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Economics

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1989

Articles 1 - 7 of 7

Full-Text Articles in Social and Behavioral Sciences

A Fresh Look At The Rotten Kid Theorem, Ted Bergstrom Sep 1989

A Fresh Look At The Rotten Kid Theorem, Ted Bergstrom

Ted C Bergstrom

Gary Becker's ``Rotten Kid Theorem'' asserts that if all family members receive gifts of money income from a benevolent household member, then even if the household head does not precommit to an incentive plan for family members, it will be in the interest of selfish family members to maximize total family income. We show by examples that the Rotten Kid theorem is not true without assuming transferable utility. We find a simple condition on utility functions that is necessary and sufficient for there to be the kind of transferable utility needed for a Rotten Kid Theorem. While restrictive, these conditions …

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The Effects Of Cohort Size On Marriage Markets In Twentieth Century Sweden, Ted Bergstrom, David Lam Sep 1989

The Effects Of Cohort Size On Marriage Markets In Twentieth Century Sweden, Ted Bergstrom, David Lam

Ted C Bergstrom

Large, short-run fluctuations in the birth rate have been an important demographic feature of industrialized, low-fertility populations in the twentieth century. Since females normally marry men who are two or three years older than themselves, these fluctuations result in large imbalances between the size of male and female cohorts who would normally marry each other. These imbalances must somehow be resolved, either by a change in traditional patterns of age at marriage or by changes in the proportions of the population of one sex or the other who ever marry.

Following a suggestion of Becker (1974,1981), we have developed a …

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Creating (& Destroying) Comparative Trade Advantage, Peter Navarro May 1989

Creating (& Destroying) Comparative Trade Advantage, Peter Navarro

PETER NAVARRO

No abstract provided.

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Small Business Start-Ups In The United States: Estimates Of The Effects Of Characteristics Of States, Timothy Bartik Dec 1988

Small Business Start-Ups In The United States: Estimates Of The Effects Of Characteristics Of States, Timothy Bartik

Timothy J. Bartik

No abstract provided.

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Job Security And Work Force Adjustment: How Different Are U.S. And Japanese Practices?, Katharine Abraham, Susan Houseman Dec 1988

Job Security And Work Force Adjustment: How Different Are U.S. And Japanese Practices?, Katharine Abraham, Susan Houseman

Susan N. Houseman

No abstract provided.

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Love And Spaghetti, The Opportunity Cost Of Virtue, Ted Bergstrom Dec 1988

Love And Spaghetti, The Opportunity Cost Of Virtue, Ted Bergstrom

Ted C Bergstrom

This paper was written in the form of two puzzles. One puzzle concerns Romeo and Juliet who love spaghetti and each other. They wear flimsy clothing and have abdominal hedonimeters. The other puzzle asks who benefits from tax deductions to the rich for charitable deductions.

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Value Of Children In Compensation For Wrongful Death, William Rieber, Euston Quah Dec 1988

Value Of Children In Compensation For Wrongful Death, William Rieber, Euston Quah

William Rieber

The purpose of this paper is primarily to offer an economic perception of the loss involving the wrongful death of children. Unfortunately, little or no attention thus far has been directed to the question of what ought to be the basis of compensation, and many of the sums awarded by courts do not bear any relation to the value of the child that is lost.

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