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Dominance Criteria for Critical-Level Generalized Utilitarianism
(Vanderbilt University, 2007)
Social welfare dominance criteria based on critical-level generalized utilitarian social welfare functions are investigated. An analogue of a generalized Lorenz curve called a generalized concentration curve is introduced. ...
A Subsidized Vickrey Auction for Cost Sharing
(Vanderbilt University, 2007)
We introduce a subsidized Vickrey auction for cost sharing problems. Although the average, marginal, and serial cost sharing mechanisms are budget-balanced, they are not allocatively efficient and they do not induce players ...
Perfect Equilibria in a Negotiation Model with Different Time Preferences
(Vanderbilt University, 2007)
The players behave quite differently in the negotiation model under different time preferences than under common time preferences. Conventional analysis in this literature relies on the key presumption that all continuation ...
The Impact of Changing Skill Levels on Optimal Nonlinear Income Taxes
(Vanderbilt University, 2007)
The impact of changing an individual's skill level on the solution to a finite population version of the Mirrlees optimal nonlinear income tax problem with quasilinear-in-leisure preferences is investigated. It is shown ...
Matriculation In Economics Us Ph.D. Programs: How Many Accepted Americans Do Not Enroll?
(Vanderbilt University, 2006)
Using a sample of 26 U.S. economics Ph.D. programs in Fall 2003, we estimate that only about 12 percent of the U.S. and Canadian students accepted for doctoral study did not enroll in any U.S. economics Ph.D. program in ...
Where Are They Now? Tracking the Ph.D. Class of 1997
(Vanderbilt University, 2006)
We report early career outcomes of economics Ph.D.s by tracking the U.S. class of 1996-97. We examine employment outcomes, work activities, salaries, and graduates' attitudes toward their jobs. By 2003, all of the respondents ...
Simon Rottenberg and Baseball, Then and Now: A 50th Anniversary Retrospective
(Vanderbilt University, 2006)
Fifty years ago the JPE published Simon Rottenberg's "The Baseball Players' Labor Market", the first professional journal article in sports economics. In this retrospective we review some of his insights and analyses with ...
Measuring the Impact of Intervention on Exchange Market Pressure
(Vanderbilt University, 2006)
Abstract: In this article, we introduce an index of ex ante exchange market pressure (EMP) that can be used as a benchmark against which to measure the effectiveness of sterilized intervention. Ex ante EMP is the change ...
Social Choice: Recent Developments
(Vanderbilt University, 2006)
Abstract: In the past quarter century, there has been a dramatic shift of focus in social choice theory, with structured sets of alternatives and restricted domains of the sort encountered in economic problems coming to ...
Attrition in Economics Ph.D. Programs
(Vanderbilt University, 2006)
Information about 586 individuals who matriculated into 27 economics Ph.D. programs in Fall 2002 is used to estimate first and second year attrition rates. After two years, 26.5 percent of the initial cohort had left, ...