Working Papers

 

Paper Number Title Authors
WP 11-05-01 Tacit Collusion in Price Setting Oligopoly: A Puzzle Redux Matthew J. Van Essen and William B. Hankins
WP 11-04-01 Bartering Games in the Kolm Triangle Matthew J. Van Essen
WP 10-12-01 Cournot Oligopoly and the Theory of Public Goods Matthew J. Van Essen
WP 10-09-01 Regulating the Anticommons: Insights from Public Expenditure Theory Matthew J. Van Essen
WP 10-08-03 Pretrial Bargaining With Asymmetric Information and Endogenous Expenditure at Trial Amy Farmer and Paul Pecorino
WP 10-08-2 Monopolistic Competition and Public Good Provision with By-product Firms Paul Pecorino
WP 10-08-01 North American Oriented Strand Board Markets, Arbitrage Activity, and Market Price Dynamics: A Smooth Transition Approach Barry K. Goodwin, Matthew T. Holt, and Jeffrey P. Prestemon
WP10-07-05 Information Complexity, Punishment, and Stability in Two Nash Efficient Lindahl Mechanisms Matthew J. Van Essen
WP10-06-04 A Note on the Stability of Chen's Lindahl Mechanism Matthew J. Van Essen
WP10-06-03 Making Efficient Public Good Decisions Using an Augmented Ausubel Auction Matthew J. Van Essen
WP10-06-02 A Simple Supermodular Mechanism that Implements Lindahl Allocations Matthew J. Van Essen
WP10-02-01

"A Life Cycle View of Enterprise Risk Management: The Case of Southwest Airlines Jet Fuel Hedging"

Robert Brooks
WP09-09-03 "Compensation for Regulatory Takings with a Redistributive Government." Paul Pecorino
WP09-09-02 Strategic Truth and Deception Paan Jindapon and Carlos Oyarzun
WP09-09-01 Higher-Order Probability Premiums in Risk Apportionment Paan Jindapon
WP09-08-08 Title IX And The Allocation of Resources to Women's and Men's Sports Amy Farmer and Paul Pecorino
WP09-08-07 Private Information and the Exercise of Executive Stock Options Robert Brooks, Don M. Chance and Brandon Cline
WP09-08-06 Information in the U. S. Treasury Term Structure of Interest Rates Robert Brooks and Brandon N. Cline
WP09-08-05 Spread Options and Risk Management: Lognormal Versus Normal Distribution Assumption Robert Brooks and Brandon N. Cline
WP09-08-04 Stock Buybacks and Stock Option Plans: A Theoretical Framework Robert Brooks and Brandon N. Cline
WP09-08-03 Network Externalities and Terrorist Network Structure Walter Enders and Paan Jindapon
WP09-08-02 Racial/Ethnic Differences in Income Inequality across US Regions Gary A. Hoover and Mehmet E. Yaya
WP09-08-01 Gender Differences In Income Inequality among Immigrant Populations to the United States Gary A. Hoover and Mehmet E. Yaya
WP09-07-01 Potential Effects of Fair Value Accounting on U.S. Bank Regulatory Capital Benton E. Gup and Thomas Lutton
WP09-06-02 CEOs Under Fire:  Pressure From Within Shawn Mobbs
WP09-06-01 Executive Promotions: Compensation, CEO Influence and Firm Valuation Shawn Mobbs and Charu G. Raheja
WP09-04-02 Exchange Traded Funds:  EFT Growth and Determinants of Returns Roger Klee and Benton Gup
WP09-04-01 Optimal Compensation for Regulatory Takings Paul Pecorino
WP09-02-01 Are All Inside Directors the Same?  Do They Entrench CEOs or Facilitate More Informed Board Decisions? Ronald W. Masulis and Shawn Mobbs
WP08-08-03 EBITDA:Down But Not Out Arjan J. Brouwer and Benton E. Gup
WP08-08-02 Elected Versus Appointed County Commission Executives:
Political Favors and Support Facilities
Gary A. Hoover
WP08-08-01 Lotteries, Public Good Provision and the Degree of Rivalry Paul Pecorino and Akram Temimi
WP08-03-02 Is the Coach Paid Too Much: Coaching Salaries and the NCAA Cartel Amy Farmer and Paul Pecorino
WP08-03-01 More on Non-White Poverty and the Macro-Economy Gary A. Hoover, Walter Enders, and Donald G. Freeman
WP08-02-01 Valid Inference for a Class of Models Where Standard Inference Performs Poorly; Including Nonlinear Regression, ARMA, GARCH, and nobserved Components
Jun Ma and Charles R. Nelson
WP08-01-01 Non-White Poverty and the Macro-Economy: The Impact of Growth Gary A. Hoover, Walter Enders, and Donald G. Freeman
WP07-09-10 The Long-Run Risk in Consumption and Equity Premium Puzzle: New Evidence Based on Improved Inference Jun Ma
WP07-09-09

Federal Expenditure and the Revolution of ‘94

Gary A. Hoover and Paul Pecorino
WP07-09-08 Public Good Provision in Large Groups: Olson Was (Almost Always) Right! Paul Pecorino
WP07-09-07 Option Price without Expected Utility Paan Jindapon and W. Douglass Shaw
WP07-09-06 A Closed-Form Asymptotic Variance-Covariance Matrix for the Quasi Maximum Likelihood Estimator of the GARCH(1,1) Model Jun Ma
WP07-09-05 Analyst Conflicts and Research Quality Anup Agrawal and Mark A. Chen
WP07-09-04

Corporate Governance Consequences of Accounting Scandals:      Evidence from Top Management, CFO and Auditor Turnover 

Anup Agrawal and Tommy Cooper
WP07-09-03 Do Analyst Conflicts Matter? Evidence from Stock Recommendations Anup Agrawal and Mark A. Chen
WP07-09-02 Insider Trading Before Accounting Scandals Anup Agrawal and Tommy Cooper
WP07-09-01 Endogenous Financial Development and Inflation Thresholds Edgar A. Ghossoub and Robert R. Reed
WP07-08-03 Elected Versus Appointed School District Officials: Is There a Difference in Student Outcomes? Gary A. Hoover
WP07-08-02 Income Inequality and The Business Cycle: A Threshold Cointegration Approach Gary A. Hoover, Daniel C. Giedeman and Sel Dibooglu
WP07-08-01 By-Product Lobbying: Was Stigler Right? Paul Pecorino
WP07-07-01 The Price-Output Correlation and the Variance of Output James P. Cover and Paul Pecorino
WP07-01-01 Addressing Strategic Manipulation in Emissions Trading Programs Walter Misiolek and Harold Elder
WP06-10-01 Import Protection Bias Paul Pecorino
WP06-10-02 Monopolistic Competition, Growth and Public Good Provision Paul Pecorino
WP06-07-01 Bargaining with Asymmetric Dispute Costs Paul Pecorino and Mark Van Boening
WP05-06-01 A Game-Theoretic Model of Plagiarism Gary A. Hoover
WP05-02-01 Preferences, Information and Settlement Failure Amy Farmer and Paul Pecorino
WP04-11-01 Fairness in an Embedded Ultimatum Game Paul Pecorino and Mark Van Boening
WP04-10-05 Are Outsiders Handicapped in CEO Successions? Anup Agrawal, Charles R. Knoeber, Theofanis Tsoulouhas
WP04-10-04 Contests to Become CEO: Incentives, Selection and Handicaps. Anup Agrawal, Charles R. Knoeber, Theofanis Tsoulouhas
WP04-10-05 Who is Afraid of Reg FD? The Behavior and Performance of Sell-Side Analysts Following the SEC Anup Agrawal and Sahiba Chadha

ARCHIVE OF OLD WORKING PAPERS

WP 1 Forward and Backward Linkages in a Plantation Economy: Immigrant Entrepreneurship and Industrial Development Eric N. Baklanoff and Jeffrey Brannon
WP 2 Commitment Coverage Analysis for Mortgage Lending: A Simulation Approach Alexander McKinnon, Patrick Shannon and Robert McLeod
WP 3 Measuring the Net Progressivity of Government Expenditures and Taxes John P. Formby, Terry G. Seaks and W. James Smith
WP 4 Price Expectations and the Demand for Real Money Balances: Tests of Observed, Adaptive, and Rational Expectations Hypotheses Donald L. Hooks and David C. Cheng
WP 5 The 'Legal Environment' and the Business Law Portion of the CPA Exam: Diverging Insterests? Gene A. Marsh
WP 6 Effects of Price Regulation Based on Variable Cost James P. Keeler
WP 7 Firm's Acquisition Decisions and Tobin's q Ratio Henry W. Chappell, Jr. and David C. Cheng
WP 8 The Neoclassical Model of Corporate Investment Behavior Revisited Walter S. Misiolek and Donald L. Hooks
WP 9 Site Selection Factors: An Alabama Survey William D. Gunther
WP 10 Racial Discrimination in the Provision of Financial Services James T. Lindley, Edward B. Selby, Jr. and John D. Jackson
WP 11 The Definition of the Individual in Labor Supply Analysis Paul D. Thistle
WP 12 Alternative Specification and Estimation Methods for Determining Random Coefficient Betas: Comparison and Extensions Cheng F. Lee and David C. Cheng
WP 13 The Semivariance, Other Lower Partial Moments, and  Expected Utility William H. Jean
WP 14 Multibank Holding Company Acquisitions and Local Market Structure: An Analysis of Pooled Cross-Section and Time-Series Data Donald L. Hooks and Terrence F. Martell
WP 15 Collusion, Entry, and Market Shares John P. Formby and W. James Smith
WP 16 An Empirical Investigation of the Relative Effects of Windfall Income and Permanent Income on Consumption:  A Partial Test of Friedman's Permanent Income Hypothesis Mohamed Abdel-Ghany, Gordon E. Bivens, James P. Keeler, and William L. James
WP 17 Advertising and Firm Profitability:  A Simultaneous Equation Model Carl E. Ferguson, Jr. and David C. Cheng
WP 18 Some Observations on Systematic and Industry Risk in Bank Holding Company Stocks Don M. Chance and Robert W. McLeod
WP 19 Rent Seeking Costs and Pollution Taxes Walter S. Misiolek
WP 20 The Effects of Loan and Bank Characteristics on Bank Loan Criticisms Accuracy: A Multivariate Logit Analysis Hsiu-Kwang Wu and David C. Cheng
WP 21 Price Discrimination, "Adjusted Concavity," and Output Changes Under Conditions of Constant Elasticity John P. Formby, Stephen K. Layson, and W. James Smith
WP 22 Efficient Set Derivations Under Stochastic Dominance Using Risk-free Securities William H. Jean and Billy P. Helms
WP 23 Impact of Changing Conditions on International Resort Returns Mary Fish and Patricia Rudolph
WP 24 California Mandates Disclosure in Creative Financing Arrangements: Implications for Real Estate Professionals Gene A. Marsh and Leonard V. Zumpano
WP 25 Inflation, Economic Growth, and Changes in Income Tax Progressivity John P. Formby and David Sykes
WP 26 Deterring Sex Sales to International Tourists: A Case Study of Thailand, South Korea, and the Philippines Mary Fish
WP 27 Some Determinants of the Demand for Residential Mortgage Funds Patricia M. Rudolph and Leonard V. Zumpano
WP 28 A Look At the New View James Peery Cover
WP 29 Operating Costs of a One-Account Structure Robert W. McCleod
WP 30 Approximation Errors, Consistency and Tests for Quality of the Approximation Paul D. Thistle
WP 31 High-Degree Stochaastic Dominance William H. Jean
WP 32 Comparative Tax Progressivity in North America John P. Formby, Terry G. Seaks, and W. James Smith
WP 33 Empirical Verification of Impact Models: A Case Study William D. Gunther
WP 34 Potential Risks and Liabilities in Creative Finance Arrangements Leonard V. Zumpano and Gene A. Marsh
WP 35 In Defense of the Medium-of-Exchange Concept of Money James Peery Cover
WP 36 State Income Tax Progressivity John P. Formby and David Sykes
WP 37 Indexation of the Federal Personal Income Tax Gene A. Marsh and Jenelle Mims Marsh
WP 38 The Use of Stochastic Dominance for Business Investment William H. Jean
WP 39 100 Percent Reserves, Seignorage Taxation and Monetary Control James T. Lindley and James R. Marchand
WP 40 Growth and Development of Money Market Funds Robert W. McLeod and Walter S. Misiolek
WP 41 Reforming the Portuguese Revolution: Perspectives on the Nationalization - Redistribution Syndrome Eric N. Baklanoff
WP 42 Measuring the Extent of Wage Discrimination: A Statistical Test and A Caveat John D. Jackson and James T. Lindley
WP 43 "Bank Examination Data and Bank Common Stock Prices: A Note" Hsiu-Kang Wu and Billy P. Helms
WP 44 Savings and Loan Associations and Building Societies: A Lesson in Housing Finance Patricia M. Rudolph
WP 45 The Relative Size of Windfall Income and the Permanent Income Hypothesis James P. Keeler, William L. James, and Mohamed Abdel-Ghany
WP 46 Limitations on the Definition of "Debt" in Bankruptcy Gene A. Marsh
WP 47 The Harmonic Mean and Other Necessary Conditions for Stochastic Dominance William H. Jean
WP 48 Exact Risk Premiums for Specific Utility Functions William H. Jean
WP 49 Stochastic Dominance as a Decision Model William H. Jean and Billy P. Helms
WP 50 Limit Pricing and Predation in the Antitrust Laws: Economic and Legal Aspects Harold F. See and William D. Gunther
WP 51 Moment Ordering Conditions for Stochastic Dominance William H. Jean and Billy P. Helms
WP 52 An Econometric Model for Principles of Economics James P. Keeler
WP 53 Psychological Learning Theory and Economic Behavior Paul Thistle
WP 54 Multibank Holding Company Activity and Local Market Structure:  Some Implication for Intra- and Interstate Banking Donald L. Hooks and Terrence F. Martell
WP 55 Exact Measures of Opportunity Cost, Profit, and Rent John P. Formby and Edward L. Milner
WP 56 The Financial Implications of Defeasance Benton E. Gup and Maurice S. Newman
WP 57 Customer Profitability Analysis: A CAPM Approach Benton E. Gup and Tsung Heng Liu
WP 58 A Unifying Framework for the Econometric Analysis of Structural Change Paul D. Thistle
WP 59 Rational Price Expectations and The Demand for Money Donald L. Hooks and David C. Cheng
WP 60 Unemployment Insurance: AN Issue In Public Finance James T. Lindley, Larry G. Beall, and James R. Marchand
WP 61 An Algorithm For Nth Degree Stochastic Dominance Billy P. Helms, William H. Jean and Hassan Tehranian
WP 62 Rent-Seeking Over Time: The Continuity of Capture W. Stewart Mounts, Jr., Clifford Sowell and James T. Lindley
WP 63 Stop, Look and Listen: Duties and Liabilities in Railroad-Highway Crossing Accidents Gene A. Marsh and Michael A. King
WP 64 The Dependent 'Entrepreneural' State: Public Enterprise and External Debt in Latin America Eric N. Baklanoff
WP 65 Interest Rate Sensitivity of Common Stock Prices Benton E. Gup and Billy P. Helms
WP 66 Separability and the Household Production Model Paul D. Thistle
WP 67 Durable Goods Cartels and Antitrust Deterrence Paul D. Thistle
WP 68 Quality and Quantity Under Profit and Welfare Maximization Paul D. Thistle
WP 69 Difficulties in the Measurement and Comparison of Tax Progressivity: The Case of North America John P. Formby, Terry G. Seaks and W. James Smith
WP 70 Scitovsky's Measure of Opportunity Cost and Profit: An Extension John P. Formby and Edward L. Millner
WP 71 The Convergence of Utility and Profit Maximization John P. Formby and Edward L. Millner
WP 72 Inequality Across Nations and Over Time John P. Formby and W. James Smith
WP 73 A Property Right Perspective on Fractional Reserve Banking James T. Lindley and James R. Marchand
WP 74 Is There A Credit Theory of Macroeconomic Fluctuations? James P. Cover and Donald L. Hooks
WP 75 Price-Level Determinacy With A Credit-Aggregate Target James P. Cover and Donald L. Hooks
WP 76 On The Measurement of Tax Progressivity: An Implication of the Atkinson Theorem David Sykes, W. James Smith and John P. Formby
WP 77 A Simulation Study of Principal Component Regression and Alternative Estimators for Variance Component Models David C. Cheng and Hui-Chaun Chen
WP 78 Concepts, Theory, and Techniques on the Use of the Geometric Mean in Long-Term Investment David C. Cheng and Marvin J. Karson
WP 79 The Letter of Credit Transaction: Basic Concepts and Recent Developments Gene A. Marsh
WP 80 An Examination of the Impact of Statutory Changes and Economic Conditions on the Incidence of Business Bankruptcy Filings 1972 - 1983 Gene A. Marsh and David C. Cheng
WP 81 The Rationale For Experiments in Economics Paul D. Thistle
WP 82 Estimation of Multiperiod Expected Rates of Return When Investment Relatives Are Lognormally Distributed David C. Cheng and Marvin J. Karson
WP 83 An Empirical Analysis of Individual Disequilibrium Labor Supply Behavior Paul D. Thistle, Raymond C. Battalio and John H. Kagel
WP 84 The Demand and Supply of Mortgage Funds and Mortgage Loan Terms Leonard V. Zumpano, Patricia M. Rudolph and David C. Cheng
WP 85 A Probit Analysis of Problem Savings and Loans Patricia M. Rudolph and Bassam Hamdan
WP 86 A Pik Payments "Proceeds" Under Article 9? Gene A. Marsh
WP 87 The Market For Realtor Services: Theory and Evidence Leonard V. Zumpano and Donald L. Hooks
WP 88 Arbitrage Opportunities In The Options Market W. L. Randolph
WP 89 Means of Payment Differences Over Time: The Myth of the Cashless Society James T. Lindley, Patricia Rudolph and Edward B. Selby, Jr.
WP 90 Deregulation and Commercial Bank Portfolio Adjustments Paul D. Thistle and Robert W. McLeod
WP 91 A Note on the Empirical Evidence for the Role of Credit In Macroeconomic Policy and Analysis James Peery Cover
WP 92 A Measurement of the Errors in Intra-Period Compounding and Bond Valuation James T. Lindley, Billy P. Helms and Mahmoud Haddad
WP 93 The Relation Between The Neoclassical and Household Production Models of Consumer Behavior Paul D. Thistle
WP 94 An Economic Analysis of Factor Usage and Workplace Regulation Harold W. Elder
WP 95 "Health Scare," Excise Taxes and Advertising Ban in the Cigarette Demand and Supply John A. Bishop and Jang H. Yoo
WP 96 An Income Strategy Approach to the Selection of Accounting Principles Alan Deck, Kenneth Austin  and James T. Lindley
WP 97 Statutory Liens and Secured Creditors Gene A. Marsh
WP 98 Intersecting Tax Concentration Curves and the Measurement of Tax Progressivity John P. Formby, W. James Smith and David Sykes
WP 99 Income Redistribution and Local Tax Progressivity--A Reconsideration John P. Formby, W. James Smith and David Sykes
WP 100 Estimating Money Demand in Log-First-Difference Form James Peery Cover
WP 101 Cartels and Antitrust: The Role of Fines in Deterring Violations at the Margin John P. Formby, W. James Smith and Michael B. Vaughan
WP 102 The Characterization of Input and Output Separable Technologies Paul D. Thistle
WP 103 Barriers To Entry, Concentration, and Tobin's q Ratio K.C. Chen, David C. Cheng and Gailen L. Hite
WP 104 A Keynesian Macroeconomic Model with New-Classical Econometric Properties James Peery Cover
WP 105 Systematic Risk and Market Power: An Application of Tobin's q K.C. Chen, David C. Cheng and Gailen L. Hite
WP 106 Welfare Effects of Natural Gas Price Decontrol In An Open Economy David C. Cheng and Anthony Y. C. Koo
WP 107 Irving Fisher and the Compensated Dollar Debate in Light of Modern Analysis James Peery Cover
WP 108 Ramsey's Specification Error Test and Alternative Specifications of the Market Model: Methods and Applications David C. Cheng and Cheng F. Lee
WP 109 British Enterprise Zones: A Critical Assessment William D. Gunther and Charles G. Leathers
WP 110 Credit Card Possession and Use: Changes Over Time James T. Lindley, Patricia Rudolph and Edward B. Selby, Jr.
WP 111 Tobin's q, Market-Value Measures of Leverage, and Accounting Betas in the Assessment of Systematic Risk Mary S. Stone, David C. Cheng, and Cheng F. Lee
WP 112 Regulatory Reform in the United States: An Overview and Evaluation John P. Formby and Banamber Mishra
WP 113 Ranking Distributions With Generalized Lorenz Curves Paul D. Thistle
WP 114 The Demand For College Education in Post War Japan Yoshi-fumi Nakata and Carl Mosk
WP 115 British Enterprise Zones: Implications for U.S. Urban Policy William D. Gunther and Charles G. Leathers
WP 116 Strategies for Restoring Cost Competitiveness Arthur A. Thompson, Jr. and William D. Gunther
WP 117 The Liability Insurance Crisis in Public Transit Systems: Evidence From Section 16 and Section 18 Providers  William D. Gunther and Frank W. Davis, Jr.
WP 118 "Comparable Worth" and Rent Seeking John P. Formby and Edward L. Millner
WP 119 Distribution-Free Statistical Inference for Generalized Lorenz Curves John A. Bishop, S. Chakraborti, and Paul D. Thistle
WP 120 The Impact of the UI Tax Structure on Firm Bahavior in Challenging Claims Ann Schwarz-Miller and James T. Lindley
WP 122 Another Look at the International Evidence on OutPut-Inflation and the Relative Importance of Real and Monetary Distrubances in Causing Business Cycles James Peery Cover
WP 123 An Inquiry Into the Sources of Macroeconomic Fluctuations Stefan C. Norrbin and Don E. Schlagenhauf
WP 124 Explaining the Variability of Apartment Rents Karl L. Guntermann and Stefan C. Norrbin
WP 125 E-Efficiency, Rent-Seeking and Social Costs John P. Formby, James P. Keeler, and Paul D. Thistle
WP 126 A Note On Price Level Determinacy Under Controlled and Fixed Interest Rate Policies J. P. Cover and D. P. Schutte
WP 127 Portugal's Political Economy, Old and New Eric N. Baklanoff
WP 129 Uniform Progressivity, Residual Progression and Single-Crossing Paul D. Thistle
WP 130 Duality Between Generalized Lorenz Curves and Distribution Functions Paul D. Thistle
WP 131 Liquidity, Tobin's q, and Corporate Investment Henry W. Chappell, Jr., David C. Cheng, and Daniel J. Richards
WP 132 Sampling Distributions of the Sharpe Performance Measure and the Relative Risk Aversion Estimates Marvin J. Karson, Daivd C. Cheng, and Cheng F. Lee
WP 133 Geometric Mean Approximations and Risk Policy in Long-Term Investment David C. Cheng and Cheng F. Lee
WP 134 Financial Determinants of Bank Turnovers Benton E. Gup, David C. Cheng, and Larry D. Wall
WP 135 Black Benevolent Societies and the Development of Black Insurance Companies in Nineteenth Century Alabama Clarence A. Spencer, Jr.
WP 136 Health Insurance and Health Care Delivery System in Antebellum Alabama Clarence A. Spencer, Jr.
WP 137 Evolution of Southern Benevolent Societies with Emphasis on Alabama Clarence A. Spencer, Jr.
WP 138 Buffer-Stock Policy Objectives and Agricultural Price and Inventory Behavior David P. Schutte
WP 139 Determinants of Employment Multipliers Among Military Installations William D. Gunther
WP 140 Strategic Planning in Banks - Does It Pay Benton E. Gup and David D. Whitehead
WP 141 Financial Planning with Series EE U.S. Savings Bonds After the Tax Act of 1986 Robert McLeod, William D. Samson, and Edward J. Schnee
WP 142 Market Sensitivity of U.S. and Mexican Border Travel Mary Fish and Jean D. Gibbons
WP 143 Hong Kong's Changing International Tourism Market Mary Fish and Jean D. Gibbons
WP 144 Seasonal Anomalies in the Housing Market: A Comparison with the Stock Market Peter F. Colwell, Karl Guntermann and Stefan Norrbin
WP 145 The Effect of Sample Design on Stochastic Dominance Empirical Studies William H. Jean and Billy P. Helms
WP 146 World Tourism Forecasts and the Outlook for the U.S. Virgin Islands Mary Fish and Jean D. Gibbons
WP 147 Sticky Prices and Money Demand James Peery Cover and Donald Hooks
WP 148 Optimal Price-Level Flexibility James Peery Cover
WP 149 Large Sample Tests for Absolute Lorenz Dominance John A. Bishop, S. Chakraborti, and Paul D. Thistle
WP 150 On the Measurement of Global Tax Progressivity John W. Formby, W. James Smith and Paul D. Thistle
WP 151 World Money Stock Control and Central Bank Monetary Policy Coordination Donald L. Hooks
WP 152 Asymmetric Effects of Positive and Negative Money Supply Shocks James Peery Cover
WP 153 Pricing the Default Option on Callable Debt W. Steven Smith and G. Wayne Kelly
WP 154 International Evidence on Output-Inflation Tradeoffs: Results From A Covariance-Bounds Test James Peery Cover
WP 155 Relative Inequality, Absolute Inequality and Welfare: Some New Statistical Tests John A. Bishop, S. Chakraborti, and Paul D. Thistle
WP 156 Agency Theory and the Changing Role of the Real Estate Broker:  Conflicts and Possible Solutions Gene A. Marsh and Leonard V. Zumpano
WP 157 Rank Dominance and International Comparisons of Income Distributions John A. Bishop, John P. Formby, and Paul D. Thistle
WP 158 Output and Welfare Effects of Optimal Price Discrimination in Markets Segmented at the Initiative of the Seller John P. Formby and Edward L. Millner
WP 159 Race, Gender and Work Experience as Factors in the UI Screening Process Ann Schwarz-Miller and James T. Lindley
WP 160 A Simple Formula for Duration: An Extension James T. Moser and James T. Lindley
WP 161 The Impact of Bank Failures on Financial Markets: Implications for Deposit Protection Steve A. Johnson and James T. Lindley
WP 162 Determinants of Differences in Regional Cyclical Variability Stefin C. Norrbin
WP 163 Empirical Tests of Real Estate Market Efficiency Karl L. Guntermann and Stefan C. Norrbin
WP 164 An Asymptotically Distribution-Free Test for Sen's Welfare Index John A. Bishop, S. Chakraborti and Paul D. Thistle
WP 165 Determinants of State Government Tax Structures: A Theoretical and Empirical Analysis Harold W. Elder and Walter S. Misiolek
WP 166 Homicide and the Abolition of Capital Punishment: The U.S. and Canadian Experience James P. Cover and Paul D. Thistle
WP 167 Additional Evidence on Stock Return Anomalies: Sources of the Monthly Effect Kartono Liano and James T. Lindley
WP 169 Negligent Hiring and Discrimination: An Employer's Dilemma? Charles A. Odewahn and Darry L. Webb
WP 170 An N Stage, Fractional Period, Quarterly Dividend Discount Mobel Robert Brooks and Billy P. Helms
WP 171 Gender Differences in Salaries an Application to Academe James T. Lindley and Mary Fish
WP 172 Incomplete Information, Income Redistribution and Risk Averse Median Voter Behavior John A. Bishop, John P. Formby, and W. James Smith
WP 173 International Evidence on Asymmetric Effects of Money-Supply Shocks James Peery Cover and Pik-ki Lai
WP 174 The Impact of Deregulation on the Entry and Exit of De Novo Savings and Loan Associations James T. Lindley, James A. Verbrugge, James E. McNulty, and Benton Gup
WP 175 The Average Tax Burden and the Welfare Implications of Global Tax Progressivity John P. Formby, W. James Smith, and Paul D. Thistle
WP 176 Testing for Stochastic Dominance: A General Approach K. Victor Chow, S. Chakraborti and Paul D. Thistle
WP 177 Is The Wrap Back? Recent Developments May Again Make the Wrap Around Mortgage a Viable Installment Sales Technique Leonard V. Zumpano and Gregg S. Morrison
WP 178 The New Tax Rules Governing the Financing of Owner-Occupied Homes: The Implications for Homebuyers, Owners, and Lenders Leonard V. Zumpano, Visiting Scholar and Gregg S. Morrison
WP 179 Risk Aversion and Rent-Seeking Redistributions: Free Agency in the National Football League John A. Bishop, Howard J. Finch, and John P. Formby
WP 180 Intra-Year Compounding and Fundamental Bond Valuation Hann-Tarn Jeng
WP 181 An Analysis of Dividend Reinvestment Plans Robert W. McLeod, H. Shelton Weeks and Aaron L. Phillips
WP 182 Changes in the U.S. Earnings Distributions in the 1980's John A. Bishop, John P. Formby, and Paul D. Thistle
WP 183 Lorenze Dominance and Welfare: Changes in the U.S. Distribution of Income, 1967-1986 John A. Bishop, John P. Formby, and W. James Smith
WP 184 The Synchronization of Business Cycles Across European Common-Market Countries John P. Formby, Stefan C. Norrbin, and Ryochi Sakano
WP 185 Cost Economies and Consolidation in the U.S. Airline Industry John P. Formby and James P. Keeler
WP 186 Costs Under Regulation and Deregulation:  The Case of U.S. Passenger Airlines John P. Formby, James P. Keeler, and Paul D. Thistle
WP 187 Rank Dominance and International Comparisons of Income Distributions John A. Bishop, John P. Formby, and Paul D. Thistle
WP 188 Economic Efficiency, Antitrust and Rate-of-Return John P. Formby, W. James Smith, and Paul D. Thistle
WP 189 A Stochastic Dominance Analysis of the Effects of Growth and Recessions on the U.S. Income Distribution, 1967-1986 John A. Bishop, K. Victor Chow, and John P. Formby
WP 190 Convergence of the South and Non-South Income Distributions, 1969-1979 John A. Bishop, John P. Formby, and Paul D. Thistle
WP 191 Asset/Liability Management: A Theoretical Perspective Benton E. Gup and Robert E. Brooks
WP 193 An Empirical Analysis of Growth in Banking: A Markovian Approach Benton E. Gup, S.M. Lau, T.H. Mattheiss, and John R. Walter
WP 194 An Overview of Bank Fraud Benton E. Gup
WP 195 Multi-Market Efficiency and Cointegration: An Application to Foreign Currency Futures Markets Kam C. Chan, Benton E. Gup, and Ming-Shiun Pan
WP 196 A Large Sample Test for Differences Between Lorenz and Concerntration Curves K. Victor Chow, John A. Bishop, and John P. Formby
WP 197 An Investigation of the Empirical Distribution of Bond Returns Kam C. Chan, Ming-Shiun Pan and H.K. Wu
WP 198 Bond Market Seasonality and Business Circles Kam C. Chan and H.K. Wu
WP 199 International Integration and Monetary Policy Coordination David D. VanHoose
WP 200 Monetary Policy Centralization, Rules, Discretion, and Conservative Central Bankers in the European Monetary System David D. VanHoose
WP 201 Reserve Requirements, Inflation Taxes, and European Integration David D. Vanhoose
WP 202 Optimal Monetary Policies and Price Level Non-Trend-Stationarities in Interdependent Economies Joseph P. Daniels and David D. VanHoose
WP 203 Information Effects of the Medium of Financing and the Capital Structure Change on Conglomerate and Non-Conglomerate mergers: An Empirical Analysis Dr. Elias Raad and Dr. H. K. Wu
WP 204 The Impact of the Methods of Payment and the Change in the Capital Structure on the Acquiring Firm Stock Price: An Empirical Analysis Dr. Elias Raad and Dr. H. K. Wu
WP 205 Testing for Marginal Changes in Income Distributions with Lorenz and Concentration Curves John A. Bishop, K. Victor Chow, and John P. Formby
WP 206 Welfare Evaluations of State Income Distributions John A. Bishop, John P. Formby, and Lester A. Zeager
WP 207 International Comparisons of Income Inequality: Tests for Lorenz Dominance Across Nine Countries John A. Bishop, John P. Formby, and W. James Smith
WP 208 Investors' Reaction to the Statement of Cash flow Patterns Benton E. Gup, William D. Samson, Michael T. Dugan, Myung J. Kim and Thawatchai Jittrapanun
WP 209 Walking the Spirit Trail: Repatriation and Protection of Native American Remains and Sacred Cultural Items Gene A. Marsh
WP 210 When Ignorance is Bliss: Self Selection and the Value of Information in Insurance Markets Neil A. Doherty and Paul D. Thistle
WP 211 The Political Economy of Portugal's Later Estado Novo:  A Critique of the Stagnation Thesis Eric N. Baklanoff
WP 212 Market Reflections of Dividend Signals: Empirical Evidence of a Signaling Value Function Carolyn Carroll and Herman Manakyan
WP 213 Avoiding Discharge of Loans Obtained Through False Financial Statements Gene A. Marsh
WP 214 Nutrition and Nonparticipation in the U.S. Food Stamp Program John A. Bishop, John P. Formby, and Lester A. Zeager
WP 215 Entry Level Salaries of Academic Economists: Does Gender or Age Matter? John P. Formby, William D. Gunther and Ryoichi Sakano
WP 216 Cournot Oligopoly and Monetary Policy in a General Equilibrium Model of Financial Markets Masanori Amano
WP 217 Impacts of Investment Horizon on Relative Risk Aversion Parameter Estimates: Theory and Empirical Results Marvin J. Karson, David C. Cheng, and Cheng F. Lee
WP 219 Interest Groups, Populism, and the Political Economy of Deficits in the Theory of Chronic Inflation Daniel G. Arce M.
WP 220 Measurement of Fiscal Performance in Inflated Economies Daniel G. Arce M.
WP 226 Social Norms and the Persistence of Inflation Daniel G. Arce M.
WP 227 Evaluating Changes in the Distribution of Income in the United States John A. Bishop, John P. Formby, and Ryoichi Sakano
WP 228 Truncation Bias and the Ordinal Evaluation of Income Inequality John A. Bishop, Jong-Rong Chiou, and John P. Formby
WP 229 Testing for Marginal Changes in Income Distributions with Lorenz and Concentration Curves John A. Bishop, K. Victor Chow, and John P. Formby
WP 230 A Dominance Evaluation of the Distribution of Income and the Benefits of Economic Growth in the U.S. John A. Bishop and John P. Formby
WP 231 Convergence and Divergence of Regional Income Distributions and Welfare John A. Bishop, John P. Formby, and Paul D. Thistle
WP 232 Do Time-Varying Transition Probabilities Anticipate Growth States? Toward New Composite Indices of Coincident and Leading Indicators Myung J. Kim and Ji-Sung Yoo
WP 233 Utility Arbitrage and Asset Prices Frank H. Page, Jr. and Harris Schlesinger
WP 234 Optimal Auction Design and Risk Aversion and Correlated Information Frank H. Page, Jr.
WP 236 A Multidimensional, Incentive-Compatible Mechanism for Contract Specification and Award Mark R. Johnson
WP 237 The Complexity of Economic Choice Mark R. Johnson
WP 238 A General Method for Measuring. Decomposing, and Testing for Marginal Changes in Income Distributions K. Victor Chow, John P. Formby and Buhong Zheng
WP 239 Unanimous Inequality Rankings and Normalized Stochastic Dominance John P. Formby and Buhong Zheng
WP 240 Inference Tests for Sen's Poverty Index with An Application to Regional Poverty in the United States John A. Bishop, John P. Formby and Buhong Zheng
WP 241 Coherence and the Crerdibility of Convertibility Announcements Daniel G. Arce M.
WP 242 Forward-Falling Labor Supply and Monopsony Equilibrium With An Application to LDC Labor Markets Daniel G. Arce M., John P. Formby and Guangmao Nie
WP 243 Regional Poverty and Inequallity in the United States John P. Formby
WP 244 The Impact of Food Stamps on U.S. Poverty in the 1980s: A Marginal Dominance Analysis John A. Bishop, John P. Formby and Lester A. Zeager
WP 245 The Partnered Core of an Economy Frank H. Page, Jr. and Myrna Holtz Wooders
WP 246 Arbitrage with Price-Dependent Preferences Frank H. Page, Jr. and Myrna Holtz Wooders
WP 247 Arbitrage with Price-Dependent Preferences: Equilibrium and Market Stability Frank H. Page, Jr. and Myrna Holtz Wooders
WP 248 An Extension of the KKMS Theorem Philip J. Reny and Myrna Holtz Wooders
WP 249 Axiomatization of Lindahland ratio equilibriain public good economies A. van den Nouweland, S. Tijs, and M. Wooders
WP 250 The Partnered Core of An Economy and the Partnered Competitive Equilibrium Frank H. Page, Jr. and Myrna Holtz Wooders
WP 251 Did Tax Reform Reduce Actual US Progressivity?  Evidence from the Taxpayer Compliance Measurement Program John A. Bishop, K. Victor Chow John P. Formby and Chih-Chin Ho
WP 252 Asymmetric Information, the Efficiency Core and Farsighted Stable Trading Mechanism Frank H. Page, Jr. and Myrna Holtz Wooders
WP 253 Arbitrage, Equilibrium, and Gains from Trade: A Counterexample Paulo K. Monteiro, Frank H. Page, Jr. and Myrna Holtz Wooders
WP 254 Arbitrage and Global Cones: Global Cones Are Not Open Paulo K. Monteiro, Frank H. Page, Jr. and Myrna Holtz Wooders
WP 255 Global Cones Are Not Open Paulo K. Monteiro, Frank H. Page, Jr. and Myrna Holtz Wooders
WP 256 Arbitrage and Equilibrium: Another Counterexample Paulo K. Monteiro, Frank H. Page, Jr. and Myrna Holtz Wooders
WP 258 Cyclic Games: An Introduction and Examples Reinhard Selten and Myrna Holtz Wooders
WP 259 Algebraic Complexity of Strategy-implementing Semiautomatons for Repeated-play Games Mark R. Johnson
WP 260 A Necessary and Sufficient Condition for Compactness of Individually Rational and Feasible Outcomes and Existence of an Equilibrium Frank H. Page, Jr. and Myrna Holtz Wooders
WP 261 Statistical Inference and the Sen Index of Poverty John A. Bishop, John P. Formby and Buhong Zheng
WP 262 Existence of Optimal Auctions in General Environments Frank H. Page, Jr.
WP 264 Income and Tax Changes Following the Tax Reform Act of 1986, A General Decomposition John A. Bishop, John P. Formby, K. Victor Chow and Buhong Zheng
WP 265 Did Tax Reform Reduce Actual US Tax Progressivity? Evidence from the Taxpayer Compliance Measurement Program John A. Bishop, John P. Formby, K. Victor Chow and Buhong Zheng
WP 266 Test of Significance for Lorenz Partial Orders John P. Formby and John A. Bishop
WP 267 Innovation Games With Increasing Marginal Costs and Externalities: Results for the Finite and Asymptotic Cases John P. Conley, Faycal Mansouri, and Akram Temimi
WP 268 Endogenous Enfranchisement When Groups' Preferences are Conflicting Akram Temimi and John P. Conley
WP 269 Discrete Public Goods with Incomplete Information Flavio M. Menezes, Paulo K. Monteiro and Akram Temimi
WP 270 Toward a Theory of Charitable Fundraising: A Comment Paul Pecorino and Akram Temimi
WP 271 Coalition Structure Values in Differential Information Economies Akram Temimi and Nicholas C. Yannelis
WP 272 Federal Grants and the Flight to the suburbs Akram Temimi and Manfred Dix