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Articles 1 - 26 of 26

Full-Text Articles in Social and Behavioral Sciences

A Rationale For Meeting Quotas Asymmetrically, J. Patrick Meister, Robert S. Main Dec 2002

A Rationale For Meeting Quotas Asymmetrically, J. Patrick Meister, Robert S. Main

Scholarship and Professional Work - Business

Under certain conditions, otherwise identical, competing firms may find it jointly preferable to face differing degrees of trade barriers on individual products rather than symmetric trade barriers. The key is the ability to reduce marginal production cost via research and development. The economic significance of this insight is that there could be a role for a market for quota allotments. This insight also has applications to Voluntary Export Restraints in which a priori symmetric, restricted firms may prefer to have individual production levels allocated asymmetrically. This indicates the need for detailed studies of how quotas are met by individual firms ...


One Nation Among Many: Policy Implications Of Cross-Border Tax Arbitrage, Diane M. Ring Dec 2002

One Nation Among Many: Policy Implications Of Cross-Border Tax Arbitrage, Diane M. Ring

Boston College Law School Faculty Papers

Cross-border tax arbitrage arises where a transaction is subject to two or more countries’ differing tax regimes. Conflicts between the tax rules create unique opportunities for the parties to engage in profitable tax planning – opportunities that would not be available if the transaction occurred entirely domestically in one of the countries. These opportunities have been a growing feature of the multi-jurisdictional business world and have raised issues concerning whether and how countries, such as the United States, should respond. This Article examines cross-border tax arbitrage in the context of both domestic tax policy and of other international tax issues, and ...


November 2002, Syracuse Department Of Economics Nov 2002

November 2002, Syracuse Department Of Economics

Economics - Faculty Scholarship

No abstract provided.


New Estimates Of British Unemployment, 1870-1913, George R. Boyer, Timothy J. Hatton Sep 2002

New Estimates Of British Unemployment, 1870-1913, George R. Boyer, Timothy J. Hatton

Articles and Chapters

We present new estimates of the British industrial unemployment rate for 1870- 1913, which improve on the Board of Trade's prior estimates. We use similar sources, but our series includes additional industrial sectors, allows for short-time working, and aggregates the various sectors using appropriate labor-force weights from the census. The resulting index suggests a rate of industrial unemployment that was generally higher, but less volatile, than the board's index. We then adjust our series to an economywide basis, and construct a consistent time series of overall unemployment for 1870-1999.


April 2002, Syracuse Department Of Economics Apr 2002

April 2002, Syracuse Department Of Economics

Economics - Faculty Scholarship

No abstract provided.


How Is Constitutional Law Made?, Tracey E. George, Robert J. Pushaw, Jr. Jan 2002

How Is Constitutional Law Made?, Tracey E. George, Robert J. Pushaw, Jr.

Vanderbilt Law School Faculty Publications

Professors George and Pushaw review Maxwell L. Stearns’ book, “Constitutional Process: A Social Choice Analysis of Supreme Court Decision-making.” In his book, Stearns demonstrates that the U.S. Supreme Court fashions constitutional law through process-based rules of decision such as outcome voting, stare decisis, and justiciability. Employing “social choice” economic theory, Professor Stearns argues that the Court strives to formulate rules that promote rationality and fairness. Perhaps the greatest strength of Stearns’ book is that he presents a grand unified theory of the Court’s rules of constitutional process and the resulting development of doctrine. This strength can also be ...


The Economics Of Finishing Pigs In Hoop Structures And Confinement Facilities: A Summer Comparison, Benjamin Larson, James B. Kliebenstein, Mark S. Honeyman, Arlie D. Penner Jan 2002

The Economics Of Finishing Pigs In Hoop Structures And Confinement Facilities: A Summer Comparison, Benjamin Larson, James B. Kliebenstein, Mark S. Honeyman, Arlie D. Penner

Iowa State Research Farm Progress Reports

This report is part of an ongoing research project that is being conducted at the Iowa State University Rhodes Research Farm. This research is aimed at comparing two swine finishing facility types under a wide range of circumstances. This report provides results from a group of pigs finished during the summer season of 2000–2001. Evolution of the swine industry has forced industry members to reevaluate operations and utilize an increasing amount of risk management. A survey conducted in May 2001 showed that hoop buildings are becoming an important part of the swine industry. Hoop buildings became widely available in ...


Back To The Future? Canada's Experience With Constructive Engagement In Cuba, Michael Bell, Eugene Rothman, Marvin Schiff, Christopher Walker Jan 2002

Back To The Future? Canada's Experience With Constructive Engagement In Cuba, Michael Bell, Eugene Rothman, Marvin Schiff, Christopher Walker

Institute for Cuban & Cuban-American Studies Occasional Papers

No abstract provided.


Study By Former Canadian Diplomat Takes On Canada's Engagement Policy Toward Cuba, Lourdes Cué Jan 2002

Study By Former Canadian Diplomat Takes On Canada's Engagement Policy Toward Cuba, Lourdes Cué

Institute for Cuban & Cuban-American Studies Occasional Papers

No abstract provided.


An Economic Analysis Of Pork Production In Hoop And Confinement Facilities: A Winter Comparison, Benjamin Larson, James B. Kliebenstein, Mark S. Honeyman, Arlie D. Penner Jan 2002

An Economic Analysis Of Pork Production In Hoop And Confinement Facilities: A Winter Comparison, Benjamin Larson, James B. Kliebenstein, Mark S. Honeyman, Arlie D. Penner

Iowa State Research Farm Progress Reports

This report is part of an ongoing research project that is being conducted at the Iowa State University Rhodes Research Farm. This research is aimed at comparing two swine finishing facility types under a wide range of circumstances. This report provides results from a group of pigs finished during the winter season of 2000–2001. The evolution of the swine industry has forced industry members to reevaluate their operations and utilize an increasing amount of risk management. A survey conducted in May of 2001 showed that hoop buildings are becoming an increasingly important part of the swine industry. Hoop buildings ...


Saving Adam Smith: A Tale Of Wealth, Transformation, And Virtue, Jonathan B. Wight Jan 2002

Saving Adam Smith: A Tale Of Wealth, Transformation, And Virtue, Jonathan B. Wight

Bookshelf

Every once in a while a great business novel is published. This is one of those novels. Follow an up-and-coming graduate student on a picturesque adventure involving terroristics and love, and learn, or better yet, re-learn, correctly this time, a little economics.


Essays On Aging, Unemployment, And Retirement In A Life-Cycle Model Of Search And Matching In The Labor Market, Aarti Singh Jan 2002

Essays On Aging, Unemployment, And Retirement In A Life-Cycle Model Of Search And Matching In The Labor Market, Aarti Singh

Retrospective Theses and Dissertations

Recent demographic changes, for example, aging of the population, declining labor force participation of older workers and high displacement rates among older workers suggest that the life-cycle of workers has important implications for the aggregate labor market. In addition, increasing number of workers are retiring from the labor market due to leisure considerations implying that leisure plays an important role in their decision making process. The model presented here captures these aspects of the labor market by embedding a model of the labor market characterized by search and matching frictions, into an overlapping generations model with finitely lived agents. Two ...


Three Essays On Long Memory Tests For Persistence In Volatility And Structural Vector Autoregression Modeling Of Real Exchange Rates , Osman Kubilay Gursel Jan 2002

Three Essays On Long Memory Tests For Persistence In Volatility And Structural Vector Autoregression Modeling Of Real Exchange Rates , Osman Kubilay Gursel

Retrospective Theses and Dissertations

In the first chapter the performance of two of the long memory tests, the Modified Rescaled Range Test and Geweke and Porter-Hudak Test for persistence in small samples is examined using Monte-Carlo methods. Some possible candidates for persistence in volatility are Autoregressive Conditional Heteroskedasticity (ARCH), Markov Regime Switching ARCH, and long memory. The long memory series are simulated through a Semi-Markov process with Pareto waiting times and lognormal realizations. The persistence in volatility arising from transition waiting probabilities for a Markov Regime Switching process, and from the tail index of the waiting time distribution for the Semi-Markov process is established ...


Information On Genetically Modified Foods And How It Affects Consumers: Evidence From Experimental Auctions , Matthew Christopher Rousu Jan 2002

Information On Genetically Modified Foods And How It Affects Consumers: Evidence From Experimental Auctions , Matthew Christopher Rousu

Retrospective Theses and Dissertations

Genetically modified (GM) foods have been at the center of a contentious debate. One side of the debate includes environmental groups like Greenpeace and Friends of the Earth, who are opposed to GM foods---these groups would like GM foods banned, or at the very least they want GM foods to be clearly labeled as such. On the other side of the debate are agribusiness companies like Monsanto and Syngenta, who view GM foods positively. They think GM foods help the environment and could help feed the malnourished. Both groups actively disseminate information on genetically modified foods.;This dissertation reports on ...


Testing For Nonlinearities In Time Series With An Application To Exchange Rates , Yan Zhang Jan 2002

Testing For Nonlinearities In Time Series With An Application To Exchange Rates , Yan Zhang

Retrospective Theses and Dissertations

This dissertation focuses on testing for nonlinearities in time series. Inspired by the work of Luukkonen et al. (1988) and Saikkonen and Luukkonen (1988), we consider applying a linearity test constructed specifically to general linearity testing by utilizing the power of a specific linearity test against "incorrect" nonlinear models. The LM test is discussed as a specific linearity test. To evaluate its performance as a general linearity test, we introduce a popular general linearity test, the BDS test, for comparison. Both power and size properties of the tests are investigated using Monte Carlo simulation and Bootstrap methods. The data generating ...


Contract Design In Soybean Production, Nandini Ramesh Jan 2002

Contract Design In Soybean Production, Nandini Ramesh

Retrospective Theses and Dissertations

Although there is considerable interest in component pricing of soybeans from both the industry and the academia, it is not commonly observed in the soybean industry. In this thesis, the Principal Agent model is used to design a contract between a processor and grower. The processor provides incentives to growers to produce soybeans with higher components (protein and oil) in them. Under the assumption that growers are risk neutral, a contract is designed where the grower faces all the risk in the production of components. The contract also compensates the grower for the yield drag as a result of production ...


Price Level Determination: Ricardian Vs Non-Ricardian Policies , Oya Safinaz Erdogdu Jan 2002

Price Level Determination: Ricardian Vs Non-Ricardian Policies , Oya Safinaz Erdogdu

Retrospective Theses and Dissertations

In that study we analyzed the U.S. inflation rate using the structural vector autoregression (SVAR) and the structural vector error correction models (SVECM) to compare different theories of price level: monetarist theory, unpleasant monetarist arithmetic and the fiscal theory of price level. Our results for the SVAR models favor the monetarist theory, whereas the SVECM indicate the relations given by unpleasant monetarist theory.


Expected Returns From Starting A Large Scale Closed Dairy Cooperative Under Price And Biological Uncertainties , Marty James Dreischmeier Jan 2002

Expected Returns From Starting A Large Scale Closed Dairy Cooperative Under Price And Biological Uncertainties , Marty James Dreischmeier

Retrospective Theses and Dissertations

The objective of this paper is to determine if it is economically feasible to form a large-scale closed dairy cooperative in the upper Midwest. Simulations were performed for both price and biological variables to calculate the cash flows for a large-scale closed dairy cooperative over the 1st 10 years of operation. The cash flows were calculated using a farm level financial model that was developed to incorporate the biologically driven production process into the cash flow model. The distribution of returns for the cooperative members were estimated and reported for different starting equity levels and different production growth paths. In ...


Uncovered Interest Parity And Threshold Cointegration Approach: Theory And Evidence , Seunghwan Kim Jan 2002

Uncovered Interest Parity And Threshold Cointegration Approach: Theory And Evidence , Seunghwan Kim

Retrospective Theses and Dissertations

Although the uncovered interest parity (UIP) condition has played an important role in many theoretical and empirical models of open-economy macroeconomics, the conventional empirical test for the validity of UP has shown that the null hypothesis of the UP condition is almost always rejected and, especially, the slope estimate of the forward premium is significantly negative. Four different approaches to explaining this UIP puzzle have been introduced so far, but none of them has succeeded in providing a fully acceptable rationale and empirical test result. The present paper investigates the UIP puzzle using the threshold cointegration approach for major four ...


Three Essays On Food Security, Food Demand And Welfare Program Participation , Suwen Pan Jan 2002

Three Essays On Food Security, Food Demand And Welfare Program Participation , Suwen Pan

Retrospective Theses and Dissertations

The relationship among food security, food away from home and welfare program participation is examined in the dissertation. Current Population Survey data are used to identify and compare the effects of family structure, income sources, and demographic information on food stamp program participation and food consumption based on different food security status. In addition, Iowa administration data are used to compare the effects of local socioeconomic situation on family investment program participation between rural and non-rural areas. Analysis in the first paper uses a bivariate ordered probit model and the results show that the effects of family structure, income sources ...


Sustainability Of A Fiscal Policy And A Current Account: A Threshold Cointegration Approach For The G-7 Countries , Julio César Alonso Cifuentes Jan 2002

Sustainability Of A Fiscal Policy And A Current Account: A Threshold Cointegration Approach For The G-7 Countries , Julio César Alonso Cifuentes

Retrospective Theses and Dissertations

This dissertation investigates the sustainability of the fiscal policies and current accounts of the G-7 countries. Sustainability implies---for example in the case of a fiscal policy---that total revenues and expenditures need to be cointegrated with cointegrating vector [1,-1]. Researchers have been using linear cointegration tools to tests for sustainability.;However, the idea of admitting the possibility of a change in regime in which the fiscal policy or current account was sustainable up until some date t and only after that date an unsustainable situation was introduced or vice versa has been in mind of researchers. The intuition behind this ...


Disparities In Empirical Welfare Measures: The Effects Of Time And Information , Jay Roger Corrigan Jan 2002

Disparities In Empirical Welfare Measures: The Effects Of Time And Information , Jay Roger Corrigan

Retrospective Theses and Dissertations

In a static setting, willingness to pay (WTP) for an increase in quantity or quality is simply equal to the compensating variation, a Hicksian welfare measure. Likewise, willingness to accept compensation in exchange (WTA) for a decrease in quantity or quality is equal to the equivalent variation. However, in a dynamic setting characterized by uncertainty, limited delay or reversal, and the potential for learning, these stated preference measures may also contain option values. Zhao and Kling (Economics Letters , 2001) use real options theory to explain the relationship between learning, irreversibility, and value formulation in a dynamic setting. In this dissertation ...


Product Differentiation Arising From Genetically Modified Organisms: Trade And Welfare Effects In The Soybean Complex , Andrei A. Sobolevsky Jan 2002

Product Differentiation Arising From Genetically Modified Organisms: Trade And Welfare Effects In The Soybean Complex , Andrei A. Sobolevsky

Retrospective Theses and Dissertations

The first biotechnology innovations in agriculture, such as herbicide resistant crops, took the form of cost reducing process innovations and were modeled as such. In recent years it became clear that these innovations are also product innovations in that they introduce altered, genetically modified final products to the market, and consumer preferences against the presence of GMOs in food drive the differentiation between products obtained using the conventional and biotechnology. I develop a new partial equilibrium four-region world trade model for the soybean complex comprising soybeans, soybean oil and soybean meal, in which some consumers view genetically modified Roundup Ready ...


Liberal Ideals And Political Feasibility: Guest-Worker Programs As Second-Best Policies, Howard F. Chang Jan 2002

Liberal Ideals And Political Feasibility: Guest-Worker Programs As Second-Best Policies, Howard F. Chang

Faculty Scholarship at Penn Law

No abstract provided.


Double Helix, Double Bind: Factual Innocence And Postconviction Dna Testing, Seth F. Kreimer, David Rudovsky Jan 2002

Double Helix, Double Bind: Factual Innocence And Postconviction Dna Testing, Seth F. Kreimer, David Rudovsky

Faculty Scholarship at Penn Law

No abstract provided.


Put-Call Parity And The Law, Michael S. Knoll Jan 2002

Put-Call Parity And The Law, Michael S. Knoll

Faculty Scholarship at Penn Law

No abstract provided.