Recently added articles from Atlantic Economic Journal:
Clarence C. Morrison: 1932-2008.(International Atlantic Economic Society )(In memoriam)
Mar 01, 2009; ... To live in hearts we leave behind, is not to die. Thomas Campbell [ILLUSTRATION OMITTED] There is a loud silence with the passing of our dear friend and colleague, Clarence C. Morrison, Professor Emeritus, Indiana University at Bloomington. We at the ...
A tribute to Clarence Morrison.(International Atlantic Economic Society )(In memoriam)
Mar 01, 2009; ... On August 6, 2008, Clarence C. Morrison (age 76) passed away. With his passing, many of us lost a trusted and honorable friend and/or mentor, the International Atlantic Economic Society (IAES) lost a past President and long-time supporter and friend, and the economics profession lost one ...
Black-white wage differentials in a multiple sample selection bias model.
Mar 01, 2009; ... Introduction In estimating the wage differentials between black and white workers, it is important to adjust for the sample selection bias in the wage equation. It has been demonstrated that most wage equations suffer from sample selection bias due to a misspecification problem ...
On indexed bonds and aggregate demand elasticity.
Mar 01, 2009; ... Introduction Inflation indexed government bonds, which were first issued by the Commonwealth of Massachusetts during the Revolutionary War, (1) have become rather popular and widely used in the industrialized world. Indeed, the United States joined 14 other countries (2) in 1997 ...
Gray marketing: does it hurt the manufacturers?
Mar 01, 2009; ... Introduction Parallel importing has attracted increasing interest in the international practice, and concern to manufacturers and retailers since the mid-1980s (Mitchell 1998; Eagle et al. 2003). In the case of Silhouette in July 1998, the European Court of Justice (ECJ) arrived ...
A short-run crude oil price forecast model with ratchet effect.
Mar 01, 2009; ... Introduction Crude oil markets have been heavily influenced by OPEC's behavior for almost 30 years. In the 1980s, OPEC changed its pricing policies to allow the marketplace to have a larger impact on price. Prices became more transparent with the accompanying evolution of spot ...
Pump prices and oil prices: a tale of two directions.
Mar 01, 2009; ... Introduction It has been argued that gasoline prices adjust more quickly to crude oil price increases than to price decreases. Empirical results supporting this contention can be found in Asplund et al. (2000), Bacon (1991), Borenstein et al. (1997), and Peltzman (2000). Several ...
The JEC revisited: did debt undermine stability?(ORIGINAL PAPER)(Joint Executive Committee)
Mar 01, 2009; ... Introduction The Joint Executive Committee (JEC) of the eastern trunk line railroads (1879-1887) is one of the most thoroughly studied cartels in the entire economic literature, because it is one of the few cartels with a large trove of data for scholars to use in testing ...
A puzzle or a choice: uniform pricing for motion pictures at the box.
Mar 01, 2009; ... Introduction Price variation over differentiated products is the profit-maximizing solution corresponding to differing price elasticities of demand. A significant exception, the uniform price across different motion pictures at the box office, has been challenging economists for ...
Incremental state higher education expenditures.(ORIGINAL PAPER)
Mar 01, 2009; ... Introduction This study analyzes various measures of state expenditures on higher education using a panel of data from 45 states for the years 1986 through 2005. (1) Results of panel stationarity tests indicate that each measure of state higher education spending is non ...
Rational inattention and choice under risk: explaining violations of expected utility through a Shannon Entropy formulation of the costs of rationality.(ORIGINAL PAPER)
Mar 01, 2009; ... Introduction The falsification of expected utility theory (EU) through experiment has led to a fruitful literature over the past 50 years in order to try to account for this discrepancy. While at its beginnings and through the 1980s, this field was primarily concerned with ...
Socioeconomic factors influencing longevity in Japan.(ANTHOLOGY)
Mar 01, 2009; ... Although there are no obvious reasons for this phenomenon, it is sometimes stated that, in Japan, after they are separated from their partners (due to death, divorce, etc), old men arc prone to dying earlier whereas women tend to live longer lives. The purpose of this paper is to examine ...
Where Lies the signaling effect of the SRP? Announcement vs. execution.(ANTHOLOGY)(Repurchase Announcements, Lies and False Signals)(sare rpurchase pogram )(Book review)
Mar 01, 2009; ... Kracher and Johnson (1997 "Repurchase Announcements, Lies and False Signals," Journal of Business Ethics, vol. 16, pp. 1677-1685) argue that companies announcing Share Repurchase Program (SRP) with no intention of repurchasing shares are guilty of either lying or sending false signals. One ...
Remorse, risk aversion and efficiency in eBay coin auctions.(ANTHOLOGY)
Mar 01, 2009; ... Internet auctions are popular. Their ease of entry, low transaction costs, and the pervasiveness of computers make these markets accessible to almost anyone and, ultimately, very competitive. Here is an intriguing laboratory for the observation of economic behavior. Collectible coins, such ...
Does team racial composition affect team performance in the NBA?(ANTHOLOGY)(National Basketball Association)
Mar 01, 2009; ... Does Team Racial Composition Affect Team Performance in the NBA? Many amateur and professional sports teams ate composed of athletes flora different racial and demographic groups. In the National Basketball Association (NBA), for example, teams ate composed of Affican-Americans, ...
Influence of the number of statewide referenda involving emotionally-charged issues on voter turnout, 2006.(Formula)(Report)
Dec 01, 2008; ... Introduction As Putnam (2000, p. 35) states, "Voting is by a substantial margin the most common form of political activity, and it embodies the most fundamental democratic principle of equality ... Moreover, like the canary in the mining pit, voting is an instructive proxy ...
Do campaign contributions and lobbying expenditures by firms create "political" capital?(Report)
Dec 01, 2008; ... Introduction In this paper we examine a simple yet important question: Are firm political contributions and lobbying a way of buying long-term influence? Specifically, our analysis examines the extent to which capital markets view campaign contributions and lobbying expenditures ...
PAC contributions from sectors of the financial services industry, 1998-2002.(Financial Services Modernization Act of 1999)(political action committees)(Statistical table)(Report)
Dec 01, 2008; ... Introduction The purpose of this paper is to examine the relationship between campaign contributions from political action committees (PACs) representing the financial services industry and membership on Congressional committees from 1998-2002. Congress considered and passed ...
Premarital birth among young Hispanic women: evidence from semiparametric competing risks analysis.(Statistical table)(Report)
Dec 01, 2008; ... Introduction The Aid to Families with Dependent Children (AFDC) program [replaced by Temporary Assistance for Needy Families (TANF)] was often blamed for increasing illegitimate births, declining marriage, and rising divorce. The main argument was, by favoring single-parent ...
Imperfect competition in German food retailing: evidence from state level data.(Industry overview)(Report)(Statistical data)
Dec 01, 2008; ... Introduction The European food retailing market is characterized by high and rising concentration and increased vertical dependency (Dobson et al. 2003). Politicians and economists have raised concerns about European food retailers' dominant position in vertical food marketing, ...