Browsing Department of Economics by Title

Now showing items 299-318 of 328

    • The Law of Demand in Tiebout Economies 
      Cartwright, Edward; Wooders, Myrna (Vanderbilt University, 2005)
      We consider a general equilibrium local public goods economy in which agents have two distinguishing characteristics. The first is 'crowding type,' which is publicly observable and provides direct costs or benefits to the ...
    • The Normative Approach to the Measurement of Multidimensional Inequality 
      Weymark, John A. (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 ...
    • The Partnered Core of a Game with Side Payments 
      Reny, Philip J.; Winter, Eyal; Wooders, Myrna (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 ...
    • The Pitfalls of a Partially Honest Bureaucracy: Bribery, Inefficiency, and Bureaucratic Delay 
      Ahlin, Chris; Bose, Pinaki (Vanderbilt University, 2002)
      Bribery, it has been argued, allocates resources efficiently. We show that this conclusion need not hold in a dynamic extension of a simple static model in which it does. When permits are awarded over time and applicants ...
    • The Political Economy of Race and the Adoption of Fair Employment Laws, 1940-1964 
      Collins, William J. (Vanderbilt University, 2001)
      This paper explores the political economy of anti-discrimination legislation during the ascendancy of the Civil Rights Movement. It traces the diffusion of state-level fair employment legislation and evaluates the relative ...
    • The Pro-Trade Effects of Immigration on American Exports During Period 1870 to 1910 
      Hutchinson, William K. (Vanderbilt University, 2001)
      This paper examines the impact of a stock of immigrants in the United States on American exports to their home country during the period 1870 to 1910. Our data set spans the exports of 44 commodities to 17 countries observed ...
    • The Role of Government in the Credit Market 
      Eden, Benjamin (Vanderbilt University, 2009)
      The paper assumes a government advantage in collecting income contingent payments and develop a proposal for a government loan program that is an integral part of the tax system. The focus is on administrative costs and ...
    • The Sensitivity of Capital Use to Price in Higher Education 
      Getz, Malcolm; Siegfried, John J. (Vanderbilt University, 2004)
      We test whether U.S. colleges and universities adjust their physical capital intensity to differences in factor prices by regressing the square feet of space per student on construction prices across institutions. The ...
    • The Structure and Performance of the World Market in a Cobb-Douglas Example 
      Zissimos, Ben (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 ...
    • The Undergraduate Origins of Ph.D. Economists 
      Siegfried, John J.; Stock, Wendy A. (Vanderbilt University, 2006)
      We document the types of undergraduate colleges and universities attended by those who earned a doctorate in economics from an American university from 1966 through 2003 and examine relationships between type of undergraduate ...
    • Thinking About Competitive Balance 
      Sanderson, Allen R.; Siegfried, John J. (Vanderbilt University, 2003)
      Simon Rottenberg long ago noted that the nature of sports is such that competitors must be of approximately equal ability if any are to be financially successful. In recent years, sports commentators and fans, Major League ...
    • Trade Restrictions and Factor Prices:Slave Prices in Early Nineteenth Century US 
      Coleman, Ashley N.; Hutchinson, William K. (Vanderbilt University, 2005)
      Trade restrictions impact factor and commodity prices in very predictable ways according to international trade theory. We use a new data set to explore the direct effect on the price of slaves that resulted from legislation ...
    • Trade Skirmishes and Safeguards: A Theory of the WTO Dispute Settlement Process 
      Beshkar, Mostafa (Vanderbilt University, 2007)
      I model the World Trade Organization as an impartial arbitrator with no enforcement power which issues public signals correlated with the state of the world in the disputing countries. Such public signals, by mitigating ...
    • Trimmed Strategies: Achieving Sequentially Rational Equilibria with only Partially Specified Strategies 
      Groenert, Valeska (Vanderbilt University, 2008)
      Both subgame-perfect equilibrium and weak-perfect Bayesian equilibrium impose rationality at information sets that are irrelevant for a sequentially rational outcome. In this paper, for each of these equilibrium concepts, ...
    • Turning Points in Leadership: Shipping Technology in the Portuguese and Dutch Merchant Empires 
      Rei, Claudia (Vanderbilt University, 2011)
      This paper focuses on the implications of organizational control on the race for economic leadership across merchant empires. Poor organizational choices reduce incentives to invest, which in turn stifle technological ...
    • Undergraduate Financial Aid and Subsequent Alumni Giving Behavior 
      Dugan, Kelly; Mullin, Charles H.; Siegfried, John J. (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 ...
    • Understanding European Real Exchange Rates 
      Crucini, Mario J.; Telmer, Chris I.; Zachariadis, Marios (Vanderbilt University, 2001)
      We study good-by-good deviations from the Law-of-One-Price for over 5,000 goods and services between European Union countries for the years 1975, 1980, 1985 and 1990. We find that between most countries there are roughly ...
    • Unique Inefficient Perfect Equilibrium in a Stochastic Model of Bargaining with Complete Information 
      Furusawa, Taiji; Wen, Quan (Vanderbilt University, 2001)
      We consider a two-player strategic bargaining model with discounting in which (i) the interim disagreement point in each period is stochastically determined at the beginning of the period, and (ii) the proposing player can ...
    • Using Repayment Data to Test Across Models of Joint Liability Lending 
      Ahlin, Christian; Townsend, Robert (Vanderbilt University, 2002)
      Spurred by its successful delivery of credit to poor borrowers in diverse areas of the developing world, joint liability lending has caught the imagination of development theorists and practitioners. Various theories have ...
    • Using Taylor Rules as Efficiency Benchmarks 
      Weymark, Diana N. (Vanderbilt University, 2000)
      In this article, benchmark Taylor rules are obtained as the solution to a dynamic programming problem in which interest rates are chosen to minimize the discounted sum of observed inflation and output variations. The ...