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Now showing items 621-630 of 645
International Risk-Sharing and Commodity Prices
(Vanderbilt University, 2011)
Cole and Obstfeld (1991) exposited a classic result where equilibrium movements in the terms of trade could make ex ante risk-sharing arrangements unnecessary: a unity elasticity of substitution across goods and production ...
Living with a Monetary System infected by Bubbles
(Vanderbilt University, 2011)
I study the real effects of bubbles in a price-settingenvironment. Bubbles cause price dispersion and overinvestment in assets that are overvalued. And when they pop some goods are not sold and capacity is not fully utilized. ...
A Dynamic Model of Lawsuit Joinder and Settlement
(Vanderbilt University, 2009)
In this paper we examine a dynamic model of the process by which multiple related lawsuits may be filed and combined; we also examine actions a defendant may employ that may disrupt the formation of a joint suit. Our initial ...
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 ...
Developing Country Second-Mover Advantage in Competition Over Standards and Taxes
(Vanderbilt University, 2009)
We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a 'second-mover advantage.' In our model, firms do not unanimously ...
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 ...
Comparative Statics of Optimal Nonlinear Income Taxation in the Presence of a Publicly Provided Input
(Vanderbilt University, 2009)
Comparative static properties of the solution to an optimal nonlinear income tax problem are provided for a model in which the government both designs a redistributive income tax schedule and provides a public input into ...
Elderly Migration, State Taxes, and What They Reveal
(Vanderbilt University, 2009)
Empirical results obtained from the 2000 Census elderly migration data using a general gravity model of migration flows confirm earlier findings of the `same sign problem' in the literature, which means that the elderly ...
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, ...