Social and Behavioral Sciences Commons^™

Income And Mental Health: Unraveling Community And Individual Level Relationships, Carole Gresenz, Roland Sturm, L. Tang

Roland Sturm

No abstract provided.

Keynes' Beauty Contest: Speculative Price Bubbles In Absence Of Common Knowledge In Experimental Stock Markets, Shyam Sunder

Shyam Sunder

No abstract provided.

Income And Mental Health: Unraveling Community And Individual Level Relationships, Carole Gresenz, Roland Sturm, L. Tang

Carole Roan Gresenz

No abstract provided.

Does Implied Volatility Imply Volatility In Bonds?, Michael T. Maloney, Eric Bertonazzi

Michael T. Maloney

No abstract provided.

Absence Of Common Knowledge As A Source Of Speculative Bubbles, Shyam Sunder

Shyam Sunder

No abstract provided.

Why Employers Use Flexible Staffing Arrangements: Evidence From An Establishment Survey, Susan Houseman

Susan N. Houseman

No abstract provided.

Medical Care Output And Productivity In The Nonprofit Sector, Tomas Philipson, Darius Lakdawalla

Darius N. Lakdawalla

No abstract provided.

Dynamic Learning In A Two-Person Experimental Game, Charles F. Mason, Owen R. Phillips

Charles F Mason

No abstract provided.

Uniform Pricing Or Pay-As-Bid Pricing: A Dilemma For California And Beyond, Peter Cramton, Alfred E. Kahn, Robert H. Porter, Richard D. Tabors

Peter Cramton

Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion of capacity.

Chaotic Exchange Rate Dynamics Redux, Sergio Da Silva

Sergio Da Silva

This article generalizes the results shown in De Grauwe, Dewachter, and Embrechts (1993) in a more sophisticated framework. In their model, the speculative dynamics resulting from the interaction between chartists and fundamentalists are incorporated into a Dornbusch-style model to generate a chaotic nominal exchange rate. Here the model of Obstfeld and Rogoff (1995, 1996) replaces the Dornbusch model, and chaotic solutions are still shown to be possible for sensible parameter values.

A Tale Of Two Theories: Monopolies And Craft Guilds In Medieval England And Modern Imagination, Gary Richardson

Gary Richardson

No abstract provided.

A Theory Of Conservatism, Hao Li

hao li

A free-rider problem arises in a group when a public decision between two alternatives must be made based on privately collected evidence, leading to insufficient effort in gathering evidence and ex ante welfare loss for the group. To alleviate the free-rider problem, the group can commit to a "conservative'' rule whereby the decision is made against the alternative favored by the group's preference or prior when evidence supports the alternative but is not preponderant. For example, if a recruitment committee is biased toward making an offer to a job candidate, either because the committee is more concerned with wrongful rejection …

Epistemology, Social Theory, Social Research, Peter Cserne

Péter Cserne

Review of "Ismeretelmélet, társadalomelmélet, társadalomkutatás" (Budapest: Osiris 1999), the collected papers of László Csontos (1953-1997), a pioneer of rational choice theory in Hungary.

Environmental Controls, Scarcity Rents, And Pre-Existing Distortions, Don Fullerton, Gilbert E. Metcalf

Don Fullerton

One might suppose that an emissions tax has an advantage over command and control (CAC) regulations since it raises revenue that can be used to cut other distorting taxes. In this paper, we show that the focus on revenue raising is misplaced. In a simple analytical general equilibrium model, we show that the same welfare effects of environmental protection can be achieved, by taxes that raise revenue, certain command and control regulations that raise no revenue, and even subsidies that cost revenue. Instead, the pre existing labor tax distortion is exacerbated by policies that generate privately-retained scarcity rents.

The Impact Of Legalized Abortion On Crime, John Donohue, Steven D. Levitt

John Donohue

We offer evidence that legalized abortion has contributed significantly to recent crime reductions. Crime began to fall roughly eighteen years after abortion legalization. The five states that allowed abortion in 1970 experienced declines earlier than the rest of the nation, which legalized in 1973 with Roe v. Wade. States with high abortion rates in the 1970s and 1980s experienced greater crime reductions in the 1990s. In high abortion states, only arrests of those born after abortion legalization fall relative to low abortion states. Legalized abortion appears to account for as much as 50 percent of the recent drop in crime.

Quality Bargaining And Intermediate Goods Protection, Neil Campbell

Neil Campbell

This paper offers an explanation for the proposition that removing protection from a firm can induce an improvement in product quality. In a vertically separated industry the quality of the final good is dependent on the quality of the intermediate goods used in its production. This model is used to consider removal of protection from the upstream firm (the supplier) which gives the downstream firm (the assembler) greater bargaining power since the option of turning to a foreign supplier becomes more attractive.

Are You Ready For A Blackout?, Peter Navarro

PETER NAVARRO

No abstract provided.

The Business Cycle Theory Of Wesley Mitchell, Howard J. Sherman

HOWARD J SHERMAN

This article explains the cycle method and theory of Mitchell.

A Note On The Economics Of Biological Invasions, Edward Barbier

Edward B Barbier

No abstract provided.

Valuing Mangrove Conservation In Southern Thailand, Edward Barbier, Suthawan Sathirathai

Edward B Barbier

No abstract provided.

The Economics Of Tropical Deforestation And Land Use: An Introduction To The Special Issue, Edward Barbier

Edward B Barbier

No abstract provided.

Myopia Of Health-Care Reform Using Business Models, Macinnes Kenneth, Vivian C. Mcalister

Vivian C. McAlister

Background: Health-care institutions have looked to business for models to respond to the requirement for reform. This has changed the perspective of institutions that were founded on charitable principles, and managed with liberal employment policies and deficit budgeting. Using lesions from supply-side management, hospitals are fragmenting into independent programs with demands to balance budgets regardless of the source of cost.

Methods: Costs from the institution’s perspective are compared with those of the payer (province) using an example of a proposal to reduce costs in the surgical program by buying disposable drapes.

Results: The actual cost of disposable drapes bought from …

Working Time In Comparative Perspective: Volume Ii - Life-Cycle Working Time And Nonstandard Work, Susan Houseman, Alice Nakamura

Susan N. Houseman

The chapters explore an expanded set of working-time issues, which may be loosely grouped under two topics: 1) working time over the life cycle, and 2) nonstandard work arrangements (e.g., temporary work, job sharing and moonlighting).

The Effect Of Attending A Small Class In The Early Grades On College-Test Taking And Middle School Test Results: Evidence From Project Star, Alan Krueger, Diane Schanzenbach

Diane Whitmore Schanzenbach

This paper provides a long-term follow-up analysis of students who participated in the Tennessee STAR experiment. In this experiment, students and their teachers were randomly assigned to small, regular-size, or regular-size classes with a teacher aide in the first four years of school. We analyse the effect of past attendance in small classes on student test scores and whether they took the ACT or SAT college entrance exam. Attending a small class in the early grades is associated with an increased likelihood of taking a college-entrance exam, especially among minority students, and somewhat higher test scores.

Economics Of Youth Drug Use, Addiction And Gateway Effects, Rosalie Pacula, Donald Kenkel, Alan Mathios

Rosalie Liccardo Pacula

No abstract provided.

The Political Economy Of Distress In East Asian Financial Institutions, Paola Bongini, Stijn Claessens, Giovanni Ferri

Paola Bongini

The 1997±1999 East Asian crisis is an interesting case for studying the determinants of distress and closure of ®nancial institutions. Of a sample of 283 ®nancial institutions from Indonesia, Korea, Malaysia, the Philippines, and Thailand, 120 experienced distress, and by July 1999, 38 were closed. We ®nd that traditional, CAMEL-type ®nancial data for 1996 help predict distress and closure. ``Connections''Ðwith industrial groups or in¯uential familiesÐincreased the likelihood of distress, however, suggesting that supervisors had granted selective prior forbearance from prudential regulations. Since closure was more, not less, likely with connections, the closure processes themselves appear transparent. We also ®nd evidence …

Controlling For Seam Problems In Duration Model Estimates: With Application To The Current Population Survey And The Computer Aided Telephone Interview/ Computer Aided Personal Interview Overlap Survey, Charles Romeo

Charles Romeo

No abstract provided.

Trade And Sustainable Forestry, Edward Barbier

Edward B Barbier

No abstract provided.

Complex Job Mobility And Long‐Run Outcomes For The ‘Economically At‐Risk’, Stacie Bosley

Stacie Bosley

Toward A Comparative Economics Of Plea Bargaining (With Thomas Miceli), Richard Adelstein

Richard Adelstein

A comparison of adversarial and inquisitorial approaches to criminal adjudication and its implications for plea bargaining.