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Full-Text Articles in Economics
The Posner Argument For Transferring Health Spending From Old Women To Old Men, Eric Bennett Rasmusen
The Posner Argument For Transferring Health Spending From Old Women To Old Men, Eric Bennett Rasmusen
Eric Bennett Rasmusen
Richard Posner suggests several arguments for increasing health care spending on males and reducing it on females in his book Aging and Old Age. I offer a new formalization of his verbal argument.
Stigma And Self-Fulfilling Expectations Of Criminality, Eric Bennett Rasmusen
Stigma And Self-Fulfilling Expectations Of Criminality, Eric Bennett Rasmusen
Eric Bennett Rasmusen
In modelling crime, economists have focussed on the expected cost of government sanctions to the criminal, but private sanctions--- notably economic or social stigma--- may be just as important. In the model here, workers decide whether to commit crimes and employers decide how much to pay ex- convicts. In one equilibrium, individuals refrain from crime and economic stigma--- the wage loss from conviction--- is high. In a second, pareto- inferior equilibrium, individuals commit crimes and stigma is low, because employers realize that nonconviction does not imply noncriminality. The model may help to explain large shifts in crime, such as that …
Review Of Competition, Commitment, And Welfare By Kotaro Suzumura, Eric Bennett Rasmusen
Review Of Competition, Commitment, And Welfare By Kotaro Suzumura, Eric Bennett Rasmusen
Eric Bennett Rasmusen
A short review of a book on oligopoly theory.