Atlantic Economic Journal articles from December 2001

Atlantic Economic Journal archives from December 2001

Best Article Award.
December 1, 2001... The Atlantic Economic Journal is proud to announce that the winner of the Best Article Award for 2000 is David D. VanHoose of Baylor University. His paper entitled, "Central Banking Policy Making in Competing Payment Systems," appeared in the...

Economic impact of the terrorist attacks of September 11, 2001.
December 1, 2001... Introduction The International Atlantic Economic Conference was held in Philadelphia just one month after the September 11 terrorist attacks on the World Trade Center in New York and on the Pentagon in Washington, D. C. A plenary panel was...

Long run consequences of the terrorist acts--possible stimulating effects.(Brief Article)
December 1, 2001... I am afraid that my only qualification for speaking to you on this subject is that I saw part of the September 11th horror, and my wife saw virtually all of it, from our window--we were that close. You will forgive me for reiterating the view...

The impact on the financial and banking sector from the U.S. perspective.
December 1, 2001... It is an honor to talk to you today and to be with this distinguished panel. I am particularly honored to share the panel with such a distinguished alumni of my alma mater - the City College of New York. I should begin by saying that my remarks...

Macroeconomic impacts and implications for business.
December 1, 2001... Interestingly, the last thing that I thought I would do when I was invited to join this panel would be to disagree with something that Professor Baumol said, but that is the first thing that I am going to do. When quoting Allen Blinder that...

The public finance and political impact from the European perspective.
December 1, 2001... I will start by focusing on the political consequences of the terrorist attack on New York, because these may be even more important for Europe than the economic consequences. In this respect I can refer to the war against Yugoslavia in 1999....

Mergers, welfare, and concentration: Results from a model of Stackelberg-Cournot oligopoly.
December 1, 2001... Introduction The effect of mergers on market outcomes is the subject of some controversy. Among most noneconomists, the prevailing folk wisdom is that restraints on horizontal mergers are necessary because mergers result in increased...

When producer surplus underestimates rents.(Brief Article)
December 1, 2001... Introduction Consumer surplus and producer surplus have been used to evaluate the welfare effects of alternative policies in many economic areas. Such areas include industrial organization, international trade, resource and environmental...

Spillover effects of local fiscal policy.
December 1, 2001... Introduction and Literature Review The modern metropolitan area is composed of hundreds of independent governmental jurisdictions (county governments, local municipal governments, school districts, and other special districts), each of...

The complementarity between U.S. foreign direct investment stock and trade.(Statistical Data Included)
December 1, 2001... Introduction It is often assumed that foreign direct investment (FDI) is an important source of international technology transfer and economic growth for the host economy [Hejazi and Safarian, 1999; Balasubramanyam et al., 1996;...

Subsidy policies in a fertility choice model.(Statistical Data Included)
December 1, 2001... Introduction The neoclassical model treats population growth as an exogenous factor. This hypothesis neglects interactions between the economic growth process and demographic trends. However, a genuine understanding of the economic growth...

Financial penalties as an alternative criminal sanction: Evidence from panel data.(Statistical Data Included)
December 1, 2001... Introduction The U.S., along with most Western nations, adopted policies of greater incarceration when confronted with the rising crime rates of the 1970s. The shift toward greater incarceration involved longer prison sentences and...

Core authors and rankings in economics.(Statistical Data Included)
December 1, 2001... Introduction In the last 20 years, a wide variety of articles have appeared ranking journals, departments, and authors. The annual number of articles devoted to such topics also has grown with time. Recent rankings of journals include...

A Keynesian view of the Fisher separation theorem. (Anthology).(Brief Article)
December 1, 2001... The Fisher separation theorem of finance theory is an application of pure microeconomics and has appeared in standard general finance textbooks for years [Brealy, Myers, Sick, and Whaley, 1986]. The idea of the theorem is as follows: Given...

Hurricane mitigation: Rational choice or market failure. (Anthology).(window shutters to prevent property damage losses)(Brief Article)
December 1, 2001... In 1992, Hurricane Andrew came close to the worst-case scenario of emergency planners. Insured losses exceeded $15 billion but could have been four times that amount had the storm hit Miami directly. After the hurricane, it became obvious that...

Globalization and the Asian financial crisis. (Anthology).(Brief Article)
December 1, 2001... The banking and currency crises in Mexico and Asia have brought into question the advisability of globalization for emerging economies. There are many benefits to developing countries for current and capital account liberalization. The...

Preholiday calendar regularities in Ireland. (Anthology).(Brief Article)
December 1, 2001... The preholiday anomaly refers to the fact that in many equity markets, a pattern appears that mean returns on the day preceding a public holiday, a day on which the markets are closed to trading, are anomalously high. This has been recognized...

New England's residual wholesale electricity market. (Anthology).(Brief Article)
December 1, 2001... The independent system operator (ISO) concept was developed by the Federal Energy Regulatory Commission to support deregulation of the electricity industry in the U.S. In May 1999, ISO New England began buying and selling residual wholesale...

Quality signals and experience goods: Higher education. (Anthology).(consumer behavior)(Brief Article)
December 1, 2001... As Phillip Nelson [1970 and 1974] demonstrated, producers of experience goods--those for which it is costly for consumers to make pre-purchase evaluations regarding quality--will attempt to provide consumers with indirect signals of product...