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"...

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...

Cigarette taxation is a topic which economists have focused on for years. Thepurpose of the cigarette tax is to force individuals who engage in risky activities to payfor the negative externalities caused by said activities. In the case of cigarette smoking,the notion has been that society as a...

In general, an individual commands a salary in return for their contribution to the production process at their place of employment. In the case of a quarterback for a National Football League team, the salary he commands depends on how much the team's owner expects him to contribute to the team...

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...

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...

Several stales have incorporated into the education aid formula ad hoc adjustments for differences in the supply prices of education inputs across school districts. Urban school districts often receive additional stale education aid per pupil based on the belief that such districts face...

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...