Frede(Rick) Harris is the John B. McKinnon Professor of Economics and Finance at the Babcock School, Wake Forest University. Previously, he taught at William and Mary, the University of Texas, and the University of Virginia. Dr. Harris specializes in pricing tactics and security market design and has published in the major journals in economics, finance, and operations. His current research focuses on the application of capacity-constrained pricing models to stock specialists and electronic trading systems. Dr. Harris has published 40 articles and is the co-author of Managerial Economics: Applications, Strategy, and Tactics, 11th ed. He earned a B.A. with distinction from Dartmouth College and a Ph.D. from the University of Virginia in 1981.
Ph D, University of Virginia - 1981
BA, Dartmouth College (Economics) - 1971
Research Interests
Capital Markets/Microstructure
Security Market Design
Pricing/Revenue Management
Teaching Interests
Managerial Economics
Applied Game Theory
Revenue Management
Asset Pricing
2008 - Babcock Educator of the Year, Babcock Graduate School of Management
2008 - Professorial Visiting Fellow, Australian School of Business, University of New South Wales
2003 - Outstanding Faculty, Business Week, Guide to the Best Business Schools
2001 - Babcock Educator of the Year, Babcock Graduate School of Management
1998 - Outstanding Faculty, Inc Magazine
1993 - Board of Associate Editors, Journal of Industrial Economics
Harris, F. H.
(2009). Market design and execution cost for matched securities worldwide.
Guide to Global Liquidity/Institutional Investor Inc. and Bloomberg Tradebooks.
Harris, F. H.
(2009). The changing state of the NYSE market: New common factors, players, and impulse responses. Journal of Trading/Institutional Investor Inc., 4 (1), 68-94.
Harris, F. H.
(2008). Share shift, price elasticity, and airport substitution in origin-destination markets with low-cost entrants. International Journal of Revenue Management, 2 (2), 109-122.
Harris, F. H.
(2008). Are third-party equity warrants redundant? Journal of Financial Transformation/Capco Institute, 22, 153-161.
Harris, F. H.
(2008). Managerial Economics: Applications, Strategy, and Tactics.
Thomson/South-Western.
Harris, F. H.
(2008). Corporate governance, disclosure, and minority shareholder expropriation: The saga of daimlerchrysler. Corporate Ownership and Control, 5 (2), 401-414.
Harris, F. H.
(2008). Financial analysts and price discovery. Accounting and Finance/Wiley-Blackwell, 48 (1), 1-24.
Harris, F. H.
(2007). Execution costs and market design worldwide: A panel discussion. Journal of Trading/ Institutional Investor Inc., 2 (4), 9-24.
Harris, F. H.
(2007). Large scale entry deterrrence of a low-cost competitor in city-pair airline markets: An early success of airline revenue management. International Journal of Revenue Management/Inderscience, 1 (1), 5-27.
Harris, F. H.
(2007). Optimal price-cost margins, service quality, and capacity choice in city-pair airline markets: Theory and empirical tests. Journal of Revenue and Pricing Management/Palgrave-Macmillan , 6 (2), 100-117.
Harris, F. H., &
, .
(2007). Liquidity supply in electronic markets. Journal of Financial Markets, 10 (2), 144-169.
Harris, F. H.
(2005). Managerial Economics: Applications, Strategy and Tactics.
Thomson/South-Western.
Harris, F. H., &
Kennedy, C. R., &
Lord, M.
(2004). Integrating Public Policy and Public Affairs into Pharmaceutical Marketing: Pricing Differentials and the AIDS Pandemic. Journal of Public Policy and Marketing, 23 (2), 1-23.
Harris, F. H.
(2004). Price Discovery in the Pits: The Role of Market Makers on SFX and the CBOT. Journal of Futures Markets, 24 (8), 785-804.
Harris, F. H.
(2002). Common Factor Components versus Information Shares: Alternative Approaches to Price Adjustment: A Reply. Journal of Financial Markets, 5 (3), 341-348.
Harris, F. H.
(2002). Security Price Adjustment Across Exchanges: An Investigation of Common Factor Components for Dow Stocks. Journal of Financial Markets, 5 (3), 277-308.
Harris, F. H.
(2002). Managerial Economics: Applications, Strategy and Tactics.
Thomson/South-Western.
Harris, F. H., &
Ding, D., &
Lao, S., &
McInish, T.
(1999). An Investigation of Price Discovery in Informationally-Linked Markets: Equity Trading in Malaysia and Singapore. Journal of Multinational Financial Management, 9 (3), 265-289.
Harris, F. H., &
James, M., &
Charles, M.
(1999). Managerial Economics: Applications, Strategy, and Tactics .
South-Western/International Thomson.
Harris, F. H., &
Pinder, J. P.
(1995). A Revenue Management Approach To Demand Management And Order Booking In Assemble-To-Order Manufacturing. Journal of the Operations Management, 13 (4), 299-309.
Harris, F. H., &
McInish, T., &
Shoesmith, G. L., &
Wood, R.
(1995). Cointegration, Error Correction, and Price Discovery on Three Informationally-Linked Security Markets. Journal of Financial and Quantitative Analysis, 30 (4), 563-579.
Harris, F. H., &
Peacock, P.
(1995). Hold My Place Please! Yield Management: Extending the Concept in Services Marketing. Marketing Management, 4 (2), 34-46.
Harris, F. H., &
Chakravarty, R., &
McInish, T.
(1995). Bids and Asks in Disequilibrium Market Microstructure: The Case of IBM. Journal of Banking and Finance, 19 (2), 323-436.
Harris, F. H.
(1990). Economic Negligence, Moral Hazard, and the Coase Theorem. Southern Economic Journal, 56 (3), 698-705.
Harris, F. H.
(1988). Capital Intensity and the Firm's Cost of Capital. Review of Economics and Statistics, 52 (4), 587-595.
Harris, F. H.
(1988). Testable Competing Hypotheses in Structure-Performance Theory: Efficient Structure or Market Power. Journal of Industrial Economics, 36 (3), 267-280.
Harris, F. H.
(1986). Market Structure and Price-Cost Performance Under Endogenous Profit Risk. Journal of Industrial Economics, 35 (1), 35-59.
Harris, F. H.
(1984). Growth Expectations, Excess Value, and the Risk-Adjusted Returns to Market Power. Southern Economic Journal , 51 (1), 166-179.
Harris, F. H., &
Evans, R., &
, .
(1982). A Bayesian Analysis of Free Rider Metagames. Southern Economic Journal, 49 (1), 137-149.
June 8, 2007 - Well compensated: New rules haven't altered how Triad CEOs are paid, Triad Business Journal
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April 8, 2005 - Triad firms raising pay for directors, Triad Business Journal
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January 14, 2005 - Wake Forest professors' research wins international acclaim, Triad Business Journal
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July 22, 2004 - Ejecting airline CEOs, The Star-Ledger