Social and Behavioral Sciences Commons^™

Growth Effects Of Subsidies In A Search Theoretic R&D Model: A Quantitative Evaluation, Benjamin Bental, Dan Peled

Department of Economics Research Reports

No abstract provided.

Estimation Of Dynamic Decision Models With Corner Solutions: A Model Of Price And Inventory Decisions, Victor Aguirregabiria

Department of Economics Research Reports

No abstract provided.

Left- And Right-Endogenous Money - A Tale Of Two Books: Steven Horwitz, Monetary Evolution, Free Banking, And Economic Order And L. Randall Wray, Money And Credit In Capitalist Economies; The Endogenous Money Approach, M June Flanders

Department of Economics Research Reports

No abstract provided.

Generation X, Search Theory, And The U.S.-Canadian Unemployment Rate And Wage Inequality Gaps During The 1980s, Audra J. Bowlus

Department of Economics Research Reports

No abstract provided.

Notes On The Microfoundations Of Monetary Economics, David Laidler

Department of Economics Research Reports

No abstract provided.

Contract Damages And Cooperative Investments, Yeon-Koo Che, Tai-Yeong Chung

Department of Economics Research Reports

No abstract provided.

A Model Of Demand With Interactions Among Consumers, Robin Cowan, William Cowan, Peter Swann

Department of Economics Research Reports

No abstract provided.

The Optimal Timing Of Procurement Decisions And Patent Allocations, Motty Perry, Daniel R. Vincent

Department of Economics Research Reports

No abstract provided.

Let's Agree That All Dictatorships Are Equally Bad, Uzi Segal

Department of Economics Research Reports

No abstract provided.

Wealth Inequality And Age, James B. Davies

Department of Economics Research Reports

No abstract provided.

Fitting Equilibrium Search Models To Labor Market Data, Audra J. Bowlus, Nicholas M. Kiefer, George R. Neumann

Department of Economics Research Reports

No abstract provided.

The Long-Run Costs Of Moderate Inflation, Gregory Hess, Charles S. Morris

CMC Faculty Publications and Research

Long-run price stability is generally considered to be a primary goal of monetary policymakers in many countries. One reason policymakers care about inflation is that it can harm economic performance. Numerous studies of the impact of inflation on economic performance have focused on whether increases in inflation reduce economic growth in the long run (Barro, Fischer 1993, Bruno and Easterly, and Clark). These studies have found that prolonged high inflation does in fact reduce economic growth, but they were not able to detect a significant long-run relationship between real growth and low or moderate inflation. Because anti-inflationary policies typically have …

The Economics Of Wind Power: The World, The United States, And At The College Of Saint Benedict/Saint John's University, Mason Vernon Sorenson

Honors Theses, 1963-2015

No abstract provided.

Estimates Of The Natural Rate Of Unemployment Based On Married Males And Married Females, Pamela Bowers

Masters Culminating Experiences (1993-2011)

The natural rate of unemployment is always estimated using rates of unemployment for married males, yet no substantiated criteria exists for this choice. This study compares estimates of the natural rate of unemployment based on the unemployment rates of married males and married females, which are used in estimating the Phillips curve. The results shows that the two series exhibit similar trends over the study period, but the female-based series is lower. This implies that the natural rate is not independent of the demographic group chosen to estimate it. The basis for the study is a 1993 article by Stuart …

An Analysis Of The Economic Implications Of The Proposed Merger Between Randolph Township And The Village Of Clayton, Michael V. Wainscott

Masters Culminating Experiences (1993-2011)

This study was conducted to determine the economic implications of the proposed merger between the Village of Clayton and unincorporated Randolph Township, as well as critique the plan laid out by the Merger Commission. The focus of the study was to compare the expenditures of ten area cities with the proposed expenditures of the Merger Commission as described in their May 7 Preliminary Report. In addition, economic trends in the area were examined to fully gauge the impact of the merger on the Northmont area.

It is clear from this study that the proposed budget of the new city will …

Cost Scale-Up Factors For Airport Construction, Donald S. Remer, Christopher Wong '96

All HMC Faculty Publications and Research

Engineers must often make a quick "ballpark" cost estimate of a new plant, facility, or piece of equipment before the detailed design phase. One easy way to obtain such an estimate is to base the cost on a known cost for a similar plant, facility, or piece of equipment by using the ratio of the capacities or sizes of the known and proposed item raised to an exponent R. This predesign cost-estimating approach is especially useful for doing sensitivity analyses and feasibility studies for which a high degree of accuracy is not required. This cost-capacity or power-factor model was …

Kentucky Annual Economic Report 1996, Mark C. Berger, Michael A. Webb, Richard W. Furst, Steven N. Allen

Kentucky Annual Economic Report

No abstract provided.

Arkansas And The U.S. Economy In The Late 20th Century: Reinventing Ourselves Inside Out For A Better Tomorrow, Don P. Diffine Ph.D.

Belden Center Books

Arkansas is truly an ideal spot in our great land. Situated at the buckle of the Sunbelt, Arkansas is benefiting from the northeast-to-southwest shift of population in the United States. The migration from frostbelt to sunbelt, and the economic emergence of the southern tier of states, have thrust our Natural State into the middle of today's action. A full 50 percent of the U.S. population is within a 550-mile radius of Arkansas' borders. More than 1,000,000 people live within a one-hour's drive of our state Capital.

The entire mid-south has been an underdeveloped region in the past, but it is …

1996 American Incentive System Almanac, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.

The All-Pay Auction With Complete Information, Michael R. Baye, Dan Kovenock, Casper G. De Vries

Economics Faculty Articles and Research

In a (first price) all-pay auction, bidders simultaneously submit bids for an item. All players forfeit their bids, and the high bidder receives the item. This auction is widely used in economics to model rent seeking, R&D races, political contests, and job promotion tournaments. We fully characterize equilibrium for this class of games, and show that the set of equilibria is much larger than has been recognized in the literature. When there are more than two players, for instance, we show that even when the auction is symmetric there exists a continuum of asymmetric equilibria. Moreover, for economically important configurations …

Effect Of Regulation On Banking: California 1879-1929, Lynne Doti, Richard Runyon

Economics Faculty Articles and Research

California had a virtually unregulated banking environment until the first comprehensive banking regulations were passed in 1905. These regulations, and subsequent changes in 1909, required reserves and paid-up capital. Several tests of commonly accepted measures of safety, such as bank reserves, paid-up capital, bank failures, and real estate loans that resulted in foreclosure, are compared for selected years before and after the regulations. Results do not clearly demonstrate that regulation enhanced the safety of individual banks, but do support the conclusion that regulation enhanced the safety of the banking system as a whole.

Growth Lectures, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1982, October). Growth lectures [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1998, September 24). Module on the foundations of growth theory [Reading list; unpublished manuscript].

• Shaikh, A., PhD. (1982, October 15). Kalecki’s political aspects of full employment [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1991, November 21). Possibilities of growth in a capitalist economy: Historical overview [Diagram; unpublished manuscript].

• Shaikh, A., PhD. (n.d.). Growth, Marx, and Harrod [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1996, May 28). Buenos Aires II: Growth, effective demand, crises [Handwritten notes; unpublished manuscript]. …

Financial And Economic Criteria For The Pirvatization (Sic) Of Public Enterprises, Sherine Badie Al-Ashrafy

Archived Theses and Dissertations

No abstract provided.

Preference For Information, Simon Grant, Atsushi Kajii, Ben Polak

Cowles Foundation Discussion Papers

What is the relationship between an agent’s attitude towards information, and her attitude towards risk? If an agent always prefers more information, does this imply that she obeys the independence axiom? We provide a substitution property on preferences that is equivalent to the agent (intrinsically) liking information in the absence of contingent choices. We use this property to explore both questions, first in general, then for recursive smooth preferences, and then in specific recursive non-expected utility models. Given smoothness, for both the rank dependence and betweenness models, if an agent is information-loving then her preferences can depart from Kreps and …

Learning And Strategic Pricing, Dirk Bergemann, Juuso Välimäki

Cowles Foundation Discussion Papers

We consider the situation where a single consumer buys a stream of goods from different sellers over time. The true value of each seller’s product to the buyer is initially unknown. Additional information can be gained only by experimentation. For exogenously given prices the buyer’s problem is a multi-armed bandit problem. The innovation in this paper is to endogenize the cost of experimentation to the consumer by allowing for price competition between the sellers. The role of prices is then to allocate intertemporally the costs and benefits of learning between buyer and sellers. We examine how strategic aspects of the …

The Effects Of Family Planning On Malnutrition In Bangladesh, Ridwan Al-Rahman

Masters Theses

Some of the best historical and archeological evidence has claimed that about a million years was required for the human race to reach the 250 million mark by the beginning of the Christian era. Pestilence, famine and war had then reduced the population increase to a tiny fraction of 1% per year, requiring 16 centuries for the world population to double to 500 million. However, by 1850, 250 years later, the population doubled to the one billion mark. As of 1993, approximately one and a half centuries later, the world population stood at about 5.5 billion. According to United Nations …

Poverty And Rural Policy In South Africa, Malose Hilton Ledwaba

Masters Theses

Poverty in South Africa is a rural and urban problem. It is endemic to the rural environment where the majority of the people live. It is transferred to the urban areas through labor migration.

Rural people depend on agriculture for subsistence. Apart from subsistence farming there are no employment opportunities. The choice for a rural young man is to be a subsistence farmer or a migrant laborer. The industrial sector is unable to offer a job for everyone. Thus, the rural migrant’s dream of a city job often becomes an unemployment nightmare.

I argue, therefore, that poverty can best be …

Wage And Employment Effects Of The North American Free Trade Agreement On The U.S. Manufacturing Sector, Abm Ekramul Nasir

Masters Theses

According to the conventional theories of international trade, trade liberalization equalizes factor prices across countries involved in trade. The North American Free Trade Agreement (NAFTA) is a newer form of regional economic integration between a developing country, Mexico, and two developed countries, the United States and Canada. Complying with proposition of conventional theories, it is rational to expect that NAFTA will lead to equalization of factor prices among theses three countries. On the other hand, the existence of a wide gap in wages between the United States and Mexico may lead to lower wages in the U.S.A. This study, however, …

Money Demand Determination In China, Jiang Wu

Masters Theses

This paper provides an estimation of the money demand in China using a basic theoretical framework based on the quantity theory of money. Besides conventional independent variables included in the quantity theory of money, both the expected rate of inflation (serving as the measure of the opportunity cost of holding money) and the extent of monetization in China (serving as an institutional variable) are included in the money demand function. It is supposed that changes in the demand for money in China between 1952 to 1989 were highly correlated with the institutional shifts in monetary sector.

An Argument For The Nationalization Of Railroad Rights-Of-Way, John T. Flint

Presidential Scholars Theses (1990 – 2006)

Transportation is a crucial element in any economy. With such a large portion of the United States' economy centered around transportation, an efficient system of moving goods would be in the nation's best interest.

Competitive markets are the most effective mechanism for allocating resources efficiently. An efficient transportation system, therefore, would be one where competition among carriers is the norm. 1

Enormous infrastructure costs prohibit new railroads from entering the market, and prevent existing railroads from competing with trucks for freight transportation revenues. This paper focuses on the lack of competition in the railroad industry and attempts to demonstrate why …