In this essay, we introduce the concept of Microjustice as an approach to tackle the problem of access to justice for those with limited resources. In addition to existing perspectives, we propose to analyze the justice sector as a 'market' with its corresponding chain of supply and a demand....

This paper explores the foundations of Adam Smith's view that the philosopher is the same as the street porter. Despite their innate similarity, Smith recognized that the role of the philosopher, someone who provides useful instruction to fellow humans, is not that of the street porter He also...

Co-integration analysis tests for the existence of a significant long-run equilibrium among some economic variables. Standard econometric procedures to test for co-integration have proven unreliable when the long-run relation among the variables is characterized by non-linearities and persistent...

This paper develops an adaptive learning formulation of an extension to the Ball, Mankiw, and Reis (2005) sticky information model that incorporates endogenous inattention. We show that, following an exogenous increase in the policymaker's preferences for price vs. output stability, the learning...

In an interesting paper Barsky, House, and Kimball (2005) demonstrate that in a standard sticky price model a monetary contraction will lead to a decline in nondurable goods production but an increase in durable goods production, so that aggregate output is little changed. This lack of...

In this paper, we describe a study of the consequences of capacity allocation mechanisms at a large semiconductor manufacturer. We use a panel data set with 300,000 observations spanning five years of forecasting and order transactions between a supplier and customers at the supplier's...