Atlantic Economic Journal articles from September 1998

Atlantic Economic Journal archives from September 1998

What the euro means for the dollar and the international monetary system.
September 1, 1998... Introduction The euro, which had once been greeted with considerable skepticism in the U.S. as well as in much of Europe, can now be regarded as a virtual certainty. It will come into being in less than nine months on January 1, 1999. There...

A theory of gridlock: strategic behavior in legislative deliberations.
September 1, 1998... "Any time a congressman or senator doesn't have to vote on something, it's a great day." U.S. Senator Christopher Dodd(1) Introduction A common pattern in democratic decisionmaking is the convergence of decisions toward the center of the...

Modeling the currency issue.
September 1, 1998... Introduction Economists devote considerable energy to the preparation and testing of theoretical models which frequently show great analytical elegance, and their work is generally of use in explaining and predicting economic trends. From...

Economic implications of proposed accounting for stock-based compensation.
September 1, 1998... Introduction This paper examines the market expectations of the proposed accounting changes for stock-based compensation (SBC). On June 30, 1993, the Financial Accounting Standards Board (FASB) issued an exposure draft for the proposed SBC...

A disaggregated analysis of employment growth fluctuations in Canada.
September 1, 1998... Introduction The sources of macroeconomic fluctuations are important in determining the effectiveness of macroeconomic policies which are designed to counteract these fluctuations. For instance, the appropriate policy response to...

The impact of deregulation on employment discrimination in the trucking industry.
September 1, 1998... Introduction A previous study of racial employment in the high-wage for-hire sector of the motor carrier industry finds that black participation increased significantly following deregulation [Heywood and Peoples, 1994]. The discretionary...

Minimum wage and employment in the fast food industry.
September 1, 1998... Introduction According to conventional economic theory, competitive employers faced with a legislated wage floor exceeding the prevailing market wage will respond by reducing the level of employment [Stigler, 1946]. Recent studies comparing...

Reward of being an immigrant: earnings gap between immigrant and native-born West Indians.
September 1, 1998... Introduction A number of studies documented that the earnings of West Indian immigrants in the U.S. is significantly greater than that of other black ethnic groups, including African-Americans. The studies generally attribute the earnings gap...

Pollution and the Firm.
September 1, 1998... Introduction The idea of taxing pollution in particular, or any measurable action that generates an external cost, goes back to Pigou. Broadly interpreted, the concept of Pigouvian taxation can be applied to traffic congestion, congested...

Another look at commodity price as a policy target.
September 1, 1998... Commodity and final goods prices supposedly share the same underlying demand and supply forces and respond to the same stochastic shocks with possible stationary short-run deviations. Nevertheless, the cost-price transmission process might be...

College demand and the Campus Security Act of 1990.
September 1, 1998... The Student Right-To-Know and Campus Security Act of 1990 was enacted by the 101st Congress and signed into law by President George Bush on November 8, 1990. Under the provisions of the act, all prospective students and employees are to be...

Students' preferences of gender in professional contacts.
September 1, 1998... Recent research has examined what young people know about various aspects of the labor market. For example, Betts [Journal of Human Resources, 1996, pp. 27-56] analyzed what students knew about wages, Shu and Mariani [Sociology of Education,...

Rational behavior by migrant farmworkers: organized spatial and labor patterns.
September 1, 1998... This study examines the hypothesis that migrant workers organize in rational spatial and labor patterns. King [Returns, 1986] argues migrant worker spatial patterns are random and undefined, while others have suggested otherwise [Zabin and...

Pollution and the Firm. (Pigouvian taxation of pollutant emitting firms)
September 1, 1998... Introduction The idea of taxing pollution in particular, or any measurable action that generates an external cost, goes back to Pigou. Broadly interpreted, the concept of Pigouvian taxation can be applied to traffic congestion, congested...