Working Paper

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...

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...

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and introduced a systematic methodology to identify such clusters, their technique and results were based on the now-outdated Standard Industrial Classification (SIC) system for categorizing industries.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...

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...

This is a theoretical and empirical exploration into the motivation of volunteer firefighters. After a brief discussion of methodology, the activities in which these volunteers engage are described and a theoretical model of volunteer motivation is presented. The central hypothesis...

This paper develops a model to test whether World Bank lending caters to U.S. interests. We use country-level panel data to examine the geographic distribution of World Bank lending to 110 countries from 1968 to 2002. After controlling for country...

One of the policy reforms promoted by the World Bank in recent decades is to reduce the often burdensome level of regulation by developing country governments and thus promote a reorientation from highly regulated and centrally controlled to deregulated and...

This paper explores the relevance of the principal-agent model for analyzing development projects using data from World Bank-funded projects. After demonstrating that World Bank loan agreements can be viewed as principal-agent contracts, the paper explores the importance of the agency...

This paper presents empirical evidence on the extent to which zakat - a form of religiously-mandated charity under Islam - achieves its intended objective in Pakistan. Detailed income and expenditure data from Pakistan's Household Income and Expenditure Survey for 1987-88...