W. D. Walls

Professor
Acting Department Head

Social Sciences 332

Websites:

Research Interests

Research Interests:

Currently Teaching

W2023 - ECON 489 - Economics of the Movie Business

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LEC 1

R 17:00 - 18:15
T 17:00 - 18:15

W2023 - ECON 693 - Research Methods II

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LEC 1

WF 15:30 - 16:08

P2023 - ECON 491 - Managerial and Decision Economics

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LEC 1

MW 09:00 - 11:45

P2023 - ECON 695 - Research Methods III

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LEC 1

TR 09:00 - 11:45

F2023 - ECON 328 - Petroleum Economics

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LEC 1

MWF 10:00 - 10:50

F2023 - ECON 427 - Energy Economics and Policy

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LEC 1

MWF 09:00 - 09:50

W2024 - ECON 371 - Economic Analysis of Transportation

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LEC 1

TR 12:30 - 13:45

W2024 - ECON 527 - World Oil Economics

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LEC 1

TR 11:00 - 12:15

view past courses

Working Papers

#2022-05 - Evaluating Environmental Benefits from Driving Electric Vehicles: The Case of Shanghai
By Wei, F., Walls, W. D., Zheng, X. and Li, G.
View abstract • View this paper on RePEc

#2022-02 - Pipeline Interconnection, Tolling Competition, and Transmission Capacity
By Walls, W. D. and Yuan, Lasheng
View abstract • View this paper on RePEc

#2022-01 - Differential license plate pricing and electric vehicle adoption in Shanghai
By Li, G., Walls, W. D. and Zheng, X.
View abstract • View this paper on RePEc

#2021-02 - Waste Import Bans and Environmental Quality: Evidence from China's Electronic Waste Disposal Towns
By Lian Guo, Walls, W. D. and Xiaoli Zheng
View abstract • View this paper on RePEc

#2020-01 - Fracking and Structural Shifts in Oil Supply
By Walls, W. D. and Zheng, Xiaoli
View abstract • View this paper on RePEc

all working papers

Publications

Book

Walls, W. D.. Hollywood Models Lambert Academic Publishing AG, 2009. Print.
De Vany, Arthur S. and Walls, W. D.. The Emerging New Order in Natural Gas: Markets versus Regulation Westport, CT: Quorum Books, 1995. Print.
Rusco, Franklin W. and Walls, W. D.. Clearing the Air: Vehicular Emissions Policy for Hong Kong Hong Kong: The Chinese University Press, 1995. Print.

Book Chapter

Walls, W. D.. "Bestsellers and blockbusters: Movies, music and books" Handbook of the Economics of Art and Culture, Vol. 2 Ed. V. Ginsburg and D. Throsby (eds) North Holland, 2013. 185-214. Print.
Walls, W. D.. "Natural gas and electricity markets" International Handbook on the Economics of Energy Ed. Evans, J. and Hunt, L. Northampton, MA: Edward Elgar Publishing Ltd., 2009. Print.
Walls, W. D.. "Economics of Motion Pictures" The New Palgrave Dictionary of Economics Ed. L. Blume and S. Durlauf London: Palgrave Macmillan, 2008. 787-791. Print.

Journal Article

Guo, L., Walls, W. D. and Zheng, X.. "Waste Import Bans and Environmental Quality: Evidence from China's Electronic Waste Disposal Towns". Environmental and Resource Economics, (2023). Print.
Walls, W. D. and Zheng, X.. "Fracking and Structural Shifts in Oil Supply". The Energy Journal 43.3 (2022): 1-32. Print.
Walls, W. D. and Zheng, Xiaoli. "Environmental regulation and safety outcomes: Evidence from energy pipelines in Canada". Resource and Energy Economics 64. (2021). Print.
Hadida, Allegre L., Lampel, Joseph, Walls, W. D. and Joshi, Amit. "Hollywood studio filmmaking in the age of Netflix: a tale of two institutional logics". Journal of Cultural Economics 45.2 (2021): 213-238. Print.
Walls, W. D. and During, A.. "The Presidential Amnesty Programme of 2009 and Nigerian Oil Production: a disaggregate econometric analysis". OPEC Energy Review 44.1 (2020): 27-42. Print.
Walls, W. D. and McKenzie, Slurms. "Black swan models for the entertainment industry with an application to the movie business". Empirical Economics 56. (2020): 3019-3032. Print.
Walls, W. D. and Zheng, Xiaoli. "Pipeline Capacity Rationing and Crude Oil Price Differentials: The Case of Western Canada". The Energy Journal 41.1 (2020): 241-258. Print.
McKenzie, J. and Walls, W. D.. "File Sharing and Film Revenues: Estimates of Sales Displacement at the Box Office". B. E. Journal of Economic Analysis and Policy 16.1 (2016): 25-57. Print.
Walls, W. D. and Zheng, Xiaoli. "Shale oil boom and the profitability of US petroleum refiners". OPEC Energy Review 40.4 (2016): 337-353. Print.
Zavaleta, A., Walls, W. D. and Rusco, F. W.. "Refining for export and the convergence of petroleum product prices". Energy Economics 47. (2015): 206-214. Print.
Walls, W. D. and Yuan, Lasheng. "Highway subfranchising and tolling competition". Journal of Transport Economics and Policy 49.1 (2015): 115-132. Print.
Chisholm, D., Fernandez-Blanco, V., Ravid, S. A. and Walls, W. D.. "Economics of motion pictures: The state of the art". Journal of Cultural Economics 39.1 (2015): 1-13. Print.
McKenzie, Slurms and Walls, W. D.. "Australian films at the Australian box office: Performance, distribution, and subsidies". Journal of Cultural Economics 37.1 (2013): 247-269. Print.
Walls, W. D. and McKenzie, J.. "The changing role of Hollywood in the global movie market". Journal of Media Economics 25.4 (2012): 198-219. Print.
Walls, W. D., Leung, G. and Li, R.. "Transitions in the Chinese Market for Refined Petroleum Products". OPEC Energy Review 36.3 (2012): 349-373. Print.
Walls, W. D., Rusco, F. W. and Kendix, M.. "Biofuels policy and the US market for motor fuels: Empirical analysis of ethanol splashing". Energy Policy 39.7 (2011): 3999-4006. Print.
Kendix, M. and Walls, W. D.. "Estimating the impact of refinery outages on petroleum product prices". Energy Economics 32.6 (2010): 1291-1298. Print.
Walls, W. D.. "Petroleum refining industry in China". Energy Policy 38.5 (2010): 2110-2115. Print.
Kendix, M. and Walls, W. D.. "Oil industry consolidation and refined product prices: Evidence from US wholesale gasoline terminals". Energy Policy 38.7 (2010): 3498-3507. Print.
Walls, W. D.. "General stable models of the rate of return to Hollywood films". Advances and Applications in Statistical Sciences 2.1 (2010): 19-36. Print.
Walls, W. D.. "Superstars and heavy tails in recorded entertainment: Empirical analysis of the market for DVDs". Journal of Cultural Economics 34.4 (2010): 261-280. Print.
Walls, W. D.. "Screen wars, star wars, and sequels: Nonparametric reanalysis of movie profitability". Empirical Economics 37.2 (2009): 447-461. Print.
Walls, W. D.. "Robust analysis of movie earnings". Journal of Media Economics 22.1 (2009): 20-35. Print.
Walls, W. D.. "Cross-country analysis of movie piracy". Applied Economics 40.5 (2008): 625-632. Print.
Walls, W. D. and Rusco, F.. "Price effects of boutique motor fuels: Federal environmental standards, regional fuel choices, and local gasoline prices". The Energy Journal 28.3 (2007): 145-163. Print.
Walls, W. D., Rusco, F. and Ludwigson, J.. "Power plant investment in restructured markets". ENERGY---The International Journal 32.8 (2007): 1403-1413. Print.
De Vany, A. and Walls, W. D.. "Estimating the effects of movie piracy at the box office". Review of Industrial Organization 30.4 (2007): 291-301. Print.
Schrade. W. R. and Walls, W. D.. "Holding companies, market liquidity, and the development of the electric power industry". Jouranl of Energy and Development 32.1 (2006): 1-14. Print.
Walls, W. D. and Zhang, W.. "Using extreme value theory to model electricity price risk with an application to the Alberta power market". Energy Exploration & Exploitation, (2005). Print.
Walls, W. D.. "Modeling movie success when `nobody knows anything': Conditional stable-distribution analysis of film returns". Journal of Cultural Economics 29.3 (2005): 177-190. Print.
De Vany, A. and Walls, W. D.. "Motion picture profit, the stable Paretian hypothesis, and the curse of the superstar". Journal of Economic Dynamics and Control 28.6 (2004): 1035-1057. Print.
De Vany, A. and Walls, W. D.. "Does Hollywood make too many R-rated movies? Risk, stochastic dominance, and the illusion of expectation". Journal of Business 75.3 (2002): 425-451. Print.
Bausell, C., Rusco, F. and Walls, W. D.. "Lifting the Alaskan oil export ban: An intervention analysis". The Energy Journal, (2001). Print.
Walls, W. D. and De Vany, A.. "Cointegration analysis of spot electricity prices: Insights on transmission efficiency in the western US". Energy Economics, (1999). Print.
De Vany, A. S. and Walls, W. D.. "Price dynamics in a network of decentralized power markets". Journal of Regulatory Economics 15.2 (1999): 123-140. Print.
Rusco, F. W. and Walls, W. D.. "Competition in a repeated spatial auction market with an application to timber sales". Journal of Regional Science 39.3 (1999): 449-465. Print.
De Vany, A. and Walls, W. D.. "Uncertainty in the movie industry: Does star power reduce the terror of the box office?". Journal of Cultural Economics 23.4 (1999): 285-318. Print.
De Vany, A. and Walls, W. D.. "The market for motion pictures: Rank, revenue and survival". Economic Inquiry 35.4 (1997): 783-797. Print.
Walls, W. D. and De Vany, A.. "The law of one price in a network: Arbitrage and price dynamics in natural gas city gate markets". Journal of Regional Science, (1996). Print.
De Vany, A. and Walls, W. D.. "Bose-Einstein dynamics and adaptive contracting in the motion picture industry". Economic Journal 106.439 (1996): 1493-1514. Print.
Walls, W. D.. "An econometric analysis of the market for natural gas futures". The Energy Journal, (1995). Print.
Walls, W. D.. "A cointegration rank test of market linkages with an application to the US natural gas industry". Review of Industrial Organization, (1994). Print.
De Vany, Arthur and Walls, W. D.. "Natural gas industry transformation, competitive institutions, and the role of regulations: Lessons from open access to US natural gas markets". Energy Policy 22.9 (1994): 755-763. Print.
Walls, W. D.. "Price convergence across natural gas fields and city markets". The Energy Journal, (1994). Print.
Walls, W. D. and De Vany, A.. "Pipeline access and market integration in the natural gas industry: Evidence from cointegration tests". The Energy Journal, (1993). Print.

Other

J. McKenzie and Walls, W. D.. What explains the poor performance of Australian films at the Australian box office? 2011.

Uncategorized

Walls, W. D. and McKenzie, J.. Black Swan Models for the Entertainment Industry with an Application to the Movie Business 2018-04 2019.
Walls, W. D. and Zheng, Xiaoli. Pipeline Capacity Rationing and Crude Oil Price Differentials: The Case of Western Canada 2018-15 2019.
During, Adegboyega and Walls, W. D.. Presidential Amnesty and Nigerian Oil Production: A Disaggregate Econometric Analysis 2019-11 2019.
Walls, W. D. and Harvey, P. J.. Analysis of skewness preference for horse track gamblers in Hong Kong and Japan 2018-02 2018.
Walls, W. D.. Valuing Anti-Piracy Technology in the Motion-Picture Industry 2018-03 2018.
Zavaleta, A., Walls, W. D. and Rusco, F.. Refining for Export and the Convergence of Petroleum Product Prices 2013-32 2013.
Walls, W. D. and McKenzie, J.. Australian films at the Australian box office: Performance, distribution, and subsidies 2014-52 2013.
Walls, W. D. and McKenzie, J.. The changing role of Hollywood in the global movie market 2014-51 2012.
Walls, W. D., Leung, G. and Li, R.. Transitions in the Chinese market for refined petroleum products 2014-59 2012.
Walls, W. D.. Superstars and heavy tails in recorded entertainment: Empirical analysis of the market for DVDs 2014-50 2010.
Walls, W. D.. General stable models of the rate of return to Hollywood films 2014-53 2010.
Walls, W. D.. Nonparametric reanalysis of movie profitability 2014-47 2009.
Walls, W. D.. Robust analysis of film earnings 2014-49 2009.
Walls, W. D. and Kendix, M.. Oil industry consolidation and refined product prices: Evidence from US gasoline terminals 2014-60 2009.
Walls, W. D.. Petroleum refining industry in China 2014-61 2009.
Walls, W. D.. Cross-country analysis of movie piracy 2014-55 2008.
Walls, W. D.. Natural gas and electricity markets 2014-62 2008.
Walls, W. D. and DeVany, A.. Estimating the effects of movie piracy on box-office revenue 2014-56 2007.
Walls, W. D. and Rusco, F.. Per-unit bidding rules and buyer under-performance in natural resource sales 2014-63 2007.
Walls, W. D. and Rusco, F.. Price effects of boutique motor fuels 2014-65 2007.
Walls, W. D., Ludwigson, J. and Rusco, F.. Power plant investment in restructured markets 2014-64 2006.
Walls, W. D. and Schrade, W.. Holding companies, market liquidity, and the development of the electric power industry 2014-66 2006.
Walls, W. D.. Modeling heavy tails and skewness in film returns 2014-48 2005.
Walls, W. D. and DeVany, A.. Big budgets, big openings, and legs: Analysis of the blockbuster strategy 2014-57 2004.
Walls, W. D. and DeVany, A.. Quality evaluations and the breakdown of statistical herding in the dynamics of box-office revenue 2014-58 2004.
Walls, W. D. and Zheng, Xiaoli. Fracking and Structural Shifts in Oil Supply 2020-01 1969. 50 pp..
Lian Guo, Walls, W. D. and Xiaoli Zheng. Waste Import Bans and Environmental Quality: Evidence from China's Electronic Waste Disposal Towns 2021-02 1969. 37 pp..
Li, G., Walls, W. D. and Zheng, X.. Differential license plate pricing and electric vehicle adoption in Shanghai 2022-01 1969. 30 pp..
Walls, W. D. and Yuan, Lasheng. Pipeline Interconnection, Tolling Competition, and Transmission Capacity 2022-02 1969. 25 pp..
Wei, F., Walls, W. D., Zheng, X. and Li, G.. Evaluating Environmental Benefits from Driving Electric Vehicles: The Case of Shanghai 2022-05 1969. 50 pp..
McKenzie, J. and Walls, W. D.. File Sharing and Film Revenues: An Empirical Analysis 2013-01 1969.
Walls, W. D.. The market for motion pictures in Thailand: Rank, revenue, and survival at the box office 2014-54 1969.
Walls, W. D. and Zheng, Xiaoli. Shale Oil Boom and the Profitability of U.S. Petroleum Refiners 2015-28 1969.
Walls, W. D. and Zheng, Xiaoli. Fracking and the Elasticity of U.S. Oil Production 2016-44 1969.
Walls, W. D. and Zheng, X.. Environmental Regulation and Safety Outcomes: Evidence from Canadian Energy Pipelines 2019-10 1969.
Hadida, Allègre L., Lampel, Joseph, Joshi, Amit and Walls, W. D.. Hollywood Studio Filmmaking in the Age of Netflix: A Tale of Two Institutional Logics 2019-13 1969.
Harvey, Patrick J. and Walls, W. D.. Information, institutions, and firm organization: A caselet on the Hong Kong personal services sector 2019-15 1969.
Walls, W. D.. Bestsellers and Blockbusters: Movies, music, and books 2012-09 1969.
Walls, W. D. and P. J. Harvey. DVD Movie Piracy in Hong Kong: Autopsy of a Brick-and-Mortar Market 2009-19
Walls, W. D. and Yuan, Lasheng. Highway Subfranchising and Tolling Competition 2009-16
Kendix, M. and Walls, W. D.. Estimating the Impact of Refinery Outages on Petroleum Product Prices 2010-12
Walls, W. D., Rusco, F. and Kendix, M.. Biofuels Policy and the Market for Motor Fuels: Empirical Analysis of Ethanol Splashing 2011-01

Curriculum Vitae

w-d-walls-cv.pdf

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