The determinants of bank rates in local consumer lending markets:
comparing market and institution-level results.
1. Introduction
With the exception of a few very recent studies, the sizeable
literature on the impact of market structure in banking markets (1) has
ignored the potential competitive role played . . .
The correlation between shocks to output and the price level:
evidence from a multivariate GARCH model.(Generalized Autoregressi
1. Introduction
In what way has The price level in the United States been related
to the level of output? At one time it was generally believed that the
correlation between the price level and . . .
Reflections and confessions of an erstwhile economist.
(Distinguished Guest Lecture).
My invitation to speak here today reminded me of Southern Economic
Association (SEA) conventions I attended in the 1960s as a student at
the University of Georgia. Professor James Waller took me to . . .
Network externalities and standardization: a classroom
demonstration. (Targeting Teaching).
1. Introduction
One challenge many instructors face is that of incorporating the
latest economic concepts into lectures when the theory underlying these
concepts is more complex than the standard . . .
Class size effects on student achievement in Norway: patterns and
explanations.
1. Introduction
Most recent studies of class size effects are occupied with the
problem of simultaneity. Parents who care about the education of their
children may seek schools with small . . .
Cost economies: a driving force for consolidation and
concentration?
1. Introduction
Many industries in the United States and other developed countries
have experienced increased concentration and consolidation in the past
few decades, stimulating concerns about . . .
The influence of demographics and household-specific price
indices on consumption-based inequality and welfare: a comparison of
1. Introduction
Recent international comparisons of economic well-being that have
focused on individuals and households have two characteristics. First,
perhaps because of the availability of . . .
How Economics Became a Mathematical Science. (Book Reviews).(How
Economics Became a Mathematical Science)(Book Review)
By E. Roy Weintraub
Durham, NC: Duke University Press. 2002. Pp. xiii, 313. $18.95
(paperback).
It is a contemporary truism that if you hope to make a contribution
to the field of economics, or . . .
An application of unit root tests with a structural break to
risk-based capital and bank portfolio composition.
1. Introduction
During the 1990s, considerable attention focused on the composition
of commercial bank portfolios in general and the relationship between
bank holdings of business loans and . . .
Home schooling: an alternative school choice.
1. Introduction
Whether it is due to the global economy, the information age, or
other factors, the external constraints on public schools are changing.
Parental choice regarding school . . .
Modeling credit card borrowing: a comparison of type I and type
II Tobit approaches.
1. Introduction
More than 11,000 bank and nonbank holding companies issued credit
cards in 1997. Among these firms, the top 50 issuers' market share
is 90.4%, and the 10 largest credit card . . .
Unprotective tariffs, ineffective liberalization, and other
mysteries: an investigation of the endogenous dimensions of trade po
1. Introduction
Since its formation as a federation in 1901, Australia embraced a
fairly comprehensive tariff schedule in relation to imported
manufactures. (1) Tariff rates fluctuated . . .
Evolving Financial Markets and International Capital Flows:
Britain, the Americas, and Australia, 1865-1914. (Book
Reviews).(Evo
By Lance E. Davis and Robert E. Gallman.
New York: Cambridge University Press, 2001. Pp. vii, 986. $100.00.
The economic history team of Lance Davis and Robert Gallman
produced some of the most . . .
Adjustment costs, uncertainty, and the level of activity.
1. Introduction
There is a widespread belief that the relatively poorer performance
of European economies--as compared to American or Asian ones--in terms
of growth and employment during the last . . .
Boundaries of the tournament pricing effect in asset markets:
evidence from experimental markets.
1. Introduction
When traders in experimental asset markets are compensated
according to a tournament contract (a "salary-plus-bonus"
scheme in which a trader's bonus is proportional to the amount . . .
Factor use and productivity change in the alcoholic beverage
industries.
1. Introduction
Demands for wine, beer, and spirits are, in view of their
substitutable nature, often studied in conjunction with one another
(Heien and Pompelli 1989; Nelson 1999). Yet the . . .
Identification problems in the social sciences and everyday life.
(Association Lecture).
1. Introduction
The Reflection Problem
Here is an identification problem from everyday life: Suppose that
you observe the almost simultaneous movements of a person and of his
image in a mirror. . . .
Birth Quake: The Baby Boom and Its Aftershocks. (Book
Reviews).(Birth Quake: The Baby Boom and Its Aftershocks)(Book
Review)
By Diane J. Macunovich.
Chicago: University of Chicago Press, 2002. Pp. xiii, 314. $37.50.
Diane Macunovich has written a book in which she takes the
Easterlin "relative income hypothesis" and . . .
A latent structure approach to measuring reputation.
1. Introduction
Reputation plays an important role in assuring product quality in
markets where consumers can only imperfectly judge the product quality
until after consumption. If reputation . . .
Food stamp caseloads over the business
cycle.(Illustration)
1. Introduction
The onset of the current economic downturn following the longest
expansion in U.S. history has renewed interest in the role of automatic
stabilizers designed to insure households . . .
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