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

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Submissions from 2004

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

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

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

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

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

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

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

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Costly State Monitoring and Reserve Requirements, Rangan Gupta

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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

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

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Salvaging Historic Shipwrecks, Paul Hallwood and Thomas J. Miceli

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

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

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

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

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

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

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

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Property Law, Dean Lueck and Thomas J. Miceli

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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

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Is Menopause Optimal?, Christian Zimmermann

Submissions from 2003

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

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

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

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

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

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

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

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

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

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

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

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

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

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Some Law and Economics of Historic Shipwrecks, Paul Hallwood

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

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

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

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Characterizing Paretian Preferences, Vicki Knoblauch

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Continuous Lexicographic Preferences, Vicki Knoblauch

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Continuous Paretian Preferences, Vicki Knoblauch

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

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Countervailing Duties in the USA, Jai S. Mah

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

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

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

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

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

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

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Managing Moral Motivations, Lanse Minkler

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

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

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

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

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

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

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

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

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Evaluation of Police Patrol Patterns, Stephen Sacks

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

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

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

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

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

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

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

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

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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

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

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

Submissions from 2002

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

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

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

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

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

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

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

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

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

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

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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

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