Social and Behavioral Sciences Commons^™

A Note On Mitigating The Adverse Scale Effects Associated With Daily Driving Restrictions, Arthur J. Caplan, Man-Keun Kim

Applied Economics Faculty Publications

This paper investigates the role of additional regulation in mitigating the “adverse scale effect” associated with daily driving restrictions, which has become a popular regulatory tool used to control episodic air pollution internationally, especially in developing countries. We find that although an annual vehicle registration tax reduces the incentive to purchase additional vehicles among households whose sole purpose for doing so is to “cheat” the restriction (i.e., the “adverse scale effect”), it does so with an external cost. The cost occurs because households whose purpose for purchasing an additional vehicle is not to cheat the restriction are given the same …

Using Survey Data To Determine A Numeric Criterion For Nutrient Pollution, Paul Mark Jakus, Nanette Nelson, Jeffrey Ostermiller

Applied Economics Faculty Publications

We present a scientific replication of a benthic algae nuisance threshold study originally conducted in Montana, but we do so using a different sampling methodology in a different state. Respondents are asked to rate eight photographs that depict varying algae conditions. Our initial results show that Utah resident preferences for benthic algae levels are quite similar to those of Montana residents, thus replicating the Montana study. For the full Utah sample, though, Cronbach's α indicated poor internal consistency in rating the photographs, so a “monotonicity rule” was used to identify respondents providing monotonic preferences with respect to chlorophyll a densities. …

Sequestration And The Engagement Of Developing Economies In A Global Carbon Market, Reza Oladi, Arthur J. Caplan, John Gilbert

Applied Economics Faculty Publications

We develop a differential game within a general equilibrium framework of carbon sequestration with and without international trade. We characterize the game's equilibrium and demonstrate how a global carbon permit market can be structured to induce the participation of developing countries through the harnessing of their potential to sequester carbon. We show that a permit market with carbon sequestration is mutually welfare improving for developed and developing nations, and that international trade in finished goods and carbon permits lowers the stock of global pollution.

Regulation And Energy Poverty In The United States, Michael C. Jensen

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Energy poverty is a topic often neglected in the discussion about global climate change. Apocalyptic prophecies about the negative future effects of climate change ignore the suffering of people around the globe whose lives could be drastically improved with access to reliable sources of energy. Though energy poverty from a global perspective is much more serious than energy poverty from a domestic perspective, high home energy bills are a serious cause for concern for many Americans.

This research examines the relationship between regulation, the prices of electricity and natural gas, and the household energy burden, which is the ratio of …

Range-Based Volatility, Expected Stock Returns, And The Low Volatility Anomaly, Benjamin M. Blau, Ryan J. Whitby

Economics and Finance Faculty Publications

One of the foundations of financial economics is the idea that rational investors will discount stocks with more risk (volatility), which will result in a positive relation between risk and future returns. However, the empirical evidence is mixed when determining how volatility is related to future returns. In this paper, we examine this relation using a range-based measure of volatility, which is shown to be theoretically, numerically, and empirically superior to other measures of volatility. In a variety of tests, we find that range-based volatility is negatively associated with expected stock returns. These results are robust to time-series multifactor models …

Business Development And Entrepreneurship On The Navajo Reservation, Sierra Hoffer

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

In this paper, I explore the underdevelopment of the business sector on the Navajo reservation. I investigate why the Navajo reservation continues to be economically depressed and find that institutions unique to the reservation create barriers that disincentivize formal business development. I first conducted a literature review on general barriers to entrepreneurship. Second, I reviewed the institutional analysis of the Navajo reservation to understand how institutions affect potential entrepreneurs. Next, I summarized a three-phased entrepreneurship training program on the reservation. Finally, I assessed the results of the program and how it was effected by barriers to business development.

I conclude …

Quantitative Easing: Money Supply And The Commodity Prices Of Oil, Gold, And Wheat, Aaron Kasteler

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The recent financial crisis has raised awareness among the public regarding the role the Federal Reserve has in the broader economy, primarily as it pertains to overall price levels, and especially to commodities. Has the implementation of quantitative easing had an effect on underlying commodity prices and, if so, to what degree? Specifically, has the rise in the money supply created a subsequent rise in prices that are transferred onto the end consumer? This paper surveys the recent empirical evidence of the policy of quantitative easing as it relates to the money supply and commodity prices. It then uses this …

How High School Records And Act Scores Predict College Graduation, Lianqun Sun

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The primary purpose of this study is to assess the degree to which ACT scores and high school records predict success in college. I used large public university admission and graduation panel data in order to address the following questions: (1) Are high school records (class rank, high school grade point average (GPA), and Advanced Placement (AP) test credits) better predictors of college success than ACT scores, and which is the best predictor among high school records and ACT scores? (2) Is there any heterogeneity in these effects across race, sex and residency (state or non-state students)?

By answering these …

A Tournament Approach To Price Discovery In The Us Cattle Market, Jeffrey Wright

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Cattle price discovery is a process of determining the price in the market through the interactions of cattle buyers (packers) and sellers (ranchers). Locating the price discovery center or market, and estimating price interactions among the regional fed cattle markets and also among feeder cattle markets can help define a relevant fed cattle procurement market. This research identifies that the U.S. cattle markets is discovered in the futures markets, feeder cattle futures and fed futures.

Essays On The Economics Of Energy And Transportation, Ryan N. Barnes

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The Washington State Department of Transportation (WSDOT) is responsible for planning, operating, and maintaining a highway network consisting of over 18,500 lane-miles of highway. In recent years the growing uncertainty about oil prices and availability has made long-range transportation planning even more challenging. Rather than relying on trend extrapolation, this study uses market mechanisms to shed light on key long-range transportation planning assumptions. In particular, this study was conducted to help WSDOT assess the likelihood that natural gas will substitute for petroleum fuels and estimate the impacts that changes in fuel prices will have on natural gas vehicle demand, fuel …

The Influence Of Height On Academic Outcomes, Devon Haskell Gorry

Economics and Finance Faculty Publications

This paper examines whether the height premium for academic outcomes is driven by unequal opportunities for tall individuals. Using data from the National Longitudinal Survey of Adolescent Health, this paper shows that taller individuals typically earn higher grades and attain more schooling, but the associations are not uniform across school size. Height is only associated with better outcomes for students attending large schools and these improvements are concentrated among males. Data suggest that height contributes more to sports participation and school satisfaction in large schools where resources are more scarce. Thus, differential opportunities or treatment across height in large schools …

The Impact Of Grade Ceilings On Student Grades And Course Evaluations: Evidence From A Policy Change, Devon Haskell Gorry

Economics and Finance Faculty Publications

This paper analyzes the effects of a grade ceiling policy on grade distributions and course evaluations. Results show that the effects vary based upon the level of the grade ceiling. A ceiling set at 2.8 decreased overall grade point average (GPA) by reducing the number of As and Bs and increasing the number of lower grades given. This low ceiling also increased the number of withdrawals and significantly lowered course evaluations. A ceiling set at 3.2 decreased overall GPA by reducing the number of As and increasing the number of Bs given, but the effects on course evaluations were smaller …

Identifying Multiple Predictors Of Physical Rehabilitation Outcomes, Jacklyn M. Sullivan, Elizabeth B. Fauth, Sydney Y. Schaeffer

Research on Capitol Hill

Previous studies have suggested that disability in activities of daily living (ADLs) is an outcome of cognitive impairment, physical limitations, psychosocial factors, and environmental constraints. We hypothesis that cognitive abilities and psychosocial factors measured at admission can be used to predict a patients physical therapy progression in a transitional care facility. Environmental conditions were held constant for all patients and physical limitations were not used as a predictor of therapy progression, as the test for therapy progression is based on physical ability. In a sample of adults (n=93) aged 38-98 receiving physical rehabilitation treatment, we collected Minimum Data Set (MDS) …