Public Scholarship and Economics: Engaging Students in the Democratic Process

Public scholarship is an emerging pedagogical practice that integrates teaching, research, and service in ways that expand student learning by tackling critical, topical problems and generating real solutions. This paper describes the use of a course on women and the economy in two widely disparate institutions to demonstrate the process of integrating public scholarship in economics.     

成都独角兽岛启动区景观设计LIM实

通过介绍成都独角兽岛启动区的设计和施工建造过程, 结合项目实际情况,有选择性地在风景园林设计的不同阶段,利 用相对的数字化信息模型技术来阐述和分析设计行业信息模型在 风景园林空间设计上的项目管理、设计技术、合作对接、质量把 控及施工建造等方面的实践经验。以此为例,探讨在行业中的实 践现状和发展风景园林信息模型(LIM)的必要性。     

Internet Jurisdiction for E-commerce

Internet jurisdiction is an area of increasing concern to e-commerce because of the growth in cross-border e-tailing, both within the United States and globally. Therefore, the need for a global solution is also increasing. In response, this article first defines Internet jurisdiction, also known as cyber jurisdiction, and discusses the risks of Internet jurisdiction for retailers and consumers. Drawing from legal research, the authors examine the legal theories for jurisdiction and the application to e-commerce. Their focus is on United States law because both US and foreign businesses must understand US jurisdictional law due to increased globalization from expanding international trade and more frequent contact with US companies and markets brought about by the Internet. Since standards and case law are still developing worldwide, the authors conclude by providing managerial recommendations to reduce the uncertainty of jurisdiction, should legal action be initiated.     

Output‐Based Performance Pay,Performance‐Support Bias,and the Racial Pay Gap within a Large Retail Stock Brokerage

We measure sources of racial inequality in stockbroker pay. Pay differences arise from sales differences. We measure the extent to which sales differences are due to performance‐support bias, whereby African American brokers receive weaker firm supports, or to forces outside the firm, including client access, selection, and consumer discrimination. Data on firm policies are matched to sales results. Data on self‐generation of accounts measure access to wealthy clients. Sales generated from accounts with sales histories show racial differences in sales arising from selection or consumer discrimination.     

The CAB'S Struggle to Establish Price and Route Rivalry in World Air Transport

A bstract . Almost from the beginning of international air transport , this industry, while regulated by the U.S. Government, has enjoyed exemption from prosecution under the antitrust laws. In 1946 leading airlines of Western Europe, Canada and the United States organized the International Air Transportation Association , which the Civil Aeronautics Board later charged was a cartel regulating prices, schedules and routes in the interest of the profits of the carriers. In 1978 the board began trying to establish price and route competition in the industry's foreign operations, as well as in the domestic services. The board's efforts to deregulate the industry to make it responsive to market forces continued through the Ford, Carter and Reagan presidencies and the evidence so far available suggests that they have achieved a substantial degree of success.     

A social economist’s search for justice

Address delivered on October 15, 1992 at Villanova University, Villanova, Pennsylvania. (This lecture was co-sponsored by the University’s College of Commerce and Finance and the Sesquicentenial Committee.)     

THE NEGATIVE RELATION BETWEEN DAILY INDEX RETURN SERIAL CORRELATIONS AND CONDITIONAL VARIANCES: DOES IT HAVE MATHEMATICAL OR ECONOMIC ORIGINS?

Previous research finds a negative relation between daily index return first-order serial correlations and conditional variances. However, this finding should not necessarily be surprising since an inherent, negative mathematical relation exists between the two measures. I use progressively longer holding-period intervals for conditional variance estimation to diminish the mathematical correspondence between variances and daily serial correlation. In the process, approximately two-thirds to three-quarters of the negative relation vanishes. Thus, most of the negative relation documented previously is likely due to mathematical relations. What is left may have minor economic importance.