Atlantic Economic Journal articles from December 2006

Atlantic Economic Journal archives from December 2006

Best article award.
December 1, 2006... The Atlantic Economic Journal is proud to announce that the winner of the Best Article Award for 2005 is Franz Gehrels of Universitat Munchen, Germany. His paper entitled, "Random Economic Disturbances and Lagged Countermeasures," appeared in...

The Euro and other major currencies floating against the U.S. dollar.(Author abstract)(Report)
December 1, 2006... Introduction The introduction of the Euro represented the most fundamental change to the international monetary system since the collapse of the Bretton Woods system of fixed exchange rates [Mundell, 1998], and the Euro will become a truly...

Dynamic linkages between FDI inflows and domestic investment: a panel cointegration approach.(Author abstract)
December 1, 2006... Introduction Economic theory identifies foreign direct investment (FDI) as a factor of major importance for economic growth. This proposition is considered to have global application for all countries experiencing foreign investment...

Fiscal deficits, Taylor rules, and price dynamics.(Author abstract)
December 1, 2006... Introduction The issue of price level determination under interest rate rules is a central topic in monetary theory. A well-known result in the literature, first noted by McCallum [1981], is that monetary policy feedback rules, linking the...

Recidivism among welfare recipients: the role of neighborhood and access to employment.
December 1, 2006... Introduction The passage of the Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) of 1996 has reinvigorated the discussion of how to effectively move families from public assistance to self-sufficiency. Temporary...

Age, retirement, and expenditure patterns: an econometric study of older households.(Author abstract)(Report)
December 1, 2006... Introduction There is new interest in how people manage their resources in later life, perhaps partly a result of the impact of population aging on the economy. One can think of three broad aspects of household resource management that are...

Nonprofit organization and the division of labor: a theoretical perspective.(Author abstract)(Report)
December 1, 2006... Introduction The classical theory of the division of labor, dating back to Smith [1981], consists of two basic propositions [Locay, 1990; Tokumaru, 2003]. One is that the division of labor improves productivity due to the existence of...

A game-theoretic model of plagiarism.
December 1, 2006... Introduction What keeps economists from plagiarizing the works of others? Part of the answer is that we are professionals who take pride in our work. Also, we believe that the penalties of such actions are far greater than the benefits if...

Economics of crime: panel data analysis of bank robbery in the United States.(Author abstract)(Report)
December 1, 2006... Introduction According to a recent FBI report, in 2001 the rate of bank robbery was one every 52 min. Over the five year period, from 1996 through 2000, nearly half a billion dollars were robbed from banks, only 20 percent of which was...

Short-term water consumption patterns in Ciudad Juarez, Mexico.(Author abstract)(Report)
December 1, 2006... Introduction As a consequence of rapid population growth and increasing demand for water, many water utilities around the world complicated resource constraints. Management efforts are made more difficult because of large-scale seasonal...

Quality-adjusted Laspeyres price caps: a graphical analysis.(Author abstract)
December 1, 2006... Introduction Price caps are now widely employed in both the U.S. and abroad to regulate utilities, such as telecommunications, gas, airports, water, railways, and electricity [Cowan, 2002; Vogelsang, 2002]. While policy makers' experiences...

A comment on the paper by Clark, Tullock, and Levy.
December 1, 2006... In a recent issue of the Atlantic Economic Journal, J.R. Clark, G. Tullock, and L.S. Levy published a paper with the provocative title "The Poverty of Politics: How Income Redistribution Hurts the Poor," which deserves some comment [Clark et...

Reply to Kurt Rothschild.
December 1, 2006... First, Professor Rothschild contributes some quantitative data on the possible relationship between income distribution and growth, and cites Atkinson's survey of studies on income growth and the size of the welfare state. Interested readers...

African Economic Development.
December 1, 2006... African Economic Development Emmanuel Nnadozie(ed): Academic Press, 2003, 662 pp. To one who believes the usefulness of economics should extend beyond disciplining undergraduates in the consistent application of deductive reasoning,...

Prospect theory and small payoffs: an experimental study.(ANTHOLOGY)
December 1, 2006... In the 1979's paper ["Prospect Theory: An Analysis of Decision under Risk," Econometrica, 47, pp. 263-291] Kahneman and Tversky challenged the assumptions of the expected utility theory and proposed a prospect theory, which is currently one of...

On equilibrium number of firms.(ANTHOLOGY)
December 1, 2006... Of valued interest to economists is the extent of market entry evolving towards equilibrium co-existence of firms until all economic profits are dissipated. The number of firms, which can coexist together reaching saturated market equilibrium,...

International NICs trade and the Linder hypothesis.(ANTHOLOGY)(Newly Industrialized Countries)
December 1, 2006... International trade theories have generally focused on supply side issues to explain trade patterns in terms of differences in factor endowments or production technology across countries. In contrast with the supply side orientation of the...

Knowing me, knowing you: gender differences in students' file trading.(ANTHOLOGY)
December 1, 2006... In studying the behavior of students who trade digital files, such as MP3s, over the internet, we have identified a number of gender differences. These differences are interesting because they reflect broader issues such as differences in...

Determinants of the violent criminal behavior of teenagers.(ANTHOLOGY)
December 1, 2006... Recent research conducted by the National Center on Addiction and Substance Abuse and Columbia University has shown that children who frequently have dinner with their families are much less likely to smoke, drink, or use illicit drugs...

Promotions and attendance in minor league baseball.(ANTHOLOGY)
December 1, 2006... Variables normally included in an analysis of attendance in major league baseball (like winning percentage) have little to no effect on attendance in minor league baseball, where local community interest in professional baseball's simple roots...