Economic Inquiry articles from October 1999

Economic Inquiry archives from October 1999

Wage differentials across labor markets and workers: does cost of living matter?
October 1, 1999... I. INTRODUCTION An implication from economic theory is that utility gained from labor services should tend toward equality across competitive labor markets among similar workers. Many studies have examined the dispersion in wage rates...

The cost-per-life-saved cutoff for safety-enhancing regulations.
October 1, 1999... I. INTRODUCTION Economic studies of the value of life have focused primarily on individuals' risk-money tradeoffs for preventing death. Use of these willingness to pay measures in conjunction with benefit-cost analysis has, however, been...

The value of the vote: a model and test of the effects of turnout on distributive policy.
October 1, 1999... The most plausible assumption is that if certain groups or classes of citizens habitually do not vote their interest will be neglected in the actions and policies of governments (Key [1950, 506]). I. INTRODUCTION This article...

An experimental investigation of research tournaments.
October 1, 1999... I. INTRODUCTION Research tournaments have played an important role in the economic growth of nations since the earliest stages of the Industrial Revolution. For example, the golden age of steam locomotion was spawned by a research...

A test of competing explanations of compensation demanded.
October 1, 1999... I. INTRODUCTION The disparity between willingness to accept, also known as compensation demanded, and willingness to pay is one of the most widely studied and robust experimental findings.(1) A typical experiment consists of the following:...

The dynamic effects of U.S. food aid.
October 1, 1999... I. INTRODUCTION The effects of United States food aid on recipient country agriculture have been heatedly debated for years. Does food aid depress producer incentives, thereby retarding output growth? Does it substitute for food that would...

Product substitutability and competition in long-distance telecommunications.
October 1, 1999... I. INTRODUCTION The growing availability of detailed firm-level data and advances in econometric techniques have led to the estimation of industry structural parameters in order to evaluate proposed policy changes (Hausman, Leonard, and...

Competition and productivity growth: the case of the U.S. telephone industry.
October 1, 1999... I. INTRODUCTION There are few empirical studies on the relative performance of firms in competitive and monopolistic markets. This contrasts with the large body of literature that compares the performance of privately owned and...

Liquidity constraints with endogenous income.
October 1, 1999... I. INTRODUCTION The existence of liquidity constraints remains a significant issue within intertemporal models of household choice. As Hayashi [1985b], Cox and Jappelli [1993], and other studies detail, the notion that consumers may be...

Research productivity of the economics profession in East Asia.
October 1, 1999... I. INTRODUCTION Research productivity is often ranked for economics departments based on page counts of journal publications (for example, Graves, Marchand, and Thompson [1982]), while others rate the departments by the number of citations...