Social and Behavioral Sciences Commons^™

The Market For (Ir)Reproducible Econometrics, Susan K. Feigenbaum, David M. Levy

Susan Feigenbaum

No abstract provided.

Two-Part Marginal Cost Pricing Equilibria With N Firms: Sufficient Conditions For Existence And Optimality, Aaron S. Edlin, Mario Epelbaum

Aaron Edlin

Faculty Consistency Pay Program, John Fraas

John W. Fraas

This paper presents the procedures that were used to identify faculty salary compression, as well as, a discussion of the compensation program that was designed and implemented at a university to reduce the degree of salary compression. An example of the procedure used in the compensation program to determine the amount of money received by each faculty member is provided. The impact of the program on salary compression at the university is analyzed, and the results of a survey of faculty and Dean perceptions of the program are reviewed.

Is College Financial Aid Equitable And Efficient?, Aaron S. Edlin

Aaron Edlin

No abstract provided.

Mutual Versus Unilateral Mistake In Contracts, Eric Bennett Rasmusen, Ian Ayres

Ian Ayres

Courts sometimes allow contracts to be voidable because of mistakes in their basic assumptions. The common wisdom is that rescission is more likely to be granted if the mistake is mutual rather than unilateral---an incorrect belief common to both parties, not just to one. Rescission for mistake can be justified as a way to avoid inefficient transactions and to reduce the costs of collecting information on whether a mistake has been made. These reasons do not justify a general rule distinguishing between mutual and unilateral mistake.

The Urban Institute Audit Studies: Their Methods And Findings, James Heckman, Peter Siegelman

Peter Siegelman

No abstract provided.

The Impact Of Local Labor Markets On Black And White Family Structure, Michael Seeborg, Kristin Jaeger

Michael Seeborg

This study employs 1980 census data to determine how economic characteristics affect the incidence of female headed families in metropolitan areas. The study also attempts to determine if black family structure responds differently than white family structure to changes in the variables studied. It is found that changes in employment of men and women may have profound effects on family structure. Changes in the level of welfare support are also found to affect family structure. Black family structure is found to behave somewhat differently than white, thus lending support to Wilson's theory of the underclass.

Speed Variance, Enforcement, And The Optimal Speed Limit, Philip E. Graves, Dwight Lee, Robert L. Sexton

Robert L Sexton

A model of the optimal speed limit is developed which explicitly recognizes the roles of average speed, speed variance, and the level of enforcement. An unusual result emerges, namely that a higher speed limit may be optimal when reducing the variance in highway speeds reduces accident externalities.

The Short-And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief contribution.

The Short-And Long-Run Marginal Cost Curve: A Pedagogical Note, Robert L. Sexton, Philip E. Graves, Dwight R. Lee

Robert L Sexton

There is no abstract for this brief contribution.

The Scramble For Gold: Monetary Regime Transformation In The 1870s, Giulio M. Gallarotti

Giulio M Gallarotti

No abstract provided.

Purification And Characterization Of Porin From Corn (Zea Mays L.) Mitochondria, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Design Competition Through Multidimensional Auctions, Yeon-Koo Che

Yeon-Koo Che

No abstract provided.

Tax Exporting, Federal Deductibility, And State Tax Structure, Gilbert E. Metcalf

Gilbert E. Metcalf

This paper studies the interaction between the federal and state tax systems during the 1980s and, in particular, considers how the Tax Reform Act of 1986 affected state tax structure. Using a panel data set on state governments over a nine-year period, I estimate tax share equations for six categories of taxes. I find that the state personal income tax is sensitive to changes in its tax price, but find a much smaller sensitivity to changes in tax prices for the general sales tax. I then consider various reasons why the sales tax does not exhibit a sensitivity to changes …

Energy Conservation Investment: Do Consumers Discount The Future Correctly?, Gilbert E. Metcalf, Kevin A. Hassett

Gilbert E. Metcalf

We argue that the apparently high discount rates attributed to investors making energy conservation investments are not irrational or the result of some market failure. Rather they may result from an investor recognizing that many conservation investments entail substantial sunk costs. In the presence of these costs and uncertainty over future conservation savings, consumers should use a higher hurdle rate for investment than if there were no uncertainty. Simulations suggest that the hurdle rate should be about four times greater than the standard rate. An implication of our model is that tax subsidies for the purchase of conservation capital are …

Who Bears The Lifetime Tax Burden?, Don Fullerton, Diane Lim Rogers

Don Fullerton

This book describes a multi-sector general equilibrium model used to find the incidence of all U.S. taxes on a lifetime basis. To so so, we estimate lifetime wage profiles from PSID data, project forward and backward for each person, and classify individuals by the present value of their lifetime income. The PDF includes all 246 pages, but with reduced definition in order to reduce the file size to 7.7MB, for ease of downloading.

Industrial Restructuring And Women's Homework In Appalachia: Lessons From West Virginia, Ann M. Oberhauser

Ann Oberhauser