Economic Inquiry
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RECYCLING IN MULTIFAMILY DWELLINGS: DOES CONVENIENCE MATTER?
Economic Inquiry - Tập 43 Số 2 - Trang 426-438 - 2005
THE EFFECT OF YOUTH ALCOHOL INITIATION ON HIGH SCHOOL COMPLETIONThe social environment inherent in schools impacts both alcohol consumption onset and high school completion. The results reported here, based on data from the 1979–96 NLSY panels, show that the social coincidences between alcohol consumption and education are important determinants of both education completion and alcohol onset. Ignoring the social nature of these simultaneous decisions u... ...
Economic Inquiry - Tập 43 Số 4 - Trang 750-765 - 2005
ON SOME RECENT EXPLANATIONS OF WHY CAPITAL HIRES LABORConventional microeconomics contains no explanation of why capital hires labor (and not the reverse). In view of some surprisingly positive results in the theoretical analysis of worker‐run enterprise systems, recent contributions to the theory of the firm have attempted to explain the dominance of capitalist production relations in efficiency terms. The present paper critically reviews wo... ...
Economic Inquiry - Tập 22 Số 2 - Trang 171-187 - 1984
The Demand for Credit Cards: Evidence from the Survey of Consumer FinancesWe analyze data from the Survey of Consumer Finances estimate the response of credit card demand to standard price and income effects. We model credit card demand as a two‐stage process, with consumers obtaining limits in the first stage and then borrowing some fraction of those limits in the second. We estimate this model with a nested tobit procedure. We also treat the demand for limits ... ...
Economic Inquiry - Tập 42 Số 2 - Trang 304-318 - 2004
RULES AND DISCRETION WITH NONCOORDINATED MONETARY AND FISCAL POLICIESThe time inconsistency of optimal monetary policy is due to the effects of tax distortions. Thus the issue of how to improve upon the time‐consistent suboptimal monetary policy is related to that of the coordination of monetary and fiscal policy. We present a model with three players (the central bark, the fiscal authority, and wage setters) in which distortionary taxes are explicitly mode... ...
Economic Inquiry - Tập 25 Số 4 - Trang 619-630 - 1987
COMMUNICATION AND INCENTIVE MECHANISMS BASED ON GROUP PERFORMANCE: AN EXPERIMENTAL STUDY OF NONPOINT POLLUTION CONTROL
Economic Inquiry - Tập 44 Số 4 - Trang 599-613
THE BEHAVIORAL LIFE‐CYCLE HYPOTHESISSelf‐control, mental accounting, and framing are incorporated in a behavioral enrichment of the life‐cycle theory of saving called the Behavioral Life‐Cycle (BLC) hypothesis. The key assumption of the BLC theory is that households treat components of their wealth as nonfungible, even in the absence of credit rationing. Specifically, wealth is assumed to be divided into three mental account... ...
Economic Inquiry - Tập 26 Số 4 - Trang 609-643 - 1988
ARM‐BREAKING, CONSUMER CREDIT AND PERSONAL BANKRUPTCYThe consumer credit transaction is analyzed as a contract which provides insurance as well as present consumption for the borrower. Creditors' remedies such as “arm‐breaking” are shown to facilitate provision of insurance (forgiveness of debts) when lenders cannot monitor outcomes. Alternatively, if outcomes are observable but lenders do not ex ante know the risk associated with each borro... ...
Economic Inquiry - Tập 22 Số 2 - Trang 188-208 - 1984
THEORIES OF COMMITMENT, ALTRUISM AND RECIPROCITY: EVIDENCE FROM LINEAR PUBLIC GOODS GAMES Theories of commitment, altruism, and reciprocity have been invoked to explain and describe behavior in public goods and social dilemma situations. Commitment has been used to explain behaviors like water conservation and voting. Altruism has been applied to explain contributions to charities and intergenerational transfers and bequests. Reciprocity has been invoked to explai... ...
Economic Inquiry - Tập 45 Số 2 - Trang 199-216 - 2007
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