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Articles 1 - 30 of 122
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Employment Guarantee For Rural India, A Ganesh-Kumar, Srijit Mishra, Manoj Panda
Employment Guarantee For Rural India, A Ganesh-Kumar, Srijit Mishra, Manoj Panda
Srijit Mishra
A report of a round-table discussion held in Mumbai in November 2004 on the proposed employment guarantee programme.
Religious Sectarianism: Lessons To Be Learnt From Pakistan, Vikas Kumar
Religious Sectarianism: Lessons To Be Learnt From Pakistan, Vikas Kumar
Vikas Kumar
No abstract provided.
Who Survived The Titanic? A Logistic Regression Analysis, Lonnie K. Stevans, David Gleicher
Who Survived The Titanic? A Logistic Regression Analysis, Lonnie K. Stevans, David Gleicher
Lonnie K. Stevans
A logistic regression analysis of an extensive data set on the Titanic passengers is presented which tests the likelihood that a Titanic passenger survived the accident--based upon passenger characteristics. The main finding is that underneath the strong overt preference afforded in the rescue by the authorities to women and children over men, there was a complex class determination of survival rates among men, on the one hand, and women and children, on the other. We hypothesize that the statistical interactions of gender and class are explained by two crucial decisions made by the ship’s authorities: 1. to encourage, and perhaps …
Further Evidence That Legalized Abortion Lowered Crime: A Reply To Joyce, John Donohue, Steven D. Levitt
Further Evidence That Legalized Abortion Lowered Crime: A Reply To Joyce, John Donohue, Steven D. Levitt
John Donohue
No abstract provided.
The Many Legal Institutions That Support Contractual Commitment, Gillian K. Hadfield
The Many Legal Institutions That Support Contractual Commitment, Gillian K. Hadfield
Gillian K Hadfield
One of the fundamental contributions of transaction cost theory and institutional economics has been to focus attention on opening the "black box" of contract enforcement, drawing attention to the institutions required to achieve effective and low-cost contract enforcement. The idea that the effectiveness of contract law is critical to the growth of economic activity is widespread in the literature on development and transition economies. Recent studies attempting to document toe relative strength of contract enforcement in different settings (La Porta, et al., 19982; Djankov, et al., 2003), however, have focused on relatively abstract notions of "courts" and "legal systems" and …
Guns, Crime, And The Impact Of State Right-To-Carry Laws, John Donohue
Guns, Crime, And The Impact Of State Right-To-Carry Laws, John Donohue
John Donohue
No abstract provided.
Baby Booms And Drug Busts: Trends In Youth Drug Use In The United States, Mireille Jacobson
Baby Booms And Drug Busts: Trends In Youth Drug Use In The United States, Mireille Jacobson
Mireille Jacobson
No abstract provided.
A Suite Deal, Scott J. Wallsten
Expert Witness Says Disney Had Cause To Fire President, John Donohue
Expert Witness Says Disney Had Cause To Fire President, John Donohue
John Donohue
The Walt Disney Company should have fired Michael S. Ovitz because of his "substantial and repeated dishonesty," a legal specialist testified yesterday in support of the shareholders who are suing Disney's directors over Mr. Ovitz's $140 million severance package.
Ovitz Performance In Disney Role Is Faulted At Trial, John Donohue
Ovitz Performance In Disney Role Is Faulted At Trial, John Donohue
John Donohue
Former Walt Disney Co. President Michael Ovitz's job performance and spending habits came under attack during testimony in a Delaware court case, as an expert witness said Disney's directors could have fired Mr. Ovitz for cause, rather than giving him the no‐fault termination he received. John J. Donohue, a Yale University law professor and witness for a group of Disney shareholders, testified that his review of California law, of Mr. Ovitz's employment contract and of depositions in the case showed that Disney's board had the right not to grant Mr. Ovitz a no‐ fault termination, which resulted in an estimated …
Disney Had Good Reason To Fire Ovitz, John Donohue
Disney Had Good Reason To Fire Ovitz, John Donohue
John Donohue
GEORGETOWN, Del., Oct 21 (Reuters) - Walt Disney Co. (DIS.N) should have fired Michael Ovitz rather than paying him $140 million in severance, a legal expert testified on Thursday in support of shareholders suing the Disney board. Shareholders are demanding that the severance and interest - a sum that could total about $200 million - be returned to the company, claiming that the board was asleep at the wheel when they approved the deal and that Ovitz failed miserably in his 14 months as president. In the second day of a trial that is being closely watched in corporate boardrooms, …
Decreasing Relative Risk Aversion, Risk Sharing, And The Permanent Income Hypothesis, Qiang Zhang, Masao Ogaki
Decreasing Relative Risk Aversion, Risk Sharing, And The Permanent Income Hypothesis, Qiang Zhang, Masao Ogaki
Qiang Zhang
This paper develops a method to test the risk sharing hypothesis (RSH) against various versions of the permanent income hypothesis (PIH) while allowing for heterogeneity in risk preferences across households. Using one-year and longer differences in household total non-durable consumption data from Indian villages, we find evidence that favors RSH rather than the PIH at the village level.
The Economics Of Agency Law And Contract Formation, Eric Bennett Rasmusen
The Economics Of Agency Law And Contract Formation, Eric Bennett Rasmusen
Eric Bennett Rasmusen
This article uses the economic approach to address issues that arise in agency law when agents make contracts on behalf of principals. The main issue is whether the principal should be bound when the agent makes a contract with some third party on his behalf which the principal would immediately wish to disavow. The resulting tradeoffs resemble those in tort law, so the least-cost-avoider principle is useful for deciding when contracts are valid and may be the underlying logic behind a number of different legal doctrines applied to agency cases. In particular, an efficiency explanation can be found for the …
Annual Income, Hourly Wages, And Identity Among Mexican Americans And Other Latinos, Patrick Leon Mason
Annual Income, Hourly Wages, And Identity Among Mexican Americans And Other Latinos, Patrick Leon Mason
Patrick L. Mason
This paper examines heterogeneity and income inequality among Hispanic Americans. Two processes that influence Hispanic heterogeneity include acculturation and labor market discrimination because of skin shade/phenotype. I focus on Hispanics because of their variation in phenotype, color, nativity, and language usage, and also because of their recent large-scale integration into a society that has been historically characterized by bi-polar racial categories that are putatively based on phenotype. This process provides a natural experiment for appraising the relative importance of acculturation, discrimination, and income inequality. I use data from two periods, 1979 and 1989, to determine the stability of identity formation …
Equilibrium Selection In Coordination Games: Why Do Dominated Strategies Matter?, Suren Basov
Equilibrium Selection In Coordination Games: Why Do Dominated Strategies Matter?, Suren Basov
Suren Basov
In this paper I illustrate by an example that strictly dominated strategies may affect the process of the equilibrium selection in coordination games. The strategy profile that gets selected may be both Pareto and risk dominated. This distinguishes it from the examples provided in Ellison (2000) and Maruta (1997).
Productivity Effects Of Organizational Change: Microeconometric Evidence, Ulrich Kaiser, Irene Bertschek
Productivity Effects Of Organizational Change: Microeconometric Evidence, Ulrich Kaiser, Irene Bertschek
ULRICH KAISER
No abstract provided.
Exclusion Or Efficient Pricing: The "Big Deal" Bundling Of Academic Journals, Aaron S. Edlin, Daniel L. Rubinfeld
Exclusion Or Efficient Pricing: The "Big Deal" Bundling Of Academic Journals, Aaron S. Edlin, Daniel L. Rubinfeld
Daniel L. Rubinfeld
Prices of academic journals have climbed enormously in the past two decades. This article explains the substantial barriers to entry that established journals enjoy. It points out that the Big Deal bundling that the large commercial publishers have adopted in the past few years creates a substantial additional strategic barrier to entry. We consider whether these bundling offers violate the antitrust laws and conclude that they may.
Exclusion Or Efficient Pricing: The "Big Deal" Bundling Of Academic Journals, Aaron S. Edlin, Daniel L. Rubinfeld
Exclusion Or Efficient Pricing: The "Big Deal" Bundling Of Academic Journals, Aaron S. Edlin, Daniel L. Rubinfeld
Aaron Edlin
Prices of academic journals have climbed enormously in the past two decades. This article explains the substantial barriers to entry that established journals enjoy. It points out that the Big Deal bundling that the large commercial publishers have adopted in the past few years creates a substantial additional strategic barrier to entry. We consider whether these bundling offers violate the antitrust laws and conclude that they may.
A Simulation-Based Welfare Loss Calculation For Labor Taxes With Piecewise-Linear Budgets, Don Fullerton, Li Gan
A Simulation-Based Welfare Loss Calculation For Labor Taxes With Piecewise-Linear Budgets, Don Fullerton, Li Gan
Don Fullerton
Graduated income tax rates and transfer programs create piecewise-linear budget constraints that consist of budget segments and kink points. With any change in these tax rules, each individual may switch between a kink point and a budget segment, between two budget segments, or between two kink points. With errors in the estimated labor supply equation, the new choice is uncertain, and so the welfare effects of a tax change are uncertain. We propose a simulation-based method to compute expected welfare effects that is easy to implement and that fully accounts for uncertainties about choices around kink points. Our method also …
Industry Clusters And Economic Development: A Learning Resource, Edward J. Feser
Industry Clusters And Economic Development: A Learning Resource, Edward J. Feser
Edward J Feser
One of the most widely discussed issues in community and economic development today is the role of industry clusters as engines of regional growth and development. Many communities are undertaking cluster studies or initiating cluster planning exercises as a way to organize development strategies to promote key local economic strengths or to shore up identified weaknesses. A large consulting industry has emerged to serve governments’ interest in clusters and the research literature on the topic is growing rapidly. At the same time, some analysts have likened clusters to another economic development fad that will eventually be supplanted by the next …
Spanish Regiones And Sustainable Development: Measurement Of Advances From Rio To Johannesburg Through Multidimensional Synthetic Indexes, Fernando González-Laxe, Federico Martín Palmero
Spanish Regiones And Sustainable Development: Measurement Of Advances From Rio To Johannesburg Through Multidimensional Synthetic Indexes, Fernando González-Laxe, Federico Martín Palmero
Fernando González-Laxe
No abstract provided.
Asking The Right Questions: Making A Case For Sexual Orientation Data, Lee Badgett
Asking The Right Questions: Making A Case For Sexual Orientation Data, Lee Badgett
Lee Badgett
Currently, very little information is collected on sexual orientation in the nationally representative surveys that guide much of the investigation of social, economic, and health policy. Asking questions on sexual orientation will help to fulfill the mission of such surveys to measure outcomes both for the population as a whole and population sub-groups where a policy role is evident. In many cases, the stated purposes and current uses of survey data may even be seen to require the collection of personal characteristics such as sexual orientation. This paper will first outline the particular areas of research and policymaking that are …
Hiv Testing: A Trojan Horse?, Stéphane Mechoulan
Hiv Testing: A Trojan Horse?, Stéphane Mechoulan
Stéphane Mechoulan
The consequences of HIV testing are unclear. Some infected individuals, assuming they behave selfishly, would tend to increase their number of partners. Meanwhile, non-infected ones or those ignorant of their status would decrease theirs, the result of which, on the equilibrium level of infection, is uncertain. Simulations from a simple dynamic model show how to generate the Philipson-Posner conjecture, i.e., that disclosure of HIV status may result in higher disease prevalence. In this benchmark case, testing would also lower welfare. Those results, however, appear to be fragile. In particular, very little altruism seems needed for testing to become beneficial, and …
Big Mac Parity, Income, And Trade, Sergio Da Silva, Sidney Caetano, Guilherme Moura
Big Mac Parity, Income, And Trade, Sergio Da Silva, Sidney Caetano, Guilherme Moura
Sergio Da Silva
Nontraded inputs account for the lion's share of a Big Mac price. Major departures from Big Mac PPP may then be explained by the Balassa−Samuelson income differences effect. But it has been argued that that result is not robust to changing estimation methods, sample of countries, and time period. Here we address a key theoretical distinction between high and low income countries for the Balassa−Samuelson effect to be properly evaluated. We revisit previous findings and take a sample that is distinct in terms of both set of countries and time period. We find that distinguishing high from low income makes …
Grandmother’S Syncretic Hinduism Caught In The Whirlwind Of Vhp’S Sectarianism, Vikas Kumar
Grandmother’S Syncretic Hinduism Caught In The Whirlwind Of Vhp’S Sectarianism, Vikas Kumar
Vikas Kumar
No abstract provided.
Determinants Of Consumers’ Use Of Nutritional Food Labels, Andreas Drichoutis, Panagiotis Lazaridis, Rodolfo M. Nayga, Jr.
Determinants Of Consumers’ Use Of Nutritional Food Labels, Andreas Drichoutis, Panagiotis Lazaridis, Rodolfo M. Nayga, Jr.
Andreas Drichoutis
No abstract provided.
Private Control, Competition, And The Performance Of Telephone Firms In Less Developed Countries, Bruno E. Viani
Private Control, Competition, And The Performance Of Telephone Firms In Less Developed Countries, Bruno E. Viani
Bruno E. Viani
Firm-level data of 23 public telephone firms from less developed countries is used to compare the operating performance under private and state control in the period 1986-2001. Fixed-effects estimation indicates that privately controlled firms exhibit higher productive efficiency than their state counterparts after controlling for monopoly conditions, income level, and the scale of the firm’s fixed telephone network. This strongly supports the property rights theory of the firm even under the limited private property protection that less developed countries offer. On the other hand, public telephone firms that face competition on basic services and from wireless firms tend to exhibit …
Bad Politicians, Francesco Caselli, Massimo Morelli
Bad Politicians, Francesco Caselli, Massimo Morelli
Massimo Morelli
No abstract provided.
Las Nuevas Estrategias De Los Desarrollos Portuarios En Europa, Fernando González-Laxe
Las Nuevas Estrategias De Los Desarrollos Portuarios En Europa, Fernando González-Laxe
Fernando González-Laxe
No abstract provided.
Dominance In College Football And The Role Of Scholarship Restrictions, Katie Baird
Dominance In College Football And The Role Of Scholarship Restrictions, Katie Baird
Katie Baird
This article examines the relationship between player compensation in college football and competitive balance on the field. It shows that National Collegiate Athletic Association rule changes restricting football-player compensation are not associated with an improvement in football's competitive balance. Although college football is marginally more balanced than professional sports in any given year, an examination of cumulative records spanning numerous seasons proves college football to be as unbalanced as professional sports. The movement toward reducing player compensation, coincident with an increasing value to player talent, raises issues over how the financial gain from college football talent should be used. The …