Tax base elasticities: a multi-state analysis of long-run and
short-run dynamics.(Statistical table)(Statistical data)
1. Introduction
Generating sufficient revenue to finance government service
delivery is arguably the most important characteristic of state tax
systems because revenue collection is the primary . . .
Spatial Cournot competition among multi-plant firms in a circular
city.
1. Introduction
There is a long history of research on spatial competition that
allows firms to choose their locations; most papers on this topic assume
that each firm sets up only one plant. . . .
Government expenditures and revenues: evidence from asymmetric
modeling.
In this article, we examine the relationship between U.S. federal
revenues and expenditures while relaxing the assumption of a symmetric
adjustment process underlying the conventional cointegration . . .
More detail on the pattern of returns to educational
signals.(impact of education on productivity)
1. Introduction
Spence (1973) and Arrow (1973) formalized the idea that education
can be used as a signal for innate productivity. If correlated with
innate productivity, education alleviates an . . .
What drives stock prices? Identifying the determinants of stock
price movements.
1. Introduction
Before 1981, much of the finance literature viewed the present
value of dividends to be the principal determinant of the level of stock
prices. However, LeRoy and Porter (1981) . . .
Assigning intentions when actions are unobservable: the impact of
trembling in the trust game.
1. Introduction
It is well established that individuals in laboratory games do not
always pursue their own maximum monetary payoff. In the ultimatum game,
materially self-interested second movers . . .
Assessing consumer gains from a drug price control policy in the
United States.
We use national data from 1960 to 2000 to estimate the demand for
pharmaceuticals in the United States. We then simulate consumer surplus
gains from a hypothetical drug price control policy that . . .
A Cartel's response to cheating: an empirical investigation
of the De Beers diamond empire.
1. Introduction
Cartel theory suggests that serious punishment in the form of price
competition is the predicted response to cheating by a cartel member,
but recent work on cartel operations . . .
Putting out fires: an examination of the determinants of state
clean indoor-air laws.
1. Introduction
Few products have generated as much public scrutiny as tobacco. In
light of the health consequences associated with smoking, the federal
government took several steps in the 1960s . . .
Incorporating policymaker costs and political competition into
rent-seeking games.(Tullock's model)
We incorporate policymaker costs of supplying rents and variable
intensities of competition among rent seekers into the standard
rent-seeking game. By incorporating these aspects, the game has . . .
The Economics of Microfinance.(Book review)
The Economics of Microfinance By Beatriz Armendariz de Aghion and
Jonathan Morduch. Cambridge, MA: The MIT Press, 2005. Pp. 352. $45.00.
The year was 1998: Professor Jonathan Morduch was . . .
Adverse selection, seller effort, and selection bias.
1. Introduction
Researchers use several approaches to identify adverse selection.
(1) Genesove (1993) tests the proposition that, in a lemons market,
prices inversely relate with observable . . .
Effects of child health on sources of public support.(poor child
health directly impacts on the economic welfare of families)
1. Introduction
A growing body of research reveals that not only does low income
lead to poor child health, but poor child health can have deleterious
effects on family resources that may . . .
HOPE for the Pell? Institutional effects in the intersection of
merit-based and need-based aid.(Georgia's Helping Outstanding
Pu
1. Introduction
There is increasing concern by policy makers and administrators
regarding the access of financially needy students to higher education.
In particular, two trends with regard to . . .
Inefficiency in cadaveric organ procurement.(National Organ
Transplant Act of 1984)
1. Introduction
As most people are now aware, there is a severe and longstanding
shortage of cadaveric human organs made available for transplantation in
both the United States and abroad. . . .
Does a foot in the door matter? White-nonwhite differences in the
wage return to tenure and prior workplace experience.
1. Overview
There is an extensive literature documenting the lower wages of
black and Latino workers relative to white workers in the United States.
The explanations for these racial and ethnic . . .
Public and private capital productivity puzzle: a nonparametric
approach.
1. Introduction
Returns to public capital generated a great deal of controversy in
the productivity literature. After Aschauer (1989, 1990) published a
series of papers relating declining labor . . .
Inter-vivos transfers and exchange.(link between informal care
and economic motives)
1. Introduction
Economists have long looked for evidence of exchange or altruism as
a motive for bequests. Altruism is when parents equalize their
children's marginal utility of wealth by giving . . .
Improving willingness to pay estimates for quality improvements
through joint estimation with quality perceptions.
1. Introduction
The contingent valuation method (CVM) is a stated preference
approach to the measurement of the value of changes in the allocation of
nonmarket environmental and natural resources . . .
Taking corporate culture seriously: group effects in the trust
game.(Trust Game)
1. Introduction
Kreps' (1990, 1996) Trust Game (illustrated in Figure 1) is
part of the pantheon of games with proper names because it demonstrates
the dichotomy between theoretical predictions . . .
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