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The Political Economy of State Fair-Housing Laws Prior to 1968
(Vanderbilt University. Dept. of Economics, 2004-06)
The confluence of the Great Migration and the Civil Rights Movement propelled the drive for "fair-housing" legislation which attempted to curb overt discrimination in housing markets. This drive culminated in the passage ...
Competition and Confidentiality: Signaling Quality in a Duopoly when there is Universal Private Information
(Vanderbilt University. Dept. of Economics, 2004-07)
How does the need to signal quality through price affect equilibrium pricing and profits, when a firm faces a similarly-situated rival? In this paper, we provide a model of non-cooperative signaling by two firms that compete ...
A Dynamic Factor Approach to Nonlinear Stability Analysis
(Vanderbilt University. Dept. of Economics, 2004-08)
A method of principal components is employed to investigate nonlinear dynamic factor structure using a large panel data. The evidence suggests the possibility of nonlinearity in the U.S. while it excludes the class of ...
Existence and Efficiency of a Price-Taking Equilibrium in an Economy with Public Goods, Externalities, and Property Rights: A Coasian Approach
(Vanderbilt University. Dept. of Economics, 2004-01)
We consider a general equilibrium economy with public goods and externalities. Following Boyd and Conley (1997), we treat externality markets directly instead of indirectly through Arrovian commodities. Because such direct ...
Rational Ambiguity and Monitoring the Central Bank
(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 ...
Found Money? Split-Award Statutes and Settlement of Punitive Damages Cases
(Vanderbilt University, 2000)
We examine the effect of "split-award" statutes (wherein the State takes a share of a punitive damages award) on equilibrium settlements and the incentives to go to trial. We find that split-award statutes simultaneously ...
GPED Newsletter, 2010
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GPED Newsletter, Spring 2019
(2019-05-01)
GPED Newsletter, Fall 2019
(2019-10-01)