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Race and Home Ownership in Twentieth Century America: The Role of Sample Composition
(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 ...
Is the Wicked Stepmother Just a Fairytale?
(Vanderbilt University, 2000)
Most studies of family structure and child outcomes conclude that stepchildren fare little better than children in single-parent families, and substantially worse than children in intact families. Is this because adults ...
Recombinant Estimation for Normal-Form Games with Applications to Auctions and Bargaining
(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 ...
Searching for Evidence of Alternative Preferences, Public as Opposed to Private
(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 ...
Production Externalities and Urban Configuration
(Vanderbilt University, 2000)
Jacobs (1969) argues that uncompensated knowledge spillovers have played a crucial role in population agglomeration and thus in the generation of cities. We explore this idea formally by extending the Romer (1986) model ...
Fight Fire with Fire: A Model of Pollution and Growth with Cooperative Settlement
(Vanderbilt University, 2000)
This paper establishes a growth model where firms and residents in polluted areas bargain cooperatively to settle environmental concerns. While economic development affects the extent of the negotiation outcomes, the ...
Dispersion in Real Exchange Rates
(Vanderbilt University, 2000)
Using cross-sectional data on local currency prices of over 1,800 retail goods and services across 13 European countries in the mid 1980's, we characterize the behavior of average relative prices --- `real exchange rates' ...
Is There Chaos in the World Economy?A Nonparametric Test Using Consistent Standard Errors
(Vanderbilt University, 2001)
A positive Lyapunov exponent is one practical definition of chaos. We develop a formal test for chaos in a noisy system based on the consistent standard errors of the nonparametric Lyapunov exponent estimators. When our ...
Race and Home Ownership: A Century-Long View
(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 ...
Can Micro-Credit Bring Development?
(Vanderbilt University, 2005)
We examine the long-run effects of micro-credit on development in an occupational choice model very similar to Banerjee and Newman (JPE, 1993). Micro-credit is modeled as a pure improvement in the credit market that opens ...