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. 

Asset depletion among the poor: Does gender matter? The case of urban households in Thailand

Publication Date
2004-July-01
Document Type
Department or Program
Abstract

The paper analytically and empirically examines the issue of gender inequality in household wealth in the form of tangible assets among urban poor households Thailand. It seeks to answer the following questions: (1) is there a gendered pattern of asset...

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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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Growth econometrics

Publication Date
2004-October-22
Document Type
Department or Program
Abstract

This paper provides a survey and synthesis of econometric tools that have been employed to study economic growth. While these tools range across a variety of statistical methods, they are united in the common goals of first, identifying interesting contemporaneous...

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Integrity, shame and self-rationalization

Publication Date
2004-February-01
Document Type
Authors
Department or Program
Abstract

In orthodox economics, honesty or integrity is treated as either part of the constraint function or the objective function. This is at the origin of the statement, "every man has his price." However, if integrity has a price, why do...

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Labor market informalization and social policy: distributional links and the case of homebased workers

Publication Date
2004-August-01
Document Type
Department or Program
Abstract

This paper is based on the notion that the nature of current labor market informalization requires rethinking in order to guide action and formulate social policies for eliminating poverty and reducing economic inequality and job insecurity. It explores conceptually and...

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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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Ricardian equivalence survives strategic behavior

Publication Date
2004-October-01
Document Type
Department or Program
Abstract

Robert Barro (1974) showed government debt has no real effects when generations are linked by altruistically motivated intergenerational transfers, a result now known widely as the Ricardian Equivalence Theorem.
An important condition for debt neutrality is believed to be the...

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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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