Digital Commons Network^™

Mental Health And Employment Transitions, Carole Gresenz, Roland Sturm

Roland Sturm

No abstract provided.

Does Relative Deprivation Predict The Need For Mental Health Services?, Christine Eibner, Carole Gresenz, Roland Sturm

Roland Sturm

No abstract provided.

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.

Why Experimental Finance?, Shyam Sunder

Shyam Sunder

No abstract provided.

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

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

John Donohue

No abstract provided.

Does Relative Deprivation Predict The Need For Mental Health Services?, Christine Eibner, Carole Gresenz, Roland Sturm

Carole Roan Gresenz

No abstract provided.

The Role Of Intra-Industry Trade In The Service Sector, Robert Shelburne, Jorge Gonzalez

Jorge Gonzalez

The role of intra-industry trade (IIT) in the service sector is examined. Methodological issues in calculating IIT indexes for the service sectors are discussed. A new generalized index for dealing with the negative numbers that are often present in the data is provided. The different hierarchical structure of the services data provided by the OECD and the US BEA are discussed. The factors that explain the level of services IIT across countries are explored, as well as the factors that affect the level of IIT in U.S. bilateral trade with other nations.

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 …

Economic And Trade Cooperation, Shyam Sunder

Shyam Sunder

No abstract provided.

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

Mireille Jacobson

No abstract provided.

A Suite Deal, Scott J. Wallsten

Scott J. Wallsten

No abstract provided.

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

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

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

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

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

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

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

ULRICH KAISER

No abstract provided.

Mental Health And Employment Transitions, Carole Gresenz, Roland Sturm

Carole Roan Gresenz

No abstract provided.

The Dual Role Of Market Power In The Big Push: From Evidence To Theory, Catherine De Fontenay

Catherine de Fontenay

No abstract provided.

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

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.

Mixed Equilibria Are Unstable In Games Of Strategic Complements, Aaron S. Edlin, Federico Echenique

Aaron Edlin

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

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 …

Delivering Legality On The Internet: Developing Principles For The Private Provision Of Commercial Law, Gillian K. Hadfield

Gillian K Hadfield

No abstract provided.