American Economist articles from March 2002

American Economist archives from March 2002

Reflections on economic research and public policy John R. commons award lecture, 2002.(economic research paper)
March 22, 2002... An early draft of the bylaws of the American Economic Association states that economists who have attained a certain age are entitled to present papers that begin "Reflections on --." The exact age is unclear because the manuscript is faded,...

New directions in law and economics.(Brief Article)
March 22, 2002... Law and economics began at the University of Chicago with the pioneering work of Henry Simons in the tax area and Aaron Director on antitrust. Ronald Coase contributed "The Problem of Social Cost," sometimes said to be the most cited article in...

Rice, Salmon Or Sushi? Political competition for supply of a regulated input.(economic research)
March 22, 2002... The early work by Olson (1965) and Tullock (1967) on the political competition for economic rents has fostered a growing body of literature devoted to the study of pressure group influence on public policy. For example rent-seeking behavior,...

The shortage of registered nurses in monopsony: a new view from efficiency wage and job-hour models.
March 22, 2002... 1. Introduction One major explanation of the persistent shortage of registered nurses is that the markets for nurses in small towns are always monopsonistic. Since the marginal revenue product of workers is greater than their wage in...

A simple algebraic approach to teaching oligopoly models.
March 22, 2002... 1. Introduction Any undergraduate course in Intermediate Microeconomics or Industrial Organization devotes a considerable amount of time to discussing the Stackelberg model of oligopoly. In this paper I develop a simple algebraic model...

The Mundell-Fleming model revisted.(economics research)
March 22, 2002... I. Introduction As a result of awarding the 1999 Nobel Prize for Economics to Robert Mundell, one of his major contributions, the Mundell-Fleming model, has become a focus of attention. Because of the expansion in international trade and...

Quality, uncertainty and the internet: the market for cyber lemons *.(online services research)(Brief Article)
March 22, 2002... I. Introduction The Internet has opened the door to development of an enormous number of innovative markets that could not have existed as little as a decade ago. Some function to auction industrial purchasing contracts from business to...

Does the aggregate demand curve suffer from the fallacy of composition?(economics research)
March 22, 2002... Introduction The aggregate demand curve, the cornerstone of much macroeconomic analysis, poses both theoretical and pedagogical problems at the Principles of Economics level. This paper contends that these problems are due to the...

Economic development: survey of course outlines in North American universities.
March 22, 2002... The survey is undertaken in response to feedback received from readers on earlier surveys conducted by the author in different areas of economics. The present survey of economic development intends to enhance the quality of teaching and will...

Nickel and Dimed. (Book Review).
March 22, 2002... Nickel and Dimed. By Barbara Ehrenreich. New York: Metropolitan Books, 2001. Pp. 221. $23.00. The working poor are among several segments of the workforce that do not receive the attention that they deserve. Little statistical information...