Working Papers

from American University, Department of Economics
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2009-25 JEL classification: B00, B40, Z1: Increasing Inequality, Status Insecurity, Ideology, and the Financial Crisis of 2008

Jon Wisman and James Smith

2009-24: NAFTA, Trade, and Development

Robert Blecker and Gerardo Esquivel

2009-23: Long-Run Growth in Open Economies: Export-Led Cumulative Causation or a Balance-of-Payments Constraint?

Robert Blecker

2009-22: Export-led growth, real exchange rates and the fallacy of composition

Robert Blecker and Arslan Razmi

2009-21: Statistical prediction of the outcome of a noncooperative game

James Bono and David Wolpert

2009-21: Comercio, Empleo y Districuion: Efectos de la Integracion Regional y Global

Robert Blecker

2009-19: The ABM Template Models -- A Reformulation with Reference Implementations

Alan Isaac

2009-18: The Determinants of State-Level Antitrust Enforcement

Benjamin Liebman and Kara Reynolds

2009-17: The Determinants of State-Level Antitrust Enforcement

Robert Feinberg and Kara Reynolds

2009-16 JEL classification: L10, L40: Effect of Research and Development and Market Concentration on Merger Outcomes -- An Event Study of U.S. Horizontal Mergers1

Ralph Sonenshine

2009-15 JEL classification: E21, E44, G01: On Human Behavior, Human Fulfillment, and the Nature of the Workplace

Jon Wisman

2009-14 JEL classification: E21, E44, G01: Increasing Inequality, Status Insecurity, Ideology, and the Financial Crisis of 2008

Jon Wisman and Barton Baker

2009-13 JEL classification: L10, L40: Creative Destruction, Economic Insecurity, Stress and Epidemic Obesity

Jon Wisman and Kevin Capehart

2009-12 JEL classification: L10, L40: The Stock Market's Valuation of Research and Development and Market Concentration in Horizontal Mergers

Ralph Sonenshine

2009-11: How to Use Decision Theory to Choose Among Mechanisms

James Bono and David Wolpert

2009-10: Game Mining: How to Make Money from those about to Play a Game

James Bono and David Wolpert

2009-09: Understanding the Southern African Anomaly: Poverty, endemic Disease, and HIV

Larry Sawers and Eileen Stillwaggon

2009-08: Patent family data and statistics at the European Patent Office

Walter Park and Peter Hingley

2009-07: The social economics of ethical consumption: Theoretical considerations and empirical evidence

Martha Starr

2009-06: Does the WTO Matter? A Non-parametric view

Walter Park

2009-05: Widening the Scope of Standards Through Work-Based Learning

Robert Lerman

2009-04: Foreign Competition and Small-Firm Entry in US Manufacturing

Robert Feinberg

2009-03: Quality competition, Pricing-To-Market and Non-Tariff measures: A Unified Framework For the Analysis of Bilateral Unit Values

Michael Ferrantino, Robert M. Feinberg and Lauren Deason

2009-02: Do International Shocks Affect Small Wholesalers and Retailers?

Robert M. Feinberg

2009-01: Overcoming Free Riding: A Cross Country Analysis of Firm Participation in Antidumping Petitions

Kara Marie Reynolds

2008-20: Unemployment exacts a high cost to its victims, not only in lost income, but also in terms of quality of life (insecurity, depression, abandoned families, divorce, suicide, poorer health). It also exacts a high cost to society in terms of lost output, foregone tax revenue, depreciating human capital, and increased costs of welfare, crime, and health care. Yet modern wealthy societies have, principally for the sake of price stability and to avoid the budget costs of a full remedy, chosen to tolerate a substantial level of permanent unemployment. This article explores the moral conditions of this social choice and its rationality in terms of social welfare. It makes and develops support for two claims: society’s tolerance of involuntary unemployment is morally wrong, and it is socially and economically irrational. It concludes that government should guarantee employment by serving as employer of last resort and where appropriate provide for retraining

Jon D. Wisman

2008-19: Household Saving, Class Identitiy, and Conspicuous Consumption

Jon D. Wisman

2008-18: Coral Games and the Core of Cores

James W. Bono

2008-17: Adapting Strategic Risk in Corporate Tournaments

James W. Bono

2008-16: Consumption, sentiment, and economic news

Martha Starr

2008-15: Religion, Social Capital, and Business Bankruptcy in the United States, 1921-1932

Bradley Hansen and Mary Hansen

2008-14: Antitrust and Trade Policy: Are Legislators Consistent?

Robert M. Feinberg, Thomas A Husted and Kara Marie Reynolds

2008-13: Declining Secondary Enrollment in Albania: What Drives Household Decisions?

Mieke Meurs, Juna Miluka and Thomas Hertz

2008-12: Does Trade Adjustment Assistance Make a Difference?

Kara Marie Reynolds and John Palatucci

2008-11: Understanding the Southern African‘Anomaly’Poverty, Endemic Disease, and HIV

Larry Sawers and Eileen Stillwaggon

2008-10: Measuring the Quality of Employment in the Informal Sector

John Messier and Maria Floro

2008-09: The Gender Dimensions of Social Networks, Unemployment and Underemployment: What Time Use Data Reveal

Maria Floro, Imraan Valodia and Hitomi Komatsu

2008-08: Is there a Link between Quality of Employment and Indebtedness? The Case of Urban Low-income Households in Ecuador

Maria Floro and John Messier

2008-07: Would a North American monetary union protect Canada and Mexico against the ravages of “Dutch disease”?

Robert A. Blecker and Mario Seccareccia

2008-05: An Examination of Entry and Competitive Performance in Rural Banking Markets

Robert M. Feinberg and Kara Marie Reynolds

2008-04: External Shocks, Structural Change, and Economic Growth in Mexico 1979–2006

Robert A. Blecker

2008-03: Cofactor Infections and HIV Epidemics in Developing Countries: Implications for Treatment

Larry Sawers, Eileen Stillwaggon and Tom Hertz

2008-02: Effect of Microfinance on Vulnerability, Poverty and Risk in Low Income Households

Ranjula Bali Swain and Maria Floro

2008-01: Let a Thousand Models Bloom: Forging Alliances with Western Universities and the Making of the New Higher Educational System in the Gulf

John Willoughby

2007-23: Socially Responsible Investment and Pro-social Change

Martha Starr

2007-22: The Macro/Social Economics of Corporate Social Responsibility: Informational Abundance and Collective Action

Martha Starr

2007-21: Disagreement, Regional Representation,and Federal Reserve Transcript Publication

Ellen E. Meade

2007-20: Central Bank Independence and Transparency: Evolution and Effectiveness

Christopher Crowe and Ellen E. Meade

2007-19: Heteroskedasticity-Robust Elasticities in Logarithmic and Two-Part Models

Tom Hertz

2007-18: School Construction and Intergenerational Mobility in Indonesia

Tom Hertz and Tamara Jayasundera