conference, Tucson, AZ, 1985.

"Industry Structure with Fluctuating Demand," European Association for Research in Industrial Economics meetings, Cambridge, England, 1985.

"The Economics of Sign Controls", Visual Pollution and Sign Control Conference, Southern Environmental Law Center, University of Virginia, 1986.

"Testing for Predation: Is Recoupment Feasible?" Southern Economic Association meetings, New Orleans, 1986; Economic and Legal Organization Workshop, University of Chicago, 1987; Workshop, Bureau of Economics, Federal Trade Commission, 1987; Workshop, Antitrust Division of the U.S. Department of Justice, 1988.

"Is Zoning a Negative Sum Game?" annual conference of the Committee for Taxation, Resources and Economic Development, Lincoln Institute of Land Policy, Cambridge, MA, 1987.

"Costs vs. Capacity", Microeconomics workshop, Michigan State University, 1989; economic theory workshop, Université Louis Pasteur, Strasbourg, France, 1989.

"Lectures on Flexibility", Université Louis Pasteur, Strasbourg, France, 1989.

"Zoning Rights and Land Development Timing", annual conference of the Committee for Taxation, Resources and Economic Development, Lincoln Institute of Land Policy, Cambridge, MA, 1989.

Organized and chaired "Industry Structure Dynamics," an invited session at The Southern Economics Association meetings, New Orleans, 1990.

"Price Wars in Oligopolies: The Generic Cigarette Price War," Workshop, Antitrust Division of the U.S. Department of Justice, 1991, Microeconomics Workshop, University of Kentucky, 1992.

"Lectures on Vertical Structures," Université Louis Pasteur, Strasbourg, France, 1992.

"Private Labels and Countervailing Power in Retail Distribution," Workshop, The Bureau of Economics, Federal Trade Commission, 1993.

"Price Wars Triggered by Entry," Economics workshop, Georgia Institute of Technology, 1994.

"Why Retailers Sell Private Labels," Association of Financial Economists annual meetings, Washington, 1995.

"Independent Service Organizations and Economic Efficiency," Southern Economic Association annual meetings, Atlanta, 1997.

"Private Labels and Manufacturer Counterstrategies," INRA-IDEI Conference on Industrial Organization and the Food Processing Industry, Toulouse, France, 1998

"The Economics of Distribution," Advanced American Law Institute-American Bar Association Course of Study in Product Distribution and Marketing, Orlando, 1999.

"Software Industry Structure," Southern Economic Association annual meetings, New Orleans, 1999.

"Predatory Pricing and Strategic Theory," Workshop, Department of Economics, Baylor University, Waco, TX, 2000.

 

REFEREE

National Science Foundation, various university and commercial presses, and leading economics journals, including American Economic Review, Canadian Journal of Economics, Economic Journal, Economica, International Journal of Industrial Organization, Journal of Economic Literature, Journal of Industrial Economics, Journal of Law and Economics, Journal of Political Economy, Journal of Urban Economics, Quarterly Journal of Economics, Review of Economics and Statistics, and Southern Economic Journal.

 

UNIVERSITY AND DEPARTMENTAL SERVICE

Assistant Department Chairman, 1977-1982.

Director of Graduate Studies, 1983-1985.

Director of the Microeconomics Workshop, 1983-1985.

Director of Undergraduate Studies, 1998-2000

Chairman, 2001-

Departmental Committees: Graduate Program (chair), Undergraduate Program (chair), Ad-Hoc Advisory, Awards and Prizes (chair), Faculty Recruiting (chair), Chairman's Advisory, Facilities (chair), Friday Seminar Coordinator, Undergraduate Student Assessment Coordinator, Rouss Hall Renovation Project Committee.

University Committees: Faculty of Arts and Sciences Curriculum and Educational Policy, Student Housing, Special Scholars Advisor, University Self-Study Committee on the Faculty, Faculty of Arts and Sciences Committee on Student Affairs, University Summer Grants Committee, Faculty of Arts & Sciences' Advisory Committee, Faculty of Arts and Sciences Committee on Computing, Arts & Sciences Council Faculty Advisor.

Supervised or served on numerous Doctoral Dissertation and Masters Thesis committees; supervised numerous undergraduate theses.

 

CONSULTING

Antitrust consulting for Microsoft, Monsanto, Peabody Coal, Philip Morris, Procter & Gamble, SmithKline Beecham, and Xerox, among others.