The Regional Welfare Effects Of Tariff Reductions On Textile Products, Joseph Pelzman, Randolph C. Martin

Joseph Pelzman

No abstract provided.

Labor Relations In Maine 1971-1982, Bureau Of Labor Standards

Maine Collection

Labor Relations in Maine 1971-1982

Prepared by the Bureau of Labor Standards, Research & Statistics Division,

William A. Peabody, Director, April, 1983.

Contents: Authorization / Introduction / Narratives / Tables / Appendices

Stakes And Risks In Economic Sanctions, Joseph Pelzman, Tom Bayard, Jorge Perez-Lopez

Joseph Pelzman

No abstract provided.

The Benefits And Costs Of The Deferral Of U.S. Taxes On Retained Earnings Of Controlled Foreign Corporations, Joseph Pelzman, Don Rousslang

Joseph Pelzman

No abstract provided.

Economic Costs Of Tariffs And Quotas On Textile And Apparel Products Imported Into The United States: A Survey Of The Literature And Implications For Policies, Joseph Pelzman

Joseph Pelzman

No abstract provided.

Policy Issues In Work And Retirement, Herbert S. Parnes Editor

Upjohn Press

This is a collection of papers that focuses on the human resource implications of individual and population aging.

Ocs Leasing And Auctions: Incentives And The Performance Of Alternative Bidding Institutions, James W. Cox, R. Mark Isaac, Vernon L. Smith

Economics Faculty Articles and Research

In Watt v. Energy Action Educational Foundation, the Supreme Court rebutted a challenge to the federal government's mix of "nontraditional" outer continental shelflease-auction mechanisms authorized under the 1978 OCS Amendments. The issues of this case addressed here include: the economic intent of the congressional language; incentive properties of various of the authorized auction processes; methodological shortcomings inherent in the implicit congressional directive for field experimentation; and, the usefulness of laboratory experimental economics in answering relevant auction-policy questions. The discussion of experimental economics includes evidence already gained from laboratory experiments relating to hypotheses about auction-market performance

The Coase Theorem And The Psychology Of Common-Law Thought, Donald H. Gjerdingen

Articles by Maurer Faculty

The Coase Theorem is a simple proposition-in the absence of transaction costs, a Pareto optimal result will occur regardless of the initial placement of legal liability. Despite this apparent simplicity, however, Coase's economic parable has provoked intense debate in the legal community. Why does the theorem grate on the hardened intuitions of so many lawyers? The thesis of this Article is that a connection exists between the adoption or rejection of a given school of legal thought and the use of certain psychological constructs. Specifically, this Article argues that the constructs underlying the Coase Theorem are incompatible with those underlying …

The Generalized Theory Of Transfers And Welfare: Bilateral Transfers In A Multilateral World, Jagdish N. Bhagwati, Richard A. Brecher, Tatsuo Hatta

Faculty Scholarship

Paul Samuelson's (1952, 1954) classic papers on the transfer problem addressed two separate analytical issues: the "positive" effect of a transfer on the terms of trade; and the welfare effect of the transfer on the donor and the recipient.

Since then, a considerable body of literature has grown up on the positive analysis. While Samuelson (1954) himself had extended the 2 X 2 X 2 free trade analysis to allow for tariffs and transport costs, subsequent writers have analyzed other extensions of the model: for example, to allow for nontraded goods as with leisure in Samuelson (1971); or general nontraded …

Licensure Of Health Care Professionals: The Consumer's Case For Abolition, Charles Baron

Charles H. Baron

While state medical licensure laws ostensibly are intended to promote worthwhile goals, such as the maintenance of high standards in health care delivery, this Article argues that these laws in practice are detrimental to consumers. The Article takes the position that licensure contributes to high medical care costs and stifles competition, innovation and consumer autonomy. It concludes that delicensure would expand the range of health services available to consumers and reduce patient dependency, and that these developments would tend to make medical practice more satisfying to consumers and providers of health care services.