Marc Anthony Fusaro - Arkansas Tech University

VITA
Marc Anthony Fusaro
College of Business (479) 968-0688
409 Centenary Hall fax (479) 356-6211
Arkansas Tech University http://www.atu.edu/business/fusaro
Russellville, AR 72801 mfusaro@atu.edu
Fields of Specialization
Primary: Industrial Organization, Payment Systems, Banking
Secondary: Money and Banking, Applied Microeconomics, Econometrics
Education
Ph.D., Economics, Northwestern University, Evanston, Illinois, 2004
Dissertation: Check Bouncing Goes Mainstream: An Empirical Study of Bounce
Protection Programs
Committee Chairman: Professor Robert Porter
B.S.: Economics/Math, (summa cum laude) University of Scranton, Scranton, PA, 1996
Teaching Experience
Assistant Professor, Arkansas Tech University 2009 - present
Principles of Macroeconomics
Money and Banking
Intermediate Microeconomics
Assistant Professor, East Carolina University, 2004 - 2009
Principles of Macroeconomics
Money and Banking
Banking and Financial Markets (at advanced undergraduate and graduate levels)
Lecturer, Northwestern University, 2002-2004
Money and Banking
Teaching Assistant Fellow, Northwestern University, 2002-2003
Train and Mentor all new TAs in the economics department
Teaching Assistant, Northwestern University, 1999-2002
Applied Econometrics
Intermediate Microeconomics
Intermediate Macroeconomics
Other Research Related Employment
Research Intern: Federal Reserve Bank of Chicago, Summer 2002
Research Assistant: Federal Reserve Board of Governors, 1996-1998

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Fellowships And Awards
Research Grant, Consumer Credit Research Foundation, 2009.
Research Grant including fellowship by Moebs Services, Lake Bluff, IL, 2003
Dissertation Fellowship, Center for the Study of Industrial Organization, Northwestern
University, 2002
Teaching Assistant Fellow, Searle Center for Teaching Excellence, 2002
Distinguished Teaching Assistant Award (two time recipient)
Graduate Fellowship, Northwestern University, 1999
Andree Award, Mathematical Association of America (given to three best papers), 1997
Beta Gamma Sigma
Fulbright Fellowship National Finalist, 1996
Excellence in Economics Award, University of Scranton, 1996
Chapter President, Omicron Delta Epsilon, Economics Honor Society, 1995, 1996
Eagle Scout, 1992
Research Presentations
! “Revisiting Bank Market Concentration: Don’t Forget About Credit Unions”,
International Industrial Organization Conference, Vancouver BC, May 2010.
! “The Effect of Interest Payment on Time-to-Repayment of Payday Loans”, Arkansas
Collegiate Teachers of Economics and Business Annual Conference, Conway AR,
October 2009.
! “Debit vs. Credit: a Model of Self-Control with Evidence From Checking Accounts”,
Federal Reserve Bank of Atlanta Economics of Payments III, Atlanta GA, April 2008.
! “It’s Not Just How Much You Pay But Also How You Pay: Empirical Evidence from the
Banking Industry”, Midwest Economic Association Meetings, Chicago IL, March 2008
! “Revisiting Bank Market Concentration: Don’t Forget About Credit Unions”, Midwest
Economic Association Meetings, Chicago IL, March 2008
! “Revisiting Bank Market Concentration: Don’t Forget About Credit Unions”, Allied
Social Science Associations, New Orleans LA, January 2008
! “Debit vs. Credit: Model of Self-Control with Evidence From Checking Accounts”
Western Economics Association International Conference, July 2007
! “The Banking Industry Shift from Intermediation to Service Provision: Could $35 NSF
Fees Help Consumers and Hurt Banks?”, International Industrial Organization
Conference, Savannah GA, April 2007
! “Debit vs. Credit: A Study of Self-Control in Shopping Behavior, Theory and Evidence”
Consumer Behavior and Payment Choice Conference, Federal Reserve Bank of Boston,
July 2006
! “Competition in Two-Sided Markets: The Wal-Mart v. Visa/MC Antitrust Struggle Over
Debit Cards and the Honor All Cards Rule” International Industrial Organization
Conference, Boston MA, April 2006
! Discussant of : “The Cost of Being Late: The Case of Credit Card Penalty Fees” by
Nadia Massoud, Anthony Saunders, Barry Scholnick, Federal Reserve Bank of New
York Economics of Payments II, March 2006

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Research Presentations (continued)
! “Why Use Debit? Search Theoretic Analysis of Consumers’ Acceptance of Credit and
Debit”, MEA Meetings, Chicago IL, March 2006
! “Why Use Debit? Search Theoretic Analysis of Consumers’ Acceptance of Credit and
Debit”, ASSA Meetings, Boston MA, January 2006
! “Consumers’ Bank Choice and Overdraft Volume: An Empirical Study of Bounce
Protection Programs”, International Industrial Organization Conference, Atlanta GA,
April 2005
! “Consumer’s Bank Choice and Overdraft Volume: An Empirical Study of Bounce
Protection Programs”, Invited Presentation, University of Scranton, April 2005
! “Modeling Consumers’ Checking Account Behavior: An Empirical Study of Bounce
Protection Programs”, Invited Presentation, University of North Carolina at Charlotte,
January 2005
! “Rank, Stock, Order and Epidemic Effects of Technology Adoption: An Empirical Study
of Bounce Protection Programs”, ASSA Meetings, Philadelphia PA, January 2005
Published Papers
! “Are ‘Bounced Check’ Loans Really Loans? Theory, Evidence and Policy”, Quarterly
Review of Economics and Finance, forthcoming.
! “The Welfare Economics of ‘Bounce Protection’ Programs”, Journal of Consumer
Policy, Vol 33, No 1, March 2010, p 55-73.
! “The Rank, Stock, Order and Epidemic Effects of Technology Adoption: An Empirical
Study of Bounce Protection Programs”, Journal of Technology Transfer, Vol 34, No 1,
February 2009, p 24-42.
! “Hidden Consumer Loans: An Analysis of Implicit Interest Rates on Bounced Checks”
Journal of Economic and Family Issues, Vol. 29, No.2, June 2008.
! “Debit Cards: The New, Old Way to Pay” in Household Credit Usage: Personal Debt
and Mortgages, ed. Sumit Agarwal and Brent Ambrose, Palgrave-McMillan, 2007, p.
149-159.
! “A Visual Representation of the Sequence Space” Pi Mu Epsilon Journal, Vol. 10, No.6,
Spring 1997.
Working Papers
! “Revisiting Bank Market Concentration: Don’t Forget about Credit Unions”
! “Consumer Level Transactions Data Sources and Research: But What About Payments?”
with Scott Schuh and Joanna Stavins
! “What Explains Household Consumption in the Very Short-Run? Evidence from US
Checking Account Data” with Don Dutkowsky
! “It’s Not Just How Much You Pay, But Also How You Pay: Empirical Evidence from the
Banking Industry” with Nick Rupp
! “Competition in Two-Sided Markets: The Wal-Mart v. Visa/MC Antitrust Struggle Over
Debit Cards and the Honor All Cards Rule”
! “Debit vs. Credit? A Model of Self-Control with Evidence from Checking Accounts”

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Working Papers (continued)
! “Consumers Bank Choice and Overdraft Volumes: An Empirical Study of Bounce
Protection Programs”
Work in Progress
! “Are Payday Loans Locking Consumers into a Cycle of Debt? A Field Experiment” with
Pat Cirillo
! “Do Pending Municipal Bond Downgrades Affect Municipal Government Behavior?”
with Sam Tibbs
! “Identifying The Value-Added of an MBA Degree” with Sam Tibbs
! “Who Better Defends the Indigent, Public Defenders or Court Appointed Lawyers” with
Arthur Liu
! “Money in the Utility Function in a Habit Formation Model: Theory and Evidence” with
Don Dutkowsky