Volunteer Labor Supply and Liability of VolunteersTerry W. Judd(ABSTRACT)This paper examines factors affecting volunteer labor supply with two specific goals: (1) a reassessment of the model and empirical process outlined by Paul Menchik and Burton Weisbrod using a larger data set from a more...

Do Oil Companies acquire Alternative Energy Patents to limit Technological Innovation, in order to maintain Economic Advantage in Fossil FuelsbyGeorge G. SimsRoger N. Waud, ChairmanEconomics(Abstract)This paper addresses the charge made by environmental groups that oil companies, since the...

The demand for consumer credit is an area of economics that is of great interest to those in the lending community. While much research has been performed on this topic in the financial industry, the findings have been very closely guarded for competitive reasons. In this study, reduced form...

Economies of Scale in International Liner Shipping and OngoingIndustry Consolidation: An Application of Stigler'sSurvivorship PrincipleKaren V. Gregory(ABSTRACT)The international liner shipping industry has been undergoing major structural changes caused by a number of factors. Liner companies...

This thesis tests the hypothesis that the qualities of different forecasts of exchange rate volatility depend on the underlying exchange rate regime. By examining the British pound during and after its withdrawal from the European Monetary System (EMS), this analysis compares "backward-looking"...

Stock market event studies are often used to estimate the impact of an unanticipated event on stock returns of a company. Traditionally, these analyses focus on developing estimates of abnormal returns attributed to the event or some measure of post-event loss in shareholder value. In 1989 Mark...

(Abstract)This paper uses a multi-factor Arbitrage Pricing model to measure the systematic risks of U.S. Foreign Direct Investments (FDI) in the largest emerging markets of Latin America: Argentina, Brazil, Chile, and Mexico. The Arbitrage Pricing Theory (APT) states that returns on investments...

Even if there were only a positively sloped tax rate-tax revenue relationship, or if a negatively sloped region were not in the relevant tax rate range, the existence of a lagged private sector response to tax rate change that exceeds the relevant time horizon for political decision makers is...

Physicians often continue toprescribe brand-name drugs to theirpatients even when less expensivegeneric equivalents are available. Ina 1994 study, Judith Hellersteinadvances two hypotheses to explainthis behavior. First, doctors mayconsciously conclude that certainbrand-name drugs impart a...