Working Papers: Recent submissions
Now showing items 101-120 of 319
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(Vanderbilt University, 2006)Information about 586 individuals who matriculated into 27 economics Ph.D. programs in Fall 2002 is used to estimate first and second year attrition rates. After two years, 26.5 percent of the initial cohort had left, ...
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(Vanderbilt University, 2006)Abstract: This article provides an overview of the main events in the life of John Harsanyi and a summary of his research on decision-theoretic foundations for utilitarianism, cooperative bargaining theory, games of ...
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(Vanderbilt University, 2006)We report early career outcomes of economics Ph.D.s by tracking the U.S. class of 1996-97. We examine employment outcomes, work activities, salaries, and graduates' attitudes toward their jobs. By 2003, all of the respondents ...
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(Vanderbilt University, 2006)Fifty years ago the JPE published Simon Rottenberg's "The Baseball Players' Labor Market", the first professional journal article in sports economics. In this retrospective we review some of his insights and analyses with ...
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(Vanderbilt University, 2006)Abstract: In this article, we introduce an index of ex ante exchange market pressure (EMP) that can be used as a benchmark against which to measure the effectiveness of sterilized intervention. Ex ante EMP is the change ...
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(Vanderbilt University, 2006)Abstract: In the past quarter century, there has been a dramatic shift of focus in social choice theory, with structured sets of alternatives and restricted domains of the sort encountered in economic problems coming to ...
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(Vanderbilt University, 2006)Childhood obesity is a significant public health problem that also has economic consequences. Medical research suggests that nutritional interventions at a young age can influence nutritional behavior and reduce childhood ...
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(Vanderbilt University, 2006)In this paper we examine the behavior of a firm that produces a product with a privately-observed safety attribute; that is, consumers cannot observe directly the product¬πs safety. The firm may, at a cost, disclose its ...
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(Vanderbilt University, 2006)Previous literature has shown that local indeterminacy and local instability can arise in two-sector models when factor market distortions create a divergence between capital intensity ranking of the sectors on a physical ...
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(Vanderbilt University, 2006)We utilize a previously untapped data source, Gwendolyn Hall (1999), to examine the market for slaves in Louisiana, both in New Orleans and outside of New Orleans. We are able to study the process of price determination ...
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(Vanderbilt University, 2006)In an international trading economy where countries set tariffs strategically, modeled using a Cobb-Douglas example, this paper studies the relationship between the structure and the performance of the world market. Using ...
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(Vanderbilt University, 2006)In a classic model of tax competition, we show that the level of public good provision and taxation in a decentralized equilibrium can be efficient or inefficient with either too much, or too little public good provision. ...
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(Vanderbilt University, 2006)We add congestion/snobbery to the Hotelling model of spatial competition. For any firm locations on opposite sides of the midpoint, a pure strategy price equilibrium exists and is unique if congestion costs are strong ...
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(Vanderbilt University, 2006)What are the "liquidity services" provided by ìover-pricedî assets? How do international seigniorage payments affect the choice of monetary policies? Does a country gain when other hold its ìover-pricedî ...
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(Vanderbilt University, 2006)Cournot's 1838 model of strategic interaction between competing firms has become the primary workhorse for the analysis of imperfect competition, and shows up in a variety of fields, notably industrial organization and ...
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(Vanderbilt University, 2006)This article considers measures of individual welfare change for projects that change the state distribution of prices and incomes. For a consumer whose preferences satisfy the expected utility hypothesis, we investigate ...
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(Vanderbilt University, 2006)We study the dynamics of good-by-good real exchange rates using a micro-panel of 270 goods prices drawn from major cities in 63 countries and 258 goods prices drawn from 13 major U.S. cities. We find the half-life of ...
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(Vanderbilt University, 2006)This paper is a non-technical review of research developments in the international real business cycle literature. International business cycle facts are summarize with particular attention to the sources of output variance ...
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(Vanderbilt University, 2006)This paper shows how the institutional rules imposed on its signatories by the GATT created a strategic incentive for countries to liberalize gradually. Trade liberalization must be gradual, and free trade can never be ...
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(Vanderbilt University, 2006)Can the presence of private information in a transaction yield a Pareto-improvement over complete information? In this paper we show that the combination of multi-agent simultaneous signaling of private information, and ...