...An Essay on Fiscal Federalism Wallace E. Oates Journal of Economic Literature, Vol. 37, No. 3. (Sep., 1999), pp. 1120-1149. Stable URL: http://links.jstor.org/sici?sici=0022-0515%28199909%2937%3A3%3C1120%3AAEOFF%3E2.0.CO%3B2-A Journal of Economic Literature is currently published by American Economic Association. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/aea.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact support@jstor.org. http://www.jstor.org Tue Apr 24 17:00:09 2007 Journal of Economic Literature Vol. XXXVZZ (September 1999) pp. 1120-1 149 An Essay on Fiscal Federalism 1. Introduction ISCAL DECENTRALIZATION is in vogue. Both in the industrialized and in the...
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...Running Head: ECONOMICS ESSAY III 1 Economics Essay III Task: Write an essay that describes the relationship between regulation and market structures and how regulations affects the market. A Define Industrial Regulation Explain why industrial regulation exists, how it affects the market, provide entities affected by industrial regulation in terms of market structure, and why industrial regulation affects those entities. Economic regulation is a form of government intervention designed to influence the behavior of firms and individuals in the private sector (Econ Guru Web). Other forms include public expenditures, taxes, government ownership, loans and loan guarantees, tax expenditures, equity interests in private companies and moral suasion. It is the imposition of rules by a government, backed by the use of penalties, that are intended specifically to modify the economic behavior of individuals and firms in the private sector, regulation in general is aimed at narrowing choices in certain areas, including prices (airline fares, minimum wages, certain agricultural products, telephone rates), supply (broadcasting licenses, occupational licensing, agricultural production quotas, pipeline certificates "of public convenience and necessity"), rate of return (public utilities, pipelines), disclosure of information (securities prospectuses, content labeling), methods ECONOMICS ESSAY III 2 of production (effluent standards, worker health and...
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...ECONOMICS 201: PRINCIPLES OF MACROECONOMICS Fall Term 2015 2:00-3:15 PM Mondays and Wednesdays Room 1090 CASL CRN # 11014 Section 004 Carol Hogan Office Hours: 10:00-10:45 AM 2190 Social Sciences Building Mondays and Wednesdays, 1:00- 313-436-9181 1:45 PM Mondays and Wednesdays, clhogan@umich.edu 5:00-5:45 PM Mondays, and by appointment |ECON 201 - Prin: Macroeconomics | |Together with ECON 202, this course serves to introduce the student to the basic ideas and concepts of modern economic analysis, and applies| |them to current economic problems, policies and issues. The focus of this course is on macroeconomics: income and wealth, employment, and | |prices at the national level in the United States economy. It is recommended that students take ECON 201 before ECON 202. MATH 105 is highly| |recommended but not required. (F,W,S). | |ECON 201 - Prin: Macroeconomics | |Together with ECON 202, this course serves to introduce the student to the basic ideas and concepts of modern economic analysis, and applies| |them to current economic problems, policies and issues. The focus of this course is on macroeconomics: income...
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...A. Summarize the four major pieces of legislation collectively known as the Antitrust Laws. Antitrust laws were put in place to make business’s compete fairly. These fall into four main areas: agreements between competitors, contractual arrangements between sellers and buyers, the pursuit or maintenance of monopoly power, and mergers. The four major pieces of legislation collectively known as the Antitrust Laws are; the Sherman Antitrust Act, the Clayton Antitrust Act, the Federal Trade Commission Act and the Celler-Kefauver Act of 1950. The Sherman Antitrust Act has two categories that are targeted; ○ to restrain or prevent trade among states or foreign nations ○ prohibit against monopolies. ○ Only the United States Department of Justice has the power to prosecute individuals who are suspected of violating this act, (unless the individual state has the power granted by its own antitrust legislation.) The Federal Trade Commission Act ○ created the Federal Trade Commission ○ gave the Commission the power to enforce United States Antitrust legislation. The Clayton Antitrust Act ○ passed to prohibit mergers and acquisitions when those would substantially lessen competition. ○ enabled state attorney generals the ability to prosecute and enforce federal antitrust laws. ○ outlawed price discrimination, regulated stock acquisitions, and tying contracts ○ The Robinson - Pitman Act amended the Clayton Antitrust Act by banning...
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...ECON 201 Dr. Peach Fall 2015 Research Report #2: The Minimum Wage In Research Report #2 you will be analyzing state-level differences in the minimum wage. In your essay, answer the following questions with data from the sources provided at the end of the assignment. Only use data from the sources provided! Remember, this is an academic essay so it should read as such. Note: the unemployment rate and per capita income for the U.S. are not the average of these variables across the 50 states. In your essay answer the following questions using economic theory, data, and your own insights. Your essay should be about 500 words in length (about 2 pages double-spaced with standard font and margins). The page length does not include your tables. Include the following heading information: Your Name Section You Attend The Minimum Wage and Unemployment in the United States Questions to Answer 1. What is the rational for implementing a minimum wage i.e. what is its intended purpose? 2. Which states have a minimum wage that is higher than the federal minimum wage? Include Washington, D.C. as a state. 3. Which state has the highest minimum wage? What is it currently? What feature of it makes it likely that it will increase over time? 4. Create a table with the unemployment rate in August 2015 for the states referenced in question 3. Calculate the average unemployment rate for the group. Is this average higher or lower than the national unemployment rate for...
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...DEPARTMENT OF ECONOMICS Course: International Business Module, 2004/2005 Course Lecturers: Sougand Golesorkhi (B10) Kwok Tong Soo (B47a) Tutors: Alina Petrescu Jasleen Sindhu Tatiana Boroditskaya Zoe Whang Tel: + 44 (0) 1524594418 (Soo) Email: s.golesorkhi@lancaster.ac.uk k.soo@lancaster.ac.uk Please note that the Departmental Office is open every weekday, 9-11am & 2-4pm. You should consult the Part 1 notice board at regular intervals throughout the term. This is located outside B34 in the Management School. Students should note that the principal method of communicating administrative matters will be via Lancaster e-mail accounts. Also note that there is a Part 1 Economics discussion space (for 101 and 102 students taking the International Business option) that students and staff can access via the following URL: http://domino.lancs.ac.uk/econ/intbus.nsf. If you have queries regarding your Economics studies you can attend one of the drop in sessions in which a member of staff is available to help you with any aspect of the course with which you are struggling. Details of the times and locations of the drop in sessions will be posted on the Part 1 notice board. Course Aims: The aims of the course are to: • introduce students to a variety of international business issues, including international trade, international investment, international labour flows, and the market for foreign exchange. • provide students with an...
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...| GRADUATE SCHOOL OFFICECoursework Submission Form | P03-F01 | INFORMATION | STUDENT TO COMPLETE IN FULL (To be fastened securely to the front of all coursework. It is your responsibility to also attach any additional items. E g. CD, …) Please tick if you are: Foundation Diploma √ Undergraduate Postgraduate Others Please Use Block Capitals 1 | Module Code & Title | ECON 0203 MACRO ECONOMICS | 2 | Course | | 3 | Name of Lecturer | MR PERZEUS JAMES | 4 | Submission Date | 3 APRIL 2015 | Please tick if this assignment is re-submission Please ensure that you have signed the declaration below before submitting your assignment. For group assignments, all students in the group must sign the declaration. I/We understand that: This assessment item is entirely my/our own original work, except where I/we have acknowledged use of source material [such as books, journal articles, other published material, the Internet, and the work of other student/s or any other person/s]. This assessment item has not been submitted for assessment for academic credits in this, or any other course at FTMS College or elsewhere. I/We understand that: The assessor of this assessment item may, for the purpose of assessing this item, reproduce this assessment item and provide a copy to another member of the college. The assessor may communicate a...
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...* Skip to Navigation * Skip to Content TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory * Join * Search * Browse * Saved Papers ------------------------------------------------- Top of Form Search Bottom of Form * Home Page » * Computers and Technology Unit 4 Research Paper In: Computers and Technology Unit 4 Research Paper A port expander is a device that allows one port on a computer system to connect to multiple devices. There are two forms of port expanders: internal and external. An internal expander has a connection inside the computer, typically on the motherboard and the only part the user sees is the expansion plate that contains multiple ports. As for an external device, it plugs into the existing port and then has multiple places to connect. The most common versions are used for USB and Ethernet ports. There are numerous types of ports that have available port expanders for them. Here is a list that I have compiled: * Ethernet port expander * Firewire port expander * DB-25 port expander * Serial port expander * USB port expander * VGA port expander * DVI port expander * SCSI port expander * Audio port expander * Video port expander * Microphone port expander * RS-422 port expander * Modbus serial port expander * SATA port expander * SAS port expander * SSD port expander Port expanders are generic devices that can be used with any computer as long as the computer...
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...course you’ve ever taken. Economics will change the way you view the world. In preparation for this September, I would like you to read selections from New Ideas from Dead Economists, by Todd Buchholz. If you haven’t already bought it at the PTSA book sale, you’ll probably be able to find it with no difficulty in the local bookstore or library, and it’s available on Amazon.com. New Ideas traces the development of the study of economics, focusing one by one on many of the most influential economic thinkers of the Modern Era. Buchholz’s historical approach makes this a useful bridge between your study of history over the last few years and the study of economics. Please read Chapters 1, 2, 4, 9 and 10. I’ve selected these chapters as the ones that are most in sync with the early part of the AP Econ curriculum. Feel free to read the other chapters if you’re feeling ambitious; you might especially enjoy Chapter 3 on Malthus, Chapter 6 on Marx and/or Chapter 11 on Public Choice Theory. The questions that follow below will guide your reading and help you to process the ideas of some notable economists. Answer the questions that follow and hand them in on the first day of class. You will also take a test during the first week of school on the reading. Please note that a poor grade on the test will invite closer scrutiny of your written response to the study questions. You may not consult with other students, past or present, in answering these questions. Any evidence of cheating will...
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...ECON 312 MIDTERM EXAMS Click Link Below To Buy: http://hwaid.com/shop/econ-312-midterm-exams/ Page: 1 2 Question 1. Question : (TCO 1) As a consequence of the condition of scarcity Question 2. Question : (TCO 1) The opportunity cost of constructing a new public highway is the Question 3. Question : (TCO 1) Which situation would most likely cause a nation's production possibilities curve to shift inward? Question 4. Question : (TCO 1) Which expression is another way of saying "marginal cost"? Question 5. Question : (TCO 1) The individual who brings together economic resources and assumes the risk of business ventures in a capitalist economy is called the Question 6. Question : (TCO 1) The Soviet Union economy of the 1980s would best be classified as Question 7. Question : (TCO 1) The simple circular-flow model shows that workers, entrepreneurs, and the owners of land and capital offer their services through Question 8. Question : (TCO 1) Laissez-faire capitalism is characterized by Question 9. Question : (TCO 1) Consumer sovereignty and "dollar votes" guide the market system in dealing with which fundamental question? Question 10. Question : (TCO 1) A major problem with state ownership of resources is that it does not Question 11. Question : (TCO 2) An increase in product price will cause: Question 12. Question : (TCO 2) At the point where the demand and supply curves intersect Question 13. Question : (TCO 2) Black...
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...Public Disclosure Authorized WPS5314 Policy Research Working Paper 5314 Public Disclosure Authorized Regional Trade Agreements Caroline Freund Emanuel Ornelas Public Disclosure Authorized Public Disclosure Authorized The World Bank Development Research Group Trade and Integration Team May 2010 Policy Research Working Paper 5314 Abstract This paper reviews the theoretical and empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in the past 15 years. The discriminatory character of these agreements has raised three main concerns: that trade diversion would be rampant, because special interest groups would induce governments to form the most distortionary agreements; that broader external trade liberalization would stall or reverse; and that multilateralism could be undermined. Theoretically, all of these concerns are legitimate, although there are also several theoretical arguments that oppose them. Empirically, neither widespread trade diversion nor stalled external liberalization has materialized, while the undermining of multilateralism has not been properly tested. There are also several aspects of regionalism that have received too little attention from researchers, but which are central to understanding its causes and consequences. This paper—a product of the Trade and Integration Team, Development Research Group—is part of a larger effort in...
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...Term Paper On Dutch Bangla Bank Letter of Transmittal Acknowledgment This assignment based on “General Banking Practices- A Case Study Of Dutch-Bangla Bank Limited” has been prepared for the requirement of the Bachelor of Business Administration, under the supervision and coordination of Mr. Mohammed Abu Rayhan, Department of Finance, Faculty of Business, ASA University Bangladesh. I would like to start my acknowledgment by thanking Mr. Mohammed Abu Rayhan for assigning me the topic and for his cooperation and guidance to conduct this case study. Special recognition goes to “ASA University Bangladesh” for allowing me to conduct this study and accomplish this assignment. Finally, I would like to give thanks to the Almighty Allah. Table of Contents An Introduction to Bank Dutch-Bangla Bank Limited (DBBL) started their journey by M Sahabuddin Ahmed (Founder & chairman) and the Dutch company FMO in 1995. It is the largest bank in Bangladesh by under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh with the primary objective to carry on all kinds of banking business in Bangladesh. Dutch Bangla Bank is noted to be the first and only local bank in Bangladesh to have an automated banking system. The bank has spent over Tk. 1 Billion in automation upgrades (first bank in Bangladesh to do so). This automation took place in 2003 whereby services of the bank were available uniformly though any...
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...UNDERGRADUATE REGULATIONS & SYLLABUSES 2014 - 2015 THE FACULTY OF SOCIAL SCIENCES TABLE OF CONTENTS MESSAGE FROM THE DEAN ............................................................. 3 UNDERGRADUATE PROGRAMMES ................................................ 4 ACADEMIC CALENDAR 2014-2015 ................................................ 5 DEFINITIONS ...................................................................................... 13 GENERAL INFORMATION & REGULATIONS .............................. 14 General Regulations for Bachelor of Science Degrees 14 Special Regulations for Degrees in Hospitality and Tourism Management........................................................... 27 Franchise Agreements .......................................................... 27 EVENING UNIVERSITY -GENERAL INFORMATION & REGULATIONS ................................................................................... 28 General Regulations for Bachelor of Science Degrees 28 General Regulations for Diploma Programmes ............ 36 General Regulations for Certificate Programmes ......... 37 STUDENT PRIZES .............................................................................. 38 CODE OF CONDUCT ........................................................................ 39 UNIVERSITY REGULATIONS ON PLAGIARISM .......................... 40 THE ACADEMIC SUPPORT/ DISABILITIES LIAISON UNIT (ASDLU) ..............................................................................................
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...com/abstract=860865 Paternalism and Psychology Edward L. Glaeser† Does bounded rationality make paternalism more attractive? This Essay argues that errors will be larger when suppliers have stronger incentives or lower costs of persuasion and when consumers have weaker incentives to learn the truth. These comparative statics suggest that bounded rationality will often increase the costs of government decisionmaking relative to private decisionmaking, because consumers have better incentives to overcome errors than government decisionmakers, consumers have stronger incentives to choose well when they are purchasing than when they are voting and it is more costly to change the beliefs of millions of consumers than a handful of bureaucrats. As such, recognizing the limits of human cognition may strengthen the case for limited government. INTRODUCTION An increasingly large body of evidence documenting bounded rationality and non-standard preferences has led many scholars to question eco1 nomics’ traditional hostility towards paternalism. After all, if individuals have so many cognitive difficulties then it is surely possible that government intervention can improve welfare. As Christine Jolls, Cass Sunstein, and Richard Thaler write: “bounded rationality pushes toward a sort of antiantipaternalism—a skepticism about antipaternalism, but not an affirmative 2 defense of paternalism.” Even if these authors stop short of endorsing traditional hard paternalism, such as sin taxes and prohibitions...
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...An Essay on Agricultural Growth and Development In Latin America Ismael Reyes Jr. ismaelreyes001@mail.fresnostate.edu 105336757 Econ 114: Economic Development of Poor Nations Dr. Antonio Avalos December 2, 2013 MWF 11:00am- 11:50am Fall 2013 It is said that by the time we reach the year 2050, the United Nations estimates the population to have reach 9 billion people globally. Causing the demand for food to double, with much of that demand in developing countries such as Latin America. The development of the agricultural sector in Latin America was been going on since its been colonized, with most of its economy being largely based off of agriculture. So what is stopping Latin America from becoming a food superpower? Although with agricultural production continuing to rise around the world, Latin America’s progression has ben uneven having a lack of appropriate technological innovation and government regulation. Latin America has always have a problem with its timing. After independence became a new trend in Latin America, these countries were left to fend for themselves and develop their own economic strategies. Unfortunately, the development of these strategies took too long and happened too late for them to be able to follow the international trends in trade. Since independence, there have been three phases of economic development in Latin America: export-led growth, inward-looking development, and the promotion of nontraditional exports. During each...
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