CURRICULUM VITA
Michael J. Vernarelli
133 Esplanade Drive
Rochester, New York 14610
Cell: 585 750-4821
Fax: 585 244-4307
Email: [email protected]
ACADEMIC QUALIFICATIONS
Ph.D. Economics
1978
State University of New York at Binghamton
M.A. Pastoral Studies
2009
St. Bernard’s School of Theology & Ministry
M.A. Economics
1974
State University of New York at Binghamton
B.A. Economics
1970
University of Michigan
AWARDS AND HONORS
Who’s Who in America
Who’s Who in Finance and Industry
Who’s Who in the East
Who’s Who Among Italian Americans
Eisenhart Award for Outstanding Teaching
Visiting Scholar, U.S. Department of Housing and Urban Development
State University of New York Doctoral Dissertation Fellowship
Omicron Delta Epsilon (SUNY Binghamton)
ACADEMIC POSITIONS
Rochester Institute of Technology
1990-Present
1985-90
1980-85
1976-80
1977-78, 1982-83
Professor of Economics, College of Liberal Arts
Associate Professor of Economics, College of Liberal Arts
Assistant Professor of Economics, College of Liberal Arts
Instructor, Economics, College of Liberal Arts
Adjunct Professor, College of Business
U.S. Business School in Prague
1992-97
Visiting Professor of Economics
Courses Taught
Foundational Seminar in Economics*
Current American Macroeconomics Problems*
Urban Economics and Public Policy*
Economics of Human Resources*
Intermediate Macroeconomic Theory*
Monetary Analysis and Policy
Managerial Economics
Principles of Microeconomics
Principles of Economics I
Principles of Economics II
Introduction to Economics
Advanced Macroeconomic Theory (MBA program)
Economic Environment of American Business (MBA program)
Money and Banking (College of Business)
*designed course
ACADEMIC AND PROFESSIONAL ACTIVITIES
Professional Experience
Forensic Economist Rochester Economic Consultants (1983-Present). Duties include
managing a forensic economic consulting firm, performing appraisals of loss of lifetime
earnings and economic value in cases of wrongful death, personal injury, age
discrimination, and equitable distribution (1,500 cases handled), providing expert
testimony (250 appearances), and analyzing the present value of structured settlements.
Research Economist Division of Housing Assistance Research, U.S. Department
of Housing and Urban Development, Washington, D.C. (1980-1981). Primary
duties included the preparation of four housing research papers involving
evaluation, multi-variate analysis, extensive literature review, and policy analysis.
Other duties included reviewing analytical reports from contractors, providing
consultation on economic issues, and serving as an advisor to the dissertation
grants program.
Economic Consultant Rochester Downtown Development Corporation (1980).
Primary duties included conducting a feasibility study of the proposed $15M
Rochester Transit Mall using the expected effect upon retail sales and downtown
development as criteria, and preparing briefing materials, mini-reports, a major
report, and an executive summary. Activities included visiting six metropolitan
areas to discuss downtown revitalization efforts with local business and
government leaders.
2
Publications and Papers
“Predicting Altruistic Behavior and Assessing Homophily: Evidence from the
Sisterhood” Sociological Science 3, 2016.
“Framing Effects on Bidding Behavior in Experimental First-Price Sealed-Bid
Money Auctions” (with J.S. Skillman) Judgment and Decision Making 11 (4),
391-400. 2016.
“Where Should HUD Locate Assisted Housing? The Evolution of Fair Housing
Policy” in Housing Desegregation and Federal Policy edited by John M. Goering,
University of North Carolina Press, Chapel Hill, 1986.
“Mobility Behavior in a Housing Voucher Program,” accepted for presentation at
the Eastern Economic Association meetings, Washington, D.C., April 1982.
“Fair Housing and Assisted Housing,” Division of Housing Assistance Research,
U.S. Department of Housing and Urban Development, February 1981.
“Integration in the Section 8 New Construction Housing Program,” Division of
Housing Assistance Research, U.S. Department of Housing and Urban
Development, February 1981.
“Black Deconcentration in the Section 8 Existing Housing Program,” Division of
Housing Assistance Research, U.S. Department of Housing and Urban
Development, August 1981.
“Mobility Behavior in the Section 8 Existing Housing Program,” Division of
Housing Assistance Research, U.S. Department of Housing and Urban
Development, August 1981.
The Report of the SUNY Commission on Purposes and Priorities, Vol. I, II, III,
(acknowledged contributor) Albany, NY, September 1975, November 1975, June
1976.
“Locational Distortion,” presented at the Eastern Economic Association meetings,
Albany, NY, October 1974.
Book Reviews
Databook on Nonfatal Injury: Incidence, Costs and Consequences by Ted. R.
Miller, Nancy M. Pindrus, John B. Douglas and Shelli B. Rosman in Journal of
Forensic Economics 10(3), 1997.
3
Assessing Family Loss in Wrongful Death Litigation: The Special Roles of Lost
Services and Personal Consumption edited by Thomas R. Ireland and Thomas O.
Depperschmidt in Journal of Forensic Economics 13 (2), 2000.
The Role of the Academic Economist in Litigation Support edited by Daniel J.
Slottje in Journal of Forensic Economics 15(1), 2002.
Contemporary Studies in Economic and Financial Analysis, Volume 27:
Developments in Litigation Economics edited by Patrick A. Gaughan and Robert
J. Thornton in Journal of Forensic Economics 18 (2,3) 2005.
The Plaintiff and Defense Attorney’s Guide to Understanding Economic Damages
edited by Michael L. Brookshire, Frank Slesnick, and John O. Ward in Journal of
Forensic Economics 20 (3) 2007.
Professional Presentations
“Framing Effects on Bidding Behavior in Experimental First-Price Sealed-Bid
Money Auctions,” Fairfield University Economics Department, March 2015.
“Economic Valuations of Life: The Price is Right?” 12th Annual World
Philosophy Day Celebration, St. John Fisher College, November 2014.
Discussant, “How to Use the Ordered Probit Model for Next Generation
Educational Attainment for a Minor Child,” Eastern Economic Association
meetings, Boston, MA, March 2014.
“A Whirlwind Tour of Forensic Economics,” Monroe Community College
Honors Program, November 2012.
“A Whirlwind Tour of Forensic Economics,” St. John Fisher Economics Club,
November 2011.
Faculty Presenter, “Proving Damages at Trial,” New York State Academy of Trial
Lawyers Continuing Legal Education, Rochester, NY, July 2009.
Faculty Presenter, “How to Try Damages,” New York State Bar Association
Continuing Legal Education, Rochester, NY, December 2002.
“The Official ‘Getting Started’ Program for Budding Forensic Economic
Consultants (with apologies to Yogi Berra),” Eastern Economic Association
meetings, Boston, MA, March 2002.
4
Discussant, “Do Terminated Employees Catch Up? Evidence From the Displaced
Worker Survey,” Allied Social Science Association meetings, Atlanta, Georgia,
January 2002.
Faculty Presenter, “Proving and Defending Damages,” New York State Bar
Association Continuing Legal Education, Rochester, NY, June 1999.
Panel Member, “Business and Ethical Issues in Starting and Running a Successful
Forensics Economics Practice: A Panel Discussion,” Eastern Economic
Association meetings, Boston, MA, March 1999.
Guest Speaker, “Keeping Pace: A Guide for the Up to Date Litigator,” New York
State Bar Association Continuing Legal Education, Rochester NY, May 1998.
“What the Heck is Forensic Economics?” Nazareth College Economics Club,
February 1998.
Discussant, “Another Perspective of the (i-g) Differential When Discounting
Future Earnings,” Allied Social Science Association meetings, New Orleans, LA,
January 1997.
“The U.S. Business School in Prague: An Innovative Approach to MBA
Education,” with Vaclav Prosser at the Seventh Annual Conference of Alliance of
Universities for Democracy, Prague, Czech Republic, November 1996.
Guest speaker, “The Evidence Institute,” Monroe County Bar Association,
Rochester, NY, June 1996.
Discussant, “Making Operational the Concept of ‘Maintenance Consumption’,”
Allied Social Science Association Annual meetings, San Francisco, CA, January
1996.
Guest speaker, “Keeping Pace: A Guide for the Up-To-Date Litigator,” New
York State Bar Association, Rochester, NY, May 1995.
Discussant, “Life Expectancies for People with Medical Risks,” Eastern
Economic Association meetings, Washington, D.C., March 1993.
Panelist, “The Judicial Creation of Marital Assets: The Enhanced Earnings as a
Marital Asset,” American Academy of Matrimonial Lawyers, New York Chapter,
Fall Meeting and Seminar, Rochester, NY, October 1991.
“What is Forensic Economics?” presentation given to Nazareth College
Economics Club, November 1990.
5
Invited Participant, mock trial demonstration sponsored by Rochester Claims
Association, November 1989.
Invited Participant, mock trial demonstration sponsored by Monroe County Bar
Association and National Institute for Trial Advocacy, Rochester, NY, June 1989.
“Valuing Pensions,” presentation given to the Rochester Area Council of Family
Mediators, December 1988.
Guest Lecturer, “The Consumer in a Market Economy” and “Measuring the
Economy,” Rochester Consortium for Distance Education video-conference series
Economics for Educators, April-May 1988.
“The Role of the Economist in Determining Damages in Personal Injury and
Wrongful Death Cases,” seminar given to attorneys at the Syracuse Hilton Inn,
September 1987.
“Reaganomics: An Evaluation and a Prognosis,” presentation given at the
Western New York Nursing Home Administrators Workshop, Rochester, NY,
October 1982.
Discussant, “Brain Drain or Brain Gain? The Effect of Local Expenditures,”
Eastern Economic Association meetings, Washington, D.C., April 1978.
Discussant, “Women’s Career Choice, ”Eastern Economic Association meetings,
Hartford, CT, April 1977.
Other Professional and Community Activities
External Reviewer, Department of Social Science, Worcester Polytechnic
University, March, 2013
Judge, “Fed High School Challenge,” sponsored by Buffalo Federal
Reserve Bank 2010-13
Member, Honors Committee, Hobart and William Smith Colleges 2002-03
Reviewer, Litigation Economics Review
Panel Member, Business Trends Committee, Greater Rochester Metropolitan
Area Chamber of Commerce 1987-2002
Reviewer, The American Economy in Perspective by Lloyd G. Reynolds 1983, 1985
Vice Chair, Planning Board, Town of Brighton 1991-98
6
Member, Board of Architectural Review, Town of Brighton 1990-91
Guest Lecturer on economic topics, Irondequoit High School, Allen’s Creek
School, Council Rock Elementary School, French Road School, 1988, 1991, 1992
Memberships in American Economic Association and National Association of
Forensic Economics
SERVICE CONTRIBUTIONS TO THE INSTITUTE
Chair, Economics Department (1987-2014). Responsibilities include carrying out
recruitment activities, monitoring program curriculum, supervising co-op and
placement activities, advising all Economics students, administering the program
budget, acting as liaison to Development and Communications Offices, assisting
in certification of graduates, and maintaining alumni relations. Major
accomplishments include doubling enrollment in the program while increasing
quality of the student body, instituting research assistantships, and establishing the
Economics Club guest speaker program.
Service on Institute Committees
Chair, University Tenure Committee 2010-11
Facilitator, Department Chair Peer Mentoring 2012-13
Member, Faculty Search, Selection and Recruitment Procedures Task Force 2013-14
Service on College of Liberal Arts Committees
Chair, Economics Academic Committee 1981-87
Chair, Promotions Committee 2000-01
Chair, Academic Conduct Committee 1982-84, 1978-79
Chair, Tenure Committee 1985-86, 1998-99, 2010-11
Chair, B.S. in Economics Degree Task Force 1983-84
Chair, Ad Hoc Committee on Credit/Contact Hours 1994-95
Chair, Gosnell Chair Search Committee 1999-2000
Chair, Economics Department Search Committee, 1999-00, 2000-01, 2002-03,
2003-04,2004-05, 2005-06
Co-Chair, Ad Hoc Policy on Public Policy Committee, 2011-12
Member, Tenure Committee, 1984-85, 2009-10, 2014-15
Member, Ad Hoc Non-Tenure Track Governance Committee 2016
Member, General Education Curriculum Steering Committee 2002-04
Member, Agenda Committee 2001-04
Member, Economics Department Search Committee, 2008-09
7
Member, Public Policy Search Committee 2002-03
Member, Policy and Procedures Committee 2011-14
Member, Public Policy Chair Search Committee 2000-02
Member, Task Force on Teaching 1990-91
Member, Task Force on Reorganization 1988-89
Member, Dean’s Search Committee 1986-87
Member, Promotions Advisory Committee 1981-82, 1987-88
Member, Curriculum Committee 1978-80
Member, Graduate Committee 1983-85
Member, Computer Users Committee 1979-80
Member, Long Range Planning Committee 1976-77
Other Contributions to the Institute
Presenter, “Predicting Altruistic Behavior and Assessing Homophily: Evidence
from the Sisterhood,” Department of Psychology Graduate Research Seminar,
September 2016
Guest Speaker, “Evolution and Altruism: Evidence from the Sisterhood,” Delta
Phi Epsilon sorority PEARL, April, 2016
Student Conduct Advocate 2014-present
Guest Speaker, “An Introduction to Behavioral Economics,” Delta Phi Epsilon
sorority PEARL, April, 2014
Exhibitor, “Free Money” (Department of Economics Exhibit) ImagineRIT
2010-14
Presenter, “The Influence of the Pseudo-Endowment Effect upon Strategic
Behavior in an Experimental First-Price Sealed-Bid Money Auction,” Department
of Psychology Graduate Research Seminar, November 2013
Guest Speaker, “The Fiscal Cliff and Other Economic Nightmares,” Women in
Business Club, February, 2013
Guest Speaker, “The Fiscal Cliff and Other Economic Nightmares,” Delta Phi
Epsilon sorority PEARL, January, 2013
Moderator, “The Financial Crisis and the Proposed Bailout: What Does It Mean
to You?” Panel discussion sponsored by Department of Economics 2008
Presenter, “History Roundtable on A Classic Revisited: Reflections on the 60th
Anniversary of Friedrich A. Hayek’s The Road to Serfdom” sponsored by the
College of Liberal Arts History Department 2004
8
Panel Member, “The Global Recession,” sponsored by the RIT Economics Club
2002
Moderator, “Issues in the Russian Economy,” Panel discussion of visiting Russian
Economists sponsored by Department of Economics and RIT Economics Club
2001
Panel Member, “Economics and Crime,” sponsored by RIT Economic Education
Center 1998
Speaker, “RIT Economics Alumni: Where Have They Gone?” sponsored by RIT
Economics Education Center 1998
Speaker, “The Economic and Political Context for Economic Transformation in
Russia,” presented to visiting Russian Junior Achievement students and advisors,
7th Floor Boardroom 1998
Speaker, “Keynes Versus the Monetarists: Economic Policy Mud Wrestling,”
sponsored by RIT Economic Education Center 1997
Respondent to Keynote Speaker, Gosnell Economics Conference 1995, 1996, 1997
Panel Member, Roundtable Discussion on Eastern Europe sponsored by the Kern
Professor in Communication 1997
Speaker, “Economists and the Worlds in Which They Live and Work,” sponsored
by RIT Economic Education Center 1996
Faculty Advisor, Omicron Delta Epsilon 1985-2007
Faculty Advisor, Economics Club 1986-2001
Faculty Advisor, Tau Kappa Epsilon 1977-81
Faculty Advisor, Delta Phi Epsilon 2012-present
Member, Greek Advisory Board 1978-80
TLSO Advisor 1987-89, 1991-92
Speaker, Admissions Office Conference for Guidance Counselors,
“Liberal Arts at RIT,” 1989
Panel Member, “CREF and the Stock Market Drop” sponsored by Personnel,
1987
9
Sponsor, Urban Lecture Series in the Dorms, “The State of the City: Its Problems
and Prospects; (supported by a Complementary Education Grant) 1980
Speaker, Homecoming mini-course, “Inflation Its Past, Present and Future,”
1982
Speaker, Liberal Arts Faculty Colloquium, “Where Should HUD Locate Assisted
Housing,” 1981
Panel Member, NTID Workshop on Mainstreaming, 1982, 1983, 1985
Judge, “Mr. RIT” 2008, 2011, 2013, 2015
Master of Ceremonies, Fall-Out (student carnival) 1978, 1979
Master of Ceremonies, RIT Holiday Show 1978
10