Environmental Economics/Public Economics

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Benefit-Cost Analysis of Environmental Projects: A Plethora of Systematic Biases (2010)

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result...

 

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Environmental Economics: An Integrated Approach (Chapter 2), Environmental Economics: An Integrated Approach (2010)

This is the first substantive chapter (following an introductory chapter yet to be written) of...

 

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Environmental Economics: An Integrated Approach (Chapter 3), Environmental Economics: An Integrated Approach (2010)

This is the second substantive chapter in Environmental Economics: An Integrated Approach.

 

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Environmental Valuation: The Sum of Specific Damages Approach, Research Tools in Natural Resource and Environmental Economics (2010)

There is no abstract for this book chapter.

 

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The Hedonic Method: Value of Statistical Life, Wage Compensation Property Value Compensation, Research Tools in Natural Resource and Environmental Economics (2010)

There is no abstract for this book chapter.

 

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A Note on the Valuation of Collective Goods: Overlooked Input Market Free Riding for Non-Individually Incrementable Goods, The B.E. Journal of Economic Analysis & Policy (2009)

For at least fifty years economists have argued that vertically-aggregated marginal willingness to pay, when...

 

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An Implementable Institutional Reform that Transfers Control of Government Spending Levels from Politicians to Voters (2009)

Elected representatives have little incentive to pursue the interests of those electing them once they...

 

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A Note On the Design of Experiments Involving Public Goods (2009)

Concern about potential free riding in the provision of public goods has a long history....

 

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A Note on the "Union Effect" in VSL Studies (2009)

Viscusi and Aldy (2003) observe that “most studies of the U.S. labor market find that...

 

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IF THE LARGE WTA-WTP GAP FOR PUBLIC GOODS IS REAL (AND THERE ARE GOOD REASONS TO THINK SO) CONVENTIONAL WELFARE MEASURES ARE SIMPLY INCORRECT (2009)

A robust finding in economics is that decision-makers often exhibit a much smaller dollar willingness...

 

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Predicting Life Expectancy: A Cross-Country Empirical Analysis (with AUDREY B. HENDRICKS) (2009)

Most economic research on life expectancy focuses on building forecasting models using mortality trends or...

 

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The Simple Analytics of the WTA-WTP Disparity for Public Goods (2009)

A robust finding in economics is that decision-makers often exhibit a much smaller dollar willingness...

 

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The WTA-WTP Gap and Welfare Measures for Public Goods (2009)

A robust finding in experimental economics is that decision-makers often exhibit a much smaller dollar...

 

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Voodoo Multipliers Revisited: Public Policy For Recessions and Boomtimes, Working paper (under review at Economists' Voice (2009)

There is no abstract for this brief column.

 

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Optimal Public Goods Provision: Implications of Endogenizing the Labor/Leisure Choice (with NICHOLAS E. FLORES), Land Economics (2008)

Conventional analysis of public goods provision aggregates individual willingness to pay while treating income as...

 

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Environmental Perceptions and Environmental Reality: When More Is Less, Environment and Planning A (2003)

There is no abstract for this article.

 

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Hedonic wage equations for higher education faculty (with JAMES R. MARCHAND and ROBERT L. SEXTON), Economics of Education Review (2002)

This paper discusses the use of hedonic techniques to theoretically and empirically understand the wages...

 

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The Bias Against New Innovations in Health Care:Value Uncertainty and Willingness to Pay (with Surrey M. Walton, Peter R. Mueser, and Jay K. Dow), Value in Health (2002)

This paper offers a model for the bias found in willingness-to-pay valuations against new treatments....

 

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Controlling the Abandonment of Automobiles: Mandatory Deposits vs Fines (with DWIGHT LEE and ROBERT L. SEXTON), Journal of Urban Economics (1992)

There is no abstract, but the paper describes first-best solutions to the abandonment of automobiles,...

 

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The Robustness of Hedonic Price Estimation (with JAMES C. MURDOCH, MARK A. THAYER, and DONALD M. WALDMAN), Land Economics (1988)

There is no abstract for this article; it begins with the Introduction.

 

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Morbidity and Pollution (with RONALD J. KRUMM), Journal of Environmental Economics and Management (1982)

Time-series analysis of effects of pollutants on emergency hospital admissions indicates important synergistic interactions among...

 

Urban/Regional Economics

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Spatial Equilibrium in the Labor Market, Handbook of Regional Science (2013)

The paper discusses two approaches to spatial equilibrium in the labor market. The more traditional...

 

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THE PECULIAR IMMOBILITY: Regional affinity and the Postbellum Black Migrant (with ROBERT L. SEXTON and RICHARD VEDDER) (2012)

Why did newly freed slaves and their descendants wait a half a century before migrating...

 

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The Economics of Ghost Towns (with STEPHAN WEILER and EMILY E. TYNON), Journal of Regional Analysis and Policy (2009)

The ghost towns of the American West are both intriguing historical artifacts and reflections of...

 

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Non-Optimal Levels of Suburbanization, Environment and Planning A (2003)

Suburbanization has many causes, among which is the attempt to relocate to acquire a more...

 

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Amenities and Fringe Benefits: Omitted Variable Bias (with ROBERT L. SEXTON and MICHELLE M. ARTHUR), American Journal of Economics and Sociology (1999)

If labor is fairly mobile, as it is in the United States, one would expect...

 

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Amenities and the Labor Earnings Function, Journal of Labor Research (1999)

Desirable locations are, other things equal, expected to be characterized by a mix of higher...

 

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Examining the Role of Economic Opportunity and Amenities in Explaining Population Redistribution (with PHILIP E. GRAVES), Journal of Urban Economics (1995)

This paper develops a model of migration integrating equilibrium and disequilibrium components in which individuals...

 

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The Role of Equilibrium and Disequilibrium in Modeling Regional Growth and Decline: A Critical Reassessment (with PETER R. MUESER), Journal of Regional Science (1993)

The assumption of interregional equilibrium in migration research has recently been attacked. At issue is...

 

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Controlling the Abandonment of Automobiles: Mandatory Deposits vs Fines (with DWIGHT LEE and ROBERT L. SEXTON), Journal of Urban Economics (1992)

There is no abstract, but the paper describes first-best solutions to the abandonment of automobiles,...

 

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Multimarket Amenity Compensation and the Behavior of the Elderly (with DONALD M. WALDMAN), American Economic Review (1991)

There is no abstract for this work.

 

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On the Role of Amenities in Models of Migration and Regional Development, Journal of Regional Science (1989)

See manuscript for full abstract.

 

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Development, Mobility and Slavery: Real Income and Spatial Equilibrium in the Postbellum South (with ROBERT L. SEXTON), American Economist (1986)

The paper lacks an abstract but provides additional insights into why blacks remained in the...

 

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A Multi-Disciplinary Interpretation of Migration: Amenity Capitalization in Both Labor and Land Markets (with ROBERT L. SEXTON and THOMAS A. KNAPP), The Annals of Regional Science (1984)

Various disciplines have produced models to explain and predict migration. A model is presented providing...

 

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Migration and Job Change: A Multinomial Logit Approach (JUE 1983) (with PETER D. LINNEMAN), Journal of Urban Economics (1983)

See paper for the full abstract.

 

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Migration with a Composite Amenity: The Role of Rents, Journal of Regional Science (1983)

There is no abstract for this work.

 

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Overurbanization and its Relation to Economic Growth for Less Developed Countries (with ROBERT L. SEXTON), Economy Forum (1979)

This paper does not have an abstract but examines the role of urbanization and over-urbanization...

 

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A Life-Cycle Empirical Analysis of Migration and Climate, by Race (JUE 1979), Journal of Urban Economics (1979)

There is no abstract for this work.

 

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Household Migration: Theoretical and Empirical Results (with PETER D. LINNEMAN), Journal of Urban Economics (1979)

See article for detailed abstract.

 

Monetary Economics

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The Velocity of Money: Evidence for the U.K. 1911-1966, Economic Inquiry (1980)

This paper presents secular evidence on the income velocity of money, exploring the issue of...

 

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Relative Risk Aversion: Increasing or Decreasing, Journal of Financial and Quantitative Analysis (1979)

No abstract exists for this work.

 

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New Evidence on Income and the Velocity of Money, Economic Inquiry (1978)

Time series and cross-country empirical results suggest that cash holding as a proportion of income...

 

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Wealth and Cash Asset Proportions, Journal of Money, Credit, and Banking (1976)

This paper has no abstract.

 

Miscellaneous

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THE PECULIAR IMMOBILITY: Regional affinity and the Postbellum Black Migrant (with ROBERT L. SEXTON and RICHARD VEDDER) (2012)

Why did newly freed slaves and their descendants wait a half a century before migrating...

 

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New Entry and the Rate of Return to Education: The Case of Registered Nurses (with SURREY WALTON and ROBERT L. SEXTON), Atlantic Economic Journal (2005)

In the 1970's, the percentage of high school graduates completing RN training increased with little...

 

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Union Myopia and the Taxation of Capital (with DWIGHT LEE and ROBERT L. SEXTON), Journal of Social, Political & Economic Studies (1995)

After an extensive discussion of the nature of the interactions among unions, corporations, and government,...

 

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A Note on Interfirm Implications of Wages and Status (with DWIGHT LEE and ROBERT L. SEXTON), Journal of Labor Research (1987)

This paper does not have an abstract, but examines inter-firm implications of some prior explorations...

 

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Development, Mobility and Slavery: Real Income and Spatial Equilibrium in the Postbellum South (with ROBERT L. SEXTON), American Economist (1986)

The paper lacks an abstract but provides additional insights into why blacks remained in the...

 

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Economics Departmental Rankings: Research Incentives, Constraints, and Efficiency (with JAMES R. MARCHAND and RANDALL THOMPSON), American Economic Review (1982)

There is no abstract for this article; it begins with the Introduction.

 

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Overurbanization and its Relation to Economic Growth for Less Developed Countries (with ROBERT L. SEXTON), Economy Forum (1979)

This paper does not have an abstract but examines the role of urbanization and over-urbanization...

 

Macroeconomics

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Appropriate Fiscal Policy over the Business Cycle: Proper Stimulus Policies Can Work (2010)

Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama...

 

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Economic Growth and Business Cycles: The Labor Supply Decision with Two Types of Technological Progress (2009)

An informal model is described that leads to multiple macroeconomic equilibria as a consequence of...

 

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Voodoo Multipliers Revisited: Public Policy For Recessions and Boomtimes, Working paper (under review at Economists' Voice (2009)

There is no abstract for this brief column.

 

Theology

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A Scientific Rationale for Belief in God?, Journal for Interdisciplinary Research on Religion and Science (2009)

This paper presents a concise scientific rationale for the existence of God. The works of...

 

Political Economy

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An Implementable Institutional Reform that Transfers Control of Government Spending Levels from Politicians to Voters (2009)

Elected representatives have little incentive to pursue the interests of those electing them once they...

 

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Union Myopia and the Taxation of Capital (with DWIGHT LEE and ROBERT L. SEXTON), Journal of Social, Political & Economic Studies (1995)

After an extensive discussion of the nature of the interactions among unions, corporations, and government,...

 

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Speed Variance, Enforcement, and the Optimal Speed Limit (with DWIGHT LEE and ROBERT L. SEXTON), Economics Letters (1993)

A model of the optimal speed limit is developed which explicitly recognizes the roles of...

 

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Statutes versus Enforcement: The Case of the Optimal Speed Limit (with DWIGHT R. LEE and ROBERT L. SEXTON), American Economic Review (1989)

There was no abstract for this paper.

 

Economic Education

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The Educational Choice Anomaly for Principles Students: Using Ordinary Supply and Demand Rather than Indifference Curves (with ROBERT L. SEXTON and LAUREN CALIMERIS) (2010)

The “surprise value” of many economic observations makes our discipline quite interesting for many students....

 

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Cross-Price Elasticity and Income Elasticity of Demand: Are Your Students Confused? (with ROBERT L. SEXTON), The American Economist (2009)

The authors demonstrate that most textbooks are ambiguous at best in their treatment of cross-price...

 

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Demand and Supply Curves: Rotations Versus Shifts (with ROBERT L. SEXTON), Atlantic Economic Journal (2006)

There is no abstract for this brief contribution.

 

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Slope Versus Elasticity and the Burden of Taxation (with ROBERT L. SEXTON and DWIGHT R. LEE), Journal of Economic Education (1996)

There is no abstract for this brief paper.

 

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The Short-and Long-Run Marginal Cost Curve: A Pedagogical Note (with ROBERT L. SEXTON and DWIGHT R. LEE), Journal of Economic Education (1993)

There is no abstract for this brief contribution.

 

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Incorporating Inventories into Supply and Demand Analysis (with ROBERT L. SEXTON, ROBERT W. CLOWER, and DWIGHT R. LEE), Atlantic Economic Journal (1992)

There is no abstract for this brief contribution.

 

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Monopoly Supply (with G. K. KRIPALANI, G. S. TOLLEY, and R L. SEXTON), Atlantic Economic Journal (1990)

There is no abstract for this brief contribution.