Contemporary Economic Policy articles from April 2002

Contemporary Economic Policy archives from April 2002

The end of conscription in Europe?
April 1, 2002... ZACHARY SELDEN (*) I. INTRODUCTION Militaries across Europe are downsizing, and some are eliminating conscription in favor of all-volunteer forces (AVFs). The transition is often bumpy and at times has been opposed by the military...

The army officer corps in the all-volunteer force.
April 1, 2002... MICHAEL J. MEESE (*) 1. INTRODUCTION The creation of the all-volunteer force (AVF) was one of the most difficult peacetime changes that the American military has ever conducted, and its successful implementation has been essential to...

Women and minorities in America's volunteer military.
April 1, 2002... CURTIS L. GILROY (*) I. INTRODUCTION Economists contributed significantly to the debate about the efficacy of an all-volunteer force (AVF) as Oi (1967a, 1967b), Hansen and Weisbrod (1967), and Altman and Fechter (1967) pioneered the...

Consumers' inflation expectations and monetary policy in Europe.
April 1, 2002... JAN MARC BERK (*) I. INTRODUCTION The credibility of a central bank is probably the single most important factor determining whether the pursuit of an anti-inflation policy is associated with significant output and employment losses....

The demand for vanity (plates): Elasticities, net revenue maximization, and deadweight loss.
April 1, 2002... ERIK D. CRAFT (*) I. INTRODUCTION Each state is a monopolist in the production of personalized license plates, otherwise known as vanity license plates. (1) State policymakers, therefore, must answer the same questions when setting the...

Rethinking restrictions on player mobility in Major League Baseball.
April 1, 2002... JOEL G. MAXCY (*) I. INTRODUCTION The filthy rich (owners) share an unlikely alliance with the proletariat--the players' union--which remains absolutist in its position that no limits should be placed on a player's right to...

The effects of secondary school quality on the distribution of earnings.
April 1, 2002... DAVID P. SIMS (*) I. INTRODUCTION AND OVERVIEW The link between measures of school quality and students' educational and labor market outcomes has been a source of much debate among education researchers and is central to the ongoing...

Money, who needs it? Natural resource damage assessment.
April 1, 2002... I. INTRODUCTION Several authors (Mazzotta et al., 1994; Unsworth and Bishop, 1994; Jones and Pease, 1997; Unsworth et al., 1999) have discussed or suggested a shift of emphasis in natural resource damage assessment away from the monetary...

A cost-benefit analysis of enlarging the Japanese judicial system.
April 1, 2002... TOMIO KINOSHITA (*) I. INTRODUCTION This article presents a cost-benefit analysis of enlarging the Japanese judicial system. It is widely known that the Japanese judicial system is very small. Compared with its gross domestic product...

Accrual budgeting and fiscal consolidation in the EMU.(European Monetary Union)
April 1, 2002... F. JAVIER SALINAS (*) 1. INTRODUCTION The purpose of this article is to call attention to the important role that reforms in current national budgetary procedures play in ensuring that the fiscal consolidation undertaken in the EMU is...

Erratum statement.(Brief Article)(Correction Notice)
April 1, 2002... In the October 2001 issue, the following disclaimer was omitted for the article "Valuing Reduced Risks to Children: The Case of Bicycle Safety Helmets" by Robin R. Jenkins, Nicole Owens, and Lanelle Bembenek Wiggins (Contemporary Economic...