The article examines the impact on litigation behavior of a basic feature of tort reform - replacement of the standard of contributory negligence with comparative negligence. We focus on the differential impact of the two negligence standards on incentives to hire attorneys and litigate claims....

This paper explores how advance notice of layoffs, recall (rehiring) expectations, and unemployment insurance (UI) benefits affected on-the-job search among a random sample of Arizona UI recipients in 1975-76. The analysis, which includes extensive controls for the characteristics of workers and...

This paper explores how advance notice of layoffs, recall (rehiring) expectations, and unemployment insurance (UI) benefits affected on-the-job search among a random sample of Arizona UI recipients in 1975–76. The analysis, which includes extensive controls for the characteristics of...

This paper takes an additional step toward analyzing the demand for insurance in the context of a portfolio model. An investor is endowed with a portfolio containing a risky and riskless asset that can be augmented by purchasing insurance. Here, insurance is paid for by reducing the quantity of...

A model-based approach to the forecasting of short-range product demand within the semiconductor industry is presented. Device-level forecast models are developed via a novel two-stage stochastic algorithm that permits leading indicators to be optimally blended with smoothed estimates of...