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This paper introduces newly coded information describing province- and year-specific variation in work requirements, diversion, earning exemptions, and time limits. This new information reveals a large decline in the chance of welfare participation of at least 1.1 percentage points (9.2%...
Persistent link: https://www.econbiz.de/10010616669
Heterogeneous welfare reform policies and timing of those policies among Canadian provinces reveal new information about the roles of different policy tools in accounting for declines in welfare participation. Work requirements, diversion, earnings exemptions, and time limits—referred to as...
Persistent link: https://www.econbiz.de/10008693557
This paper presents a model of quantity regulation aimed at mitigating externalities from over-use of a commons: for example, restrictions on use of automobiles, fisheries, computer networks and electronic stock quotation systems with high-frequency traders. The model provides a...
Persistent link: https://www.econbiz.de/10011150284
When economists' subjective beliefs about the sensitivity and positive predictive value of the Prostate Specific Antigen (PSA) test are internally consistent (i.e., satisfying Bayes' Rule), their beliefs about prostate cancer risk are less accurate than among those with inconsistent beliefs....
Persistent link: https://www.econbiz.de/10010686925
The emergence of Islamic Banks (IBs) with Sharia boards that restrict the set of permissible products and enforce prohibition of riba and gharar raises basic questions of how IB clients benefit by choosing financial services from a restricted menu of possibly higher-cost cash flows. Norms that...
Persistent link: https://www.econbiz.de/10010718615
Our model describes optimal transfer prices as a function of the number of multi-divisional firms. Decentralized firms imperfectly observe downstream pricing and quantity decisions. Therefore, transfer prices have two strategic functions requiring a trade-off: limiting affiliated downstream...
Persistent link: https://www.econbiz.de/10010754846
Persistent link: https://www.econbiz.de/10005380910
Persistent link: https://www.econbiz.de/10005381019
This paper focuses on tacit versus explicit uses of plural performance metrics as a primary methodological characteristic. This characteristic usefully distinguishes two schools of normative analysis and their approaches to normative interpretations of bounded rationality. Both schools of...
Persistent link: https://www.econbiz.de/10011104660
This paper analyses housing price dynamics in and outside of Telecom Corridor, a region near Dallas, Texas, with a high concentration of new economy firms. Using separate home price indexes in and outside this region, the paper tests whether home values are more volatile in the new economy area...
Persistent link: https://www.econbiz.de/10010816600