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Articles 1 - 10 of 10
Full-Text Articles in Economics
Aggression In Mixed Martial Arts: An Analysis Of The Likelihood Of Winning A Decision, Trevor Collier, Andrew Johnson, John Ruggiero
Aggression In Mixed Martial Arts: An Analysis Of The Likelihood Of Winning A Decision, Trevor Collier, Andrew Johnson, John Ruggiero
Trevor Collier
Within the last decade, mixed martial arts has become one of the most popular sports worldwide. The Ultimate Fighting Championship (UFC) is the largest and most successful organization within the industry. In the USA, however, the sport is not sanctioned in all states because some politicians view the sport as too violent. The sport consists of many fighting forms and, unlike boxing, winning a decision requires judging in multiple facets including wrestling, boxing, kickboxing, and jiu-jitsu. In this study, we estimate the likelihood of winning a decision in the UFC. Using data on individual fights, we estimate the probability of …
Measuring Technical Efficiency In Sports, Trevor Collier, Andrew Johnson, John Ruggiero
Measuring Technical Efficiency In Sports, Trevor Collier, Andrew Johnson, John Ruggiero
Trevor Collier
Standard economic production theory is the basis for measuring technical efficiency in sports. Using programming or regression models, efficiency is defined as the distance of a given team observation from the technology. In this article, the authors show that the standard measures of efficiency using deterministic models are biased downward due to serial correlation with respect to the efficiency measure. In particular, if the number of observed wins for a given team is affected by the team’s inefficiency, it is necessarily true that another team is able to produce outside of the technology. As a result, the observed frontier is …
Estimation Of Multi-Output Production Functions In Commercial Fisheries, Trevor Collier, Andrew Mamula, John Ruggiero
Estimation Of Multi-Output Production Functions In Commercial Fisheries, Trevor Collier, Andrew Mamula, John Ruggiero
Trevor Collier
Measuring the productivity of vessels in a multi-species fishery can be problematic. Typical regression techniques are not capable of handling multiple outputs while Data Envelopment Analysis (DEA) tends to ignore the stochastic nature of production. Applied economists have devoted considerable time to this problem and have developed several methods of dealing with the issue of multiple output technologies in commercial fisheries. Our paper contributes to this literature by providing another method for estimating production functions of vessels operating in multi-species fisheries. We utilize a two-stage model – with data from the West Coast Limited Entry Groundfish Trawl Fishery – using …
The Relationship Between Output Variability And Growth: Evidence From Post War U.K. Data, Tony Caporale, Barbara Mckiernan
The Relationship Between Output Variability And Growth: Evidence From Post War U.K. Data, Tony Caporale, Barbara Mckiernan
Tony Caporale
The paper investigates the relationship between output variability and economic growth using a GARCH-M model with industrial production in post-war Great Britain. The data reveals a positive relationship between variability and growth rates.
Development, Health And Race Differences In Fertility At The Turn Of The Twentieth Century In The U.S. South, Cheryl Elman, Andrew S. London, Robert A. Mcguire
Development, Health And Race Differences In Fertility At The Turn Of The Twentieth Century In The U.S. South, Cheryl Elman, Andrew S. London, Robert A. Mcguire
Cheryl Elman
Mid-twentieth century demographers were puzzled to find that, between 1880 and 1910, fertility rates had dropped more precipitously among African American than U.S. white women. Since then, demographic research has focused on historical fertility differentials in the South, where most African Americans lived before 1920. Under a multiple causes model, two major sources of race differences have found some empirical support. One stresses that timing differences in voluntary fertility control, due to a high demand for child labor in tenant farming, sustained both high overall southern rural fertility rates and race differences, to about 1940. A second mechanism stresses that …
Toward A Knowledge Economy In Saudi Arabia, Giulio M. Gallarotti, Essam Elfalily, Osama Tayyeb
Toward A Knowledge Economy In Saudi Arabia, Giulio M. Gallarotti, Essam Elfalily, Osama Tayyeb
Giulio M Gallarotti
Nations that have sought to overcome the resource curse and other barriers to economic growth have for some time sought greater development through a number of strategies: from import substitution in the 1950s to current strategies based on microfinance and human-capabilities approaches. Needless to say, the international community is still searching for the elusive Holy Grail of the optimal development strategy. One strategy that is gaining greater attention and adherents is that of promoting a transition to a knowledge economy. This paper is about one such nation: Saudi Arabia. In analyzing the Kingdom’s quest for a knowledge economy, this article …
The Effect Of Treasury Auction Announcements On Interest Rates: 1990-1999, James J. Forest
The Effect Of Treasury Auction Announcements On Interest Rates: 1990-1999, James J. Forest
James J Forest
In this study we examine the secondary-market response of U.S. Treasury interest rates to both the release of pre-auction auction supply announcements and post-auction details from U.S. Treasury auctions during the period of the 1990s. Rate changes are found to differ significantly on auction days. Pre-auction announcements of auction volumes are shown to affect rates significantly, in contrast with the findings of Wachtel and Young (1987) with respect to deficit announcements. We find that surprises in the release of bid-to-cover ratios affect Treasury rates significantly, while the surprises in the volume of noncompetitive bids appears to have little affect on …
From Workers Rights To Worker Appropriation: A Response To Joseph Mccartin, Richard Mcintyre
From Workers Rights To Worker Appropriation: A Response To Joseph Mccartin, Richard Mcintyre
RICHARD P MCINTYRE
There has been little examination of the possible negative effects on labor’s interests when those interests are asserted as rights. It is as if proclaiming “workers’ rights are human rights” can only cause good things to happen. Joseph McCartin’s essay contributes to a more balanced and sophisticated discussion of the effects of rights talk for labor.
The Effect Of The Alternative Regional Delineations On Historical Interpretation: U.S. Manufacturing In The Mid-Nineteenth Century, Robert L. Sexton
The Effect Of The Alternative Regional Delineations On Historical Interpretation: U.S. Manufacturing In The Mid-Nineteenth Century, Robert L. Sexton
Robert L Sexton
No abstract provided.
The Negotiated Guilty Plea: A Framework For Analysis, Richard Adelstein
The Negotiated Guilty Plea: A Framework For Analysis, Richard Adelstein
Richard Adelstein
My dissertation of 1975, published by Garland Publishing in their series Outstanding Dissertations in Economics, 1984