Atlantic Economic Journal articles from March 2007

Atlantic Economic Journal archives from March 2007

Currency unions: some lessons from the euro-zone.(Report)
March 1, 2007... The Benefits of the Euro-Area Both the advantages and disadvantages of a currency union have been rehearsed at length in the context of the adoption of the single (euro) currency in the euro-zone. Amongst the potential advantages are: ...

The economics of experience-based higher education.(Report)
March 1, 2007... Introduction This article discusses some of the economic aspects of experience-based teaching and curriculum in higher education. The use of the analytical tools of economics to study education became an organized effort with Becker's...

The poll results hypothesis.
March 1, 2007... Introduction Since Downs (1957) introduced the theory of the "rational voter," there have followed numerous and highly varied theoretical extensions and empirical studies to enhance, test, and better understand the theory or variants...

The determinants of price in internet auctions of used cars.(Report)
March 1, 2007... Introduction E-commerce has become a larger part of the U.S. and world economy over the last decade. Americans were expected to spend approximately $120 billion online in 2004 (Economist, 2004a). Forrester Research believes that number...

Disability insurance denial rates and the labor force participation of older men and women in Canada.(Report)
March 1, 2007... Introduction A large expansion in the number of individuals collecting disability insurance benefits has been observed in many industrialized countries. This growth, especially in the United States, has led some researchers to examine the...

Wal-Mart's impact on local revenue and expenditure instruments in Ohio, 1988-2003.
March 1, 2007... Introduction Few issues receive as much debate in local communities as the expected opening of a Wal-Mart. Over the past 20 years communities across the United States (and increasingly worldwide) have seen both benefits and costs...

Volatility relationship between crude oil and petroleum products.(Report)
March 1, 2007... Introduction The daily price of West Texas Intermediate (WTI) crude oil has shown a six-fold variation in recent years, ranging from a low of $10.82 in December 1998 to a high of $69.91 in August 2005. During the year 2005, consumers paid...

On the equal marginal value principle: a comment.(ANTHOLOGY)
March 1, 2007... JEL A22 * D24 The equal marginal value principle for allocating resources among multiple processes is a powerful feature in the economist's toolkit. A. J. Yates (The Equal Marginal Value Principle: A Graphical Analysis with Environmental...

Inflated executive salaries, lobbying excesses, and exorbitant election campaigns.(ANTHOLOGY)
March 1, 2007... JEL H23 The decrease in income tax progressivity and dismantling of inheritance taxes in the twenty-first century have been justified on the basis of compensative justice and allocative efficiency. Their effect on distributional equity...

Implications of collective trauma on consumer purchase attitudes.(ANTHOLOGY)
March 1, 2007... In this article, the authors explore the possibilities that collective trauma among consumers because of events, such as the September 11, 2001 terrorist attacks and recent natural disasters, such as hurricane Katrina, cause transformation in...

Do gas stations raise prices on the weekend or holidays?(ANTHOLOGY)
March 1, 2007... JEL D43 Conventional wisdom holds that the price of gasoline rises before a weekend or major holiday. For example, in April 2004 an anonymous poster on gastips.com said "Doesn't anyone find it suspicious that all stations' prices go up on...

Test of the Taylor rule and policy implications.(ANTHOLOGY)
March 1, 2007... JEL E40. E52 The Taylor rule [CRCSPP, 1993; MS, 1998; MPR, 2001] describes the behavior of the Fed in determining the federal funds rate and is given by: R = [pi] + 0.5 GAP + 0.5([pi] - [pi]*) + R* where R, [pi] GAP, [pi]*, and R* are the...

Pricing information, partial auction, and post-listing performance: evidence from IPOs in Taiwan (1989-2003).(ANTHOLOGY)
March 1, 2007... Pettway and Taneko (Pacific-Basin Finance Journal, 1996, 254.) demonstrated that the introduction of the auction into the Japanese IPO market has indeed brought the listing price closer to its intrinsic value. They documented that it is...

Measuring player loyalty among baseball's Hall of Famers.(ANTHOLOGY)
March 1, 2007... JEL L83 * J63 When in April 2006 Johnny Damon (formerly of the Boston Red Sox) appeared in Yankee pinstripes, sportswriter Mike Lopresti lamented: "It's as if the mongoose went over to the rattlesnakes' side" ("Bitter reunion awaits Damon...