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Now showing items 231-240 of 328
Is the WTO's Article XXIV Bad?
(Vanderbilt University, 2009)
This paper shows that the WTO's Article XXIV increases the likelihood of free trade, but may worsen world welfare when free trade is not reached and customs unions (CUs) form. We consider a model of many countries. Article ...
The Partnered Core of a Game with Side Payments
(Vanderbilt University, 2009)
An outcome of a game is partnered if there are no asymmetric dependencies between any two players. For a cooperative game, a payoff is in the partnered core of the game if it is partnered, feasible and cannot be improved ...
Optimim Tariffs and Retaliation: How Country Numbers Matter
(Vanderbilt University, 2009)
This paper identifies a new terms-of-trade externality that is exercised through tariff setting. A North-South model of international trade is introduced in which the number of countries in each region can be varied. As ...
Speaking Up: A Model of Judicial Dissent and Discretionary Review
(Vanderbilt University, 2002)
We draw together concepts from political science, law, and economics to model discretionary actions by agents in a weak hierarchical system, wherein agents at a higher level cannot directly discipline those at a lower ...
Government Leadership and Central Bank Design
(Vanderbilt University, 2002)
This article investigates the impact on economic performance of the timing of moves in a policy game between the government and the central bank for a government with both distributional and stabilization objectives. It ...
Economic Structure, Policy Objectives, and Optimal Interest Rate Policy at Low Inflation Rates
(Vanderbilt University, 2003)
In this article, the optimal interest rate rule generated by Svennson's (1997) dynamic model is used to determine the impact that a number of key structural characteristics have on the downward flexibility of interest rates ...
The Normative Approach to the Measurement of Multidimensional Inequality
(Vanderbilt University, 2003)
This article provides an introduction to the normative approach to multidimensional inequality measurement. Multivariate generalizations of the procedures used to construct univariate inequality indices from social evaluation ...
On the Political Economy of Immigrationa and Income Redistribution
(Vanderbilt University, 2003)
In this paper, we study several general equilibrium models in which the agents in an economy must decide on the appropriate level of immigration into the country. Immigration does not enter directly into the native agents' ...
Historical Perspectives on Racial Differences in Schooling in the United States
(Vanderbilt University, 2003)
African-Americans entered the post-Civil War era with extremely low levels of exposure to schooling. Relying primarily on micro-level census data, we describe racial differences in literacy rates, school attendance, years ...
Multidimensional Generalized Gini Indices
(Vanderbilt University, 2003)
The axioms used to characterize the generalized Gini social evaluation orderings for one-dimensional distributions are extended to the multidimensional attributes case. A social evaluation ordering is shown to have a ...