American Economist articles from September 1995

American Economist archives from September 1995

Nicholas Georgescu-Roegen: 1906-1994, in memoriam. (economist)(Obituary)
September 22, 1995... Nicholas Georgescu-Roegen, one of the great but unorthodox economists, the founder of the theory of bioeconomics and one of the fathers of the environmental movement, died on October 30, 1994, in Nashville. He was 88 years old. Born in...

What makes my mind tick. (ideas of an economist)
September 22, 1995... Doubtless there are many purposes for editing a collection of one's essays, particularly when the span of time of their preparation covers more than 40 years. In the end perhaps the most obvious purpose is to describe what one did with those...

Principles of economics.
September 22, 1995... Most kinds of intellectual endeavor hold out the prospect of a particular satisfaction, that associated with expanding the possibilities for thinking about ourselves and the world in which we live. Economics is no exception. To be sure,...

Export performance and economic development: an empirical analysis.
September 22, 1995... The relationship between exports, economic growth and development, and the differences between export promotion and import-substitution industrialization have been a subject of much interest in the development literature. A consensus emerged...

Competitive balance in major league baseball.
September 22, 1995... I. Introduction A number of economists have previously addressed the issue of competitive balance in major league baseball, in particular, the effects of the reserve clause and free agency on competitive balance. While there is general...

An econometric model of alumni giving: a case study for a liberal arts college.
September 22, 1995... This econometric model of giving behavior will use the results from annual surveys on individual alumni in a case study based on the donations at a liberal arts college. By using pooled cross-section and time series data, we relate the size of...

On the competitive response to technological advance.
September 22, 1995... I. Introduction The behavior of the competitive firm in uncertain environments has been investigated in a number of studies. For instance, in the case where output price is uncertain, Sandmo (1971), Bata and Ullah (1974), and Hartman...

Should a lawyer be allowed in small claims court? Some empirical light.
September 22, 1995... Introduction Scholars in various disciplines have long commented on the litigiousness of American society which has resulted in a "litigation explosion." Cooter and Ulen (1988), summarizing the research on litigation rates, state that...

Choosing the sharing rate for incentive contracts.
September 22, 1995... 1. Introduction Contracts assign responsibilities and rewards to parties entering in contractual relationships. However, improperly (or incompletely) written contracts lead to well known adverse selection and/or moral hazard problems....

Twentieth century publication performance in five leading economics journals, a comment.
September 22, 1995... Introduction This paper explores publication performance since 1901 of 101 Ph.D.-awarding economics departments in the five journals which ranked highest in prestige (Hawkins et al., 1973). These include the American Economic Review,...

The real interest differential hypothesis, how did it fare in the 1980's?
September 22, 1995... Introduction Models of exchange rate determination have continually made a significant impact on the economic society with their theoretical abilities to predict variations of the sometimes highly volatile exchange rates. A predictive...

Baseball attendance and outcome uncertainty: a note.
September 22, 1995... Recent claims that spiralling players' salaries doom the demand for Major League Baseball (MLB) make studies like Knowles et al. (1992) especially timely and useful. By following the lead of past writers--most notably Quirk and El Hodiri...

Baseball attendance and outcome uncertainty: reply. (response to Ladd Kochman and Ravija Badarinathi in this issue, p. 87)
September 22, 1995... In their note, Kochman and Badarinathi concur with our paper's analysis, but find "the shortcoming . . . in its interpretation of the results."(1) The shortcoming is "the `slight' characterization used by the writers [which] must be based on...

A note on "An Economic Approach to Abortion Demand." (response to Donna S. Rothstein, The American Economist, vol. 36, no. 1, p. 53)
September 22, 1995... This note re-estimates Ms. Donna S. Rothstein's abortion demand model using a continuous abortion price variable instead of dummy variable. The results suggest that the abortion price and Medicaid funding have insignificant effects on demand...

21st Century Capitalism.
September 22, 1995... By Robert Heilbroner. New York: W. W. Norton & Company, 1993. Robert Heilbroner's 21st Century Capitalism is based on the Massey Lectures at Massey College. During the fall of 1992, the Canadian broadcasting Company and Massey College...