Department of Economics: Recent submissions
Now showing items 1-20 of 328
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(Vanderbilt University, 2011)This paper presents a new theory of trade policy-making based on the possibility of social conflict, and determines the conditions under which it will apply. In a setting where property rights are poorly enforced, the paper ...
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(Vanderbilt University, 2011)The paper analyzes the intermediation role of government under the assumption that it has an advantage over the private sector in collecting uncollateralized loan payments. It isshown that a government loan program may ...
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(Vanderbilt University, 2011)We show that, in the context of the market for a professional service, adverse selection problems can sufficiently exacerbate moral hazard considerations so that even though all agents are risk neutral, welfare can be ...
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(Vanderbilt University, 2011)This chapter provides a survey of much of the recent theoretical analysis of products liability. We start by describing an idealized model and providing the specific economic assumptions which underpin it. Later sections ...
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(Vanderbilt University, 2011)This paper shows how, under threat of revolution, a nation's elite are able to maintain political stability and hence ownership of their wealth by creating or expanding a `pampered bureaucracy.' The elite thus divert part ...
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(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 ...
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(Vanderbilt University, 2011)A necessary and sufficient condition for dominant strategy implementability when preferences are quasilinear is that, for any individual i and any choice of the types of the other individuals, all k-cycles in i's allocation ...
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(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 ...
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(Vanderbilt University, 2011)We trace directors through time and across firms to study whether acquirers' exposure to non-public information about potential targets through board service histories affects the market for corporate control. In a sample ...
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(Vanderbilt University, 2011)We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a `second-mover advantage.' In our model, firms do not unanimously ...
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(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 ...