How would David Ricardo have taught the principle of comparative
advantage?
1. Introduction
Assume that David Ricardo's life had extended beyond the age
of 51, that he became a professor of political economy in his later
years, and was invited to lecture on comparative . . .
Openness, lobbying, and provision of infrastructure.
I. Introduction
It is widely acknowledged that infrastructure is critical for a
nation's growth and economic development. The Worm Development
Report (The World Bank 1994) points out that "the . . .
Temporary help service firms' use of employer tax credits:
implications for disadvantaged workers' labor market
outcomes.(Survey
1. Introduction
In recent years, important labor market changes have influenced the
employment experiences of low-skilled and disadvantaged workers. One
strong trend has been an increase in these . . .
Entry in foreign markets under asymmetric information and demand
uncertainty.
1. Introduction
Entry into foreign markets entails a number of difficulties. One
such difficulty is a lack of knowledge of the market characteristics,
which may persuade foreign firms to not . . .
What about mom? The forgotten beneficiary of the Medicaid
expansions.
1. Introduction
In the late 1980s and early 1990s, the Medicaid eligibility rules
changed substantially. The income thresholds increased and individuals
in two-parent families started to qualify. . . .
Widespread corruption in sports gambling: fact or
fiction?
1. Introduction
While approximately $1 billion is wagered legally on college sports
each year in Nevada, between 30 and 100 times more is wagered illegally
throughout the United States (Public . . .
Do real exchange rates follow a nonlinear mean reverting process
in developing countries?
1. Introduction
The debate on the validity of the purchasing power parity (PPP)
hypothesis continues. To test PPP, many researchers rely on evidence
from unit root tests regarding the (non) . . .
The importance of brand and competition in defining U.S.
religious markets.
1. Introduction
Over the past 40 years, economists have vastly expanded their study
of behavior in markets where there is no explicit trade of goods or
services. One of the most fundamental and . . .
Mitigating natural disasters through collective action: the
effectiveness of tsunami early warnings.
1. Introduction
While not the most prevalent of all the natural disasters plaguing
humankind, tsunamis have proven more devastating in their potential than
any of the others. Tsunamis occur for a . . .
Flexible versus dedicated technology adoption in the presence of
a public firm.
1. Introduction
In the recent past, many firms all over the world have substituted
their traditional production processes with more flexible systems. Some
of these flexible technologies allow for . . .
A guide to graduate study in economics: ranking economics
departments by fields of expertise.(Report)
1. Introduction
Each year, thousands of undergraduates apply for admission to
graduate schools in economics intending to obtain a Ph.D. Many of these
students have little idea on how to choose a . . .
Another look at yield spreads: the role of liquidity.
1. Introduction
The expectations hypothesis (hereafter EH) of the term structure of
interest rates states that the long-term rate is determined by the
expectation for the short-term rate plus a . . .
Self-policing in a targeted enforcement regime.
1. Introduction
There is an on-going debate in both the theoretical and empirical
literature about the effectiveness of self-policing policies such as the
Environmental Protection Agency's (EPA) . . .
Wage gaps large and small.(2007 Presidential Address)
1. Introduction
In the Wealth of Nations, Adam Smith posited theory and
institutional explanations for why wages differ. Modern labor economics
has retained a focus on wage differentials. . . .
Announcements.(Southern Economic Association offers
memebership)(Jonathan Hamilton and David Figlio of University of
Florida)(Ar
The results of the Southern Economic Association elections were
announced at the Southern Economic Association meeting in New Orleans,
LA, in November 2007. The new officers are:
President-Elect: . . .
Leading and merging: convex costs, Stackelberg, and the merger
paradox.(evlauating acquisitions and mergers impact on business)
1. Introduction
In the canonical model of the merger paradox, two firms with linear
costs never have an incentive to merge as long as there remains even a
single rival (Salant, Switzer, and . . .
Mortgages and financial expectations: a household-level
analysis.(managing household mortgage debt)(Author abstract)(Statistical
1. Introduction and Background
Arguably, the purchase of property is one of the most important
investment and consumption decisions an individual or household will
make over a lifetime. . . .
The Great Moderation and the relationship between output growth
and its volatility.(influence of financal volatility on economic
1. Introduction
Macroeconomic volatility has declined substantially over the past
20 years. Kim and Nelson (1999), McConnell and Perez-Quiros (2000),
Blanchard and Simon (2001), Stock and Watson . . .
Social position and distributive justice: experimental
evidence.(Author abstract)
1. Introduction
In A Theory of Justice (1971) John Rawls states that men are born
into various social positions that yield "different expectations of
life" but "cannot possibly be justified by an . . .
Selling the game: estimating the economic impact of professional
sports through taxable sales.(marketing professionla sports to
Sports leagues, franchises, and civic boosters tout the economic
benefits of professional sports as an incentive for host cities to
construct new stadiums or arenas at considerable public expense. . . .
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