Now showing items 31-40 of 254
A Cross-Country Comparison of Seasonal Cycles and Business Cycles
(1988-11)
This paper conducts a cross country analysis of the seasonal cycles in aggregate economic activity, and it compares the cross country variation in the properties of seasonal cycles to the cross country variation in the ...
Why Are Buyers Represented by Seller's Agents When Buying a House?
(1987-12)
Our purpose is to provide an explanation for the existence of such contracts because this contract is uniformly used in the United States, Canada and Japan and has been for quite some time. At the same tie, an institution ...
On Settling Many Suits
(1983-04)
A simple model is used to draw the following conclusions: the incentives for the defendant to settle are less in the many plaintiff game than in the single plaintiff game. In other words, there are suits that the defendant ...
A Fresh Look at the Rotten Kid Theorem --- and Other Household Mysteries
(1987-01-08)
Gary Becker's "Rotten Kid theorem" asserts that if all family members receive gifts of money income from a benevolent household member, then even if the household head does not precommit to an incentive plan for family ...
A Benefit-Cost Analysis of Measles Vaccinations in Yaounde, Cameroon
(1981-11)
This paper discusses the issues involved in application of benefit-cost analysis to health programs and suggests some new approaches to them. The method developed is applied to the case of measles vaccinations given in ...
A Test for Efficiency in the Supply of Public Education
(1987-12-12)
This paper devises and applies a statistical test for efficient provision of local public education. The test is based on the "Samuelson condition" of equality between the sum of marginal rates of substitution and marginal ...
Pacman Refutes the Coase Conjecture: Durable-Goods Monopoly with Discrete Demand
(1988-01)
We analyze a dynamic game between consumers with unit demands and the sole seller of a durable good. Unlike previous analyses, we assume there exists a finite collection of buyers rather than a continuum. We show that ...
GATT Negotiations on Services : Analytical Issues and Data Needs
(1986-10-20)
Largely as a result of U.S. initiative, services have been given a prominent place on the international policy agenda. This was demonstrated in September 1986 in Punta del Este by the resolution of the GATT member countries ...
Systems of Benevolent Utility Interdependence
(1987-05-19)
This paper concerns the logic of benevolently related utility functions. A paradox of 'superbenevolence' is examined and defanged. For a finite set of benevolent consumers, the theory of cominant diagnoal matrices is ...
Benoit Revisited: Defense Spending and Economic Growth in LDCs
(1987-06)
In the early 1970s, Emile Benoit shocked development economists by presenting positive cross-country correlations between military expenditures and economic growth rates in less developed countries. Skeptics have abounded, ...