Import substitution,export promotion and the structure of Brazil's protection

Following a brief introduction the second section of this paper analyzes Brazil's policy of import‐substituting industrialization (ISI), as it relates to a number of variables suggested by economic theory. The third part investigates the inter‐industry structure of Brazil's protection as it relates to the country's comparative advantage in manufactured goods. Finally, the concluding section takes up certain policy implications suggested by the previous analysis.     

Demanding the Impossible: War,Bargaining, and Honor

This article shows that honor concerns can influence war initiation and termination decisions. When bargaining implicates status or commitments to in-group members, moral nationalists may experience dishonor—and with it emotions like shame and humiliation—when they have to make concessions. These honor costs are different from other costs because they can sometimes be vindicated through costly action. Including these costs in a basic, complete information bargaining model demonstrates that honor concerns can give rise to a “fight, then agree” equilibrium. These influences of honor on war initiation and termination are illustrated with case studies of British decisions in the 1982 Falklands War and French decisions during the 1940 invasion of France.     

Estimating Environmental Costs

A database of environmental remediation costs is described as the response cost database (RCD). The database, which contains both capital and operating costs, includes 220 entries for complete activities ranging from studies to remedy components, such as caps, dredging, and pump and treat systems. Information and data sources for the RCD included actual costs from the literature, construction handbooks, and U.S. Environmental Protection Agency-approved software such as RACER. Costs were compared to benchmarks, such as from actual projects, when possible. Guidance on assumptions and scaling is provided with unit costs. The database was developed by environmental engineers experienced in the activities included and thus represents insightful estimation. The RCD may be useful for valuation of environmental portfolios or projects for planning, financial reporting, project management, financing, or mergers/acquisitions.     

Copping out: Why police officers decline to participate in the sergeant’s promotional process

This work examines why police officers decline to participate in the first-line supervisor promotional process to the rank of sergeant. A mail survey, followed by focus group discussions, provides evidence that not seeking advancement is driven by considerations of family, lifestyle choices, and satisfaction with current assignment. Eligible officers who do not seek promotion may be more internally motivated and not driven by the extrinsic rewards attendant to upward mobility.     

An analysis of rent-seeking games with relative-payoff maximizers

In this paper, we introduce relative-payoff maximizing firms into the Tullock model of rent-seeking. These firms try to realize higher (expected) payoff than other firms. As a consequence of this, the outcome of the model changes: Firms, on average, will invest more in the rent-seeking process, the rate of dissipation of the rent becomes independent of the number of rent-seekers, dissipation becomes complete in cases where underdissipation prevails in the original model.