Vassar College Digital Library

Institutional Repository

Vassar College's institutional repository reflects the research and scholarly output of the Vassar College community.  It provides access to many collections, including a variety of senior theses and projects from disciplines ranging from American Culture to Urban Studies. 

In early 2022 Vassar College Libraries moved the institutional repository from Digital Window to the Vassar College Digital Library. This new method of access is a work in progress and will be officially launched in June 2022. The original Digital Window will remain accessible through July 1, 2022. 

Aid and sovereignty

Publication Date
1998-August-24
Document Type
Department or Program
Abstract

To achieve humanitarian objectives, international development assistance must be structured to insure its effectiveness. The resulting conditionality, however, raises sovereignty concerns as attempts to promote effectiveness may conflict with respect for recipient state sovereignty and indirectly violate individuals' right to...

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Convergence among the U.S. states: Absolute, conditional, or club?

Publication Date
2003-October-01
Document Type
Department or Program
Abstract

This paper attempts to ascertain which of the convergence hypotheses – absolute, conditional, or club – best describes the economic development of the U.S. states since 1950. We use regression tree analysis to identify convergence clubs among the states and...

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Foreign aid and domestic politics: Voting in congress and the allocation of USAID contracts across congressional districts

Publication Date
1998-June-01
Document Type
Department or Program
Abstract

This paper investigates the relationship between congressional support for foreign aid and the distribution of USAID contract spending across congressional districts within the United States. The extent to which such a relationship matters has become increasingly important in recent years...

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Limited arbitrage, segmentation, and investor heterogeneity: Why the law of one price so often fails

Publication Date
2003-August-28
Document Type
Authors
Department or Program
Abstract

There are numerous examples of assets with identical payout streams being priced differently. These violations of the law of one price result from two factors. First, investors have heterogeneous asset valuations so that if two groups of investors trade in...

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Limited arbitrage, segmentation, and investor heterogeneity: Why the law of one price so often fails

Publication Date
2003-August-28
Document Type
Department or Program
Abstract

There are numerous examples of assets with identical payout streams being priced differently. These violations of the law of one price result from two factors. First, investors have heterogeneous asset valuations so that if two groups of investors trade in...

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Price collusion in an infinitely repeated Hotelling duopoly

Publication Date
1998-August-01
Document Type
Authors
Department or Program
Abstract

This paper explores the effect product differentiation has on the ability of firms to collude in setting prices. It is often thought that product differentiation can be an impediment to collusion. However, the results in this paper suggest that product...

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Role of bank branch locations in minority lending

Publication Date
1998-March-01
Document Type
Authors
Department or Program
Abstract

Past studies on discrimination in home mortgage lending have focused on the loan approval process, yet results show that most of the variation in minority lending across banks is due to the variation in the volume of minority applications and...

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Sovereignty and NGOs

Publication Date
1998-May-12
Document Type
Department or Program
Abstract

Growing links between international governmental organizations and NGO/GROs in developing countries pose a moral dilemma as the promotion of effective development may conflict with respect for state sovereignty. This paper examines this dilemma and develops principles to balance the two...

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The option value of patent litigation: Theory and evidence

Publication Date
2003-December-01
Document Type
Authors
Department or Program
Abstract

In this paper I present a real options model of patent litigation when patents are not perfectly enforceable. I consider both finite horizon and infinite horizon models. The theoretical results demonstrate that patent value depends not only on the underlying...

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The portfolio allocation effects of investor sentiment about the ability of managers to beat the market

Publication Date
2003-February-03
Document Type
Department or Program
Abstract

I present a model that can transform discounts on closed-end mutual funds into a measure of investor sentiment about the ability of fund managers to beat the market. This measure of sentiment varies positively with capital flows into actively managed...

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