Other Economics Commons^™

Poorer European Countries Are Less Concerned About Biotechnology Than Richer Countries, Michael Siegrist

RISK: Health, Safety & Environment (1990-2002)

The author examines the relationship between GNP, media coverage, and public perceptions of the utility, risk, and acceptability of medical and food-related applications of biotechnology.

Market Structure And Racial Earnings: Evidence From Job Changers, Richard U. Agesa, Jacqueline Agesa, Gary A. Hoover

Economics Faculty Research

In his seminal contribution, Gary Becker (1957) suggests that rents in noncompetitive industries provide employers with the latitude to engage in earnings discrimination. Implicit in this theory, is that white workers in noncompet­itive industries would capture a disproportion­ ate share of monopoly rents (excessive wages) relative to their minority counterparts. We utilize wage-change equations to exam­ine earnings shifts for whites and minorities stemming from a job switch to a different mar­ket structure. Additionally for each racial group, wage equations of workers before and after the job change are used to calculate difference­ in-differences estimates of wage change as a result …

Ethiopia Project Trade Module, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (1999, July). Folder cover for the Ethiopia project trade module [Unpublished folder cover].

• Shaikh, A., PhD. (n.d.). Passenger ticket receipt for Anwar Shaikh [Unpublished travel document].

• Shaikh, A., PhD. (n.d.). Fax cover page for the graduate faculty department of economics [Unpublished administrative document].

• Hailu, D., & Shaikh, A., PhD. (2001, October). Email correspondence regarding flight tickets to Addis Ababa [Unpublished email correspondence].

• Shaikh, A., PhD. (2001, October 17). Credit card authorization form for Arrow Travel and Tours [Unpublished administrative document].

• Shaikh, A., PhD. (n.d.). Photocopy of an American …

Unpacking ‘Adam Smith: Critical Theorist?’, Spencer J. Pack

Economics Faculty Publications

This paper responds to Keith Tribe's provocative Journal of Economic Literature article, “Adam Smith: Critical Theorist?” There Tribe argued that most people most of the time grossly misread Smith, due, among other things, to their quite inadequate appreciation of Smith's linguistic, social, moral, and theological context. Against Tribe, the paper argues that Smith can profitably be read as both an eighteenth-century moralist and a twenty-first century critic. Smith can be a source of inspiration, wisdom and profundity for contemporary economists. Moreover, Smith can be successfully employed by modern economists to change, deepen, and broaden contemporary economic theory.

Trends. Common Currency On Currency Interventions In A Global Economy: Psychological Considerations, Ibpp Editor

International Bulletin of Political Psychology

This article discusses government interventions in economies in the context of a global economy. While economists usually assume actors to be rational, the author notes that this may not be the case with human belief systems and actions.

Trends. Licit And Illicit Human Trafficking: The Ultimate Violation Of Human Rights, Ibpp Editor

International Bulletin of Political Psychology

This article discusses human trafficking for economic reasons and its context.

Online Counseling: Much To Do About Nothing In The Political World?, Ibpp Editor

International Bulletin of Political Psychology

This article describes some of the common issues in assessing the efficacy of online counseling.

Trends. Altruism As Egoism In International Trade Policy: Some Strange Bedfellows, Ibpp Editor

International Bulletin of Political Psychology

This article discusses the tenuous nature of political cooperation between advocates of trade unionism and environmentalism.

(Review) Entrepreneurs, Institutions And Economic Change: The Economic Thought Of J. A. Schumpeter (1905-1925), Spencer J. Pack

Economics Faculty Publications

Entrepreneurs, Institutions, and Economic Change: The Economic Thought of J. A. Schumpeter (l905-1925). By Nicolo De Vecchi. Translated by Anne Stone. Brookfield, Vt.: Edward Elgar, l995. 192 pp. $80.00

(Review) Social Limits To Economic Theory, Spencer J. Pack

Economics Faculty Publications

Reviews the book Social Limits to Economic Theory by Jon Mulberg. New York: Routledge, l995. 200 pp. $19.95.

Trends. Money Talks, Nobody Walks I: The International Monetary Fund And The World Bank, Ibpp Editor

International Bulletin of Political Psychology

This article discusses the economic activities of the World Bank, the IMF, and a United States Congressional commission that critiqued their operations.

Trends. Labor And Environmental Standards And Human Welfare: Global Prescriptions, Ibpp Editor

International Bulletin of Political Psychology

This article discusses the human consequences - labor and environmental impacts - of free trade, and the impact of possible standards for addressing those consequences.

The Great Transition: The Dynamics Of Market Transitions And The Case Of Russia, 1991-1995, Jeffrey K. Hass

Sociology and Anthropology Faculty Publications

The market transition in Eastern Europe and the former Soviet Union brings us back to essential issues that Marx and Weber addressed: the genesis of capitalism and the process of economic change. What is the transition and what does it involve - restructuring incentives, creating new laws, learning new culture, or creating new power structures? The answer partially depends on the particular transition (initial conditions, targets, actors' perceptions); but necessary general frameworks remain elusive, and current economic policies and analyses reveal that we understand little more about economic change than a century ago. Recent works on market transitions have furthered …

Sex, Money & Power: Women In The Global Economy, St Mary's University

President's Peace Commission - Programs

The President’s Peace Commission existed from 1984 to 2013 at St. Mary's University. The Commission fostered an ethical commitment to participate in the establishment of world peace and social justice.

This program is about women's health issues, emerging global economy and the struggle for peace and justice.

Arkansas Gray Fox Fur Price-Harvest Model Revisited, Peta Elsken-Lacy, Amy M. Wilson, Gary A. Heidt, James H. Peck

Journal of the Arkansas Academy of Science

Peck and Heidt (1985) proposed a linear model that demonstrated that for gray fox (Urocyon cinereoargenteus) in Arkansas; total fur harvests from 1966-1982 were highly correlated with mean pelt values. Single variable models using linear regression analysis of current season pelt values (CSPV) and previous season pelt values (PSPV) were designed to predict total fur harvests. These models demonstrated high correlations (r =0.93 and 0.89, respectively). In the past 15 years, markets for fur have undergone many perturbations within Arkansas and overseas resulting in great changes in mean pelt prices. In an attempt to evaluate the continued performance of the …

(Review) The Myth Of Adam Smith, Spencer J. Pack

Economics Faculty Publications

The Myth of Adam Smith, By Salim Rashid. Cheltenham, UK: Edward Elgar, 1998. Pp. X, 227. $80.00

Murray Rothbard’S Adam Smith, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

Standardization And The Stability Of Collusion, Luca Lambertini, Sougata Poddar, Dan Sasaki

Economics Faculty Articles and Research

We characterize the interplay between firms' decision in terms of product standardization and the nature of their ensuing market behaviour. We prove the existence of a non-monotone relationship between firms' decision at the product stage and their intertemporal preferences.

Network Structure And Entry In The Deregulated Airline Industry, Joseph Berechman, Sougata Poddar, Oz Shy

Economics Faculty Articles and Research

We explore how an incumbent airline firm structures its route network under the threat of entry caused by deregulation. We show that entry induces the incumbent firm to strategically alter its flight operating network from a fully connected network (FC) to a hub-and-spoke network (HS). While most of the literature always assumed that the use of of HS network is primarily for the purpose of cost reduction, we show that hub-and-spoke operation can be used as a strategic device by the incumbent firm when it faces a threat of entry in its operating zone.

A Demanding Task: Using Economic Techniques To Assess Animal Priorities. A Reply To Mason Et Al., C. M. Sherwin, C. J. Nicol

Economics and Animal Welfare Collection

No abstract provided.

Government Fiscal Policy In 1996/1997: Implications For Economic Development And Survival Of Banks., Sarah Omotunde Alade

Bullion

The paper highlights the implications of fiscal policies in the economy and the survival of banks. It provide a broad overview of the impact of the fiscal policies adopted in 1996 and 1997 and its implications for development. The current fiscal policies are predicated on the 1995 budget, the discussion of the effect of fiscal policies on the economy will start from 1995 when the present fiscal policy stance of government began. The structure of the paper is as follows. The introduction, followed by the conceptual role of fiscal policy in an economy, while section III looks at the fiscal …

Economic Analysis For An F-22 Organic Vs. Contractor Aircraft Battle Damage Repair Ownership Decision, John A. Kitchens

Theses and Dissertations

The purpose of this study was to evaluate whether Contractor Logistics Support (CLS) is a viable alternative to Combat Logistics Support Squadrons (CLSSs) for providing F-22 Aircraft Battle Damage Repair (ABDR). Legalities, practicalities, and cost-effectiveness were key ownership concerns. United States Code, Office of Management and Budget, Department of Defense (DoD), and United States Air Force (USAF) requirements were reviewed to address legal and policy issues and whether F-22 ABDR is military essential. The Army's Logistics Civil Augmentation Program (LOCCAP) award fee history was used to assess the potential performance of F-22 ABDR CLS personnel. F-117 ABDR team requirements and …

(Reviews) Economic Thought Before Adam Smith And Classical Economics, Spencer J. Pack

Economics Faculty Publications

Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I. By Murray N. Rothbard. Brookfield. Vermont: Edward Elgar Publishing Limited, 1995. Pp. 556. $99.95.

Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II. By Murray N. Rothbard. Brookfield. Vermont: Edward Elgar Publishing Limited, 1995. Pp. 528. $99.95.

(Review) Ian Simpson Ross, The Life Of Adam Smith And Jerry Z. Muller, Adam Smith In His Time And Ours, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

Alternative Implementations Of Expanding Algorithm For Multi-Commodity Spatial Price Equilibrium, Yu-Shen Ke

Theses and Dissertations

This thesis presents an algorithm based on the expanding algorithm to solve spatial price equilibrium problems for three different models: perfect competition, monopoly, oligopoly. The expanding algorithm is used to solve the linear single commodity spatial price equilibrium problem for perfectly competitive markets. In this thesis, we consider the general multi-commodity spatial price equilibrium problems with all nonlinear functions, and variable shipping cost. We also show that more commodities in total are shipped, and there is more congestion, especially in oligopoly model.

Central Bank Of Nigeria, Monetary, Credit, Foreign Trade And Exchange Policy Guidelines For 1997 Fiscal Year., Central Bank Of Nigeria Central Bank Of Nigeria

Bullion

This paper contains the outlines of the monetary, credit, foreign trade and exchange policy guidelines for banks and other financial institutions in Nigeria during fiscal 1997. The circular is structured into three sections and Appendix. Section one reviews developments in the economy and the policy environment in 1996 and thus provides the background to the policy measures for 1997. While section two outlines the monetary and credit policy measures and guidelines for banks and other financial institutions. The foreign trade and exchange policy measures for 1997 are highlighted in section three and lastly a list of prohibited import and export …

Adam Smith On The Virtues: A Partial Resolution Of The Adam Smith Problem, Spencer J. Pack

Economics Faculty Publications

Adam Smith's definition of justice as a moral virtue based on the "passion" of resentment in 'The Theory of Moral Sentiments' (1759), despite seeming contradictions, supports his analysis of an acquisitive, commercial society in 'The Wealth of Nations' (1774) partly by precluding the concept of a just price.

Demand Fluctuations And Capacity Utilization Under Duopoly, J. J. Gabszewicz, Sougata Poddar

Economics Faculty Articles and Research

This paper studies the impact of uncertain demand on firms' capacity decisions when they operate in an oligopolistic environment. We define a two-stage game where firms choose capacity in the first stage without knowing which state of nature is going to realize, and output levels in the second, knowing which state is realized. We prove the existence of a symmetric subgame perfect equilibrium at which firms are in excess capacity compared with the capacity they would choose in the Cournot certainty equivalent game.

Game Theory And Its Practical Applications, Angela M. Koos

Presidential Scholars Theses (1990 – 2006)

Game theory identifies players' optimal strategies in the face of interdependence and uncertainty . Games can be divided into two-person and n-person games, zero-sum and nonzero-sum games, and cooperative and non-cooperative games. Although this paper does not touch upon all of these aspects of game theory, it does offer a nice introduction of game theory and its applications for those who are not mathematical specialists.

Slavery, Adam Smith’S Economic Vision And The Invisible Hand, Spencer J. Pack

Economics Faculty Publications

Smith was against slavery on moral and economic grounds. The "invisible hand" in societies which allow slavery, operates in such a way that increases in the wealth of the rich, leads to increased misery for the poor free citizens as well as for the slaves themselves. It seems that the beneficial workings of the "invisible hand" are dependent upon commercial societies which arc not based upon the institution of slavery.