Atlantic Economic Journal articles from June 1993

Atlantic Economic Journal archives from June 1993

Education and productivity growth in a market economy.
June 1, 1993... I. Introduction The purpose of this paper is to describe the impact of investment in education on U.S. economic growth. Beginning with the seminal contributions of Becker [1964], Mincer [1974], and Schultz [1961], economists have found it...

Cooperative and predatory advertising: effects on oligopoly advertising investment.
June 1, 1993... I. Introduction Advertising in an oligopoly generates externalities. Negative externalities occur when the firm's advertising gains sales for the firm at the expense of the rest of the industry. Alternatively, positive externalities may be...

Assessing the impact of Atlantic City casinos on Nevada gaming revenues.
June 1, 1993... The commencement of casino gaming activities in Atlantic City, New Jersey, during 1978 marked the end of Nevada's virtual monopoly of casino-style gambling.(1) In the 14 years hence, apparently no quantitative studies have been undertaken to...

The BFH payments system in new classical and new Keynesian models.
June 1, 1993... I. Introduction The BFH payments system is an alternative monetary institution that promises to end inflation and several sources of recession. The scheme was introduced by Robert L. Greenfield and Leland B. Yeager |1983(a)~ and developed in a...

Government budget deficits, nominal and ex ante real long-term interest rates in the U.K., 1960:1-1990:2.
June 1, 1993... I. Introduction In the economic literature there are two conflicting views regarding the effect of government budget deficits on interest rates. The first view indicates that large government budget deficits increase interest rates, while the...

Long-wave Rhythms in Economic Development and Political Behavior.
June 1, 1993... Although it strays from the conventional subject matter, this book may best be described as an attempt to build a general theory of the macro economy, one that is not restricted to a particular historical period or to a specific point of the...

Is there a bi-directional relationship between export quantities and prices?
June 1, 1993... The basic objective of this paper is to examine whether there is a two-way relationship between export quantities and prices. The topic is important because the direction of causation between export quantities and prices has important...

Unprofitable collusion.
June 1, 1993... Suppose a firm must set its output level before uncertainty is resolved. In some parts of the world, unit costs may exceed the demand price, and the firm suffers a loss. Intuition suggests that, for a given negative shock, market power can reduce...

The pass-through puzzle: a tale of two missing princes?
June 1, 1993... Exchange rate pass-through measures the degree to which exchange rate changes are transmitted to destination currency prices of traded goods. Studies relating to the pass-through phenomenon have become something of a growth industry of late. Most...

Job duration and earnings.
June 1, 1993... The relationship between firm tenure and wages has been examined in a large number of studies. A portion of this research has looked at the relationship between earnings and the duration of the job |Bartel and Borjas, Studies in Labor Markets,...

Separability of a price-dependent utility function.
June 1, 1993... Product quality is often modeled by placing commodity prices in a utility function |Pollak, AER, 1977~. This paper extends the price/quality argument by defining separability conditions for price-dependent utility functions. These conditions are...