Economics Department

To better understand the strategic aspects of human decision-making, we conduct a power-to-take game in which takers are required to send messages explaining their actions to receivers. We vary the types and timing of information takers have available to them...

A model incorporating a discrete full-time/part-time/do not work labor choice and decomposing labor supply into its full-time and part-time components was used to examine the increase in labor supplied by nurses (the increase per nurse on average) over the 1977-88...

This study intends to determine some of the avenues through which parent income affects child income and if the public education system has the potential to increase income mobility and equalize economic opportunity. I find that the income elasticity between...

Using a sample of patents litigated between 1977 and 1997, I estimate stock market reactions to patent litigation decisions and to patent grants. I find that the resolution of uncertainty over validity and infringement is worth as much to the...

This chapter provides a selective review of the literature on trust and the law. We highlight the psychological and game theoretic mechanisms underpinning the role of trust in relationships with incomplete contracts. We also discuss evidence on whether behavioral trust...

For nearly half a century, the American government funded the "Tuskegee Study of Untreated Syphilis in the Negro Male." As the name suggests, this experiment abused black men from Alabama and required medical professionals to withhold care from the test...

A behavioral model is developed to explain the magnitude of surplus and the division of surplus into unproductive and profit for oligopoly firms in the manufacturing sector of advanced capitalist economies. Particular attention is focused upon the determinants of interfirm...

Whereas FESER and BERGMAN, 2000, developed the concept of national-level cluster templates and introduced a systematic methodology to identify such clusters, their technique and results were based on the now-outdated Standard Industrial Classification (SIC) system for categorizing industries. We update...

This research compares the personal, household, and professional characteristics volunteer emergency medical service (EMS) providers in Ulster County, NY with those of the general population of this rural upstate county, using a survey instrument implemented by the author in conjunction...

This article explores the multifaceted relationship between volunteer fire companies and their communities by examining a broad range of socioeconomic characteristics of volunteer fire fighters and general residents in rural New York State. The two data sets are generated by...

Using a unique set of publicly-traded litigation certificates, we measure the wealth effects of (largely) unanticipated damage awards in the ongoing supervisory goodwill litigation between thrifts and the federal government. Estimating abnormal returns for portfolios of litigation certificates and retained...

Page, Arizona is home to the Navajo Generating Station, a coal-fired power plant that provides the power for the Central Arizona Project (CAP) and other consumers of electricity in the Southwest. Though the plant is not owned by the Navajo...

This paper explores the economic and social effects of the casino industry in Singapore and aims to tell whether the casinos had a positive or negative impact on total Singapore welfare. It uses data collected from Singapore Department of Statistics...

This paper explores the economic and social effects of the casino industry in Singapore and aims to tell whether the casinos had a positive or negative impact on total Singapore welfare. It uses data collected from Singapore Department of Statistics...

This paper explores the economic and social effects of the casino industry in Singapore and aims to tell whether the casinos had a positive or negative impact on total Singapore welfare. It uses data collected from Singapore Department of Statistics...

This paper argues that the degree to which a given industry's labor contracts are complete or incomplete is the major factor determining whether its workforce will be unionized. For instance, assembly line industries feature complete labor contracts because of the...