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Rent Extraction through Alternative Forms of Competition in the Provision of Paternalistic Goods 通过提供家长式商品的替代竞争形式提取租金
ISRN Economics Pub Date : 2012-12-31 DOI: 10.5402/2012/703541
L. Levaggi, Rosella Levaggi
{"title":"Rent Extraction through Alternative Forms of Competition in the Provision of Paternalistic Goods","authors":"L. Levaggi, Rosella Levaggi","doi":"10.5402/2012/703541","DOIUrl":"https://doi.org/10.5402/2012/703541","url":null,"abstract":"We compare the properties in terms of rent extraction of spatial competition and monopoly franchises using Dutch first price auctions, two of the most widely used tools to regulate public service provision. In a framework where the regulator can imperfectly observe costs, but the latter are not necessarily private information to each competitor, spatial competition is more effective in extracting rent if providers are very different in their productivity and if they can observe the costs of their competitors. When they are quite similar and have limited information on the competitors' characteristics, the use of a monopoly franchise through an auction mechanism should be preferred. In the latter environment, a multiple object auction allows more rent to be extracted from the provider.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128126248","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Price Elasticities of Charitable Giving across Donation Sectors in Canada: Is the Tax Incentive Effective? 加拿大各捐赠行业慈善捐赠的价格弹性:税收激励是否有效?
ISRN Economics Pub Date : 2012-12-30 DOI: 10.5402/2012/421789
Belayet Hossain, Laura Lamb
{"title":"Price Elasticities of Charitable Giving across Donation Sectors in Canada: Is the Tax Incentive Effective?","authors":"Belayet Hossain, Laura Lamb","doi":"10.5402/2012/421789","DOIUrl":"https://doi.org/10.5402/2012/421789","url":null,"abstract":"The effectiveness of tax incentives on charitable donation expenditures in Canada is explored, and the analysis is extended to compare the effectiveness across different donation sectors. Price elasticities are estimated with data from the 2007 Canada Survey of Giving, Volunteering and Participating. Results suggest that specific charitable sectors are affected differently by Canada’s tax credit system. The findings have implications for public policy.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"158 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114099245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
Unintended Pregnancies, Restrictive Abortion Laws, and Abortion Demand 意外怀孕、限制性堕胎法和堕胎需求
ISRN Economics Pub Date : 2012-12-16 DOI: 10.5402/2012/612081
M. Medoff
{"title":"Unintended Pregnancies, Restrictive Abortion Laws, and Abortion Demand","authors":"M. Medoff","doi":"10.5402/2012/612081","DOIUrl":"https://doi.org/10.5402/2012/612081","url":null,"abstract":"This study examines the effect restrictive state abortion laws have on the pregnancy resolution decisions of women with unintended pregnancies. The empirical results find that the abortion ratio and the abortion rate of unintended pregnancies are more sensitive to increases in the abortion price than previous estimates that analyzed total pregnancies (unintended and intended). A Medicaid funding restriction has very little effect on a state's abortion rate of unintended pregnancies, but causes a larger decrease in the number of abortions of unintended pregnancies than previous estimates. A parental involvement law is associated with a significant reduction in a state's abortion ratio and the abortion rate of unintended pregnancies, which suggests that the law may have a behavioral modification effect. Neither a mandatory counseling law nor a two-visit law has a significant effect on a state's abortion ratio and the abortion rate of unintended pregnancies.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131714192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Futures Hedges under Basis Heteroscedasticity 基差异方差下的期货套期保值
ISRN Economics Pub Date : 2012-12-12 DOI: 10.5402/2012/481856
Subhankar Nayak, J. Schnabel
{"title":"Futures Hedges under Basis Heteroscedasticity","authors":"Subhankar Nayak, J. Schnabel","doi":"10.5402/2012/481856","DOIUrl":"https://doi.org/10.5402/2012/481856","url":null,"abstract":"Minimum variance and mean-variance optimizing hedges are developed when basis risk exhibits heteroscedasticity; that is, the variance of the difference between spot and futures prices is not constant but rises with the level of spot prices. Two different hedging objectives are modeled and optimized. The resulting optimality conditions are then interpreted both analytically and intuitively. Simulations are run to determine whether the model proposed here is superior to the traditional model in terms of minimizing the hedger’s terminal wealth. The resulting hedge ratios are shown to differ from those that are obtained for the traditional homoscedastic basis case, but consistent with the extant theoretical paradigm, the demand for futures contacts is dichotomized into pure hedging and pure speculative components. The simulations demonstrate that, under the statistical assumptions invoked, the proposed model implies uniformly less hedging and a lower variance of terminal wealth compared with the traditional model.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"2012 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131020846","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Wagner's Law in Sri Lanka: an Econometric Analysis 斯里兰卡的瓦格纳法则:一个计量经济学分析
ISRN Economics Pub Date : 2012-11-03 DOI: 10.5402/2012/573826
M. Kesavarajah
{"title":"Wagner's Law in Sri Lanka: an Econometric Analysis","authors":"M. Kesavarajah","doi":"10.5402/2012/573826","DOIUrl":"https://doi.org/10.5402/2012/573826","url":null,"abstract":"This study examines whether there is empirical evidence that Wagner's law holds in the Sri Lankan economy using time series annual data over the period from 1960 to 2010 for Sri Lanka, applying cointegration and error correction modeling (ECM) techniques. In particular, this study keeps a special focus to examine the validity of six versions of Wagner's hypothesis, which support the existence of long-run relationship between public expenditure and economic growth. The empirical evidence of this study indicates that while there prevail is a short-run relationship between public expenditure and economic growth, the long-run results showed no strong evidence in support of the validity of the Wagner’s law for Sri Lankan economy. Granger causality analysis also confirms this result. Therefore, the findings of this study pave to broaden this study further for a deeper understanding about the relationship between public expenditure and economic growth by giving more attention on individual items of public expenditure and by including more macroeconomic variables in the econometric model using different methodology in future.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127421762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 28
Unemployment in Greece: Econometric Evidence after the Athens 2004 Olympics and before the Global Financial Crisis of 2007–2009 希腊失业:2004年雅典奥运会后和2007-2009年全球金融危机前的计量经济学证据
ISRN Economics Pub Date : 2012-10-22 DOI: 10.5402/2012/619602
Stavros Rodokanakis
{"title":"Unemployment in Greece: Econometric Evidence after the Athens 2004 Olympics and before the Global Financial Crisis of 2007–2009","authors":"Stavros Rodokanakis","doi":"10.5402/2012/619602","DOIUrl":"https://doi.org/10.5402/2012/619602","url":null,"abstract":"This paper investigates the probability of employment in Greece and focuses on 2006, namely, well after the Athens 2004 Olympics and its fiscal stimulus and before the eruption of the global financial crisis of 2007–2009 that transformed into an economic and sovereign debt crisis with unprecedented consequences in the country's postwar economic history. Based on microdata from the Labour Force Survey, the analysis depicts the impact of gender, age, marital status, area of residence, level of education, and immigrant status on finding a job, in Greece as a whole and the two most populated Greek regions, Attica and Central Macedonia. The findings of the logit model show differences in the three areas under examination mainly among the educational variables and area of residence.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"105 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134547308","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
A Convenient Utility Function with Giffen Behaviour 具有给定行为的方便实用函数
ISRN Economics Pub Date : 2012-10-17 DOI: 10.5402/2012/608645
R. Haagsma
{"title":"A Convenient Utility Function with Giffen Behaviour","authors":"R. Haagsma","doi":"10.5402/2012/608645","DOIUrl":"https://doi.org/10.5402/2012/608645","url":null,"abstract":"The paper proposes a simple utility function that can generate Giffen behaviour. The function suggests an alternative direction where Giffen behaviour can be found and also implies a convenient framework for empirical testing. Moreover, because of its simple form, the utility function is well-suited for teaching purposes.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116598996","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 13
Master Franchising as Foreign Entry Mode: Evidences from the Spanish Franchise System 主特许经营作为外国进入模式:来自西班牙特许经营制度的证据
ISRN Economics Pub Date : 2012-10-16 DOI: 10.5402/2012/293478
Verónica Baena
{"title":"Master Franchising as Foreign Entry Mode: Evidences from the Spanish Franchise System","authors":"Verónica Baena","doi":"10.5402/2012/293478","DOIUrl":"https://doi.org/10.5402/2012/293478","url":null,"abstract":"The present study examines how a number of market conditions may constrain entry mode choice into Middle East nations. Specifically, this paper focuses on master franchising and analyzes the determining factors in this entry mode decision. A quantitative approach was applied to a sample of Spanish franchisors operating through 96 franchisee outlets across 6 Middle East countries in January 2010. They are Bahrain, Cyprus, Israel, Jordan, Saudi Arabia, and United Arab Emirates. Findings show the importance of a number of host country’s features (economic development, corruption, and efficiency of contract enforcement). The scant theoretical or empirical attention given to the topic of foreign entry mode choice via franchising has usually been examined from a U.S. base and focused on developed markets. To fill this gap, the present study analyzes the international spread of the Spanish franchise system—ranked fifth worldwide both in terms of the number of franchisors (1,019) and the quantity of franchisee outlets (65,026)—into the Middle East.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124152923","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
The Macroeconomic Consequences of Remittances 汇款的宏观经济后果
ISRN Economics Pub Date : 2012-09-20 DOI: 10.5402/2012/218071
Dennis W. Jansen, Diego E. Vacaflores, G. Naufal
{"title":"The Macroeconomic Consequences of Remittances","authors":"Dennis W. Jansen, Diego E. Vacaflores, G. Naufal","doi":"10.5402/2012/218071","DOIUrl":"https://doi.org/10.5402/2012/218071","url":null,"abstract":"This study examines the impact of a remittances shock on the main macroeconomic aggregates of a small open economy. It uses a stochastic limited participation model to generate dynamics that are consistent with the empirical literature, like the increase in inflation, consumption, and leisure. However, the remittances shock generates a prolonged decline in GDP, which only diminishes when remittances are a larger percentage of GDP, the fraction of remittances directed towards investment increases, or when the fraction of labor income that remittances represent is reduced and is overturned when the persistence of the remittances shocks is shortened.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115551063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 264
Incidence of Child Labour and Child Schooling in India: Pattern and Determinants 印度童工和儿童教育的发生率:模式和决定因素
ISRN Economics Pub Date : 2012-08-05 DOI: 10.5402/2012/429506
Saswati Das
{"title":"Incidence of Child Labour and Child Schooling in India: Pattern and Determinants","authors":"Saswati Das","doi":"10.5402/2012/429506","DOIUrl":"https://doi.org/10.5402/2012/429506","url":null,"abstract":"The issue of child labour is a frontline concern in India, as early entry into labour market at formative stage of life does mean absconding from proper schooling leading to loss of future scope of better livelihood, since the existing literature shows that there is wage premium for education in Indian labour market. In this perspective, this study aims to carry out a supply-side analysis towards examining the incidence and pattern of child labour and child schooling to test out regional and gender disparities, if any, in terms of these incidences. Socio-economic determinants across gender and region also have been identified for an everlasting way out of the crisis. The data-base utilized for the analysis has been extracted from the National Sample Survey on “Employment and Unemployment Situation in India” for the 61st large sample round (2004-2005). The pattern of child employment in a range of industries confirms the malfunctioning of lawful steps to save child labourers from mischief of occupational vulnerability. It also reveals significant discrepancy in incidence of child labour both across region and gender, but for schooling choice no considerable regional gap is substantiated.","PeriodicalId":129341,"journal":{"name":"ISRN Economics","volume":"5 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131920093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 10
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