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A Note On Monitoring Costs And Voter Fraud, Philip E. Graves, Robert L. Sexton, Gary Galles
A Note On Monitoring Costs And Voter Fraud, Philip E. Graves, Robert L. Sexton, Gary Galles
PHILIP E GRAVES
Election fraud can threaten democracy if many ineligible people are allowed to vote. The usual policy prescription is to increase monitoring cost. However, this is very costly. This paper proposes a more cost effective strategy: substitute tougher and consistent statutes across states against voter fraud.
Productive Complements: Too Often Neglected In The Principles Course?, Gary Galles, Philip E. Graves, Robert L. Sexton
Productive Complements: Too Often Neglected In The Principles Course?, Gary Galles, Philip E. Graves, Robert L. Sexton
PHILIP E GRAVES
Many great economic thinkers, including Alfred Marshall and William Stanley Jevons discussed the importance of joint production, or productive complements, and there are important applications. Yet many students today could complete an economics major and never be introduced to this important concept.
The Educational Choice Anomaly For Principles Students: Using Ordinary Supply And Demand Rather Than Indifference Curves, Philip E. Graves, Robert L. Sexton, Lauren Calimeris
The Educational Choice Anomaly For Principles Students: Using Ordinary Supply And Demand Rather Than Indifference Curves, Philip E. Graves, Robert L. Sexton, Lauren Calimeris
PHILIP E GRAVES
The “surprise value” of many economic observations makes our discipline quite interesting for many students. One such anomaly is that providing “free” education in an effort to reduce the number of dropouts can often result in a lower level of educational quality purchased. This result is easy to show with indifference curves, but many instructors of introductory courses do not introduce this analytical technique. As a consequence, a result that many students find quite interesting is seldom presented. We show here that it is easy to clarify the educational choice anomaly with ordinary supply and demand curves. Moreover, the exercise …
Cross-Price Elasticity And Income Elasticity Of Demand: Are Your Students Confused?, Philip E. Graves, Robert L. Sexton
Cross-Price Elasticity And Income Elasticity Of Demand: Are Your Students Confused?, Philip E. Graves, Robert L. Sexton
PHILIP E GRAVES
The authors demonstrate that most textbooks are ambiguous at best in their treatment of cross-price elasticity and income elasticity of demand. There is also no discussion of what initiates a price increase in discussions of substitutes and complements in the textbooks examined. The authors offer a remedy for these deficiencies.
Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee
Slope Versus Elasticity And The Burden Of Taxation, Philip E. Graves, Robert L. Sexton, Dwight R. Lee
PHILIP E GRAVES
There is no abstract for this brief paper.
The Short-And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves, Dwight R. Lee
The Short-And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves, Dwight R. Lee
PHILIP E GRAVES
There is no abstract for this brief contribution.
Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee
Incorporating Inventories Into Supply And Demand Analysis, Robert L. Sexton, Robert W. Clower, Philip E. Graves, Dwight R. Lee
PHILIP E GRAVES
There is no abstract for this brief contribution.