Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 7 of 7
Full-Text Articles in Social and Behavioral Sciences
Introduction, Ken Mccormick
The Economics Of Mandatory Biotech Food Labeling In The United States, William J. Gongol
The Economics Of Mandatory Biotech Food Labeling In The United States, William J. Gongol
Major Themes in Economics
Almost every developed nation in the world except the United States mandates the labeling of genetically modified foods. Upon examining the costs and benefits of mandatory labeling, it appears that this may not be the most efficient solution to deal with varied consumer preferences. The United States government should instead focus on increased scientific research to deal with the externalities of biotechnology.
The Effect Of A Loser-Pays Rule On The Decisions Of An American Litigant, Jaime Leigh Loos
The Effect Of A Loser-Pays Rule On The Decisions Of An American Litigant, Jaime Leigh Loos
Major Themes in Economics
Decisions made by litigants are often not beneficial to society. A rule governing fee allocation in tort cases should encourage meritorious suits and discourage frivolous suits. America is one of the only countries in the world that does not use a loser-pays rule to assign legal costs. Employing a loser-pays rule could make the legal system more efficient and more equitable. The effect of a loser-pays rule is analyzed with economic theory and empirical evidence. Possible limitations of the rule are also considered. A carefully applied system of loser-pays may positively affect the U.S. legal system.
The Impact Of Computers And Globalization On U.S. Wage Inequality, Jana Kerkvliet
The Impact Of Computers And Globalization On U.S. Wage Inequality, Jana Kerkvliet
Major Themes in Economics
The late 1970s and early 1980s was a time of rising wage inequality in the United States, particularly between skilled and unskilled workers. During this time, there was also a dramatic increase in on-the-job computer use. Many economists blamed the increase in computer use for the increase in wage inequality in the United States. That view became known as the skill-biased technological change hypothesis. But there are problems with the hypothesis in nearly every dimension of wage inequality in the U.S. labor market. A better explanation for the increase in wage inequality is the globalization of the U.S. economy.
Terrorism And Multinational Corporations: International Business Deals With The Costs Of Geopolitical Conflict, John J. Mazzarella
Terrorism And Multinational Corporations: International Business Deals With The Costs Of Geopolitical Conflict, John J. Mazzarella
Major Themes in Economics
Long before U.S. Armed Forces were committed to the Global War on Terrorism, multinational corporations were habitually the targets of extremist organizations. The threat of global terrorism has a negative effect on international business and commerce. This paper explores the most significant costs of terrorism on international business and evaluates methods for minimizing the negative economic impact of global terrorism.
The Efficient Markets Hypothesis Dethroned, Jed Ellerbroek
The Efficient Markets Hypothesis Dethroned, Jed Ellerbroek
Major Themes in Economics
Impending changes in social security as well as in corporate and government policies are making individuals more responsible for their retirement savings. As a result, knowledge of investing concepts and financial markets is more important than ever before. The efficient markets hypothesis, the dominant financial markets theory, is described and analyzed. In doing so assumptions are questioned and the three forms of market efficiency are evaluated in quantitative and qualitative fashion to determine whether the efficient markets hypothesis is an accurate view of financial markets. This paper concludes that the efficient markets hypothesis does not accurately describe U.S. stock market …