The dissertation identifies and responds to two gaps in the current literature on the elasticity of taxable income (ETI). Firstly, there is a lack of a deep understanding of the process underlying behavioral responses of taxable income to taxation. Secondly, there is a lack of inquiry into the...

The first part of this dissertation investigates the possibility of an output cut by a firm as a result of an increase in demand in industries with constrained capacities. We are specially interested in the crude oil industry, although thepaper has implications beyond that market. Two simple...

The 1990s saw significant increases in commercial bank membership in the Federal Home Loan Bank (FHLB) System and extensive growths in FHLB assets and outstanding advances. Since FHLB policies may enable risk-taking behavior by the System's member institutions, this research evaluates the impact...

Rational Corporate Risk Management Policy: An Extension of Traditional Risk Management Theory to Incorporate Observed Managerial BehaviorRussell Paul RoselleABSTRACTThere is qualitative and anecdotal evidence that corporate management deviates from received risk management theory. These...

Experimental observations have shown that economic agents behave in ways different from the maximization of any utility function. Herbert Simon sought to deal with this by positing that individuals do not maximize, but rather satisfice. This was a radical departure from the traditional economic...

This dissertation comprises three essays on theoretical analysis of middlemen in intermediated markets. Chapter 1 gives a brief survey on the market intermediation literature and also briefly describes the subsequent chapters.In Chapter 2 I study the role of horizontally differentiated middlemen...

The evaluation of policy-relevant economic research requires an ethical foundation.Classical liberal theory provides the requisite foundation for this dissertation, which usesvarious econometric tools to estimate the effects of shifting some of the property tax frombuildings to land in 15 cities...