Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
Economic Education And Government Reform In The Republic Of Georgia, Craig Macphee
Economic Education And Government Reform In The Republic Of Georgia, Craig Macphee
Department of Economics: Faculty Publications
The author describes public education through the media and training for government officials and for journalists undertaken as part of economic reform efforts in the Republic of Georgia of the former Soviet Union. The article concludes with a discussion of the necessary conditions for success of these broad-based educational efforts.
Teacher And Student Economic Understanding In Transition Economics, William Walstad, Ken Rebeck
Teacher And Student Economic Understanding In Transition Economics, William Walstad, Ken Rebeck
Department of Economics: Faculty Publications
This study describes a new data set and uses it for an exploratory investigation of whether seminars for teachers conducted by the National Council on Economic Education through its International Education Exchange Program (IEEP) had a beneficial effect on the economic understanding of the high school students of these teachers. The data were collected using a non- equivalent control group design that sorted teachers into two groups based on whether or not they participated in an IEEP seminar. Pre- and post-tests of economics were administered to the students of these teachers in Lithuania, Ukraine, Kyrgyzstan, and Poland. The exploratory results …
Pay And Productivity In A Corporatist Economy: Evidence From Austria, Scott M. Fuess Jr., Meghan Millea
Pay And Productivity In A Corporatist Economy: Evidence From Austria, Scott M. Fuess Jr., Meghan Millea
Department of Economics: Faculty Publications
Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes that pay increases can lead to productivity improvements. But would such results be observed in a corporatist economy with centralized bargaining? For the case of Austria, a corporatist archetype, this study uses an innovative technique developed by Geweke to disentangle the relationship between pay and productivity. There already has been empirical evidence that pay demands in corporatist economies are relatively modest. Moreover, it has been claimed that corporatist coordination enhances the efficiency of labor contracts, by providing a mechanism to adjust to aggregate shocks. …
Differential Efficiency, Market Structure, And Price, Azzeddine Azzam, David Rosenbaum
Differential Efficiency, Market Structure, And Price, Azzeddine Azzam, David Rosenbaum
Department of Economics: Faculty Publications
A persistent question in industrial economics is the underpinning of the link between market concentration and price. How much of the link can be attributed to market power and how much to market efficiency? This paper develops a theoretical model to address that question. Applied to the US portland cement industry, the model indicates that both impacts matter. In relative terms, however, the market power effect is twice as large as the efficiency effect. An implication for merger policy is that the beneficial efficiency effects of mergers may not be obtained without the detrimental market power effects as well.