Open Access. Powered by Scholars. Published by Universities.®
- Discipline
- Institution
- Keyword
- Publication
- Publication Type
Articles 1 - 7 of 7
Full-Text Articles in Behavioral Economics
The Role Of Patronage In Public Wage Determination, John Fessick
The Role Of Patronage In Public Wage Determination, John Fessick
Business and Economics Honors Papers
Patronage politics and government behavior, in general, lend themselves to economic model building and empirical analysis. They both require human processes to function. They are human institutions - shaped and molded by people. Because human beings are so vital a part of government and the behavior of decision-makers within that institution, assumptions of self-interest and the rational man lead to important implications which are necessary to the understanding and reshaping of government in order for it to work for the "common good." Only by understanding the framework of government and presenting an accurate picture of human behavior within that framework …
Sequential Bargaining Mechanisms, Peter Cramton
Sequential Bargaining Mechanisms, Peter Cramton
Peter Cramton
The introductory discussion presented in this chapter considers the simplest type of sequential bargaining games in which the players’ time preferences are described by known and fixed discount rates. I begin by characterizing the class of perfect bargaining mechanisms, which satisfy the desirable properties of incentive compatibility (i.e., each player reports his type truthfully), individual rationality (i.e., every potential player wishes to play the game), and sequential rationality (i.e., it is never common knowledge that the mechanism induced over time is dominated by an alternative mechanism). It is shown that ex post efficiency is unobtainable by any incentive-compatible and individually …
A Study Of Wage Contour Determinants For Northern Minnesota, Robert D. Ley, William A. Wines
A Study Of Wage Contour Determinants For Northern Minnesota, Robert D. Ley, William A. Wines
Journal of the Minnesota Academy of Science
This paper reports the findings of a study designed to profile wages and employment in northern Minnesota. Because of differences in the structure of the local economy and differences in the composition of the labor force, we hypothesized that studies done for other regions as well as national studies might produce misleading information if applied to northern Minnesota. The study is based on responses to 1400 mail surveys distributed in 1983 in four cities in northern Minnesota: Bemidji, Brainerd, Fergus Falls, and Grand Rapids. We found some surprising differences between the workforces in the four cities. Our overall impression was …
The Relationship Of Corporate Policy Decisions And Financial Leverage: An Empirical Analysis, Thomas Berry, John Houston
The Relationship Of Corporate Policy Decisions And Financial Leverage: An Empirical Analysis, Thomas Berry, John Houston
Thomas D Berry
No abstract provided.
The Impact Of Federal Tax Changes Of The Cost Of Debt For State And Local Governments, Thomas Berry, Edward Farragher
The Impact Of Federal Tax Changes Of The Cost Of Debt For State And Local Governments, Thomas Berry, Edward Farragher
Thomas D Berry
No abstract provided.
Fnma Mortgage Commitments As Put Options: An Empirical Examination, Thomas Berry, Adam Gehr
Fnma Mortgage Commitments As Put Options: An Empirical Examination, Thomas Berry, Adam Gehr
Thomas D Berry
The Federal National Mortgage Association (FNMA) auctions commitments to purchase mortgages. An examination of the terms of the commitment contract shows that these commitments are actually put options on mortgages. The contract is unusual, however, in that the price of the commitment is a fixed percentage of the value of the mortgages. In the auction, the dealers effectively bid the exercise price at which they would be willing to pay the fixed commitment price. In this paper, we study the economics of the FNMA auction. We use a two-state approximation to the American put pricing model for interest-dependent securities to …
State Variation In The Targeted Jobs Tax Credit Program, Thomas Berry, Julie Lane
State Variation In The Targeted Jobs Tax Credit Program, Thomas Berry, Julie Lane
Thomas D Berry
No abstract provided.