This working paper series is a collection of pre-prints reflecting the current research by faculty and graduate students in the Department of Economics.

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Submissions from 2002

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A Dynamic Stochastic Frontier Production Model with Time-Varying Efficiency, Evangelia Desli, Subhash C. Ray, and Subal C. Kumbhakar

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Legislative Bargaining and Incremental Budgeting, Dhammika Dharmapala

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The Congressional Budget Process and the Aggregate Level of Spending, Dhammika Dharmapala

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Penalty Enhancement for Hate Crimes: An Economic Analysis, Dhammika Dharmapala and Nuno Garoupa

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Bilateral Accidents with Intrinsically Interdependent Costs of Precaution, Dhammika Dharmapala and Sandra A. Hoffmann

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Currency Depreciation and Korean Stock Market Performance during the Asian Financial Crisis, WenShwo Fang and Stephen M. Miller

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Dynamic Effects of Currency Depreciation on Stock Market Returns during the Asian Financial Crisis, WenShwo Fang and Stephen M. Miller

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Should Tort Damages Be Multiplied?, Keith N. Hylton and Thomas J. Miceli

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An 'Ideal' Deconposition of Industry Dynamics: An Application to the Nationwide and State Level U.S. Banking Industry, Yongil Jeon and Stephen M. Miller

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Bank Concentration and Performance, Yongil Jeon and Stephen M. Miller

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Explaining U.S. Commercial Bank Births, Deaths, and Marriages, Yongil Jeon and Stephen M. Miller

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Foreign and Domestic Bank Performances: An Ideal Decomposition of Industry Dynamics, Yongil Jeon and Stephen M. Miller

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Has Deregulation Affected Births, Deaths, and Marriages in the U.S. Commercial Banking Industry?, Yongil Jeon and Stephen M. Miller

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The Effect of the Asian Financial Crisis on the Performance of Korean Nationwide Banks, Yongil Jeon and Stephen M. Miller

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The Performance of Domestic and Foreign Banks: The Case of Korea and the Asian Financial Crisis, Yongil Jeon and Stephen M. Miller

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A Comparison of Two-Market Bertrand Duopoly and Two-Market Cournot Duopoly, Vicki Knoblauch

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Cognitive Comparative Advantage and the Organization of Work: Lessons from Herbert Simon's Vision of the Future, Richard N. Langlois

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Schumpeter and the Obsolescence of the Entrepreneur, Richard N. Langlois

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The Vanishing Hand: the Changing Dynamics of Industrial Capitalism, Richard N. Langlois

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A Note on Optimal Care by Wealth-Constrained Injurers, Thomas J. Miceli and Kathleen Segerson

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Should Victims of Exposure to a Toxic Substance Have an Independent Claim for Medical Monitoring?, Thomas J. Miceli and Kathleen Segerson

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Total Factor Productivity, Human Capital and Outward Orientation: Differences by Stage of Ddevelopment and Geographic Regions, Stephen M. Miller and Mukti P. Upadhyay

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Shirking and Motivation in Firms: Survey Evidence on Worker Attitudes, Lanse P. Minkler

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Lying, Integrity, and Cooperation, Lanse P. Minkler and Thomas J. Miceli

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Economic Growth, Longevity, and the Epidemiological Transition, Olivier F. Morand

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On the Existence and Characterization of Markovian Equilibrium in Models with Simple Non-Paternalistic Altruism, Olivier F. Morand and Kevin L. Reffett

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Now You See it, Now You Don't: Why Do Real Estate Agents Withhold Available Houses from Black Customers?, Jan Ondrich, Stephen Ross, and John Yinger

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Nonparametric Measures of Capacity Utilization: A Dual Approach, Subhash C. Ray

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Discrimination in Metropolitan Housing Markets: National Results from Phase 1 of the Housing Discrimination Study (HDS), Margery A. Turner, Stephen L. Ross, George C. Galster, and John Yinger

Submissions from 2001

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Monotone Methods for Distorted Economies, Manjira Datta, Leonard Mirman, Olivier F. Morand, and Kevin Reffett

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Official Dollarization in Latin America: Could it Work?, Paul Hallwood, Ian W. Marsh, and Jorg Scheibe

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Deregulation and Structural Change in the U.S. Commercial Banking Industry, Yongil Jeon and Stephen M. Miller

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Is Altruism Feasible? Interdependent Preferences Provide the Answer, Vicki Knoblauch

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Existence and Uniqueness of Equilibrium in Nonoptimal Unbounded Infinite Horizon Economies, Olivier F. Morand and Kevin L. Reffett

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Technical Efficiency of State Owned Enterprises in China (1980-1989): An Assessment of the Economic Reforms, Subhash C. Ray and Zhang Ping

Submissions from 2000

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Monetary Policy Delegation, Contract Costs, and Contract Targets, Georgios E. Chortareas and Stephen M. Miller

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Optimal Central Banker Contracts and Common Agency, Georgios E. Chortareas and Stephen M. Miller

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Transfer Pricing in the Decentralized Multinational Corporation, Peter C. Dawson and Stephen M. Miller

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Knowledge, Consumption, and Endogenous Growth, Richard N. Langlois

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Redlining, the Community Reinvestment Act, and Private Mortgage Insurance, Stephen M. Miller and Geoffrey M.B. Tootell

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The Long-Run Relationship between Money, Nominal GDP, and the Price Level in Venezuela: 1950 to 1996, Victor Olivo and Stephen M. Miller

Submissions from 1999

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A Model of Endogenous Union Density and Membership, Habib Ahmed and Stephen M. Miller

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Crowding-Out and Crowding-In Effects of the Components of Government Expenditure, Habib Ahmed and Stephen M. Miller

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The Level of Development and the Determinants of Productivity Growth, Habib Ahmed and Stephen M. Miller

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Modularity in Technology, Organization, and Society, Richard N. Langlois

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Technological Standards, Innovation, and Essential Facilities: Toward a Schumpeterian Post-Chicago Approach, Richard N. Langlois

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Strategy and Circumstance: the Response of American Firms to Japanese Competition in Semiconductors, 1980-1995, Richard N. Langlois and W. Edward Steinmueller

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The Relationship between Large Fiscal Adjustments and Short-Term Output Growth Under Alternative Fiscal Policy Regimes, Stephen M. Miller and Frank S. Russek

Submissions from 1998

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The Perception of Government Bonds and Money as Net Wealth: An Integrated Approach, Alpha C. Chiang and Stephen M. Miller

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On Job Rotation, Metin M. Cosgel and Thomas J. Miceli

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Organization Change and Vinification Cooperatives in France's Midi, Trevor C. Knox

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Competition and the Legal Environment: Intellectual Property Rights in the Early American Film Industry, Harold Scott Wallace

Submissions from 1997

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Monetary Policy in a Portfolio Balance Model with Endogenous Physical Capital, Habib Ahmed, Paul C. Hallwood, and Stephen M. Miller

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Productivity of a Commune: The Shakers, 1850-80, Metin M. Cosgel and John E. Murray

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The Economics of Incentive-Based Health Care Plans, Dennis Heffley and Thomas J. Miceli

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The Effects of Trade Orientation and Human Capital on Total Factor Productivity, Stephen M. Miller and Mukti P. Upadhyay

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The Problem with Utility: Towards a Non-Consequentialist / Utility Theory Synthesis, Alanson P. Minkler

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Preferences, cooperation, and Institutions, Alanson P. Minkler and Thomas J. Miceli

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Productivity and Market Integration in American Communal Dairying, 1830-1875, John E. Murray and Metin M. Cosgel

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Regional Specialization in Communal Agriculture: The Shakers, 1850- 1880, John E. Murray and Metin M. Cosgel

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Responding to Price Signals in Communal Agriculture: Shaker Hog Production, 1788-1850, John E. Murray and Metin M. Cosgel

Submissions from 1996

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Monetary and Exchange Rate Policy in Multisectorial Economies, Habib Ahmed and Stephen M. Miller

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Fundamental Determinants of Mexico's Exchange-Rate Crisis of 1994, Polly R. Allen

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Using Leading Indicators to Forecast US Home Sales in a Bayesian VAR Framework, Pami Dua, Stephen M. Miller, and David J. Smyth

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Schumpeter and Personal Capitalism, Richard N. Langlois

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The Coevolution of Technology and Organization in the Transition to the Factory System, Richard N. Langlois

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The Organization of Consumption, Richard N. Langlois and Metin M. Cosgel

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Capabilities and Governance the Rebirth of Production in the Theory of Economic Organization, Richard N. Langlois and Nicolai J. Foss

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Cognition, Redundancy, and Learning in Organizations, Richard N. Langlois and Pierre Garrouste

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Stop Crying over Spilt Knowledge: A Critical Look at the Theory of Spillovers and Technical Change, Richard N. Langlois and Paul L. Robertson

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Teaching Time Preference and Human Impatience: The Billionaire Game, Stephen M. Miller

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A Brief History of Affordable Housing Cooperatives in the United States, Gerald Sazama

Submissions from 1995

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Forecasting and Analyzing Economic Activity with Coincident and Leading Indexes: The Case of Connecticut, Pami Dua and Stephen M. Miller

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Transaction Costs, Production Costs, and the Passage of Time, Richard N. Langlois

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Explaining Recent Connecticut Bank Failures, Stephen M. Miller

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Knowledge and Meliorism in the Evolutionary Theory of F. A. Hayek, Mufil Sabooglu and Richard N. Langlois

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An Evaluation of Limited Equity Housing Cooperatives in the United States, Gerald Sazama and Roger Willcox

Submissions from 1994

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Bursting Boilers and the Federal Power Redux: The Evolution of Safety on the Western Rivers, Richard N. Langlois, David J. Denault, and Samson M. Kimenyi