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Economics Department

Patent protection, creative destruction, and generic entry in pharmaceuticals: evidence from patent and pricing data

Publication Date
2005-October-28
Document Type
Authors
Department or Program
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Abstract

This paper merges patent citation data with data on pharmaceutical patent expirations, generic entry, and pricing to explore the effects of observable patent characteristics on off-patent and on-patnet pharmaceutical pricing. Using a sample of drug patents facing generic entry in...

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Political Regime and Corruption Control: Information Quality and an Optimal Mechanism

Publication Date
2015-January-01
Document Type
Authors
Department or Program
Document Type
Access Level
Abstract

Different political regimes have principals that possess different in- formation regarding agents' behavior. This paper studies how this difference affects the comparative efficiency of corruption control between a democratic regime and an authoritarian regime. We ob- serve that such comparative...

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Price collusion in an infinitely repeated Hotelling duopoly

Publication Date
1998-August-01
Document Type
Department or Program
Document Type
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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Private school choice and the returns to private schooling

Publication Date
1996-June-01
Document Type
Department or Program
Document Type
Abstract

This paper analyzes the magnitude of earnings differentials and differences in the rates of return to education for individuals who attended private and public high schools in the U.S. from 1976 to 1983, controlling for self-selection into school sector, as...

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Quesnay's Tableau Economique: An expository note

Publication Date
1991-September-01
Document Type
Department or Program
Document Type
Abstract

Francois Quesney's Tableau is reformulated as a two-sector linear system. Stationary state interclass exchanges are described by a sequential accounting Tableau of real and monetary holdings of each class at each step of the circulation process. A diagrammatic framework is...

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Reassessing the role of constituency in congressional voting

Publication Date
2000-August-01
Document Type
Department or Program
Document Type
Abstract

Poole and Rosenthal (1997) argue that most congressional voting can be understood in terms of a low-dimensional spatial model. This paper uses their model to assess the importance of the two mechanisms that could contribute to the vote-predicting power of...

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Ricardian equivalence survives strategic behavior

Publication Date
2004-October-01
Document Type
Department or Program
Document Type
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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Role of bank branch locations in minority lending

Publication Date
1998-March-01
Document Type
Department or Program
Document Type
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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Sentiment and the interpretation of news about fundamentals

Publication Date
2005-August-30
Document Type
Authors
Department or Program
Document Type
Abstract

The reaction of closed-end fund share prices to changes in portfolio values is on average the same whether funds are trading at discounts or premia and whether the changes in portfolio values are positive or negative. If closed-end fund discounts...

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Sex Work in Cyberspace: Geographies of Desire in Digital Frontiers of the United States

Publication Date
2015-January-01
Document Type
Department or Program
Document Type
Abstract

This project follows the shifting geography of erotic companionship and the changing demographics of women who take on this kind of work. From origins in mining towns, urban centers, and Las Vegas brothels to home-based, online performances for audiences across...

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Share-price reaction to supervisory goodwill litigation: The Cal Fed case

Publication Date
2000-February-01
Document Type
Department or Program
Document Type
Abstract

More than 100 savings and loans are currently involved in supervisory goodwill litigation against the federal government, with total claims approach fifty billion dollars. These claims arise from a provision in the 1989 Financial Institutions Reform Recovery and Enforcement Act...

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Short selling behavior when fundamentals are known: Evidence from NYSE closed-end funds

Publication Date
2006-January-11
Document Type
Authors
Department or Program
Document Type
Abstract

The larger a closed-end fund's premium over its portfolio value, the more intensely it is sold short. However, the intensity of short selling affects neither the rate at which premia mean revert to fundamental values nor the rate of return...

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Social capability and economic development

Publication Date
1996-November-01
Document Type
Department or Program
Document Type
Abstract

The conventional wisdom is that postwar economic growth has been unpredictable. In the 1960s few observers accurately forecast which countries would grow quickly. In this paper we show that indexes of social development constructed in the early 1960s have considerable...

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Social Networks and Social Welfare Disparities Among Sexual Minorities

Publication Date
2020-January-01
Document Type
Authors
Department or Program
Document Type
Abstract

Currently there is a deficit in economics literature on the labor market outcomes of sexual minorities. Previous studies have provided evidence that homosexual and bisexual individuals endure worse mental and physical health, and lesbian women excluded, face wage penalties associated...

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Sovereignty and NGOs

Publication Date
1998-May-12
Document Type
Department or Program
Document Type
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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Speed as Signifier: McDonald's as a Contested Space

Publication Date
2015-January-01
Document Type
Authors
Department or Program
Document Type
Access Level
Abstract

Those who control spaces are able to regulate what moves through them and the speed at which they do so; as such, space has a tendency of being reorganized in favor of those who move more quickly at greater expenditures...

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