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Social and Behavioral Sciences Commons

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Articles 1 - 23 of 23

Full-Text Articles in Social and Behavioral Sciences

Rethinking Microfinance, Lan Cao Jul 2012

Rethinking Microfinance, Lan Cao

Faculty Publications

No abstract provided.


Tolerance, Democracy And Fundamentalism(S) : Challenges In Time Of Systemic Bifurcations, Guillermo C. Hansen Jan 2009

Tolerance, Democracy And Fundamentalism(S) : Challenges In Time Of Systemic Bifurcations, Guillermo C. Hansen

Faculty Publications

No abstract provided.


Will Marriage Promotion Work?, Vivian E. Hamilton Oct 2007

Will Marriage Promotion Work?, Vivian E. Hamilton

Faculty Publications

No abstract provided.


Tolerance And Democracy Instead Of Fundamentalism And Empire, Guillermo C. Hansen Jan 2007

Tolerance And Democracy Instead Of Fundamentalism And Empire, Guillermo C. Hansen

Faculty Publications

No abstract provided.


Review Of Northern Naval Superiority And The Economics Of The American Civil War By David G. Surdam, Jeffrey Rogers Hummel Jan 2004

Review Of Northern Naval Superiority And The Economics Of The American Civil War By David G. Surdam, Jeffrey Rogers Hummel

Faculty Publications

No abstract provided.


A Tractable Approach To The Firm Location Decision Problem, Octávio Figueiredo, Paulo Guimaraes, Douglas P. Woodward Feb 2003

A Tractable Approach To The Firm Location Decision Problem, Octávio Figueiredo, Paulo Guimaraes, Douglas P. Woodward

Faculty Publications

The conditional logit model based on random utility maximization has provided an adequate framework to model firm location decisions. However, in practice, the implementation of this methodology presents problems when one has to handle complex choice scenarios with a large number of spatial alternatives. We posit the Poisson regression as a tractable solution to these problems. We demonstrate that by taking advantage of an equivalence relation between the likelihood function of the conditional logit and the Poisson regression we can, under certain circumstances, easily estimate a conditional logit model regardless of the number of choices. This insight should be particularly ...


Economic Theory, Trader Freedom And Consumer Welfare: State Oil Co. V. Khan And The Continuing Incoherence Of Antitrust Doctrine, Alan J. Meese Jan 1999

Economic Theory, Trader Freedom And Consumer Welfare: State Oil Co. V. Khan And The Continuing Incoherence Of Antitrust Doctrine, Alan J. Meese

Faculty Publications

No abstract provided.


When Y2k Causes "Economic Loss" To "Other Property", Peter A. Alces, Aaron S. Book Jan 1999

When Y2k Causes "Economic Loss" To "Other Property", Peter A. Alces, Aaron S. Book

Faculty Publications

No abstract provided.


Self-Enforcing Union Contracts: Efficient Investment And Employment, John T. Addison, John B. Chilton Jul 1998

Self-Enforcing Union Contracts: Efficient Investment And Employment, John T. Addison, John B. Chilton

Faculty Publications

Baldwin (1983) asks whether a firm can credibly deter union opportunism that would lead to underinvestment. We show that the punishments Baldwin considers credible exclude tougher threats that only have the appearance of being self-destructive. If the firm's discount factor is sufficiently close to one, union opportunism can indeed be deterred. Moreover, we show that given the firm's discount factor, a shorter lifetime of capital does not necessarily promote efficiency. Although, as Baldwin emphasizes, it does enhance the firm's ability to punish union opportunism, it also creates adverse incentives for the firm to engage in opportunistic employment ...


Restating Capitalization Standards And Rules: The Case For "Rough Justice" Regulations (Part Two), John W. Lee, Eldridge Blanton, Veena Luthra, Glenn Walberg, Darryl Whitesell Oct 1997

Restating Capitalization Standards And Rules: The Case For "Rough Justice" Regulations (Part Two), John W. Lee, Eldridge Blanton, Veena Luthra, Glenn Walberg, Darryl Whitesell

Faculty Publications

No abstract provided.


Monetary Policy Preferences Of Individual Fomc Members: A Content Analysis Of The Memoranda Of Discussion, Henry W. Chappell Jr., Thomas M. Havrilesky, Rob Roy Mcgregor Aug 1997

Monetary Policy Preferences Of Individual Fomc Members: A Content Analysis Of The Memoranda Of Discussion, Henry W. Chappell Jr., Thomas M. Havrilesky, Rob Roy Mcgregor

Faculty Publications

The Memoranda of Discussion provide detailed records of Federal Open Market Committee (FOMC) meeting deliberations. Procedures are developed for coding the textual data in the Memoranda and assessing the reliability of those codings. The codings are then used in the estimation of parameters of individual FOMC members' reaction functions. Data from the 1970 to 1976 period are employed in the estimation. In the future, similar methods could be used to analyze newly released transcripts of FOMC meetings held after 1976.


Nondisclosure As A Contract Remedy: Explaining The Advance-Notice Puzzle, John T. Addison, John B. Chilton Jan 1997

Nondisclosure As A Contract Remedy: Explaining The Advance-Notice Puzzle, John T. Addison, John B. Chilton

Faculty Publications

Prior theoretical work predicts an underprovision of advance-notice contracts stemming from their enforcement costs. In the present model, it is rather the fundamental inability of workers to alienate their right to quit taken in conjunction with parameters central to job separation decisions that jointly determine the mix of notice and no-notice contracts observed in equilibrium. Not all equilibrium contracts are efficient, but there is no underprovision of notice. Mandating notice cannot improve on joint value and indeed may reduce it. Furthermore, although a mandate can be merely redistributive, there are cases in which it harms all parties.


Price Theory And Vertical Restraints: A Misunderstood Relation, Alan J. Meese Jan 1997

Price Theory And Vertical Restraints: A Misunderstood Relation, Alan J. Meese

Faculty Publications

The Chicago School of antitrust analysis has exerted a strong influence over the law of vertical restraints in the past two decades, leading the Supreme Court to abandon much of its traditional hostility toward such agreements. Chicago's success has provoked a vigorous response from Populists, who support the traditional approach. Chicago, Populists claim, has improperly relied upon neoclassical price theory to inform the normative and descriptive assumptions that drive its analysis of trade restraints generally and of vertical restraints in particular. This reliance is misplaced, Populists assert, because the real world departs from that portrayed by price-theoretic models and ...


Restating Capitalization Standards And Rules: The Case For "Rough Justice" Regulations (Part One), John W. Lee, Eldridge Blanton, Veena Luthra, Glenn Walberg, Darryl Whitesell Jan 1997

Restating Capitalization Standards And Rules: The Case For "Rough Justice" Regulations (Part One), John W. Lee, Eldridge Blanton, Veena Luthra, Glenn Walberg, Darryl Whitesell

Faculty Publications

No abstract provided.


Avoiding Takings “Accidents”: A Torts Perspective On Takings Law, Eric Kades Jan 1994

Avoiding Takings “Accidents”: A Torts Perspective On Takings Law, Eric Kades

Faculty Publications

Viewing the Takings Clause of the Fifth Amendment as a form of insurance appeals to our intuition. The government, like fire, does not often "take" property, but when faced with extraordinary risk property owners naturally desire compensation. Recent scholarship, however, has dissolved the attractiveness of this perspective. This literature, through economic analysis, claims that the Takings Clause should be repealed and replaced with private takings insurance. This is the "no-compensation" result. This article argues that the insurance-based understanding of the just compensation requirement can be preserved without reaching the surprising no-compensation result. The intuitive appeal of understanding the Takings Clause ...


Economic Performance, Voting, And Political Support: A Unified Approach, Henry W. Chappell Jr. May 1990

Economic Performance, Voting, And Political Support: A Unified Approach, Henry W. Chappell Jr.

Faculty Publications

A presidential vote function and a presidential approval ratings function are jointly estimated for U.S. post-war observations. The estimation technique treats the two equations as seemingly unrelated regressions with unequal numbers of observations. Cross-equation restrictions implying that voters and poll respondents use identical standards in judging the economic performance of incumbents are imposed and tested. Estimates show that both votes and approval ratings are influenced by GNP growth and inflation. The results suggest that poll respondents are more inflation averse than voters; however, tests of this hypothesis are not conclusive.


Export Growth And Economic Performance In Developing Countries: Further Evidence From Africa, John M. Mbaku Dec 1989

Export Growth And Economic Performance In Developing Countries: Further Evidence From Africa, John M. Mbaku

Faculty Publications

Several studies have established that a significant positive relationship exists between export expansion and economic growth. In this study we examine the effect of export growth on factor productivity in Africa. It is seen that export expansion significantly enhances economic growth in Africa.


Job Displacement, Relative Wage Changes, And Duration Of Unemployment, John T. Addison, Pedro Portugal Jul 1989

Job Displacement, Relative Wage Changes, And Duration Of Unemployment, John T. Addison, Pedro Portugal

Faculty Publications

Using special CPS data on displaced workers, this article investigates the wage consequences of job displacement in a framework that emphasizes the effects of past job duration(s) and unemployment duration(s) on postdisplacement wages. Our model also attempts to take account of the simultaneity between unemployment duration and the postdisplacement wage. It is found that duration strongly reduces subsequent earnings and that considerable overstatement of the loss in firm-specific training investments is implied by conventional routes to measuring wage losses.


Union Effects On Productivity, Profits, And Growth - Has The Long Run Arrived?, John T. Addison, Barry T. Hirsch Jan 1989

Union Effects On Productivity, Profits, And Growth - Has The Long Run Arrived?, John T. Addison, Barry T. Hirsch

Faculty Publications

This article interprets literature examining union effects on economic performance. Production function studies indicate small overall union impacts on productivity; positive effects, where they exist, appear to result from management response to decreased profit expectations and from a natural selection process. Lower profitability among unionized firms is well established; more interesting is the possibility that unions appropriate quasi rents deriving from long-lived tangible and intangible capital. the connection between unions, investment behavior, and productivity growth emerges as a particularly fruitful line of empirical inquiry, although it does not encourage a sanguine view of unionism's long-run impact.


Economics Of Agricultural Development In Tropical Africa By Seth La-Anyane, Mark W. Delancey Sep 1987

Economics Of Agricultural Development In Tropical Africa By Seth La-Anyane, Mark W. Delancey

Faculty Publications

No abstract provided.


Presidential Popularity And Macroeconomic Performance: Are Voters Really So Naive?, Henry W. Chappell Jr. Aug 1983

Presidential Popularity And Macroeconomic Performance: Are Voters Really So Naive?, Henry W. Chappell Jr.

Faculty Publications

The article focuses on the relationships between the macroeconomic performance of political administration and their popularity or vote getting ability. All of the studies that has been performed to analyze the relationships agree that votes and popularity can be explained well by models which suppose that voters judge policy makers on the basis of retrospective evaluation of past macroeconomic outcomes. While conventional popularity functions assume that voters simply punish inflation and reward output or low unemployment, voters who understand the long and short run relationships noted above would evaluate policymakers differently. Inflation in a given period is largely determined by ...


Campaign Contributions And Congressional Voting: A Simultaneous Probit-Tobit Model, Henry W. Chappell Jr. Feb 1982

Campaign Contributions And Congressional Voting: A Simultaneous Probit-Tobit Model, Henry W. Chappell Jr.

Faculty Publications

Full-information maximum likelihood (FIML) estimates of the simultaneous probit-Tobit (SPT) model suggest that effects of campaign contributions on voting are smaller than single equation probit estimates would indicate. The author has generally unable to conclude that contributions have a significant impact on voting decisions, apparently votes are most often decided on the basis of personal ideology or preferences of constituents. These findings differ markedly from earlier results of economists Gary C. Durden and Jonathan J. Silberman, whose single equation models showed a substantial impact of contributions on voting decisions. Despite the lack of significance according to model SPT, it would ...


Review Of Economics As A Coordination Problem: The Contributions Of Friedrich A. Hayek By Gerald P. O’Driscoll, Jr., Jeffrey Rogers Hummel Apr 1978

Review Of Economics As A Coordination Problem: The Contributions Of Friedrich A. Hayek By Gerald P. O’Driscoll, Jr., Jeffrey Rogers Hummel

Faculty Publications

No abstract provided.