Economic Inquiry

Articles from Vol. 27, No. 2, April

AIDS Testing: An Economic Assessment of Evolving Public Policy
AIDS TESTING: AN ECONOMIC ASSESSMENT OF EVOLVING PUBLIC POLICY Should laissez faire prevail as to the private-market supply of the AIDS antibody test? Applying a recent theorem from the economics of property rights, this paper determines that the...
Coaching Team Production
COACHING TEAM PRODUCTION The actual function of managers is the subject of much debate. Using data on more than 3000 male college basketball players, their coaches, and their skill levels, we find a positive and significant relation between...
Do Prices Lead Money? A Reexamination of the Neutrality Hypothesis
DO PRICES LEAD MONEY? A REEXAMINATION OF THE NEUTRALITY HYPOTHESIS In one class of theoretical models, real effects occur only if changes in money growth are expected to occur in some future period, if expected in the current period, they...
Economics Instruction with Lotus 1-2-3
COMPUTER APPLICATIONS ECONOMICS INSTRUCTION WITH LOTUS 1-2-3 RICHARD E. TOWEY (*) The microcomputer can accelerate the display of classroom material and enhance its visual clarity. Recent display methods have permitted viewing by classes of...
First-Price Common Value Auctions: Bidder Behavior and the "Winner's Curse."
FIRST-PRICE COMMON VALUE AUCTIONS: BIDDER BEHAVIOR AND THE "WINNERS CURSE" JOHN H. KAGEL, DAN LEVIN, RAYMOND C. BATTALIO and DONALD J. MEYER(*) Experimental auction markets are characterized by a strong winner's curse in early auction periods...
Investment and the Nominal Interest Rate: The Variable Velocity Case
INVESTMENT AND THE NOMINAL INTEREST RATE: THE VARIABLE VELOCITY CASE EVAN F. KOENIG(*) Models treating money either as a consumer good or as a producer good are encompassed by a model in which both households and firms use money as a buffer between...
Market Forces and Aircraft Safety: An Extension
MARKET FORCES AND AIRCRAFT SAFETY: AN EXTENSION GORDON V. KARELS(*) Recent work by Chalk focuses on whether market forces provide safe products via stock market reaction to unanticipated events. Chalk finds a $200 million decline in McDonnell Douglas...
SOVPLAN: An In-Class Simulation of Central Planning
TEACHING TOOLS SOVPLAN: AN IN-CLASS SIMULATION OF CENTRAL PLANNING JIM HALSTEAD(*) I. INTRODUCTION SOVPLAN is an in-class exercise designed both to illustrate and to criticize the functioning of detailed, central economic planning at the enterprise...