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Now showing items 201-210 of 328
Relaxing Tax Competition through Public Good Differentiation
(Vanderbilt University, 2006)
This paper argues that, because governments are able to relax tax competition through public good differentiation, traditionally high-tax countries have continued to set taxes at a relatively high rate even as markets have ...
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 ...
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 ...
Syphilis Cycles
(Vanderbilt University, 2010)
Abstract: Syphilis has re-emerged as a global public health issue. In lesser developed countries, millions of people are contracting the disease, which can be fatal without access to proper treatment. In developed countries, ...
Pampered Bureaucracy and Trade Liberalization
(Vanderbilt University, 2010)
This paper shows how a nation's elite maintain ownership of their wealth by creating a `pampered bureaucracy.' The elite thus divert part of an otherwise entrepreneurial middle class from more productive manufacturing ...
Subgame Perfect Cooperation in an Extensive Game
(Vanderbilt University, 2010)
Abstract: This paper brings together two of the most important solution concepts of game theory –subgame-perfect Nash equilibrium of a non-cooperative game and the core of a cooperativegame. Our approach rests on two ...
What Does Intercollegiate Athletics Do To or For Colleges and Universities?
(Vanderbilt University, 2010)
Abstract: What tangible benefit do universities who participate in major televised sports achieve from their commitment? The essay reviews the evidence on the gains in public funding, attraction of philanthropy, increases ...
How Optimal Nonlinear Income Taxes Change When the Distribution of the Population Changes
(Vanderbilt University, 2010)
The impacts of changing the number of individuals of a particular skill level on the solutions to two versions of the finite population optimal nonlinear income tax problem are investigated. In one version, preferences are ...
A Simple Model of Inequality Occupational Choice and Development
(Vanderbilt University, 2000)
This paper analyzes a simple and tractable model of occupational choice in the presence of credit market imperfections. We examine the relative roles of parameters governing technology and transaction costs, and history ...
How New is the "New Trade Theory" of the Past Two Decades?
(Vanderbilt University, 2000)
This paper looks at the paradigm of the past two decades that goes under the name of "new trade theory" or "new international economics", and rejects the assumptions underlying mainstream trade theory such as constant ...