Now showing items 224-243 of 319

    • Collins, William J.; Margo, Robert A. (Vanderbilt University, 2001)
      This paper examine long-run trends in racial differences in home ownership rate and in the value of owner-occupied housing. In contrast to our previous work, we include female-headed households in the analysis. This extension ...
    • Collins, William J.; Margo, Robert A. (Vanderbilt University, 2000)
      This paper uses census IPUMS data to analyze trends in racial differences in home ownership and housing values and to examine the connection between residential segregation and the housing status of blacks relative to ...
    • Collins, William J.; Margo, Robert A. (Vanderbilt University, 2000)
      This paper begins by documenting racial convergence in the value of owner-occupied housing from 1940 to 1990. Most of this convergence occurred before 1970, as black and white home owners became more similar in terms of ...
    • Foster, James E.; Mitra, Tapan (Vanderbilt University, 2001)
      This paper describes conditions under which one investment project dominates a second project in terms of net present value, irrespective of the choice of the discount rate. The resulting partial ordering of projects has ...
    • Hughes Hallett, Andrew; Demertzis, Maria (Vanderbilt University. Dept. of Economics, 2004-02)
      In this paper we examine the consequences of having a Central Bank whose preferences are state contingent. This has variously been identified in the literature as a Central Bank that is "rationally inattentive", "risk ...
    • Huang, Kevin X.D.; Caliendo, Frank (Vanderbilt University, 2007)
      Empirical evidence suggests that it may cost time, effort, and resources to properly implement a saving plan, though such cost may differ across individual consumers. We document seven facts on macroeconomic consumption ...
    • Lucking-Reiley, David; Mullin, Charles H. (Vanderbilt University, 2000)
      In empirical studies of simultaneous-move games, such as sealed-bid auctions, researchers frequently wish to estimate quantities which depend on interactions between the strategies of different players. Examples include ...
    • Zissimos, Ben; Wooders, Myrna H. (Vanderbilt University, 2006)
      This paper argues that, because governments are able to relax tax competition through public good differentiation, traditionally high-tax countries have continued to set taxes at a relatively high rate even as markets have ...
    • Wen, Quan (Vanderbilt University, 2002)
      This paper studies a class of dynamic games, called repeated games with asynchronous moves, where not all players may revise their actions in every period. With state-dependent backwards induction, we introduce the concept ...
    • Eden, Benjamin; Jaremski, Matthew S. (Vanderbilt University, 2009)
      This paper studies price setting within a chain of grocery stores, using a scanner database that contains observations of retail prices for 435 products within 75 stores over 121 weeks. We find price dispersion within the ...
    • Atack, Jeremy; Bateman, Fred; Margo, Robert A. (Vanderbilt University, 2000)
      We use data from the manuscript censuses of manufacturing for 1850, 1860, 1870, and 1880 to study the dispersion of average monthly wages across establishments. We find a marked increased in wage inequality over the period, ...
    • Le Van, Cuong; Page, Frank H.; Wooders, Myrna H. (Vanderbilt University, 2005)
      We introduce a no-risky-arbitrage price (NRAP) condition for asset market models allowing both unbounded short sales and externalities such as trading volume. We then demonstrate that the NRAP condition is sufficient for ...
    • Maneschi, Andrea (Vanderbilt University, 2000)
      In his History of Economic Analysis, Schumpeter stated that although the subject of his book is a history of economic analysis, "analytic effort is of necessity preceded by a preanalytic cognitive act that supplies the raw ...
    • Daughety, Andrew F.; Reinganum, Jennifer F. (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 ...
    • Russell, Clifford S.; Bjorner, Thomas Bue; Clark, Christopher D. (Vanderbilt University, 2001)
      Important economic thinkers such as Sen, Arrow and Harsanyi have argued for the existence of multiple preference orderings, allowing individuals to make choices, both when only private welfare is at stake and when the good ...
    • Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2003)
      We employ a simple two-period model to show that the use of confidential settlement as a strategy for a firm facing tort litigation leads to lower average product safety than that which would be produced if a firm were ...
    • Ahlin, Christian; Townsend, Robert (Vanderbilt University, 2003)
      Various theories make predictions about the relative advantages of individual loans versus joint liability loans. If we imagine that lenders facing moral hazard make relative performance comparisons in determining stringency ...
    • Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2008)
      This survey of the modeling of pretrial settlement bargaining organizes current main themes and recent developments. The basic concepts used are outlined as core models and then several variations on these core models are ...
    • Weymark, John A. (Vanderbilt University, 2005)
      Diamond and Mirrlees have shown that public sector shadow prices should be set equal to the private producer prices in some circumstances even if taxes are not optimal when the public production technology is convex and ...
    • Weymark, John A. (Vanderbilt University, 2003)
      James Buchanan (Economica, 1966) has argued that Alfred Marshall's theory of jointly-supplied goods can be extended to analyze the allocation of impure public goods. This article introduces a way of modelling sharing ...