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2006

Economics

West Virginia University

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Economic Evaluation Of Air Pollution Reduction Of Phase I Power Plants In West Virginia: An Output Distance Function Approach, Huilan Li Dec 2006

Economic Evaluation Of Air Pollution Reduction Of Phase I Power Plants In West Virginia: An Output Distance Function Approach, Huilan Li

Graduate Theses, Dissertations, and Problem Reports

Air pollutants from coal-fired power plants are nonmarket environmental bads. Title IV of the 1990 Clean Air Act Amendments (CAAA) sets the stage for the dirtiest power plants to reduce emissions of SO2 and NO x in two phases. Title IV allocates plants SO2 allowances as a variation of "pollution rights" based on averaged historical emission levels and allows free-trade of allowances. This is the world's first large scale pollutant trading market. Trading allows for improved efficiency, flexibility, and reduced pollution.;This study employs the output distance function approach to evaluate the pollution reduction behavior and efficiency of West Virginia power …


A Socioeconomic And Spatial Analysis Of Obesity In West Virginia: Policy Implications, Anura Kumara Amarasinghe Dec 2006

A Socioeconomic And Spatial Analysis Of Obesity In West Virginia: Policy Implications, Anura Kumara Amarasinghe

Graduate Theses, Dissertations, and Problem Reports

This dissertation integrates both theoretical and empirical insights to facilitate understanding of the current obesity epidemic in WV given heterogeneity in socioeconomic, demographic and built environment characteristics of the state. In meeting this objective, county-level and individual-level health demand analyses using secondary data sources were conducted. County-level obesity differences were studied using spatial and non-spatial random and fixed effects frameworks under a panel data structure. Individual health demand was investigated by recursive estimation of individual health responses to ordered self-assessed health (SAH) in terms of lifestyle choices, socioeconomic, demographic and built environment characteristics using Behavioral Risk Factor Surveillance System (BRFSS) …


Modeling Small Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia: A Spatial Simultaneous Equations Approach, Gebremeskel H. Gebremariam Aug 2006

Modeling Small Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia: A Spatial Simultaneous Equations Approach, Gebremeskel H. Gebremariam

Graduate Theses, Dissertations, and Problem Reports

In an effort to analyze the interdependences among small business growth, migration behavior, local public services, and median household income, this study developed a simultaneous-equation system under the assumptions of profit maximization of firm and utility maximization of households as well as the neoclassical assumption of equilibrium growth in a partial lag-adjustment growth-equilibrium framework. This model is an extension of the "jobs follow people or people follow jobs" literature and it improved previous models in the growth-equilibrium tradition by explicitly modeling local government and regional income in the growth process. It also explicitly modeled gross in-migration and gross out-migration separately …


An Analysis Of Institutions, Economic Freedom, And The Quality Of Life, Nathan J. Ashby Aug 2006

An Analysis Of Institutions, Economic Freedom, And The Quality Of Life, Nathan J. Ashby

Graduate Theses, Dissertations, and Problem Reports

The impact of economic freedom on the quality of life is the subject of interest for this dissertation. Three separate studies are conducted. The first of these studies in Chapter 2 analyzes the impact of economic freedom on the quality of life in an international panel data study between 1985 and 2000. It is found that economic freedom and in particular well-defined property rights and limited regulation lead to improvement in the quality of life using the Index of Human Progress, an index made up income, health and education indicators, and access to modern technology for individuals in a given …


Network Effects And Spatial Autoregression In Mode Choice Models: Three Essays In Urban Transportation Economics, Frank Goetzke Aug 2006

Network Effects And Spatial Autoregression In Mode Choice Models: Three Essays In Urban Transportation Economics, Frank Goetzke

Graduate Theses, Dissertations, and Problem Reports

Network analysis in transportation economics has traditionally focused on congestion as a negative externality stemming from supply-side capacity constraints. In my first paper paper, an analytical mode choice model is developed to examine the demand-side network effects. The assumption behind the approach is that, because of social network effects, the utility of people taking the mode increases with its mode share. It is found that social network effects change the modal aggregate demand curve for the mode to an inverted u-shape. This result has far-reaching policy consequences, since multiple equilibria become a possibility, causing positive externalities and path-dependency.;Transportation planners have …


Three Essays In Environmental Markets: Dynamic Behavior, Market Interactions, Policy Implications, Irene Margaret Xiarchos May 2006

Three Essays In Environmental Markets: Dynamic Behavior, Market Interactions, Policy Implications, Irene Margaret Xiarchos

Graduate Theses, Dissertations, and Problem Reports

In order to induce or support voluntary environmental behavior, the mechanisms of existing and possible environmental markets must be understood. This dissertation analyzes two issues related to voluntary environmental behavior: (i) The reactions of firms over the long term to stakeholder concerns about the environment (essay one). (ii) Interactions between recycled and primary markets for metals (essays two and three).;Although these essays consider different phenomena, they are underlain by common factors: the exploration of behavior in environmental markets, the importance of profit as a motivation for firms' actions, the centrality of the role of information, and the necessity to look …


Predicting Inflation, And The Relationship Between Financial Integration, Financial *Development And Economic *Growth, Lillian T. Kamal Jan 2006

Predicting Inflation, And The Relationship Between Financial Integration, Financial *Development And Economic *Growth, Lillian T. Kamal

Graduate Theses, Dissertations, and Problem Reports

Three essays are presented. The first essay re-visits the P* model (developed by Hallman, Porter and Small, 1991) with an application to US data. The central idea behind the P* model is that the price level is determined by the money stock, output and velocity. This study brings together criticisms of the P* model together in an attempt to address the major concerns with an improvement upon the existing model. A horse race is then run between the original P* model, two variant P* models, and three other models---an atheoretic naive AR process and an ARMA process as well as …


Three Essays On Political Regimes, Military Spending, And Economic *Growth, Pavel A. Yakovlev Jan 2006

Three Essays On Political Regimes, Military Spending, And Economic *Growth, Pavel A. Yakovlev

Graduate Theses, Dissertations, and Problem Reports

This dissertation is a collection of essays on the issues in political and defense economics. Chapter 1 gives a brief introduction to the role that political and institutional arrangements play in affecting government policy and economic well-being. The second chapter examines how different political regimes and military manpower systems affect the value of life in military conflicts. The results in Chapter 2 show that democracies suffer lower battlefield casualties than dictatorships. Also noteworthy is that more volunteer based armies, per capita income, and economic freedom lead to lower battlefield deaths. Thus, political and economic liberties are found to increase the …


Three Essays On Ipo, Liquidity, And Corporate Governance, Saurav Roychoudhury Jan 2006

Three Essays On Ipo, Liquidity, And Corporate Governance, Saurav Roychoudhury

Graduate Theses, Dissertations, and Problem Reports

The first essay looks at the issue of long run performance of initial public offerings (IPOs). We provide a liquidity based explanation for why certain IPOs underperform in the long run. By separating IPOs into sub-samples based on excess liquidity, considered relative to benchmarks based on size, we find that IPO underperformance from 1993 to 2005 differs significantly based on the excess liquidity of an IPO. In general, positive excess liquidity portfolios tend to underperform compared to negative excess liquidity portfolios one to two years after the initial post IPO portfolio formation period. A potential explanation of the magnitude and …


Three Essays On International Trade: Strategic Trade Policies, Intra-Industry Trade, And Income Convergence, Aziz Ibrahim Saglam Jan 2006

Three Essays On International Trade: Strategic Trade Policies, Intra-Industry Trade, And Income Convergence, Aziz Ibrahim Saglam

Graduate Theses, Dissertations, and Problem Reports

This dissertation illustrates the effects of managerial delegation on strategic trade policies and the relationship between intra-industry trade and income convergence. In the first essay strategic trade policy under duopoly is investigated in a multistage game model with endogenous timing of trade policy. The analysis also includes the separation of ownership and management for each firm. The study is integrated in a single analytical framework. The results show that in the subgame perfect equilibrium of the trade policy game, the home government commits not to use countervailing duties: the home government sets its tariff and production subsidy at stage one …