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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
The Effect Of Telework, Priscilla Arling
The Effect Of Telework, Priscilla Arling
Scholarship and Professional Work - Business
Priscilla Arling's letter to the editor of "Computerworld".
If Ethanol Is The Answer, What Is The Question, Peter Z. Grossman
If Ethanol Is The Answer, What Is The Question, Peter Z. Grossman
Scholarship and Professional Work - Business
Since 2005, in the face of rising oil and gasoline prices, many Americans have looked to plant-based fuels, particularly ethanol, as the "answer" to our energy dilemmas. Section III examines the issues connected specifically to ethanol, how market forces as well as government subsidies have worked to make corn-based ethanol economically viable at times, why that viability has been lost in recent months even with subsidies, and further, why ethanol from corn on the scale the legislation demands is impractical. Clearly it would be technically possible to produce the mandated 15 billion gallons of ethanol, and distilling capacity will nearly …
Market Efficiency At The Derby: A Real Horse Race, Steven D. Dolvin, Mark K. Pyles
Market Efficiency At The Derby: A Real Horse Race, Steven D. Dolvin, Mark K. Pyles
Scholarship and Professional Work - Business
Using race data from each Kentucky Derby from 1920 to 2005, we examine whether the horse wagering market is efficient. Most prior studies in this arena test potential betting strategies that rely on posted odds, generally finding that it is extremely difficult to devise and implement any consistently successful wager (i.e., market efficiency). We extend these studies by examining underlying determinants of posted race odds, specifically focusing on the experience of auxiliary members (e.g., jockey, breeder and trainer) associated with each entrant. We find that past Derby experience is an important determinant of posted odds and that the odds-making system …
How Do Environmental And Natural Resource Economics Texts Deal With The Simple Model Of The Intertemporal Allocation Of A Nonrenewable Resource, Robert S. Main
How Do Environmental And Natural Resource Economics Texts Deal With The Simple Model Of The Intertemporal Allocation Of A Nonrenewable Resource, Robert S. Main
Scholarship and Professional Work - Business
Textbooks in Environmental and Natural Resource Economics invariably deal with the problem of allocating a non-renewable resource over time. The simplest version of that problem is the case of a resource that is to be allocated over two periods. The resource has a constant Marginal Extraction Cost (MEC). Most textbooks treat this case before moving on to more complex and realistic cases. This paper suggests the results that should be emphasized and the method that should be used to arrive at those results. It also points out the possible confusions that should be avoided. Finally, it examines how several well-known …