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Full-Text Articles in Social and Behavioral Sciences
The Dynamic Effects Of Agricultural Subsidies In The United States, Harry De Gorter, Eric O'N. Fisher
The Dynamic Effects Of Agricultural Subsidies In The United States, Harry De Gorter, Eric O'N. Fisher
Economics
This article analyzes the dynamic effects of the farm subsidies in the United States. The subsidies a farmer receives are based upon historical plantings, also called base acreage. It is sometimes optimal for a farmer temporarily not to participate in a program in order to increase future subsidies. The farmer's optimal policy is the solution to a deterministic dynamic program. Farmers with low base acreage opt out of these programs, whereas those with high base acreage participate in them. The article examines aggregate data involving corn, cotton, rice, and wheat during 1987. It shows that these programs increase the output …
Review Of Constitutional Environments And Economic Growth By Gerald W. Scully, Michael L. Marlow
Review Of Constitutional Environments And Economic Growth By Gerald W. Scully, Michael L. Marlow
Economics
No Abstract
Is The “Sheil” A Shill? Informal Credit In Rural Sudan, Michael Kevane
Is The “Sheil” A Shill? Informal Credit In Rural Sudan, Michael Kevane
Economics
My dictionary defines a shill as a person "who poses as an innocent bystander to help a confidence man win over a prospective victim."1 The Sudanese system of informal credit, known as shei/ 2 credit, has been described by many academic writers as an exploitative, usurious form of lending, much as Tayeb Salih implies about the loan transaction between Masood and the grandfather. These writers argue that an important cause of the persistence and deepening of poverty is the monopolistic position of village lenders. But is that really what the sheil is? Or has the sheil been misrepresented in order …
Multiple Bids As A Consequence Of Target Management Resistance: A Count Data Approach, Sanjiv Jaggia, Satish Thosar
Multiple Bids As A Consequence Of Target Management Resistance: A Count Data Approach, Sanjiv Jaggia, Satish Thosar
Economics
In this article, we focus on the question of target management resistance and the incidence of subsequent bids. A Poisson count data model is used where the dependent variable represents the number of bids (count) received and the independent variables comprise target management actions and firm specific characteristics. Of the target management actions considered, legal defense and the entry of a white knight are associated with additional bids. With respect to firm specific characteristics, we find that a high initial bid premium deters subsequent bids. Firm size is also significant and has an interesting relationship with the number of bids …
For Whom Is The Rural Economy Resilient? Initial Effects Of Drought In Western Sudan, Leslie C. Gray, Michael Kevane
For Whom Is The Rural Economy Resilient? Initial Effects Of Drought In Western Sudan, Leslie C. Gray, Michael Kevane
Economics
This discussion piece addresses two recent debates: entitlement theory and the resilience of rural systems. The authors find that in western Sudan entitlement theory provides a specific and useful framework for understanding the nature of the crisis confronting the society. Arguments about the resilience of rural systems, however, need to be more closely examined and will depend on site-specific factors. The rural economy and society of western Sudan were not found to be resilient.