Browsing by Author "Tower, E"
Now showing items 1-15 of 15
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Buffer stocks are better stabilizers than quotas
(Journal of International Economics, 1981-01-01)Michael Pelcovits (1979, p. 307) recently showed that with an unstable foreign excess supply curve, either a fixed quota or a buffer stock program with a fixed tariff can be used to stabilize domestic price at a given level, ... -
Commercial Policy under Fixed and Flexible Exchange Rates
(Quarterly Journal of Economics, 1973-08) -
Do Chinese Investors Get What They Don't Pay For? Expense Ratios, Loads, and the Returns to China's Open-End Mutual Funds
(Economic Research Initiatives at Duke (ERID), 2016-10-27)In this paper we analyze the performance of China's open-ended mutual funds, using the data of 467 open-ended mutual funds from 60 fund families from January 2010 through April 2015. A paradox emerges. High expense ratios ... -
GMO's Predictions: A Useful Guide for Investors?
(2014-06-05)How successful are stock market predictions? We explore one set of easily accessible predictions by a respected firm, GMO. Specifically, we evaluate how effective GMO’s predicted stock returns have been in guiding investors ... -
How did the 2003 prescription drug re-importation bill pass the house?
(Economics and Politics, 2006-03-01)We examine the major interest groups in the debate over allowing the re-importation of prescription drugs by utilizing a logit model and instrumental variables. Consistent with political support approach, the evidence suggests ... -
Manufacturing Fetishism: The Neo-Mercantilist Preoccupation with Protecting Manufacturing
(Economic Research Initiatives at Duke (ERID), 2016-12-06)Two common views are that a country cannot develop without a strong manufacturing base and that trade restrictions are essential to facilitate the development of that strong manufacturing base and thus spur economic growth. ... -
On the functional relationship between tariffs and welfare
(Journal of International Economics, 1975-01-01)This paper uses a model of trade in two commodities between two countries to establish the following proposition. If the foreign offer curve has no points of inflection and if for each home rate of duty the equilibrium most ... -
On the Shape of the Trade Indifference Curve: Rejoinder to Batra
(American Economic Review, 1976-09) -
Ranking the optimum tariff and the maximum revenue tariff
(Journal of International Economics, 1977-01-01) -
Should the Equities in the North Carolina State Employees’ Pension Fund Be Indexed or Actively Managed?
(Economic Research Initiatives at Duke (ERID), 2016-05-19)R. Ron Elmer is running for Treasurer of the State of North Carolina. He is aware that the high expenses and high turnover associated with active management of portfolios reduce returns. Part of Elmer’s platform is to replace ... -
The Economic Impact - Industrial and Regional - of an Arms Cut
(Review of Economics and Statistics, 1965-08) -
The ranking of alternative tariff and quota policies in the presence of domestic monopoly
(Journal of International Economics, 1977-01-01)Bhagwati demonstrated the nonequivalence between tariffs and quotas in the presence of monopoly. This paper also assumes domestic production to be monopolized and shows that giving import licenses or tariff revenues to the ... -
The Short-Run Stability of the Foreign Exchange Market
(Review of Economics and Statistics, 1967-05) -
THE STAHL-ALEXEEV PARADOX - A NOTE
(JOURNAL OF ECONOMIC THEORY, 1988-02) -
Trade and Industrial Policy Under Oligopoly: Comment
(1988)In this comment we show by example that the optimal tax is not necessarily zero.
