The effects of inter-league competition on labor market discrimination: assessing the impacts of the world hockey association

This paper argues that the presence of competitive, as opposed to monopsonistic, labor markets should reduce the level of entry discrimination. For those teams that have a “taste” for discrimination, competitive labor markets increase the cost of discriminating, because competition bids-up the salaries of the preferred players, relative to the salaries of the non-preferred players. The paper empirically tests this notion by examining the impact on French Canadian players of the short-lived World Hockey Association (WHA).     

Nondestructive creation: Entrepreneurship and management research in the study of growth

Economists’ focus on institutions in explaining economic growth, while important, can obscure the significant role played by individual entrepreneurs and the process of entrepreneurship. The prevailing view of entrepreneurship in economics (which continues to shape prevailing public policies) centers on Schumpeter's famous concept of “creative destruction.” In the context of sustained high levels of economic growth, as in the recent American experience, I focus on a different feature of entrepreneurship—“nondestructive creation,” in which the uncoordinated contest of ideas and search for new applications of existing ideas generate growth. And this nondestructive creation should be analyzed and can be fostered.     

Where o’ where did my baseball cards go?: Race,performance, and placement in the Topps ERA, 1956–1980

On the surface, baseball cards appear to be little more than uninteresting object of child's play; yet they provide invaluable data for assessing unique aspects of the social order. They reveal much about the state of society when they were produced and the people who collected them. This paper examines the unique numbering system the Topps company developed to differentiate among the “royalty of the diamond” from 1956 to 1980. Their system assigned to each card in a set a number that explicitly designated its placement, while implicitly establishing a hierarchical ordering among the players, ostensibly based on performance. It is arguable whether the numbering system Topps developed was based on performance or the ascribed characteristic of race. The results of our work suggest that player performance, not race, was the primary factor in the assignment of “prestigious” card numbers in Topps’ system.     

The Personal/Group Discrimination Discrepancy

This article extends Allport's (1954) analysis of targets of discrimination by examining why minority group members perceive more discrimination directed at their group than at themselves. Two studies were conducted to explain this personal/group discrimination discrepancy by focusing on the role of stereotypes, which allow people to process information faster. Women (Study 1) and African Americans (Study 2) made ratings of personaland group discrimination while a computer recorded the time it took them to respond. Both took less time to make ratings of group discrimination than personal discrimination. Moreover, the less time it took for them to respond to questions about group discrimination, the larger the discrepancy was between their ratings of personal and group discrimination. These results suggest that the personal/group discrimination discrepancy emerges when minority groupmembers are using a stereotype in which discrimination encountered by their group is believed to be high.     

Explaining third-party success in gubernatorial elections: The cases of Alaska, Connecticut, Maine and Minnesota

In the 1990s alone, four states elected third-party governors. Walter Hickel of Alaska and Lowell Weicker of Connecticut were elected in 1990. Maine elected Angus King in 1994. And Jesse Ventura was elected governor of Minnesota in 1998. In this article, I examine these four cases in an attempt to identify the factors that contribute to third-party electoral success. I apply two models to these cases. The first model, “alternative culture,” holds that certain voters—regardless of specific context—are predisposed to support alternative candidates. The second model, “institutional context,” looks at factors such as name recognition, resources, and access to media as explanations of third-party success. I find that except for the influence of “partisan independence,” there is little evidence to support the persistence of an alternative culture of third-party voting. Rather, these four cases are linked by a context particularly favorable to these alternative candidates.     

Portfolio stock adjustment and the real exchange rate: The Dollar-Mark (DM) and Mark-Sterling

The advent of “freely floating” exchange rates in the 1970's coincided with the emergence of what is known as “monetary” or “asset” models of exchange rate behavior where exchange ratesmove to equilibrate demand for stocks of monies. The fundamental monetary model assumes purchasing power parity holds in the long-run, and therefore exchange rates are determined by the same factors that determine relative prices, to wit, money stocks, real incomes, and nominal interest rates. Though early proponents of the monetary view clearly emphasized its long-run nature, empirical testing has by and large neglected this caveat. Thus a model developed for long-run equilibrium exchange rates has instead been tested many times over on short-run equilibrium rates. The latter require a distinct model of their own. This paper develops a short-run equilibrium exchange rate model based on deviations of the short-run exchange rate from its long-run equilibrium. The model differs in that all variables are cast in real terms. It also differs in that the monetary and current account exchange rate versions are shown to be subsets of the more general wealth/portfolio framework used here. The present model considers, in addition to stocks of monies, stocks of foreign assets, and stocks of domestic wealth.     

Economic globalization and violent civil conflict: Is openness a pathway to peace?

There has been little systematic assessment of the impact of globalization on armed conflict within states. Drawing from bargaining theories of conflict, we posit that the global marketplace functions as an “audience” that rewards or punishes the policy choices of states. Globalization, which connotes an increased exposure to this marketplace, increases the relevance of the “costs” that this “audience” may impose. These prospective costs thus encourage peace and stability, as states that are integrated into the global economy have more to lose by instigating and sustaining violent conflict within their borders. Employing a two-stage Heckman Model, we assess the impact of various facets of globalization, including access to information, trade, foreign investment and aid flows, on intrastate conflict within the developing countries for 1990–1996.     

Winning and ticket allotments in college football

This study focuses on a unique type of political and economic “contest” among various constituents in the state of Alabama. We examine the political and economic battle between Auburn University supporters and their athletic arch-rival, the University of Alabama. We provide a simple statistical analysis that supports the traditional view of “the home field advantage” in athletic contests by applied psychologists in previous studies (Greer, 1983 and Varca, 1980). However, our unique example offers a political arena, which the economic and political “agents” involved used to maintain their homefield advantages. The first solution is a so-called perpetual contract to maintain the game-site in Birmingham, Alabama; the final solutions have brought about a race to increase home stadium capacities by the various institutions. The article offers a unique story which the educator can employ as a pedagogical tool for elementary statistical analysis.     

The problems of Indian history

Most historians write Indian history from a Euro-American perspective. Two great historians illustrate the problem. Francis Parkman wrote the story of the Euro-Americans' victory over the Indians. Bernard Bailyn describes the social process of settlement neutrally, but ignores the Indians. So long as scholars define the American past in this way, Indian history has no significance on its own terms. If they focus only on “intersections” of Europeans and native “obstacles,” Indians are merely symbols. The many problems fall into three categories: structural, methodological, and conceptual.     

Governance structures of socially complex knowledge flows: Exchange, entitlement and gifts

The intangible aspects of knowledge transfer in multinational corporations (MNCs) continue to be a crucial area of research in social science research and raise the issue of knowledge governance structures. The purpose of this conceptual note is twofold. Firstly, we believe that there is more than one governance structure for successful knowledge transfers and flows. We provide a typology of three governance structures: “exchange,” “entitlement,” “gifts.” Secondly, most MNCs will need to take advantage of all three or a combination of these three socially complex governance structures.     

Economic growth, poverty, and the international agencies

During the past few years, the international agencies have been playing down economic growth as the main road to the elimination of poverty and emphasizing the role of asset and income redistribution. The latest reflection of this attitude is the so-called “basic needs” approach. This essay attempts to demonstrate that where economic growth has been sufficiently high and sustained, it has been a powerful means of alleviating poverty. Growth has not “failed”; there is simply not enough International agencies should be cautious in advocating redistribution, for the results .     

Fitting in: Group effects and the evolution of fundamentalism

We provide an evolutionary model of conflict based on dyadic interactions within and between individuals drawn from a society containing fundamentalists and “others.” Thus, the paper presents an asymmetric game representation of group effects. Fundamentalist control of society is inversely related to the degree of social stratification, and fundamentalists’ intolerance of others. If, however, fundamentalism can be feigned (by displaying certain traits), then fundamentalists must balance their intolerance and insularity to take power. The model provides a novel means for distinguishing democratic versus open societies. This leads to a central result characterizing how fair and open societies can peacefully contravene fundamentalism.     

Delineating state groups through cluster analysis

This discussion is extracted from a larger research project in which an attempt is made to remedy the conceptual difficulties surrounding the “middle state” in international relations by defining the middle state vis-à-vis other types of states and without reference to any single dominant ontological framework. In this section of that project, the statistical technique of cluster analysis is used to demonstrate that the international state system contains three delineable state groups (labeled great, middle and small states). This article also demonstrates the use and usefulness of the cluster technique in international relations research.     

Black portraits in African-American literature: A perpective from 1920–1996, including the midwest

What is the effect of sociocultural conditioning in creating black portraits in African-American literature? As twentieth century cultural attitudes change, stereotyped portraits have evolved to more individualized portraits. The question of how these changes have occurred caused me to research the “spirit or ethos” of selected black literature from 1920–1996. After screening various works, I selected authors representing the Harlem Renaissance 1920–1930; the Depression Era 1930–1940; World War II and the Post-War Period 1940–1960; Civil Rights/Black Power Movement 1960–1970; and Contemporary Literature 1970–1996. The results show these particular qualities in African-American Literature: use of explicit, distinctive language and folk idioms; protests against dehumanization and victimization; awakened moral and racial consciousness; emphasis on cultural nationalism; rebellion against racism, and a private search for self-realization by the characters.     

Multicountry dynamic multipliers under fixed and floating exchange rates: An econometric analysis

The present paper attempts to analyze the dynamic multiplier effects of fiscal monetary policies for developed countries in a consistent framework of a global econometric model under both fixed and flexible exchange rate regimes. The paper first discusses the estimation of exchange rate functions for eight developed countries with special reference to “fundamentals” in economic performance such as international gaps in inflation, productivity, expected real rate of return, and so on. The results are then incorporated into the global model to derive and compare dynamic multipliers under both fixed and flexible exchange rate regimes. “Insulation effects” are observed in most cases in terms of both output and inflation, though this differs according to the country. Policy implications are discussed at the end.     

The Simplest Dynamic General-Equilibrium Model of an Open Economy

This paper presents the simplest possible general-equilibrium model of an open economy in which producer and consumer decisions are both intra- and intertemporally consistent. Consumers maximize the present value of the utility of consumption; producers maximize the present value of profits. The model solves for the set of intertemporally consistent prices. The parsimonious structure of the model is achieved by dividing the economy into two producing sectors—exports and domestic goods—and two consumed goods—imports and domestic goods. As a result, there is only one endogenous price per period to be solved for (the price of the domestic good), although “structural” questions, such as the evolution of the real exchange rate, can be posed with the model. Furthermore, with this structural breakdown, the model can be calibrated with national accounts data only. In the paper, we show how to calibrate such a model (including specification of an adjustment-cost function, to avoid “bang-bang” behavior) and use the model to examine various questions where intertemporal issues are important, including terms-of-trade shocks and tariff reform.     

Valuing Diversity and Interest in Intergroup Contact

The present research examines ways in which valuing diversity relates to interest in intergroup contact among members of minority and majority status groups. Using open-ended responses, Study 1 reveals that ethnic minority group members are less likely to perceive that diversity is valued than ethnic majority group members, yet those who perceive that diversity is valued tend to express greater interest in intergroup contact. Surveys of Black and White respondents (Study 2) and ethnic minority and majority respondents (Study 3) indicate similar trends. Moreover, these studies consistently show that valuing diversity uniquely predicts interest in intergroup contact among majority group members, whereas perceiving that outgroup members value diversity predicts interest in intergroup contact among minority group members. Implications of these findings for understanding the role of diversity in intergroup relations, and reformulating aspects of intergroup contact theory, are discussed.     

Minsky and Keynes on speculation and finance

Is Hyman Minsky's “Financial Instability Hypothesis” actually an interpretation of Keynes General Theory? Yes and no. Yes, they both describe an economy dominated by monetary forces in which employment and output dance to the expectations of financial players via speculation. But, no, they do not contain the same analytical structure. Keynes' theory specifies static positions of equilibrium. Minsky's analysis investigates the dynamic processes of the business cycle. Minsky's work might be viewed as the business cycle theory Keynes hinted at, but never completed.     

A phased increase in the U.S. investment rate: Sacrifice times, T-year gains, and investment rate returns

We simulate a phased increase in the U.S. investment rate using a translog production function with technical progress (disembodied and/or embodied). We assume there will be an absorption lag implying that factors are underutilized during the transition to a higher investment rate. We find that the “sacrifice time” (the time that elapses until consumption surpasses the value it would have had under the initial investment rate) is roughly nine years. Across alternative specifications, phase-in periods, and absorption lags, the sacrifice time varies from seven to 13 years, and is insensitive to the percentage increase in the investment rate. With a three-year phase-in of a 20 percent increase in the investment rate with a one-year absorption lag, the average “ecade gain” in output (the percentage gain at the end of a decade) is roughly 4 percent; the decade gain in consumption, 0 percent; the five-decade gain, 10 percent in output and 6 percent in consumption; and the “investment rate return” (the internal rate of return on a permanent increase in the investment rate), 13 percent.     

Stadium size, ticket allotments and home field advantage in college football

This study builds on a conceptual framework that explores of the relationship between relative fan attendance, stadium size and home field advantage in college football. We extend the conceptual model by providing empirical estimates of the impact that various ticket allotment arrangements and home stadium size have on the probability of winning in college football. The Auburn–Alabama rivalry (the “Iron Bowl”) provides a unique case given that the series has been played both at a neutral site with an equal division of tickets, as well as on a home-and-home basis with an uneven ticket split and nonuniform stadium capacities.