Social and Behavioral Sciences Commons^™

The Income Elasticity Of Corporate Contributions, Peter Navarro

PETER NAVARRO

No abstract provided.

Stock Banks And Mutual Banks, Eric Bennett Rasmusen

Eric Bennett Rasmusen

Because mutual banks do not allow shareholders to discipline bad managers and so have higher costs, they have been disappearing since bank entry deregulation in the 1980's. They were common before regulation in the 1930's, and are more common in the 19th century. I propose that this is because of the absence of deposit insurance. Depositors wanted safety more than low operating costs, and a mutual manager, in a cushy job he could not lose except by bankrupting his firm, would also value safety.

Comparative Energy Policy: The Economics Of Nuclear Power In Japan & The U.S., Peter Navarro

PETER NAVARRO

No abstract provided.

How Markets For Impure Public Goods Organize, Peter Navarro

PETER NAVARRO

No abstract provided.

A Pollution Control Approach To Analysis Of The Balanced Budget Amendment, Robert L. Sexton, Dwight R. Lee

Robert L Sexton

Fiscal Pollution (excessive budget deficits), in certain aspects, is like environmental pollution. In both types of pollution some, possibly most individuals would be willing to reduce their own pollution if others would do the same. In the case of fiscal pollution individuals would be willing to give up their special interest demands if others would reciprocate in kind. But as long as individuals are forced to pay for the programs of others there is little incentive to reduce their own demands. Hence, restraints on political hehavior such as a balanced budget amendment to the U.S. Constitution are needed to control …

Recovering Event Histories By Cubic Spline Interpolation, Ted Bergstrom, David Lam

Ted C Bergstrom

If event histories are recorded in discrete intervals of times, errors are introduced when the data are converted from the unit in which they were recorded, such as date, to another unit such as age or duration. The problem is illustrated by the inconsistent age at marriage schedules published by two recent U.S. censuses. This paper develops a general method for fixing problems of this kind by using cubic spline interpolation. We use the method to adjust U.S. age at marriage data, thus resolving a large proportion of the discrepancy between 1960 and 1970 censuses.

Entry For Buyout, Eric Bennett Rasmusen

Eric Bennett Rasmusen

Entry into a monopolized industry may be profitable if the entrant is bought out even if it would be unprofitable to enter for continuing operation. The stronger is duopoly competition, the greater is the incentive for buyout, so an incumbent's toughness in produce-market competition may be his own undoing. Evidence from the 1890's shows examples of entry for buyout.

Imperfect Competition And Import Penetration, James Whitney

Jim Whitney

No abstract provided.

A Test For Efficiency In The Supply Of Public Goods, Ted Bergstrom, Judith Roberts, Daniel Rubinfeld, Perry Shapiro

Ted C Bergstrom

This paper conducts an empirical test of whether local governments spend more or less than a Pareto optimal amount on local public goods. Our procedure is to check whether the Samuelson first order conditions ) for efficient provision of public goods are satisfied.

A Test For Efficiency In The Supply Of Public Goods, Ted Bergstrom, Judith Roberts, Daniel Rubinfeld, Perry Shapiro

Daniel L. Rubinfeld

This paper conducts an empirical test of whether local governments spend more or less than a Pareto optimal amount on local public goods. Our procedure is to check whether the Samuelson first order conditions ) for efficient provision of public goods are satisfied.

The Multifiber Arrangement: Is There A Future Post Uruguay Round?, Joseph Pelzman

Joseph Pelzman

No abstract provided.

The Robustness Of Hedonic Price Estimation, Philip E. Graves, James C. Murdoch, Mark A. Thayer, Donald M. Waldman

PHILIP E GRAVES

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

On Mandatory Deposits, Fines, And The Control Of Litter, Dwight R. Lee, Philip E. Graves, Robert L. Sexton

PHILIP E GRAVES

Mandatory deposits on beverage containers have received enthusiastic support among environmentalists as a means of controlling litter. In modeling the fficts of a deposit on litter generation and recovery it is found that this enthusiasm is well iustified. Interestingly enough, few supporters of deposits seem to realize how justified their support is, as evidenced by their lack of enthusiasm for eliminating the littering fine which serves to dilute the effectiveness of the deposit. The most efficient solution possible when a fine is combined with a deposit is shown to require less littering, but more litter, than is an efficient solution …

Book Review Of Communities On The Way: "Rebuilding Local Economies In The United States And Canada, John Mullin

John R. Mullin

Many planners caught up in the everyday struggle of preparing zoning bylaws, subdivision regulations, and goverment grants-in-aid often wonder what is happening with that dedicated group of what seem to be counter-culturists across town who are attempting to bring increased prosperity to the community through community-based economic development (CED) initiatives. Rarely communicating with them, perceiving them as outside the political mainstream, infrequently helping them, and often treating them with disdain, too many planners see them as little more than the last vestiges of the grassroots movements of the 1960's. That is a mistake for, as Stewart Perry, president of the …

Risk-Return And The Relative Pricing Of Darp, Thomas Berry, John Houston

Thomas D Berry

No abstract provided.

Some Guidelines For Assessing The Size Of Lack-Of-Marketability Discounts, Thomas Berry, Don Shannon

Thomas D Berry

No abstract provided.

Comparing Economic Systems: A Political-Economic Approach, Howard Sherman

HOWARD J SHERMAN

No abstract provided.

Mind And Hand: Economics And Engineering At The Massachusetts Institute Of Technology, Richard Adelstein

Richard Adelstein

The role of political economy in the curriculum of MIT, with special attention to the thought of Francis Amasa Walker.

Africa's External Debt In Perspective, Asayehgn Desta

Asayehgn Desta

Revenue Sharing As An Incentive In An Agency Problem : An Example From The National Football League, Scott E. Atkinson, Linda R. Stanley, John T. Tschirhart

John T Tschirhart

We consider a professional sports league's use of a well-defined incentive mechanism, revenue sharing, to encourage the desired behavior of teams in the league. The incentive mechanism works by internalizing externalities that arise across agents (the team owners). We find revenue sharing to be a potentially powerful incentive scheme because in this setting it encourages an optimal distribution of resources among agents. Its effectiveness is mitigated, however, by agents who enjoy private, nonmonetary benefits that are not shared. Using data from the National Football League, we examine how well the propositions explain observed behavior in this relationship.

Tax Neutrality And Intangible Capital, Don Fullerton, Andrew Lyon

Don Fullerton

The Tax Reform Act of 1986 (TRA) attempts to "level the playing field" between equipment and other tangible assets by repealing the investment tax credit that was available only for equipment. This change may not increase economic efficiency, however, if there exist substantial amounts of intangible capital. Advertising along with research and development (R & D) are viewed as investments in goodwill and production expertise. As forms of intangible capital, they receive the significant tax advantage of immediate expensing rather than delayed depreciation deductions. This chapter finds that effective tax rates are mismeasured when this investment is ignored. The United …

Una Matriz De Contabilidad Social De La Economia Española, Timothy Kehoe, Antonio Manresa, Clemente Polo, Ferran Sancho

Ferran Sancho

We explain the procedure followed to build the first social accounting matrix for the Spanish economy. Data sources and data reconciliation are explained as well as the overall national accounting structure where the matrix is embedded.