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...
The return of large government budget deficits should encourage us to resume analysis of their effects. Two topics deserving further attention are the importance of correctly modeling the form of intergenerational relationships and clarification of the extent to which deficits...
Many researchers have used a cointegration approach to test for the Fisher effect. This note argues that the cointegration of the nominal interest rate and the inflation rate is consistent with any theory implying a stationary real interest rate and...
In June 2005, the Supreme Court made one of its least popular decisions in recent history. In Kelo v. New London, the Court missed a simple point: that local decision makers make local decisions.
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...
I study the effect of zoning on segregation in Austin, Texas. I use municipal data on zoning for each address in Austin, and census data on demographics. I find that a one standard deviation increase in single-family zoning in a...
This paper presents structural estimates of the probability of validity, and the probability of Type I and Type II errors by courts in patent litigation. Patents are modeled as uncertain property rights, and implications of the model are tested using...
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...
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...
Basketball is considered a revenue sport within the context of the National Collegiate Athletic Association (NCAA). The annual March Madness tournament brings in over a billion dollars in advertising revenue alone. This is just one illustration of the influx of...
In this paper we argue that modeling the cross-country distribution of per capita income as a mixture distribution provides a natural framework for the detection of convergence clubs. The framework yields tests for the number of component distributions that are...
Arbitrage positions that benefit from the reversion of closed-end fund discounts to rational levels show excess returns that increase in magnitude the more funds are mispriced. At the same time, fund trading volumes and bid-ask spreads more than double as...
The behavior of US closed-end funds is very different from that of the UK funds studied by Gemmill and Thomas (2002). There is no evidence that their discounts are constrained by arbitrage barriers, no evidence that higher expenses increase discounts...
Constant returns to scale, always a simplifying assumption, is often also much more: many important results depend critically on the very special properties of this class of production function. This paper provides a unified set of simple proofs for most...
Implicit contract models of labor market equilibrium under work sharing and layoffs are constructed to examine several common explanations for the observed market bias in favor of layoffs. We first establish the optimality of work sharing in the absence of...
Finding ways to increase the effectiveness of early childhood education has been a big concern for many educators and policymakers. In an attempt to solve this problem, they are faced with a dilemma of whether to concentrate on parent or...
Here you will find digitized archival collections, oral histories, and more. We are continually expanding the collections and improving access. You may find additional digital resources that reside outside the digital library here, and a selection of Online Exhibitions here.
Collections Overview
The Archives & Special Collections Library is part of the Vassar College Libraries system. It holds the rare book, manuscript, and archival collections of the college. It collects, preserves, and makes available rare and unique collections, and also engages in teaching and outreach activities. This collection of finding aids describe items in both the Virginia B. Smith Memorial Manuscript Collection and the College Archives.
The Vassar College herbarium holds over 8,000 specimens of vascular plants, bryophytes, and algae. Holdings are primarily from northeastern North America, and include collections made by several notable 19th century botanists. To learn more about this project visit the website here.
Vassar College's institutional repository reflects the research and scholarly output of the Vassar College community. It provides access to senior theses, peer reviewed open access articles, and projects from a wide range of disciplines.