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Articles 1 - 25 of 25

Full-Text Articles in Social and Behavioral Sciences

The Sherman Act And The Balance Of Power, David K. Millon Dec 2012

The Sherman Act And The Balance Of Power, David K. Millon

David K. Millon

None available.


New Game Plan Or Business As Usual? A Critique Of The Team Production Model Of Corporate Law, David K. Millon Dec 2012

New Game Plan Or Business As Usual? A Critique Of The Team Production Model Of Corporate Law, David K. Millon

David K. Millon

None available.


U.S. Monetary Policy: Qe3, Warren Coats Dec 2012

U.S. Monetary Policy: Qe3, Warren Coats

Warren Coats

The Federal Reserve’s latest round of quantitative easing (QE3) is not likely to help the U.S. economy’s recovery, which is already underway, but increases the risks of new asset bubbles and inflation.


The Economics Of Open Source, Christopher H. Hoebeke Nov 2012

The Economics Of Open Source, Christopher H. Hoebeke

Christopher H Hoebeke

No abstract provided.


Disparities In Globalization Of The World Economies, Sudhanshu K. Mishra, Binod Kumar Oct 2012

Disparities In Globalization Of The World Economies, Sudhanshu K. Mishra, Binod Kumar

Sudhanshu K Mishra

This paper constructs composite indices of globalization of 131 countries spread over the five continents and classified into World-I, World-II and World-III countries. KOF, the Business Cycle Research Institute in the Swiss Federal Institute of Technology, Zurich is the source of data used in this study. The Composite Indices of Globalization have been computed by Pena’s method, which attributes the most desirable properties to the indices so constructed. On the basis of these indices, the paper investigates into the trends of globalization and disparities in globalization for a period of 11 years (1999-2009). Disparities have been obtained as the Gini’s …


Veblen Effect, Search For Status Goods, And Negative Utility Of Conspicuous Leisure., Sergey V. Malakhov Sep 2012

Veblen Effect, Search For Status Goods, And Negative Utility Of Conspicuous Leisure., Sergey V. Malakhov

Sergey Malakhov

When expected savings on purchases are greater than the wage rate, the optimal search results in the negative marginal utility of leisure. The search transforms the classical backward bending effect and the leisure becomes complementary to the search. Consumers compensate “bad” leisure by status goods of exceptional quality on markets with high price dispersion. Status consumption complements “bad” conspicuous leisure and produces the Veblen effect as well as the “gardening aboard the boat” effect.


Corporate Legitimacy, Economic Theory, And Legal Doctrine, Richard M. Buxbaum Sep 2012

Corporate Legitimacy, Economic Theory, And Legal Doctrine, Richard M. Buxbaum

Richard M. Buxbaum

No abstract provided.


Prospects In The Academic Labor Market For Economists, Ronald G. Ehrenberg Aug 2012

Prospects In The Academic Labor Market For Economists, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] American colleges and universities are increasingly substituting nontenure track full-time and part-time faculty for full-time tenured and tenure track faculty. Moreover, institutions of public higher education, where almost two-thirds of the full-time faculty members at four-year institutions are employed, are under severe financial pressure. The share of state budgets devoted to public higher education is declining. The salaries of economics department faculty members at public higher education institutions have fallen substantially relative to the salaries of their counterparts at private higher education institutions, and it is becoming increasingly difficult for the publics to compete for top faculty in economics. …


My Life And Economics, Ronald G. Ehrenberg Aug 2012

My Life And Economics, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] Age 51 is a bit early to be writing a retrospective about one's career as an economist and one's life. This is especially true for me since I am not on track to win a Nobel Prize, to be admitted to the National Academy of Science, or even to be elected a Fellow of the Econometric Society. Nonetheless, as I write this essay during the fall of 1997, I look back on the 28 years I have spent as a PhD economist and see a record of accomplishment of which I am proud and a number of messages worth …


Policy Decisions And Research In Economics And Industrial Relations: An Exchange Of Views: Comment, Ronald G. Ehrenberg, Daniel S. Hamermesh, George E. Johnson Jul 2012

Policy Decisions And Research In Economics And Industrial Relations: An Exchange Of Views: Comment, Ronald G. Ehrenberg, Daniel S. Hamermesh, George E. Johnson

Ronald G. Ehrenberg

[Excerpt] John Dunlop has presented what are certainly some of the most provocative remarks to appear in a scholarly journal in the labor field in many years. We find much to agree with in his remarks; however, we also find many areas where we feel he condemns research because of his overly optimistic expectations about its ability to contribute to the policy process, and other areas where he appears to be unaware that research in labor economics has already contributed fairly directly to policy decisions.


Involving Undergraduates In Research To Encourage Them To Undertake Ph.D. Study In Economics, Ronald G. Ehrenberg Jul 2012

Involving Undergraduates In Research To Encourage Them To Undertake Ph.D. Study In Economics, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] Recent evidence suggests that the growing use of part-time and full-time non-tenure-track faculty nationwide adversely influences American college students’ graduation rates (Ehrenberg and Liang Zhang, 2005). I have become concerned that the increased usage of non-tenure track faculty members also likely adversely influences the propensity of undergraduate students to go on for Ph.D.s in economics for two reasons. First, many students enter college with the expressed intent of becoming doctors or lawyers, getting an MBA, or going on for advanced degrees in the sciences or humanities. However, with the exception perhaps of the small number of high-school students who …


Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid May 2012

Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid

Muhammad Irfan Chani

This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series …


All The Incentives Are Here, David Thomas May 2012

All The Incentives Are Here, David Thomas

David Chandler Thomas, PhD

A book review of the Bethany McLean and Joe Nocera 2010 book, All the Devils Are Here.


Review Of Robert Frank's Darwin Economy, Ted C. Bergstrom Apr 2012

Review Of Robert Frank's Darwin Economy, Ted C. Bergstrom

Ted C Bergstrom

This is a short book review of Frank's ``Darwin Economy''.


Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan Apr 2012

Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan

Muhammad Irfan Chani

This study aims to investigate the role that various socioeconomic factors like female education, urbanization and female labour force participation play in determining fertility of women in Pakistan. ARDL bound test approach to cointegration is used to analyze the long-run relationship of the variables by using the data for the period from 1980 to 2009. The empirical results show that there exists a long-run as well as short-run relationship between fertility and urbanization, female labour force participation and female education in Pakistan. The analysis indicates there is a negative relationship between all 3 determinants with fertility. Female education and urbanization …


A Comparative Study Of Trends In Globalization Using Different Synthetic Indicators, Sudhanshu K. Mishra Apr 2012

A Comparative Study Of Trends In Globalization Using Different Synthetic Indicators, Sudhanshu K. Mishra

Sudhanshu K Mishra

Using the KOF data at the annual level, we construct ten different composite indices for comparing the extent of globalization of 131 countries for eleven years, 1999-2009. We compare the different indices of globalization among themselves and also with the Dreher-KOF index of globalization and find that among the different indices the Dreher-Chebyshev index is the most representative one. Among the countries, we concentrate on the trends in globalization of India and her neighboring countries, Bangladesh, China, and Pakistan.


Must Economics Always Determine Academic Destiny? Achievement Across Time In Two Academically Equivalent But Socioeconomically Diverse Same City Catholic Schools, Roseanne L. Williby, John W. Hill Apr 2012

Must Economics Always Determine Academic Destiny? Achievement Across Time In Two Academically Equivalent But Socioeconomically Diverse Same City Catholic Schools, Roseanne L. Williby, John W. Hill

John W. Hill

The study analyzed the pretest-posttest results of high stakes test scores, absence frequencies, and high school eligibility cut scores of students who completed fourth-grade through eighth-grades in two academically equivalent but socioeconomically diverse same city Catholic schools. Study outcomes were compared for a naturally formed group of students (n = 28) who had completed fourth-grade through eighth-grades in an urban Catholic school representing fewer family socioeconomic advantages and 40% eligibility for free and reduced price lunch program participation and tuition assistance and a randomly selected group of students (n = 28) completing fourth-grade through eighth-grades in a suburban Catholic school …


A Paradox Of Little Pre-Purchase Search For Durables: The Trade-Off Between Prices, Product Lifecycle, And Savings On Purchases, Sergey V. Malakhov Apr 2012

A Paradox Of Little Pre-Purchase Search For Durables: The Trade-Off Between Prices, Product Lifecycle, And Savings On Purchases, Sergey V. Malakhov

Sergey Malakhov

The paper describes the microeconomic trade-off between prices, savings on purchases, and the time horizon of the consumption-leisure choice during the search for different products. When marginal costs of the search are equal to its marginal benefit, the time of search is proportional to products’ lifecycles and it is inversely proportional to willingness to pay.


A Comparison Of Anti-Manipulation Rules In U.S. And Eu Electricity And Natural Gas Markets: A Proposal For A Common Standard, Shaun D. Ledgerwood, Dan Harris Apr 2012

A Comparison Of Anti-Manipulation Rules In U.S. And Eu Electricity And Natural Gas Markets: A Proposal For A Common Standard, Shaun D. Ledgerwood, Dan Harris

Shaun D. Ledgerwood

In this paper, we describe the development and current status of anti-manipulation rules as they apply to wholesale electricity and natural gas markets in the United States and the European Union, including the institutions that are responsible for overseeing these rules. We then compare and contrast these jurisdictions to discuss similarities, differences, and potential gaps in coverage within and across their internal markets. We note that while the behavior prohibited by the U.S. and EU statutes is remarkably similar, there is in fact no common standard for defining market manipulation. The absence of a common EU/U.S. framework for examining manipulative …


Prolegómenos Sobre Análisis Económico Del Derecho Y Política Criminal, Javier Fernando Quiñones Mar 2012

Prolegómenos Sobre Análisis Económico Del Derecho Y Política Criminal, Javier Fernando Quiñones

Javier Fernando Quiñones

Una breve reflexión sobre análisis económico del derecho y sistema de justicia penal.


La Demostración Jurídica Y Económica: Similitudes Interdisciplinarias Entre Hipótesis, Causas, Efectos Y Normas. La Norma Económica., José Manuel Martin Coronado Feb 2012

La Demostración Jurídica Y Económica: Similitudes Interdisciplinarias Entre Hipótesis, Causas, Efectos Y Normas. La Norma Económica., José Manuel Martin Coronado

José-Manuel Martin Coronado

Hace unos días leí una entrada de blog de un joven abogado de una conocida universidad y (aparentemente) funcionario público, la cual trataba de una aparente metodología para la resolución de casos. Dado el especial interés del autor por el tema metodológico, bastante ausente entre los profesionales del derecho, creí conveniente felicitar su iniciativa. No obstante, también había un elemento de crítica, el relativo a la metodología bastante antigua y poco práctica en términos modernos (actualización, adaptabilidad, amparo informático, etc.). 1.2. Al parecer la crítica fue interpretada como algo más fuerte que la felicitación, aun cuando reitero, el citado autor …


Rummaging Through The Bottom Of Pandora’S Box: Funding Predatory Pricing Through Contemporaneous Recoupment, Shaun D. Ledgerwood, Wesley J. Heath Jan 2012

Rummaging Through The Bottom Of Pandora’S Box: Funding Predatory Pricing Through Contemporaneous Recoupment, Shaun D. Ledgerwood, Wesley J. Heath

Shaun D. Ledgerwood

Predatory pricing doctrine is currently a dead area of the law. To proceed beyond summary judgment, a plaintiff must prove the predation created a "dangerous probability" of supracompetitive pricing as the mechanism for recouping the losses “invested” in the predation. This requires proof that the predator sold products below its average variable cost and raised an entry barrier that ultimately enabled the recoupment of profits at some later time. We offer an alternative to this two-phased recoupment model. In this paper we show that a multiproduct retailer can target loss leading behavior in a market segment to punish or eliminate …


Community Based Research-Vancouver Rent Bank, Nisha Malhotra Jan 2012

Community Based Research-Vancouver Rent Bank, Nisha Malhotra

Nisha Malhotra

As part of UBC’s initiative to facilitate community-based learning, this course gave students the option of participating in a research project that helps a non-profit organization gain better understanding of a specific issue. Whereas most undergraduate economic curricula focus on theory or data analysis, Community-Based Research (CBR) lets students use their theoretical knowledge and analytical skills to help people in their own community


Wind Energy Economics: Potential Economic Development In West Michigan, Paul Isely Ph.D., Yue Fan, Erik Edward Nordman Ph.D.. Dec 2011

Wind Energy Economics: Potential Economic Development In West Michigan, Paul Isely Ph.D., Yue Fan, Erik Edward Nordman Ph.D..

Erik Edward Nordman

Economic analyses conducted by the West Michigan Wind Assessment indicate that wind energy development could generate economic benefits and new employment in West Michigan; however, much of the economic activity occurs during construction and the local benefits depend on how many turbine parts are manufactured locally. As the wind industry grows in Michigan, a higher portion of the spending to construct new wind facilities could remain in the state.


A Great Recession In Economics?, Sergio Da Silva Dec 2011

A Great Recession In Economics?, Sergio Da Silva

Sergio Da Silva

The number of downloads of economics articles through the repository RePEc showed a sharp drop on the eve of the Great Recession in the economy. This unambiguously occurred with the Blue Ribbon journals, but can possibly be extended to other important journals. If we can perhaps talk of a great recession in economics, in the sense of a general lack of interest in reading economics papers, this may have been part of the overall bearish mood of the time.