Physical Sciences and Mathematics Commons^™

Sperner's Lemma, The Brouwer Fixed Point Theorem, The Kakutani Fixed Point Theorem, And Their Applications In Social Sciences, Ayesha Maliwal

Electronic Theses and Dissertations

Can a cake be divided amongst people in such a manner that each individual is content with their share? In a game, is there a combination of strategies where no player is motivated to change their approach? Is there a price where the demand for goods is entirely met by the supply in the economy and there is no tendency for anything to change? In this paper, we will prove the existence of envy-free cake divisions, equilibrium game strategies and equilibrium prices in the economy, as well as discuss what brings them together under one heading.

This paper examines three …

Research On Formation Of Strategic Alliance And Its Effect On Container Lines’ Efficiency, Hyeonkuk Kang

World Maritime University Dissertations

No abstract provided.

The Economic Analysis Of Mega Containership, Tingyu Jiang

World Maritime University Dissertations

No abstract provided.

Essays In Market Structure And Liquidity, Adrian J. Walton

Electronic Thesis and Dissertation Repository

Market structure concerns the mechanisms for negotiating trades and the composition of trading participants, and can affect liquidity and price efficiency. More gains from trade can be realized from an asset that is more liquid, and a better allocation of risk and capital can be achieved when an asset’s price is more efficient so it is important to understand market structure. This thesis uses theory and empirical methods to examine the effects of a few specific aspects of market structure.

In Chapter 1, we study a novel market structure on the New York Stock Exchange (NYSE), the Retail Liqudity Program …

Using Blockchain Technology To Facilitate Anti-Money Laundering Efforts, Dominick J. Battistini

Economic Crime Forensics Capstones

Money laundering can be defined as any act or attempted act to conceal or disguise the identity of illegally obtained proceeds so that they appear to have originated from legitimate sources (Money Laundering, 2016). It is difficult to determine the magnitude of money laundering because these illicit financial flows remain hidden (Schott, 2006). A report issued by the United Nations Office on Drugs and Crime (UNODC) quoted that the total of all criminal proceeds amounted to $2.1 trillion in 2009. The study also shows that “Less than 1 percent of global illicit financial flows are currently seized and frozen” (Pietschmann …

The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee

Dissertations

This study measures the impact that electrical outages have on manufacturing production in 135 less developed countries using stochastic frontier analysis and data from World Bank’s Investment Climate surveys. Outages of electricity, for firms with and without backup power sources, are the most frequently cited constraint on manufacturing growth in these surveys.

Outages are shown to reduce output below the production frontier by almost five percent in Africa and by a lower percentage in South Asia, Southeast Asia and the Middle East and North Africa. Production response to outages is quadratic in form. Outages also increase labor cost, reduce exports …

Analysis Off Dependent Discrete Choices Using Gaussian Copula, Arjun Poddar

Mathematics & Statistics Theses & Dissertations

A popular tool for analyzing product choices of consumers is the well-known conditional logit discrete choice model. Originally publicized by McFadden (1974), this model assumes that the random components of the underlying latent utility functions of the consumers follow independent Gumbel distributions. However, in practice the independence assumption may be violated and a more reasonable model should account for the dependence of the utilities. In this dissertation we use the Gaussian copula with compound symmetric and autoregressive of order one correlation matrices to construct a general multivariate model for the joint distribution of the utilities. The induced correlations on the …

Variation In Restaurant Sanitary Scores In New York City, Kyle Gregory

Theses and Dissertations

The purpose of this study was to determine whether restaurants that are homogenous in nature would exhibit substantially different hygiene scores based on the underlying consumer learning behaviors present in the neighborhoods in which the restaurants are located.

Spread Trading In Corn Futures Market, Ryan D. Napier

Graduate Theses and Dissertations

The non-linear relationship between old crop – new crop year spreads in corn futures market and stock-to-use (S-U) ratios published by the United States Department of Agriculture is analyzed. Using a non-linear logarithmic smooth transition regression (LSTR) model, we capture asymmetric market behaviors in high and low S-U regimes. Capturing this relationship and understanding the non-linear aspects of the relationship is of interest of grain merchandizers and speculators in the market. A spread trading strategy is simulated for the sample period, January 1985 through April 2015, to determine if the non-linear relationship is a profitable arbitrage opportunity in the market.

Financial Performance In Upstream, Downstream, And Integrated Oil Companies In Response To Oil Price Volatility, Jonathan P. Garcia

Finance Undergraduate Honors Theses

This paper investigates the relation between crude oil price volatility and stock returns among oil companies using a three-part methodology, by using the West Texas Intermediate (WTI) as oil price benchmark. I asses the various indicators that set signals for oil price volatility and the interpretation of each (PMI, S&P500, DJIA, and World Crude Oil Output). This research also focuses on the relation between different types of companies in the oil industry (integrated, upstream, and downstream) and how each type of company will be assessed in a particular way to predict abnormal returns, based on market data and statistical analyses …

Epistemic Considerations On Extensive-Form Games, Cagil Tasdemir

Dissertations, Theses, and Capstone Projects

In this thesis, we study several topics in extensive-form games. First, we consider perfect information games with belief revision with players who are tolerant of each other’s hypothetical errors. We bound the number of hypothetical non-rational moves of a player that will be tolerated by other players without revising the belief on that player’s rationality on future moves, and investigate which games yield the backward induction solution.

Second, we consider players who have no way of assigning probabilities to various possible outcomes, and define players as conservative, moderate and aggressive depending on the way they choose, and show that all …

Essays On Oil Price Volatility And Irreversible Investment, Daniel Joseph Pastor

Wayne State University Dissertations

In chapter 1, we provide an extensive and systematic evaluation of the relative

forecasting performance of several models for the volatility of daily spot

crude oil prices. Empirical research over the past decades has uncovered

significant gains in forecasting performance of Markov Switching GARCH

models over GARCH models for the volatility of financial assets and crude

oil futures. We find that, for spot oil price returns, non-switching models

perform better in the short run, whereas switching models tend to do better

at longer horizons.

In chapter 2, I investigate the impact of volatility on firms' irreversible investment decisions using real …

Electric Power And The Global Economy: Advances In Database Construction And Sector Representation, Jeffrey C. Peters

Open Access Dissertations

The electricity sector plays a crucial role in the global economy. The sector is a major consumer of fossil fuel resources, producer of greenhouse gas emissions, and an important indicator and correlate of economic development. As such, the sector is a primary target for policy-makers seeking to address these issues. The sector is also experiencing rapid technological change in generation (e.g. renewables), primary inputs (e.g. horizontal drilling and hydraulic fracturing), and end-use efficiency. This dissertation seeks to further our understanding of the role of the electricity sector as part of the dynamic global energy-economy, which requires significant research advances in …

How Can We Have A Better Public Transportation System? –An Exploratory Agent Based Model, Boyu Liu

Pomona Senior Theses

Public transportation plays an integral part in a city's development, but transportation professionals disagree about whether it is feasible to increase the capacity of public transportation systems at a reasonable cost; and if it is, how. This study develops an agent based model that aims to answer this question and provide a framework to compare the effects of improvements in different aspects of the public transportation service. The results of this study show that it is possible to increase ridership enough to compensate for the increased operational cost, but only in certain circumstances. Interesting phenomenon that might have showed up …

Envy-Free Fair Division With Two Players And Multiple Cakes, Justin J. Shin

Senior Projects Fall 2016

When dividing a valuable resource amongst a group of players, it is desirable to have each player believe that their allocation is at least as valuable as everyone else's allocation. This condition, where nobody is envious of anybody else's share in a division, is called envy-freeness. Fair division problems over continuous pools of resources are affectionately known as cake-cutting problems, as they resemble attempts to slice and distribute cake amongst guests as fairly as possible. Previous work in multi-cake fair division problems have attempted to prove that certain conditions do not allow for guaranteed envy-free divisions. In this paper, we …

Managing Risks Of Market Price Uncertainty For A Microgrid Operation, Sriram Raghavan

Masters Theses

"After deregulation of electricity in the United States, the day-ahead and real-time markets allow load serving entities and generation companies to bid and purchase/sell energy under the supervision of the independent system operator (ISO). The electricity market prices are inherently uncertain, and can be highly volatile. The main objective of this thesis is to hedge against the risk from the uncertainty of the market prices when purchasing/selling energy from/to the market. The energy manager can also schedule distributed generators (DGs) and storage of the microgrid to meet the demand, in addition to energy transactions from the market. The risk measure …

Nemo's Plight: Political Economy, Green-Cultural Criminology, And Fish Abuse, Jordan Edward Mazurek

Online Theses and Dissertations

Using the Marine Aquarium Fish Trade as a case study, I propose an integrated theoretical framework in green criminology that strengthens the political economic "treadmill of production" theory (see Lynch et al., 2013) by incorporating an analysis of the "cultural grease" that ensures the treadmill’s smooth operation. Choosing fish as a subject matter, though, requires challenging the "thoroughgoing speciesism" (Beirne, 1999) inherent in the mammalian-centric animal abuse literature. To do this I draw from research in marine biology and animal cognition to philosophically establish that fish are moral agents, "subjects-of-a-life" (Regan, 1983) on par with mammals and thus worthy of …

Price Signaling In A Two-Market Duopoly, Matthew Hughes

Williams Honors College, Honors Research Projects

Within any industry, firms typically produce related products over multiple subsequent periods in an attempt to build consumer loyalty and achieve continued sales. Apple releases new iPhones and car companies produce new models every year, relying on consumers believing each new product is of high quality. Firms rely on the spillover effects from previous markets, where firms are able to more easily demonstrate their product's quality to the consumers before purchase. The goal is to find a range of prices which allows the high quality firm to distinguish its type to consumers via the price pH and if spillover effects …

Collective Action And Decision Making: An Analysis Of Economic Modeling And Environmental Free-Riding, Thomas Miller 16

Honor Scholar Theses

No abstract provided.