In a stylized model of international trade, a monopolist in the North exports second-hand products to a representative firm in the South to be reused as intermediate goods, with potential trade gains. The degree of reusability of waste products is a crucial choice variable in the North. This is because with a lack of international vigilance, non-reusable waste can be mixed illegally with the re...

Abstract The empirical literature points to a stylized phenomenon of increased demand for hope following adversity. Clotfelter and Cook (1989) suggest that is key sentiment underpinning recreational gambling. Chew Ho (1994, this journal) offer the view being experienced in lottery products when people enjoy delaying resolution uncertainty. Taking air quality as an indicator subjective well-bein...

1 Interdepartmental Neuroscience Program, Yale University School of Medicine, New Haven, CT, United States, Department of Radiology and Biomedical Imaging, Yale University School of Medicine, New Haven, CT, United States, Department of Psychiatry, Yale University School of Medicine, New Haven, CT, United States, Department of Neuroscience, Yale University School of Medicine, New Haven, CT, Unit...

(Pp. 210. $2.75.). Boston, Mass.: House of Edinboro. 1953. THIS is a crusading novel by a former U.S. Army engineer and is concerned with a problem perhaps not so important here as in the United States, but one which the reviewer has encountered once. Laid in a technical college in Pasadena in 1930, it is concerned with a description of what happens when a self-appointed minister counsels again...

Section of Cardiovascular Medicine, Department of Internal Medicine, Yale University School of Medicine, New Haven, Connecticut; Center for Outcomes Research and Evaluation, Yale–New Haven Hospital, New Haven, Connecticut; Robert Wood Johnson Foundation Clinical Scholars Program, Department of Internal Medicine, Yale University School of Medicine, New Haven, Connecticut; Department of Health Po...

How does the opportunity to use tax havens influence economic activity in nearby non-haven countries? Analysis of affiliate-level data indicates that American multinational firms use tax haven affiliates to reallocate taxable income away from hightax jurisdictions and to defer home country taxes on foreign income. Ownership of tax haven affiliates is associated with reduced tax payments by near...

This paper explores both theoretically and empirically whether or not the willingness to pay (WTP) for pollution control varies with income. Our model indicates that the income elasticity of the marginal WTP for pollution reduction is only constant under very restrictive conditions, which are not necessary for an environmental Kuznets curve relationship between pollution and income. Our empiric...

The rapid, degenerate 1,2-hydride shift in 2,3-dimethyl-2-butyl cation in stable solution in SbF5/ S02C1F was perturbed by deuterium and 13C leading to splittings observed by 13C NMR spectros­ copy over a range of temperatures. Accurate values for equilibrium isotope effects were obtained from these data. Theoretical calculations of the equilibrium isotope effects were performed using the Gauss...