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Efficient Strategy-Proof Exchangeand Minimum Consumption Guarantees
(Vanderbilt University, 2002)
For exchange economies with classical economic preferences, it is shown that any strategy-proof social choice function that selects Pareto optimal outcomes cannot guarantee everyone a consumption bundle bounded away from ...
Exploring the Racial Gap in Infant Mortality Rates, 1920-1970
(Vanderbilt University, 2002)
This paper examines the racial gap in infant mortality rates from 1920 to 1970. Using state-level panel data with information on income, urbanization, women's education, and physicians per capita, we can account for a large ...
A Proposal for a Selection Criterion in a Class of Dynamic Rational Expectations Models with Multiple Equilibria
(Vanderbilt University, 2002)
The paper argues that multiple equilibria-whether non-stationary or stationary- are a generic property of dynamic rational expectations models. In light of this, this paper proposes a selection criterion for choosing between ...
The Effects of Seed Money and Refunds on Charitable Giving: Experimental Evidence from a University Capital Campaign
(Vanderbilt University, 2000)
We test two recent theories on the subject of charitable fundraising in capital campaigns. Andreoni (1998) predicts that publicly announced seed contributions can increase the total amount of charitable giving in a capital ...
Knowledge Exchange Matching and Agglomeration
(Vanderbilt University, 2000)
Despite wide recognition of their significant role in explaining sustained growth and economic development, uncompensated knowledge spillovers have not yet been fully modeled with a microeconomic foundation. The main purpose ...
Rising Wage Dispersion Across American Manufacturing Establishments 1850-1880
(Vanderbilt University, 2000)
We use data from the manuscript censuses of manufacturing for 1850, 1860, 1870, and 1880 to study the dispersion of average monthly wages across establishments. We find a marked increased in wage inequality over the period, ...
Bounding Causal Effects with Contaminated and Censored Data: Reassessing the Impact of Early Childbearing on Children
(Vanderbilt University, 2000)
Empirical researchers commonly use instrumental variable (IV) assumptions to identify treatment effects. However, the credibility of these assumptions are often questionable. This paper considers what can be learned when ...
Undergraduate Financial Aid and Subsequent Alumni Giving Behavior
(Vanderbilt University, 2000)
Data on 2,822 Vanderbilt University graduates are used to investigate alumni giving behavior during the eight years after graduation. A two stage model accounting for incidental truncation is used to first estimate the ...
Welfare Analysis of the Number and Locations of Local Public Facilities
(Vanderbilt University, 2000)
We develop a discrete or finite household model with congestable local public goods where the level of provision, the number of facilities and their locations are all endogenously determined in a purely normative context. ...
Market Frictions Technology Adoption and Economic Growth
(Vanderbilt University, 2000)
This paper develops an endogenous growth model with labor market matching and technology adoption. While labor market search and entry frictions lengthen technology diffusion, exogenous technology arrival may creatively ...