Introduction

Professor Bae teaches Economics courses in the department of Global Studies. Within this broad area, his field of specialization is in the areas of applied microeconomics, industrial organization, regulation and public policies, and econometrics. Professor Bae holds a MA from Boston University and a Ph.D from the State University of New York at Stony Brook (Stony Brook University). He came to PNU after several years of teaching a variety of economics courses as an assistant professor at Stony Brook University and Hood College. Professor Bae, along with Hugo Benitez-Silva, Ph.D., at Stony Brook University, has authored “Do Vehicle Recalls Reduce the Number of Accidents? The Case of the U.S. Car Market.” The article appears in the Journal of Policy Analysis and Management, one of the top peer-reviewed economics and public policy journals. A related paper, entitled “The Effects of Automobile Recalls on the Severity of Accidents,” appears in the Economic Inquiry. His research is being analyzed by the Government Accountability Office (GAO) to support the U.S. Congress-requested reform of current recall regulation.

He has presented his research papers in international conferences, such as the International Industrial Organization Conference, the Western Economic Association International Conference, etc. His current research involves vehicle recalls and public safety, social costs of risky products, product innovation, competition and industrial evolution, and economic analysis of tort liability law.