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255363334 Market and welfare effects of mandatory country-of-origin labeling in the U.S. specialty crops sector: an application to fresh market apples.  
This study provides a new framework of analysis of the market and welfare effects of mandatory country-of-origin labeling (MCOOL) for fruits and vegetables that accounts for heterogeneous...
255363333 National and international tests of the new drug cost offset theory.  
The new drug cost offset theory argues that new drugs pay for themselves by keeping people out of expensive medical facilities. However, few studies have tested this theory at the macroeconomic...
255363332 Trade and tax reforms in a cash-in-advance economy.  
We examine the effects of both tariff-only and coordinated trade-tax reforms on market access, government revenue, and welfare for a small monetary economy, under the assumption that a certain...
255363331 Weathering the storm: measuring household willingness-to-pay for risk-reduction in post-Katrina New Orleans.  
The city of New Orleans suffered extensive damage as a result of Hurricane Katrina. Rebuilding involves decisions on investment in protective measures. An exhaustive list of protective measures...
255363330 Monetary policy and natural disasters in a DSGE model.  
In the immediate aftermath of Hurricane Katrina, speculation arose that the Federal Reserve might respond by easing monetary policy. This article uses a dynamic stochastic general equilibrium...
255363329 Average tax rate cyclicality in OECD countries: a test of three fiscal policy theories.  
This article investigates the cyclical properties of the average effective tax rate in 26 OECD countries over 1965-2003 to test the validity of three theories of fiscal policy: (i) the standard...
255363328 Inflation targeting and relative price variability: what difference does inflation targeting make?  
This article studies the effects of inflation targeting (IT) on relative price variability (RPV) using a data set of twenty countries comprising both targeters and nontargeters. We find that a...
255363327 Do remittances induce inflation? Fresh evidence from developing countries.  
The goal of this article is to examine the determinants of inflation in both the short run and the long run for 54 developing countries using a panel data set covering the 1995-2004 period....
255363326 Are you risk averse over other people's money?  
Decisions with uncertain outcomes are often made by one party in settings where another party bears the consequences. Whenever an individual is delegated to make decisions that affect others, such...
255363325 Outsourcing and vertical integration in a competitive industry.  
We develop a partial equilibrium, perfectly competitive framework of a (potentially) vertically integrated industry. There are three types of firms: upstream firms that use primary factors to...
255363324 The dynamics of knowledge diversity and economic growth.  
How is long run economic growth related to the endogenous diversity of knowledge? We formulate and study a microeconomic model of knowledge creation, through the interactions among a group of...
255363323 Putting agency and integrity to the test.  
This article examines recent claims about the necessity of integrity in agency relationships by putting agents with preferences that reflect integrity in an evolutionary competition with...
255363322 Social network and weight misperception among adolescents.  
It is recognized that public health intervention targeted toward changing lifestyle behaviors to reduce overweight status is a considerable challenge. It is important that individuals recognize...
255363321 The effect of subtracting a constant from all payoffs in a hawk-dove game: experimental evidence of loss aversion in strategic behavior.  
Economists and psychologists have documented patterns of individual decision-making behavior (e.g., loss aversion) whereby losses and gains are treated differently. However, there has been little...
249057934 Kenneth G Elzinga Distinguished Teaching Award.  
249057933 Georgescu-Roegen prize in economics.  
249057932 The results of the Southern Economic Association elections were announced at the Southern Economic Association meeting in Atlanta.  
249057931 Factor returns and circular causality.  
The presence of circular causality in a region through factor returns is studied in a general equilibrium model in which firms producing final products engage in oligopolistic competition....
249057930 Assessor incentives and property assessment.  
While typically not a formulator of policy, property assessors are likely sensitive to political incentives, since they are either directly elected to their office or appointed by another elected...
249057929 What do OECD countries cut first when faced with fiscal adjustments?  
Following the present scale of fiscal imbalances in developed countries, significant fiscal consolidation will be inevitable in the coming years. Fiscal discipline will require cuts in...
249057928 Productivity, trade, and institutional quality: a panel analysis.  
249057927 Central bank independence, wage bargaining, and labor market performance: new evidence.  
249057926 Identifying price discrimination when product menus are endogenous.  
A well-known approach to identifying second-degree price discrimination is based on examining correlations between product menus and prices. When product menus are endogenous, however, tests for...
249057925 Money and crime in a cash-in-advance model.  
A cash-in-advance model, in which holding money is risky, is constructed to study the coexistence of multiple means of payment and monetary policy implications. In steady-state equilibrium, the...
249057924 The effects of food stamps on obesity.  
Poverty has historically been associated with a decrease in food consumption. This at least partially changed in 1964 when the Food Stamp Act began guaranteeing food for those in poverty. Since...
249057923 International business alliance under asymmetric information: technology vis-a-vis information advantage.  
We study the relationship between a multinational corporation (MNC) and a domestic firm under demand uncertainty. The MNC possesses a superior production technology, but the domestic firm is...
249057922 An experimental investigation of asset pricing in segmented markets.  
This article reports the results of experimental asset markets in which participants trade two assets with distinct dividend claims. Some traders are able to transact in the markets for both...
249057921 On delays in project completion with cost reduction: an experiment.  
We examine the voluntary provision of a public project via binary contributions when contributions may be made over multiple periods. In many situations, early contributors are likely to pay a...
249057920 Flight delays and passenger preferences: an axiomatic approach.  
249057919 The new deal and modern memory.  
The "Great Recession," which began at year-end 2007, was precipitated by plunging real estate values, followed by borrower defaults and financial crisis for the public and private...
240487478 An international economics classroom experiment.  
This article describes a general equilibrium market experiment that allows students to generate goods prices, exchange rates, and trade flows by trading with each other. Instructors can set...
240487477 Repeated auctions with impatient bidders and externalities.  
This article studies collusion in repeated auctions both among patient and among impatient bidders when the outside option of the participation constraint is endogenous due to negative...
240487476 Liquidity risk and banks' asset composition: implications for monetary policy.  
Monetary growth models in which the government is a net debtor demonstrate that inflation adversely affects capital formation through the crowding out effect. Interestingly, the results are at...
240487475 FDI, trade, and product innovation: theory and evidence.  
This article investigates the relationship between foreign direct investment (FDI, including outward FDI and inward FDI), imports and exports, and product innovation. Our theoretical model...
240487474 The elasticity of taxable income during the 1990s: new estimates and sensitivity analyses.  
Over the past two decades, the elasticity of taxable income has emerged as the central parameter for assessing efficiency and revenue implications from changes to tax policy. This article...
240487473 Institutions, capital, and growth.  
The international development community has encouraged investment in physical and human capital as a precursor to economic progress. Recent evidence shows, however, that increases in capital do...
240487472 Pretrial bargaining with asymmetric information: unilateral versus bilateral payoff relevance.  
Asymmetric information is a leading explanation for settlement failure that results in a costly trial. Typically, the information in question is assumed to have bilateral payoff relevance, meaning...
240487471 Ill-defined versus precise pre-play communication in the traveler's dilemma.  
This article reports results from an experiment comparing the effects of vague versus precise pre-play communication in a highly competitive two-player game with conflicting interests. In the...
240487470 Effects of patent policy on income and consumption inequality in a R&D growth model.  
To analyze the effects of patent policy on growth and inequality, this article develops a quality-ladder model with wealth heterogeneity and elastic labor supply. The model predicts that...
240487469 Does real exchange rate volatility affect sectoral trade flows?  
This article investigates empirically the effect of real exchange rate volatility on sectoral bilateral trade flows between the United States and its top 13 trading partners. Our investigation...
240487468 Costly buyer search in a differentiated products model: an experimental study.  
This study examines whether the content of buyer information and the timing of its dissemination affects seller market power. We construct laboratory markets with differentiated goods and costly...
240487467 Moral hazard and reciprocity.  
We investigate the motives behind reciprocal behavior by making selfish acts anonymous and not common knowledge. In one treatment, subjects were assigned to the role of proposer or responder and...
240487466 Food stamp participation among adult-only households.  
Several recent changes in the Food Stamp Program have been directed toward households without children, including new work requirements for able-bodied adults without dependents (ABAWDs) and...
240487465 Editor's report.  
233711990 Engaged learning with the inquiry-based question cluster discussion technique: student outcomes in a history of economic thought course.  
Twenty-six undergraduate students explored the meaning of the classics (Adam Smith and Karl Marx) and two lesser-known contributions in ethics and economics (Robert Owen and John Ruskin) in a...
233711989 The welfare costs of market restrictions.  
In most introductory and intermediate microeconomics textbooks, the measurable welfare effects of price controls, quantitative restrictions, and market restrictions more generally, are depicted as...
233711988 R&D collaboration networks in mixed oligopoly.  
We develop a model of endogenous network formation in order to examine the incentives for R&D collaboration in a mixed oligopoly. Our analysis reveals that the complete network, where each...
233711987 An essay on human rights and the market for social contracts.  
In this article, I discuss an economic theory of human rights. Interpreting the social contract as a market good, a vector of rights that cannot be unbundled, I construct a competitive model in...
233711986 Two-way outsourcing, international migration, and wage inequality.  
This article develops a general equilibrium model with a vertical production structure to examine the relationship between offshore outsourcing and international migration, especially emphasizing...
233711985 The effect of a program-based housing move on employment: HOPE VI in Atlanta.  
We combine records of Atlanta Housing Authority (AHA) clients, Georgia Department of Labor (DOL) employment records, and neighborhood characteristics to analyze the causal effect of an exogenous...