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Now showing items 1-10 of 10
Economics of antibiotic resistance
(1999)
In recent years bacteria have become increasingly resistant to antibiotics, leading to a decline in the effectiveness of antibiotics in treating infectious disease. The first chapter uses a framework based on an epidemiological model of infection in which antibiotic effectiveness is treated as a non-renewable resource. In the ...
Three essays on econometrics
(1997)
This dissertation is composed of three chapters on modern econometric topics. Chapter 1 studies the problem of making inference on structural parameters in instrumental variables regression with weak instruments. It has become well known in the literature that the instrumental variables estimates are strongly biased and the ...
A property rights approach to antitrust analysis
(1998)
In this dissertation I analyze a series of historically important antitrust cases, and demonstrate why the prevailing explanations are either incomplete or incorrect. By conducting fact intensive investigations of changes in demand, production costs, and ownership costs, I identify changes in property rights that explain the ...
Land-tenure institutions and agricultural productivity in post-reform China
(1999)
This dissertation seeks to explain and examine the link between land-tenure institutions and agricultural productivity in China. It offers contributions to two bodies of economic literature. The first is the worldwide literature on land-tenure institutions and agricultural productivity. The second is the literature on ...
Essays on intrahousehold allocation
(1999)
Using a change in the Family Allowance/Child Benefit policy in the UK as a natural experiment, several economic hypotheses of considerable importance are tested. These hypotheses concern the allocation of resources and welfare within families, and decision-making processes which generate that allocation.Data on two-parent ...
Tax reform and corporate investment: Theory and evidence of a Q theoretic approach
(1992)
This research employs a Q theory of investment framework to examine the effects of U.S. tax reform on corporate investment in the 1980's. The Miller-Modigliani theorem suggests that a firm's real decisions regarding capital, labor, and investment will be independent of its financial decisions such as debt leverage, liquidity, ...
Essays on growth, human capital, and income distribution
(1996)
The first two chapters present a pair of endogenous growth models with both physical and human capital and a public education input. These papers contribute to the literature on endogenous growth by analyzing a nonrepresentative agent model. That is, agents are permitted to differ in their initial endowment of both types of ...
Automobile leasing in the United States: why do consumers lease cars?
(1997)
This dissertation examines the process by which consumers decide which automobile to purchase and how to finance their decision. Although prior research of automobile leasing assumed a sequential process in which household's first decided which vehicle to buy and then decided how to pay for it, empirical estimates from this ...
Quality of care, asymmetric information, and patient outcomes in U.S. for-profit and not-for-profit renal dialysis facilities
(1998)
Economic theory suggests that investor-owned firms exhibit superior performance compared to their not-for-profit competitors due to efficiency gains realized from profit maximization incentives. Others argue that ownership type matters less than the incentives provided by the market in which the facilities operate. This ...
Effects of taxation on household portfolio choice and risk taking
(1997)
Tax effects on household portfolio behavior have been a controversial issue. The intuition behind this controversy is that taxes reduce not only expected return but also risk. Since expected return and risk have opposite effects on asset demand, the net tax effects would depend on the relative sizes of these conflicting ...