Hass, Jerome E.

James B. Rubin Professor of Fi

research

research and scholarship focus

  • Investment Banking
  • Energy and Regulatory Economics and Policy
  • Applied Microeconomics
  • Managerial Finance
  • Security Analysis and Investment Management
  • Business Strategy

affiliations

faculty appointment in

member of graduate field

other Cornell affiliations

member of advisory group

background

educational background

  • Ph.D., (Economics), Carnegie-Mellon University, 1969
  • M.B.A., (with Distinction, Finance and Operations Research), University of Pennsylvania, Wharton School of Business, 1964
  • B.A., (Cum Laude, Mathematics), St. Mary's College, 1962

professional background

  • NATIONAL ECONOMIC RESEARCH ASSOCIATES, INC.
    • 1983-present Special Consultant
  • JOHNSON GRADUATE SCHOOL OF MANAGEMENT, CORNELL UNIVERSITY
    • 1977-present Professor of Finance and Business Strategy
    • James B. Rubin Professor of Finance (2003- present)
    • Alan Krause Professor of Real Estate Finance (2000-present)
    • Clifford H. Whitcomb Faculty Fellow (1993-1994)
    • Mobil Corporation Scholar (1991-1992)
    • 1998-2000 Academic Director, Executive MBA Program
    • 1998-2001 Coordinator, Investment Banking Immersion
    • 1994-1995 Director, Managerial Skills Program
    • 1979-1982 Director, Public Program
    • 1972-1977 Associate Professor
    • 1969-1972 Assistant Professor
    • 1967-1969 Lecturer
  • UNITED STATES GOVERNMENT
    • 1978-1980 Advisor to Secretary and Deputy Secretary, Department of Energy, on Alaska Natural Gas Transportation System (ANGTS)
    • 1977 Special Assistant to James R. Schlesinger, Executive Office of the President (6 month leave from Cornell University)
    • 1976-1977 Chief, Federal Power Commission, Division of Economic Studies (18 month leave from Cornell University)

publications

selected publications (listing in progress)

  • “Dollar Cost Averaging,” The Journal of Investing, Winter, 2004 (with H. Bierman, Jr.)
  • "The Economics of Removing Asbestos From Buildings," National Asbestos Council Journal, Volume 5, No. 3 (Summer, 1987).
  • "Incentive Systems for Large-Scale Energy Projects," Energy Systems and Policy, Volume 8, No. 4 (1984).
  • "Equity Flotation Cost Adjustments in Cost of Service Pricing," Public Utilities Fortnightly, March 1, 1984 (with H. Bierman, Jr.).
  • "Investment Cut-off Rates and Dividend Policy," Financial Management, Winter 1983 (with H. Bierman, Jr.). Jerome E. Hass
  • "Evaluation of Alternate Rate Structures for Philadelphia Gas Works," National Regulatory Research Institute, September 1978.
  • "An Analytical Model of Bond Risk Differentials," Journal of Financial and Quantitative Analysis, December 1975 (with H. Bierman, Jr.).
  • "Inflation, Equity, Efficiency and the Regulatory Pricing of Electricity," Public Policy, Summer 1975 (with H. Bierman, Jr.).
  • "How to Get Con Ed Out of the Capital Market Doghouse," Financial Analysts Journal, November-December 1974.
  • "Are High Cut-Off Rates a Fallacy?" Financial Executive, June 1973 (with H. Bierman, Jr.).
  • "Capital Budgeting Under Uncertainty: A Reformulation," Journal of Finance, March 1973 (with H. Bierman, Jr.).
  • "Modeling Problems and Problem Avoidance in Water Resources Management," Water Resources Research, June 1972.
  • "Closed Form Stock Price Models," Journal of Financial and Quantitative Analysis, June 1972 (with H. Bierman, Jr. and D.H. Downes).
  • "Decomposition Processes and Their Use in Joint Decision-Making," Inter-Organizational Decision-Making, M.F. Tuite, M. Radnor, and R.D. Chisholm, editors, Aldine Publishing Company, 1972.
  • "Normative Stock Price Models," Journal of Financial and Quantitative Analysis, December 1971 (with H. Bierman, Jr.).
  • "The Use and Misuse of the P/E Ratio in Acquisition and Merger Decisions," Financial Executive, October 1970 (with H. Bierman, Jr.).
  • "Optimal Taxing for the Abatement of Water Pollution," Water Resources Research, April 1970.
  • "Transfer Pricing in a Decentralized Firm." Management Science, February 1968.
  • "The Treatment of Tax-Exempt Securities of Life Insurance Company Income Taxation," National Tax Journal, December 1965 (with J. Bossons).