Fackler, Paul, PhD

Fackler, Paul, PhD
Agricultural and Resource Economics
Expertise: , ,

Email: paul_fackler@ncsu.edu
Phone: (919) 515-4535
Fax: (919) 515-1824
Office Address: 4344 Nelson

Degree From: University of Minnesota (1986)
Curriculum Vitae
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RePEc Profile
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Paul Fackler’s current research orientation is the application of dynamic optimization methods to natural resource management problems. He has been active both in developing plans for managing wildlife, endangered and invasive species as well as in the development of methodological approaches for solving dynamic optimization problems and for addressing structural and observational uncertainty. His published work also includes studies of commodity price behavior, commodity derivatives (futures and options) markets and computational economics. In addition he is the co-author of a widely used textbook on computational economics and co-developer of the associated computer package (CompEcon). He is currently working on two new textbooks on natural resource management and has developed an associated computer package (MDPSolve).


Orden, David & Paul L. Fackler. “Identifying Monetary Impacts on Agricultural Prices in VAR Models.” American Journal of Agricultural Economics, 71 (May 1989): 495-502.
Fackler, Paul L. & Robert P. King. “The Calibration of Option Based Probability Forecasts For Agricultural Commodity Prices.” American Journal of Agricultural Economics, 72(1990): 73-83.
Fackler, Paul L. “Modeling Interdependence: An Approach to Simulation and Elicitation.” American Journal of Agricultural Economics, 73(1991): 1091- 1097
Fackler, Paul L. and Kevin P. McNew. “Multivariate Hedging: Theory, Estimation and an Application.” Review of Agricultural Economics, 15(1993): 521-535.
Fackler, Paul L. “Delivery and Manipulation in Futures Markets.” Journal of Futures Markets, 13(1993): 693-702.
Fackler, Paul L. “Liquidation and Delivery in the Cattle and Hog Futures Markets.” Review of Futures Markets, 11(1992): 184-203.
McNew, Kevin P. and Paul L. Fackler. “Non-Constant Hedge Ratios and Nested Hypotheses Tests.” Journal of Futures Markets, 14(1994): 619-635.
Fisher, Lance A., Paul L. Fackler and David Orden. “Long-Run Identifying Restrictions for an Error-Correction Model of New Zealand Money, Prices and Output.” Journal of International Money and Finance, 14(1995): 127-147.
McNew, Kevin P. and Paul L. Fackler. “Testing Market Equilibrium: Is Cointegration Informative?” Journal of Agricultural and Resource Economics, 22(1997): 191-207.
Paul L. Fackler and McNew, Kevin P. “Experimental Markets Using the Electronic Market Place (EMP)” Journal of Agricultural and Applied Economics, 30(1998): 151-162.
Courses Taught

  • ARE 423 Futures Markets
  • ECG 521 – Markets and Trade
  • ECG790C – Computational Methods in Economics