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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, ...
John Charles Harsanyi
(Vanderbilt University, 2006)
Abstract: This article provides an overview of the main events in the life of John Harsanyi and a summary of his research on decision-theoretic foundations for utilitarianism, cooperative bargaining theory, games of ...
Search, Bargaining, and Agency in the Market for Legal Services
(Vanderbilt University, 2011)
We show that, in the context of the market for a professional service, adverse selection problems can sufficiently exacerbate moral hazard considerations so that even though all agents are risk neutral, welfare can be ...
Clients, Lawyers, Second Opinions, and Agency
(Vanderbilt University, 2010)
We model the game between an informed seller (a lawyer) and an uninformed buyer (a potential client) over the choice of compensation for the lawyer to take a case to trial, when there is post-contracting investment by the ...
Dominant Strategy Implementation with a Convex Product Space of Valuations
(Vanderbilt University, 2011)
A necessary and sufficient condition for dominant strategy implementability when preferences are quasilinear is that, for any individual i and any choice of the types of the other individuals, all k-cycles in i's allocation ...
Pampered Bureaucracy, Political Stability, and Trade Integration
(Vanderbilt University, 2011)
This paper shows how, under threat of revolution, a nation's elite are able to maintain political stability and hence ownership of their wealth by creating or expanding a `pampered bureaucracy.' The elite thus divert part ...
Increasing Returns and Unsynchronized Wage Adjustment in Sunspot Models of the Business Cycle
(Vanderbilt University, 2010)
Abstract: A challenge facing the literature of equilibrium indeterminacy and sunspot-driven business cycle fluctuations based on increasing returns to scale in production is that the required degree of increasing returns ...