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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom
Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom
Lawrence University Honors Projects
Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.
From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic Ii
From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic Ii
Applied Economics Theses
The purpose of this thesis is to study the theory of secular stagnation, which was made famous by the American Keynesian economist Alvin Hansen in his book Full Recovery or Stagnation. The theory of secular stagnation has reappeared in economic circles today due to recent economic conditions since the financial crisis of 2007-2008. The thesis will analyze the history of the stagnation theory dating back to Classical economists in the 19th century. The concept of a stagnating economy has been talked about for centuries with many economists adding important thoughts. Furthermore, the thesis will address the current questions and …
Publications From The Mastering Mills Symposium, Center For Economic Development
Publications From The Mastering Mills Symposium, Center For Economic Development
Center for Economic Development Technical Reports
Through the Center for Economic Development's research, consulting and technical assistance efforts, it has become increasingly apparent that increased knowledge concerning the revitalization of old mills and mill communities is necessary. The problem is particularly acute in smaller communities and in areas of slow growth, where problems and solutions are addressed differently than larger towns near urban locations. The purpose of this symposium was to gain an understanding of the methods that can protect and enhance mill character and the economic viability in mill communities. It included several presentations, panel discussions, and opportunities for audience involvement. Presentations and any supplemental …
Mastering Mills: Recommendations For Planning Massachusetts Mill Communities, Angelica Carey, Madison M. Burke, Alexandra 'Ola' Smialek, Margaret Palmer
Mastering Mills: Recommendations For Planning Massachusetts Mill Communities, Angelica Carey, Madison M. Burke, Alexandra 'Ola' Smialek, Margaret Palmer
Center for Economic Development Technical Reports
This paper provides specific recommendations that have been prioritized in an effort to influence state policy that will positively support mill revitalization.
State Of The Northwest Arkansas Region 2016 Report, Katherine A. Deck, Mervin Jebaraj
State Of The Northwest Arkansas Region 2016 Report, Katherine A. Deck, Mervin Jebaraj
State of the Northwest Arkansas Region Report
The State of the Northwest Arkansas Region Report is an annual publication, commissioned by the Northwest Arkansas Council, that serves as a tool for evaluating the economic performance of the region. In January 2015, the Northwest Arkansas Council created a new blueprint for development that outlines the peer regions and a strategic action agenda for 2015-2017. In the three-year plan, the performance of Northwest Arkansas is benchmarked with other contemporary, high-performing regions namely Austin, Des Moines, Madison, Durham-Chapel Hill and Raleigh. The 2016 State of the Region Report compares Northwest Arkansas with these geographies in the areas of gross domestic …
The Big Economic Development Project Question: Is It New Revenue Or A Spending Transfer?, Paul Harris, Ronald Berkebile, Julia Martin, Larry Filer
The Big Economic Development Project Question: Is It New Revenue Or A Spending Transfer?, Paul Harris, Ronald Berkebile, Julia Martin, Larry Filer
Economics Faculty Publications
Most local governments pursue some degree of economic development activity to strengthen their economy by adding jobs and generating tax revenue. Witness the growth in tax increment financing, property tax abatements, tax credits, and exemptions for economic development. These state and local incentives totaled more than $80 billion in 2012. Economic development projects can represent a significant boon for a local economy. Estimating how much money they might generate, however, is not as easy as it initially seems, and jurisdictions can receive far less net new revenue than developers predict. Most consumers have finite incomes, which limits their discretionary spending. …