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Southern Economic Journal

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Endogenous role in mixed markets: a two-production-period model.
I. Introduction Studies of mixed markets, in which state-owned welfare-maximizing public firms compete against profit-maximizing private firms, have become increasingly popular in recent years. . . .

A cointegration model of age-specific fertility and female labor supply in the United States.
1. Introduction Models of fertility based on economic theories of behavior have been subjected to rigorous conceptual and empirical scrutiny (for surveys, see Olsen 1994 and Macunovich 1996a; for . . .

Rail transit and neighborhood crime: the case of Atlanta, Georgia.
1. Introduction In a growing number of metropolitan areas, the construction or extension of a rail transit system has been advocated by policy makers as a way to address the numerous . . .

Editorial.
This the first issue of the Southern Economic Journal to be published since Laura Razzolini became its editor on August 1, 2003. The board of trustees of the Southern Economic Association welcomes . . .

Folk economics.
Common sense theories are people's ordinary understandings of certain bounded bodies of information, such as the set of ideas that nonscientists hold about celestial phenomena (folk astronomy). . . .

Too Sensational: On the Choice of Exchange Rate Regimes.(Book Review)
By W. Max Corden. Cambridge, MA: MIT Press. 2002. pp. xiv, 274. $29.95. This volume is the 10th in the series of Ohlin lectures initiated in 1988 at the Stockholm School of Economics. This . . .

Spillovers, complementarities, and sorting in labor markets with an application to professional sports.
I. Introduction A moral of Aesop reads, "The strong and the weak cannot keep company." Casual empiricism indicates that law firms, hospitals, academic university departments, and many other . . .

Can beer taxes affect teen pregnancy? Evidence based on teen abortion rates and birth rates.
1. Introduction In the United States, teen pregnancy rates continue to be higher than in comparable developed nations like Sweden, Canada, or France (Darroch, Frost, and Singh 2001; Levine 2001). . . .

Does bank affiliation mitigate liquidity constraints? Evidence from Germany's Universal Banks in the pre-World War I period.
1. Introduction Theoretical and empirical literature on imperfect capital markets has established that asymmetric information and moral hazard problems increase the cost of raising external funds . . .

Announcements.
Kenneth G. Elzinga Distinguished Teaching Award The Southern Economic Association will annually honor one or more faculty members for outstanding contributions to teaching under a resolution . . .

Congressional memberships as political advertising: evidence from the U.S. Senate.
1. Introduction Recent political battles over the federal legislative budget for 2002 have highlighted the political power wielded by so-called moderate legislators in the U.S. Senate. The . . .

Trickling down the rising tide: new estimates of the link between poverty and the macroeconomy.
1. Introduction Do rising tides lift all boats? Do income increases at the top of the distribution trickle down to those on the bottom? The insufficiency of economic growth alone to eliminate . . .

On the relative well-being of the nonmetropolitan poor: an examination of alternate definitions of poverty during the 1990s.
1. Introduction Understanding the geographic distribution of poverty is important to help target poverty-reduction policies. Throughout the 1980s and 1990s, the proportion of people living in . . .

Editor's report.(Editorial)
From January 1, 2002, through December 31, 2002, the Editorial Office received 244 new manuscript submissions. The following table lists the time in the editorial process for the 215 . . .

New estimates of economies of scale and scope in higher education.
1. Introduction The substantially greater than inflation increases in college tuition during the late 1980s and first half of the 1990s ignited considerable discussion of the costs of higher . . .

Editorial favoritism in economics?
1. Introduction In 1990, the Journal of Economic Literature listed the contents from over 300 economics journals. The journals ranged from general interest (e.g., American Economic Review, . . .

An empty promise: average cost savings and scale economies among Canadian and American manufacturers, 1910-1988.
I. Introduction On January 1, 1989, a bilateral trade agreement between Canada and the United States came into effect. This free-trade agreement (FTA) called for the reduction and eventual . . .

The predictability of FOMC Decisions: evidence from the Volcker and Greenspan Chairmanships.(Federal Open Market Committee)(Fede
1. Introduction About every six weeks, the Federal Open Market Committee (FOMC) meets to decide on the short-run course of U.S. monetary policy. Before each meeting, the financial press reports . . .

Productivity growth and some of its determinants in the deregulated U.S. railroad industry.
This study analyzes the effects of an important postderegulation innovation on rail freight productivity: the elimination of cabooses and related crew members. It also analyzes the overall growth . . .

Economics: the sexy social science? (Symposium).
How to Make Economics the Sexy Social Science (from Chronicle of Higher Education) Every so often we see newspaper reports on the ebb and flow of the number of professional degrees awarded. . . .

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