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Atlantic Economic Journal articles from March 1 2009
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 March 1 2009
Clarence C. Morrison: 1932-2008.(International Atlantic Economic Society )(In memoriam)
March 1, 2009... To live in hearts we leave behind, is not to die.
Thomas Campbell
[ILLUSTRATION OMITTED]
There is a loud silence with the passing of our dear friend and colleague, Clarence C. Morrison, Professor Emeritus, Indiana University at...
A tribute to Clarence Morrison.(International Atlantic Economic Society )(In memoriam)
March 1, 2009... On August 6, 2008, Clarence C. Morrison (age 76) passed away. With his passing, many of us lost a trusted and honorable friend and/or mentor, the International Atlantic Economic Society (IAES) lost a past President and long-time supporter and...
Black-white wage differentials in a multiple sample selection bias model.
March 1, 2009... Introduction
In estimating the wage differentials between black and white workers, it is important to adjust for the sample selection bias in the wage equation. It has been demonstrated that most wage equations suffer from sample selection...
On indexed bonds and aggregate demand elasticity.
March 1, 2009... Introduction
Inflation indexed government bonds, which were first issued by the Commonwealth of Massachusetts during the Revolutionary War, (1) have become rather popular and widely used in the industrialized world. Indeed, the United...
Gray marketing: does it hurt the manufacturers?
March 1, 2009... Introduction
Parallel importing has attracted increasing interest in the international practice, and concern to manufacturers and retailers since the mid-1980s (Mitchell 1998; Eagle et al. 2003). In the case of Silhouette in July 1998, the...
A short-run crude oil price forecast model with ratchet effect.
March 1, 2009... Introduction
Crude oil markets have been heavily influenced by OPEC's behavior for almost 30 years. In the 1980s, OPEC changed its pricing policies to allow the marketplace to have a larger impact on price. Prices became more transparent...
Pump prices and oil prices: a tale of two directions.
March 1, 2009... Introduction
It has been argued that gasoline prices adjust more quickly to crude oil price increases than to price decreases. Empirical results supporting this contention can be found in Asplund et al. (2000), Bacon (1991), Borenstein et...
The JEC revisited: did debt undermine stability?(ORIGINAL PAPER)(Joint Executive Committee)
March 1, 2009... Introduction
The Joint Executive Committee (JEC) of the eastern trunk line railroads (1879-1887) is one of the most thoroughly studied cartels in the entire economic literature, because it is one of the few cartels with a large trove of...
A puzzle or a choice: uniform pricing for motion pictures at the box.
March 1, 2009... Introduction
Price variation over differentiated products is the profit-maximizing solution corresponding to differing price elasticities of demand. A significant exception, the uniform price across different motion pictures at the box...
Incremental state higher education expenditures.(ORIGINAL PAPER)
March 1, 2009... Introduction
This study analyzes various measures of state expenditures on higher education using a panel of data from 45 states for the years 1986 through 2005. (1) Results of panel stationarity tests indicate that each measure of state...
Rational inattention and choice under risk: explaining violations of expected utility through a Shannon Entropy formulation of the costs of rationality.(ORIGINAL PAPER)
March 1, 2009... Introduction
The falsification of expected utility theory (EU) through experiment has led to a fruitful literature over the past 50 years in order to try to account for this discrepancy. While at its beginnings and through the 1980s, this...
Socioeconomic factors influencing longevity in Japan.(ANTHOLOGY)
March 1, 2009... Although there are no obvious reasons for this phenomenon, it is sometimes stated that, in Japan, after they are separated from their partners (due to death, divorce, etc), old men arc prone to dying earlier whereas women tend to live longer...
Where Lies the signaling effect of the SRP? Announcement vs. execution.(ANTHOLOGY)(Repurchase Announcements, Lies and False Signals)(sare rpurchase pogram )(Book review)
March 1, 2009... Kracher and Johnson (1997 "Repurchase Announcements, Lies and False Signals," Journal of Business Ethics, vol. 16, pp. 1677-1685) argue that companies announcing Share Repurchase Program (SRP) with no intention of repurchasing shares are guilty...
Remorse, risk aversion and efficiency in eBay coin auctions.(ANTHOLOGY)
March 1, 2009... Internet auctions are popular. Their ease of entry, low transaction costs, and the pervasiveness of computers make these markets accessible to almost anyone and, ultimately, very competitive. Here is an intriguing laboratory for the observation...
Does team racial composition affect team performance in the NBA?(ANTHOLOGY)(National Basketball Association)
March 1, 2009... Does Team Racial Composition Affect Team Performance in the NBA?
Many amateur and professional sports teams ate composed of athletes flora different racial and demographic groups. In the National Basketball Association (NBA), for example,...