Now showing items 40-59 of 159

    • The E-Correspondence Principle 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (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 ...
    • Econometrics of the forward premium puzzle 

      Chakraborty, Avik, 1975-; Haynes, Stephen E., 1945- (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 ...
    • Economic Experiments That You Can Perform At Home On Your Children 

      Krause, Kate; Harbaugh, William (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 ...
    • The effect on inequality of changing one or two incomes 

      Lambert, Peter J.; Lanza, Giuseppe (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 ...
    • The Effects of Bilateral Tax Treaties on U.S. FDI Activity 

      Blonigen, Bruce A. (Bruce Aloysius); Davies, Ronald B. (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 ...
    • Eliciting Individual-Specific Discount Rates 

      Cameron, Trudy Ann; Gerdes, Geoffrey R. (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 ...
    • An Empirical Model of Demand for Future Health States when Valuing Risk-Mitigating Programs 

      Cameron, Trudy Ann; DeShazo, J. R. (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 ...
    • The Empirical Trap of Sign Reversals with Equality Restrictions 

      Haynes, Stephen E., 1945- (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 ...
    • Endogenous Lifetime and Economic Growth 

      Chakraborty, Shankha (University of Oregon, Dept. of Economics, 2002-01-26)
      Conventional wisdom attributes the severity of mortality in poorer countries to widespread poverty and inadequate living conditions. This paper considers the possibility that persistent poverty may arise, in turn, from a ...
    • The Equal Sacrifice Principle Revisited 

      Lambert, Peter J.; Naughton, Helen T. (Helen Tammela), 1976- (University of Oregon, Dept of Economics, 2006-06-01)
      What does an equal sacrifice tax look like in the case of a rank-dependent social welfare function? One's tax liability evidently becomes a function of one's income and one's position in the distribution in such a case, ...
    • Estimating the Impact of Time-Invariant Variables on FDI with Fixed Effects 

      Davies, Ronald B.; Ionascu, Delia; Kristjánsdóttir, Helga (University of Oregon, Dept of Economics, 2007-05)
      This paper applies the panel fixed effects with vector decomposition estimator to three FDI datasets to estimate the impact of time-invariant variables on FDI while including fixed effects. We find that the omission of ...
    • Estimating The Knowledge-Capital Model of the Multinational Enterprise: Comment 

      Blonigen, Bruce A. (Bruce Aloysius); Davies, Ronald B.; Head, Keith (University of Oregon, Dept. of Economics, 2002-03-01)
      No abstract was submitted.
    • Evidence of Environmental Migration: Housing values alone may not capture the full effects of local environmental disamenities 

      Cameron, Trudy Ann; McConnaha, Ian (University of Oregon, Dept of Economics, 2005-01-01)
      In hedonic property value models, economists typically assume that changing perceptions of environmental risk should be captured by changes in housing prices. However, for long-lived environmental problems, we find that ...
    • Exchange Rate Regime Choice and Country Characteristics: an Empirical Investigation into the Role of Openness 

      Magud, Nicolas (University of Oregon, Dept of Economics, 2004-10-20)
      In choosing an exchange rate regime for a small open economy, the common wisdom (Friedman (1953), Meade (1950)) calls for a °oating regime to outperform a peg because of the ability of the former to cope with relative price ...
    • Existence of Adaptively Stable Sunspot Equilibria near an Indeterminate Steady State 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2002-04-06)
      We examine the nonlinear model x_t = E_t F(x_(t+1)). Markov SSEs exist near an indeterminate steady state, hat(x)=F(hat(x)), provided |F'(hat(x)| > 1. Despite the importance of indeterminancy in macroeconomics, earlier ...
    • Expectational Stability of Stationary Sunspot Equilibria in a Forward-looking Linear Model 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2002-01-14)
      We consider the stability under adaptive learning of the complete set of solutions to the model x_i=beta(Ei*)(x_i+1) when |beat| >1. In addition to the fundamentals solution, the literature describes both finite-state ...
    • Expectations and the Stability Problem for Optimal Monetary Policies 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2001-08-03)
      A fundamentals based monetary policy rule, which would be the optimal monetary policy without commitment when private agents have perfectly rational expectations, is unstable if in fact these agents follow standard adaptive ...
    • Expectations, Deflation Traps and Macroeconomic Policy 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept of Economics, 2009-07-06)
      We examine global economic dynamics under infinite-horizon learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. As in Evans, Guse and Honkapohja (2008), we find that under ...
    • An Experimental Test of Criminal Behavior Among Juveniles and Young Adults 

      Visser, Michael Scott, 1976-; Harbaugh, William; Mocan, H. Naci (University of Oregon, Dept of Economics, 2006-08)
      We report results from economic experiments that provide a direct test of the hypothesis that criminal behavior responds rationally to changes in the possible rewards and in the probability and severity of punishment. ...
    • Fix your attitude: Labor-market consequences of poor attitude and low self-esteem in youth 

      Waddell, Glen R. (University of Oregon, Dept of Economics, 2003-09)
      Using longitudinal data on a cohort of high-school graduates, I show that individuals who reveal poor attitudes and low self-esteem as high-school students attain fewer years of post-secondary education relative to their ...