Contact Information
202-452-3643
robin.prager@frb.gov

Fields of Interest
Industrial Organization
Banking and Financial Institutions

Education
Ph.D., Economics, MIT, 1987
A.B., Economics, Harvard University, 1978

Professional Experience
Board of Governors of the Federal Reserve System, 1994-present
Visiting Associate Professor of Applied Economics, Sloan School of Management, MIT, 1993-1994
Visiting Assistant Professor of Applied Economics, Sloan School of Management, MIT, 1991-1992
Visiting Assistant Professor of Finance/Economics, School of Management, Boston University, 1990-1991
Assistant Professor of Management, Owen Graduate School of Management, Vanderbilt University, 1987-1993
Instructor in Management, Owen Graduate School of Management, Vanderbilt University, 1985-1987

Selected Publications

• ''The Profitability of Small Single-Market Banks in an Era of Multimarket Banking'' (with Timothy H. Hannan), Journal of Banking and Finance, vol. 33 (February 2009), pp. 263-271.
• Determinants of the Locations of Payday Lenders, Pawnshops, and Check-cashing Outlets, Finance and Economics Discussion Series 2009-33. Washington: Board of Governors of the Federal Reserve System, 2009.
• Interchange Fees and Payment Card Networks: Economics, Industry Developments, and Policy Issues (with Mark D. Manuszak, Elizabeth K. Kiser, and Ron Borzekowski), Finance and Economics Discussion Series 2009-23. Washington: Board of Governors of the Federal Reserve System, 2009.
• The Evolving Relationship Between Community Banks and Small Businesses: Evidence from the Surveys of Small Business Finances (with John D. Wolken), Finance and Economics Discussion Series 2008-60. Washington: Board of Governors of the Federal Reserve System, 2008.
• ''Multimarket Bank Pricing: An Empirical Investigation of Deposit Interest Rates'' (with Timothy H. Hannan), Journal of Economics and Business, vol. 58 (June 2006), pp. 256-272.
• ''Country Studies of Interchange Fees: Commentary,'' Review of Network Economics, vol. 4 (December 2005), pp. 324-327.
• ''The Competitive Implications of Multimarket Bank Branching'' (with Timothy H. Hannan ), Journal of Banking and Finance, vol. 28 (August 2004), pp. 1889-1914.
• ''The Geographic Scope of Retail Banking Markets'' (with Erik Heitfield), Journal of Financial Services Research, vol. 25 (February 2004), pp. 37-55.
• ''To Surcharge or Not to Surcharge: An Empirical Investigation of ATM Pricing'' (with Timothy H. Hannan, Elizabeth K. Kiser, and James J. McAndrews), Review of Economics and Statistics, vol. 85 (November 2003), pp. 990-1002.
• ''The Effects of ATM Surcharges on Small Banking Organizations,'' Review of Industrial Organization, vol. 18 (March 2001), pp. 161-73.
• ''ATM Network Mergers and the Creation of Market Power,'' The Antitrust Bulletin, vol. 44 (Summer 1999), pp. 349-63.
• ''The Relaxation of Entry Barriers in the Banking Industry: An Empirical Investigation'' (with Timothy H. Hannan), The Journal of Financial Services Research, vol. 14 (December 1998), pp. 171-88.
• ''Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence from the Banking Industry'' (with Timothy H. Hannan), The Journal of Industrial Economics, vol. 46 (December 1998), pp. 433-52.
• ''The Effects of Market Structure and Ownership on Prices and Service Offerings in the U.S. Cable Television Industry'' (with William M. Emmons III), The RAND Journal of Economics, vol. 28 (Winter 1997), pp. 732-50.
• ''The Effects of Horizontal Mergers on Competition: The Case of the Northern Securities Company,'' The RAND Journal of Economics, vol. 23 (Spring 1992), pp. 123-33.
• ''Firm Behavior in Franchise Monopoly Markets,'' The RAND Journal of Economics, vol. 21 (Summer 1990), pp. 211-25.
• ''Using Stock Price Data to Measure the Effects of Regulation: The Interstate Commerce Act and the Railroad Industry,'' The RAND Journal of Economics, vol. 20 (Summer 1989), pp. 280-90.