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Monopoly Supply, G. K. Kripalani, G. S. Tolley, Philip E. Graves, Robert L. Sexton Nov 1990

Monopoly Supply, G. K. Kripalani, G. S. Tolley, Philip E. Graves, Robert L. Sexton

PHILIP E GRAVES

There is no abstract for this brief contribution.


Arbitrage And The Savings Behavior Of State Governments, Gilbert E. Metcalf Jul 1990

Arbitrage And The Savings Behavior Of State Governments, Gilbert E. Metcalf

Gilbert E. Metcalf

The federal tax code creates strong incentives for tax arbitrage on the part of state governments. This arbitrage activity is illegal and previous research has typically assumed that the constraint against arbitrage activity is binding. This paper explicitly tests this proposition by considering whether financial asset holdings increase as the yield spread between taxable and tax exempt securities rises. Using a data set on 40 state governments over a seven year period, I find that there is a significant response to changes in the yield spread. One implication of these results is that the Tax Reform Act of 1986, which …


Electricity Price Shocks And International Trade, Peter Navarro Feb 1990

Electricity Price Shocks And International Trade, Peter Navarro

PETER NAVARRO

No abstract provided.


Microeconomic Principles In Action, James Whitney, Robert Moore Dec 1989

Microeconomic Principles In Action, James Whitney, Robert Moore

Jim Whitney

No abstract provided.


Positive Residues Involved In The Voltage-Gating Of The Mitochondrial Porin-Channel Are Localized In The External Moiety Of The Pore, Philadelphia University Dec 1989

Positive Residues Involved In The Voltage-Gating Of The Mitochondrial Porin-Channel Are Localized In The External Moiety Of The Pore, Philadelphia University

Philadelphia University, Jordan

No abstract provided.


Problematic Relations: Franchising And The Law Of Incomplete Contracts, Gillian K. Hadfield Dec 1989

Problematic Relations: Franchising And The Law Of Incomplete Contracts, Gillian K. Hadfield

Gillian K Hadfield

This paper explores an alternative approach to the analysis of franchise contracts which takes seriously their unavoidable incompleteness. The point of departure is the fundamental insight of relational contracting theory, namely that when a contract is embedded within an identifiable relationship, such as the franchise relationship, contractual obligations are often modified, supplemented or completely supplanted by the norms of the ongoing relation. Thus far, the explication of this insight has been along largely theoretical lines. My objective in this article is to further develop the theoretical analysis of the importance of relational elements in order to fashion operational guidelines for …


Distribución De La Renta En Un Modelo Sam De La Economía Española, Clemente Polo, David W. Roland-Holst, Ferran Sancho Dec 1989

Distribución De La Renta En Un Modelo Sam De La Economía Española, Clemente Polo, David W. Roland-Holst, Ferran Sancho

Ferran Sancho

A methodology to study income position shifts in response to public policies is introduced and applied to Spanish data.


Hedonic Prices And Public Goods: An Argument For Weighting Locational Attributes By In Hedonic Regressions By Lot Size, George R. Parsons Dec 1989

Hedonic Prices And Public Goods: An Argument For Weighting Locational Attributes By In Hedonic Regressions By Lot Size, George R. Parsons

George Parsons

No abstract provided.