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Country Roads, Take Me Away: Coal Mining And Migration In West Virginia, 1971-2010, James J. Slaughter Dec 2019

Country Roads, Take Me Away: Coal Mining And Migration In West Virginia, 1971-2010, James J. Slaughter

Honors Theses

West Virginia’s population peaked in 1950. Parallel to this, employment in the coal mining industry peaked in 1948. Popular discourse links these two trends together. It is suggested that the decline of the coal mining industry, which was previously a stable source of employment, has led West Virginians to leave the state searching for better job opportunities elsewhere. This thesis uses first-difference regression models to analyze the relationship between lagged year-to-year changes in coal-mining employment and year-to-year changes in net-migration to and from West Virginia. A positive and statistically significant relationship is found between 1-year lagged changes in coal mining …


Frames, Fallacies, And The Market For Lemons, Adam Field May 2019

Frames, Fallacies, And The Market For Lemons, Adam Field

Honors Theses

The purpose of this thesis is to illustrate the impact of an “endowment frame” on risk behavior in games of asymmetric information. Akerlof’s (1970) description of a “market for lemons” led to the creation of a modified screening game into which the endowment frame could be placed. The game was subsequently computerized and administered to 18 test subjects in the Mississippi Experimental Research Laboratory. At the beginning of the experiment, test subjects were randomly assigned to either a control or treatment group. Each participant played 20 rounds of the game and was compensated based on his or her performance. The …


How Will I Afford It? Financial Aid And Its Impact On Higher Education: Evidence From The State Of Mississippi, Daria Herasymova May 2019

How Will I Afford It? Financial Aid And Its Impact On Higher Education: Evidence From The State Of Mississippi, Daria Herasymova

Honors Theses

The cost of higher education, in real terms, doubled in the last twenty years, increasing faster than medical costs, the consumer price index and housing. In 1987, U.S. Secretary of Education, William J. Bennett, in the New York Times article, raised the concern that financial aid has unintended consequences of enabling higher education institution to increase tuition. In this paper, through collection of data and literature review, I examine the drivers behind the rising cost of higher education and test whether the postsecondary institutions in the state of Mississippi exhibit behavior, consistent with the Bennett Hypothesis. Using fixed-effects regression model, …


Understanding Factors Of Sexual Behaviors In Teenagers In Mississippi, Jackson Colburn Jan 2019

Understanding Factors Of Sexual Behaviors In Teenagers In Mississippi, Jackson Colburn

Honors Theses

The primary purpose of this study is to determine the associations between socio-demographic factors and sexual behaviors in teens based on bivariate analysis from the Centers for Disease Control and Prevention’s Youth Risk Behavior Surveillance System survey for 2015. In conducting a comparative analysis of survey data for both the United States and the state of Mississippi, this study aims to depict a picture of the state of teen sexual behaviors both nationally and in Mississippi. A secondary quantitative analysis of the Mississippi survey dataset also sets out to highlight any possible significant relationships between teen sexual behaviors and certain …


Essays On Money And Labor, Kwabena Okyere Boateng Jan 2019

Essays On Money And Labor, Kwabena Okyere Boateng

Electronic Theses and Dissertations

The price-specie-flow mechanism (PSFM) is a theory of the adjustment of the balance of trade and gold flows as a result of deviations in relative prices across countries under a gold standard. The PSFM is central to quantity-theoretic discussions of economic fluctuations under a gold standard as well as analysis of whether central banks follo``the rules of the game'' of the gold standard. In short, the PSFM is the standard working assumption when it comes to gold standard adjustment. However, at least since Adam Smith there has been an alternative to the PSFM that has come to be known as …


The Effects Of Market Fragmentation Around Corporate Events, Justin Steven Cox Jan 2019

The Effects Of Market Fragmentation Around Corporate Events, Justin Steven Cox

Electronic Theses and Dissertations

In Part 1, I investigate the effects of market fragmentation in the liquidity formation of initial public offerings (IPOs). Recent exchange officials cite increases in market fragmentation as a hindrance to the liquidity formation in IPO trading. We find that IPOs are less fragmented at the start of IPO trading relative to later periods in the IPO secondary market. We also discover that more underpriced issues experience greater fragmentation, both lit and dark, at the start of IPO trading. Our study also examines the level of undisplayed liquidity in IPOs, finding more hidden trading at the start of IPO trading …


Innovation, Ceos, And Ipos, Zhilu Lin Jan 2019

Innovation, Ceos, And Ipos, Zhilu Lin

Electronic Theses and Dissertations

In Part 1, I study if CEOs with innovative ability impose a cost upon their firms. I find that while there is a positive effect of a CEO’s innovative ability on firm innovation, the benefit is only when CEO’s innovative ability is useful for the firm. Further, firms with innovator CEOs spend more on R&D projects but with lower efficiency and hold more cash but with lower cash value compared to firms with non-innovator CEOs. These results suggest that innovator CEOs create an overinvestment problem. In Part 2, I study the effects of talent cycling on IPO long-run performance and …


Essays On Bubbles, Production, And Anti-Bubble Policy, Joseph Sebastian De Souza White Jan 2019

Essays On Bubbles, Production, And Anti-Bubble Policy, Joseph Sebastian De Souza White

Electronic Theses and Dissertations

This dissertation provides two papers on asset market bubbles. The first chapter analyzes the welfare effect of anti-bubble policy in a macroeconomic model containing both an asset market and a goods market. Overall this chapter shows that anti-bubble policy decreases the welfare of asset seller increases the welfare of asset buyers and has no effect on the welfare of the production side of the goods market. The second chapter provides examples of strong greater-fool bubbles with three states of the world and three periods. It provides examples of strong greater-fool bubbles at various levels of endowment durability as well as …


Three Essays On Corporate Bonds Issuance And Trading, Violetta Y. Davydenko Jan 2019

Three Essays On Corporate Bonds Issuance And Trading, Violetta Y. Davydenko

Electronic Theses and Dissertations

We explore the bond “clustering” phenomenon, using a sample of bond issuances in 2000-2015. Bond “clustering” is when the number of bonds issued that year exceeds three standard deviations above the mean number of issues for the firm over the sample period. We examine why firms opt for multiple issuances instead of a large one: exhaustion of debt capacity, refunding existing debt, timing favorable market conditions, managing working capital or financing profitable investment opportunities. Results indicate that firms do not cluster due to simply refinancing outstanding debt, but in order to manage their liquidity position and short-tern cash needs, to …


Understanding The Causes Of Female Labor-Force Participation Stagnation In The U.S., Sophia Fosdick Jan 2019

Understanding The Causes Of Female Labor-Force Participation Stagnation In The U.S., Sophia Fosdick

Honors Theses

This thesis examines the stagnation and decline in U.S. women’s labor force participation from the 1990s onwards. Through literature analysis and economic theory, I determined that different subgroups in the U.S. female population between the ages of 25 and 54 had differing trends in labor supply behaviors. I then used regression analysis of U.S. Census data from years 1980, 1990, 2000, and 2010 to chart these behaviors and understand the groups facing the largest decline. Through my data, I found that uneducated mothers of young children were facing the largest decline, with an increasingly negative response as the decades progress, …


The Effect Of Instructional Expenditures On Student Outcomes: Evidence From St. Louis-Area Public School Districts, Noah Antle Jan 2019

The Effect Of Instructional Expenditures On Student Outcomes: Evidence From St. Louis-Area Public School Districts, Noah Antle

Honors Theses

This thesis seeks to contribute to the broader conversation over the relationship between school spending and student outcomes. Using twenty-two public school districts in the St. Louis area, annual data on instructional expenditures and two measures of student outcomes (average composite ACT score and the percentage of high school graduates to enroll at a 2- or 4- year college or university within 180 days of graduation) was collected by request from the Missouri Department of Education and Secondary Education. Regression analysis was conducted with this data to determine whether or not raw changes in instructional expenditures per student or the …


Limited Negotiation In Embedded Ultimatum Games, Alexandros Vasios Sivvopoulos Jan 2019

Limited Negotiation In Embedded Ultimatum Games, Alexandros Vasios Sivvopoulos

Electronic Theses and Dissertations

This study expands on previous work done on signaling/screening take-it-or-leave-it asymmetric information games where excess disputes occur. Two players engage in an embedded ultimatum game in a stylized legal framework of plaintiff versus defendant. The plaintiff has either a low or a high claim on the uninformed defendant. There is a computerized version of the embedded ultimatum game to test replicability of literature results. Two novel variations are introduced. In the first variation multiple sequential offers can be made by the proposer during a single period of the embedded game and in the second real time offers and counteroffers can …


An Investigation Of Recreational Marijuana Laws And Traffic Fatalities, Todd Darby Jan 2019

An Investigation Of Recreational Marijuana Laws And Traffic Fatalities, Todd Darby

Honors Theses

This thesis investigates whether the implementation of a recreational marijuana law in Colorado is associated with a change in traffic fatalities. This thesis utilizes Colorado state-level data in regression analysis with a menu of dependent traffic fatality variables from the Fatality Accident Reporting System data. The only significant relationship found is between the implementation of the recreational marijuana law and marijuana-related traffic fatalities, where the law is found to be largely and positively related with marijuana-related traffic fatalities. However, this paper can draw only limited conclusions owing to the lack of a counterfactual and the short period of post-implementation data …