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Now showing items 34-53 of 415
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(University of Oregon, Dept. of Economics, 2003-06-10)We develop a Ramsey type model of economic growth in which the "Engine of Growth" is public capital accumulation. Public capital is a public good, and is financed by taxes on private output. The government may either use ...
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(University of Oregon, Dept of Economics, 2005-03-01)Several empirical studies have found a negative relationship between corruption and the decentralization of the powers to tax and spend. In this paper we explain this phenomenon using a model of Yardstick Competition. ...
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(University of Oregon, Dept. of Economics, 2003-01-01)Distortions in private investment due to credit frictions, and in public investment due to corruption and bureaucratic inefficiencies, have both been suggested as important factors in accounting for the cross-country per ...
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(University of Oregon, Dept of Economics, 2004-09-01)The paper analyzes the choice of an exchange rate regime for a small open economy indebted in foreign currency, incorporating the ¯nancial accelerator. Conventional wisdom suggests that floating regimes should insulate the ...
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(University of Oregon, Dept of Economics, 2008-04-01)In this paper we combine Acemoglu's model of the economic origins of democracy with Lohmann's model of political mass protest. This alllows us to provide an analysis of the economic causes of political regime change ...
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(University of Oregon, Dept. of Economics, 2002-06-14)Determining the productivity of individual workers engaged in team production is difficult. Monitoring expenses may be high, or the observable output of the entire team may be some single product. One way to collect ...
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(University of Oregon, Dept. of Economics, 2003-11-01)We introduce monitored bank loans and non-monitored tradeable securities as sources of external finance for firms in a dynamic general equilibrium model. Due to frictions arising from moral hazard, access to credit and ...
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(University of Oregon, Dept of Economics, 2008-10)We show in a theoretical model that benefits of allocating additional attention to evaluating the marginal attribute with in choice set depend upon the expected utility loss from making a suboptimal choice as a result ...
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(University of Oregon, Dept. of Economics, 2003-07-01)Failure to allow for directional heterogeneity can obscure otherwise statistically significant distance effects in hedonic property value models. If ambient pollution data are unavailable, researchers often rely upon ...
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(University of Oregon, Dept. of Economics, 2001-06-01)We explore the impact of bilateral tax treaties on foreign direct investment using data from OECD countries over the period 1982-1992. We find that recent treaty formation does not promote new investment, contrary to the ...
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(University of Oregon, Dept of Economics, 2010-08-04)This paper considers the Ricardian Equivalence proposition when expectations are not rational and are instead formed using adaptive learning rules. We show that Ricardian Equivalence continues to hold provided suitable ...
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(University of Oregon, Dept. of Economics, 2001-07-01)Antidumping (AD) duties are calculated as the difference between the foreign firm’s product price in the export market and some definition of "normal" or "fair" value, often the foreign firm’s product price in its own ...
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(University of Oregon, Dept of Economics, 2003-06-23)We introduce the E-correspondence principle for stochastic dynamic expectations models as a tool for comparative dynamics analysis. The principle is applicable to equilibria that are stable under least squares and closely ...
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(University of Oregon, Dept of Economics, 2005-09-15)This paper explores from a new perspective the forward premium puzzle, i.e., why a regression of the change in the future spot exchange rate on the forward premium paradoxically yields a coefficient that is frequently ...
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(University of Oregon, Dept. of Economics, 2001-06-01)This paper describes some simple economic experiments that can be done using children as subjects. We argue that by conducting experiments on children economists can gain insight into the origins of preferences, the ...
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(University of Oregon, Dept. of Economics, 2003-06-10)We examine the effect on inequality of increasing one income, and show that for two wide classes of indices a benchmark income level or position exists, dividing upper from lower incomes, such that if a lower income is ...
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(University of Oregon, Dept. of Economics, 2001-01-01)The effects of bilateral tax treaties on FDI activity have been unexplored, despite significant ongoing activities by countries to negotiate and ratify these treaties. This paper estimates the impact of bilateral tax ...
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(University of Oregon, Dept. of Economics, 2003-01-01)Longstanding debate over the appropriate social discount rate for public projects stems from our lack of knowledge about how individual discount rates vary across people and across choice contexts. Using a sample of roughly ...
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(University of Oregon, Dept. of Economics, 2004-03)We develop a structural option price model in which individuals choose among competing risk-mitigating programs to alter their probability of experiencing future years in various degraded health states. The novel aspects ...
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(University of Oregon, Dept of Economics, 2005-01-15)This note explores the insidious empirical trap posed by two common equality restrictions in regression analysis. The trap is that restricted coefficients can lie outside the interval of unrestricted coefficients and even ...
Now showing items 34-53 of 415