Browsing Working Papers by Title
Now showing items 114-133 of 319
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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 ...
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(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 ...
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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, 2000)This paper looks at the paradigm of the past two decades that goes under the name of "new trade theory" or "new international economics", and rejects the assumptions underlying mainstream trade theory such as constant ...
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(Vanderbilt University, 2010)The impacts of changing the number of individuals of a particular skill level on the solutions to two versions of the finite population optimal nonlinear income tax problem are investigated. In one version, preferences are ...
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(Vanderbilt University, 2003)This paper studies the allocation of skilled and unskilled workers with different human capital levels between locations: city and rural area. In the city, activities are congregated thus there is externality in production. ...
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(Vanderbilt University, 2001)When data contain errors, parameters of interest typically are not identified without imposing strong assumptions. However, in many cases, bounds on these parameters can be constructed under relatively weak assumptions. ...
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(Vanderbilt University. Dept. of Economics, 2004-05)This essay, written in honor of the economic historian Robert Higgs, surveys the economic history of African Americans from the end of slavery to the present day. This history, I argue, was largely one of convergence. ...
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(Vanderbilt University. Dept. of Economics, 2004-04)The paper estimates the impact on school attendance and child labor of conditional cash payments to poor families in Brazil. It describes Brazil's transfer programs and presents statistics on school attendance and child ...
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(Vanderbilt University, 2005)We examine the interplay of imperfect competition and incomplete information in the context of price competition among firms producing horizontally- and vertically-differentiated substitute products. We find that incomplete ...
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(Vanderbilt University, 2008)The welfare gains from adopting a zero nominal interest policy depend on the implementation details. Here I argue that implementing the Friedman rule by a government loan program may be better than implementing it by ...
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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 ...
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(Vanderbilt University, 2011)The Portuguese and Dutch merchant empires had a similar geographic distribution with outposts all around the Indian Ocean, which they controlled and manned. Both empires faced the same problem of monitoring their agents ...
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(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 ...
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(Vanderbilt University, 2010)Abstract: A challenge facing the literature of equilibrium indeterminacy and sunspot-driven business cycle fluctuations based on increasing returns to scale in production is that the required degree of increasing returns ...
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(Vanderbilt University, 2002)The problem of monetary policy delegation is formulated as a two-stage game between the government and the central bank. In the first stage the government chooses the institutional design of the central bank. Monetary and ...
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(Vanderbilt University, 2003)The problem of monetary policy delegation is formulated as a two-stage game between the government and the central bank. In the first stage the government chooses the institutional design of the central bank. Monetary and ...
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(Vanderbilt University, 2005)I study an example of a competitive environment in which trade occurs in a sequential manner. In this example, a country with a stable demand may suffer from trade with a country with unstable demand, there may be too much ...
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(Vanderbilt University, 2004)In this paper we compare the intra-household dispersion of children's education achievement in single female-parent households with two-parent households. We find significantly more dispersion across children in households' ...
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(Vanderbilt University, 2001)The problem of monetary policy delegation is formulated as a two-stage non-cooperative game between the government and the central bank. The solution to this policy game determines the optimal combination of central bank ...