Neoclassical theory of consumer behavior posits a static framework for utility maximization from micro perspectives. The consumer is assumed to behave as if he maximizes a utility function subject to a set of non-stochastic restrictions like exogenous prices and predetermined income. Gary Becker...

As the financial health of institutions of higher education become uncertain, a need exists to assess an institution's short and long-term viability. The purpose of this study is to determine whether a model developed by Leslie and Fretwell (1996) could have predicted the fiscal health for a...

Financial theory offers an array of explanations for corporate hedging. However, financial economists have not reached any definitive conclusions regarding whether corporations' hedging policies are consistent with theory. To examine this question, this study uses a database of the risk...

A computable general equilibrium model analyzes the tax effects of simultaneously reducing property taxes by 44 percent and increasing the rate of sales taxation from four to six percent in Michigan in 1994. The dissertation fills the void in the literature for empirical regional computable...