Atlantic Economic Journal articles from September 2008

Atlantic Economic Journal archives from September 2008

An exploration of asset returns in a production economy with relative habits.
September 1, 2008... Introduction Habit forming preferences have been notably successful in solving the equity premium puzzle. One of their most popular representations is due to Abel (1990, 1999, 2006), who shows that an asset pricing model with relative...

Training, job upgrading, job creation and job destruction.(Report)
September 1, 2008... Introduction Equilibrium models of labour markets characterized by search frictions developed in Mortensen and Pissarides (MP hereafter) (1994, 1999a, b) are relatively new analytic tools which have been applied to labour market policy...

Relative responsiveness of bargaining solutions to changes in status-quo payoffs.
September 1, 2008... Introduction It is a well-known fact that several prominent bargaining solutions--such as the Nash, Kalai/Smorodinsky, equal gains, and equal sacrifice solutions, which will be defined rigorously in the next section--are responsive to...

An inquiry into the contemporary differential between female and male voter turnouts.
September 1, 2008... Introduction Following Downs' (1957) introduction of the rational voter model, there have followed numerous studies to enhance, test, and better understand the theory or variants thereof, including Buchanan and Tullock (1962), Tullock...

The J-curve revisited: an empirical analysis for Canada.(Report)
September 1, 2008... Introduction Understanding the relationship between the exchange rate and the trade account is essential to a successful monetary and trade policy, both of which are particularly important for a small open economy such as Canada. The...

Running the numbers on lotteries and the poor: an empirical analysis of transfer payment distribution and subsequent lottery sales.(Survey)
September 1, 2008... This paper uses weekly lottery sales data to demonstrate a link between the distribution of government transfer payments, such as Aid to Families with Dependent Children (1) (welfare), social security, disability, etc. and lottery ticket...

Funding shocks and optimal university admissions and financial aid policies.
September 1, 2008... Introduction On August 1, 2006, Stanford University announced that Philip H. Knight, founder and chairman of Nike, Inc., would give $105 million to its Graduate School of Business (GSB). (1) The event provides a stark example of a funding...

Did stealing signs help the 1951 NY Giants?(ANTHOLOGY)(The Echoing Green)(Book review)
September 1, 2008... JEL C10 * D00 * D80 In his recent book, The Echoing Green, Joshua Prager suggests the legendary 1951 pennant race between the New York Giants and the Brooklyn Dodgers might have been affected by the Giants' stealing signs from opposing...

What drives road rage?(ANTHOLOGY)(Survey)
September 1, 2008... JEL R10 In 2007, for the second year in a row, Auto Vantage commissioned Prince Market Research (PMR), an independent market research company, to conduct a national opinion poll on the topic of road rage. Consequently, commuters in the 25...

Defined contribution beta when combined with a defined benefit plan.(ANTHOLOGY)
September 1, 2008... JEL G11 * G23 This research is prompted by an analysis of the retirement allocations of civilian employees of the United States Navy. These employees have the option of participating in a Defined Benefit (DB) plan, a Defined Contribution...

Socioeconomic factors and business student plans and expectations.(ANTHOLOGY)
September 1, 2008... JEL A20 The long-term economic prosperity experienced throughout the United States' history has enabled newer generations of Americans to surpass the standard of living of their parents. While that certainly has been most evident in the...

Are you "Hot Or Not"?(ANTHOLOGY)
September 1, 2008... JEL C90 * C93 * Z00 Research has established that physical attractiveness is the biggest determinant of success in the online dating market. What traits make one more or less attractive? HotOrNot (http://www.hotornot.com) provides a unique...

Is there a critical value of the crude oil price?(ANTHOLOGY)
September 1, 2008... JEL E50 * Q00 The price of crude oil recently reach $100 per barrel. There have been concerns about its potential adverse impacts on the economy, consumers, and businesses. Several recent studies [Hamilton (2000), "What is an oil shock?"...

The nature of shocks in Eurozone.(ANTHOLOGY)(real effective exchange rates)
September 1, 2008... JEL F30 * F33 The frequency and nature of shocks impacting the individual member countries is one of the major factors determining the success of a monetary union. Starting with the seminal work of Robert Mundell (A Theory of Optimum...

Measuring the technology diffusion from multinational enterprises.(ANTHOLOGY)
September 1, 2008... JEL F01 * F20. F23 * O10. O15 * O31 * 047. 057. L24 Many empirical studies (e.g. Borensztein et al., Journal of International Economics, 1998) use FDI to GDP ratio to measure the technology diffusion effect of Multinational Enterprises...

The impact of exchange rate volatility on exports: a cross country analysis (1973-2004).(ANTHOLOGY)
September 1, 2008... JEL F10 * F33 With the move from fixed to flexible exchange rates in Europe in 1973, there was increasing concern about effects of exchange rate variability on trade. Economic theory is ambiguous on the impacts of increased exchange rate...

Power law versus exponential law in characterizing stock market returns.(ANTHOLOGY)
September 1, 2008... JEL G10 A relatively new line of research in financial economics has attracted the interest of physical scientists who are applying methods developed for strongly fluctuating dynamic physical systems to understand financial market...

Win a world series, raise ticket prices. But, excessively?(ANTHOLOGY)(Boston Red Sox)
September 1, 2008... JEL L83 The Boston Red Sox celebrated wildly on the field in St. Louis in October 2004, having just completed a sweep of the Cardinals and ending an 86-year World Series championship drought. Prior to the 2004 season, diehard Red Sox fans...