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Now showing items 211-220 of 328
Public Versus Secret Reserve Prices in eBay Auctions: Results of Pokémon Field Experiment
(Vanderbilt University, 2000)
Sellers in eBay auctions have the opportunity to choose both a public minimum bid amount and a secret reserve price. We ask, empirically, whether the seller is made better or worse off by setting a secret reserve above a ...
Factor Accumulation and Trade: Dynamic Comparative Advantage with Endogenous Physical and Human Capital
(Vanderbilt University, 2000)
This paper develops a two country endogenous growth model with accumulation of both physical and human capital. We establish the existence of two country balanced growth equilibria in which physical and human capital grow ...
Financial Matchmakers in Credit Markets with Heterogeneous Borrowers
(Vanderbilt University, 2000)
What happens when liquidity increases in credit markets and more funds are channeled from borrowers to lenders? We examine this question in a general equilibrium model where financial matchmakers help borrowers (firms) and ...
Race and the Value of Owner-Occupied Housing 1940-1990
(Vanderbilt University, 2000)
This paper begins by documenting racial convergence in the value of owner-occupied housing from 1940 to 1990. Most of this convergence occurred before 1970, as black and white home owners became more similar in terms of ...
Information Spillover and Economic Development
(Vanderbilt University, 2000)
This paper explores a new aspect of the relationship between backwardness and growth, "information spillover". If solving problems is a source of economic growth, then knowing which problems have been solved is per se ...
Income Distribution and the Demand Constraint
(Vanderbilt University, 2000)
This paper argues that the interaction between inequality and the demand patterns for goods is a potential source of persistent inequality. Income distribution, in the presence of non-homothetic preferences, affect the ...
Candidate Stability and Nonbinary Social Choice
(Vanderbilt University, 2000)
A voting procedure is candidate stable if no candidate would prefer to withdraw from an election when all of the other potential candidates enter. Dutta, Jackson, and Le Breton have recently established a number of theorems ...
Incentives and the Effects of Publication Lags on Life Cycle Research Productivity in Economics
(Vanderbilt University, 2011)
We investigate how increases in publication delays have affected the life-cycle of publications of recent Ph.D. graduates in economics. We construct a panel dataset of 14,271 individuals who were awarded Ph.D.s between ...
Cumulative Harm and Resilient Liability Rules for Product Markets
(Vanderbilt University, 2011)
In the traditional model of the law and economics of torts, harm accrues proportional to use. This has the remarkable implication for products-generated torts that product performance concerns (e.g., issues of care and of ...
The Advantages of Association: Know-How Sharing and Innovation Adoption in Four Brazilian Cities
(Vanderbilt University, 2011)
This paper investigates the role of social learning in the diffusion of different types of innovation in four urban areas of Brazil. A unique database of small sized firms in 19 economic sectors is used to show evidence ...