Social and Behavioral Sciences Commons^™

Mental Health And Employment Transitions, Carole Gresenz, Roland Sturm

Roland Sturm

No abstract provided.

Does Relative Deprivation Predict The Need For Mental Health Services?, Christine Eibner, Carole Gresenz, Roland Sturm

Roland Sturm

No abstract provided.

Why Experimental Finance?, Shyam Sunder

Shyam Sunder

No abstract provided.

Religious Sectarianism: Lessons To Be Learnt From Pakistan, Vikas Kumar

Vikas Kumar

No abstract provided.

Does Relative Deprivation Predict The Need For Mental Health Services?, Christine Eibner, Carole Gresenz, Roland Sturm

Carole Roan Gresenz

No abstract provided.

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.

The Many Legal Institutions That Support Contractual Commitment, Gillian K. Hadfield

Gillian K Hadfield

One of the fundamental contributions of transaction cost theory and institutional economics has been to focus attention on opening the "black box" of contract enforcement, drawing attention to the institutions required to achieve effective and low-cost contract enforcement. The idea that the effectiveness of contract law is critical to the growth of economic activity is widespread in the literature on development and transition economies. Recent studies attempting to document toe relative strength of contract enforcement in different settings (La Porta, et al., 19982; Djankov, et al., 2003), however, have focused on relatively abstract notions of "courts" and "legal systems" and …

Economic And Trade Cooperation, Shyam Sunder

Shyam Sunder

No abstract provided.

Baby Booms And Drug Busts: Trends In Youth Drug Use In The United States, Mireille Jacobson

Mireille Jacobson

No abstract provided.

Mental Health And Employment Transitions, Carole Gresenz, Roland Sturm

Carole Roan Gresenz

No abstract provided.

The Dual Role Of Market Power In The Big Push: From Evidence To Theory, Catherine De Fontenay

Catherine de Fontenay

No abstract provided.

Exclusion Or Efficient Pricing: The "Big Deal" Bundling Of Academic Journals, Aaron S. Edlin, Daniel L. Rubinfeld

Daniel L. Rubinfeld

Prices of academic journals have climbed enormously in the past two decades. This article explains the substantial barriers to entry that established journals enjoy. It points out that the Big Deal bundling that the large commercial publishers have adopted in the past few years creates a substantial additional strategic barrier to entry. We consider whether these bundling offers violate the antitrust laws and conclude that they may.

Exclusion Or Efficient Pricing: The "Big Deal" Bundling Of Academic Journals, Aaron S. Edlin, Daniel L. Rubinfeld

Aaron Edlin

Prices of academic journals have climbed enormously in the past two decades. This article explains the substantial barriers to entry that established journals enjoy. It points out that the Big Deal bundling that the large commercial publishers have adopted in the past few years creates a substantial additional strategic barrier to entry. We consider whether these bundling offers violate the antitrust laws and conclude that they may.

Mixed Equilibria Are Unstable In Games Of Strategic Complements, Aaron S. Edlin, Federico Echenique

Aaron Edlin

A Simulation-Based Welfare Loss Calculation For Labor Taxes With Piecewise-Linear Budgets, Don Fullerton, Li Gan

Don Fullerton

Graduated income tax rates and transfer programs create piecewise-linear budget constraints that consist of budget segments and kink points. With any change in these tax rules, each individual may switch between a kink point and a budget segment, between two budget segments, or between two kink points. With errors in the estimated labor supply equation, the new choice is uncertain, and so the welfare effects of a tax change are uncertain. We propose a simulation-based method to compute expected welfare effects that is easy to implement and that fully accounts for uncertainties about choices around kink points. Our method also …

Delivering Legality On The Internet: Developing Principles For The Private Provision Of Commercial Law, Gillian K. Hadfield

Gillian K Hadfield

No abstract provided.

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

Rodrigo Garcia-Verdu

Hiv Testing: A Trojan Horse?, Stéphane Mechoulan

Stéphane Mechoulan

The consequences of HIV testing are unclear. Some infected individuals, assuming they behave selfishly, would tend to increase their number of partners. Meanwhile, non-infected ones or those ignorant of their status would decrease theirs, the result of which, on the equilibrium level of infection, is uncertain. Simulations from a simple dynamic model show how to generate the Philipson-Posner conjecture, i.e., that disclosure of HIV status may result in higher disease prevalence. In this benchmark case, testing would also lower welfare. Those results, however, appear to be fragile. In particular, very little altruism seems needed for testing to become beneficial, and …

Big Mac Parity, Income, And Trade, Sergio Da Silva, Sidney Caetano, Guilherme Moura

Sergio Da Silva

Nontraded inputs account for the lion's share of a Big Mac price. Major departures from Big Mac PPP may then be explained by the Balassa−Samuelson income differences effect. But it has been argued that that result is not robust to changing estimation methods, sample of countries, and time period. Here we address a key theoretical distinction between high and low income countries for the Balassa−Samuelson effect to be properly evaluated. We revisit previous findings and take a sample that is distinct in terms of both set of countries and time period. We find that distinguishing high from low income makes …

Grandmother’S Syncretic Hinduism Caught In The Whirlwind Of Vhp’S Sectarianism, Vikas Kumar

Vikas Kumar

No abstract provided.

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.

Can Vertical Integration By A Monopsonist Harm Consumer Welfare?, Catherine De Fontenay, Joshua Gans

Catherine de Fontenay

No abstract provided.

House Prices And Aggregate Consumption: Do They Move Together? Evidence From Singapore, Sock-Yong Phang

PHANG Sock Yong

Using data from Singapore, we find no evidence that house price increases have produced either wealth or collateral enhancement effects on aggregate consumption. We confirm the presence of liquidity constraints from the asymmetric reaction of consumption to income increases vis-a-vis income declines. When we allow for asymmetric response, anticipated house price increases do not have a positive effect on aggregate consumption: we find that they are considerably more likely to have a modest dampening effect, although this negative result is not statistically significant from zero. Declines in expected house price growth have a larger and marginally significant negative effect on …

Beyond The "Röstigraben": The Swiss Electorate Divided About The Eu, Jose Anson, Olivier Cadot

Olivier Cadot

This paper analyses the EEA and bilateral agreements vote results at the level of 3025 communities of the Swiss Confederation by simultaneously modelling the vote and the participation decisions. Regressions include economic and political factors. The economic variables are the aggregated shares of people employed in the losing, winning and neutral sectors, according to BRUNETTI, JAGGI and WEDER (1998) classification, which follows a Ricardo-Viner logic, and the average education levels, which follows a Heckscher-Ohlin approach. The political factors are those used in the recent literature. The results are extremely precise and consistent. Most variables have the predicted sign and are …

Political Economy Of Evolution, Howard J. Sherman

HOWARD J SHERMAN

No abstract provided.

Allocating Contractor Risks In The Hanford Waste Cleanup, Jeffrey M. Keisler, William A. Buehring, Peter D. Mclaughlin, Mark A. Robershotte, Ronald G. Whitfield

Jeffrey Keisler

Organizations may view outsourcing as a way to manage risk. We developed a decision-analytic approach to determine which risks the buyer can share or shift to vendors and which ones it should bear. We found that allocating risks incorrectly could increase costs dramatically. Between 1995 and 1998, we used this approach to develop the request for proposals (RFP) for the US Department of Energy’s (DOE’s) privatization initiative for the Hanford tank waste remediation system (TWRS). In the model, we used an assessment protocol to predict how vendors would react to proposed risk allocations in terms of their actions and their …

Updated Variable-Radius Measures Of Hospital Competition, Carole Gresenz, Jeannette Rogowski, Jose Escarce

Carole Roan Gresenz

No abstract provided.

Introduction To The Symposium On Trade, Renewable Resources And Biodiversity, Edward Barbier, Erwin Bulte, E.H

Edward B Barbier

No abstract provided.

Terrorism Insurance Policy And The Public Good, Darius Lakdawalla, George Zanjani

Darius N. Lakdawalla

No abstract provided.

Optimal Fiscal Policy In A Growing Economy With Public Capital, Manuel A. Gómez

Manuel A. Gómez

This paper devises a fiscal policy by means of which the first-best optimum equilibrium can be attained as a market equilibrium in an endogenous growth model with public capital. The optimal equilibrium requires that public (private) investment be zero along the transition to the balanced growth path if the initial ratio of public to private capital is higher (lower) than its long-term value. We also show that the transitional dynamics can be determined by noting that the continuity of the shadow prices involves the continuity of the consumption path.