Power and Plenty.(Book review)
Power and Plenty
By Ronald Findlay and Kevin H. O'Rourke.
Princeton, N J: Princeton University Press, 2007. Pp. 624. $39.50.
Ronald Findlay and Kevin H. O'Rourke's Power and Plenty:
Trade, . . .
Corruption, centralization, and the shadow economy.
1. Introduction
Bureaucratic corruption and a high incidence of unregulated, and
often illegal, productive activities in what is conventionally denoted
as the shadow economy, are two features . . .
Perfectly secure property rights and production inefficiencies in
Tullock contests.
1. Introduction
From the point of view of institutional economics, property rights
have no normative value in themselves but are means to reach productive
and allocative efficiency. An economy . . .
Comparing small-group and individual behavior in lottery-choice
experiments.
1. Introduction
Group decision making plays an important role in economic policy.
From the Open Market Committee of the Federal Reserve, to family
expenditures, to the management of mutual funds, . . .
The persistence and change of institutions in the
Americas.(Distinguished Guest Lecture)
Plus ca change plus c'est la meme chose.--French Proverb
1. Introduction
There is now a general consensus that differences in economic
institutions are the primary cause of differences in . . .
Exit discrimination in Major League Baseball: 1990-2004.
1. Introduction
The topic of discrimination in labor markets has attracted a great
deal of research by economists over time. From the theoretical
constructs developed by Becker (1971) to the . . .
The effects of retirement on physical and mental health
outcomes.(Table)
1. Introduction
Despite rising life expectancy, the average age at retirement has
been declining over the past four decades. Social Security data indicate
that the retirement age for men declined . . .
The impact of the repeat-voting-habit persistence phenomenon on
the probability of voting in presidential elections.(Statistical
1. Introduction
The purpose of this study is to develop and test a probability
model of individual voting behavior under the assumption that, when
voting for the Office of the President, all . . .
Free cash flow and takeover threats: an experimental
study.
1. Introduction
This paper reports an experiment examining the effects of takeover
threats and cash flow on managerial decision making. The laboratory
environment is motivated by Michael Jensen's . . .
Editor's report.(Editorial)
Editorial Statistics
From January 1, 2007, through December 31, 2007, the Editorial
Office received 295 new manuscript submissions. Table 1 shows the time
between submission and the Journal's . . .
Taxes and agglomeration economies: how are they related to
nonprofit firm location?
1. Introduction
Nonprofits are an ever increasing component of the U.S. economy.
From 1997-2001, employment growth in the nonprofit sector averaged 2.5%,
outpacing both the business (1.8%) and . . .
Sources of economics majors: more biology, less
business.(Statistical table)
1. Introduction
There are a variety of reasons to be interested in and concerned
about the number of undergraduates who study economics. One major reason
is that an economically informed society . . .
The effects of depressive symptoms on earnings.(Table)
1. Introduction
A widespread view of depression is that it puts an enormous social
and economic burden on both the individual and society. Depression may
reduce the individual's productivity, . . .
The relationship between suicidal behavior and productive
activities of young adults.
1. Introduction
Suicides among youths have reached an alarming rate in recent years
and are now the third leading cause of death for those aged 15-24 years
(Anderson and Smith 2003). Since 1950, . . .
Tipping as a strategic investment in service quality: an
optimal-control analysis of repeated interactions in the service
indust
1. Introduction
Tipping is a social norm that has gained increased attention in
recent years, and for good reason. One important reason is the economic
significance of tipping. In the United . . .
Third degree price discrimination in linear-demand markets:
effects on number of markets served and social welfare.
1. Introduction
Does monopolistic third degree price discrimination reduce social
welfare? The question has continued to intrigue economists and policy
makers for more than half a century. The . . .
The dissipation of minimum wage gains for workers through
labor-labor substitution: evidence from the Los Angeles living wage
or
1. Introduction
Economic theory suggests that firms will replace low-skill workers
with high-skill workers if the two are substitutes in production and the
wages of low-skill workers increase as . . .
Multiple-output child health production functions: the impact of
time-varying and time-invariant inputs.
1. Introduction
In this paper we attempt to broaden and to redirect the standard
theoretical and empirical approach in economics to the household
production of human health, especially child . . .
Mortality, fertility, and persistent income inequality.
1. Introduction
One of the earliest insights gained from the economic-demographic
research is that inequality in the distribution of income may perpetuate
itself if the lower income groups . . .
Hand in the cookie jar: an experimental investigation of
equity-based compensation and managerial fraud.
1. Introduction
It has long been recognized that the managers and owners of a firm
have different incentives. The owner seeks to maximize the value of the
firm, while the manager may derive . . .
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