Atlantic Economic Journal articles from December 1993

Atlantic Economic Journal archives from December 1993

A method for identifying the most influential articles in an academic discipline.
December 1, 1993... I. Introduction In recent years, citation analysis has become an important tool for exploring the sociology of scholarship in the natural and social sciences. Citation measures have been used to rank academic departments [Beilock,...

Does price rigidity cause large social or private costs?
December 1, 1993... Movements in aggregate demand can affect aggregate output only if nominal prices are sticky. Price rigidity is thus a necessary condition for nominal disturbances to cause output fluctuations. Yet, without a theoretical microfoundation,...

The elasticities approach in general equilibrium: real shock dynamics.
December 1, 1993... I. Introduction The elasticities approach has long been a basic tool for modelling the trade balance. It states that export demand and import demand are functions of the exchange rate, because the exchange rate affects the prices of...

A diffusion model of long-run state economic development.
December 1, 1993... I. Introduction The past two decades have witnessed increasing interest and activity on the part of state governments in developing policies intended to foster economic development. In their efforts to attract new industries, states...

Efficiency wages and tax policy.
December 1, 1993... I. Introduction It is well known in the conventional theory that a tax increase can be regarded as an anti-inflation device because it reduces the aggregate demand. However, recent contributions, particularly the literature in...

Actual experience, potential experience or age, and labor force participation by married women.
December 1, 1993... I. Introduction Labor force participation by married women, especially married women with children, has increased over time. This has stimulated research addressing the labor market behavior of married women. Theoretical advances...

Lowering the age requirement for adult courts: an analytical framework.
December 1, 1993... I. Introduction A vast majority of states do not gain jurisdiction over young offenders in U. S. criminal courts until the age of 18 [Hamperian, 1987]. The authors believe that juvenile crimE could be reduced, without the use of...

Liberty, Equality, and Efficiency.
December 1, 1993... Some time in the recent past James Meade set sail for the Island of Utopia but was unable to find this perfect place to live. While cruising among the Topian Islands, he did disembark at the Island of Agathotopia which is a good but not perfect...

Completing the "one line proof" of the dynamic envelope theorem.
December 1, 1993... Recently, Caputo |RES, 1990~ presented a "one line proof of the dynamic envelope theorem." As is well known |Varian, Microeconomic Analysis, 1984~, the first order optimization condition plays a crucial role in the static envelope theorem by...

Product reliability in imperfectly competitive markets.
December 1, 1993... It is well understood that imperfectly competitive firms restrict output below socially optimal levels. Somewhat surprisingly, economists have shown that in many cases a firm's product durability is independent of market structure |Swan,...

First-order autoregression and the uncertainty principle.
December 1, 1993... In a study of annual U.S. corn prices from 1867 to 1948, George Judge, et al. |Introduction to the Theory and Practice of Econometrics, New York: Wiley, 1982, 690-99~ find that the deviations from the mean price are well represented by the...

The line-item veto: a reappraisal.
December 1, 1993... Many states have strengthened the budgetary power of governors by giving them the line-item veto. Practically every president in this century has requested the same power in order to balance the budget and reduce the national debt. While the...

Wages, benefits, compensation, and unemployment 1982-92.
December 1, 1993... One facet of the U.S. labor market has perplexed macroeconomics as it has drawn closer to its microeconomics foundations: large fluctuations in employment and lack of strong wage response to these fluctuations. The literature examining this...

Birth rates, economic growth, and structural transformation in LDCs. (developing countries)
December 1, 1993... The objective of this paper is to test the relationship between birth rates and per capita income, and birth rate and structural transformation in developing countries. High birth rates are generally associated with national poverty. But it may...

The discount rate and intergenerational equity.
December 1, 1993... Most students are introduced to net present value (NPV) analysis in the context of intertemporal decision making in finance and microeconomic courses. The typical textbook presentation of NPV analysis is based on the behavioral assumption of...

Research and development and regional productivity.
December 1, 1993... To speed regional technological change, the fostering of local R&D activity is often suggested. However, it is not clear that such activity will have a discernible impact on local technology and industry. A cross-sectional regression analysis...