Social and Behavioral Sciences Commons^™

Collusive Bidding In The Fcc Spectrum Auctions, Peter Cramton, Jesse Schwartz

Jesse A. Schwartz

This paper describes the bid signaling that occurred in many of the FCC spectrum auctions. Bidders in these auctions bid on numerous spectrum licenses simultaneously, with bidding remaining open on all licenses until no bidder is willing to raise the bid on any license. Simultaneous open bidding allows bidders to send messages to their rivals, telling them on which licenses to bid and which to avoid. This “code bidding” occurs when one bidder tags the last few digits of its bid with the market number of a related license. We examine how extensively bidders signaled each other with retaliating bids …

Income Inequality And Family Income And Their Relationships To Chronic Medical Conditions And Mental Health Disorders, Roland Sturm, Carole Gresenz

Roland Sturm

No abstract provided.

The Existence Of Gender-Specific Promotion Standards In The U.S., Kathy Paulson Gjerde

Kathy A. Paulson Gjerde

This paper is motivated by the claim that promotion probabilities are lower for women than men. Using data from the 1984 and 1989 National Longitudinal Youth Surveys, this paper tests this claim and two related hypotheses concerning training and ability. It is found that females are less likely to be promoted than males, and females receive less training than males. The relationship between promotion and gender varies across occupations, however, suggesting that the alleged glass ceiling faced by women and other minorities in the workplace is not uniform across all labor markets.

Note: Link is to the article in a …

Marxist Institutionalism, Howard J. Sherman

HOWARD J SHERMAN

This is a review article of Phillip Anthony O'Hara, Marx, Veblen, and Contemporary Institutional Political Economy: Principles and Unstable Dynamics of Capitalism, Northampton, Massachusetts: Edward Elgar, 2000. O'Hara has fashioned a new synthesis of institutionalism and Marxism, which may be called Marxist Institutionalism.

Would Smaller Classes Help Close The Black-White Achievement Gap?, Alan Krueger, Diane Schanzenbach

Diane Whitmore Schanzenbach

No abstract provided.

Cap And Trade Policies In The Presence Of Monopoly And Distortionary Taxation, Don Fullerton, Gilbert E. Metcalf

Don Fullerton

Skill And The Value Of Life, Jason Shogren, Tommy Stamland

Jason Shogren

The value of statistical life (VSL) can be inferred through real-world wage-fatality risk trade-offs made across different occupations. paper shows that the VSL based on the wage risk trade-off tends be biased upward if it does not account for the diversity of unobservable skill to cope privately with job risk. This upward arises because the highest required wage differential among the workers is divided by their average risk across the population.

Events That Shook The Market, Ray C. Fair

Ray C Fair

Tick data on the S&P 500 futures contract and newswire searches are used to match events to large one- to five-minute stock price changes. 69 events that led to large stock price changes are identified between 1982 and 1999, 53 of which are directly or indirectly related to monetary policy. Many large stock price changes have no events associated with them.

Hedonic Wage Equations For Higher Education Faculty, Philip E. Graves, James R. Marchand, Robert L. Sexton

Robert L Sexton

This paper discusses the use of hedonic techniques to theoretically and empirically understand the wages of higher education faculty. The paper first presents theoretical models of department and faculty choice. These models represent a synthesis of prior work in the hedonic area. The models imply a hedonic wage equation for faculty with wages dependent on productivity, departmental amenities and locational amenities. The theoretical discussion is followed by exploratory and illustrative empirical work. In summary, the reported regressions show that increased teaching loads and secretaries per faculty member tend to decrease salaries while increasing referred journal articles, hotter than average summers, …

Controversias Jurisdiccionales Por La Apropiación De Recursos Hídricos, Max Garcia

Max Garcia Sanchez

No abstract provided.

Keynes' Beauty Contest: Stock Prices Sans Dividend Anchors, Shyam Sunder

Shyam Sunder

No abstract provided.

Quantity Over Quality, Darius Lakdawalla

Darius N. Lakdawalla

No abstract provided.

Privatizing Commercial Law: Lessons From Icann, Gillian K. Hadfield

Gillian K Hadfield

No abstract provided.

Classroom Guide To The Equilibrium Exchange Rate Model, Sergio Da Silva

Sergio Da Silva

The article presents a classroom-suited version of the equilibrium exchange rate model of Stockman (1987) that features Cobb-Douglas functional forms for both production and utility, and considers foreign exchange intervention explicitly.

Innovation And The Economy, Mario Pianta, J. Michie, C. Oughton

Mario Pianta

Unemployment has remained at relatively high levels across most European countries for a generation now. There have been a number of suggested explanations for this, with correspondingly different policy implications. Two of the major hypotheses relate, first, to the impact on the European economies from increased international competition, and `globalisation’ more generally, and, secondly, to the effects of new technology and innovation. The effects of both globalisation and technology on growth and employment in Europe have been researched over the past two years through an EU-funded project, the results of which, relating in particular to innovation, are reported in this …

Follow The Market's Cues, Peter Navarro

PETER NAVARRO

No abstract provided.

R&D With Spillovers And Endogenous Absorptive Capacity, Ulrich Kaiser

ULRICH KAISER

No abstract provided.

Economic And Demographic Factors Affecting Mangrove Loss In The Coastal Provinces Of Thailand, Edward Barbier, Mark Cox

Edward B Barbier

No abstract provided.

A Model Of Tropical Marine Reserve-Fishery Linkages, Lynda Rodwell, Edward Barbier, Callum Roberts, Tim Mcclanahan

Edward B Barbier

No abstract provided.

Using Domestic Water Analysis To Value Groundwater Recharge In The Hadejia-Jama’Are Floodplain, Northern Nigeria, Gayatri Acharya, Edward Barbier

Edward B Barbier

No abstract provided.

Incapacity Benefits And Employment Policy, Dennis Snower, Michael J. Orszag

Dennis Snower

The paper explores the employment implications of allowing people the opportunity of using a portion of their incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this policy could increase employment, raise the incomes of incapacity benefit recipients, and reduce employers’ labor costs. The analysis explicitly derives the optimal voucher, i.e. the voucher that maximizes employment at no extra budgetary cost. This voucher is shown to depend on the size of incapacity benefits, the separation rate in the absence of the voucher, and the degree of displacement; but it does not depend on …

Toward A Total-Cost Approach To Environmental Instrument Choice, Peter Grossman, Daniel Cole

Peter Z. Grossman

Note: full-text not available due to publisher restrictions. Link takes you to an external site where you can locate the article at your local library.

Strategic Planning And Management Control In The Field Of Health (In Italian), Paola Saracino, Massimo Saita, Francesca Kainich

Paola Saracino

No abstract provided.

Market Power And/Or Efficiency: A Structural Approach, Azzeddine Azzam, Rigoberto Lopez, Liron-Espana Cameron

Azzeddine Azzam

This article separates oligopoly-power and cost-efficiency effects of changes in industrial concentration and assesses their impact on output prices in 32 food-processing industries. Empirical results indicate that although concentration induces cost efficiency in one-third of the industries, oligopoly-power effects either dominate cost efficiency or reinforce inefficiency, resulting in higher output prices in most industries. The article also provides fresh econometric estimates of oligopoly power and economies of size for the industries in question.

Evolution Of Social Behavior: Individual And Group Selection, Ted Bergstrom

Ted C Bergstrom

How selfish does our evolutionary history suggest that humans will be? We explore models in which groups are formed and dissolved and where reproduction of individuals is determined by their payoffs in a game played within groups. If groups are formed ``randomly'' and reproductive success of group founders is determined by a multi-person prisoners' dilemma game, then selfish behavior will prevail over maximization of group payoffs. However, interesting models exist in which ``group selection'' sustains cooperative behavior. Forces that support cooperative behavior include assortative matching in groups, group longevity, and punishment-based group norms.

Income Inequality And Family Income And Their Relationships To Chronic Medical Conditions And Mental Health Disorders, Roland Sturm, Carole Gresenz

Carole Roan Gresenz

No abstract provided.

Immigration And Social Justice, David Ingram

David Ingram

The Journal Literature Of International Economics, Jorge Gonzalez, Joe Davis, Debra Patterson

Jorge Gonzalez

No abstract provided.

Equity And Efficiency In Markets For Ideas, Richard Adelstein

Richard Adelstein

Intellectual property and patent protection in light of the AIDS crisis in Africa.

Practical Issues In Adopting Inflation Targeting In Croatia, Leo Bonato

Leo Bonato

No abstract provided.