Robert Marks' miscellaneous papers


This page of papers includes papers on 14 different topics.

  1. Marks, R.E. (1970) Surface Fitting with Coon's Patches, Report No. 26, Computer Aided Design Group, University Computer Laboratory, Cambridge, (September).

    Paper 1 dates from my time as a Research student at Cambridge University in the Computer Laboratory.

  2. Marks, R.E. (1980) The value of perfect weather information to the Australian tertiary sector, in: Proceedings of the Conference on Value of Meteorological Services, Melbourne, 21-23 February 1979, (Melbourne: Royal Meteorological Society/Economic Society of Australia and New Zealand/Australian Agricultural Economics Society), pp.129-147.

  3. Marks, R.E. (1980) The value of `almost' perfect weather information to the Australian tertiary sector, Australian Journal of Management, 5(1&2): 67-86, (October). Here.

    Papers 2 & 3 come from an invitation to establish the value of weather forecasts to the Australian tertiary sector, which I did using a survey technique.

  4. Marks, R.E., P. Watt, and P. Yetton (1981) GMAT scores and performance: selecting students into a graduate management school, Australian Journal of Management, 6(2): 81-102, (December). Here.

    Paper 4 uses a unique set of data from the AGSM, when in the early days we admitted students before we had them complete the GMAT, meaning we could see how students who would otherwise have been excluded actually performed in the MBA program.

  5. Marks, R.E. (1987) On redesigning an academic journal, Australian Journal of Management, 12(2): 149-158, (December). Here.

    Paper 5 comes from my thirty-year association with the AJM.

  6. Marks, R.E. (1987) Wages and discrimination with incomplete information, presented at the Fourth Analytical Economists' Workshop, Canberra, (February), and the 1986 Australasian Meeting of the Econometric Society, Melbourne, (August), AGSM Working Paper 87-028, (October). Revised version here.

    Motivation for Paper 6 came from an AGSM faculty meeting over thirty years ago in which there was discussion about the desirability of scholarships for women to attend an executive program for senior managers. When the late Malcolm Fisher argued against the proposal, because "there is no evidence in the economics literature of discrimination against women as executives," the late Peter Wilenski (later Australia's Ambassador to the U.N.) responded, "That just reflects on the economics literature." I dedicate this paper to the memories of both men.

  7. Marks, R.E. (1987) Review of Money, Accumulation and Crisis, by D.K. Foley, (Chur, Switzerland: Harwood Academic Publishers, 1986), in Economic Record, 63: 366-368, December, 1987. Here.

  8. Marks, R.E. and P.L. Swan (1988) (editors), Is the Australian Labour Market Ripe for Deregulation? the Malcolm Fisher Festschrift, published in a special edition of Australian Journal of Management, 13(2): 137-274, (December).

  9. Marks, R.E. and P.L. Swan (1988) Introduction to the Malcolm Fisher Festschrift: Is the Australian Labour Market Ripe for Deregulation? published in a special edition of Australian Journal of Management, 13(2): 137-139, (December). Here.

    Items 8 & 9 were a Special Issue of the AJM edited with Peter Swan.

  10. Marks, R.E. (1993) Review of Risk, Organizations, and Society. Studies in Risk and Uncertainty, ed. by Martin Shubik. (Dordrecht: Kluwer Academic Publishers, 1991), in Economic Record, 69(204): 82-83. Here.

  11. Marks, R.E. (1993) Modelling heterogeneous inputs, Economics Letters, 42(2-3): 167-171. Here.

    Paper 11 solves a technical problem I encountered when writing Paper 6 above.

  12. Marks, R.E. (1999) Review of Neural Networks for Economic and Financial Modelling, by Andrea Beltratti, Sergio Margarita and Pietro Terna, (London: International Thomson Computer Press), 1996, Journal of Artificial Societies and Social Stimulation, 2(2): March.

  13. Kong, X., Marks, R. E. and Wan G. H.(1999), Guo you qi yue quan yao su sheng chan li ji qi jue ding ying su: 1990-1994 [Total factor productivity and its determinants of Chinese state-owned enterprises: 1990-1994], Jingji Yanjiu [Economic Research Journal ISSN: 0577-9154], July (No. 7), pp. 40-48. [In Chinese] Here.
    Economic Research Journal (known as Ching Chi Yen Chiu, using Giles-Wade) is published by the Institute of Economics, Chinese Academy of Social Sciences in Beijing. It is the leading economics journal in China.

  14. Marks R.E. (1999) Rising Legal Costs, Chapter 15 in Russell Fox, Justice in the Twenty-First Century, (London: Cavendish Publishing), pp. 227-235. Here.

    Paper 14 was written at the invitation of Mr Justice Fox. Its main contribution is to discuss the Baumol Effect on legal costs.

    • For the transcript of a broadcast discussion (from 28 March 2000, ABC Radio National's Law Report) about the book, see here.
  15. Marks, R.E. (1999) The triumph of the firm, New Directions in Corporate Strategy, ed. by G. Twite and M. O'Keeffe, (Sydney: Allen & Unwin), pp. 39-46. Here.

    Paper 15 discusses recent advances in the theory of the firm.

  16. Kong X., Marks R.E., and Wan G.H. (1999), Technical efficiency, technological change and total factor productivity growth in Chinese state-owned enterprises during the early 1990s, The Asian Economic Journal, 13(3): 267-282, September. Here.

  17. Kong X., Marks R. E., and Wan G. H. (2000) Productivity performance in Chinese state-owned enterprises in the early 1990s -- a stochastic production frontier and Malmquist Productivity Index analysis, in Lloyd P. J. and X.-G. Zhang (editors), China in the Global Economy, (London: Edward Elgar), pp. 65-85. Here.

    Papers 13, 16, and 17 were written by Mr Kong, a PhD student of mine.

  18. Marks R. E. (2000) Efficient, competitive, and informed markets: Australian Corporations Law and auctions, presented at the Department of Economics, UNSW, on 19 May 2000. Here.

    Paper 18 was stimulated by a consulting job.

  19. Marks R.E., Martin P., and Verbeek M., (2002) National Competition Policy: A Discussion Paper. Planning the Second Wave: Future Directions in the Reform of Legal Services Delivery, Sydney: Law Society of New South Wales. (April) Here.

    Paper 19 is a published, policy-related consulting report.

  20. Marks R.E. (2004), Avoiding front-runner's bias, Australian Journal of Management, 29(1): 35-38. Here.

    Paper 20 reflects on the role of luck in firm and manager performance.

  21. Young O. and Marks R.E. (2005) Four pillars debate needs refining, Australian Financial Review, 22 August 2005, p.23, Here.

  22. Marks R.E. (2006) Pandemic planning makes sense, Australian Financial Review, January 17, p.47. Here.

  23. Marks R.E. (2007) Playing for time's a dangerous game, [On the failed Qantas buy-out.] Australian Financial Review, May 8, p.63. Here.

  24. Young O. and Marks R.E. (2008) Mergers across Borders: Analysing the Internationalisation of Financial Institutions, Here.

    Papers 21 & 24 were written with Mr Young, a PhD student of mine. Paper 21 was reprinted in Financial Institutions Management, (2nd Australian edition) by Helen Lange, Anthony Saunders, Dianne Thomson, John A. Anderson, McGraw-Hill, 2007.

  25. Marks R.E. (2008) The Satisficer's Curse, mimeo. Here.

    Paper 25 came from a belief that there was a simpler explanation for disappointing performance than over-optimistic expectations.

  26. Wilkinson, I. F., R. Marks, L. Young, (2010), Toward agent-based models of the development and evolution of business relations and networks, in Ali Minai, Dan Braha, Yaneer Bar-Yam (eds.), Unifying Themes in Complex Systems: Proceedings of the Sixth International Conference on Complex Systems, Volume 6, part of the New England Complex Systems Institute Series on Complexity, (New York: Springer), Chapter 26, pp. 414-421. Here.
  27. Marks R.E. (2011) Pavlova, ChemoSense, 13(4): 8, September. Here.

    Paper 27 is a commissioned indulgence.

  28. Wilkinson, I.F., Held, F., Marks, R.E., & Young, L. (2013). Developing agent-based models of business relations and networks. In R. Stocker & T. Bossomaier (eds.), Networks in Society: Links and Language. Singapore: Pan-Stanford Publishing, Chapter 5. Here.

    Papers 26, 28, and 30 were written as part of an ARC-funded research program which included Mr Held, a PhD student I co-supervised.

  29. Marks R.E. (2013), Learning lessons? The Global Financial Crisis five years on, The Journal and Proceedings of the Royal Society of New South Wales, 146 (447 & 448), June, (pp. 3-16 and A1-A43), Here (pp. 3-16), Here (pp. A1-A43), and Here.

    • Marks R.E. (2008) Right, said TED, Insto: Australia's finance and capital markets magazine, Vol. 3, Issue 10, Oct/Nov, p. 54. Here.

    • Marks R.E. (2013) Walking the line on GFC times, The Conversation, 28 August. Here.

    • Robert E. Marks, "Learning Lessons? The GFC five years on," presented at a meeting of the Business Valuation SIG, ICAA, 11 September 2013. Here.

    Paper 29 includes analysis of the GFC and a long timeline, from 1720 to 2013, of its events. It was nominated for the Royal Society's Archibald Ollé Prize, would have won, but was ineligible..

    And see the response to it from a Nobel Laureate and M.I.T. Emeritus: Here.

  30. Held, F., Wilkinson, I.F., Marks, R.E., & Young, L. (2014), Agent-based modelling, a new kind of research, Australasian Marketing Journal, 22(1): 4-14, Feb. Here.

  31. Marks, R.E. (2014), Learning to be risk averse? Proceedings of the IEEE Computational Intelligence for Financial Engineering and Economics 2014, March 27-28, London, UK, ed. by A. Serguieva, D. Maringer, V. Palade, and R.J. Almeida, IEEE Computational Intelligence Society, pp. 1075-1079. Here.
    But see a revised paper with a different conclusion Here.

  32. Marks, R.E. (2015), The 2014 Australian Budget: an economist's reaction, The Economic and Labour Relations Review 26(1): 154-156. Here.

  33. Marks R.E. (2015) Ronald McKinnon (1935-2014), The Economic and Labour Relations Review 26(1): 160-161. Here.

  34. Marks R.E. (2015), Searching for agents' best risk profiles, In the Proceedings of the 18th Asia Pacific Symposium on Intelligent and Evolutionary Systems (IES'2014), Volume 1, ed. by Handa, H., Ishibuchi, H., Ong, Y.-S., Tan, K.-C. In the Series: Proceedings in Adaptation, Learning and Optimization, Vol. 1. Springer, pp. 297-309. (ISBN 978-3-319-13359-1) Here.
    But see a revised paper with a different conclusion Here.

  35. Marks R. E. (2016), Seeing eurozone events through the lens of the global financial crisis, The Conversation, 11 January. Here.

  36. Marks R.E. (2016), Douglass Cecil North (1920-2015), The Economic and Labour Relations Review 27(1): 118-120. Here.

  37. Marks R. E. (2016), 15 economic milestones which have led to the current eurozone crisis, The Conversation, 27 January. Here.

  38. Marks R. E. (2016), Risk neutral is best for risky decision making, mimeo., 16 March 2016. Here.

  39. Marks R.E. (2016), Editorial, Journal & Proceedings of the Royal Society of New South Wales, 149: 1-4, December. Here.

  40. Marks R.E. (2016), William Stanley Jevons, Fellow of the Philosophical Society of New South Wales, 1856-1859, Journal & Proceedings of the Royal Society of New South Wales, 149: 59-64, December. Here.

  41. Marks R.E. (2017), Editorial, Journal & Proceedings of the Royal Society of New South Wales, 150: 1-2, June. Here.


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