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Bureau Of Business And Economic Research_1995, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The report provides a comprehensive socioeconomic and economic‑impact assessment of Los Alamos National Laboratory (LANL) and its surrounding TriCounty region—Los Alamos, Rio Arriba, and Santa Fe Counties. The study examines regional demographic and economic conditions, evaluates structural strengths and weaknesses, and quantifies LANL’s direct, indirect, and induced economic contributions, including employment, payroll, business activity, and tax impacts. It also analyzes two defense‑downsizing scenarios, incorporating business surveys and early‑retiree data to assess regional adjustment capacity.

Political Economy For The Next Century, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

The Balanced Budget Amendment: A Time Bomb To Subvert American Prosperity, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Paper dated Feb. 13, 1995.

Summary of a Report: ’A Time Bomb to Subvert American Prosperity’.

Hay Inventories Up, Prices Mixed To Lower; Cattle Inventory Report: Jan. 1, 1995, Donald L. Peterson, Gene Murra

Economics Commentator (1972- 2016)

No abstract provided.

Dumb Bugs And Bright Noncooperative Players: Games, Context And Behavior, Thomas Quint, Martin Shubik, Dickey Yan

Cowles Foundation Discussion Papers

Consider a repeated bimatrix game. We define “bugs” as players whose “strategy” is to react myopically to whatever the opponent did on the previous iteration. We believe that in some contexts this is a more realistic model of behavior than the standard “supremely rational” noncooperative game player. We consider possible outcome paths that can occur as the result of bugs playing a game. We also compare how bugs fare over a suitable “universe of games,” as compared with standard “Nash” players and “maximin” players.

A Bound On The Number Of Nash Equilibria In A Coordination Game, Thomas Quint, Martin Shubik

Cowles Foundation Discussion Papers

We prove that a “nondegenerate” m × m coordination game can have at most 2 M - 1 Nash equilibria, where M = min( m,n ).

Conversation, Information, And Herd Behavior, Robert J. Shiller

Cowles Foundation Discussion Papers

Experimental evidence shows that an important reason why people tend to imitate others, to exhibit “herd behavior” is that they assume that the others have information that justifies their actions. The information cascade models of Banerjee [1992] and Bikhchandani et al . [1992] are significant developments in showing some general equilibrium and welfare effects of such rational imitative behavior. But these models as specified may be of limited applicability since they assert that differences across groups in herd behavior can be attributed to the random decisions of first movers. Differences across groups in herd behavior might be explained more often …

Unemployment Insurance And Unemployment: Implications Of The Reemployment Bonus Experiments, Carl Davidson, Stephen A. Woodbury

Book Chapters

No abstract provided.

Optimal Unemployment Insurance, Carl Davidson, Stephen A. Woodbury

Book Chapters

No abstract provided.

Bea Data Work, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Handwritten econometric notes

• Econometric results by Greg Bongen (March 6, 1995)

• Letter from Greg Bongen to Professor Shaikh discussing results (February 25, 1995)

• Handwritten econometric to-do list and results (February 27, 1995)

• Handwritten notes (December 9, 1994)

• Results titled "Ochoa 1984"

• BEA data dictionary

• Document titled "CAPITAL STOCK DOCUMENTATION"

• Letter from ED to Shaikh regarding attached econometric documents (March 13, 1995)

• Document titled "Four Steps Used in Modifying the BEA Asset-Type by Industry Matrix" from ED to Shaikh discussing methodology (March 13, 1995)

• Census publication "Manufacturers' Shipments, Inventories, and Orders: 1982-1991" (July 1992)

Unemployment Insurance In The United States, Benefits, Financing, And Coverage: A Report To The President And Congress, U.S. Advisory Council On Unemployment Compensation

External Papers and Reports

No abstract provided.

A New Look At Heath-Care Reform, Murray L. Weidenbaum

Murray Weidenbaum Publications

The time is ripe for taking a new look at health-care reform. Between a free market and a governmental approach, the operation of market forces often proceeds more rapidly and more effectively in responding to serious problems than do the more ponderous decision-making mechanisms of the public sector. Indeed, often the reduction of governmental impediments to competition represents the most efficient and least costly solution. Medical care is no exception.

It's Time To Cut Government Regulations, Murray L. Weidenbaum, Melinda Warren

Murray Weidenbaum Publications

This piece shows how the costs of regulation affect consumers and recommends that Congress should conduct benefit-cost analyses when proposing regulation.

The Multiplier Effect: Singapore's Hospitality Industry, Habibullah Khan, Sock-Yong Phang, Rex S. Toh

Research Collection School Of Economics

Tourism's contribution to Singapore's economy has increased over time. Tourism contributed 11.9% to Singapore's GDP in 1992, about half of that from direct revenues. Indirect and induced sources contributed about equally to the other half. While the direct effect of tourist expenditures on the Singapore economy are predominant, the indirect and induced effects are also significant, indicating strong sectoral linkages within the local economy, especially with respect to the hospitality industry.

Evaluating Alternative Monetary Policy Rules, Ray C. Fair, E. Philip Howrey

Cowles Foundation Discussion Papers

This paper examines monetary policy from an optimal control perspective. Three loss functions are minimized for each of three models, and the results are compared. The three loss functions target nominal growth, real growth, and inflation, respectively. The three models are a small structural model, a VAR model, and a large structural model. A numerical procedure is presented that can handle a variety of loss functions and models.

New Mexico Labor Market Review 01-31-1995, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers December 1994.

Bergamo Paper, Anwar Shaikh Phd, Ricardo Bellofiore Phd

Archives of Anwar Shaikh

• Letter from Riccardo Bellofiore (University of Bergamo) to participants who delivered papers at the International Conference on the Third Volume of Kapital by Marx (January 30, 1995)

• Explains Macmillan’s restrictions on the length of the conference Proceedings

• Requests authors to have their papers peer reviewed to determine suitability for inclusion in the volume

South Dakota Farmer-Rancher Preferences For Agricultural Policy After 1995; Business Consulting At Sdsu, Bashir A. Qasmi, John A. Sondey, Richard Shane

Economics Commentator (1972- 2016)

No abstract provided.

Keynes, In The End Of Laissez-Faire..., Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Fragment of Minsky's work on Keynes.

Nutrient Loadings On South Dakota Farmland: Feedlot Livestock Waste; Hog And Pig Report Comments, Donald C. Taylor, Gene E. Murra

Economics Commentator (1972- 2016)

No abstract provided.

The Role Of The Republic Of China In The World Economy, Chu-Yuan Cheng

Maryland Series in Contemporary Asian Studies

No abstract provided.

Restructuring The Mexican Sugar Industry: Campesinos, The State, And Private Capital, Donna Chollett

Anthropology Publications

Under the new agrarian policies and economic rules of Article 27, implemented in January 1992, the customary patters of political patronage and loyalty in the countryside no longer operate as before. Campesions now are challenged to think and act like entrepreneurs who assume investment risks in order to successfully participate in competitive markets. But most possess neither the economic resources nor worldviews to be the “campesino entrepreneurs” sought by the government or by the leaders of the Confederación Nacional Campesina (CNC) and the Confederación Nacional de Productores Rurales (CNPR), the two campesino confederations affiliated to the ruling PRI. This contradiction …

Book Review: The Poverty Of Welfare Reform, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Book review: The Poverty of Welfare Reform. By Joel F. Handler. New Have, Ct: Yale University Press, 1995.

Capital Structure And Product-Market Rivalry: How Do We Reconcile Theory And Evidence?, Dan Kovenock, Gordon Phillips

Economics Faculty Articles and Research

This paper presents empirical evidence on the interaction of capital structure decisions and product market behavior. We examine when firms recapitalize and increase the proportion of debt in their capital structure. The evidence in this paper shows that firms with low productivity plants in highly concentrated industries are more likely to recapitalize and increase debt financing. This finding suggests that debt plays a role in highly concentrated industries where agency costs are not significantly reduced by product market competition. Following the empirical evidence we introduce the "strategic investment" effects of debt and argue that this effect, in conjunction with agency …

Outline Of An Article About Keynes For Davidson, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

undated.

The first page is shown both with and without a post-it note that is attached.

A Positive Program For Successful Capitalism, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

An abridged version is also attached.

Self-Employment In Vocational Rehabilitation Building On Lessons From Rural America, Nancy Arnold Ph.D., University Of Montana Rural Institute

Employment

With this document, the Research and Training Center on Rural Rehabilitation Services prompts us to think anew about the possibilities of self-employment. Self-employment is a part of the American dream. People are drawn to the notion of working for themselves in a way they are not attracted to working for someone else. Americans think of self-employment as a way to control their own futures and to make work more fulfilling. Self-employment is individualistic, but also has a strong connection to the cultural make-up of the country. It stresses independence and self-sufficiency, but is also believed to promote economic vitality for …

Telecommunications: Have Regulators Dialed The Wrong Number? 1995-96, Department Of Economics

Werner Sichel Lecture Series

Telecommunications: Have Regulators Dialed the Wrong Number? is the thirty-second Annual Public Seminar Series organized by the Department of Economics at Western Michigan University. This year's series is directed by Professor Donald L Alexander of the WMU Economics Department, and is co-sponsored by the W.E. Upjohn Institute for Employment Research. The public is cordially invited to attend the seminars and no admission 1s charged.

Indiana State University Financial Report 1995, Indiana State University

Financial Reports

No abstract provided.

Contested Tender Offers: An Estimate Of The Hazard Function, Sanjiv Jaggia, Satish Thosar

Economics

In this article we estimate the hazard function (takeover probabilities) for firms that are targets in unsolicited tender offers. The data support a Weibull-gamma specification and imply a hazard rate that increases sharply in the initial period following the bid announcement, after which it declines steadily. In explaining the hazard, we find that the initial bid premium has no explanatory power, but the onset of an auction and the proportion of institutional ownership In the target firm significantly enhance the hazard. Legal and financial restructuring actions by target management are effective in reducing the hazard, thereby prolonging the contest.