Contemporary Economic Policy articles from April 2007

Contemporary Economic Policy archives from April 2007

Kidney transplants and the shortage of donors: is a market the answer?(Report)
April 1, 2007... I. INTRODUCTION As of September 10, 2004, there were 86,460 people on a waiting list to receive an organ. (1) The majority of these people, 59,625, were awaiting a kidney transplant. Between January 1995 and June 2004, over 52,000 people...

The effects of fiscal and monetary discipline on budgetary outcomes.(Report)
April 1, 2007... I. INTRODUCTION During the 1980s and prior to the establishment of the European Central Bank (ECB), macroeconomic performances have shown considerable variation in Europe (see Appendix I), as did the institutional structures. The...

Trigger-point mechanism and conditional commitment: implications for entry, collusion, and welfare.(Report)
April 1, 2007... I. INTRODUCTION In regulated industries, a key issue faced by the regulator is how to induce investment to increase social welfare. For example, a regulated firm (monopoly) can make a research and development investment to reduce its...

The provision of public inputs and foreign direct investment.(Report)
April 1, 2007... I. INTRODUCTION Foreign direct investment by multinational corporations has played a significant role in the success of developing nations that have grown into developed economies. Since the 1950s, Taiwan, South Korea, Hong Kong, and...

Effects of Chinese currency revaluation on world fiber markets.(Report)
April 1, 2007... With a view to establish and improve the socialist market economic system in China, enable the market to fully play its role in resource allocation as well as to put in place and further strengthen the managed floating exchange rate regime...

Exchange rate regimes and pass-through: evidence from the Turkish economy.
April 1, 2007... I. INTRODUCTION Understanding and quantifying the impact of exchange rate shocks on the domestic prices has always been of interest to both academicians and the central banks. The fact that in recent years most of the emerging market...

How knowledge affects payment to conserve an endangered bird.(Report)
April 1, 2007... I. INTRODUCTION The public's knowledge of birds and other wildlife is important because such knowledge has the potential to influence the public's support for conservation (Wilson and Tisdell, 2005). This includes both monetary and...

Ethnic enclaves and labor markets: an analysis of immigrant outcomes in California.(Report)
April 1, 2007... I. INTRODUCTION Immigration in large numbers is a fairly recent phenomenon that may be traced to the period after the industrial revolution. The first wave of immigration from the eighteenth century to the early twentieth century consisted...

Revenue, population, and competitive balance in Major League Baseball.(Report)
April 1, 2007... I. INTRODUCTION One common prediction in the literature on sports leagues is that market size will influence the distribution of wins. Both win-maximizing models of sports leagues and profit-maximizing models predict a positive impact of...

The effectiveness of minimum-wage increases in reducing poverty: past, present, and future.(Report)
April 1, 2007... I. INTRODUCTION Beginning with the passage of the federal minimum wage as part of the Fair Labor Standards Act (FLSA) of 1938, advocates of the minimum wage have emphasized its importance as an antipoverty tool. (1) The passage of the...

The welfare effects of pay-as-you-go retirement programs: the role of tax and benefit timing.(Report)
April 1, 2007... I. INTRODUCTION The study of two-period overlapping generation (OLG) models has yielded important insights into the welfare effects of pay-as-you-go retirement programs in dynamically efficient economies. A pay-as-you-go program offers...