Recently added articles from Contemporary Economic Policy:
DAMS, DAM REMOVAL, AND RIVER RESTORATION: A HEDONIC PROPERTY VALUE ANALYSIS
Apr 01, 2008; Lewis, Lynne Y; Bohlen, Curtis; Wilson, Sarah ... This article presents the results of a hedonic property value analysis for multiple hydropower sites along the Kennebec River in Maine, including the former site of the Edwards Dam in Augusta, Maine. The effect of the removal of the Edwards Dam on the Kennebec River in Maine is examined through ...
DOES SMALL DAM REMOVAL AFFECT LOCAL PROPERTY VALUES? AN EMPIRICAL ANALYSIS
Apr 01, 2008; Provencher, Bill; Sarakinos, Helen; Meyer, Tanya ... This paper uses hedonic analysis to examine the impact of small dam removal on property values in south-central Wisconsin. Data on residential property sales were obtained for three categories of sites: those where a small dam remains intact, those where a small dam was removed, and those where ...
MAY ISSUE VERSUS SHALL ISSUE: EXPLAINING THE PATTERN OF CONCEALED-CARRY HANDGUN LAWS, 1960-2001
Apr 01, 2008; Grossman, Richard S; Lee, Stephen A ... We analyze the timing and pattern of adoption of "shall issue" concealed-carry handgun laws. "Shall issue" laws require the authorities to issue permits to qualified applicants; "may issue" laws give the authorities more latitude to reject applications. We find three factors influence the shift ...
CRIMINAL SENTENCING GUIDELINES AND JUDICIAL DISCRETION
Apr 01, 2008; Miceli, Thomas J ... This article studies the institutional structure of criminal sentencing, focusing on the interaction between legislatures, which set sentencing ranges ex ante, and judges, who choose actual sentences from within those ranges ex post. The key question concerns the extent to which judges are ...
INSIDE THE IMPOSSIBLE TRIANGLE: MONETARY POLICY AUTONOMY IN A CREDIBLE TARGET ZONE
Apr 01, 2008; Jansen, W Jos ... This paper examines the trade-off between exchange rate stability and monetary autonomy for a target zone. Using the guilder-mark target zone in the pre-Economic and Monetary Union period as a case study, we empirically estimate how much policy discretion the Dutch central bank still enjoyed and ...
PROMOTING INNOVATION AND THE DEPLOYMENT OF ADVANCED TELECOMMUNICATIONS SERVICES TO BUSINESSES
Apr 01, 2008; Gabel, David J; Huang, Kenneth Guang-Lih ... This paper examines the concomitant effects that competition, regulation, market characteristics, and corporate ownership have on the deployment of advanced telecommunications services (ATS) to business customers through the econometric analysis of a rich data set that identifies the ...
"SPILLOVERS" AND PRODUCTIVITY: THE CASE OF THE TAIWANESE HIGH-TECH FIRMS
Apr 01, 2008; Wang, Yanling; Chao, Chia-Wen ... In this paper, we first estimate firms' total factor productivity by differentiating marginal contributions to firms' production from various types of workers, grouped by their highest educational attainments. Second, we investigate whether there are human capital as well as research and ...
EFFECTS OF STRENGTHENING INTELLECTUAL PROPERTY RIGHTS IN NEWLY INDUSTRIALIZED ECONOMIES: EVIDENCE FROM TAIWAN'S 1994 PATENT REFORM
Apr 01, 2008; Yang, Chih-Hai ... Does strengthening intellectual property rights (IPR) in terms of a longer patent life induce more patents? This article investigates the responses of high-technology firms to Taiwan's 1994 patent reform. Empirical analyses reveal that firms' patenting propensity rose gradually before patent ...
HOUSE PRICES IN THE MEASUREMENT OF INFLATION IN THE EURO AREA
Apr 01, 2008; Anonymous ... An important element of the current monetary policy debate in Europe is the question of if and how house prices should be included in the harmonized index of consumer prices (HICP). This paper uses a signal extraction approach to inflation measurement to illustrate the impact of including house ...
A COMPARATIVE ANALYSIS OF PAYDAY LOAN CUSTOMERS
Apr 01, 2008; Lawrence, Edward C; Elliehausen, Gregory ... One of the most rapidly growing and controversial forms of consumer lending to recently emerge in the marketplace has been payday advances. This form of credit allows the borrower to obtain a small amount of cash for a short period of time. Claims of predatory lending often arise due to the high ...
DO ADULT CHILDREN MATTER?-THE EFFECTS OF NATIONAL HEALTH INSURANCE ON RETIREMENT BEHAVIOR: EVIDENCE FROM TAIWAN
Apr 01, 2008; Hsieh, Hsin-Ling ... This paper examines the effect of the 1995 implementation of National Health Insurance (NHI) on retirement behavior in Taiwan. The identification strategy is based on the fact that, in Taiwan, adult children offer significant insurance to elderly parents. The results suggest that NHI had ...
THE IMPACT OF UTILITY DEREGULATION IN ARIZONA
Apr 01, 2008; Macfie, Brian P ... This analysis assesses Arizona's short-run price response to utility energy deregulation in the commercial and industrial sectors and the long-term response to deregulated industrial utility prices. Using a standard utility industry approach, ordinary least squares regression confirms ...