We present an experimental information market designed to aggregate IT job related information distributed among the traders in the market. The payoffs of the shares in this market were tied to true IT job demand in the real world. This paper focuses on the market outcomes of profit or loss made in this market, and more specifically the factors that may lead to either outcome. We explore the us...

Does public policy designed to promote market competition indeed achieve the intended consequence? Using the wireless industry as a testing field, this paper examines this question by focusing on the impact of mobile number portability (MNP) regulation on competition. We first construct a switching-costs model in which market growth rate and initial market structure are two salient industry cha...

One of the main characteristics of “financialization” is the redistribution of income in favor of shareholders, at the expense of workers. In this paper, we interpret pro-shareholder redistribution as a decrease in both retention ratio and wage share. Using both the Kaleckian macroeconomic model and the Minskyan taxonomy of finance regime, we investigate the long-run effects of such parametric ...

in particular, provided incredibly insightful comments that greatly improved the quality of this piece. Finally, I owe a tremendous amount of gratitude to my husband, Steve, for his unassailable patience and support.

The ethical implications of the growth of for-profit health care institutions are complex. Two major moral criticisms of for-profit medicine are analyzed. The first claim is that for-profit health care institutions fail to fulfill their obligations to do their fair share in providing health care to the poor and so exacerbate the problem of access to health care. The second claim is that profit ...

Achievement of the health-related Millennium Development Goals is dependent on increasing take-up of preventive public health services (PHSs) in developing countries. Poor country governments often lack the resources to provide optimal access to preventive services and a great deal of attention is being directed towards the private sector to fill this void. In many developing countries, the pri...

This paper discusses one important component of the analysis of the decline of the profit rate in the recent decades in Robert Brenner’s Economics of Global Turbulence. Our single focus in this paper is Brenner’s implicit theory of distribution. It must be emphasized from the outset that the present discussion does not question the central role given by Brenner to the profit rate in his investi...

In standard discussions (capitalistic economy), business firms and the income distribution property of production factors are dealt with in a manner in which they are independent from each other. and there is no interaction as such between them. Furthermore, no role whatsoever is assumed for externalities. If we accept that there is interaction between production factors, and these 1actors, bec...

this study was carried out to determine the best rotation with using plants as wheat, soybeans, canola and tomatoes for field planting area of 35 hectares, in 15 kilometers northwest of galikesh in 2010. to this end, by using the cropwat software, appropriate model was selected in terms of net profit and performance (output per unit of water used), in irrigated and rain fed conditions. accordin...

Building on Marx's insights in Chapter 25, Volume I of Capital, an augmented version of the cyclical profit squeeze (CPS) theory offers a plausible explanation of macroeconomic fluctuations under capitalism. The pattern of dynamic interactions that emerges from a 3-variable (profit share, unemployment rate and nonresidential fixed investment) vector autoregression estimated with quarterly data ...