Social and Behavioral Sciences Commons^™

Some Economic Issues In Indian Textile Sector, Badri Narayanan G.

Badri Narayanan G.

No abstract provided.

Solving The Beautiful Mind Coordination Problem, Ted C. Bergstrom

Ted C Bergstrom

There are n boys and m girls. The boys are all expected utility maximizers and agree about the desirability of the prospect of dating each girl. Boys assign utility v_i to a date with girl i, where v_1>v_2>\dots v_n>0 and a utility of 0to having no date. Girls don't care which boy they go out with and they prefer having a date to not having a date. We find the Nash equilibrium strategy for boys.

La Política Monetaria Y Su Impacto Sobre Los Retornos Reales Del Mercado Bursátil Chileno, Jorge Muñoz, Claudio Recabal, Andres Acuña

Andrés A. Acuña

Finders Keepers: Forfeiture Laws, Policing, And Local Budgets, Mireille Jacobson

Mireille Jacobson

No abstract provided.

Análisis De La Colusión De Empresas En Un Esquema De Teoría De Juegos: Comentarios Y Reflexiones, Vicente German-Soto, José Luis Escobedo

Vicente German-Soto

Presentation On The Arab Economies In A Changing World, Marcus Noland, Howard Pack

Marcus Noland

No abstract provided.

Corporate Investment And Analyst Pressure, Sébastien Michenaud

Sébastien Michenaud

Teaching Economics Interactively: A Cannibal's Dinner Party, Ted Bergstrom

Ted C Bergstrom

This paper describes techniques that I use to teach economics principles "interactively". These techniques include classroom experiments and classroom clickers. The paper describes an experiment on market entry and gives examples of applications of classroom clickers. Clicker applications include the collection data about student preferences that can be used to construct demand curves and supply curves. Check on students' knowledge of central concepts. Play interactive games that illustrate economic concepts.

Humans Automatons And Markets, Shyam Sunder

Shyam Sunder

No abstract provided.

Distress During The Great Depression: The Illiquidity-Insolvency Debate Revisited, Gary Richardson

Gary Richardson

During the contraction from 1929 to 1933, the Federal Reserve System tracked changes in the status of all banks operating in the United States and determined the cause of each bank suspension. This essay analyzes chronological patterns in aggregate series constructed from that data. The analysis demonstrates both illiquidity and insolvency were substantial sources of bank distress. Periods of heightened distress were correlated with periods of increased illiquidity. Contagion via correspondent networks and bank runs propagated the initial banking panics. As the depression deepened and asset values declined, insolvency loomed as the principal threat to depository institutions.

Remedies For Tying In Computer Applications, Joshua S. Gans

Joshua S Gans

Recent anti-trust decisions have proposed remedies for tying of different computer software and applications. The remedies have drawn criticism for being ineffectual. This paper develops a model tailored to deal with the specific issue of tying in computer applications. It provides a rationale for such tying and also any associated harm to social welfare. It then examines proposed remedies and finds conditions under which those remedies will be effective in improving social welfare.

Identity And Self-Other Differentiation In Work And Giving Behaviors: Experimental Evidence, Avner Ben-Ner, Brian P. Mccall, Massoud Stephane, Hua Wang

AVNER BEN-NER

We show that the distinction between Self and Other, ‘us’ and ‘them,’ or in-group and out-group, affects significantly economic and social behavior. In a series of experiments with approximately 200 Midwestern students as our subjects, we found that they favor those who are similar to them on any of a wide range of categories of identity over those who are not like them. Whereas family and kinship are the most powerful source of identity in our sample, all 13 potential sources of identity in our experiments affect behavior. We explored individuals’ willingness to give money to imaginary people, using a …

Os Países Latino Americanos E A Convenção Açucareira De Bruxelas De 1902, Heitor Moura Filho

Heitor Moura Filho

The effects of the Brussels Sugar Convention of 1902 on various Latin American countries are analysed: domestic production, exports, imports and prices.

Inequidades Socioeconómicas En El Uso De Servicios Sanitarios Del Adulto Mayor Montevideano, Maximo Rossi, Ana Balsa, Daniel Ferres, Patricia Triunfo

Maximo Rossi

El objetivo de este trabajo es analizar el grado de inequidad socioeconómica en el uso de servicios médicos de la población adulta mayor montevideana en base a los datos de la encuesta SABE del año 1999 y 2000. El análisis imputa el ingreso equivalente del hogar a través de la utilización de la Encuesta Continua de Hogares (ECH) del Instituto Nacional de Estadística (INE), considera una amplia serie de indicadores de acceso, calidad y uso de servicios de salud, e intenta reducir los sesgos de estimación ocasionados por la medición contemporánea de las variables de morbilidad y de uso de …

Corruption, Extortion, Reputation, And Asymmetric Information, Neil Campbell

Neil Campbell

This paper develops a simple reputational model that examines the situation of where a corrupt official attempts to extort a bribe from a firm. The game, between these two players, is repeated, giving us a two-period story. In, what I describe as the ‘pretending-to-be-heroic scenario’, the firm (a ‘soft’ firm) does not pay the bribe in the first period (as well as, not paying the bribe in the second period). If it was a one period-model this firm would pay the bribe, and, if the bribe was not paid, the official would carry out her threat. However, in the two-period …

What Happened To The Italian Southern Banking System? (In Italian), Paola Bongini, Giovanni Ferri

Paola Bongini

No abstract provided.

Deposit Insurance And Moral Hazard: Capital, Risk, Malfeasance, And Mismanagement. A Comment On ‘Deposit Insurance And Moral Hazard: Evidence From Texas Banking During The 1920s, Gary Richardson

Gary Richardson

A Journal of Economic History article by Linda Hooks and Kenneth Robinson, “Deposit Insurance and Moral Hazard: Evidence from Texas Banking During the 1920s,” contains a contradiction (Hooks and Robinson 2002). Pondering the contradiction in the paper reveals insights that the authors may have overlooked. Hooks and Robinson’s article examines the experience of the banking industry in Texas during the 1920s. Texas operated a deposit-insurance system from January 1, 1910 until February 11, 1927. Deposit insurance was mandatory for all state banks, which were given the choice of two plans in which to participate. The preponderance participated in the depositors …

Check Is In The Mail: Correspondent Clearing And The Banking Panics Of The Great Depression, Gary Richardson

Gary Richardson

Weaknesses within the check-clearing system played a hitherto unrecognized role in the banking crises of the Great Depression. Correspondent check-clearing networks were vulnerable to counter-party cascades. Accounting conventions that overstated reserves available to corresponding institutions may have exacerbated the situation. The initial banking panic began when a correspondent network centered in Nashville collapsed, forcing over 100 institutions to suspend operations. As the contraction continued, additional correspondent systems imploded. The vulnerability of correspondent networks is one reason that banks that cleared via correspondents failed at higher rates than other institutions during the Great Depression.

A Model Of Conflict, Appropriation And Production In A Two-Sector Economy, Raul Caruso

Raul Caruso

This paper presents a two-sector economy. In a contested sector two agents struggle to appropriate the maximum possible fraction of a contestable output. In an uncontested sector, they hold secure property rights over the production of some goods. Agents split their resource endowment between ‘butter’, ‘guns’ and ‘ice-cream’. The latter denote productive activities secure from appropriation. It is shown how improvements in productivity can countervail destructive impact of continuous conflicts. Eventually a basic model is extended to consider a government and a rival group. A redistributive government can boost production in the uncontested sector, but at a higher level of …

Thewinning Cocktail: The Optimal Mix Of Incentives, Efforts And Institutional Setting In Path-Breaking Academic Research, Sorada Tapsuwan, Ram Ranjan

Sorada Tapsuwan

This paper explores the nature of relationships between individual endowments, efforts, rewards and institutions toward explaining the generation of path-breaking discoveries in academics. Individual endowments are explicitly modeled as the capability to do lateral and vertical thinking which lead to knowledge generation, funding and also influence the chances of making breakthroughs in research. Our findings highlight the role of optimal combination of individual effort within the institutional constraints in order to maximize the chances of success. Under certain situations higher efforts do not necessarily lead to higher chances of making breakthroughs. When individual endowments can be augmented through institutional reward …

Thewinning Cocktail: The Optimal Mix Of Incentives, Efforts And Institutional Setting In Path-Breaking Academic Research, Sorada Tapsuwan, Ram Ranjan

Ram Ranjan

This paper explores the nature of relationships between individual endowments, efforts, rewards and institutions toward explaining the generation of path-breaking discoveries in academics. Individual endowments are explicitly modeled as the capability to do lateral and vertical thinking which lead to knowledge generation, funding and also influence the chances of making breakthroughs in research. Our findings highlight the role of optimal combination of individual effort within the institutional constraints in order to maximize the chances of success. Under certain situations higher efforts do not necessarily lead to higher chances of making breakthroughs. When individual endowments can be augmented through institutional reward …

Ideology, Inequality And Inequitable Trade Policies, Daron Djerdjian

Daron Djerdjian

Does more wealth inequality lead to more inequitable trade policies? To answer this question, this study develops a political economy model of international trade theory and predicts that in a pro-worker regime, an increase in wealth inequality leads to more equitable trade policies. In a pro-capitalist regime, an increase in wealth inequality leads to more inequitable trade policies. Using cross-country data on political ideology, wealth inequality and different measures of trade policies, this paper finds empirical support for these predictions.

Burnout And Perceived Organisational Support Among Frontline Hospitality Employees, Gabrielle Walters, Michael Raybould

Michael Raybould

This article describes research designed to investigate the relationship between burnout and perceived organisational support (POS) among front-line hospitality employees. Three hundred front-line employees of a multisite hospitality firm were surveyed using an instrument comprising the general survey version of the Maslach Burnout Inventory and the 17-item version of the Survey of Perceived Organisational Support (POS). Significant relationships were found between POS and each of the three burnout dimensions of exhaustion, cynicism and personal efficacy. The findings of this study contribute to the existing academic literature and provide hospitality managers with a better understanding of the factors that contribute to …

Affidavit Of Peter Cramton, Peter Cramton

Peter Cramton

Affidavit arguing that HQ manipulated the NYISO TCC and day-ahead energy markets. On behalf of DC Energy, LLC.

Where Economics Has Been Headed? Multiple Identities And Diversity In Economic Literature, Evidence From Top Journals Over The Period 2000-2006, A First Note, Luigi Campiglio, Raul Caruso

Raul Caruso

This short paper presents some preliminary results of an ongoing research work focusing on richness and diversity of economic literature. The key idea is that each article published in an economic journal retains multiple identities. These multiple identities are captured through the use of JEL codes. A sample of top generalist journals has been selected. The relative abundance of all JEL categories has been computed for the period 2000-2006. Moreover, a degree of diversity has been proposed for both the sampled journals and the entire Econlit database.

What Have We Learned From Experimental Finance?, Shyam Sunder

Shyam Sunder

No abstract provided.

What Have We Learned From Experimental Finance, Shyam Sunder

Shyam Sunder

No abstract provided.

The Impact Of Entrepreneurship Capital On Spanish’S Labor Productivity And Economic Growth, Phd(C) José Luis Massón Guerra

José Luis Massón Guerra, PhD

El objetivo de esta investigación es analizar la relación que existe entre el capital empresarial y la productividad laboral (renta per cápita) en España. Para tal efecto, se utilizará el modelo de impactos del capital empresarial de Audretsch y Keilbach (2004a), que explica las variaciones de la renta per cápita, a partir de la propensión sectorial para crear nuevas empresas. Esta propensión es una medida del capital empresarial que se incorpora en una función de producción Cobb–Douglas (1928) con datos de panel de 75 sectores en un período de seis años, de la misma manera que los factores capital físico, …

Exploring Market Structures With Zero-Intelligence Agents, Shyam Sunder

Shyam Sunder

No abstract provided.

Public–Private Partnerships In A Texas Municipality:The Case Of The City Of Houston Tax Increment Reinvestment Zones, Andrew Ewoh

Andrew I.E. Ewoh

This article examines the public–private partnerships' (PPPs') processes, governance structures, financing, and promotion strategies through tax increment reinvestment zones' (TIRZs') provision in various projects and their impacts in the City of Houston, Texas. In conclusion, the analysis delineates the policy implication of using PPPs or TIRZs as a government reinvention tool in public service delivery in the 21st century and recommends how to implement successful partnerships.