Economics Commons^™

Essays On State Fiscal Institutions, Todd Richard Yarbrough

Doctoral Dissertations

The following three essays investigate the effect various fiscal institutions have on state budgeting decisions. In the first essay, the impact of stringent balanced budget rules on a non-general fund expenditure category, environmental expenditure, is investigated. The essay finds that states with especially stringent balanced budget rules have lower average environmental expenditure than states absent stringent rules. Using a Fixed-Effects panel estimation, the paper finds that stringent balanced budget rules are associated with 1.55% lower per capita environmental expenditure than weak rules. Further, the presence of political interest groups in a state significantly mitigates this reduction, causing environmental expenditure to …

The International Monetary Fund, Power Politics, And The Changing Political Economy Of The Twenty First Century, Eduardo Flores

UNLV Theses, Dissertations, Professional Papers, and Capstones

The governance of the global economy is in a constant state of change. Since the creation of the Bretton Woods system, the International Monetary Fund has had to pursue a series of reforms to meet the changing demands of the international monetary system. At times, the Fund's institutional design has been adjusted to reflect the rise and decline in economic fortunes of member states. Other times the Fund has been resistant to change. However, the original design has proved to be durable and has overcome a number of historical challenges. Currently, two realities are challenging the institutional design of the …

A Note On The Synthesis Of The Satisficing Concept And The Neoclassical Theory, Sergey V. Malakhov

Sergey Malakhov

The development of the neoclassical theory of search bridges the gap between the assumption of the maximizing consumer behavior and the satisficing decision procedure. The paper argues that the consumer satisficing decision procedure results in the equality of the marginal costs of search with its marginal benefit.

Valuing Beach And Surf Tourism And Recreation In Australian Sea Change Communities, David Anning, Dan Ware, Michael Raybould, Neil Lazarow

Michael Raybould

Many of Australia’s iconic sandy beaches are already under pressure due to coastal development and the impacts of severe storm or flood events. These impacts are likely to be exacerbated by projected climate changes such as elevated water levels and potentially increased storm intensity. Beaches provide important recreation services for both residents and tourists but few studies in Australia have attempted to place economic values on this service. Thus, coastal authorities that are forced to make investment decisions relating to beach protection and restoration have insufficient data to conduct cost-benefit evaluations of projects where recreation values are significant. This paper …

Identifying And Describing The Network Of Health, Education, And Social Service Non-Profit Organizations In Southern Nevada, Shannon M. Monnat, Anna Smedley

Lincy Institute Reports and Briefs

Many of the economic, social, and demographic issues facing southern Nevada are dynamic and interrelated, requiring a coordinated approach on the part of southern Nevada’s non‐profit community. The coordination of services, skills, and talents enables community needs to be addressed in ways that exceed the scope and capacity of any single organization. With the increasing desire of funding organizations to support collaborative efforts, maintaining sustainable connections between southern Nevada’s non‐profit organizations is needed now more than ever before.

This is the first comprehensive study of southern Nevada’s health, education, and social service non‐profit network. Via a web‐based survey of nearly …

Building On Our Heritage: A Housing Strategy For Smart Growth And Economic Development, Edward C. Carman, Barry Bluestone, Eleanor White

Barry Bluestone

No abstract provided.

Chapter 40r: School Cost Analysis And Proposed Smart Growth School Cost Insurance Supplement, Edward C. Carman, Barry Bluestone, Eleanor White

Barry Bluestone

No abstract provided.

Stories Economists Tell: Studies In Christianity And Economics, By John P. Tiemstra, Paul R. Koch

Faculty Scholarship – Economics

A review of the book Stories Economists Tell: Studies in Christianity and Economics by John P. Tiemstra (Pickwick Publications, 2012).

Economic Effects Of Successful Sports Franchises On Local Economies, Joshua Goodrich

Honors Theses and Capstones

No abstract provided.

Contract Law And Modern Economic Theory, Daniel A. Farber

Daniel A Farber

No abstract provided.

From Plastic Trees To Arrow's Theorem, Daniel A. Farber

Daniel A Farber

No abstract provided.

Lessons From Metaethics, Cognitive Neuroscience, Moral Psychology, And Behavioral Economics: The Use Of Ethical Intuition In Legal Compliance For Business Entities, Eric C. Chaffee

Eric C. Chaffee

This article challenges the widely held view in legal education and in practice that what lawyers should be doing in providing legal advice consists solely of engaging in legal research and analytic reasoning. This article suggests that ethical intuition—i.e., the unconscious recognition that a specific action is good, evil, or morally neutral—may have a useful role to play in making legal compliance decisions for business entities.

Although largely ignored by the legal academy, scholars in numerous disciplines have acknowledged the role that intuition plays in decision making. Philosophers and religious scholars initially recognized role of intuition in moral decision making …

Seeds Of A New Economy? A Qualitative Investigation Of Diverse Economic Practices Within Community Supported Agriculture And Community Supported Enterprise, Ted White

Open Access Dissertations

Amidst widespread feelings that capitalism is a deeply problematic yet necessary approach to economy, Community Supported Agriculture (CSA) has emerged as both an alternative model for farming and as an increasingly visible and viable model for alternative economy. Using qualitative methods, this doctoral research explores and documents how CSA has become a productive space for economic innovation and practice that emphasizes interdependence, camaraderie and community well-being rather than hierarchical control and private gain. This study also examines how the many participants of CSA have built an identity for CSA--branding it via autonomous and collective efforts. This has resulted in CSA …

The Cost Of Conscience: Quantifying Our Charitable Burden In An Era Of Globalization, Frank A. Pasquale

Frank A. Pasquale

Development economists have long debated the proper targets for foreign aid contributions from wealthy countries. Philosophers like Peter Singer and Peter Unger now suggest that these countries' citizens have a parallel moral responsibility to tithe a portion of their income directly for the relief of the suffering of the poorest. These thinkers would prefer a systematic global redistribution of income - some public mechanism for accomplishing worldwide what the tax systems of egalitarian social democratic states accomplish. But they all realize that such global governance is unlikely to come about in any of our lifetimes. So they turn their attention …

Licensure Of Health Care Professionals: The Consumer's Case For Abolition, Charles H. Baron

Charles H. Baron

While state medical licensure laws ostensibly are intended to promote worthwhile goals, such as the maintenance of high standards in health care delivery, this Article argues that these laws in practice are detrimental to consumers. The Article takes the position that licensure contributes to high medical care costs and stifles competition, innovation and consumer autonomy. It concludes that delicensure would expand the range of health services available to consumers and reduce patient dependency, and that these developments would tend to make medical practice more satisfying to consumers and providers of health care services.

Too Complex To Perceive?: Drafting Cash Distribution Waterfalls Directly As Code To Reduce Complexity And Legal Risk In Structured Finance, Master Limited Partnership, And Private Equity Transactions, Ralph Carter Mayrell

Ralph Carter Mayrell

The intricate procedural and data-driven decision trees that play a critical role in complex financial contracts like cash distribution waterfalls in structured finance agreement indentures (e.g., collateralized debt obligations (CDOs)), master limited partnership agreements, and private equity fund agreements are inefficiently depicted as written contracts. As Professor Henry Hu explains in Too Complex to Depict?, the difficulty of translation—or depiction—between original mathematical models, plain English prospectuses, legal contracts, and programmed execution means that often the written depictions that form the basis of disclosures do not accurately define the act of execution. To overcome this, the SEC proposed an amendment to …

Voice Without Say: Why Capital-Managed Firms Aren’T (Genuinely) Participatory, Justin Schwartz

Justin Schwartz

Why are most capitalist enterprises of any size organized as authoritarian bureaucracies rather than incorporating genuine employee participation that would give the workers real authority? Even firms with employee participation programs leave virtually all decision-making power in the hands of management. The standard answer is that hierarchy is more economically efficient than any sort of genuine participation, so that participatory firms would be less productive and lose out to more traditional competitors. This answer is indefensible. After surveying the history, legal status, and varieties of employee participation, I examine and reject as question-begging the argument that the rarity of genuine …

Present At The Creation: Reflections On The Early Years Of The National Association Of Corporate Directors, Lawrence J. Trautman

Lawrence J. Trautman Sr.

Effective corporate governance is critical to the productive operation of the global economy and preservation of our way of life. Excellent governance execution is also required to achieve economic growth and robust job creation in any country. In the United States, the premier director membership organization is the National Association of Corporate Directors (NACD). Now over 36 years old, NACD plays a major role in fostering excellence in corporate governance in the United States and beyond. Over the past thirty-six years NACD has grown from a mere realization of the importance of corporate governance to become the only national membership …

A Theory Without A Movement, A Hope Without A Name: The Future Of Marxism In A Post-Marxist World, Justin Schwartz

Justin Schwartz

Just as Marx's insights into capitalism have been most strikingly vindicated by the rise of neoliberalism and the near-collapse of the world economy, Marxism as social movement has become bereft of support. Is there any point in people who find Marx's analysis useful in clinging to the term "Marxism" - which Marx himself rejected -- at time when self-identified Marxist organizations and societies have collapsed or renounced the identification, and Marxism own working class constituency rejects the term? I set aside bad reasons to give on "Marxism," such as that the theory is purportedly refuted, that its adoption leads necessarily …

The Organic Beauty Industry: A Gendered Economic Review, Brianna D. Connelly

Electronic Theses and Dissertations

Organic beauty has grown to a $6 billion dollar industry supplying consumers with products that align with unique social consumption preferences. This thesis explores the historical economic perspective of the traditional beauty industry and the development of the organic beauty industry. Capitalism influenced the traditional beauty industry during the pursuit for profits that lead to jeopardizing customer and environmental safety. Consumers responded to this behavior by founding an organic beauty industry that not only considered social issues, but negated gendered beauty standards in the process. Organic product efficacy has emerged as an issue that must be dealt with by regulation …

Expenditure Comparison Of Overseas, Canadian, And Domestic Nonresident Travelers To Montana: 2012, Kara Grau

Institute for Tourism and Recreation Research Publications

This report gives a comparison of overseas, Canadian and domestic visitation and spending during 2012. It includes total expenditures and average daily spending in different spending categories.

Automobiles Autarky And Authority: The Effects Of Nazi Centralized Economic Planning 1932-1942, Andrew Stinchfield

Honors Theses

This thesis examines the benefits and drawbacks of Nazi centralized economic planning. From an entirely political and economical standpoint, Hitler and the National Socialists’ highly regulated and restrictive policies were initially beneficial for Germany because they created a centralized economic vision and improved national morale. The liberal ideology of the Weimar Republic resulted in major class divisions within the nation, where laissez-faire economics left middle-citizens marginalized and at the mercy of profit-seeking big businesses. The Wall Street Crash of 1929 exposed the weaknesses of liberalism and resulted in a massive rise in political resentment. The regime accumulated power because their …

The Shadow Economy, Colin C. Williams, Friedrich Schneider

Colin C Williams

No abstract provided.

Snopa And The Ppa: Do You Know What It Means For You? If Snopa (Social Networking Online Protection Act) Or Ppa (Password Protection Act) Do Not Pass, The Snooping Could Cause You Trouble, Angela Goodrum

Angela Goodrum

No abstract provided.

Urban Parking Economics And Land Consumption: A Case Study Of New Haven, Connecticut And Cambridge, Massachusetts, Bryan P. Blanc

Honors Scholar Theses

It has become increasingly apparent that providing copious off-street parking has deleterious effects on urban form and function. This study compares parking policy in New Haven, Connecticut and Cambridge, Massachusetts that have pursued very different types of parking policies that have resulted in different outcomes in terms of land use. Since 1951, off-street parking provision has increased by nearly 400% in New Haven, meanwhile both employment and residential population have declined in the city. In contrast, off-street parking provision in Cambridge has risen around 140% since 1952, while employment and residential populations in the city have increased by 50% and …

Terrorism And Illicit Drug Prices: Does A Drug-Terror Nexus Exist? A Regression Analysis Of The Relationship Between Illicit Drug Prices And Terrorist Events, Abigail Burnette

Undergraduate Theses and Capstone Projects

Since the September 11th, 2001 terrorist attacks on the United States, global counterterrorism policies have increasingly targeted terrorist financing sources. These increased financial counterterrorism regulations have diverted the traditional sources and methods of terrorist funding, including illicit drug revenue streams. The purpose of this paper is to measure the relationship between terrorist events (both domestic and transnational) and the prices of cocaine and heroin. Using regression analysis, I find that the annual U.S. illicit drug prices of heroin are statistically significant with domestic and transnational terrorist events. These results suggest that future counterterrorism policies should continue to be used in …

Idaho Land Use/Regulation & Off Road Highway Vehicle Use, Johnny Whittemore, Raul Ramirez, Kellen Hill, David Welsh, Jeff Dee

College of Business and Economics Poster Presentations

In the last twenty-five years, Idaho has noticed a dramatic increase in the usage of motorized vehicles in Idaho’s backcountry. This land has mass appeal for its remote wilderness qualities that include hiking, fishing, hunting, and other recreational activities. To accommodate the increased amount of off-road vehicles, Idaho’s government agencies have found it difficult to designate cohesive usages of the land. With the expansion of ATV use in Idaho backcountry, ecological damages have progressively gotten worse. In order to address these damages, in 2005 travel management plans were implemented for future ATV usage. Because these restrictions were put in place, …

Inconvenient Truth About Boise Public Transportation, Benjamin Case, Kellen Hill, Lexy Leahy, Morgan Porter, Jesse Sonoda

College of Business and Economics Poster Presentations

The Boise-Nampa metropolitan area is growing rapidly, and its transportation system must expand to account for this growth. However, in order for a public transportation system to be effective, citizens must have both the ability and the incentive to make use of it. Our research will focus on the demand for public transit in the Boise-Nampa metropolitan area. First, we will determine current ridership on the existing public transit system, frequency of use, reasons for using mass transit over other alternative modes of transportation, and what attributes of the system make it an attractive option. Next, we will determine what …

Negative Externalities And Subprime Auto Financing: Time To Let The Hanging Paragraph Go(2), Chunlin Leonhard

Chunlin Leonhard

Economists generally agree that when private transactions generate negative externalities (i.e. unintended harmful byproduct), government intervention is potentially necessary. Negative externalities are considered socially inefficient because they destroy market supply and demand equilibrium. The existence of negative externalities is therefore one of those rare occasions when government intervention in private transactions is justified. It follows that when the government does choose to intervene, its goal should be to remedy, not to encourage, negative externalities. This article identifies one bankruptcy rule, commonly known as the Hanging Paragraph in the Bankruptcy Code, 11 U.S.C. § 1325(a)(9), that violates the basic principle of …

Department Of Economics Publication List 2012, Penny Stover

Economics Pamphlet Series

This compilation lists works authored by Department of Economics faculty members and other staff working on projects funded through the Department of Economics. Publications resulting from their research and academic activities are indexed by author at the end of this pamphlet for easy access by the public. The articles were published between January 1, 2012 and December 31, 2012, except for those works printed in italics which have been accepted for publication but not actually printed as of December 31, 2012.