Areas of Expertise
Paul Mason was named as the Richard de Raismes Kip Professor of Economics in 2009. He was department chair from 2002-2011 and acting dean from December 11, 2014 to June 12, 2015. Dr. Mason serves as a consultant with municipalities and corporations in the areas of macroeconomics and statistics and as an expert witness in litigation involving economic damages.
Ph.D. Economics University of Texas at Austin May, 1984
M.A. Economics University of Delaware May, 1980
B.A. Math/Economics University of Delaware Dec., 1976
Mathematics Villanova University Sept. 1973 – May 1975
Dr. Paul M. Mason is the Richard de Raismes Kip Professor of Economics in the Department of Economics and Geography at the University of North Florida. As of December 2014 he became the Acting Dean of the Coggin College of Business. Dr. Mason completed his Ph.D. in Economics at the University of Texas in 1984 while teaching economics at Southwest Texas State University for four years; and he taught finance at Clemson University for one year before he began his employment at the University of North Florida in 1985. Dr. Mason progressed through the academic ranks and became a full professor in 1994 and an endowed professor in 2009. Dr. Mason became chairman of the Department of Economics and Geography in May 2002 and continued in that capacity until June 2011.
Dr. Mason is a coauthor of the book The Economic Consequences of State Lotteries, and over 40 articles regarding numerous topics in economics including lotteries, casino gaming, banking structure, economics education, the economics profession, gasoline pricing, and publication delays. Dr. Mason is the faculty director of the LEIP (Local Economic Indicator Project) program that provides a local CPI, index of leading indicators, stock price index, and seasonality adjustments to local unemployment rates. Dr. Mason is also very active in the community in consulting involving statistics, economics, and as an expert witness in litigation involving economic damages.
Dr. Mason’s wife Julie is an upper school math teacher at Bolles, and he has three children, a daughter who is a May 2002 graduate of UNF with a master’s degree in Athletic Administration from Northcentral University, a son who is a 2004 graduate of UNF and a 2009 Ph.D. recipient in computer science from Johns Hopkins University, and another son who is a 2010 graduate of the University of Richmond and who completed a master’s degree in Commercialization, Technology, and Entrepreneurship at RPI in 2014. Dr. Mason’s civic activities have included memberships on local boards including the DuPont YMCA, the North Corridor Citizen’s Task Force on Public Transportation, the Convention Center Task Force, the JCCI Study on Recession, Recovery, and Beyond and the River City Softball Association.
Participant, by invitation, in Graduate Student Seminar on Futures Markets sponsored by Chicago Board of Trade (10/81)
Southwestern Economic Association Graduate Student Paper Award Winner, (4/84).
Participant, in Experimental Economics Seminar sponsored by the Univ. of Arizona (8/89)
Business Affiliates Research Award Winner, University of North Florida, 1989
1990 Undergraduate Teaching Award ($2,000 Cash Award), spring, 1990.
1990 Stonier Graduate School of Banking Fellow, summer 1990
1994 Teaching Incentive Program Award ($5,000 Salary Increase), fall, 1994
1997 College of Business Summer Research Grant ($5,000 Cash Award)
1997 University Sabbatical (full pay for one semester), Fall, 1997
2002 UNF Board of Trustees Grant to Develop Local Economic Indicators ($5,000)
2002 University Career Service Award ($1,000)
2005 Coggin College of Business Lifetime Research Fellow
2009 Richard de Raismes Kip Endowed Professor of Economics ($12,000 per year)
2011 Earle C. Traynham Faculty Award from Beta Gamma Sigma
2011 Prime Osborn Distinguished Business Leader, Distinguished Faculty Award
Dr. Mason is a member of the Western Economic Association and the National Association of Forensic Economists (NAFE)
Grants and Contracts Awarded
Dr. Mason has completed grant work for UNF through the Center for Medical Diplomacy, the UNF Foundation, and several projects through the Center for Economic and GIS Research. He has also performed contract work for the City of Jacksonville, other municipalities, and for local corporations related to economics and statistics.
Publications & Presentations
A. Books and Items within Books
Study Guide to Accompany Principles of Economics, CAT Publishing Company, June, 2003 (with M. Manfred Fabritius).
"Why Poland Avoided the Late Nineties Financial Crises and What the Future Holds" (In English). Reprinted in Bostyn & Boytsun, Eds. Ownership and Privatisation in Poland: Governance Implications of Poland’s Accession to the European Union. Antwerp: Garant, December, 2002, pp. 117-38 (with Alojzy Z. Nowak and Jeffrey Steagall)
"The Relative Elasticity’s of Demand for Lotto and Other Goods with Sumptuary Taxes," in The Business of Gaming: Economic and Management Issues, spring 1998.
"Valuing the Lost Leisure Involved in Household Services in Personal Injury Cases," Abstract in the Journal of Forensic Economics, fall, 1995.
"Cartels in Banking," in The New Palgrave Dictionary of Money and Finance, summer, 1993 (with Michael Fabritius).
"Net State Lottery Tax Revenue," in Gambling and Commercial Gaming: Essays in Business, Economics, Philosophy and Science, spring, 1992 (with Mary Borg and Stephen Shapiro).
"The Savings and Loan Industry," in Magill's Survey of Social Sciences: Economics, 1991 (with Michael Fabritius).
The Economic Consequences of State Lotteries, Praeger, August 1991 (with Mary Borg and Stephen Shapiro)
"A Comparison of Resident versus Non-Resident Incidence of Taxes on Las Vegas Casinos," in the Proceedings of The Seventh Annual International Conference on Gambling, March, 1988
B. Journal Articles
“Capital Mobility, Foreign Aid, Remittance, and Openness: Sub-Sahara African Countries,” (forthcoming in AIMS International Journal of Management (with Yeshanew Belayneh)
“Wage Differentials for Pre-College Teachers to Solve Shortages and Quality Issues,” The Journal of Economics and Economic Education Research Volume 16, No. 1, Spring 2015 (with Michael Fabritius and Christopher Johnson).
“Housing and Non-Housing CPI Components: The National Case Versus a Local Example,”
Journal of Housing Research Volume 23, No. 2, Spring 2015. (with Chung-Ping Loh).
“Does a Business Curriculum Develop or Filter Critical Thinking?” American Journal of Business Education Volume 5, No. 4, July/August 2012. (with B. Jay Coleman, and Jeffrey Steagall)
“The Use of the ETS Major Field Test for Assurance of Business Content Learning: Assurance of Waste?” Journal of Education for Business. January 2011. 86: 71-77. (with Andres Gallo, Michael Fabritius, Jeffrey Steagall and B. Jay Coleman)
“What is Behind the Increase in Oil Prices? Analyzing Oil Consumption and Supply Relationship and Oil Price,” ENERGY – The International Journal., Fall 2010 pp. 4126-4141 (with Andres Gallo, Michael Fabritius, and Stephen Shapiro)
“Voter Bias in the Associated Press College Football Poll,” The Journal of Sports Economics. 8/01/2010. (with B. Jay Coleman, Jeffrey Steagall, and Andres Gallo)).
“Financial depth and economic growth in Latin America and North Africa,” Journal of Business and Behavioral Sciences) (with Mina Baliamoune and Andres Gallo), Fall 2006.
“An Evaluation of the Life Cycles of Education Supporting Lotteries,” Public Finance Review, March 2005, Volume 33, No. 2 (with Jeffrey Steagall, Stephen Shapiro, and Michael Fabritius)
“Recent Developments and Prescribed Future Paths for Polish Banking” The Journal of Interdisciplinary Economics, 2004, Volume 15. (with Alojzy Z. Nowak and Jeffrey Steagall)
“The Changing Quality of Business Education” Economics of Education Review, December 2003 (with Michael Fabritius and Jeffrey Steagall).
"Why Poland Avoided the Late Nineties Financial Crises and What the Future Holds" Journal of Euro-Asian Management, December 2002 (with Jeffrey Steagall and Alojzy Z. Nowak).
“Pochemy Polsha Izbezhala Finansovii Krisis 90 Godov i Chto Dlya Nee v Buduszhem” (In Russian) Filosofija Hozaistva, spring 2002 (with Jeffrey Steagall and Alojzy Z. Nowak)
“A Production and Cost Experiment for Use in the Principles of Microeconomics,” Classroom Experinomics, fall, 2001.
"A Comparative Advantage Experiment for Use in Micro Principles," Classroom Experinomics, fall, 2001.
"Using Student Data to Teach Utility Maximizing Behavior," Classroom Experinomics (with Michael Fabritius), fall 2000.
"Winners and Losers: Who Will Prevail in the Telecom Battles" Small Cap Profiler. Vol. 1, Issue 1, February 2000.
"The Elasticity of Demand for Lotto Tickets and the Corresponding Welfare Effects," Public Finance Review (with Jeffrey Steagall and Michael Fabritius), September, 1997.
"Economic Journal Rankings by Type of School: Perceptions Versus Citations" Quarterly Journal of Business and Economics (with Jeffrey Steagall and Michael Fabritius) fall, 1997.
"The Effects of Casino Gambling on State Tax Revenue," Atlantic Economic Journal (with Harriet Stranahan), December, 1996
"Student Evaluations of Faculty: A New Procedure for Using Aggregate Measures of Performance," Economics of Education Review (with Jeffrey Steagall and Michael Fabritius), fall, 1995.
"Technology in the Classroom: Using PCS to Teach Business and Economic Statistics," in Computers & Education, (with Jeffrey Steagall), spring, 1995.
"Equity and Efficiency of State Lotteries: Review Essay," in the Economics of Education Review, April, 1994.
"The Cross Effects of Lottery Taxes on Alternative State Tax Revenue," Public Finance Quarterly, January, 1993 (with Mary Borg and Stephen Shapiro).
"Publication Delays in Articles in Economics: What to Do About Them," Applied Economics, August, 1992 (with Jeffrey Steagall & Michael Fabritius).
"Solving the Journal Publication Delay Problem in Economics," Academe, January/February, 1992 (with Jeffrey Steagall and Michael Fabritius).
"Differential S&L Profitability Due to Diversification and Capital Risk," Southwest Business Review Fall, 1991 (with Dudley Blair and Michael Fabritius)
"The Incidence of Taxes on Casino Gambling: Exploiting the Tired and Poor," American Journal of Economics and Sociology, July, 1991 (with Mary Borg and Stephen Shapiro).
"Earmarked Lottery Revenues: Positive Windfalls or Concealed Redistribution Mechanisms?" Journal of Education Finance winter 1990 (with Mary Borg).
"An Economic Comparison of Gambling Behavior in Atlantic City and Las Vegas," Public Finance Quarterly, July, 1990 (with Stephen Shapiro and Mary Borg)
"Gambling Tax Incidence for Three Groups of Las Vegas Gamblers," Funded by a TSI SEED Grant, 1987, Applied Economics, September, 1989 (with Stephen Shapiro and Mary Borg).
"Student Effort and Performance in Principles of Economics: Differentiation Based on Ability of Above and Below Average Students," The Journal of Economic Education, summer, 1989 (with Stephen Shapiro and Mary Borg)
"Automatic Teller Machines: Their Impact on Florida Banking Operations," The Southern Banker, May, 1989 (with Timothy Bice)
"The Budgetary Incidence of a Lottery to Support Education," Funded by a TSI SEED Grant, 1986, The National Tax Journal, March, 1988 (with Mary Borg).
"An Estimate of Gasoline Tax Incidence during the OPEC Lull" The Journal of Business and Economic Perspectives, spring, 1988.
"Innovations in University Finance: A Growing Necessity and Intelligent Too! "Research in Higher Education, fall, 1986 (with Anthony Alfano).
"Commercial Bank and S&L Competition: Two Industries or One?" Journal of Business and Economic Perspectives, spring, 1986 (with Susan Loy)
"An Assessment of Tobin's Interpretation of Keynes' Liquidity Preference Theory," The American Economist, fall, 1985.
Master's Thesis accepted for publication by Merger's and Acquisitions 5/80; new ownership policy prevented its appearance.
"Do Linked Oligopolies Exist in the Texas Banking Industry?" (Master's Thesis) SWEA annual meeting (3/81)
"An Assessment of Tobin's Interpretation of Keynes' Liquidity Preference Theory: The Impact on Portfolio Theory," SWEA annual meeting (3/83) cash prize awarded for this paper 4/84.
"Post Deregulation Competition Between Banks and S&Ls: How Strong Is It? SWEA annual meeting, 3/86
"The Changing Default Risk of Savings and Loan Institutions," Eastern Economic Association annual meeting (11/86)
"The Budgetary Incidence of a Lottery to Support Education," Southern Economic Association annual meeting (11/86)
"An Estimate of Gasoline Tax Incidence during the OPEC Lull," Southwestern Society of Economists annual meeting March, 1987
"A Comparison of Resident versus Non-Resident Incidence of Taxes on Las Vegas Casinos," Seventh Annual International Conference on Gambling, Reno, Nevada, August, 1987
"Earmarked Lottery Revenues: Positive Windfalls or Concealed Redistribution Mechanism?" Southern Economic Association (11/87).
"In Search of Diseconomies of Scale and Scope in Large Commercial Banks," Eastern Economic Association meeting (3/88)
"Computer Projects in Macroeconomics," Valencia College Conference, October, 1988.
"Differential S&L Profitability Due to Diversification and Capital Risk," Southern Economic Association meeting (11/89)
"The Fungibility of State Educational Funding: Earmarked and Non Earmarked Lotteries," Southern Economic Association (11/89)
"Portfolio-Specific Bank Profitability and Capital Risk," Atlantic Economic Society (10/90)
"A Comparison of Consumer Expenditures Before and After the Lottery: Where are Lottery Dollars Coming From?" Southern Economic Association (11/90).
"A Note on State Lottery Revenues and the Business Cycle," SEA (11/91).
"An Empirical Assessment of Banks Selling Insurance,"
Southern Economic Association (11/91).
"Student Evaluations of Faculty in Economics: Hard Hurts!,"
Southern Economic Association (11/91).
"Student Rationality in Valuing Classroom Incentives" Southern Economic Association (11/92).
"On the Appropriate Monetary Aggregate for Real Velocity Stability," Southern Economic Association (11/92).
"The Elasticity of Demand for Lotto Tickets and the Corresponding Welfare Effects," Southern Economic Association (11/93).
"Technology in the Classroom: Using PCS to Teach Business and Economic Statistics," Southern Economic Association (11/93).
"The Relative Elasticity’s of Demand for Lotto, and Other Goods with Sumptuary Taxes," Ninth International Conference on Gambling and Risk Taking (6/94)
"The Elasticity’s of Demand and Comparative Welfare Implications for Lotto, Cigarettes and Alcohol," Southern Economic Association (11/94)
"Valuing the Lost Leisure Involved in Household Services in Personal Injury Cases," Southern Economic Association (11/94).
"Privatization of Social Security, Will the Chilean Methodology Work in the United States?," Southern Economic Association (11/96).
"Valuing Unwanted Leisure in Monetary Terms," Southern Economic Association (11/97).
“The Monetary Value of Work without the Influence of Income,” Western Economic Association (6/98)
“Business Cycles in GDP Alternatives: A Classroom Application” Southwestern Economic Association (4/99)
“The Monetary Value of Time Usage for College Students,” Western Economic Association (7/99)
“A Production and Cost Experiment for Use in the Principles of Microeconomics,” American Economic Association (1/00)
"An Economic Assessment of Ticket Generating Games in Video Arcades: Underage Gambling Promotion," 14th National Conference on Problem Gambling (10/00)
“Are Economists Really Contributing to Learning?” Western Economic Association (7/01)
“The Demand and Supply for Education: Explaining and Solving Dumbing-Down,” Western Economic Association (7/02)
“A Comparison of International Unemployment Rates: Differential Values of Leisure Time
International Business and Economic Research Conference (10/02)
“A Theoretical and Empirical Assessment of Changing Quality in Business Education,” Missouri Valley Economic Association Conference (2/04)
“The Insidious, Ever Increasing, Income-Tax Wedge” Federation of Business Disciplines Conference (3/04)
“What Economic Theory has to Contribute to the Improvement of Educational Quality,” Western Economic Association (7/04)
“Can Wage Differentials for Pre-College Teachers Solve Shortages and Quality Issues?” Western Economic Association (7/06)
“Assurance of Learning: Assurance of Waste? Western Economic Association (7/08)
“Does a Business Curriculum Develop or Filter Critical Thinking? Western Economic Association (7/08)
“The Development of Modern Macroeconomic Theory: The Times They Are a Changing”
(with Jeffrey Steagall and Michael Fabritius), Western Economic Association (7/09)
“An Assessment of OECD Income Velocity in the Recent Recessions” (with Michael Fabritius and Andres Gallo), Western Economic Association (6/10)