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Economics Scholarly Works: Recent submissions
Now showing items 141-160 of 185
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The Non-Neutrality of Debt in Investment Timing: A New NPV Rule
(Springer Verlag, 2005)Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur’s option value, even after compensating a lender for expected default losses. This non-neutrality of debt ... -
Alternative Estimates of the Effect of Schooling on Earnings
(Massachusetts Institute of Technology Press, 2000-02)This paper examines how assumptions imposed on the data influence estimates of schooling’s effect on earnings. The paper models schooling decisions as treatment effects and imposes assumptions about schooling selection to ... -
Gender Issues Among Academic AMS Members: Comparisons with the 1993 Membership Survey
(American Meteorological Society, 2009-08) -
An Interview with James J. Heckman
(Macroeconomic Dynamics, 2010-06) -
Strong Comparative Statics of Equilibria
(Elsevier, 2003-02)Some results in the monotone comparative statics literature tell us that if a parameter increases, some old equilibria are smaller than some new equilibria. We give a sufficient condition such that at a new parameter value ... -
On the (Non-)Lattice Structure of the Equilibrium Set in Games with Strategic Substitutes
(Springer-Verlag, 2008)This paper studies models where the optimal response functions under consideration are not increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic ... -
What Drives Default and Prepayment on Subprime Auto Loans?
(Springer-Verlag, 2004)This paper uses novel data on the performance of loan pools underlying asset backed securities to estimate a competing risks model of default and prepayment on subprime automobile loans. We find that prepayment rates ... -
When Worlds Collide: Different Comparative Static Predictions of Continuous and Discrete Agent Models with Land
(Elsevier, 2008)This paper presents a difference in the comparative statics of general equilibrium models with land when there are finitely many agents, and when there is a continuum of agents. Restricting attention to quasi-linear and ... -
Value Maximization as an Ex-Post Consistent Firm Objective When Markets are Incomplete
(Walter de Gruyter, 2007)In competitive economies with private firm ownership, incomplete markets, and firm shareholders changing over time, several firm objectives have been proposed. Some are useful to understand efficiency of equilibria, and ... -
Competitive Equilibria With Incomplete Markets and Endogenous Bankruptcy
(Walter de Gruyter, 2003)This paper constructs a model of an exchange economy in which bankruptcy arises in a manner similar to what we observe. Compared to related models, this model is a more realistic representation of some markets in which ... -
Does the Beige Book Move Financial Markets?
(Southern Economic Association, 2005-07)About two weeks prior to each Federal Open Market Committee (FOMC) meeting, the Federal Reserve releases a description of economic activity in a document called the Beige Book. By creating a quantitative index of these ... -
How Heavy? Assessing the Burden of Taxation in Kansas
(Policy Research Institute, The University of Kansas, 2004) -
The Costs and Benefits of Growth: Lawrence, Kansas, 1990-2003
(Policy Research Institute, The University of Kansas, 2005)Since 1990 employment in the city of Lawrence, Kansas has grown by 34 percent, nearly three times as fast as the state as a whole. Such rapid growth both creates economic benefits for residents and increases the cost of ... -
Consumer Demand for Digital Video Products
(Policy Research Institute, The University of Kansas, 2001) -
Thinking About the Future: Education and Training Needs for the Workforce of the Future
(Policy Research Institute, The University of Kansas, 2002) -
Looking for Work, Searching for Workers: U.S. Labor Markets after the Civil War
(Duke University Press, 1994) -
The Extent of the Labor market in the United States, 1870-1914
(Duke University Press, 1998) -
Anglo American Technological Differences in Small Arms Manufacturing
(MIT Press, 1993) -
Is Wage Rate Dispersion a Good Index of Labor Market Integration? A Comment on Rothenberg
(Cambridge University Press, 1989-03)