Social and Behavioral Sciences Commons^™

Economics For Everyday Life: Opportunity Cost And Marginal Benefit, Christian Palencia

English Language Institute

Economics is a social science that may feel unreal or even useless for many people. Its concepts and definitions can be abstracts, complex and unpragmatic. However, the comprehend of some ideas of this science can be the key for a success decision making process for normal people’s life.

Contrary to popular belief, the economy is not about money, it is focused on studying the problem of shortage. Resources such as time and money are scarce, consequently, understanding the basic of economics is fundamental for everyone not only for economists. The opportunity cost and marginal benefit are an examples of two …

The Effects Of Infrastructure Development And Taxation On Current And Future Earnings, Mukta Mukherjee

Economics - Dissertations

This dissertation is a collection of three essays, each of which studies a policy in India that provides a unique circumstance affecting directly or indirectly earnings. The purpose of this work is to analyze how taxation and infrastructure development aspects the current and future earnings using these policies

In the first essay, I use a national infrastructure development program initiated in India in 2001 to construct new all-season roads (roads that can be used in all-weather especially monsoons) in villages that previously had only had dry-season roads (roads that are difficult to use in monsoons). In the second, I use …

Strategic Substitutes Or Complements? The Game Of Where To Fish, Robert L. Hicks, William C. Horrace, Kurt E. Schnier

Economics - All Scholarship

The ‘‘global game with strategic substitutes and complements’’ of Karp et al. (2007) is used to model the decision of where to fish. A complete information game is assumed, but the model is generalized to S > 1 sites. In this game, a fisherman’s payoff depends on fish density in each site and the actions of other fishermen which can lead to congestion or agglomeration effects. Stable and unstable equilibria are characterized, as well as notions of equilibrium dominance. The model is applied to the Alaskan flatfish fishery by specifying a strategic interaction function (response to congestion) that is a non-linear …

April 2011, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

November 2010, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

April 2010, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Binary Economics - An Overview, Robert Ashford

College of Law - Faculty Scholarship

Based on binary economic principles, this paper asserts that one widely overlooked way to empower economically poor and working people in market economy is to universalize the right to acquire capital with the earnings of capital. This right is presently largely concentrated, as a practical matter, in less than 5 % of the population. The concentration of the right to acquire capital with the earnings of capital helps to explain how people either remain poor or end up poor no matter how hard they work or are willing to work. Binary Economics offers a conception of economics that is foundationally …

November 2009, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

November 2007, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

April 2007, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Binary Economics: The Economic Theory That Gave Rise To Esops, Robert Ashford

College of Law - Faculty Scholarship

Many people know about Employee Stock Ownership Plans (ESOPs) which, along with profit-sharing and pension plans, are treated as deferred compensation plans under Section 401 and related sections of the Internal Revenue Code. ESOPs have been established by thousands of American corporations, including some of the largest, and cover millions of employees. There is a national trade association (The ESOP Association), that is now celebrating its 50th year in existence, and other organizations established to support employee ownership, including the Ohio Center for Employee Ownership that first published this article in its publication entitled Owners At Work (2006/2007) Most people …

November 2006, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Labor Supply With Social Interactions: Econometric Estimates And Their Tax Policy Implications, Andrew Grodner, Thomas J. Kniesner

Center for Policy Research

Our research fleshes out econometric details of examining possible social interactions in labor supply. We look for a response of a person's hours worked to hours worked in the labor market reference group, which includes those with similar age, family structure, and location. We identify endogenous spillovers by instrumenting average hours worked in the reference group with hours worked in neighboring reference groups. Estimates of the canonical labor supply model indicate positive economically important spillovers for adult men. The estimated total wage elasticity of labor supply is 0.22, where 0.08 is the exogenous wage change effect and 0.14 is the …

April 2006, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

November 2005, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Social Interactions In Labor Supply, Andrew Grodner, Thomas J. Kniesner

Center for Policy Research

Our research examines the effect of interdependence on estimation and interpretation of earnings/labor supply equations. We consider the cases of (1) a positive spillover from others’ labor supplied and (2) a need for conformity with others’ labor supplied. Qualitative and quantitative comparative statics results with a Stone-Geary utility function demonstrate how spillover effects increase labor supply uniformly. Alternatively, conformity effects move labor supplied toward the mean of the reference group so that, in the limit, labor supply becomes perfectly inelastic at the reference group average. When there are un-modeled exogenous social interactions, conventional wage elasticities are still relatively well estimated …

April 2005, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

November 2004, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

April 2004, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Sozialpolitik Anders Denken. Das Verursacherprinzip – Von Der Umweltpolitischen Zur Sozialpolitischen Anwendung, Isidor Wallimann, Esteban Piñeiro

Books

The “polluter pays” principle in environmental law assumes that the actor would reduce or avoid adverse effects of his actions if he had to bear the consequences of those actions (internalization of effects). Such internalization can generally be done in two ways: either by avoiding or eliminating the harmful effects or by wearing the financial consequences of the injury. It is therefore on the one hand to have an incentive effect, on the other to a compensatory effect.

Pineiro and Wallimann apply these societal cost principles from the environmental world to the social realm, where social problems can be seen …

Improving Economic Literacy: The Role Of Concurrent Enrollment Programs, Donald H. Dutowsky, Jerry M. Evensky, Gerald S. Edmonds

Economics - All Scholarship

This paper introduces Concurrent Enrollment Programs (CEPs), within the context of Syracuse University Project Advance (PA) Economics, as a way to improve economic literacy. We describe measures implemented to operate PA Economics as a high-quality CEP, as well as the National Alliance of Concurrent Education Partnerships to establish national standards. This study also contains results from administering to high school students taking PA Economics the nationally normed Test of Economic Literacy (TEL). PA students average nearly one percentage point higher than the AP/Honors Economics Group, and score considerably better than AP/Honors Economics in fundamentals and international economics. By cognitive level, …

November 2003, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

April 2003, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

November 2002, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

April 2002, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

November 2001, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

April 2001, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

November 2000, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

April 2000, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Multiple Comparisons With The Best, With Economic Applications, William C. Horrace, Peter Schmidt

Economics - All Scholarship

In this paper we discuss a statistical method called multiple comparisons with the best, or MCB. Suppose that we have N populations, and population i has parameter value θ_i. Let $\theta _{(N)}={\rm max}_{i=1,\ldots ,N}\theta _{i}$\nopagenumbers\end, the parameter value for the ‘best’ population. Then MCB constructs joint confidence intervals for the differences $[\theta _{(N)}-\theta _{1},\theta _{(N)}-\theta _{2},\ldots ,\theta _{(N)}-\theta _{N}]$\nopagenumbers\end. It is not assumed that it is known which population is best, and part of the problem is to say whether any population is so identified, at the given confidence level. This paper is meant to introduce MCB …