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Articles 1 - 11 of 11

Full-Text Articles in Economics

Will Marriage Promotion Work?, Vivian E. Hamilton Oct 2007

Will Marriage Promotion Work?, Vivian E. Hamilton

Faculty Publications

No abstract provided.


On The Use Of Size Premiums, Arithmetic Or Geometric Average Returns, And Liquidity Premiums In Determining Discount Rates, Hal B. Heaton Sep 2007

On The Use Of Size Premiums, Arithmetic Or Geometric Average Returns, And Liquidity Premiums In Determining Discount Rates, Hal B. Heaton

Faculty Publications

In recent court cases, a number of technical issues have arisen in determining appropriate discount rates for use in the discounted cash flow approach to valuation. This article examines three issues, reviews the literature about the issues, and summarizes the key considerations.


Provincial Development In China: Lessons From Eu Regional Policy Experience, Phillip J. Bryson, Keren Sun Sep 2007

Provincial Development In China: Lessons From Eu Regional Policy Experience, Phillip J. Bryson, Keren Sun

Faculty Publications

Regional development in the Chinese provinces and in the regions of the EU countries are evaluated and compared. Development efforts in southern Italy, northeast England and eastern Germany are reviewed along with EU, Community-wide regional development programs. Equity concerns suggest promotion of regional policy, but the pursuit of maximum national economic growth would avoid it, since it sacrifices some economic growth. The impact of FDI and domestic investments on individual Chinese provinces is compared with their impact in Europe. There is an implicit contrast between public sector regional development programs and more effective private foreign direct investments.


Naked And Covered In Monte Carlo: A Reappraisal Of Option Taxation, Eric D. Chason Jul 2007

Naked And Covered In Monte Carlo: A Reappraisal Of Option Taxation, Eric D. Chason

Faculty Publications

The market for equity options and related derivatives is staggering, covering trillions of dollars worth of assets. As a result, the taxation of these instruments is inherently important. Moreover, the importance is made even more acute by the use of options in creating more complex transactions and in avoiding taxes. Consider an equity call option, which entitles, but does not obligate, its holder to buy stock at a set price at a set time in the future. Option theory gives us a way to break the option down into more fundamental units. For example, an equity call option over 10,000 …


Henry George: The Theory Of Distribution In Progress And Poverty, Phillip J. Bryson Jul 2007

Henry George: The Theory Of Distribution In Progress And Poverty, Phillip J. Bryson

Faculty Publications

The core of Henry George's economic theory appeared in his most widely-read book, Progress and Poverty. On the basis of his dramatic "single tax" theory, his work became widely known and gained some avid followers who endeavored to base policy on it. But the work was also of value in George's day and interest in our day because of its economic content. George was not a part of the academic economics establishment of his day and his theory was of strictly classical methodology, but it still had much to commend it. A simple model to present his concepts in more …


The Real Estate Cycle And The Depression Of 2008, Fred Foldvary May 2007

The Real Estate Cycle And The Depression Of 2008, Fred Foldvary

Faculty Publications

No abstract provided.


Culture Change, Lan Cao Jan 2007

Culture Change, Lan Cao

Faculty Publications

No abstract provided.


The Security Rule, Stephen M. Jerbic, Stephen S. Wu Jan 2007

The Security Rule, Stephen M. Jerbic, Stephen S. Wu

Faculty Publications

No abstract provided.


Tolerance And Democracy Instead Of Fundamentalism And Empire, Guillermo C. Hansen Jan 2007

Tolerance And Democracy Instead Of Fundamentalism And Empire, Guillermo C. Hansen

Faculty Publications

No abstract provided.


Death And Taxes, Including Inflation: The Public Versus Economists, Jeffrey Rogers Hummel Jan 2007

Death And Taxes, Including Inflation: The Public Versus Economists, Jeffrey Rogers Hummel

Faculty Publications

Inflation worries the general public much more than it does the economics profession, and economists remain perplexed as to exactly why. The costs that concern economists are inflation’s deadweight loss. But that is only a part of the losses that concern the public, because inflation simultaneously transfers some of people’s income into the hands of government. The fact that the seigniorage tax may pay for programs they favor is a separate issue. Moreover, unlike income and other taxes, which people in democratic countries may think they have some control over through voting, seigniorage appears utterly arbitrary. In fact, people can …


Factor Market Oligopsony And The Location Decision Of Free Entry Oligopoly, Yeung-Nan Shieh, Chiung - I Wang Jan 2007

Factor Market Oligopsony And The Location Decision Of Free Entry Oligopoly, Yeung-Nan Shieh, Chiung - I Wang

Faculty Publications

No abstract provided.