Social and Behavioral Sciences Commons^™

Entry And Vertical Disintegration, Christiaan Hogendorn

Christiaan Hogendorn

We formalize and extend George Stigler’s famous article “The division of labor is limited by the extent of the market.” We emphasize economies of scale in intermediate goods production as a determinant of firm boundaries and vertical control. We show that there are potential coordination failures which may prevent efficient vertical disintegration, and we discuss how these might be either overcome or used to the advantage of incumbent firms.

Oil For What?—Illicit Iraqi Oil Contracts And The U.N. Security Council, Paul Heaton

Paul Heaton

Over a 6½-year period the Iraqi government issued over 1300 oil contracts through the U.N. Oil-For-Food Program. This paper demonstrates that Security Council members obtained significantly more contracts than non-members and contract receipt is associated with pro-Hussein votes on resolutions. For non-permanent seat holders Council membership is associated with a 46% premium in contract value, while permanent seat holders obtained an estimated benefit of approximately $29 million each over the life of the program. A 10% increase in the probability of casting a pro-Iraq vote on the Council corresponds to $55 million in additional contracts. Contrary to median voter models, …

The Baring Crisis And The Brazilian Encilhamento, 1889-1891: An Early Example Of Contagion Among Emerging Capital Markets, Kirsten Wandschneider, Gail Triner

Kirsten Wandschneider

This article assesses the role of international markets in the brazilian financial crisis of 1890 91 (the crash of the encilhamento). it looks for the impact of the argentine financial crisis in 1890 (the baring crisis) on brazilian access to capital markets. the history of bond yield fluctuations in london for brazilian and argentine debt, exchange rates, data on investment flows and archival and journalistic accounts reveal a close congruence between the argentine and brazilian crises. the effects of the argentine experience carried over to brazil because the open capital and money markets of the period easily transmitted crisis from …

Factor Shares From Household Survey Data, Rodrigo Garcia-Verdu

Rodrigo Garcia-Verdu

An Economic Analysis Of Alternative Policies For Controlling So2 Emissions In The Yangtze River Delta's Electric Generating Sector, Daniel Dudek, Ben Zipperer, Wang Hao, Zhang Jian-Yu, Lin Hong

Ben Zipperer

Mixed-integer optimization model of emissions trading policy effects on the Chinese electric generating sector.

Resource And Peer Impacts On Girls' Academic Achievement: Evidence From A Randomized Experiment, Diane Schanzenbach

Diane Whitmore Schanzenbach

No abstract provided.

Tariffs, Quotas, And The Corrupt Purchasing Of Inappropriate Technology, Neil Campbell

Neil Campbell

This paper develops a simple model where a manager of a firm in a Less-Developed Country (LDC) has the choice of whether or not to purchase an inappropriate technology in return for a bribe (kick-back) from the supplier of the technology. Provided that the manager achieves some minimum level of profit, the manager has a positive probability of not getting caught taking the bribe. The actual size of the bribe is determined by Nash axiomatic bargaining between the manager and the supplier. An interesting and not immediately obvious result is that, under certain circumstances, if the protective instrument is changed …

The Peculiar Externalities Of Professional Team Sports, James Whitney

Jim Whitney

The economics literature has long been divided regarding whether competing sports teams can achieve the same, efficient allocation of playing skills that a revenue-maximizing league monopolist would choose despite the external effects the teams impose on each other in their pursuit of athletic talent. In this article an explicit consideration of the arbitrage incentives that underlie the marketing and pricing of playing skills indicates that decentralized franchises generally fail to allocate talent efficiently. For fans concerned about the championship prospects of their preferred team, the popular complaint has merit: "Big-city teams win too much."

The Well-Timed Strategy: Managing The Business Cycle, Peter Navarro

PETER NAVARRO

No abstract provided.

Cell Phone Roulette & Consumer Interactive Quality, Peter Navarro

PETER NAVARRO

Under current policies, cell phone consumers face a lower probability of finding the best carrier for their usage patterns than winning at roulette. Corroborating survey data consistently show significant dissatisfaction among cell phone users, network performance is a major issue, and customer churn is high. This problem may be traced to a new form of consumer interactive quality characteristic of emergent high technology products such as cell phone and broadband services. This problem is unlikely to be resolved by effective search and sampling, efficient secondary markets, or voluntary carrier disclosure. Traditional one-dimensional disclosure responses to this new variation on an …

On The Use Of Administrative Data For Workforce Development Program Evaluation, Kevin Hollenbeck, Daniel Schroeder, Christopher King, Wei-Jang Huang

Kevin Hollenbeck

No abstract provided.

Solving The Problems Of Economic Development Incentives, Timothy Bartik

Timothy J. Bartik

No abstract provided.

Work And Retirement Plans Among Older Americans, Katharine Abraham, Susan Houseman

Susan N. Houseman

No abstract provided.

Technological Advances In Cancer And Future Spending By The Elderly, Jayanta Bhattacharya, Baoping Shang, Catherine Su, Dana Goldman

Baoping Shang

This paper forecasts the consequences of scientific progress in cancer for total Medicare spending between 2005 and 2030. Because technological advance is uncertain, widely varying scenarios are modeled. A baseline scenario assumes that year 2000 technology stays frozen. A second scenario incorporates recent cancer treatment advances and their attendant discomfort. Optimistic scenarios analyzed include the discovery of an inexpensive cure, a vaccine that prevents cancer, and vastly improved screening techniques. Applying the Future Elderly Model, we find that no scenario holds major promise for guaranteeing the future financial health of Medicare.

The Contemporary Economics Of Transfusions, T. Hannon, Kathy Paulson Gjerde

Kathy A. Paulson Gjerde

Note: full-text not available due to publisher restrictions. Link takes you to an external site where you can purchase the book or borrow it from a local library.

Increasing The Economic Development Benefits Of Higher Education In Michigan, Timothy Bartik

Timothy J. Bartik

No abstract provided.

Engagement With The Land: Redemption Of The Rural Residence Fantasy?, K. Valentine Cadieux

K. Valentine Cadieux

The Relationship Between Pre-Employment Expectations, Experiences, And The Length Of Stay In Public Accounting, M. Padgett, Kathy Paulson Gjerde, S. Hughes, C. Born

Kathy A. Paulson Gjerde

Economic Growth, Saving And Investment, Safdar Khan

Safdar Khan

Extract:
Despite an evident slowdown in major economies around the global amidst a sustained rise in international oil prices, the domestic economy surpassed its growth target by a wide margin for the third consecutive year, witnessing a growth rate of 8.4 percent in FY05, the highest during the last two decades (see Figure 2.1 & 2.2).