Social and Behavioral Sciences Commons^™

The Role Of Intra-Industry Trade In The Service Sector, Robert Shelburne, Jorge Gonzalez

Jorge Gonzalez

The role of intra-industry trade (IIT) in the service sector is examined. Methodological issues in calculating IIT indexes for the service sectors are discussed. A new generalized index for dealing with the negative numbers that are often present in the data is provided. The different hierarchical structure of the services data provided by the OECD and the US BEA are discussed. The factors that explain the level of services IIT across countries are explored, as well as the factors that affect the level of IIT in U.S. bilateral trade with other nations.

Rigideces Salariales En México: Evidencia De Los Registros Del Imss, Rodrigo Garcia-Verdu, Sara G. Castellanos, David S. Kaplan

Rodrigo Garcia-Verdu

Experimental Markets And Chamberlin's Excess Trading Conjecture, Ted Bergstrom

Ted C Bergstrom

Edward Chamberlin conjectured that the number of trades in realistic trading systems is likely to exceed that predicted by competitive equilibrium theory. He supported this conjecture by data from a large number of classroom experiments and with a plausible argument based on a numerical example. This paper states and proves a theorem that supports and illuminates Chamberlin's intuition, supplies examples of trading processes that lead to excess trading, and presents some additional experimental evidence.

Prediction Markets, Justin Wolfers, Eric Zitzewitz

Eric Zitzewitz

We analyze the extent to which simple markets can be used to aggregate disperse information into efficient forecasts of uncertain future events. Drawing together data from a range of prediction contexts, we show that market-generated forecasts are typically fairly accurate, and that they outperform most moderately sophisticated benchmarks. Carefully designed contracts can yield insight into the market's expectations about probabilities, means and medians, and also uncertainty about these parameters. Moreover, conditional markets can effectively reveal the market's beliefs about regression coefficients, although we still have the usual problem of disentangling correlation from causation. We discuss a number of market design …

Cross-Country Policy Harmonization With Rent-Seeking, Patrik Hultberg, Edward Barbier

Edward B Barbier

In a reciprocal market model with imperfectly competitive firms, domestic policies will differ across countries that are economically and politically diverse. We explore the implications of this standard result with regard to harmonization of environmental policies between corrupt and non-corrupt countries. Imposing a more stringent policy on a non-corrupt government will be welfare reducing to the ‘receiving’ country, but may be welfare enhancing for the ‘imposing’ country. However, where environmental standards are under the control of a corrupt government, it is possible that harmonization is welfare enhancing to both countries.

The Costs And Benefits Of Library Site Licenses To Academic Journals, Ted Bergstrom, Carl Bergstrom

Ted C Bergstrom

Scientific publishing is rapidly shifting from a paper-based system to one of predominantly electronic distribution, in which universities purchase site licenses for online access to journal contents. Will these changes necessarily benefit the scientific community? By using basic microeconomics and elementary statistical theory, we address this question and find a surprising answer. If a journal is priced to maximize the publisher s profits, scholars on average are likely to be worse off when universities purchase site licenses than they would be if access were by individual subscriptions only. However, site licenses are not always disadvantageous. Journals issued by professional societies …

Estimating How The Macroeconomy Works, Ray Fair

Ray C Fair

No abstract provided.

Disability Forecasts And Future Medicare Costs, Jayanta Bhattacharya, David Cutler, Dana Goldman, Michael Hurd, Geoffrey Joyce, Darius Lakdawalla, Constantijn Panis, Baoping Shang

Darius N. Lakdawalla

The traditional focus of disability research has been on the elderly, with good reason. Chronic disability is much more prevalent among the elderly, and it has a more direct impact on the demand for medical care. It is also important to understand trends in disability among the young, however, particularly if these trends diverge from those among the elderly. These trends could have serious implications for future health care spending because more disability at younger ages almost certainlytranslates into more disability among tomorrow’s elderly, and disability is a key predictor of health care spending. Using data from the Medicare Current …

The Role Of Public Policy In Skills Development Of Black Workers In The 21st Century, Timothy Bartik

Timothy J. Bartik

No abstract provided.

Quality And Reputation: The Effects Of External And Internal Factors Over Time, Kathy Paulson Gjerde, Susan Slotnick

Kathy A. Paulson Gjerde

Note: full-text not available due to publisher restrictions. Link takes you to an external site where you can purchase the article.

Full citation with DOI number is as follows:

Paulson Gjerde, K. A., & Slotnick, S. A. (May 2004). Quality and Reputation: The Effects of External and Internal Factors over Time. International Journal of Production Economics, 89(1), 1–20. doi:10.1016/S0925-5273(03)00190-7

Thinking About Local Living Wage Requirements, Timothy Bartik

Timothy J. Bartik

No abstract provided.

How Cartels Endure And How They Fail : Studies Of Industrial Collusion, Peter Grossman

Peter Z. Grossman

Note: full-text not available due to publisher restrictions. Link takes you to an external site where you can purchase the book or borrow it from a local library.

The Role Of Public Policy In Skills Development Of Black Workers In The 21st Century, Timothy Bartik, Kevin Hollenbeck

Kevin Hollenbeck

No abstract provided.

Work And Retirement Plans Among Older Americans, Katharine Abraham, Susan Houseman

Susan N. Houseman

No abstract provided.

Dead-End Jobs Or Stepping Stones? The Long-Run Consequences Of Early Industry And Occupation, Stacie Bosley

Stacie Bosley

The Impact Of The 1990s Economic Boom On Less Educated Workers In Rural And Urban America, Elizabeth Davis, Stacie Bosley

Stacie Bosley

Macroeconomic And Financial Sector Comparison With Saarc And Asean Countries, Safdar Khan

Safdar Khan

Extract:
Two distinct regional associations, SAARC and ASEAN, comprise over seventeen different economies of Asia. These economies differ from each other in terms of their age, size and economic performance. However, some comparisons can be drawn between these intra-regional economies on the basis of economic and financial performance for a uniform period of observation, spanning from 1990 to 2003.1 This chapter discusses the financial sector indicators of the SAARC and ASEAN countries under the framework of macroeconomic performance, with the objective of assessing the level of Pakistan’s performance in comparison with these countries.