American Economist articles from March 2001

American Economist archives from March 2001

SOME ETHICAL AND METHODOLOGICAL CONVICTIONS.
March 22, 2001... E. Malinvaud [*] The essays published in this series are sorts of autobiographies by academic economists about their scientific motivations and their professional life. This will also be the case here. I shall make an honest attempt at...

EXPERIMENTS WITH FINANCIAL MARKETS: IMPLICATIONS FOR ASSET PRICING THEORY.
March 22, 2001... Peter Bossaerts[*] Abstract This article surveys financial markets experiments from a particular vantage point, namely, asset pricing theory. The goal is to assess to what extent these experiments have (and could) shed light on the...

DEALERSHIP COMPETITION IN THE U.S. AUTOMOBILE INDUSTRY.
March 22, 2001... Lall B. Ramrattan [*] Abstract This paper develops a model of dealership rivalry for the U.S. auto industry in line with the research program of Joe Bain. In Bain's research, the literature depicts the auto. industry as a...

SAVING-INVESTMENT CONNECTION: EVIDENCE FROM THE ASEAN COUNTRIES.
March 22, 2001... Abstract The relationship between saving and investment has been sharply debated in the literature following the pioneering work of Feldstein and Horioka (1980). This paper extends this debate to the ASEAN countries by using cointegration...

COASE THEOREMS 1-2-3.
March 22, 2001... Joseph Felder [*] Abstract Develops a pedagogical model so simple and powerful that students practically discover the three Coase Theorems for themselves. Three Theorems? Yes. Theorem One: In the absence of transaction costs, the...

ESSAY VERSUS MULTIPLE CHOICE EXAMS; AN EXPERIMENT IN THE PRINCIPLES OF MACROECONOMICS COURSE.
March 22, 2001... Patrick B. O'Neill [*] ABSTRACT Examining the impact of test type in Principles of Macroeconomics via two-stage estimation of an education production function, I find that students do better on a post-course TUCE when they take...

LONG RUN AGGREGATE SUPPLY VERTICALITY: FACT OR FICTION?
March 22, 2001... John F. Walker [*] Harold G. Vatter [**] Abstract A presumed "long run" aggregate supply curve has become an accepted and widely incorporated construct in contemporary macroeconomics. Unfortunately, that theoretical model, with...

ECONOMISTS' PUBLICATION PATTERNS.
March 22, 2001... James E. Hartley [*] James W. Monks [*] Michael D. Robinson [***] Abstract The results presented in this paper give a comprehensive picture of the extent of publishing by economists. While it is obvious that the traditional...

DETERMINANTS OF VARIATIONS IN JOURNAL PUBLICATION RATES OF ECONOMISTS.
March 22, 2001... Debra Moore Patterson [*] Abstract We track a cohort of economists over a 16-year period following receipt of the Ph.D. Using a multivariate model, we assess the influence on publishing success before and after tenure of graduate...

THE GAUSS MARKOV THEOREM: A PEDAGOGICAL NOTE.
March 22, 2001... Ralph C. Allen [*] Jack H. Stone [**] Abstract When stating the Gauss-Markov theorem, undergraduate econometric textbooks generally imply that the ordinary least squares (OLS) estimator has minimum variance. However, the proof of...