Economic Inquiry articles from January 2000

Economic Inquiry archives from January 2000

MARKET STABILITY: BACKWARD-BENDING SUPPLY IN A LABORATORY EXPERIMENTAL MARKET.
January 1, 2000... 1999 PRESIDENTIAL ADDRESS WESTERN ECONOMIC ASSOCIATION CHARLES R. PLOTT [*] This article investigates the stability properties of markets with backward-bending supply curves. Parameters are chosen so that the two classic models of...

A COMMON-FEATURES ANALYSIS OF AMSTERDAM AND LONDON FINANCIAL MARKETS DURING THE EIGHTEENTH CENTURY.
January 1, 2000... DOUGLAS T. WILLS [*] We examine the financial linkage between the London and Amsterdam financial markets using stock prices recorded in each market over the period 1723-94 in conjunction with tests for common trends, cycles, and regime...

DYNAMIC EFFECTS OF FINANCIAL INTERMEDIATION OVER THE BUSINESS CYCLE.
January 1, 2000... PING WANG [*] This paper provides a empirical evidence that the financial intermediation disturbances can generate business cycles. We examine three countries whose financial sectors are fully developed but quite distinct in their...

THE LEVEL AND UNCERTAINTY OF INFLATION: RESULTS FROM OECD FORECASTS.
January 1, 2000... BRYCE E. KANAGO [*] There is considerable evidence that inflation variability and the level of inflation are positively related across countries. Evidence of a within-county relation is mixed. Evidence for a significant positive relation...

SPATIAL COMPETITION WITH THREE FIRMS: AN EXPERIMENTAL STUDY.
January 1, 2000... KATERINA SHERSTYUK [*] This article reports the results of an experimental study of the three firm location problem. We compare the subjects' behavior in the experiments with the symmetric mixed strategy Nash equilibrium calculated by...

CHILDREN'S ALTRUISM IN PUBLIC GOOD AND DICTATOR EXPERIMENTS.
January 1, 2000... KATE KRAUSE [*] We examine the development of altruistic and free-riding behavior in 6-12-year-old children. We find that the level of altruistic behavior in children is similar to that of adults but that repetition has a different effect....

RELATING LABOR PRODUCTIVITY TO WAGES IN SERVICE SECTORS: A LONG-RUN APPROACH.
January 1, 2000... JEFF HUTHER [*] This article introduces a systematic approach to the study of unbalanced productivity growth that can be readily applied across any sectors with unbalanced productivity growth. This approach is based on a cointegrating...

JOB QUEUES, DISCRIMINATION, AND AFFIRMATIVE ACTION.
January 1, 2000... JAMES R. FAIN [*] If employers have different Becker-type discrimination coefficients for different demographic groups, then the implementation of affirmative action may have a differential impact on those groups. We estimate two vector...

LOAN PERFORMANCE AND RACE.
January 1, 2000... R. CARTER HILL [*] Recent studies find evidence of racial discrimination in mortgage markets. Although these studies explore loan approval rates for whites versus minorities, they do not specifically consider loan performance, either in...

THE EFFECTS OF SMOKING LAWS ON SEATING ALLOCATIONS OF RESTAURANTS, BARS, AND TAVERNS.
January 1, 2000... MICHAEL L. MARLOW [*] Supporters of smoking laws often argue that they do not harm restaurants, bars, and taverns and may even raise their profits. Opponents argue that owners cater to customer preferences regarding smoking and that laws...