ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00647.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00648.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

This paper tests systematic responses of the Federal budget to forecasts of inflation and unemployment. Estimated coefficients from fiscal policy reaction functions are examined to determine whether there are such systematic responses. Additionally, the coefficients of these estimated fiscal policy reaction functions are used to test several hypotheses concerning fiscal policy which have been advanced in the political business cycle and public choice literatures.

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00649.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00650.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

In this paper we analyze the worker's behavior when faced with job offers which include possible temporary layoff spells of varying (known) durations. We show that of the three strategies which can be optimal, two involve search in all or part of the layoffs. We also show that the duration of any particular spell plays no role in determining which strategy is optimal to pursue. And finally, we develop an index for evaluating jobs with different wage and layoff probabilities and show that the worker's reservation wage monotonically increases, decreases or remains constant during the course of a layoff.

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00651.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

This paper is an empirical investigation of the effect of team characteristics on the migration pattern of free agents in Major League Baseball during the period 1976–1979. The results indicate that high‐quality free agents tend to leave winning teams and move to teams in cities with large or rapidly growing populations. The compensation paid to free agents is shown to depend on these team characteristics as well as the players' personal characteristics and market conditi

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00652.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00653.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00654.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

This paper deals with the problems of when and whether to harvest a stand of timber which provides valuable services intact as well as when harvested. The analysis extends a previous treatment with the result that it is optimal not to harvest more often and for a greater number of reasons than had been realized.

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00655.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

The effects of a change in the level of taxation on labor supply are examined under the assumption that the government budget balances. The government spends tax revenues either on redistributions (which are assumed to have an income effect on labor supply) or on other government goods (which are assumed not to influence labor supply). In order for a rise in the tax rate to increase the quantity of labor supplied, it must be that (i) the labor‐supply function bends backward, and (ii) sufficiently little of the increased tax revenues are redistributed. The quantity of labor supplied must fall if all marginal tax revenues are redistribute

ISSN:0095-2583    

DOI:10.1111/j.1465-7295.1983.tb00656.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY