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Economics

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Selected Works

Selected Works

2009

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Going Parochial In The Assessment Of The Brazilian Economics Research Output, Sergio Da Silva Dec 2008

Going Parochial In The Assessment Of The Brazilian Economics Research Output, Sergio Da Silva

Sergio Da Silva

I evaluate the just launched official criterion for assessing the economics research output in Brazil, called “Qualis”. I compare it with the simple journal impact factors released by RePEc. Four biases are identified: (1) left-wing journals have been favored, (2) mainstream British journals have been downgraded, (3) cross disciplinary research output has been neglected, and (4) domestic journals have been favored.

Reactions to this paper

F. S. Lee, B. C. Cronin, S. McConnel, E. Dean (2010) Research quality rankings of heterodox economic journal in a contested discipline, American Journal of Economics and Sociology 69(5), 1409-1452

J. R. Faria (2010) Most …

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Strategic Considerations In The Emergence Of Private Action Rights, Reza Rajabiun Dec 2008

Strategic Considerations In The Emergence Of Private Action Rights, Reza Rajabiun

Reza Rajabiun

The design of mechanisms for the enforcement of rules regarding anticompetitive practices has been the subject of considerable controversy in both developed and developing countries. Public competition authorities have advantages in terms of scale economies and coordination of competing policy objectives. Private rights of action enhance the capacity of legal regimes to generate information and deter collusive agreements and exclusionary practices. Private enforcement also increases the transaction costs of regulatory capture. Given these differences, mixed regimes are likely to be superior to purely public or private arrangements. However, most national jurisdictions grant exclusive authority to public agencies and prosecutors. This …

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Grossman's Health Threshold And Retirement, Titus Galama, Arie Kapteyn, Raquel Fonseca, Pierre-Carl Michaud Dec 2008

Grossman's Health Threshold And Retirement, Titus Galama, Arie Kapteyn, Raquel Fonseca, Pierre-Carl Michaud

Titus Galama

We formulate a stylized structural model of health, wealth accumulation and retirement decisions building on the human capital framework of health provided by Grossman. We explicitly assume a functional form of the utility function and carefully account for initial conditions, which allow us to derive analytic solutions for the time paths of consumption, health, health investment, savings and retirement. We argue that the Grossman literature has been unnecessarily restrictive in assuming that health is always at Grossman’s “optimal” health level. Exploring the properties of corner solutions we find that advances in population health (health capital) can explain the paradox that …

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Competition Law And The Economy In The Russian Federation, 1990-2006, Reza Rajabiun Dec 2008

Competition Law And The Economy In The Russian Federation, 1990-2006, Reza Rajabiun

Reza Rajabiun

Most developing and transition countries adopted statutes prohibiting anticompetitive agreements and abusive practices during the 1980's and 1990's. The effectiveness of these laws is nevertheless widely debated. This paper contributes to the literature by conducting an event study of the adoption of Russian competition laws in the early years of transition, the subsequent economic developments and the legislative reform process of 2002-2006. An examination of the substantive prohibitions and enforcement data reveals that Russian competition laws relied on complex standards and imposed weak constraints on anticompetitive practices. The more recent shift to simpler and more predictable per se prohibitions against …

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Competition Law As Development Policy: Evidence From Poland, Reza Rajabiun Dec 2008

Competition Law As Development Policy: Evidence From Poland, Reza Rajabiun

Reza Rajabiun

The relationship between the design of competition laws and economic outcomes remains the subject of considerable controversy in both law and economics. Recent cross-national studies suggest that effective legal constraints against anticompetitive practices can enhance prospects for economic development by increasing the number of market participants and the quality of broader political and economic institutions. This paper explores the linkages between regulatory constraints against anticompetitive practices and the efficiency of market mechanisms by focusing on the experience in Poland between the collapse of central planning and regulatory harmonization pursuant to European Union accession. The analysis suggests that per se prohibitions …

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Cross-Price Elasticity And Income Elasticity Of Demand: Are Your Students Confused?, Philip E. Graves, Robert L. Sexton Dec 2008

Cross-Price Elasticity And Income Elasticity Of Demand: Are Your Students Confused?, Philip E. Graves, Robert L. Sexton

Robert L Sexton

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.

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