Atlantic Economic Journal articles from June 2003

Atlantic Economic Journal archives from June 2003

Augustin Courtnot and neoclassical economics.
June 1, 2003... Introduction Most Anglophone economists take Alfred Marshall to be the father of neoclassical economics. In the preface to the first edition of his Principles [1890], Marshall gives glowing tribute to Cournot: "Under the guidance of...

Teaching the Coase theorem: Are we getting it right?
June 1, 2003... Introduction A small but growing number of economists, including Ronald Coase himself, argue that Coase's approach to externality problems is misrepresented by standard formulations of the Coase theorem [Coase, 1988; 1994; Friedman, 1991;...

The determinants of immigration-policy preferences in advanced economies: A cross-country study.
June 1, 2003... Introduction The process of globalization continues to be the subject of considerable debate. Controversy surrounds many aspects of globalization, including the impact that increasing trade and capital flows have on economies, the role and...

Stochastic behavior of nominal exchange rates.
June 1, 2003... Introduction This paper examines the daily structure of the nominal exchange rates in the U.K., Germany, and Japan in relation to the U.S. dollar by means of using fractionally integrated techniques. For this purpose, the author uses a...

Gravity model: An application to trade between regional blocs.
June 1, 2003... Introduction The objective of this paper is to evaluate the determinants of bilateral trade flows among 47 countries and particularly, the effects of preferential agreements between several economic blocs and areas: European Union (EU),...

Dynamic consistency and monopoly.
June 1, 2003... Introduction In a seminal article Coase [1972] shows that a monopolist which sells a durable product faces a credibility or commitment problem with buyers. The firm has little incentive to account for the loss in capital value of the...

Trends in U.S. economics majors: Why the decline in the 1990s?
June 1, 2003... The Problem The number of bachelor's degrees granted in economics decreased in the United States during the 1990s, with a possible reversal of that trend in the late 1990s [Siegfried, 1997; 2000]. It is therefore important to identify the...

Leon H. Keyserling policy, economic growth, and the Fall Employment Budget Concept. (Anthology).
June 1, 2003... Leon H. Keyserling, a primary author of the Full Employment Act of 1946 and first Vice-Chair and Second Chair of the Council of Economic Advisers to the President, can be generalized in terms of economic policy, economic growth, and an early...

A new methodology for modeling entrepreneurial activity: Genetic Algorithms. (Anthology).
June 1, 2003... This note summarizes a new line of research currently in progress which evaluates entrepreneurial activity. Despite the ever-increasing body of literature dedicated to this topic, with articles published in a wide range of journals (for...

Estimates of scale economies in the garment industry in Nepal. (Anthology).
June 1, 2003... Nepal's garment production soared in the rnid-1980s primarily because of Indian producers who entered Nepal to bypass the U.S. imposed quota on Indian garments. An immediate jump of garment exports was then observed from a mere 1 percent of the...

Correction.(Correction Notice)
June 1, 2003... A production error occurred on page 41 of the March 2003 (Vol 31, No. 1) issue of the Atlantic Economic Journal. Part of Figure 8 (b) was inadvertently deleted. The corrected version appears below. The paper is entitled, "Reputation Deals: A...