Now showing items 236-255 of 319

    • 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 ...
    • Gajdos, Thibault; Weymark, John A.; Zoli, Claudio (Vanderbilt University, 2008)
      The evaluation of social risk equity for alternative probability distributions over the potential sets of fatalities is analyzed axiomatically. Fishburn and Straffin [Equity considerations in public risks valuation, ...
    • Sanderson, Allen R.; Siegfried, John J. (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 ...
    • Saggi, Kamal; Limao, Nuno (Vanderbilt University, 2011)
      Developing countries now account for a significant fraction of both world trade and two thirds of the membership of the World Trade Organization (WTO). However, many are still individually small and thus have a limited ...
    • Abdel-Rahman, Hesham M.; Norman, George; Wang, Ping (Vanderbilt University, 2001)
      This paper develops a North-South trade model in which the South produces food and the North produces both food and a high-tech good. Food production is undertaken by unskilled workers while the high-tech product is made ...
    • Siegfried, John; Stock, Wendy A. (Vanderbilt University, 2000)
      The elapsed time taken to earn a Ph.D. in economics is analyzed with data from 618 1996-97 Ph.D.s. A duration model indicates that students supported by fellowships, and those holding a prior masters degree finish faster. ...
    • Mani, Anandi; Mullin, Charles H. (Vanderbilt University, 2000)
      We examine the impact of a desire for social approval on education and occupation choice and model the endogenous determination of perceptions that influence such approval. In a two-sector overlapping generations framework, ...
    • Mani, Anandi; Mullin, Charles H. (Vanderbilt University, 2001)
      We examine the phenomenon of "pockets of teenage illegitimacy" in a model of social approval, where attitudes to such illegitimacy are endogenously determined at a local community level. Both a woman's actual well-being ...
    • Le Breton, Michel; Weymark, John A. (Vanderbilt University, 2000)
      Arrow's axioms for social welfare functions are shown to be inconsistent when the set of alternatives is the nonnegative orthant in a multidimensional Euclidean space and preferences are assumed to be either the set of ...
    • Bossert, Walter; Weymark, John A. (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 ...
    • Zissimos, Ben (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 ...
    • Hutchinson, William K.; Ungo, Ricardo (Vanderbilt University, 2004)
      At the time when the Panama Canal was handed over to Panama, most people believed that the Canal was of little material worth to the United States. However, what was the value of this canal to the United States in the ...
    • Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2002)
      We draw together concepts from political science, law, and economics to model discretionary actions by agents in a weak hierarchical system, wherein agents at a higher level cannot directly discipline those at a lower ...