Wanted: Home-grown industry

Industry-Level Home Bias

This paper examines the home bias phenomenon in international finance at the industry level. Using unique financial datasets, I calculate the sectoral home bias of 27 industries in 43 countries. The empirical findings include: (1) home bias is stronger when and where capital restrictions are greater, (2) nontradable sectors exhibit stronger home bias, and (3) home bias decreases in sectoral pro...

Home grown heterosexually acquired HIV infection.

The public and the health professions might well feel confused about the heterosexual spread of HIV in the United Kingdom. Press headlines swing from dire warnings of a major epidemic to arguments based on the available data that the risks are minuscule, the public education campaigns erroneous, and the policy makers guilty of scare mongering. Two articles published by the Communicable Disease ...

Supply Regulation in the Nursing Home Industry*

In most states, firms in the nursing home industry must obtain a state license, which is known as a Certificate of Need (CON), prior to constructing or expanding a skilled nursing facility. There are two competing theoretical justifications in the economics literature for this regulation of the supply of nursing home beds. The public interest justification for CON regulation is based upon the b...

Diagnosis Wanted

Wanted—Skulls

In order to determine the characters of a race, it is necessary that comparison should be made of at least twenty skulls. It is further desirable to have as many of the bones of the skeleton as possible, as comparison of pelvic and long bones give important results in determining race peculiarities. The Hunterian Museum, now under the direction of Professor Flower, F. E. S., is especially inter...