Faster, frictionless, cheaper, better: these are said to be the hallmarks of economic activity on the Internet. Search theory suggests use of the Net could reduce the prices consumers pay, but product branding, price discrimination based on data mining, and auctions may raise prices. The Net has...

Examination of the relationship between student choice of undergraduate field of study and internal rates of return (IRR) in universities and colleges in the United States. Methodology; Results of the study; Impact of shifts in academic majors on IRR. (Abstract copyright EBSCO.)

Rising ocean levels have resulted in increasingly severe flooding in numerous metropol-itan coastal areas. What would it cost to minimize or eliminate such damage? Relatively little economic work has been done to provide an answer, at least partially because some authori-ties believe attempts to...

In this study, heteroskedasticity-corrected two stage least squares estimation is used to identify determinants of the inflation rate in Ecuador over the 1950-1995 period. During this time frame, Ecuador made the transition from an oil-importing nation to a net oil-exporting nation. Accordingly,...

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This study investigates the proposal to reduce the ratio of longer-term interest rates to short-term interest rates in the United States by shortening the maturity structure of the federal (central) government debt. The estimates presented provide very strong empirical support for such a policy...