Digital Commons Network^™

Hamp: Doomed From The Start, Marc Gans

Marc Gans

This paper will critique the effectiveness of the government's Home Affordable Mortgage Program (HAMP) and its companion programs, and dissect what went wrong. This will include an analysis of strategic defaults, securitization, legal liability, proposed solutions and conclude with what I think should have been done from the start.

Economics Of Residue Harvest: Regional Partnership Evaluation, David W. Archer, David J. Muth Jr., Jacob J. Jacobson, Douglas L. Karlen

Douglas L Karlen

Note: Guiding The Modern Lawyer Through A Global Economy: An Analysis On Outsourcing And The Aba's 2012 Proposed Changes To The Model Rules, Patrick Poole

Patrick Poole

Over the last few decades, the dramatic changes that have occurred in the global economy have similarly altered the landscape for outsourced work both domestically and internationally. One study estimates that as many as 3.3 million white-collar jobs could be shipped abroad by 2015. This growing trend has also substantially affected the unique nature of the legal field. For the past year and a half, the American Bar Association (ABA) Ethics 20/20 Commission has been considering changes to the Model Rules of Professional Conduct as they relate to domestic and international outsourcing. The revision process has included soliciting input from …

Behavioral Advertising: From One-Sided Chicken To Informational Norms, Richard Warner, Robert Sloan

Richard Warner

When you download the free audio recording software from Audacity, you agree that Audacity may collect your information and use it to send you advertising. Billions of such pay-with-data exchanges feed information daily to a massive advertising ecosystem that tailors web site advertising as closely as possible to individual interests. The vast majority want considerably more control over our information. We nonetheless routinely enter pay-with-data exchanges when we visit CNN.com, use Gmail, or visit any of a vast number of other websites. Why? And, what, if anything, should we do about it? We answer both questions by describing pay-with-data exchanges …

Wind Energy Economics: Potential Economic Development In West Michigan, Paul Isely Ph.D., Yue Fan, Erik Edward Nordman Ph.D..

Erik Edward Nordman

Economic analyses conducted by the West Michigan Wind Assessment indicate that wind energy development could generate economic benefits and new employment in West Michigan; however, much of the economic activity occurs during construction and the local benefits depend on how many turbine parts are manufactured locally. As the wind industry grows in Michigan, a higher portion of the spending to construct new wind facilities could remain in the state.

Wind Energy Economics: Production Costs And Additional Impacts, Erik Edward Nordman

Erik Edward Nordman

West Michigan Wind Assessment Issue Brief #6 The economic costs of wind energy development were estimated in compared to costs of coal and natural gas. Excluding subsidies, but including external costs, we found that wind has a lower total cost ($/MWh) than coal, but slightly higher than natural gas.

Economics And Communicating The Cultural Mandate, Derek K. Yonai

Derek K. Yonai

Neoclassical Economics cannot communicate the message of the Cultural Mandate. Neoclassical Economics cannot address the basic question of “what is a good life” and make the connection to economic activity. Neoclassical Economics cannot discuss the Culture Mandate because: it focuses on efficiency, rather than human flourishing; it treats work as a means to an end, rather than a calling; it fails to robustly analyze the role of the entrepreneur. Given these conflicts, Neoclassical Economics fails as a communication tool to discuss the Cultural Mandate. However, an Austrian Economics approach can bridge these gaps. Austrian Economics can bridge these gaps because …

Work Beyond Employment: Representations Of Informal Economic Activities, Colin C. Williams, Sara Nadin

Colin C Williams

The “Ensuing Loss” Clause In Insurance Policies: The Forgotten And Misunderstood Antidote To Anti-Concurrent Causation Exclusions, Chris French

Christopher C. French

As a result of the 1906 earthquake and fire in San Francisco which destroyed the city, a clause known as the “ensuing loss” clause was created to address concurrent causation situations in which a loss follows both a covered peril and an excluded peril. Ensuing loss clauses appear in the exclusions section of such policies and in essence they provide that coverage for a loss caused by an excluded peril is nonetheless covered if the loss “ensues” from a covered peril. Today, ensuing loss clauses are found in “all risk” property and homeowners policies, which cover all losses except for …

A Great Recession In Economics?, Sergio Da Silva

Sergio Da Silva

The number of downloads of economics articles through the repository RePEc showed a sharp drop on the eve of the Great Recession in the economy. This unambiguously occurred with the Blue Ribbon journals, but can possibly be extended to other important journals. If we can perhaps talk of a great recession in economics, in the sense of a general lack of interest in reading economics papers, this may have been part of the overall bearish mood of the time.