Social and Behavioral Sciences Commons^™

When Is A Man's Life Worth More Than His Human Capital?, Ted Bergstrom

Ted C Bergstrom

This paper develops a "subjectivist" theory of the value that individuals place on risks to their lives. It explains the paradox that although individuals may view their lives as priceless, they still will take small risks for a finite amount of money. Typical public projects that alter risks to life result in small changes in survival probability for a large number of people. Standard tools of benefit cost can therefore be applied, where statistical lives saved are valued at a price equal to the marginal rate of substitution between survival probability and wealth. This "value" is compared to human capital …

Entrevista A Jorge Luis Borges: El Otro, El Mismo, Jose Luis Sardon

Jose Luis Sardon

No abstract provided.

A Theory Of Economic Loss In The Law Of Torts, Mario Rizzo

Mario Rizzo

This article contains a general theory that explains why pure economic loss ( that is, financial loss not associated with physical harm to the person or property of the plaintiff) is not to be recoverable at times and is recoverable at other times. The theory stresses the importance in the law of reducing contracting costs while still providing incentives to avoid true social costs.

Our Stake In The Electric Utility's Dilemma, Peter Navarro

PETER NAVARRO

No abstract provided.

The Choice Of Money Market Fund, Thomas Berry

Thomas D Berry

No abstract provided.

The Internationalization Of The American Economy: The Textile Industry, Joseph Pelzman

Joseph Pelzman

No abstract provided.

A Note On Uncertain Lifetimes: A Comment, Joseph Pelzman, Don Rousslang

Joseph Pelzman

No abstract provided.

Economics Departmental Rankings: Research Incentives, Constraints, And Efficiency, Philip E. Graves, James R. Marchand, Randall Thompson

PHILIP E GRAVES

There is no abstract for this article; it begins with the Introduction.

Morbidity And Pollution, Ronald J. Krumm, Philip E. Graves

PHILIP E GRAVES

Time-series analysis of effects of pollutants on emergency hospital admissions indicates important synergistic interactions among pollutants and to a lesser degree nonlinearities in effects of single pollutants. Comparisons of alternative econometric specifications are made to determine the appropriateness of incorporating nonuniform pollution impacts. The data substantially support the existence of synergisms among pollutants with high levels of sulfur dioxide, SO, (particulates), increasing the impact of particulates (SO,) on emergency hospital admissions. Marginal effects of either pollutant are, however, small at current ambient air quality levels. These results indicate that damage estimates were likely to be understated during the 1960’s when …

Southern California’S Housing Crisis, A. Studenmund

A. H. Studenmund

No abstract provided.

The Free-Fare Transit Experiment, A. Studenmund, D Connor

A. H. Studenmund

This paper summarizes and evaluates the results of experiments which consisted of the elimination of bus fares in off-peak in the cities of Trenton, New Jersey and Denver, Colorado. Because the data in Denver had significant weaknesses, the specific figures cited herein are for Trenton (more accurately, Mercer County, New Jersey); the results of the two experiments were essentially identical, however, so the conclusions drawn are made in a more general context. The evaluation found that the net ridership increase during the demonstration was on the order of 15% (about 45% during the off-peak periods). This included the combined effects …

A Socioeconomic Analysis Of Schooling In Ethiopia, Asayehgn Desta

Asayehgn Desta

The Effect Of The Alternative Regional Delineations On Historical Interpretation: U.S. Manufacturing In The Mid-Nineteenth Century, Robert L. Sexton

Robert L Sexton

No abstract provided.

The Effect Of The Alternative Regional Delineations On Historical Interpretation: U.S. Manufacturing In The Mid-Nineteenth Century, Robert L. Sexton

Robert L Sexton

No abstract provided.

On The Possibility Of An Inverse Relationship Between Tax Rates And Government Revenues, Don Fullerton

Don Fullerton

When Arthur Laffer and other 'supply side advocates' plot total tax revenue as a function of a particular tax rate, they draw an upward-sloping segment called the normal range, followed by a downward-sloping segment called the prohibitive range. A brief literature review indicates that tax rates on the prohibitive range in theoretical and empirical models have been the result of particularly high tax rates, high elasticity parameters, or both. The labor tax rate which maximizes total revenue, for example, will depend on the assumed labor supply elasticity. This paper introduces a new curve which summarizes the tax rate and elasticity …

Post-Tefra Holding Company Strategies, David Randall Jenkins

David Randall Jenkins, Ph.D.