Contemporary Economic Policy

Articles from Vol. 20, No. 1, January

Affirmative Action in College Admissions: Examining Labor Market Effects of Four Alternative Policies
Bruce Wydick (*) A rancorous debate continues to rage over the use of affirmative action policies in college admissions. This article uses a simple signaling model to evaluate the labor market impacts of four types of affirmative action admissions...
An Empirical Investigation of the Relations among Wage Differentials, Productivity Growth, and Trade
Basudeb Biswas (*) This article investigates the relations among productivity growth, wage differentials, and net exports in the United States. The time periods considered are the long run and the short run. Cointegration test results indicate that...
Are Policy Rules Better Than the Discretionary System in Taiwan?
Ruey Yau (*) This article investigates whether the Central Bank of China in Taiwan (CBC) would have had a more successful monetary policy during the period 1978:3 to 1999:4 if it had followed an optimal rule rather than the discretionary policies...
Consumer Theory, Home Production, and Energy Efficiency
Philip B. Thompson (*) Arguments about the existence of the so-called energy efficiency gap are typically based on evaluations of efficiency measures as investments whose end result is to reduce the cost of providing a given level of energy services....
Medicare and Inequalities in Health Outcomes: The Case of Breast Cancer
Carol Rapaport (*) This article evaluates whether expanding Medicare to cover those between ages 55 and 64 will improve the health status of these near-elderly individuals. We compare the experiences of near-elderly and elderly women with breast...
Price, Quality, and Service on the Internet: Sense and Nonsense
Richard J. Cebula (*) Faster frictionless, cheaper, better: these are said to be the hallmarks of economic activity on the Internet. Search theory suggests use of the Net could reduce the prices consumers pay, but product branding, price discrimination...
"Smart" Guns: A Technological Fix for Regulating the Secondary Market
James A. Leitzel (*) A "personalized" or "smart" gun will not fire unless it is being used by an authorized individual. Such guns have the potential to reduce the negative externalities of gun ownership while preserving the benefits. Ongoing efforts...
The Demand for Cigarettes in Japan: Impact of Information Dissemination on Cigarette Consumption
Yimin Zhou (*) The authors present a theoretical derivation of cigarette demand and estimate the demand in Japan with prefecture-level data. By examining the impact of information dissemination regarding the health hazards of smoking, the authors...