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Now showing items 11-20 of 58
Emerging Financial Markets and Early U.S. Growth
(Vanderbilt University, 2000)
Studies of early U.S. growth traditionally have emphasized real-sector explanations for an acceleration that by many accounts became detectable between 1815 and 1840. Interestingly, the establishment of the nation's basic ...
Dynamics in a Transactions-Based Monetary Growth Model
(Vanderbilt University, 2000)
This paper examines the dynamic properties of a monetary endogenous growth model in which money is introduced into the system via a transactions-cost technology. A monetary equilibrium that either satisfires the Friedman ...
Pennies from eBay: the Determinants of Price in Online Auctions
(Vanderbilt University, 2000)
This paper presents an exploratory analysis of the determinants of prices in online auctions for collectible one-cent coins at the eBay Web site. Our initial dataset consists of over 20,000 auctions which took place during ...
Bidding Behavior and Decision Costs in Field Experiments
(Vanderbilt University, 2000)
Whether rationality of economic behavior increases with expected payoffs and decreases with the cognitive cost it takes to formulate an optimal strategy remains an open question. We explore these issues with field data, ...
Isolated and Proximate Illiteracy And Why these Concepts Matter in Measuring Literacy and Designing Education Programmes
(Vanderbilt University, 2000)
Traditionally, a society's literacy has been measured by the 'literacy rate' or the percent of the adult population that is literate. The present paper maintains that the distribution on literates across households also ...
Jacksonian Monetary Policy Specie Flows and the Panic of 1837
(Vanderbilt University, 2000)
The Panic of 1837 stands among the most severe banking crises in U.S. history, marking the start of a business downturn from which the nation would not recover for six years. Given the serious consequences of the panic for ...
Determining the Optimal Sample Size for Contingent Valuation Surveys
(Vanderbilt University, 2000)
Fundamentally, this paper is about the value of information. Whenever a cost-benefit analysis has to be undertaken using benefits that are estimated from household survey data the size of the survey sample must be specified. ...
Social Approval and Occupational Choice
(Vanderbilt University, 2000)
We examine the impact of a desire for social approval on education and occupation choice and model the endogenous determination of perceptions that influence such approval. In a two-sector overlapping generations framework, ...
International Trends in Economics Degrees During the 1990s.
(Vanderbilt University, 2000)
Australia, Canada, Germany, and the United States experienced a substantial decline in undergraduate degrees in economics from 1992 through 1996, followed immediately by a modest recovery. This cycle does not conform to ...
Productivity in Manufacturing and the Length of the Working Day: Evidence from the 1880 Census of Manufactures
(Vanderbilt University, 2000)
We use data from the manuscript census of manufacturing to estimate the effects of the length of the working day on output and wages. We find that the elasticity of output with respect to daily hours was positive but less ...