Atlantic Economic Journal articles from March 2004

Atlantic Economic Journal archives from March 2004

Risks to the long-term stability of the euro.
March 1, 2004... Introduction In the centuries for which there is a record of currencies that had brief or longer periods of existence in varied geographical areas, it was unusual for a new currency to quickly win acceptance. Before a new currency became...

Occupational assignment, hiring discrimination, and the gender pay gap.
March 1, 2004... Introduction This study makes two contributions to our understanding of the gender pay gap. First, an identified, structural demand-wage equation that uses a measure of endogenous labor supply and indicators of endogenous occupational...

Public capital and small firm performance.
March 1, 2004... Introduction Regions and states exhibit important differences when it comes to the apparent health of their business environments for entrepreneurial activity. There are clear differences among the states with respect to small business...

Economic efficiency and the common law.
March 1, 2004... Introduction Do legal rules based on the common law in the U.S. result in economically efficient outcomes? The evidence or what there is of it, seems to suggest otherwise. Tullock [1997] noted that while the precise social cost of legal...

Natural monopoly regulation in the presence of cost misreporting.
March 1, 2004... Abstract This paper explores the implications of asymmetric cost information within the context of a regulated natural monopoly. The paper provides a unifying framework for the analysis of cost padding and exaggeration, both of which are...

Local labor market conditions and foreign direct investment flows in the U.S.
March 1, 2004... Abstract This study evaluates the impact of industry and state-specific economic conditions on inward Foreign Direct Investment (FDI) in several states in the U.S. FDI inflows in the U.S. are attracted by high industry and state specific...

An application of auction theories to price-trading volume correlations.(Anthology)(Securities trading)
March 1, 2004... Studies on correlations between price and trading volume changes brought some evidence that identified whether price movements are effected by increases in trading volumes. Karpoff [March, 1988 JFQA] criticised most empirical studies because...

Economic growth in the new economic era.(Anthology)
March 1, 2004... In the last decade, the average annual economic growth in the U.S. (3.22 percent) substantially exceeded that of both the EU (2.04 percent) and Japan (0.98 percent). The U.S. grew faster because it better utilized opportunities in the emerging...

The Samuelson torture.(Anthology)(economic theory)
March 1, 2004... "A number of economists have tortured themselves trying to manipulate [ratios of equal marginal rates of transformation across trading countries] so as to result in [equal marginal rates of technical substitution across countries.] No proof of...

Proxy rule, pecuniary value, and proxy solicitation: evidence from TSE-listed firms (1984-2002).(Anthology)(Taiwan Security Exchange)
March 1, 2004... In recent years, there has been a growing interest in corporate control issues. Nonetheless, laws governing mergers and inter-firm tender offers were not promulgated until January 2002 in Taiwan. The proxy contest still remains the predominant...

Competition and investment in telecommunications.(Anthology)
March 1, 2004... The 1996 Telecommunications Act requires incumbent local phone companies (ILECs) to wholesale their networks to entrants (CLECs) at regulated rates. Three methods of entry relying upon wholesale access are: a) combining incumbent distribution...