Women earn less than men in general, and a woman's power within a household is presumably related to her income level. Our empirical results, based on the survey conducted on two income households from Izmir, Turkey, indicate that the division of surplus income is more or less egalitarian in...

This paper looks at household welfare distribution among two-income couples from three social strata in Izmir, Turkey. A simple explicit two-stage dynamic game theory model is developed to determine if an egalitarian intra-household distribution under certain circumstances is consistent even...

A neural network model that processes input data consisting of financial ratios is developed to predict financial institution failure. The network's ability to discriminate between healthy and failed institutions is compared to a traditional statistical logit model. We find that the neural...

Many individual investors and analysts rely primarily on published financial data of individual firms to evaluate their performance over a given time period. Changes in federal tax policy can have a significant differential impact on reported firm performance. Understanding how these changes...

We study the effects of option expirations on the prices of the underlying stocks days before expiration. We collected daily stock prices from Daily Stock Price Records published by the Standard & Poor's Corporation and the Wall Street Journal. The data covered the time period from January 1979...

In this paper we discuss the extent to which countries in the former Silk Road regions are either reaching or failing to reach their trading potential with China. We estimate a gravity model of trade using a Poisson pseudo‐maximum likelihood estimator, and estimate trade potential using...

Law enforcement officers are allowed to exercise a significant amount of street-level discretion in a variety of ways. In this paper, we focus on a particular prominent kind of discretionary behavior by traffic officers when issuing speeding tickets, speed discounting. Officers partially forgive...

To say that the level of fatalities resulting from an earthquake is inversely related to a country's per capita level of income is hardly novel. What makes our approach novel is that we relate fatalities to both per capita income and the level of inequality that exists within a country through...

In 1991, the World Health Assembly approved a set of Guiding Principles which emphasize voluntary donation, non-commercialization and a preference for cadavers over living donors” (World Health Organization). The objective of this paper is to identify the factors that affect the ratio of...

It is a well-known fact that several prominent bargaining solutions are responsive to changes in status-quo (i.e., disagreement or fallback) payoffs. When an agent’s status-quo payoff increases, his solution payoff either stays the same or increases. A fully general result for these...