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Full-Text Articles in Economics

Estimating Willingness To Pay For Continued Use Of Plastic Grocery Bags And Willingness To Accept For Switching Completely To Reusable Bags, Jarod Dunn Aug 2012

Estimating Willingness To Pay For Continued Use Of Plastic Grocery Bags And Willingness To Accept For Switching Completely To Reusable Bags, Jarod Dunn

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This thesis demonstrates a surveying method to collect data to obtain tax levels for plastic grocery bag usage. This data was collected through asking respondents about a hypothetical situation in which they were required to pay a tax for using plastic bags or whether they would instead switch to using reusable bags that could be purchased at the grocery store. The respondents were also asked if they already were using reusable bags, how much would the store have to pay them for them to use reusable bags for all grocery shopping trips. From our analysis, people who use reusable bags …


Microfinance As An Effective Development Solution: The Case Of Mongolia, Kjersten Adams Jul 2012

Microfinance As An Effective Development Solution: The Case Of Mongolia, Kjersten Adams

Undergraduate Honors Capstone Projects

Microfinance is increasingly looked at as a development solution for countries around the world. Its development and practice in former communist countries, however, has been relatively unexplored. This study seeks to fill this gap by asking how the practice and operation of microfinance in Mongolia compare to global best practices. Using global best practice frameworks regarding regulatory and organizational environments for microfinance, data gathered from surveys and onsite training observations at Xacbank is used to assess Mongolia's financial sector and its relative compliance to said practices. The analysis helps address the question of whether microfinance has helped or hindered Mongolian …


Leveraged Etfs And Intraday Volatility, Adam Welker May 2012

Leveraged Etfs And Intraday Volatility, Adam Welker

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This study provides an empirical analysis to determine whether leveraged exchange-traded funds are contributing to excess intraday volatility. The study, which is centered aroudn the introduction dates of six leveraged ETFs, uses high-frequency TAQ data for the S&P 500 constituent stocks to compare volatility before and after the introduction dates. Realized volatility is calculated for the morning, afternoon, and entire trading day during the twenty trading days before, and twenty trading days after each date of interest. There has been a lot of debate recently about whether leveraged ETFs could be increasing swings in intraday volatility. Up until now, this …


Estimation Of Beta In A Simple Functional Capital Asset Pricing Model For High Frequency Us Stock Data, Yuzhe (Yan) Zhang May 2012

Estimation Of Beta In A Simple Functional Capital Asset Pricing Model For High Frequency Us Stock Data, Yuzhe (Yan) Zhang

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This project applies the methods of functional data analysis (FDA) to intra-daily returns of US corporations. It focuses on an extension of the Capital Asset Pricing Model (CAPM) to such returns. The CAPM is essentially a linear regression with the slope coefficient β. Returns of an asset are regressed on index return. We compare the estimates of β obtained for the daily and intra-daily returns. The variability of these estimates is assessed by two bootstrap methods. All computations are performed using statistical software R. Customized functions are developed to process the raw data, estimate the parameters and assess their variability. …


How Are Interest Rates Affecting Household Consumption And Savings?, Lacy Christensen May 2012

How Are Interest Rates Affecting Household Consumption And Savings?, Lacy Christensen

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper explores the optimal interest rates that could potentially maximize overall consumption and savings. I attempt to determine whether artificially low interest rates are positively or negatively affecting consumption. There has been speculation on whether the United States needs to raise the effective federal funds rate to provide financial institutions the incentive to lend money and increase household consumption. The Federal Reserve is currently keeping the effective funds rate between 0 and .25 in hopes of increasing consumption levels. This paper uses fifty years of interest rate data to narrow in on an optimal interest rate that leads to …


Options Vs. Futures: Which On Average Will Have The Greater Payoff?, Ryan Silvester May 2012

Options Vs. Futures: Which On Average Will Have The Greater Payoff?, Ryan Silvester

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The use and idea of futures contracts has been around for almost as long as humans have existed. Many of these contracts can be as simple as the shaking of someone’s hand with the agreement to trade an asset for an agreed upon price in the future. These contracts have often been used by farmers to ensure a needed price for an asset, or for a store owner to ensure a needed asset for a given price. The idea of a futures contract is to either buy or sell an asset later on at a specified price. In this paper …


The United States Credit Rating Downgrade: European Reaction, Brian Scott Roseman May 2012

The United States Credit Rating Downgrade: European Reaction, Brian Scott Roseman

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The purpose of this paper is to answer the important question of how investors viewed the debt obligations from European countries in reaction to the United States credit rating downgrade by Standard and Poor’s on August 5 2011. During this period there were a handful of countries in Europe that still had AAA ratings. This paper looks at the reaction of investors towards Europe, through the medium of Credit Default Swaps (CDSs). By analyzing the changes in CDS spreads, I am able to determine the perceptions of investors regarding the risk of European Sovereigns during the timeframe surrounding the U.S …


Is Analyst Over Optimism Creating Price Inefficiency In The Stock Market?, Juan Mauricio Guiliani May 2012

Is Analyst Over Optimism Creating Price Inefficiency In The Stock Market?, Juan Mauricio Guiliani

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This study aims to uncover the relationship between market frictions, measured by price delay, and consensus analyst recommendations on stocks. Analyst recommendations are publicly available to investors, and under the framework of the Efficient Market Hypothesis, should contribute to the efficiency of a stock’s pricing mechanism by providing information to the market that would otherwise not be available. We find evidence that the more favorable recommended stocks in our sample command a higher price delay than less favorably recommended stocks. In other words, the most optimistically recommended stocks are priced less efficiently than other less favorably recommended stocks. We also …


Opaqueness Of Financial Institutions, Todd G. Griffith May 2012

Opaqueness Of Financial Institutions, Todd G. Griffith

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Spectators and professionals have targeted financial institutions as being at the epicenter of recent markets crises The opaqueness of bank holding companies' assets has been assumed to have created additional volatility and inefficiency within the market. It appears that the capital structure of a bank is the actual driving force behind the inefficiency. I conduct multiple empirical analyses to measure whether the lack to financial institutions asset transparency negatively impacts the ability of the firms price to respond to informational innovations in a timely manner. Through additional econometric tests, I explore several economic theories to narrow in on the root …


The Application Of Instructional Design Principles In The Development Of Sportsmanship Education Software And Its Impact On Children’S Acquisition Of Sportsmanlike Attitudes And Behaviors, Michael J. Petersen May 2012

The Application Of Instructional Design Principles In The Development Of Sportsmanship Education Software And Its Impact On Children’S Acquisition Of Sportsmanlike Attitudes And Behaviors, Michael J. Petersen

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Millions of people participate in sporting events as either athletes or spectators, or both. The presence or absence of sportsmanship they experience can affect them in both negative and positive ways. The purpose of this study was to determine whether schoolchildren who use a computer-based sportsmanship education program would learn and exhibit more sportsmanship than those who did not use the software. It was determined that younger children were more affected by the software than the older children were.