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A Neighborhood-Level View of Riots, Property Values, and Population Loss: Cleveland 1950-1980
(Vanderbilt University, 2005)
We undertake a case study of riots in the context of Cleveland's economic decline between 1950 and 1980. Our empirical perspective emphasizes differential changes in property values and population levels across census ...
Club Formation Games with Farsighted Agents
(Vanderbilt University, 2005)
Modeling club structures as bipartite networks, we formulate the problem of club formation as a game of network formation and identify those club networks that are stable if agents behave farsightedly in choosing their ...
Political Devolution without Fiscal Devolution
(Vanderbilt University, 2005)
Using a conventional model, this paper examines the conditions under which it is possible to stabilise both the output (inflation) cycle and the budget deficit/surplus of a regional economy in a wider currency union. We ...
The Labor Market for New Agricultural and Natural Resource Economics Ph.D.s
(Vanderbilt University, 2005)
This paper describes the characteristics and labor market experiences of new agricultural and natural resource (ANR) economics Ph.D.s, based on surveys of graduates in 1996-97 and 2001-02. An average of 185 new Ph.D.s in ...
Measurement Theory and the Foundations of Utilitarianism
(Vanderbilt University, 2005)
This article reconsiders the Harsanyi-Sen debate concerning whether Harsanyi is justified in interpreting his Aggregation and Impartial Observer Theorems as providing axiomatizations of utilitarianism. Sen's criticism and ...
On the Long-Run Variance Ratio Test for a Unit Root
(Vanderbilt University, 2005)
This paper investigates the effects of consistent and inconsistent long-run variance estimation on a unit root test based on the generalization of the von Neumann ratio. The results from the Monte Carlo experiments suggest ...
The Law of Demand in Tiebout Economies
(Vanderbilt University, 2005)
We consider a general equilibrium local public goods economy in which agents have two distinguishing characteristics. The first is 'crowding type,' which is publicly observable and provides direct costs or benefits to the ...
Economic Theories of Settlement Bargaining
(Vanderbilt University, 2005)
We briefly review two basic models of settlement bargaining based on concepts from information economics and game theory. We then discuss how these models have been generalized to address issues that arise when there are ...
Inefficient Trade Patterns: Excessive Trade, Cross-Hauling, and Dumping
(Vanderbilt University, 2005)
I study an example of a competitive environment in which trade occurs in a sequential manner. In this example, a country with a stable demand may suffer from trade with a country with unstable demand, there may be too much ...
Market power in the global economy: the exhaustion and protection of intellectual property
(Vanderbilt University, 2011)
This paper analyzes economic linkages between the exhaustion and protection of intellectual property. We consider a North-South model, where a firm that enjoys monopoly status in the North by virtue of an intellectual ...