Social and Behavioral Sciences Commons^™

Unlike Most Top 100 Cities, Providence Losing Population, Chester Smolski

Smolski Texts

"Given the recent history of population decline in Providence and other large cities throughout New England, one might think that major cities throughout the country are also losing population. Not so."

Grain Market Expectations, Richard Shane

Economics Commentator

No abstract provided.

Cattle Outlook, Gene E. Murra

Economics Commentator

No abstract provided.

1988 Drought Effect On The Economy, Lynn Selzle-Wolters, Burton Pflueger

Economics Commentator

No abstract provided.

Rural Development Policy Workshop, Ardelle A. Lundeen

Economics Commentator

No abstract provided.

Wanted: Live-In Teachers, Chester Smolski

Smolski Texts

"Boston, Chicago, Philadelphia, Detroit and Cleveland all have it--a residency requirement--and so does Providence. Having to live in the city for which you work has been deemed to be an important measure in helping to bring people back into the city, and that was the reason it was included in the 1980 Home Rule Charter."

Expenditures And Receipts In State And Local Government Finances: Reply, Michael L. Marlow, Neela Manage

Economics

Chowdhury (1988) adopts an alternative technique to test for causality between expenditures and receipts of state and loyal governments and claims that he obtains results that are different from those reported in our 1987 paper (Marlow and Manage, 1987). We disagree with many of his criticisms. In this reply, we argue that he misinterprets our results and policy implications and that his results are really not much different from ours; in fact, sometimes his results provide stronger support of our hypothesis.

Employment Decline I Timber Dependent Regions, Anthony M. Rufolo, James G. Strathman, Lois M. Bronfman

Center for Urban Studies Publications and Reports

Employment in the wood products industry in Oregon has declined over the past decade despite the resurgence in demand for the products of the industry in the last few years. Because of the dependency of rural regions on this industry, the Ford Foundation funded the authors to undertake a study of the causes and consequences of employment decline within the industry. Such information can contribute to the development of strategies for improving the economic viability of these regions.

Tunber dependent regions in Oregon fit the classic export-base model of economic development These areas produce wood products for export to other …

Nonparametric Tests Of Maximizing Behavior Subject To Nonlinear Sets, Rosa L. Matzkin

Cowles Foundation Discussion Papers

This paper extends the axiomatic theory of revealed preference to choices that are generated by the maximization of a strictly concave and strictly monotone function subject to nonlinear constraint sets. I characterize finite sets of observations on choice behavior that are consistent with the maximization of a strictly concave and strictly monotone objective function. Both nonconvex and convex choice sets are considered. The analysis applies, for example, to consumers who face either regressive or progressive taxes and to households that produce commodities according to either a convex or a concave production function. For choice sets that possess convex and monotone …

The Interaction Of Implicit And Explicit Contracts In Repeated Agenc, David G. Pearce, Ennio Stacchetti

Cowles Foundation Discussion Papers

Traditional agency theory assumes that the principal has no more information about the agent’s actions than the enforcement authorities have. This is unrealistic in many settings, and in repeated models, additional information possessed by the principal changes the nature of the problem. Such information can be used in implicit, self-enforcing contracts between principal and agent, that supplement the usual explicit contracts. This paper studies the way in which the two kinds of contracts are combined in constrained efficient equilibria of the agency supergame. The agent’s compensation is comprised of both guaranteed payments and voluntary bonuses from the principal. We give …

Reflections On Econometric Methodology, Peter C.B. Phillips

Cowles Foundation Discussion Papers

General issues about the methodology of empirical econometric research are discussed. It is argued that the most successful paradigms for applied work are the ones that have a capacity to survive and to evolve into more useful forms as these are needed. Paradigms that embrace progressive modeling principles, such as those espoused by David Hendry, seem most amenable to this criterion. It is also argued that econometric theory has a large role to play in helping us to understand the strengths and the weaknesses of a methodology and to codify what its prescriptions entail. The time series methodology of David …

The Environmental, Economic, And Social Impacts Of Resort Development And Tourism On Native Hawaiians, Jon Matsuoka, Terry Kelly

The Journal of Sociology & Social Welfare

Hawaii is currently undergoing major changes associated with land and industrial development. A shift in focus from agriculture to tourism has led to massive land development throughout the islands in order to accommodate this growing industry. The people affected most by these environmental changes are the indigenous people of Hawaii who exist in close harmony with the land and sea. As natural habitats are destroyed, fish and other food sources disappear. This has profound affects upon the behavior and practices of Hawaiian people who must look to other means for subsistence. Changes in the environment are inherently tied to changes …

The Income Elasticity Of Corporate Contributions, Peter Navarro

PETER NAVARRO

No abstract provided.

The Intendant, The Merchants, And Free Trade In Louisiana, 1778-1788, Brian E. Coutts

DLPS Faculty Publications

Spain acquired Louisiana from France in 1763 but was initially unsuccessful in integrating the distant colony into the Spanish commercial system. Encouraged by the colony’s chief financial officer, Intendant Martín Navarro, the Spanish Crown introduced legislation on January 22, 1782 to promote commerce. Free trade was to be permitted for ten years with designated ports in France. The liberal character of the code fostered the growth of numerous merchant companies in New Orleans who found markets for all of Louisiana’s exports in France, England and the French West Indies. Unfortunately, Spain continued to absorb all of the administrative costs for …

El Intendente, Los Comerciantes Y El "Comercio Libre" En Luisiana 1778-1788, Brian E. Coutts

DLPS Faculty Publications

Spain acquired Louisiana from France in 1763 but was initially unsuccessful in integrating the distant colony into the Spanish commercial system. Encouraged by the colony’s chief financial officer, Intendant Martín Navarro, the Spanish Crown introduced legislation on January 22, 1782 to promote commerce. Free trade was to be permitted for ten years with designated ports in France. The liberal character of the code fostered the growth of numerous merchant companies in New Orleans who found markets for all of Louisiana’s exports in France, England and the French West Indies. Unfortunately, Spain continued to absorb all of the administrative costs for …

Removing Impediments To Water Markets, B. Delworth Gardner

Faculty Publications

A few years ago it was mostly economists, notably those of a libertarian stripe who were advocating voluntary market exchanges of water in the West. Now these exchanges, or transfers as they are sometimes referred to, are being unabashedly recommended by water users, politicians, bureaucrats, and even environmental organizations, who have come to see their value for achieving a more efficient water allocation. Water markets are an idea whose time has finally arrived.

America's Rendezvous With Reality, Murray L. Weidenbaum

Murray Weidenbaum Publications

This piece deals with finding solutions to economic policy problems after the Reagan Administration.

Acute Care Bed Need In Maine: General Use Acute Care Facilities In Maine : Utilization, Occupancy Rates, And Bed Need Projected To 1990 And 1995, Stephen Greenberg

Maine Collection

Acute Care Bed Need in Maine: General Use Acute Care Facilities in Maine : Utilization, Occupancy Rates, and Bed Need Projected to 1990 and 1995

by Stephen Greenberg, Planning and Research Associate, Office of Data, Research, and Vital Statistics.

Prepared at the request of the Division of Planning, Bureau of Health, Maine Department of Human Services.

Produced under Appropriations 1310.4, 1305.1065 and 2210.2950 (November, 1988).

Contents: Overview and Discussion of Findings / Using the Data: An Example / List of Detailed Tables / Appendices

The Interaction Of Implicit And Explicit Contracts In Repeated Agency, Martin Shubik

Cowles Foundation Discussion Papers

This article deals with experimental games as they pertain to game theory. As such there is a natural distinction between experimentation with abstract games devoted to testing a specific hypothesis in game theory and games with a scenario from a discipline such as economics or political science where the game is presented in the context of some particular activity.

Review Of "The Adoption And Diffusion Of Imported Technology: The Case Of Korea" By J. L. Enos And W. H. Park, Larry E. Westphal

Economics Faculty Works

No abstract provided.

The Behavior Of Home Buyers In Boom And Post-Boom Markets, Robert J. Shiller, Karl E. Case

Cowles Foundation Discussion Papers

No abstract provided.

Money Demand And The Effects Of Fiscal Policies: A Comment, Farrokh Nourzad, James Mcgibany

Economics Faculty Research and Publications

No abstract provided.

Eight Communities Meet To Find And Foot Housing, Chester Smolski

Smolski Texts

"When resources are provided to local cities and towns to address housing problems, the results can be both innovative and productive. This was aptly demonstrated at a recent workshop on affordable housing.

The 150 attendees who went to Newport, one of the eight cities and towns that received grants to study the problem, were there to share recommendations on how to best address the Providence metropolitan area's lack of affordable housing."

South Dakota's Sustainable Agriculture Farmers, Donald C. Taylor, Thomas L. Dobbs

Economics Commentator

No abstract provided.

Financing Latin American Growth: Prospects For The 1990'S, International Conference

Archives of the Levy Economics Institute

Sponsored by the Levy Institute in cooperation with the National University of Mexico (UNAM) and Washington University with funding from the Ford Foundation.

Minnesota Housing Report [1988 4th Quarter], George R. Karvel Dr.

Minnesota Housing Reports

The Minnesota Housing Report is compiled on the basis of monthly housing reports furnished to the Minnesota Real Estate Research Center at St. Cloud State University. Funding to permit preparation of the Minnesota Housing Report is provided by the Educational Foundation of the Minnesota Association of REALTORS and St. Cloud State University.

The reports are supplied by fourteen cooperating local real estate boards representing 71.5 percent of Minnesota's population. The boards represent various areas of the state and thus provide a picture of housing diversity between regions as well as housing trends within regions.

Information presented for the state or …

Legislating Infitah: Investment, Currency, And Foreign Trade Laws, Khaled Mahmoud Fahmy

Faculty Books

No abstract provided.

Stock Banks And Mutual Banks, Eric Bennett Rasmusen

Eric Bennett Rasmusen

Because mutual banks do not allow shareholders to discipline bad managers and so have higher costs, they have been disappearing since bank entry deregulation in the 1980's. They were common before regulation in the 1930's, and are more common in the 19th century. I propose that this is because of the absence of deposit insurance. Depositors wanted safety more than low operating costs, and a mutual manager, in a cushy job he could not lose except by bankrupting his firm, would also value safety.

A New Proof Of Knight's Theorem On The Cauchy Distribution, Peter C.B. Phillips

Cowles Foundation Discussion Papers

We offer a new and straightforward proof of F.B. Knight’s [3] theorem that the Cauchy type is characterized by the fact that it has no atom and is invariant under the involution i : x → –1/ x . Our approach uses the representation X = tan θ where θ is uniform on (–π/2, π/2) when X is standard Cauchy. A matrix generalization of this characterization theorem is also given.

A Little Magic With The Cauchy Distribution, Peter C.B. Phillips

Cowles Foundation Discussion Papers

The standard Cauchy distribution is completely characterized by theproperty that it has no atmos and is distributionally equivalent under the involution X → – 1/ X , i.e., X ≡ – 1/ X . Since maximum likelihood is invariant to the choice of normalization rule in structural equation estimation this property establishes that the LIML estimator is standard Cauchy in the leading case of a canonical structural equation. This is a proof by identifying characteristics and is a major improvement over the usual apparatus of change of variable methods and reductions by multiple integration. The new approach has applications in …