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Now showing items 111-120 of 328
Where Do the Children Of Professors Attend College?
(Vanderbilt University, 2003)
To ask whether the best-informed consumers of higher education, the faculty, make different choices than other similarly endowed consumers, we compare the pattern of colleges chosen by 5,592 children of college and university ...
Liquidity Effects and the New Economy
(Vanderbilt University, 2001)
U.S. Treasury securities are nominal assets that are subject to two sources of risk: inflation risk, and bond-supply risk. Inflation risk is well-known, but supply risk has received little attention. For reasons we shall ...
Stock Markets in the New Economy
(Vanderbilt University, 2001)
The term "new economy" has, more than anything, come to mean a technological transformation, and in particular its embodiment in the computer and the internet. These technologies are more human capital intensive than earlier ...
Market Structure and the Demand for Free Trade
(Vanderbilt University, 2001)
We explore the interplay of market structure and government trade policy in the context of a heterogenous goods duopoly model (allowing for goods to be substitutes or complements) wherein governments simultaneously and ...
Financial Systems, Economic Growth, and Globalization
(Vanderbilt University, 2001)
This paper brings together two strands of the economic literature -- that on the finance-growth nexus and that on capital market integration -- and explores key issues surrounding each strand through both institutional/country ...
Candidate Stability and Nonbinary Social Choice
(Vanderbilt University, 2001)
A desirable property of a voting procedure is that it be immune to the strategic withdrawal of a cadidate for election. Dutta, Jackson, and Le Breton (Econometrica,2001) have established a number of theorems which demonstrate ...
Inflation Income Redistribution and Optimal Central Bank Independence
(Vanderbilt University, 2001)
The problem of monetary policy delegation is formulated as a two-stage non-cooperative game between the government and the central bank. The solution to this policy game determines the optimal combination of central bank ...
Generalized Gini Indices of Equality of Opportunity
(Vanderbilt University, 2001)
This article considers the ranking of profiles of opportunity sets on the basis of their equality. A version of the Pigou-Dalton transfer principle that is appropriate for the measurement of opportunity inequality is ...
Mergers and Technological Change: 1885-1998
(Vanderbilt University, 2001)
We analyze mergers over the past century in a growth model that emphasizes technological change. We explain the positive relation between mergers and stock prices, the positive relation between internal growth of firms and ...
The Economics of Regional Economics Associations
(Vanderbilt University, 2001)
Membership and conference attendance trends of regional economics associations are reported and analyzed. Although membership and conference attendance grow steadily at the American Economic Association, both are stagnant ...