Social and Behavioral Sciences Commons^™

A Rationale For Meeting Quotas Asymmetrically, J. Patrick Meister, Robert S. Main

Scholarship and Professional Work - Business

Under certain conditions, otherwise identical, competing firms may find it jointly preferable to face differing degrees of trade barriers on individual products rather than symmetric trade barriers. The key is the ability to reduce marginal production cost via research and development. The economic significance of this insight is that there could be a role for a market for quota allotments. This insight also has applications to Voluntary Export Restraints in which a priori symmetric, restricted firms may prefer to have individual production levels allocated asymmetrically. This indicates the need for detailed studies of how quotas are met by individual firms. …

November 2002, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

The Efficient-Market Hypothesis During A Recession, Jill Marie Williams

Undergraduate Honors Capstone Projects

The phrase, "A Random Walk Down Wall Street" may make a portfolio manager shudder. I first learned about this theory while reading a book of the same name by Burton G. Malkiel. I saw the last four years crashing down around me as I read about the competition I would be facing upon graduation–a blindfolded chimpanzee.

The random walk theorizes that the stock market is so efficient that a blindfolded chimpanzee can throw darts at the Wall Street Journal to select a portfolio of stocks that will perform equally as well as those managed by the experts. Unfortunately for the …

April 2002, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Marital Happiness And Family Economics, Bryan Eldon Engelhardt

Honors Papers

Economics has long been the study of maximizing production, minimizing cost, and analyzing distributions, but it was not until recently that the field of economics added the social institution of the family and subjective well being to its list. What is being expounded upon within this discussion is how marital happiness affects family economics. The question begins with how marriage affects the basic micro model of economics: utility, and in turn how marital happiness affects economic decisions made by the family, such as the amount of leisure and goods to consume.

Economic issues already analyzed within the family include joint …

Back To The Future? Canada's Experience With Constructive Engagement In Cuba, Michael Bell, Eugene Rothman, Marvin Schiff, Christopher Walker

Institute for Cuban & Cuban-American Studies Occasional Papers

No abstract provided.

Study By Former Canadian Diplomat Takes On Canada's Engagement Policy Toward Cuba, Lourdes Cué

Institute for Cuban & Cuban-American Studies Occasional Papers

No abstract provided.

Put-Call Parity And The Law, Michael S. Knoll

All Faculty Scholarship

A common literary theme is the conflict between appearance and reality. That conflict also frequently arises in the law, where it is usually cast as one between substance and form. Another discipline in which the conflict arises is finance, where it appears in the put-call parity theorem. That theorem states that given any three of the four following financial instruments--a riskless zero-coupon bond, a share of stock, a call option on the stock, and a put option on the stock--the fourth instrument can be replicated. Thus, the theorem implies that any financial position containing these assets can be constructed in …

[Introduction To] Saving Adam Smith: A Tale Of Wealth, Transformation, And Virtue, Jonathan B. Wight

Bookshelf

Every once in a while a great business novel is published. This is one of those novels. Follow an up-and-coming graduate student on a picturesque adventure involving terroristics and love, and learn, or better yet, re-learn, correctly this time, a little economics.

How Is Constitutional Law Made?, Tracey E. George, Robert J. Pushaw, Jr.

Vanderbilt Law School Faculty Publications

Professors George and Pushaw review Maxwell L. Stearns’ book, “Constitutional Process: A Social Choice Analysis of Supreme Court Decision-making.” In his book, Stearns demonstrates that the U.S. Supreme Court fashions constitutional law through process-based rules of decision such as outcome voting, stare decisis, and justiciability. Employing “social choice” economic theory, Professor Stearns argues that the Court strives to formulate rules that promote rationality and fairness. Perhaps the greatest strength of Stearns’ book is that he presents a grand unified theory of the Court’s rules of constitutional process and the resulting development of doctrine. This strength can also be a weakness, …

Liberal Ideals And Political Feasibility: Guest-Worker Programs As Second-Best Policies, Howard F. Chang

All Faculty Scholarship

No abstract provided.

Double Helix, Double Bind: Factual Innocence And Postconviction Dna Testing, Seth F. Kreimer, David Rudovsky

All Faculty Scholarship

No abstract provided.