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The Feasibility Of A Fresh Fruit And Vegetable Processor In Saluda County, South Carolina, Sarah Macdonald Dec 2012

The Feasibility Of A Fresh Fruit And Vegetable Processor In Saluda County, South Carolina, Sarah Macdonald

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ABSTRACT
This research looks at the topic of agriculture and agricultural processing as a means for rural economic development. The purpose of the study is to determine the feasibility and desirability of a fruit and vegetable processor in Saluda County, South Carolina. A fruit and vegetable co-packer was chosen because of positive community response to the idea, large and growing fruit and vegetable production in the county, lack of fruit and vegetable processing in the county and growing demand for fresh cut and frozen produce. The proposed processor would produce sliced, frozen, bagged peaches during peach season and cut, frozen, …


Essays On Eminent Domain And Property Rights, Meng Wang Dec 2012

Essays On Eminent Domain And Property Rights, Meng Wang

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ABSTRACT
Shortly after the Supreme Court's decision in Kelo vs. City of New London, which expanded the scope of eminent domain power, thirty-seven states enacted legislation to restrict their local governments' use of eminent domain. This paper uses a model of the efficient limitation on government discretion to explain (1) the initial responses of local government to Kelo and (2) the subsequent responses of state legislatures. It shows that elimination of the public-use doctrine is plausibly welfare reducing since it introduces additional uncertainty without offsetting expanded benefits. I test two predictions of the theoretical analysis: First, the post-Kelo actions of …


Finding Upstate South Carolina's Consumers' Willingness To Pay For Local Food With A Price Premium Donation To Local Food Banks, Emily Young Dec 2012

Finding Upstate South Carolina's Consumers' Willingness To Pay For Local Food With A Price Premium Donation To Local Food Banks, Emily Young

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The objective of this study is to evaluate Upstate South Carolina consumers' willingness to pay for a system in which local food banks and local farms support one another. The proposed system will be based on local food consumers paying a price premium for locally grown agricultural products, and this premium is then donated to local food banks. The food banks would act as intermediaries to improve sustainability of local farms and in the long term, this system is expected to provide external benefits to local economic development. The study uses a consumer demand mail survey to record opinions about, …


Examining The Short-Run Price Elasticity Of Gasoline Demand In The United States, Michael Brannan Dec 2012

Examining The Short-Run Price Elasticity Of Gasoline Demand In The United States, Michael Brannan

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Estimating the consumer demand response to changes in the price of gasoline has important implications regarding fuel tax policies and environmental concerns. There are reasons to believe that the short-run price elasticity of gasoline demand fluctuates due to changing structural and behavioral factors. In this paper I estimate the short-run price elasticity of gasoline demand in two time periods, from 2001 to 2006 and from 2007 to 2010. This study utilizes data at both the national and state levels to produce estimates. The short-run price elasticities range from -0.034 to -0.047 during 2001 to 2006, compared to -0.058 to -0.077 …


Analyzing The Health Insurance Provision For Young Adults Of The 2010 Patient Protection And Affordable Care Act In Its First Year Of Implementation, Andrew Roehl Dec 2012

Analyzing The Health Insurance Provision For Young Adults Of The 2010 Patient Protection And Affordable Care Act In Its First Year Of Implementation, Andrew Roehl

All Theses

Since the 2010 Patent Protection and Affordable Care Act is so young, very little is known about the effects that the policies that it will put in place will have on our nation's health care system moving forward. Recent releases by the U.S. Census Bureau and the Center for Disease Control and Prevention allow for a thorough analysis of one of the first policies, the adult dependent coverage policy for people under the ages of 26, put into place by this piece of legislation in 2011. The economic models run in this paper look at the strengths and the weaknesses …


The Changing Face Of The Game And Golf's Built Environment, David Hueber Aug 2012

The Changing Face Of The Game And Golf's Built Environment, David Hueber

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ABSTRACT
The history of golf's built environment in the U.S. has reflected the changing face of the game in terms of the number and type of golf courses built, as well as the demographic profile of those playing the game. This study offers insight as to how various socio-cultural and economic forces have impacted the game and golf course development. Since 2000, the golf industry has experienced significant declines in the key barometers of its economic wellbeing as defined by: the decline in the number of golfers and rounds played and the decrease in the number of golf courses.
The …


Financial Liberalization And The Severity Of Systemic Banking Crises, Michael Scott Aug 2012

Financial Liberalization And The Severity Of Systemic Banking Crises, Michael Scott

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Recent macroeconomic events have reinvigorated research in financial crises, namely systemic banking crises. While theoretical and empirical research on the causes and leading indicator of banking crises is vast, empirical literature on the cost of such crises is sparse. This paper addresses that void in the literature. Utilizing a new database compiled by the IMF on financial sector reforms, the correlation between financial sector liberalization and the severity of systemic banking crises is examined. The aspect of financial sector liberalization with the strongest correlation with the severity of systemic banking crises is the level of banking supervision and prudent regulation. …


Essays In International Trade, Matthew Clance Aug 2012

Essays In International Trade, Matthew Clance

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This dissertation consisits of two chapters. Both chapters relate to the effects of trade resistence measures commonly used in the International Trade literature. The first chapter investigates the effects of trade costs on the extensive and intensive margins of trade. The second chapter uses a semi-nonparametric estimation technique to include zero trade trade values and adds additional flexibility to the estimation of trade costs.
Trade literature has made use of the gravity equation since its introduction by Tinbergen (1962) to measure the impact of trade barriers and country characteristics on bilateral trade flows. The new focus of the literature separates …


Essays In Family Economics, Bing Bai Aug 2012

Essays In Family Economics, Bing Bai

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The first chapter examines the effect of the number of years children spend living with a single-parent family instead of a two-parent family on children's completed schooling, based on a sample of children from the PSID. To deal with the endogeneity of mothers' family structure decisions, I exploit the variation across states and over time in unilateral divorce laws, unmarried fertility ratios, welfare rules, earned income tax credit rates, and labor market conditions that generate plausibly exogenous changes in mothers' family structure choices. I construct a set of extensive measures for these contextual variables and use them as instruments to …


Essays On Property Rights Protection And Behavior Of Multinational Enterprices, Liudmila Kashcheeva Aug 2012

Essays On Property Rights Protection And Behavior Of Multinational Enterprices, Liudmila Kashcheeva

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This dissertation explores several related themes in international economics and focuses on uncovering the impacts of government actions on multinational firms' trade and investment decisions.
In the first essay 'Country-level Property Rights Protection and behavior of Multinational Enterprises' I provide the motivation for the other two chapters of this dissertation, and explain why I have chosen country level property rights protection to explain heterogeneity in the behavior of multinational enterprises.
In the second essay 'The role of Intellectual Property Rights in the relation between Foreign Direct Investment and Growth' I study the relation between strength of intellectual property rights (IPR) …


The Role Of Early Head Start In School Readiness, Meron Habtu Aug 2012

The Role Of Early Head Start In School Readiness, Meron Habtu

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This thesis considers the relationship between participation in Early Head Start programs and school readiness for children from low-income families. The work uses longitudinal data from the Early Childhood Research and Evaluation (EHSRE) project that followed 3001 families in 17 Early Head Start Centers from 1996-2010. In the project, data was collected about children's school readiness in three phases: 0-3 years, Pre-K and fifth grade.
In the sample data set, families were randomly assigned to either a treatment group of Early Head Start participants or a control group. Empirical analysis was conducted that compares the test scores of the treatment …


Essays In Labor Economics, Adam Blott Aug 2012

Essays In Labor Economics, Adam Blott

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The three chapters of this dissertation are closely related to one another and pertain to work flexibility. The first chapter uses an occupational choice model to estimate how workers value schedule flexibility in terms of other on the job characteristics. The second chapter also estimates how workers value flexibility using a hedonic wage approach. This method provides an estimate of how workers value schedule flexibility in terms of real wages. In the third chapter I estimate the impact of family structure on the probability that men choose a flexible job.
Flexible work schedules are becoming an increasingly important characteristic for …


The Role Of Family Resources In The Determination Of Child Outcomes, Tengzhen Wang Aug 2012

The Role Of Family Resources In The Determination Of Child Outcomes, Tengzhen Wang

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This thesis studies the role of family resources in the determination of child outcomes, specifically the degree to which family resources affect the child's years of schooling and future income. By analyzing data from the NELS (National Educational Longitudinal Study), it is found that children from families with greater financial resources typically attend school longer and earn more money than children from families with less financial resources. Child personal ability is also found to affect schooling and personal earnings.


Determinants Of Odi From China And Other Emerging Economies: Evidence From New Miro-Level Dataset, Leiyin Zhu Aug 2012

Determinants Of Odi From China And Other Emerging Economies: Evidence From New Miro-Level Dataset, Leiyin Zhu

All Theses

As a former major recipient of foreign direct investment (FDI), China is now turning into a big source. Studies have made great attempts to characterize China's outward FDI (ODI), and have explained the forces behind investment decisions. In our study, we first try to illustrate China's outward investment pattern with a background of BRIC countries in terms of sectorial and geographical distribution. Furthermore, by adopting a micro-level dataset, we are going to show a different picture of what has driven China to conduct ODI in host countries in comparison with Russia within the same framework. Our ultimate goal is to …


Regulation Of Intellectual Property And Contract Structure, Ouida Black Aug 2012

Regulation Of Intellectual Property And Contract Structure, Ouida Black

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This paper seeks to address the newest issue arising between songwriters and their record companies in the music industry which is the underpayment of royalties. This paper will seek to answer if with more and more artists and songwriters suing for compensation due to underpayment of royalties, will artists lose the incentive to create new music and eventually decrease overall production? Clearly defining and regulating intellectual property and the use and efficiency of contracts will be topics for discussion. After testing my hypothesis, some results show no decrease, whereas, other results report some decrease in record company and songwriter incentives …


Demand For Food In Ecuador And The United States: Evidence From Household-Level Survey Data, Cesar Emilio Castellon Chicas Aug 2012

Demand For Food In Ecuador And The United States: Evidence From Household-Level Survey Data, Cesar Emilio Castellon Chicas

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This thesis consists of two essays focused on the estimation of food demand models from household-level data. The first essay examines the approach developed by Lewbel (1989) for the construction of household level commodity price indices (Stone-Lewbel prices) which can be used for the estimation of price effects in demand models. Stone-Lewbel prices are constructed using information on budget shares and Consumer Price Indices (CPIs) of the goods comprising the commodity groups. We consider three alternative CPIs for the construction of the Stone-Lewbel prices: monthly, quarterly and a constant (unity) price index (by a unity CPI we meant that all …


Intraday Volatility Effect Of The Etf Redemption Process On The Underlying Basket Of Stocks, Daniel Medlen Aug 2012

Intraday Volatility Effect Of The Etf Redemption Process On The Underlying Basket Of Stocks, Daniel Medlen

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Since their introduction in the mid 1990's, ETFs have grown rapidly in number and diversified into various markets. In addition they have evolved to become increasingly more complex. While there has been some research in the area of these instruments, most of it has focused on their performance and little in regards to the possible effects they may have on the broader market. The redemption mechanism that is built into most ETFs is a unique aspect of these securities that may have unintended effects on markets due to large volume of securities changing hands. This study shows that as the …


Essays On Effects Of Illness And Supplemental Security Income On Employment, Sarmistha Pal May 2012

Essays On Effects Of Illness And Supplemental Security Income On Employment, Sarmistha Pal

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The first and second chapters examine the disincentive effects of the Supplemental Security Income (SSI) Program's generosity on the employment decisions of prime age blind and/or deaf individuals. Using an individual-level model with state and time-fixed effects and the Difference-in-Difference method, I find only small impacts of an increase in monthly SSI benefits. Grouping all blind and deaf individuals together, the estimated impact of a $100 increase in monthly maximum SSI benefits (about a 17% increase) is only a 0.4 percentage point reduction in labor force participation. The estimated effects from separate analysis by demographic groups, however, suggest larger reductions …


Measurement Error And The Black-White Wage Differential, Jared Huff May 2012

Measurement Error And The Black-White Wage Differential, Jared Huff

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This dissertation encompasses two papers. The first paper examines the impact of measurement errors in potential experience and reported education on Black-White wage differentials. I show that measurement error is not mean zero, is distributed differently for Black and White males and, for experience, is correlated with the value of the variable measured with error. Possible conditional distributions of the true values of education and experience, given reported values, are estimated using auxiliary data. This paper introduces a Maximum Likelihood method to deal with these errors, and evaluates this method as well as other methods currently used in the gender …


Essays In Public Economics, Kathleen Player May 2012

Essays In Public Economics, Kathleen Player

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The first two chapters of this dissertation are closely related and pertain to small business reactions to income tax changes. The final chapter investigates the value consumers place on residential community associations.
Small businesses file taxes in accordance with the personal income tax code because they are considered flow-through entities. Thus, personal income tax reforms directly affect the incentives small business owners face regarding employment and operations. I use the changes in personal income-tax rates during the 1993 and 2001-2003 reforms and micro-level data to estimate the effect of statutory tax-rate changes on small-business employment decisions. I add two contributions …


The Demand For Green Cards, Richard Bruns May 2012

The Demand For Green Cards, Richard Bruns

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I estimate the demand curve for Legal Permanent Residence in the US, and the government revenues and migrant welfare gains that could be achieved by replacing all or parts of the current immigration system with a Uniform Price Auction. Willingness to pay and welfare are based on the net present value of the difference in income that people earn in the US compared to other countries. I obtain an equilibrium annual demand curve by modeling the dynamics of how pent-up demand for residence responds to the introduction of an auction for residence permits. I separately estimate the demand curves for …


Horizontal Subcontracting In Procurement Auctions, Nancy Huff May 2012

Horizontal Subcontracting In Procurement Auctions, Nancy Huff

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A firm submitting a bid in a procurement auction is sometimes also listed as a subcontractor in one or more competing bids. This paper theoretically and empirically examines how such horizontal subcontracting affects welfare and price competition. I first specify a model of horizontal subcontracting which endogenizes the roles of the subcontracting firms as well as a negotiated payment for subcontracted work. The model shows that horizontal subcontracting always weakly increases welfare by enabling more efficient allocation of production but has two opposite effects on price competition: an efficiency effect and a strategic effect. The efficiency effect arises when firms …


The Influences Of Syndication On Broadcast Programming Decisions, Christina Whitehead May 2012

The Influences Of Syndication On Broadcast Programming Decisions, Christina Whitehead

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Syndication is a major factor in the market for television programming. These papers analyze the effects of the off-network syndication market on prime time programming decisions that are made by broadcast networks. The first paper investigates the effects of the off-network syndication (rerun) market on the optimal number of seasons for a prime time television series. The theoretical model predicts that syndication could potentially either increase the number of seasons if the price elasticity of demand for syndication is elastic or vice versa. The empirical analysis consists of a duration model and estimates the effects of first run ratings and …


Financial Inclusion & Economic Development: A Case Study Of Turkey And A Cross-Country Analysis Of European Union, Recep Yorulmaz May 2012

Financial Inclusion & Economic Development: A Case Study Of Turkey And A Cross-Country Analysis Of European Union, Recep Yorulmaz

All Theses

ABSTRACT
Financial development enhances human development, and access to financial services makes a positive impact on people's lives particularly poor people. In addition, financial development reduces income inequality and boosts incomes. Over the last few decades, policymakers have considered financial sector reforms that promote financial inclusion. This paper attempts to show how financial inclusion is correlated with standard measures of economic development and economic well-being. To this end, we first measure the extent of financial inclusion by comparing economies and regions over time. Then, using this index of financial inclusion, we identify the factors associated with financial inclusion using a …


Evidence Of The Shaming Effect: A Look At Ncaa Football, Holmes Hill May 2012

Evidence Of The Shaming Effect: A Look At Ncaa Football, Holmes Hill

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This paper addresses the general theory of shaming and the effects it has on criminal behavior. There has been much debate of the use of shaming in the criminal justice system and the effects it has on criminal behavior. The lack of quantitative data has limited such debates to theory without evidence. This paper applies the theory to NCAA football statistics to study the behavior of football players on the field, to explain the way people and how people respond to shaming. The analysis is based on seasonal team statistics of all division I football teams in correlation with a …


Diminishing Discrimination In English Premier League Soccer, Can Cetegen May 2012

Diminishing Discrimination In English Premier League Soccer, Can Cetegen

All Theses

Racism still represents one of the biggest problems in soccer. Szymanski has proven that racial discrimination exists in English Premier League soccer. This paper shows diminishing discrimination against African origin and foreign players looking at a time period from 2001 to 2010.


Players' Performance Index For Major League Soccer, Joel Correll May 2012

Players' Performance Index For Major League Soccer, Joel Correll

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This paper analyzes player compensation and team finances within Major League Soccer's 2007 season by calculating salaries with respect to the player's marginal revenue product and performance parameters. The player's performance index is a calculated overall value which takes into account variations of weighted in-game actions. This performance index is tied together with a player's marginal revenue product to determine their actual economic value with respect to their 2007 rating. The paper concludes that on average, Major League Soccer as a whole compensates players based on the team's marginal revenue product, and not the individuals. The study also finds clear …