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Articles 1 - 24 of 24
Full-Text Articles in Social and Behavioral Sciences
Monopoly Supply, G. K. Kripalani, G. S. Tolley, Philip E. Graves, Robert L. Sexton
Monopoly Supply, G. K. Kripalani, G. S. Tolley, Philip E. Graves, Robert L. Sexton
PHILIP E GRAVES
There is no abstract for this brief contribution.
From Pessimism To Optimism, Gregory J. Brock
The Supreme Court Of Statistics, Gregory J. Brock
The Supreme Court Of Statistics, Gregory J. Brock
Gregory J. Brock
No abstract provided.
Торговля Должна Обогатить Страну, Gregory J. Brock
Торговля Должна Обогатить Страну, Gregory J. Brock
Gregory J. Brock
No abstract provided.
Lietuvos Sienu Kontrole - Laikina Priemone, Gregory J. Brock
Lietuvos Sienu Kontrole - Laikina Priemone, Gregory J. Brock
Gregory J. Brock
No abstract provided.
On The Road To Economic Independence, A Policy Perspective, Gregory J. Brock
On The Road To Economic Independence, A Policy Perspective, Gregory J. Brock
Gregory J. Brock
No abstract provided.
Arbitrage And The Savings Behavior Of State Governments, Gilbert E. Metcalf
Arbitrage And The Savings Behavior Of State Governments, Gilbert E. Metcalf
Gilbert E. Metcalf
The federal tax code creates strong incentives for tax arbitrage on the part of state governments. This arbitrage activity is illegal and previous research has typically assumed that the constraint against arbitrage activity is binding. This paper explicitly tests this proposition by considering whether financial asset holdings increase as the yield spread between taxable and tax exempt securities rises. Using a data set on 40 state governments over a seven year period, I find that there is a significant response to changes in the yield spread. One implication of these results is that the Tax Reform Act of 1986, which …
Diseconomies Of Scale In Employment Contracts, Eric Bennett Rasmusen, Todd Zenger
Diseconomies Of Scale In Employment Contracts, Eric Bennett Rasmusen, Todd Zenger
Eric Bennett Rasmusen
We find that small teams can write more efficient incentive contracts than large teams when agents choose individual effort levels but the principal observes only the joint output. This result is helpful in understanding organizational diseconomies of scale and is consistent with both existing evidence and our own analysis of data from the Current Population Survey. Our modelling approach, similar to classical hypothesis testing, is of interest because we need not derive the optimal contract to show the advantage of small teams.
Electricity Price Shocks And International Trade, Peter Navarro
Electricity Price Shocks And International Trade, Peter Navarro
PETER NAVARRO
No abstract provided.
Efficiency Mages. Mark-Up Pricing And Effective Demand, Peter Skott
Efficiency Mages. Mark-Up Pricing And Effective Demand, Peter Skott
Peter Skott
The combination of an efficiency wage approach with the explicit consideration of pricinq and product market conditions leads to the existence of a unique NAIRU. The value of the NAIRU can be influenced by a variety of supply side policies but aqqreqate demand policies may also play a role. The effort function will be related to workers' waqe aspirations and if waqe aspirations depend on past outcomes of the distributional struqqle then an important element of hysteresis is introduced into the system. Expansionary demand policies which increase employment will be asaociated with unanticipated inflation. Real waqes will fall below the …
Hayek's Four Tendencies Toward Equilibrium, Mario J. Rizzo
Hayek's Four Tendencies Toward Equilibrium, Mario J. Rizzo
Mario Rizzo
F.A. Hayek uses the concepts of "equilibrium" and the "tendency toward equilibrium" in a number of senses that are subtly, but importantly, different from each other. This article elucidates those differences and puts them in the context of his theoretical work. As far as I know, this is still the only article that undertakes this analysis.
Cartel Enforcement With Uncertainty About Costs, Peter Cramton, Thomas R. Palfrey
Cartel Enforcement With Uncertainty About Costs, Peter Cramton, Thomas R. Palfrey
Peter Cramton
What cartel agreements are possible when firms have private information about production costs? For private cost uncertainty we characterize the set of cartel agreements that can be supported, recognizing incentive and participation constraints. If defection results in either Cournot or Bertrand competition, the incentive problem in large cartels is severe enough to prevent the cartel from achieving the monopoly outcome. However, if the cartel agreement requires less than unanimous ratification by the member firms, then the incentive problem can be overcome in large cartels. With common cost uncertainty, perfect collusion is possible in large cartels, regardless of the ratification rule.
Positive Residues Involved In The Voltage-Gating Of The Mitochondrial Porin-Channel Are Localized In The External Moiety Of The Pore, Philadelphia University
Positive Residues Involved In The Voltage-Gating Of The Mitochondrial Porin-Channel Are Localized In The External Moiety Of The Pore, Philadelphia University
Philadelphia University, Jordan
No abstract provided.
A Note On Drinking, Driving, And Enforcement Costs, Philip E. Graves, Dwight Lee, Robert L. Sexton
A Note On Drinking, Driving, And Enforcement Costs, Philip E. Graves, Dwight Lee, Robert L. Sexton
PHILIP E GRAVES
There was no abstract for this brief note.
Food Safety Policy Fights: A U.S. Perspective, Julie Caswell
Food Safety Policy Fights: A U.S. Perspective, Julie Caswell
Julie Caswell
Perspective is very important in understanding the area of food safety. This importance is illustrated by a favorite cartoon of mine that features an older, experienced mouse giving advice to a young mouse. The older mouse, in wrapping up, says to the younger, "... and stay away from scientists— they cause cancer." Facing an avalanche of infor-mation on links between diet and health, consumers may, in frustration, sympathize with the mouse's view, and are having some difficulty sorting out which are the important cause-and-effect relation-ships. Government and industry also are struggling to develop a coherent approach to food safety and …
Book Review Of America's Ailing Cities: Fiscal Health And The Design Of Urban Policy, John Mullin
Book Review Of America's Ailing Cities: Fiscal Health And The Design Of Urban Policy, John Mullin
John R. Mullin
Over the past decade it has become increasingly clear that many of our larger cities are slowly and steadily moving toward fiscal hard times. Often this trend has been hidden by the polish, glitter, and glitz of showplace downtowns, shopping plazas, and highrise office complexes. Other times it has been hidden by defrayed maintenance of infrastructure, a subtle erosion of services to specific sub-groups in the community, or the collapse of capital improvement planning.
Strategy And Structure: Reconceiving The Relationship, Herman L. Boschken
Strategy And Structure: Reconceiving The Relationship, Herman L. Boschken
Herman L. Boschken
Discussions have drawn attention to the relationship between strategy and structure for much of the last quarter century. Yet, no firm basis has emerged to settle the issue of causal direction or to affirm the relationship's effects on organizational performance. By adding a new dimension to the strategy-structure model, this article attempts to conceptually link long-term performance with (a) the presence of subunits having distinctive competence in strategic planning and (b) the coordination of these differentiated subunits into a discernible micro-structure embedded within the overall organization. This new dimension is explored and developed by use of a case of the …
Utility Function And Fiscal Illusion From Grants, Yeung-Nan Shieh, J. P. O'Brien
Utility Function And Fiscal Illusion From Grants, Yeung-Nan Shieh, J. P. O'Brien
Yeung-Nan Shieh
No abstract provided.
Testing Oligopolistic And Oligopsonistic Behaviour: An Application To The U.S. Meat-Packing Industry, Azzeddine Azzam, Emilio Pagoulatos
Testing Oligopolistic And Oligopsonistic Behaviour: An Application To The U.S. Meat-Packing Industry, Azzeddine Azzam, Emilio Pagoulatos
Azzeddine Azzam
This paper extends the conjectural approach in industrial organization to the analysis of imperfections in output and factor markets. Starting from the specification of a production function, the econometric analysis is based on the formulation and estimation of a simultaneous-equation model consisting of production function, first-order conditions associated with factor employment, and two conjectural elasticities to parameterize the industry's oligopoly and oligopsony equilibria. As an example, we provide and application to the U.S. meat-packing industry. Our results suggest that the industry exercises market power in both the output (meat) market and the factor (live animal) market.
Microeconomic Principles In Action, James Whitney, Robert Moore
Microeconomic Principles In Action, James Whitney, Robert Moore
Jim Whitney
No abstract provided.
Positive Residues Involved In The Voltage-Gating Of The Mitochondrial Porin-Channel Are Localized In The External Moiety Of The Pore, Philadelphia University
Positive Residues Involved In The Voltage-Gating Of The Mitochondrial Porin-Channel Are Localized In The External Moiety Of The Pore, Philadelphia University
Philadelphia University, Jordan
No abstract provided.
Problematic Relations: Franchising And The Law Of Incomplete Contracts, Gillian K. Hadfield
Problematic Relations: Franchising And The Law Of Incomplete Contracts, Gillian K. Hadfield
Gillian K Hadfield
This paper explores an alternative approach to the analysis of franchise contracts which takes seriously their unavoidable incompleteness. The point of departure is the fundamental insight of relational contracting theory, namely that when a contract is embedded within an identifiable relationship, such as the franchise relationship, contractual obligations are often modified, supplemented or completely supplanted by the norms of the ongoing relation. Thus far, the explication of this insight has been along largely theoretical lines. My objective in this article is to further develop the theoretical analysis of the importance of relational elements in order to fashion operational guidelines for …
Distribución De La Renta En Un Modelo Sam De La Economía Española, Clemente Polo, David W. Roland-Holst, Ferran Sancho
Distribución De La Renta En Un Modelo Sam De La Economía Española, Clemente Polo, David W. Roland-Holst, Ferran Sancho
Ferran Sancho
A methodology to study income position shifts in response to public policies is introduced and applied to Spanish data.
Hedonic Prices And Public Goods: An Argument For Weighting Locational Attributes By In Hedonic Regressions By Lot Size, George R. Parsons
Hedonic Prices And Public Goods: An Argument For Weighting Locational Attributes By In Hedonic Regressions By Lot Size, George R. Parsons
George Parsons
No abstract provided.