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作者：BISHOP, JA; FORMBY, JP; THISTLE, PD
作者单位：University of North Carolina; East Carolina University; Western Michigan University; University of Alabama System; University of Alabama Birmingham
摘要：This paper investigates interstate variation in income inequality. By avoiding inequality indices and focusing directly on Lorenz curve, we provide a more general explanation of the differences in inequality. We find that mean family income, the standard deviation of years of schooling, per capita educational expenditure, and property income are robust predictors of inequality. Of particular interest is our finding that, ceteris paribus, higher per capita educational expenditures tend to be as...
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作者：BUNCH, DS; SMILEY, R
摘要：To deter entry into new product markets, firms most often use the creation of product loyalty through advertising, and the preemption of markets through numerous and broad patents. Filling all product niches, masking the results for highly profitable divisions, and advertising are used most frequently for existing products. For newly developed products, strategic entry deterrents are used more often when markets are concentrated, populated by large firms, and research intensive. Strategic entr...
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作者：KNAPP, LG; SEAKS, TG
作者单位：University of North Carolina; University of North Carolina Greensboro
摘要：Federally insured student loans constitute an area that is almost completely unexplored by researchers despite intense scrutiny that federally insured loans are receiving after the S & L collapse. Based on a probit model of default for two thousand guaranteed student loans, we find that individual characteristics (including parents' income, presence of two parents at home, student's graduation, and student's race) have a significant impact on default rates, while institutional characteristics ...
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作者：FRAZIER, TP; GOLDBERG, MS; GULLEDGE, TR
作者单位：George Mason University
摘要：This paper analyzes the effect of two Department of Defense (DoD) policies on the investment behavior of the military aircraft industry. The first policy concerns progress payments, which govern the rate at which DoD reimburses costs expended by contractors. The second policy concerns a markup on capital equipment, which was explicitly designed to promote investment. The effects of these policies are examined using time-series data on four large aerospace contractors.
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作者：KIM, SW
摘要：The conventional model of the housing market does not take into account the search process for a suitable housing unit. Based on a dynamic search theory, this paper develops and estimates a truncated regression model of the rental housing market with stochastic and unobserved truncation points. Our model provides a joint estimation of the hedonic price and the reservation rent equations. The results turn out to be superior to the ordinary least squares estimates of either the traditional housi...
