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Articles 1 - 30 of 65
Full-Text Articles in Social and Behavioral Sciences
How Effective Are Current Household Recycling Policies? Results From A National Survey Of U.S. Households, Hilary Nixon, Jean-Daniel M. Saphores
How Effective Are Current Household Recycling Policies? Results From A National Survey Of U.S. Households, Hilary Nixon, Jean-Daniel M. Saphores
Hilary Nixon
This paper analyzes a unique dataset collected during a 2006 national survey of U.S. households to explore the effectiveness of common household recycling policies for metals, glass, and plastics: curbside recycling, drop-off recycling, deposit–refund systems (bottle bills), and marginal pricing for household waste. After estimating either generalized ordered logit or multinomial logit models, we find that the most important determinants of household recycling are people's attitudes toward recycling. Our results also suggest that omitting internal variables (perceived recycling obstacles and benefits as well as moral considerations) may bias policy coefficients. Socio-economic variables are typically not statistically significant, with the exceptions …
An Economic Survey Analysis Of The Legal Literature Pertaining To The Privacy Implications Of Radio Frequency Identification Technology, Stephen M. Jerbic
An Economic Survey Analysis Of The Legal Literature Pertaining To The Privacy Implications Of Radio Frequency Identification Technology, Stephen M. Jerbic
Stephen M. Jerbic
No abstract provided.
Effects Of Ad-Valorem Taxes On Location Decision Under Free Entry Cournot Oligopoly, Yeung-Nan Shieh
Effects Of Ad-Valorem Taxes On Location Decision Under Free Entry Cournot Oligopoly, Yeung-Nan Shieh
Yeung-Nan Shieh
This paper examines the impact of the ad-valorem commodity tax as a policy device on the location decision of undifferentiated oligopolistic firms with free entry. It shows that: (1) When the distance between the plant location and the output market is held constant, the optimum location for the oligopolistic firm would be independent of the ad-valorem tax if the production function is homothetic, and (2) when the distance between the plant location and the output market is a decision variable, the optimum location for the oligopolistic firm will move closer to the output market if the demand function is linear …
The Upside Of Government Default, Jeffrey Rogers Hummel
The Upside Of Government Default, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
Some Possible Consequences Of A U.S. Government Default, Jeffrey Rogers Hummel
Some Possible Consequences Of A U.S. Government Default, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
The U.S. government faces a looming fiscal crisis. A default on Treasury securities appears inevitable. The short-run consequences for the economy will be painful. But the long-run consequences, both economic and political, could be beneficial. The most important long-run political benefit would be the imposition of fiscal discipline. The long-run economic benefit would be the alleviation of the future tax liabilities required to service the national debt, irrespective of whether those liabilities are correctly anticipated or not. A historical examination of the state government defaults of the 1840s provides one case study where the long-run consequences were indeed salutary.
Neighborhood Crime And Travel Behavior: An Investigation Of The Influence Of Neighborhood Crime Rates On Mode Choice – Phase Ii, Christopher Ferrell, Shishir Mathur
Neighborhood Crime And Travel Behavior: An Investigation Of The Influence Of Neighborhood Crime Rates On Mode Choice – Phase Ii, Christopher Ferrell, Shishir Mathur
Shishir Mathur
No abstract provided.
A Decision-Support Framework For Using Value Capture To Fund Public Transit: Lessons From Project-Specific Analyses, Shishir Mathur, Adam Smith
A Decision-Support Framework For Using Value Capture To Fund Public Transit: Lessons From Project-Specific Analyses, Shishir Mathur, Adam Smith
Shishir Mathur
No abstract provided.
The Question Of Slavery, Jeffrey Rogers Hummel
The Question Of Slavery, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
America's Turning Point, Jeffrey Rogers Hummel
America's Turning Point, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
The Implications Of Quantity-Discounted Transportation Rates On Output Effects Of Discriminatory F.O.B. Pricing, Yeung-Nan Shieh
The Implications Of Quantity-Discounted Transportation Rates On Output Effects Of Discriminatory F.O.B. Pricing, Yeung-Nan Shieh
Yeung-Nan Shieh
No abstract provided.
Metropolitan Growth Policies And New Housing Supply: Evidence From Australia's Capital Cities, Ralph B. Mclaughlin
Metropolitan Growth Policies And New Housing Supply: Evidence From Australia's Capital Cities, Ralph B. Mclaughlin
Ralph B. McLaughlin
This paper empirically examines the relationship between house price change, metropolitan growth policies, and new housing supply in Australia's five major capital cities. Our hypothesis suggests capital cities with tighter regulations on new development will have fewer housing starts and price elasticities than those in less- regulated markets. The empirical procedure used in this paper utilises the Urban Growth Model of Housing Supply developed in Mayer and Somerville (2000a and 2000b) and employed in Zabel and Patterson (2006) by using quarterly data on housing approvals and house prices from 1996-2010. Data on metropolitan growth policies in Australia is borrowed from …
Firm And Industry Effects In Accounting Versus Economic Profit Data, Matthew J. Holian, Ali M. Reza
Firm And Industry Effects In Accounting Versus Economic Profit Data, Matthew J. Holian, Ali M. Reza
Matthew J. Holian
This article presents estimates of firm and industry fixed-effects on profit rates for large US corporations, using both Economic Value Added (EVA), the popular measure of profits produced by Stern Stewart and Company, as well as simple (unadjusted) accounting measures as the dependent variable. We find that the improvement in explanatory power of the fixed-effect model is substantially greater when using EVA than has been documented with alternative measures.
Using Drew Carey In The Classroom, Matthew J. Holian
Using Drew Carey In The Classroom, Matthew J. Holian
Matthew J. Holian
This teaching note describes how to use Drew Carey’s short public policy documentaries in the classroom, and as part of a writing assignment for an introductory microeconomics class. Students are challenged to identify the core microeconomic concepts that are relevant to real-world policy matters, including healthcare, immigration and jobs.
Government’S Diminishing Benefits From Inflation, Jeffrey Rogers Hummel
Government’S Diminishing Benefits From Inflation, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
The Rise And Fall Of Glass-Steagall, Warren C. Gibson, Jeffrey Rogers Hummel
The Rise And Fall Of Glass-Steagall, Warren C. Gibson, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
Understanding The M-Form Hypothesis, Matthew J. Holian
Understanding The M-Form Hypothesis, Matthew J. Holian
Matthew J. Holian
The theory of the firm deserves to play a prominent role in both the undergraduate and graduate industrial organization curriculum, both because of the vast amount of attention that has been paid to this area over the last four decades, as well as its practical relevance for strategy and antitrust. This lecture briefly presents some background on the theory of the firm in general, and the M-form Hypothesis in particular. The M-form Hypothesis is an important theory of firm structure, developed by Chandler (1962) and Williamson (1975). A mathematical model, discussion section and accompanying lecture slides illustrate the concepts necessary …
If A Pure Market Economy Is So Good, Why Doesn’T It Exist? The Importance Of Changing Preferences Versus Incentives In Social Change, Jeffrey Rogers Hummel, Edward P. Stringham
If A Pure Market Economy Is So Good, Why Doesn’T It Exist? The Importance Of Changing Preferences Versus Incentives In Social Change, Jeffrey Rogers Hummel, Edward P. Stringham
Jeffrey Rogers Hummel
Many economists argue that a pure market economy cannot come about because people will always have incentives to use coercion (Cowen and Sutter, 2005; Holcombe, 2004). We maintain that these economists leave out an important factor in social change. Change can come about by altering incentives or preferences, but since most neoclassical economists ignore changing preferences, they too quickly conclude that change is impossible. History shows that social change based on changes in preferences is common. By recognizing that preferences need not be constant, political economists can say much more about changing the world.
The Persistence Of Accounting Versus Economic Profit, Matthew J. Holian, Ali M. Reza
The Persistence Of Accounting Versus Economic Profit, Matthew J. Holian, Ali M. Reza
Matthew J. Holian
Drawing on Schumpeterian theory, this article presents estimates of a first-order autoregressive model of profit persistence for large US firms, using Economic Value Added (EVA), the popular measure of profits produced by Stern Stewart and Company, and simple (unadjusted) accounting measures from the Compustat database. We hypothesize about the differences we should expect to find between these two sets of estimates, and also provide a fresh normative assessment of the dynamic competitiveness of the US economy.
Intellectual Property And Antitrust Limits On Contract: Comment, Matthew J. Holian, Neil Nguyen
Intellectual Property And Antitrust Limits On Contract: Comment, Matthew J. Holian, Neil Nguyen
Matthew J. Holian
In their chapter in Dynamic Competition and Public Policy (2001, Cambridge University Press), Burtis and Kobayashi never defined their model's discount rate, making replicating their simulation results difficult. Through our own simulations, we were able to verify their results when using a discount rate of 0.10. We also identified two new types of equilibria that the authors overlooked, doubling the number of distinct equilibria in the model.
Roads: Leading Indicators Show Ramp-Up In Activity, Shishir Mathur, Kunal Katara
Roads: Leading Indicators Show Ramp-Up In Activity, Shishir Mathur, Kunal Katara
Shishir Mathur
No abstract provided.
Monetary Lessons From The Not-So-Great Depression, A Round-Robin Essay Debate With Scott Sumner, James Hamilton, And George Selgin, Jeffrey Rogers Hummel
Monetary Lessons From The Not-So-Great Depression, A Round-Robin Essay Debate With Scott Sumner, James Hamilton, And George Selgin, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
Review Of Good Money: Birmingham Button Makers, The Royal Mint, And The Beginnings Of Modern Coinage, 1775-1821 By George Selgin, Jeffrey Rogers Hummel
Review Of Good Money: Birmingham Button Makers, The Royal Mint, And The Beginnings Of Modern Coinage, 1775-1821 By George Selgin, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
Why Default On U.S. Treasuries Is Likely, Jeffrey Rogers Hummel
Why Default On U.S. Treasuries Is Likely, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
Will We Be Stimulated? Economists Sound Off On Obama’S Stimulus Package Reason, Nick Gillesie, Jeffrey Rogers Hummel, Meg Mcardle
Will We Be Stimulated? Economists Sound Off On Obama’S Stimulus Package Reason, Nick Gillesie, Jeffrey Rogers Hummel, Meg Mcardle
Jeffrey Rogers Hummel
No abstract provided.
Was Money Really Easy Under Greenspan?, David R. Henderson, Jeffrey Rogers Hummel
Was Money Really Easy Under Greenspan?, David R. Henderson, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
The Effects Of Specific Commodity Taxes On Output And Location Of Free Entry Oligopoly, Yeung-Nan Shieh, Ming-Chieh Chen
The Effects Of Specific Commodity Taxes On Output And Location Of Free Entry Oligopoly, Yeung-Nan Shieh, Ming-Chieh Chen
Yeung-Nan Shieh
No abstract provided.
Pollution Taxes And Location Decision Under Free Entry Oligopoly, Yeung-Nan Shieh, Hsin-I Fan
Pollution Taxes And Location Decision Under Free Entry Oligopoly, Yeung-Nan Shieh, Hsin-I Fan
Yeung-Nan Shieh
No abstract provided.
Civil War Finance: Lessons For Today, Jeffrey Rogers Hummel
Civil War Finance: Lessons For Today, Jeffrey Rogers Hummel
Jeffrey Rogers Hummel
No abstract provided.
The Fed’S Binge, Jeffrey Rogers Hummel
Effect Of Suburban Transit Oriented Developments On Residential Property Values, Shishir Mathur, Christopher Ferrell
Effect Of Suburban Transit Oriented Developments On Residential Property Values, Shishir Mathur, Christopher Ferrell
Shishir Mathur
No abstract provided.