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This paper studies the impact of global factors on patterns of basic research across countries and time. We rely on the records of major scientific awards, and on data dealing with global economic and historical trends. Specifically, we investigate the degree to which scale or threshold effects...
Persistent link: https://www.econbiz.de/10005765408
Many commentators have attributed the success of Federal Reserve monetary policy during the 1920s to the active use of open market operations to sterilize gold flows and to stabilize aggregate demand. We find, however, that the discount window was "open" during this period, thereby enabling...
Persistent link: https://www.econbiz.de/10005765409
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By considering social status-seeking consumers who derive utility from the social recognition of their contributions to public goods, we investigate the efficiency and equity aspects of the equilibrium supply of public goods. Our model departs from the previous studies, such as Andreoni's (1989,...
Persistent link: https://www.econbiz.de/10005765411
An explanation of land values and housing rents is central to our understanding of Japanese urban land use allocation, housing production and consumption, and wealth distribution. This paper describes and systematically explains some of the observed intertemporal, intercity, and intracity...
Persistent link: https://www.econbiz.de/10005765412
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Using data from the Current Population Surveys, we examine the impact of Hawaii’s mandatory employer-sponsored insurance on health insurance coverage and employment structure in Hawaii. We find empirical evidence of three phenomena. First, private employer-sponsored insurance coverage for...
Persistent link: https://www.econbiz.de/10005765414
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