This working paper series is a collection of pre-prints reflecting the current research by faculty and graduate students in the Department of Economics.

Submissions from 2009

Is the Median Voter Decisive? Evidence of 'Ends Against the Middle' From Referenda Voting Patterns, Eric J. Brunner and Stephen L. Ross

Guns and Books: Legitimacy, Revolt and Technological Change in the Ottoman Empire, Metin M. Cosgel, Thomas J. Miceli, and Jared Rubin

International Transfer Pricing for Goods and Intangible Asset Licenses in a Decentralized Multinational Corporation: Review and Extensions, Peter C. Dawson and Stephen M. Miller

Solving the Non-Linear Dynamic Asset Allocation Problem: Effects of Arbitrary Stochastic Processes and Unsystematic Risk on the Super Efficient Portfolio Space, Kwamie Dunbar

The Effects of Credit Risk on Dynamic Portfolio Management: A New Computational Approach, Kwamie Dunbar

"Ripple Effects" and Forecasting Home Prices in Los Angeles, Las Vegas, and Phoenix, Rangan Gupta and Stephen M. Miller

The Time-Series Properties on Housing Prices: A Case Study of the Southern California Market, Rangan Gupta and Stephen M. Miller

A New Economic Analysis of the American Revolution, Paul Hallwood and Ambyre Ponivas

Bank Capital Requirements and Capital Structure, John P. Harding, Xiaozhong Liang, and Stephen L. Ross

Deterrence and Incapacitation: Towards a Unified Theory of Criminal Punishment, Thomas J. Miceli

Free Riders, Holdouts, and Public Use: A Tale of Two Externalities, Thomas J. Miceli

Lease Defaults and the Efficient Mitigation of Damages, Thomas J. Miceli, C. F. Sirmans, and Geoffrey K. Turnbull

Submissions from 2008

Do Structural Oil-Market Shocks Affect Stock Prices?, Nicholas Apergis and Stephen M. Miller

Increasing Derivatives Market Activity in Emerging Markets and Exchange Rate Exposure, Uluc Aysun and Melanie Guldi

Bankruptcy Costs, Liability Dollarization, and Vulnerability to Sudden Stops, Uluc Aysun and Adam Honig

The Effect of Classmate Characteristics on Individual Outcomes: Evidence from the Add Health, Robert Bifulco, Jason Fletcher, and Stephen L. Ross

Preference Structure and Random Paths to Stability in Matching Markets, James W. Boudreau

Sequential Pre-Marital Investment Games: Implications for Unemployment, James W. Boudreau

Stratification and Growth in Agent-based Matching Markets, James W. Boudreau

Marriage Matching and Intercorrelation of Preferences, James W. Boudreau and Vicki Knoblauch

Voting in Kenya: Putting Ethnicity in Perspective, Michael Bratton and Mwangi S. Kimenyi

Economics and Ideology: Causal Evidence of the Impact of Economic Conditions on Support for Redistribution and Other Ballot Proposals, Eric Brunner, Stephen L. Ross, and Ebonya Washington

Is the Great Moderation Ending? UK and US Evidence, Giorgio Canarella, WenShwo Fang, Stephen M. Miller, and Stephen K. Pollard

Dynamic Stock Market Interactions between the Canadian, Mexican, and the United States Markets: The NAFTA Experience, Giorgio Canarella, Stephen M. Miller, and Stephen K. Pollard

Church and State, Metin Cosgel and Thomas Miceli

The Race to the Suburb: The Location of the Poor in a Metropolitan Area, Charles A. M. de Bartolome and Stephen L. Ross

The Impact of the FOMC's Monetary Policy Actions on the growth of Credit Risk: the Monetary Policy - Liquidity Paradox, Kwamie Dunbar

Modeling the Volatility of Real GDP Growth: The Case of Japan Revisited, WenShwo Fang and Stephen M. Miller

The Great Moderation Flattens Fat Tails: Disappearing Leptokurtosis, WenShwo Fang, Stephen M. Miller, and ChunShen Lee

Environmental Policy in Majoritarian Systems, Per G. Fredriksson, Xenia Matschke, and Jenny Minier

For Sale: Trade Policy in Majoritarian Systems, Per G. Fredriksson, Xenia Matschke, and Jenny Minier

Measuring the Progressive Realization of Human Rights Obligations: An Index of Economic and Social Rights Fulfillment, Sakiko Fukuda-Parr, Terra Lawson-Remer, and Susan Randolph

Minimizing the Price of Tranquility: How to Discourage Scotland's Secession from the United Kingdom, Paul Hallwood

A Review of the Empirical Evidence on the Effects of Fiscal Decentralization on Economic Efficiency: With Comments on Tax Devolution to Scotland, Paul Hallwood and Ronald MacDonald

International Money and Finance, Paul Hallwood and Ronald MacDonald

Is the Cheating Risk Always Higher in Online Instruction Compared to Face-to-Face Instruction?, Oskar Harmon, James Lambrinos, and Judy Buffolino

Identity, Grievances, and Economic Determinants of Voting in the 2007 Kenyan Elections, Mwangi S. Kimenyi and Roxana Gutierrez Romero

Tribalism as a Minimax-Regret Strategy: Evidence from Voting in the 2007 Kenyan Elections, Mwangi S. Kimenyi and Roxana Gutierrez Romero

The Political Economy of Constitutional Choice: A Study of the 2005 Kenyan Constitutional Referendum, Mwangi S. Kimenyi and William F. Shughart

Recognizing a Single-Issue Spatial Election, Vicki Knoblauch

Three-agent Peer Evaluation, Vicki Knoblauch

Optimal Test for Parameter Instability When the Unstable Process and the Error Distribution are Unknown, Dong Jin Lee

Antidumping as Strategic Trade Policy Under Asymmetric Information, Xenia Matschke and Anja Schottner

An Equilibrium Model of Lawmaking, Thomas J. Miceli

A Note on the Social versus Private Value of Suits when Care is Bilateral, Thomas J. Miceli

Deterrence, Incapacitation, and Repeat Offenders, Thomas J. Miceli

Legal Change and the Social Value of Lawsuits, Thomas J. Miceli

The Social versus Private Incentive to Sue, Thomas J. Miceli

A Question of Title: Property Rights and Asset Values, Thomas J. Miceli, Henry J. Munneke, C. F. Sirmans, and Geoffrey K. Turnbull

The Impact of Property Condition Disclosure Laws on Housing Prices: Evidence from an Event Study using Propensity Scores, Anupam Nanda and Stephen L. Ross

Heterodox Economics and Dissemination of Research through the Internet: the Experience of RePEc and NEP, Marco Novarese and Christian Zimmermann

Measuring Unemployment Insurance Generosity, Stephane Pallage, Lyle Scruggs, and Christian Zimmermann

Unemployment Insurance Generosity: A Trans-Atlantic Comparison, Stephane Pallage, Lyle Scruggs, and Christian Zimmermann

Predicting the Fed, Kenneth B. Petersen and Vladimir Pozdnyakov

Are Indian Firms too Small? A Nonparametric Analysis of Cost Efficiency and Industry Structure of Indian Manufacturing, Subhash C. Ray

Comparing Input- and Output-Oriented Measures of Technical Efficiency to Determine Local Returns to Scale in DEA Models, Subhash C. Ray

Input Price Variation Across Locations and a Generalized Measure of Cost Efficiency, Subhash C. Ray, Lei Chen, and Kankana Mukherjee

Innovation Processes and Industrial Districts, Paul L. Robertson, David Jacobson, and Richard N. Langlois

Understanding Racial Segregation: What is known about the Effect of Housing Discrimination, Stephen L. Ross

Low-Wage Labor Markets and the Power of Suggestion, Natalya Y. Shelkova

GMM Based Inference with Standard Stratified Samples when the Aggregate Shares are Known, Gautam Tripathi

Efficient Production of Wins in Major League Baseball, Brian Volz

Minority Status and Managerial Survival in Major League Baseball, Brian Volz

Geographic Deregulation and Commercial Bank Performance in US State Banking Markets, YongDong Zou, Stephen M. Miller, and Bernard Malamud

Submissions from 2007

Emissions Control and the Regulation of Product Markets: The Case of Automobiles, Rasha Ahmed and Kathleen Segerson

Total Factor Productivity and Monetary Policy: Evidence from Conditional Volatility, Nicholas Apergis and Stephen M. Miller

An Experimental Study of Complex-Offer Auctions: Payment Cost Minimization vs. Offer Cost Minimization, Rimvydas Baltaduonis

Simple-Offer vs. Complex-Offer Auctions in Deregulated Electricity Markets, Rimvydas Baltaduonis

Technical Efficiency in the Indian Textiles Industry: A Nonparametric Analysis of Firm-Level Data, Anup Kumar Bhandari and Subhash C. Ray

Public School Choice and Integration: Evidence from Durham, North Carolina, Robert Bifulco, Helen F. Ladd, and Stephen Ross

How Decisive Is the Decisive Voter?, Eric J. Brunner and Stephen L. Ross

Marriage Matching with Correlated Preferences, Onur B. Celik and Vicki Knoblauch

Which School Attributes Matter? The Influence of School District Performance and Demographic Composition on Property Values, John M. Clapp, Anupam Nanda, and Stephen L. Ross

Stagnation and Change in Islamic History, Metin M. Cosgel

Tax Collection in History, Metin M. Cosgel and Thomas J. Miceli

US Corporate Default Swap Valuation: The Market Liquidity Hypothesis and Autonomous Credit Risk, Kwamie Dunbar

Empirical Analysis of Credit Risk Regime Switching and Temporal Conditional Default Correlation in Credit Default Swap Valuation: The Market liquidity effect, Kwamie Dunbar and Albert J. Edwards

The Great Moderation and the Relationship between Output Growth and Its Volatility, WenSho Fang and Stephen M. Miller

Cross-Country Evidence on Output Growth Volatility: Nonstationary Variance and GARCH Models, WenShwo Fang, Stephen M. Miller, and ChunShen Lee

Quantile Inferences for Inflation and Its Variability: Does a Threshold Inflation Rate Exist?, WenShwo Fang, Stephen M. Miller, and Chih-Chuan Yeh

Cross-Nativity Marriages, Gender, and Human Capital Levels of Children, Delia Furtado

Malaria: Disease Impacts and Long-Run Income Differences, Douglas Gollin and Christian Zimmermann

An Economic Analysis of Drawing Lines in the Sea, Paul Hallwood

A Note on US Royalty Relief, Rent Sharing and Offshore Oil Production, Paul Hallwood

From Tranquility to Secession and Other Historical Sequences: A Theoretical Exposition, Paul Hallwood

Did Impending War in Europe Help Destroy the Gold Bloc in 1936? An Internal Inconsistency Hypothesis, Paul Hallwood, Ronald MacDonald, and Ian Marsh

The Optimal Capital Structure of Banks: Balancing Deposit Insurance, Capital Requirements and Tax-Advantaged Debt, John P. Harding, Xiaozhing Liang, and Stephen L. Ross

Student Performance in Traditional vs. Online Format: Evidence from an MBA Level Introductory Economics Class, Oskar R. Harmon and James Lambrinos

MBA Program Reputation And Quantitative Rankings: New Information for Students, Employers, And Program Administrators, Yongil Jeon, Stephen M. Miller, and Subhash C. Ray

Monetary Policy Under a Currency Board, Marius Jurgilas

Asset Pricing with Heterogeneous Agents, Incomplete Markets and Trading Constraints, Tsvetanka Karagyozova

Institutional Infrastructure to Support 'Super Growth' in Kenya: Governance Thresholds, Reversion Rates and Economic Development, Mwangi S. Kimenyi

The Economics of Citation, Jeong-Yoo Kim, Insik Min, and Christian Zimmermann

A Universal Formula for Continuous Utility, Vicki Knoblauch

Marriage Matching: A Conjecture of Donald Knuth, Vicki Knoblauch

Organizing the Electronic Century, Richard N. Langlois

Antidumping Duties Under Asymmetric Cost Information, Xenia Matschke and Anja Schottner

Tax Motivated Takings, Thomas J. Miceli, Kathleen Segerson, and C. F. Sirmans

Private Property, Public Use, and Just Compensation: The Economics of Eminent Domain, Thomas Miceli and Kathleen Segerson

The Optimal Response to Default: Renegotiation or Extended Maturity?, Thomas Miceli and C. F. Sirmans

Cost Improvements, Returns to Scale, and Cost Inefficiencies for Real Estate Investment Trusts, Stephen M. Miller and Thomas M. Springer

Integrity and Agreement: Economics When Principles Also Matter, Lanse Minkler

Does the Federal Reserve Follow a Non-Linear Taylor Rule?, Kenneth Petersen

Efficiency in Managing the Environment and the Opportunity Cost of Pollution Abatement, Subhash C. Ray and Kankana Mukherjee

Efficiency Bounds for Estimating Linear Functionals of Nonparametric Regression Models with Endogenous Regressors, Thomas A. Severini and Gautam Tripathi

Auctions with a Buy Price: The Case of Reference-Dependent Preferences, Nicholas Shunda

Moment Based Inference with Stratified Data, Gautam Tripathi

A General Schema for Optimal Monetary Policymaking: Objectives and Rules, Huiping Yuan and Stephen M. Miller

Academic Rankings with RePEc, Christian Zimmermann

Submissions from 2006

Monetary Policy, Exchange Rate Overshooting, and Endogenous Physical Capital, Habib Ahmed, C. Paul Hallwood, and Stephen M. Miller

Collective Voluntary Agreements and the Production of Less Polluting Products, Rasha Ahmed and Segerson Kathleen

Automatic Stabilizer Feature of Fixed Exchange Rate Regimes in Emerging Markets, Uluc Aysun

Determinants and Effects of Maturity Mismatches in Emerging Markets: Evidence from Bank Level Data, Uluc Aysun

Testing for Balance Sheet Effects in Emerging Market Countries, Uluc Aysun

An Economic Theory of Mortgage Redemption Laws, Matthew J. Baker, Thomas J. Miceli, and C. F. Sirmans

Efficiency in Deregulated Electricity Markets: Offer Cost Minimization vs. Payment Cost Minimization Auction, Rimvydas Baltaduonis

Identifying Individual and Group Effects in the Presence of Sorting: A Neighborhood Effects Application, Patrick Bayer and Stephen L. Ross

Tiebout Choice and the Voucher, Eric J. Brunner and Jennifer Imazeki

Universal Vouchers and White Flight, Eric J. Brunner, Jennifer Imazeki, and Stephen L. Ross

California's School Finance Reform: An Experiment in Fiscal Federalism, Eric J. Brunner and Jon Sonstelie

The Walsh Contracts for Central Bankers Are Optimal After All!, Georgios E. Chortareas and Stephen M. Miller

Human Capital and Interethnic Marriage Decisions, Delia Furtado

Do Proctored Exams Matter In Online Classes?, Oskar R. Harmon and James Lambrinos

Online Format vs. Live Mode of Instruction: Do Human Capital Differences or Differences in Returns to Human Capital Explain the Differences in Outcomes?, Oskar R. Harmon and James Lambrinos

Interbank Markets under Currency Boards, Marius Jurgilas

Is There Propitious Selection in Insurance Markets?, Tsvetanka Karagoyozova and Peter Siegelman

Economic Reforms and Pro-Poor Growth: Lessons for Africa and other Developing Regions and Economies in Transition, Mwangi S. Kimenyi

The Demand for Power Diffusion: A Case Study of the 2005 Constitutional Referendum Voting in Kenya, Mwangi S. Kimenyi

Costly Revenue-Raising and the Case for Favoring Import-Competing Industries, Xenia Matschke

Do Labor Market Imperfections Increase Trade Protection? A Theoretical Investigation, Xenia Matschke

Criminal Solicitation, Entrapment, and the Enforcement of Law, Thomas J. Miceli

On Negligence Rules and Self-Selection, Thomas J. Miceli

Is the Compensation Model for Real Estate Brokers Obsolete?, Thomas J. Miceli, Katherine A. Pancak, and C. F. Sirmans

A Bargaining Model of Holdouts and Takings, Thomas J. Miceli and Kathleen Segerson

Property Condition Disclosure Law: Does 'Seller Tell All' Matter in Property Values?, Anupam Nanda

Property Condition Disclosure Law: Why Did States Mandate 'Seller Tell All'?, Anupam Nanda

Are Shirking and Leisure Substitutable? An Empirical Test of Efficiency Wages Based on Urban Economic Theory, Stephen L. Ross and Yves Zenou

Corruption and Growth Under Weak Identification, Philip Shaw, Marina-Selini Katsaiti, and Marius Jurgilas

The Making of Optimal and Consistent Policy: An Implementation Theory Framework for Monetary Policy, Huiping Yuan and Stephen M. Miller

The Making of Optimal and Consistent Policy: An Analytical Framework for Monetary Models, Huiping Yuan, Stephen M. Miller, and Langnan Chen

Submissions from 2005

Consumption asymmetry and the stock market: New evidence through a threshold adjustment model, Nicholas Apergis and Stephen M. Miller

Inflation Targeting and Output Growth: Evidence from Aggregate European Data, Nicholas Apergis, Stephen M. Miller, Alexandros Panethimitakis, and Athanassios Vamvakidis

Conversations between Anthropologists and Economists, Metin Cosgel

The Socioeconomics of Consumption: Solutions to the Problems of Interest, Knowledge, and Identity, Metin Cosgel

Last Hired, First Fired? Black-White Unemployment and the Business Cycle, Kenneth A. Couch and Robert Fairlie

Labor-Use Efficiency in Indian Banking: A Branch Level Analysis, Abhiman Das, Subhash C. Ray, and Ashok Nag

Endogenous Growth in the Presence of Informal Credit Markets: A Comparative Analysis Between Credit Rationing and Self-Revelation Regimes, Basab Dasgupta

Liquidity Constraint and Child Labor In India: Is Market Really Incapable Of Eradicating It From Wage-Labor Households?, Basab Dasgupta

Optimally Combining Censored and Uncensored Datasets, Paul J. Devereux and Gautam Tripathi

Isotone Recursive Methods for Overlapping Generation Models with Stochastic Nonclassical Production, Jaime Erikson, Olivier F. Morand, and Kevin L. Reffett

Does Exchange Rate Risk Affect Exports Asymmetrically? Asian Evidence, WenShwo Fang, YiHao Lai, and Stephen M. Miller

Export Promotion through Exchange Rate Policy: Exchange Rate Depreciation or Stabilization?, WenShwo Fang, YiHao Lai, and Stephen M. Miller

Determinants of Poverty in Kenya: A Household Level Analysis, Alemayehu Geda, Niek de Jong, Mwangi S. Kimenyi, and Germano Mwabu

The Aggregate Demand for Private Health Insurance Coverage in the U.S., Carmelo Giaccotto, Rexford E. Santerre, and Francis W. Ahking

A Generic Model of Financial Repression, Rangan Gupta

Asymmetric Information, Tax Evasion and Alternative Instruments of Government Revenue, Rangan Gupta

Financial Liberalization and Inflationary Dynamics, Rangan Gupta

Financial Liberalization and Inflationary Dynamics: An Open Economy Analysis, Rangan Gupta

Financial Liberalization and Inflationary Dynamics in the Context of a Small Open Economy, Rangan Gupta

Policy Response of Endogenous Tax Evasion, Rangan Gupta

A Simple Model of Credit Rationing with Information Externalities, Akm Rezaul Hossain

An 'Ideal' Decomposition of Industry Dynamics: An Application to the Nationwide and State Level U.S. Banking Industry, Yongil Jeon and Stephen M. Miller

Bank Performance: Market Power or Efficient Structure?, Yongil Jeon and Stephen M. Miller

Has Deregulation Affected Births, Deaths, and Marriages in the U.S. Commercial Banking Industry?, Yongil Jeon and Stephen M. Miller

Economic Rights, Human Development Effort and Institutions, Mwangi S. Kimenyi

Efficiency and Efficacy of Kenya's Constituency Development Fund: Theory and Evidence, Mwangi S. Kimenyi

Policy Advice during a Crisis, Mwangi S. Kimenyi and Germano Mwabu

Finite Characterizations and Paretian Preferences, Vicki Knoblauch

The Economics of Open Bibliographic Data Provision, Thomas Krichel and Christian Zimmermann

The Secret Life of Mundane Transaction Costs, Richard N. Langlois

The Entrepreneurial Theory of the Firm and the Theory of the Entrepreneurial Firm, Richard N. Langlois

Criminal Solicitation, Entrapment, and the Enforcement of Law, Thomas J. Miceli

Minimum Quality Standards in Baseball and the Paradoxical Disappearance of the .400 Hitter, Thomas J. Miceli

An Economic Model of Fair Use, Thomas J. Miceli and Richard P. Adelstein

Equity Markets, the Money Market, and Long-Run Monetary Neutrality, Stephen M. Miller

Economies of Scale and Cost Efficiencies: A Panel-Data Stochastic-Frontier Analysis of Real Estate Investment Trusts, Stephen M. Miller, Terrence M. Clauretie, and Thomas M. Springer

Consistent Targets and Optimal Monetary Policy: A Note, Stephen M. Miller and Huiping Yuan

Stationary Markovian Equilibrium in Overlapping Generation Models with Stochastic Nonclassical Production, Olivier F. Morand and Kevin L. Reffett

Measuring Potential Output and Output Gap and Macroeconomic Policy: The Case of Kenya, Angelica E. Njuguna, Stephen N. Karingi, and Mwangi S. Kimenyi

Input Aggregation in Models of Data Envelopment Analysis: A Statistical Test with an Application to Indian Manufacturing, Subhash C. Ray

Shadow Profit Maximization and a Generalized Measure of Inefficiency, Subhash C. Ray

Direct and Indirect Measures of Capacity Utilization: A Nonparametric Analysis of U.S. Manufacturing, Subhash C. Ray, Kankana Mukherjee, and Yanna Wu

The Continuing Practice and Impact of Discrimination, Stephen L. Ross

Fair Housing Enforcement and Changes in Discrimination between 1989 and 2000: An Exploratory Study, Stephen L. Ross and George C. Galster

Mortgage Lending in Chicago and Los Angeles: A Paired Testing Study of the Pre-Application Process, Stephen L. Ross, Margery Austin Turner, Erin Godfrey, and Robin R. Smith

Some Identification Issues in Nonparametric Linear Models with Endogenous Regressors, Thomas A. Severini and Gautam Tripathi

A Model of Rights, Nicholas Shunda

Strategic Behavior in Day-Ahead and Real-Time Markets for Electricity: Offer Cost or Payment Cost Minimization?, Nicholas Shunda

Technological Characteristics and R&D Alliance Form: Evidence from the U.S. Biotechnology Industry, Xia Wang

Technical Efficiency and Stock Market Reaction to Horizontal Mergers, Yanna Wu and Subhash C. Ray

Submissions from 2004

Non-Parametric Tests of Real Exchange rates in the Post-Bretton Woods Era, Francis W. Ahking

The Power of the "Objective" Bayesian Unit-Root Test, Francis W. Ahking

Consumption Asymmetry and the Stock Market: Empirical Evidence, Nicholas Apergis and Stephen M. Miller

Consumption Asymmetry and the Stock Market: Further Evidence, Nicholas Apergis and Stephen M. Miller

An Economic Theory of Mortgage Redemption Laws, Matthew J. Baker, Thomas J. Miceli, and C. F. Sirmans

Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes, Patrick Bayer, Stephen L. Ross, and Giorgio Topa

Income Inequality in the 1990s: Re-Forging a Lost Relationship?, Richard V. Burkhauser, Kenneth A. Couch, Andrew Houtenville, and Ludmila Rovba

Agricultural Productivity in the Early Ottoman Empire, Metin M. Cosgel

Efficiency and Continuity in Public Finance: The Ottoman System of Taxation, Metin M. Cosgel

Taxes, Efficiency, and Redistribution: Discriminatory Taxation of Villages in Ottoman Palestine, Southern Syria and Transjordan in the Sixteenth Century, metin M. Cosgel

The Improving Relative Status of Black Men, Kenneth A. Couch and Mary C. Daly

Liberalization, Ownership, and Efficiency in Indian Banking: A Nonparametric Approach, Abhiman Das, Ashok Nag, and Subhash C. Ray

Capital Accumulation in the Presence of Informal Credit Contracts: Does the Incentive Mechanism Work Better than Credit Rationing Under Asymmetric Information?, Basab Dasgupta

Corporate Tax Avoidance and High Powered Incentives, Mihir A. Desai and Dhammika Dharmapala

A Bootstrap-Regression Procedure to Capture Unit Specific Effects in Data Envelopment Analysis, Evangelia Desli and Subhash Ray

Exchange rate depreciation and exports: The case of Singapore revisited, WenShwo Fang and Stephen M. Miller

Wage Premia in Employment Clusters: Agglomeration Economies or Worker Heterogeneity?, Shihe Fu and Stephen L. Ross

Costly State Monitoring and Reserve Requirements, Rangan Gupta

An Assessment of the Case for Monetary Union or Official Dollarization in Argentina, Brazil, Chile, Uruguay and Venezuela, Paul Hallwood, Ian W. Marsh, and Jörg Scheibe

Murky Waters: The Law and Economics of Salvaging Historic Shipwrecks, Paul Hallwood and Thomas J. Miceli

Salvaging Historic Shipwrecks, Paul Hallwood and Thomas J. Miceli

The Past, Present and Future of Community Reinvestment Act (CRA): A Historical Perspective, Akm Rezaul Hossain

The Value of Waiting: Foreign Direct Investment with Uncertainty and Imperfect Local Knowledge, Yongil Jeon, Taekwon Kim, and Stephen M. Miller

Foreign and Domestic Bank Performances: An Ideal Decomposition of Industry Dynamics, Yongil Jeon and Stephen M. Miller

The Geographic Distribution of the Size and Timing of Monetary Policy Actions, Yongil Jeon and Stephen M. Miller

Can a Newly Proposed Mechanism for Allocating Contracts in U.S. Electricity Wholesale Markets Lead to Lower Prices? A Game Theoretic Analysis, Vicki Knoblauch

Competition through Institutional Form: the Case of Cluster Tool Standards, Richard N. Langlois

Explaining Economic Growth: Factor Accumulation, Total Factor Productivity Growth, and Production Efficiency Improvement, Yasmina Reem Limam and Stephen M. Miller

Property Law, Dean Lueck and Thomas J. Miceli

The Economic Case for Fiscal Federalism in Scotland, Ronald MacDonald and Paul Hallwood

Human Capital Externalities and Private Returns to Education in Kenya, Damiano Kulundu Manda, Germano Mwabu, and Mwangi S. Kimenyi

Do Labor Issues Matter in the Determination of U.S. Trade Policy? An Empirical Reevaluation, Xenia Matschke and Shane M. Sherlund

Legal Change: Integrating Selective Litigation, Judicial Preferences, and Precedent, Thomas J. Miceli

Sentencing Guidelines, Judicial Discretion, And Social Values, Thomas J. Miceli

A Simple Theory of Increasing Penalties for Repeat Offenders, Thomas J. Miceli and Catherine Bucci

A Tort for Risk and Endogenous Bankruptcy, Thomas J. Miceli and Kathleen Segerson

Do Exposure Suits Produce a 'Race to File'? An Economic Analysis of a Tort for Risk, Thomas J. Miceli and Kathleen Segerson

Do Exposure Suits Produce a "Race to File"? An Economic Analysis of a Tort for Risk, Thomas J. Miceli and Kathleen Segerson

Punishing the Innocent along with the Guilty: The Economics of Individual versus Group Punishment, Thomas J. Miceli and Kathleen Segerson

The Holdout Problem and Urban Sprawl, Thomas J. Miceli and C. F. Sirmans

Religious Identity and Consumption, Lanse Minkler and Metin M. Cosgel

Productivity Growth and Efficiency in Indian Banking: A Comparison of Public, Private, and Foreign Banks, T.T. Ram Mohan and Subhash C. Ray

Technical Efficiency and Its Dynamics in Indian Manufacturing: An Inter-State Analysis, Kankana Mukherjee and Subhash Ray

On Voters' Attitudes Towards Unemployment Insurance Subsidies across Regions: A Canadian Simulation, Stephane Pallage and Christian Zimmermann

A Simple Statistical Test of Violation of the Weak Axiom of Cost Minimization, Subhash Ray

The Directional Distance Function and Measurement of Super-Efficiency: An Application to Airlines Data, Subhash Ray

Are Some Indian Bank Too Large? A Examination of Size Efficiency in Indian Banking, Subhash C. Ray

Achieving Universal Primary Education: Can Kenya Afford it?, Rob Vos, Arjun Bedi, Paul K. Kimalu, Damiano K. Manda, Nancy N. Nafula, and Mwangi S. Kimenyi

Is Menopause Optimal?, Christian Zimmermann

Submissions from 2003

Macroeconomic Rationality and Lucas' Misperceptions Model: Further Evidence from Forty-One Countries, Nicholas Aspergis and Stephen M. Miller

The Real Exchange Rate in Small Open Developed Economies: Evidence from Cointegration Analysis, Debabrata Bagchi, Georgios E. Chortareas, and Stephen M. Miller

Credible Criminal Enforcement, Matthew J. Baker and Thomas J. Miceli

Intergenerational Conflict and the Political Economy of School Spending, Ed Baldson and Eric Brunner

Risk, Transaction Costs, and Tax Assignment: Government Finance in the Ottoman Empire, Metin M. Cosgel and Thomas J. Miceli

Job Matching and Wage Growth in the U.S. and Germany, Kenneth A. Counch

Equilibria with Local Governments and Commuting: Income Sorting vs. Income Mixing, Charles A. M. de Bartolome and Stephen L. Ross

A Median Voter Theorem for Postelection Politics, Dhammika Dharmapala and Etienne Lehmann

Words that Kill? Economic Perspectives on Hate Speech and Hate Crimes, Dhammika Dharmapala and Richard H. McAdams

Search, Seizure and (False?) Arrest: An Analysis of Fourth Amendment Remedies when Police can Plant Evidence, Dhammika Dharmapala and Thomas J. Miceli

Racial Bias in Motor Vehicle Searches: Additional Theory and Evidence, Dhammika Dharmapala and Stephen L. Ross

Exchange Market Pressure on the Pound-Dollar Exchange Rate: 1925-1931, C. Paul Hallwood and Ian W. Marsh

Contractual Difficulties in Environmental Management and the Protection of Biodiversity: The Case of Conservation and Mitigation Banking, Paul Hallwood

Some Law and Economics of Historic Shipwrecks, Paul Hallwood

Sustaining the Economic Rent of Oceanic Resources: The Case of Marine Protected Areas, Paul Hallwood

MBA Program Reputation: Objective Rankings for Students, Employers and Program Administrators, Yongil Jeon, Stephen M. Miller, and Subhash C. Ray

Ethnicity, Governance and the Provision of Public Goods, Mwangi S. Kimenyi

Characterizing Paretian Preferences, Vicki Knoblauch

Continuous Lexicographic Preferences, Vicki Knoblauch

Continuous Paretian Preferences, Vicki Knoblauch

Chandler in a Larger Frame: Markets, Transaction Costs, and Organizational Form in History, Richard N. Langlois

Countervailing Duties in the USA, Jai S. Mah

The Export Insurance System and Export Supply of Britain, Jai S. Mah

The Restructuring in the Post-Crisis Korean Economy, Jai S. Mah

A Principal-Agent Model of Contracting in Major League Baseball, Thomas J. Miceli

Varying Injurer Costs of Care, Negligence, and Self-Selection, Thomas J. Miceli

An Economic Model of Fair Use, Thomas J. Miceli and Richard P. Adelstein

Time-Limited Property Rights and Investment Incentives, Thomas J. Miceli and C. F. Sirmans

Managing Moral Motivations, Lanse Minkler

Technical Efficiency in Public and Private Sectors in India: Evidence from the Post-Reform Years, T. T. Ram Mohan and Subhash C. Ray

Measuring Scale Efficiency from the Translog Multi-Input, Multi-Output Distance Function, Subhash C. Ray

Surplus Labor in Indian Manufacturing: Evidence from the Annual Survey of Industries, Subhash C. Ray and Anasua Bhattacharya

Reputation and Efficiency: A Nonparametric Assessment of America's Top-Rated MBA Programs, Subhash C. Ray and Yongil Jeon

Does the Presence of Surplus Labor Hinder Production in Indian Manufacturing?, Subhash C. Ray and Kankana Mukherjee

Segregation and Racial Preferences: New Theoretical and Empirical Approaches, Stephen L. Ross

What Is Known about Testing for Discrimination: Lessons Learned by Comparing across Different Markets, Stephen L. Ross

Shirking, Commuting and Labor Market Outcomes, Stephen L. Ross and Yves Zenou

Evaluation of Police Patrol Patterns, Stephen Sacks

Nonpoint Pollution Control: Inducing First-best Outcomes through the Use of Threats, Kathleen Segerson and JunJie Wu

Regional Integration and Industrial Location in a Landlocked Spatial Economy, Hemanta Shrestha and Dennis Heffley

Embodied Technology and Monetary Shocks; Lumps, Bumps, and Humps, John D. Stiver

Endogenous Financing and the Long Run Impact of Money Growth on Output and Prices, John D. Stiver

Expectations, and Credibility in a Model of Monetary Policy, John D. Stiver

Technology Creation, Diffusion, and Growth Cycles, John D. Stiver

Technology, Investment, and Economic Fluctuations, John D. Stiver

Discrimination in Metropolitan Housing Markets Phase II: Asians and Pacific Islanders, Margery A. Turner and Stephen L. Ross

Other Things Being Equal: A Paired Testing Study of Discrimination in Mortgage Lending, Margery Austin Turner, Erin Godfrey, Stephen L. Ross, and Robin R. Smith

Discrimination in Metropolitan Housing Markets: Phase 3 - Native Americans, Margery Austin Turner and Stephen L. Ross

Housing Discrimination in Metropolitan America: Findings from the Latest National Paired Testing Study, Margery Austin Turner and Stephen L. Ross

Submissions from 2002

Efficient Unit Root Tests of real Exchange Rates in the Post-Bretton Woods Era, Francis W. Ahking

Is the Bayesian Approach Necessarily Better than the Classical Approach in Unit-Root Test?, Francis W. Ahking

On Modeling and Controlling the Effects of Variable Labor Effort: A Theoretical Explanation of the Truck System, William Alpert and John Stiver

Land Inheritance Rules: Theory and Cross-Cultural Analysis, Matthew Baker and Thomas J. Miceli

The Old Ball Game: Organization of Nineteenth Century Professional Base Ball Clubs, Matthew Baker, Thomas J. Miceli, and William J. Ryczek

Performance Evaluation of the New Connecticut Leading Employment Index Using Lead Profiles and BVAR Models, Anirvan Banerji, Pami Dua, and Stephen M. Miller

Central Banker Contracts, Incomplete Information, and Monetary Policy Surprises: In Search of a Selfish Central Banker?, Georgios E. Chortareas and Stephen M. Miller

Schools and Housing Markets: An Examination of School Segregation and Performance in Connecticut, John M. Clapp and Stephen L. Ross

Ottoman Tax Registers (Tahrir Defterleri), Metin M. Cosgel

Rationality, Integrity, and Religious Behavior, Metin M. Cosgel and Lanse Minkler

Who's in Charge in the Inner City? The Conflict Between Efficiency and Equity in the Design of a Metropolitan Area, Charles A. M. de Bartolome and Stephen L. Ross

Racial Differences in Homeownership: The Effect of Residential Location, Yongheng Deng, Stephen L. Ross, and Susan M. Wachter

A Dynamic Stochastic Frontier Production Model with Time-Varying Efficiency, Evangelia Desli, Subhash C. Ray, and Subal C. Kumbhakar

Legislative Bargaining and Incremental Budgeting, Dhammika Dharmapala

The Congressional Budget Process and the Aggregate Level of Spending, Dhammika Dharmapala

Penalty Enhancement for Hate Crimes: An Economic Analysis, Dhammika Dharmapala and Nuno Garoupa

Bilateral Accidents with Intrinsically Interdependent Costs of Precaution, Dhammika Dharmapala and Sandra A. Hoffmann

Currency Depreciation and Korean Stock Market Performance during the Asian Financial Crisis, WenShwo Fang and Stephen M. Miller

Dynamic Effects of Currency Depreciation on Stock Market Returns during the Asian Financial Crisis, WenShwo Fang and Stephen M. Miller

Should Tort Damages Be Multiplied?, Keith N. Hylton and Thomas J. Miceli

An 'Ideal' Deconposition of Industry Dynamics: An Application to the Nationwide and State Level U.S. Banking Industry, Yongil Jeon and Stephen M. Miller

Bank Concentration and Performance, Yongil Jeon and Stephen M. Miller

Explaining U.S. Commercial Bank Births, Deaths, and Marriages, Yongil Jeon and Stephen M. Miller

Foreign and Domestic Bank Performances: An Ideal Decomposition of Industry Dynamics, Yongil Jeon and Stephen M. Miller

Has Deregulation Affected Births, Deaths, and Marriages in the U.S. Commercial Banking Industry?, Yongil Jeon and Stephen M. Miller

The Effect of the Asian Financial Crisis on the Performance of Korean Nationwide Banks, Yongil Jeon and Stephen M. Miller

The Performance of Domestic and Foreign Banks: The Case of Korea and the Asian Financial Crisis, Yongil Jeon and Stephen M. Miller

A Comparison of Two-Market Bertrand Duopoly and Two-Market Cournot Duopoly, Vicki Knoblauch

Cognitive Comparative Advantage and the Organization of Work: Lessons from Herbert Simon's Vision of the Future, Richard N. Langlois

Schumpeter and the Obsolescence of the Entrepreneur, Richard N. Langlois

The Vanishing Hand: the Changing Dynamics of Industrial Capitalism, Richard N. Langlois

A Note on Optimal Care by Wealth-Constrained Injurers, Thomas J. Miceli and Kathleen Segerson

Should Victims of Exposure to a Toxic Substance Have an Independent Claim for Medical Monitoring?, Thomas J. Miceli and Kathleen Segerson

Total Factor Productivity, Human Capital and Outward Orientation: Differences by Stage of Ddevelopment and Geographic Regions, Stephen M. Miller and Mukti P. Upadhyay

Shirking and Motivation in Firms: Survey Evidence on Worker Attitudes, Lanse P. Minkler

Lying, Integrity, and Cooperation, Lanse P. Minkler and Thomas J. Miceli

Economic Growth, Longevity, and the Epidemiological Transition, Olivier F. Morand

On the Existence and Characterization of Markovian Equilibrium in Models with Simple Non-Paternalistic Altruism, Olivier F. Morand and Kevin L. Reffett

Now You See it, Now You Don't: Why Do Real Estate Agents Withhold Available Houses from Black Customers?, Jan Ondrich, Stephen Ross, and John Yinger

Nonparametric Measures of Capacity Utilization: A Dual Approach, Subhash C. Ray

Discrimination in Metropolitan Housing Markets: National Results from Phase 1 of the Housing Discrimination Study (HDS), Margery A. Turner, Stephen L. Ross, George C. Galster, and John Yinger

Submissions from 2001

Monotone Methods for Distorted Economies, Manjira Datta, Leonard Mirman, Olivier F. Morand, and Kevin Reffett

Official Dollarization in Latin America: Could it Work?, Paul Hallwood, Ian W. Marsh, and Jorg Scheibe

Deregulation and Structural Change in the U.S. Commercial Banking Industry, Yongil Jeon and Stephen M. Miller

Is Altruism Feasible? Interdependent Preferences Provide the Answer, Vicki Knoblauch

Existence and Uniqueness of Equilibrium in Nonoptimal Unbounded Infinite Horizon Economies, Olivier F. Morand and Kevin L. Reffett

Technical Efficiency of State Owned Enterprises in China (1980-1989): An Assessment of the Economic Reforms, Subhash C. Ray and Zhang Ping

Submissions from 2000

Monetary Policy Delegation, Contract Costs, and Contract Targets, Georgios E. Chortareas and Stephen M. Miller

Optimal Central Banker Contracts and Common Agency, Georgios E. Chortareas and Stephen M. Miller

Transfer Pricing in the Decentralized Multinational Corporation, Peter C. Dawson and Stephen M. Miller

Knowledge, Consumption, and Endogenous Growth, Richard N. Langlois

Redlining, the Community Reinvestment Act, and Private Mortgage Insurance, Stephen M. Miller and Geoffrey M.B. Tootell

The Long-Run Relationship between Money, Nominal GDP, and the Price Level in Venezuela: 1950 to 1996, Victor Olivo and Stephen M. Miller

Submissions from 1999

A Model of Endogenous Union Density and Membership, Habib Ahmed and Stephen M. Miller

Crowding-Out and Crowding-In Effects of the Components of Government Expenditure, Habib Ahmed and Stephen M. Miller

The Level of Development and the Determinants of Productivity Growth, Habib Ahmed and Stephen M. Miller

Modularity in Technology, Organization, and Society, Richard N. Langlois

Technological Standards, Innovation, and Essential Facilities: Toward a Schumpeterian Post-Chicago Approach, Richard N. Langlois

Strategy and Circumstance: the Response of American Firms to Japanese Competition in Semiconductors, 1980-1995, Richard N. Langlois and W. Edward Steinmueller

The Relationship between Large Fiscal Adjustments and Short-Term Output Growth Under Alternative Fiscal Policy Regimes, Stephen M. Miller and Frank S. Russek

Submissions from 1998

The Perception of Government Bonds and Money as Net Wealth: An Integrated Approach, Alpha C. Chiang and Stephen M. Miller

On Job Rotation, Metin M. Cosgel and Thomas J. Miceli

Organization Change and Vinification Cooperatives in France's Midi, Trevor C. Knox

Competition and the Legal Environment: Intellectual Property Rights in the Early American Film Industry, Harold Scott Wallace

Submissions from 1997

Monetary Policy in a Portfolio Balance Model with Endogenous Physical Capital, Habib Ahmed, Paul C. Hallwood, and Stephen M. Miller

Productivity of a Commune: The Shakers, 1850-80, Metin M. Cosgel and John E. Murray

The Economics of Incentive-Based Health Care Plans, Dennis Heffley and Thomas J. Miceli

The Effects of Trade Orientation and Human Capital on Total Factor Productivity, Stephen M. Miller and Mukti P. Upadhyay

The Problem with Utility: Towards a Non-Consequentialist / Utility Theory Synthesis, Alanson P. Minkler

Preferences, cooperation, and Institutions, Alanson P. Minkler and Thomas J. Miceli

Productivity and Market Integration in American Communal Dairying, 1830-1875, John E. Murray and Metin M. Cosgel

Regional Specialization in Communal Agriculture: The Shakers, 1850- 1880, John E. Murray and Metin M. Cosgel

Responding to Price Signals in Communal Agriculture: Shaker Hog Production, 1788-1850, John E. Murray and Metin M. Cosgel

Submissions from 1996

Monetary and Exchange Rate Policy in Multisectorial Economies, Habib Ahmed and Stephen M. Miller

Fundamental Determinants of Mexico's Exchange-Rate Crisis of 1994, Polly R. Allen

Using Leading Indicators to Forecast US Home Sales in a Bayesian VAR Framework, Pami Dua, Stephen M. Miller, and David J. Smyth

Schumpeter and Personal Capitalism, Richard N. Langlois

The Coevolution of Technology and Organization in the Transition to the Factory System, Richard N. Langlois

The Organization of Consumption, Richard N. Langlois and Metin M. Cosgel

Capabilities and Governance the Rebirth of Production in the Theory of Economic Organization, Richard N. Langlois and Nicolai J. Foss

Cognition, Redundancy, and Learning in Organizations, Richard N. Langlois and Pierre Garrouste

Stop Crying over Spilt Knowledge: A Critical Look at the Theory of Spillovers and Technical Change, Richard N. Langlois and Paul L. Robertson

Teaching Time Preference and Human Impatience: The Billionaire Game, Stephen M. Miller

A Brief History of Affordable Housing Cooperatives in the United States, Gerald Sazama

Submissions from 1995

Forecasting and Analyzing Economic Activity with Coincident and Leading Indexes: The Case of Connecticut, Pami Dua and Stephen M. Miller

Transaction Costs, Production Costs, and the Passage of Time, Richard N. Langlois

Explaining Recent Connecticut Bank Failures, Stephen M. Miller

Knowledge and Meliorism in the Evolutionary Theory of F. A. Hayek, Mufil Sabooglu and Richard N. Langlois

An Evaluation of Limited Equity Housing Cooperatives in the United States, Gerald Sazama and Roger Willcox

Submissions from 1994

Bursting Boilers and the Federal Power Redux: The Evolution of Safety on the Western Rivers, Richard N. Langlois, David J. Denault, and Samson M. Kimenyi