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Atlantic Economic Journal articles from June 2002
Quarterly publication provides economic developments and changes on a global level. It also publishes economists' research and book reviews.
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Atlantic Economic Journal archives from June 2002
Long- and short-term interest rates in 19 countries: tests of cointegration and parameter instability.(Statistical Data Included)
June 1, 2002... Introduction
This paper formally tests whether short- and long-term interest rates of 19 countries are statistically cointegrated. The single-country studies of Stock and Watson [1988], MacDonald and Speight [1988], McFadyen, Pickerill and...
The welfare effects of a European anti-dumping duty and price-undertaking policy.
June 1, 2002... Introduction
The European Union (EU) is one of the four principal users of anti-dumping (AD) measures in the world. (1) An important instrument in its AD-policy is the AD-duty. A distinguishing feature of the EU's AD-policy is its frequent...
Electricity transmission pricing: the German case.
June 1, 2002... Introduction
In recent years, the electric power industries have been deregulated worldwide. In the European Union (EU), this process is based on the Internal Market Directive 96/92/EC that came into effect on February 19, 1997....
On the determinants of capital flight from Russia.
June 1, 2002... Introduction
Massive capital flight experienced by Russia in the 1990s drew growing attention from Russian and foreign observers, as well as from the media. The main reasons lie in the huge costs it imposed on the country in terms of loss...
Trade liberalization and productivity growth in Australian manufacturing industries.
June 1, 2002... Introduction
The conventional wisdom that trade liberalization leads to productivity gains has found support from earlier studies, as well as recent studies, such as Dowrick [1994], Rodrik [1995], Harrison [1996], and Edwards [1998]....
On access pricing with network externalities.
June 1, 2002... Introduction
The efficient component pricing rule (ECPR) has been proposed by Baumol [Baumol and Sidak, 1994; Willig, 1979] as the proper way to assign access charges to an entrant wishing to join a network which is operated by an...
Valuing improvements in lifetime endowments in markets with no borrowing.
June 1, 2002... Introduction
Willingness to pay for benefits is the standard measure in economic theory-based program evaluation [Kenkel, 1997]. An exact measure of the value of benefits allows for the calculation of net benefits, that is, benefits minus...
Gray marketing and unfair competition.
June 1, 2002... Introduction
Since the mid-1980s there has been a growing interest in the international business literature in gray marketing or what is referred to as parallel importation. The gray marketing or parallel importation arises where a...
From Edgeworth to Fisher to Vickrey: A comment on Michael J. Boskin's Vickrey Lecture.
June 1, 2002... Michael Boskin's fascinating Vickrey Lecture, "From Edgeworth to Vickrey to Mirlees" [Boskin, 2000], explores the historical and intellectual context of the late Nobel laureate William Vickrey's Columbia doctoral dissertation and first book,...
A note on customs unions vs. non-preferential tariffs.
June 1, 2002... It has been known that making a non-preferential tariff reduction is always superior to joining a customs union (Cooper and Massell, 1965]. This proposition is based on the assumption that the country concerned is a small country. The purpose...
Modeling monetary economies.
June 1, 2002... Bruce Champ and Scott Freeman, 2001, pp. 325
Economists have long been fascinated by the role of money in market economies. Furthermore, the interaction of money and banking is so fundamental to the economics profession that an entire...
A computer simulation for teaching the theory of nonprofit firms. (Anthology).(Brief Article)
June 1, 2002... The nonprofit sector is a significant and growing part of the economy. Economists, however, have often ignored this sector in the classroom. In his textbook, McEachern [Economics, A Contemporary Introduction, p. 76] provides a clear statement...
The tangency requirement between average revenue and average cost curves. (Anthology).(Brief Article)
June 1, 2002... Discussion on the tangency requirement between average revenue and cost curves can be found in Harrod [1931, 1932, EJ] and Robinson [1932, EJ]. Subsequently, Robinson and Chamberlin formalized these and other ideas on the theory of imperfect...
Internet savings on new car purchases: perception and reality. (Anthology).(Brief Article)(Statistical Data Included)
June 1, 2002... A study by Morton, Zettelmeyer, and Risso ["Internet Car Retailing," NBER working paper #7961, October 2000] examines the impact of one internet referral service, Autobytel, on new car prices in California. After carefully adjusting for...
Impact of currency depreciation on real GDP in South Korea. (Anthology).(Brief Article)
June 1, 2002... During the Asian financial crisis a few years ago, many countries experienced currency depreciation, capital outflows, declining output, high unemployment, and bankruptcies of firms, among others. South Korea encountered a similar economic...
Characteristics of those offended by organ procurement alternatives. (Anthology).(Brief Article)
June 1, 2002... Although Adams, Barnett and Kaserman (ABK), ["Markets For Organs: The Question of Supply," Contemporary Economic Policy, 17:2, 1999] have found that financial incentives have the potential to completely eliminate the organ shortage, 12 percent...