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An Alternative Test Of Racial Prejudice In Motor Vehicle Searches: Theory And Evidence, Shamena Anwar, Hanming Fang Jul 2004

An Alternative Test Of Racial Prejudice In Motor Vehicle Searches: Theory And Evidence, Shamena Anwar, Hanming Fang

Cowles Foundation Discussion Papers

We exploit a simple but realistic model of trooper behavior to design empirical tests that address the following two questions. Are police monolithic in their search behavior? Is racial profiling in motor vehicle searches motivated by troopers’ desire for effective policing (statistical discrimination) or by their racial prejudice (racism)? Our tests require data sets with race information about both the motorists and troopers. When applied to vehicle stop and search data from Florida, our tests can soundly reject the null hypothesis that troopers of different races are monolithic in their search behavior, but fail to reject the null hypothesis that …


Expansions For Approximate Maximum Likelihood Estimators Of The Fractional Difference Parameter, Offer Lieberman, Peter C.B. Phillips Jul 2004

Expansions For Approximate Maximum Likelihood Estimators Of The Fractional Difference Parameter, Offer Lieberman, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper derives second-order expansions for the distributions of the Whittle and profile plug-in maximum likelihood estimators of the fractional difference parameter in the ARFIMA(0, d ,0) with unknown mean and variance. Both estimators are shown to be second-order pivotal. This extends earlier findings of Lieberman and Phillips (2001), who derived expansions for the Gaussian maximum likelihood estimator under the assumption that the mean and variance are known. One implication of the results is that the parametric bootstrap upper one-sided confidence interval provides an o ( n -1 ln n ) improvement over the delta method. For statistics that are …


Kaupthing Offering Circular, Kaupthing Bank Hf. Jun 2004

Kaupthing Offering Circular, Kaupthing Bank Hf.

Documents

No abstract provided.


Frb Transcript Of The Consumer Advisory Council Meeting, Agnes Bundy Scanlan, Mark Pinsky, Janie Barrera, Kenneth P. Bordelon, Shiela Canavan, Robin Coffey, Anne Diedrick, Dan Dixon, Hattie Dorsey, Thomas P. Fitzgibbon, James Garner, Charles R. Gatson, Larry Hawkins, James W. King, Ruhi Maker, Elsie Meeks, Bruce B. Morgan, Debra S. Reyes, Benson Roberts, Benjamin Robinson Iii, Mary Jane Seebach, Paul J. Springman, Forrest F. Stanley, Lorie R. Swanson, Diane Thompson, Hubert Van Tol, Clint Walker, Sandra F. Braunstein, Roger W. Ferguson Jr, Edward M. Gramlich, Susan Bies Jun 2004

Frb Transcript Of The Consumer Advisory Council Meeting, Agnes Bundy Scanlan, Mark Pinsky, Janie Barrera, Kenneth P. Bordelon, Shiela Canavan, Robin Coffey, Anne Diedrick, Dan Dixon, Hattie Dorsey, Thomas P. Fitzgibbon, James Garner, Charles R. Gatson, Larry Hawkins, James W. King, Ruhi Maker, Elsie Meeks, Bruce B. Morgan, Debra S. Reyes, Benson Roberts, Benjamin Robinson Iii, Mary Jane Seebach, Paul J. Springman, Forrest F. Stanley, Lorie R. Swanson, Diane Thompson, Hubert Van Tol, Clint Walker, Sandra F. Braunstein, Roger W. Ferguson Jr, Edward M. Gramlich, Susan Bies

Documents

No abstract provided.


Law Concerning Special Measures For Strengthening Financial Functions, Government Of Japan Jun 2004

Law Concerning Special Measures For Strengthening Financial Functions, Government Of Japan

Documents

No abstract provided.


Discussion Of Hud's Proposed Housing Goals, Federal National Mortgage Association (Fannie Mae) Jun 2004

Discussion Of Hud's Proposed Housing Goals, Federal National Mortgage Association (Fannie Mae)

Documents

No abstract provided.


Fannie Mae Presentation To Hud- Hud's Proposed Housing Goals, Federal National Mortgage Association (Fannie Mae) Jun 2004

Fannie Mae Presentation To Hud- Hud's Proposed Housing Goals, Federal National Mortgage Association (Fannie Mae)

Documents

No abstract provided.


Banking Act, Switzerland: Federal Assembly Jun 2004

Banking Act, Switzerland: Federal Assembly

Documents

No abstract provided.


Monopoly Pricing Of Experience Goods, Dirk Bergemann, Juuso Välimäki Jun 2004

Monopoly Pricing Of Experience Goods, Dirk Bergemann, Juuso Välimäki

Cowles Foundation Discussion Papers

We develop a dynamic model of experience goods pricing with independent private valuations. We show that the optimal paths of sales and prices can be described in terms of a simple dichotomy. In a mass market, prices are declining over time. In a niche market, the optimal prices are initially low followed by higher prices that extract surplus from the buyers with a high willingness to pay. We consider extensions of the model to integrate elements of social rather than private learning and turnover among buyers.


Monopoly Pricing Of Experience Goods, Dirk Bergemann, Juuso Välimäki Jun 2004

Monopoly Pricing Of Experience Goods, Dirk Bergemann, Juuso Välimäki

Cowles Foundation Discussion Papers

We develop a dynamic model of experience goods pricing with independent private valuations. We show that the optimal paths of sales and prices can be described in terms of a simple dichotomy. In a mass market, prices are declining over time. In a niche market, the optimal prices are initially low followed by higher prices that extract surplus from the buyers with a high willingness to pay. We consider extensions of the model to integrate elements of social rather than private learning and turnover among buyers.


Time-Inconsistency And Welfare Program Participation: Evidence From The Nlsy, Hanming Fang, Dan Silverman Jun 2004

Time-Inconsistency And Welfare Program Participation: Evidence From The Nlsy, Hanming Fang, Dan Silverman

Cowles Foundation Discussion Papers

We empirically implement a dynamic structural model of labor supply and welfare program participation for agents with potentially time-inconsistent preferences. Using panel data on the choices of single women with children from the NLSY 1979, we provide estimates of the degree of time-inconsistency, and of its influence on the welfare take-up decision. With these estimates, we conduct counterfactual experiments to quantify the utility loss stemming from the inability to commit to future decisions, and the potential utility gains from commitment mechanisms such as welfare time limits and work requirements.


Racism And Redistribution In The United States: A Solution To The Problem Of American Exceptionalism, Woojin Lee, John E. Roemer Jun 2004

Racism And Redistribution In The United States: A Solution To The Problem Of American Exceptionalism, Woojin Lee, John E. Roemer

Cowles Foundation Discussion Papers

The two main political parties in the United States put forth policies on redistribution and on issues pertaining directly to race. We argue that redistributive politics in America can be fully understood only by taking account of the interconnection between these issues, and the effects of political competition upon the multi-dimensional party platforms. We identify two mechanisms through which racism among American voters decreases the degree of redistribution that would otherwise obtain. Many authors have suggested that voter racism decreases the degree of redistribution due to an anti-solidarity effect: that (some) voters oppose government transfer payments to minorities whom they …


Cascade Funding 1 Cdo Pitchbook, Terwin Money Management Llc Jun 2004

Cascade Funding 1 Cdo Pitchbook, Terwin Money Management Llc

Documents

No abstract provided.


International Convergence Of Capital Measurement And Capital Standards, Bank For International Settlements (Bis) Jun 2004

International Convergence Of Capital Measurement And Capital Standards, Bank For International Settlements (Bis)

Documents

No abstract provided.


Yale Scientific Magazine: Volume 77, Number 4 Jun 2004

Yale Scientific Magazine: Volume 77, Number 4

Yale Scientific Magazine

No abstract provided.


Fed Assesses Citigroup Unit $70 Million In Loan Abuse, Timothy L. O'Brien May 2004

Fed Assesses Citigroup Unit $70 Million In Loan Abuse, Timothy L. O'Brien

Documents

No abstract provided.


Federal Reserve Board Issues An Order To Cease And Desist And Order Of Assessment Of Civil Money Penalty Against Citigroup Inc., Federal Reserve System: Board Of Governors May 2004

Federal Reserve Board Issues An Order To Cease And Desist And Order Of Assessment Of Civil Money Penalty Against Citigroup Inc., Federal Reserve System: Board Of Governors

Documents

No abstract provided.


Frb Letter From Division Of Banking Supervision And Regulation And Legal Division To Jennifer J Johnson Re Issuance Of Consent Order Under Delegated Authority, Richard M. Ashton May 2004

Frb Letter From Division Of Banking Supervision And Regulation And Legal Division To Jennifer J Johnson Re Issuance Of Consent Order Under Delegated Authority, Richard M. Ashton

Documents

This letter is addressed to Jennifer J. Johnson


Ofheo Memorandum From Perkins Re 2003 Fannie Mae Examination Activity Exceptions, Marietta Perkins May 2004

Ofheo Memorandum From Perkins Re 2003 Fannie Mae Examination Activity Exceptions, Marietta Perkins

Documents

No abstract provided.


Cap. 581 Deposit Protection Scheme Ordinance, Hong Kong: Legislative Council May 2004

Cap. 581 Deposit Protection Scheme Ordinance, Hong Kong: Legislative Council

Documents

No abstract provided.


How To Fix A Bank, Revisited, Tom Holland May 2004

How To Fix A Bank, Revisited, Tom Holland

Documents

No abstract provided.


Interagency Statement On Sound Practices Concerning Complex Structured Finance Activities, United States: Department Of The Treasury: Office Of Thrift Supervision, Federal Reserve System, United States: Federal Deposit Insurance Corporation (Fdic), United States: Securities And Exchange Commission (Sec) May 2004

Interagency Statement On Sound Practices Concerning Complex Structured Finance Activities, United States: Department Of The Treasury: Office Of Thrift Supervision, Federal Reserve System, United States: Federal Deposit Insurance Corporation (Fdic), United States: Securities And Exchange Commission (Sec)

Documents

No abstract provided.


The Banking And Finance Business Act (2004:297), Sweden: Ministry Of Finance May 2004

The Banking And Finance Business Act (2004:297), Sweden: Ministry Of Finance

Documents

No abstract provided.


Notes On A Collection Of Amphibians And Reptiles From El Salvador, Twan A. A. M. Leenders, Gregory J. Watkins-Colwell May 2004

Notes On A Collection Of Amphibians And Reptiles From El Salvador, Twan A. A. M. Leenders, Gregory J. Watkins-Colwell

Postilla

We report here on recent collections of amphibians and reptiles from El Salvador, in western Central America. More than 600 specimens of amphibians and reptiles were collected on field trips during 2001 and 2002, representing 51 species: one salamander, 11 anurans, 22 lizards, and 17 snakes. One lizard, Mesoscincus managuae (Sauria: Scincidae) is a new national record. Conservation needs and activities in the country are also discussed.


A Catalog Of Larval Amphibia In The Yale Peabody Museum, Gregory J. Watkins-Colwell, Twan A. A. M. Leenders May 2004

A Catalog Of Larval Amphibia In The Yale Peabody Museum, Gregory J. Watkins-Colwell, Twan A. A. M. Leenders

Postilla

The herpetological collection of Yale University's Peabody Museum of Natural History contains over 1,460 lots of larval amphibians, representing more than 9,000 individuals. Although the majority of the larvae originate from North American localities, especially Connecticut, the collection includes representative holdings from several countries. A catalog of the entire Yale Peabody Museum larval collection is provided here.


Ibra's Journey From Time To Time, Tempo May 2004

Ibra's Journey From Time To Time, Tempo

Documents

No abstract provided.


Do Physicians Have An Ethical Obligation To Care For Patients With Aids?, Nancy Rockmore Angoff May 2004

Do Physicians Have An Ethical Obligation To Care For Patients With Aids?, Nancy Rockmore Angoff

Yale Medicine Thesis Digital Library

This thesis responds to the question: Do physicians have an ethical obligation to care for patients with Acquired Immunodeficiency Syndrome (AIDS)? First, the social and political milieu in which this question arises is sampled. Here we find physicians as well as other members of the community exclaiming an unwillingness to be exposed to people with AIDS. Next, laws, regulations, ethical codes and principles and the history of the practice of medicine are examined, and the literature as it pertains to these areas is reviewed. The obligation to care for patients with AIDS, however, cannot be located in an orientation to …


Deposit Protection Scheme Ordinance, Hong Kong Monetary Authority May 2004

Deposit Protection Scheme Ordinance, Hong Kong Monetary Authority

Documents

No abstract provided.


Human Development And Economic Growth, Gustav Ranis May 2004

Human Development And Economic Growth, Gustav Ranis

Discussion Papers

No abstract provided.


The Evolution Of Development Thinking: Theory And Policy, Gustav Ranis May 2004

The Evolution Of Development Thinking: Theory And Policy, Gustav Ranis

Discussion Papers

No abstract provided.