Digital Commons Network^™

Impacts Of The Extended-Weight Coal Haul Road System, Jerry G. Pigman, Joseph D. Crabtree, Kenneth R. Agent, R. Clark Graves, John A. Deacon

Kentucky Transportation Center Research Report

The Extended-Weight Coal Haul Road System, created by the Kentucky Legislature in 1986, consists of all roads which carry over 50,000 tons of coal in a calendar year. Trucks hauling coal on this system are authorized to exceed normal weight limits through the payment of an annual decal fee. A research study was initiated in July of 1992 to analyze the impacts of the extended-weight system.

Analyses in this report are based on the following: historical data on coal production and transportation: data from coal decal applications; interviews of legislators. transportation officials. coal company representatives. and coal trucking representatives: newspaper …

Knowledge And Meliorism In The Evolutionary Theory Of F. A. Hayek, Mufil Sabooglu, Richard N. Langlois

Economics Working Papers

No abstract available.

Explaining Recent Connecticut Bank Failures, Stephen M. Miller

Economics Working Papers

Significant numbers of U.S. commercial bank failures in the late 1980s and early 1990s raise important questions about bank performance. We develop a failure-prediction model for Connecticut banks to examine events in 1991 and 1992. We adopt data envelopment analysis to derive measures of managerial efficiency. Our findings can be briefly stated. Managerial inefficiency does not provide significant information to explain Connecticut bank failures. Portfolio variables do generally contain significant information.

International Law, Industrial Location, And Pollution, Duane Chapman, Jean Agras, Vivek Suri

Indiana Journal of Global Legal Studies

The dominant position of economists on trade and environment is that

increasing trade raises living standards, which provide the economic

basis for reduced pollution. Professors Chapman, Agras, and Suri

present a perspective that raises very different points. First, the dramatic

growth of manufacturing in East Asia for global markets is

based entirely (or nearly so) on the importation of processed

pollution-intensive raw materials. For a typical product in this global

system, a U.S. consumer purchasing an Asian product made from

imported resources benefits from a lower price and a cleaner local

environment; however, energy use and pollution associated with the …

An Empirical Analysis Of The Welfare Magnet Debate Using The Nlsy, Phillip B. Levine, David J. Zimmerman

Economics Faculty Scholarship

This paper examines the extent to which differences in welfare generosity across states leads to interstate migration. Using microdata from the National Longitudinal Survey of Youth (NLSY) between 1979 and 1992, we employ a quasi-experimental design that utilizes the categorical eligibility of the welfare system. The pattern of cross-state moves among poor single women with children who are likely to be eligible for benefits is compared to the pattern among other poor households. We find little evidence indicating that welfare-induced migration is a widespread phenomenon.

An Evaluation Of The Toll Ring In Oslo, Norway, Lars Eide

Student Work

This thesis investigates the possible short-run economic gains from implementing a different system of road pricing in Oslo, Norway. Oslo is the largest city in Norway, with a population of 450,000 inhabitants. First, the existing cordon toll ring that forces all inbound traffic to pay a flat toll to enter the central business district 24 hours a day is described. Second, the literature on optimal road pricing is investigated. Third, the flat tariff toll system is compared to two differentiated pricing systems that better reflect the costs imposed by drivers on society. When the loss of surplus and gains because …

Transaction Costs, Production Costs, And The Passage Of Time, Richard N. Langlois

Economics Working Papers

No abstract available.

Towards Improved Competitiveness Of The Economies Of The West African Economic And Monetary Union, E. O. Akinnifesi

CBN Occasional Papers

As is well known, a monetary union with a common currency confers on its members the advantage of fixed exchange rate and consequent relative price stability. While these advantages held sway up to the mid-1980s in the case of the seven member countries of the CEA franc zone in West Africa, the vulnerability of the zone to external shocks became manifest from the second half of the 1980s. Fairly persistent overvaluation of the CEA franc over time had weakened the competitiveness of the export sector leading to several economic problems including domestic and external debt arrears, capital flight, and negative …

Procrustean Jurisprudence: An Austrian School Economic Critique Of The Separation And Regulation Of Liberties In The Twentieth Century United States, Joseph Becker

Northern Illinois University Law Review

Holmes' dissent in Lochner disparaging economics as a touchstone for liberty started this nation down the procrustean path of jurisprudiential disaster. Soon thereafter, the United States Supreme Court began separating so-called economic liberties from those later "identified" as fundamental. Ludwig Von Mises, Austrian School economist, foresaw that "as soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug." This article, relying upon principles of Mises, Rothbard, and other Austrian School economists, argues that separation of economic and fundamental liberties is scientifically impossible and concludes that the …

Strange Economics Of Land Use Law: From Euclid To Euclid, Ronald S. Cope

Northern Illinois University Law Review

This article reviews some of the major cases of twentieth century land use law. The author points out that even if an economic analysis is applied to Dolan v. City of Tigard, Dolan was in a better economic position with the required exactions and therefore there was really no taking. In addition, the author contends that the responsibility for the burden of increased public improvement should rest with those who are in fact creating the need.

Frauds, Markets, And Fraud-On-The-Market: The Tortured Transition Of Justifiable Reliance From Deceit To Securities Fraud, Nicholas L. Georgakopoulos

University of Miami Law Review

No abstract provided.

Critique Of Current Congressional Capital Gains Contentions, John W. Lee

Faculty Publications

No abstract provided.

Forecasting And Analyzing Economic Activity With Coincident And Leading Indexes: The Case Of Connecticut, Pami Dua, Stephen M. Miller

Economics Working Papers

We develop coincident and leading employment indexes for the Connecticut economy. Four employment-related variables enter the coincident index while five employment-related variables enter the leading index. The peaks and troughs in the leading index lead the peaks and troughs in the coincident index by an average of 3 and 9 months. Finally, we use the leading index in vector-autoregressive (VAR) and Bayesian vector-autoregressive (BVAR) models to forecast the coincident index, nonfarm employment, and the unemployment rate.

Risk Regulations And Its Hazards, Stephen F. Williams

Michigan Law Review

A Review of Breaking the Vicious Circle: Toward Effective Risk Regulation by Stephen Breyer

Imperfect Alternatives: Choosing Institutions In Law, Economics, And Public Policy, David A. Luigs

Michigan Law Review

A Review of Imperfect Alternatives: Choosing Institutions in Law, Economics, and Public Policy by Neal K. Komesar

Striker Replacements: A Law, Economics, And Negotiations Approach, Rafael Gely, Leonard Bierman

Faculty Publications

In this article, we directly attack Professors Wachter and Cohen's assertion regarding the economic efficiency of the Mackay doctrine. Applying internal and external labor market analysis, we argue that the Mackay doctrine is economically inefficient because it allows employers to behave “opportunistically” with respect to employees that have made “firm-specific” investments in their employing firms. To remedy this problem we propose a new “negotiations approach,” the components of which are: (1) the statutory overruling of Mackay, and (2) the concomitant amendment of the NLRA to make the striker replacement issue a “mandatory” subject of collective bargaining.

The Benefit Of Additional High School Math And Science Classes For Young Men And Women, Phillip B. Levine, David J. Zimmerman

Economics Faculty Scholarship

This paper examines the effects of taking more high school math and science classes on wages, the likelihood of entering a technical job or a job traditional for one's sex, and the likelihood of choosing a technical college major or a major traditional for one's sex. Results from two data sets show that taking more high school math increases wages and increases the likelihood of entering technical and nontraditional fields for female college graduates. No significant impact from taking more high school math is consistently observed for other workers and high school science courses have little effect on these outcomes.

Title Page And Editorial Board

The Park Place Economist

No abstract provided.

Puerto Rican Politics In The United States: A Preliminary Assessment, José E. Cruz

New England Journal of Public Policy

This article examines the following question: What characterizes Puerto Rican political development and what promise does electoral politics hold for Puerto Ricans in the United States? Its central premise is that an analytical framework which focuses on economic deprivation and racial prejudice is partial and inadequate to an understanding of the political experience of Puerto Ricans. Throughout the years, mainland Puerto Ricans have moved in and out of the political stage holding the banners of anti-colonialism, separatism, incorporation, and ethnic identity in search of vantage points from which they can satisfy their cultural, social, and economic needs. Despite the Airbus …

An Evaluation Of Limited Equity Housing Cooperatives In The United States, Gerald Sazama, Roger Willcox

Economics Working Papers

Limited equity cooperatives (LECs) are evaluated within the following framework: 1) the effect of resident participation on operating costs, 2) the disutility of time and effort that members devote to co-op activities, 3) the intangible benefits of co-op living, 4) the degree of subsidization, and 5) the financial viability of LECs. As a result of information gathered from interviews of field practitioners and academic experts, the authors' personal experiences, and a review of the literature, LECs are seen as an effective way of providing home-ownership opportunities for low-income families the United States.

The Effect Of Medicaid Abortion Funding Restrictions On Abortions, Pregnancies, And Births, Phillip B. Levine, Amy B. Trainor, David J. Zimmerman

Economics Faculty Scholarship

This paper considers whether state Medicaid abortion funding restrictions affect the likelihood of getting pregnant, having an abortion, and bearing a child. Aggregate, state-level data and microdata from the National Longitudinal Survey of Youth (NLSY) are applied in the empirical work. Changes in laws resulting from Supreme Court decisions create a natural experiment which is utilized to examine fertility behavior. Multivariate models controlling for state and, in the NLSY, personal characteristics are also estimated using alternative fixed effect specifications. We find that Medicaid funding restrictions are associated with a reduction in both the number of abortions and pregnancies, resulting in …

Doing Good And Welfare Dependency, Beryl Hugen

Pro Rege

No abstract provided.

Winter Institute Program [1995], St. Cloud State University

Programs and Other Publications

The Winter Institute celebrates economic education by providing programming for K-12 educators as well as a general audience

The Importance Of The Tax System In Determining The Marginal Cost Of Funds, Shaghil Ahmed, Dean D. Croushore

Economics Faculty Publications

Examines the effect on the marginal cost of public funds of 2 alternative ways in which the tax schedule can be altered: one that maintains the progressivity of the tax schedule and another that rotates the tax schedule. Calculates values of these marginal-cost-of-funds concepts for plausible ranges of key parameters.

A Comparison Of Sex-Type Of Occupational Aspirations And Subsequent Achievement, Phillip B. Levine, David J. Zimmerman

Economics Faculty Scholarship

This article further explores the connection between the sex-type of a girl's occupational aspirations and the sex-type of her subsequent occupation achieved in the labor market. The authors replicate previous work by Jerry Jacobs and build on it by using more recent data and an alternative methodology to address this issue. Two cohorts of data from the National Longitudinal Surveys are employed to estimate transition probability matrices between the sex-types of aspired occupations and the sex-types of achieved occupations. Then, multivariate models of the probability of entering a traditional (i.e., female-dominated) or nontraditional (i.e., male-dominated) occupation are estimated. The authors …

An Economic Profile Of Women In Massachusetts, Randy Albelda

Publications from the Center for Women in Politics and Public Policy

This report provides a profile of women's current economic position in Massachusetts. It examines the age, race, and geographical distribution of women and girls across the state; family structure, income and poverty; and women's labor force participation, occupational and industrial distribution in jobs, and earnings. When relevant 1990s Massachusetts data are compared to national data and to Massachusetts data from the 1970s.

Women across the Commonwealth have experienced tremendous changes in their lives over the last two decades as a result of changes in the economy and family structure. For women, the changes provide new opportunities, but they also exacerbate …

Women In Law, Barb Kube '94

The Park Place Economist

As mentioned earlier, the Bergmann model predicts that female and male lawyers will be segregated into different areas of practice. If this is the case, what are the forces behind this sector-specific segregation? On the supply side, Becker relies on the Neoclassical theories of utility maximization and human capital theory. These theories suggest that an increase in the store of human capital through training and education will be undertaken by the employee or provided by the employer if the benefits exceed the cost.

A Competitive Framework For Pricing Interconnection In A Global Telecommunications Market, Mark A. Jamison

Denver Journal of International Law & Policy

No abstract provided.

The Economic Impact Of Field Shelterbelts In The Northern Great Plains, James R. Brandle

School of Natural Resources: Faculty Publications

No abstract provided.

Landowners' Perceptions Related To Wetland Regulatory Policy On Coastal Louisiana., Paul Dean Coreil

LSU Historical Dissertations and Theses

In an effort to learn more about coastal landwners' perceptions related to wetland regulatory policy, descriptive study was conducted using a mailed survey design. Coastal wetland landowners' perceptions in three Louisiana coastal parishes (Cameron, Terrebonne, and St. Bernard) were assessed and comparisons were made by parish and by land size group (small and large). The overall response rate for the study was approximately 60% (n = 209). Study conclusions included the following: (1) The federal Section 404 wetland permitting program and the state Coastal Use Permitting program are perceived as less than adequate. (2) State assumption of federal wetland permitting …