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Full-Text Articles in Social and Behavioral Sciences

Optimal Execution In Cryptocurrency Markets, Ethan Kurz Jan 2020

Optimal Execution In Cryptocurrency Markets, Ethan Kurz

CMC Senior Theses

The purpose of this paper is to study the Almgren and Chriss model on the optimal execution of large block orders both on the NYSE and in cryptocurrency exchanges. Their model minimizes execution costs, which include linear temporary and permanent price impacts. We focus on how the stock market microstructure differs from a cryptocurrency exchange microstructure and what that means for how the model functions. Once the model and microstructures are explained, we examine how the Almgren-Chriss model functions with stocks from the NYSE, looking at specifically selling a large number of shares. We then investigate how a large "wholesale" …


Landscapes Of Globalisation In Se Asia, Brian G. Mcadoo Jan 2017

Landscapes Of Globalisation In Se Asia, Brian G. Mcadoo

EnviroLab Asia

As economies continue to expand in Southeast Asia, urban and rural landscapes are undergoing industrial-scale change at a staggering pace. A number of growing industries are responsible for these changes, from soil and biodiversity loss caused by palm-oil deforestation to rainforest flooded in the interest of “climate neutral” hydropower. To best understand the wide-reaching effects of these transformations, a radically interdisciplinary approach is needed to unravel the intersection between environmental degradation, economics and culture. Is the quest for biofuels and carbon-neutral energy to support burgeoning largely urban populations, sometimes in other nations, effectively shifting the environmental costs to rural communities? …


State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy, Anthony J. Barone Jan 2013

State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy, Anthony J. Barone

CMC Senior Theses

In this paper, I analyze the effectiveness of state level Earned Income Tax Credit programs on improving of poverty levels. I conducted this analysis for the years 1991 through 2011 using a panel data model with fixed effects. The main independent variables of interest were the state and federal EITC rates, minimum wage, gross state product, population, and unemployment all by state. I determined increases to the state EITC rates provided only a slight decrease to both the overall white below-poverty population and the corresponding white childhood population under 18, while both the overall and the under-18 black population for …


Review: Robert H. Nelson, The New Holy Wars: Economic Religion Vs. Environmental Religion In Contemporary America, Andre Wakefield Jul 2011

Review: Robert H. Nelson, The New Holy Wars: Economic Religion Vs. Environmental Religion In Contemporary America, Andre Wakefield

Pitzer Faculty Publications and Research

This is a book review of Robert H. Nelson's The New Holy Wars: Economic Religion vs. Environmental Religion in Contemporary America. Nelson argues that environmentalism and economics represent competing religious worldviews. Within this framework, debates over issues like global warming and acid rain become veiled theological disputes between these two “secular religions.” Nelson paints with a broad, aggressive brush. This is both the strength and weakness of his book, as he conjures a world of epic battles between the economic faithful, who worship material progress, and the environmentally pious, who bemoan the corruption visited by humans upon the natural world. …