Economics Commons^™

Design Considerations For Legalizing Marijuana, Jonathan Caulkins, Beau Kilmer, Robert Maccoun, Rosalie Pacula, Peter Reuter

Robert MacCoun

No abstract provided.

Endogenous R&D And Intellectual Property Laws In Developed And Emerging Economies, Aniruddha Bagchi, Abhra Roy

Abhra Roy

The incentive of providing protection of intellectual property has been analyzed, both for an emerging economy as well as for a developed economy. The optimal patent length and the optimal patent breadth within a country are found to be positively related to each other for a fixed structure of laws abroad. Moreover, a country can respond to stronger patent protection abroad by weakening its patent protection under certain circumstances and by strengthening its patent protection under other circumstances. These results depend upon the curvature of the R&D production function. Finally, we investigate the impact of an increase in the willingness-to-pay …

Housing, The Neighborhood Environment, And Physical Activity Among Older African Americans, Lonnie Hannon Iii, Patricia Sawyer, Richard M. Allman

Journal of Health Disparities Research and Practice

Abstract

This study examines the association of neighborhood environment, as measured by housing factors, with physical activity among older African Americans. Context is provided on the effects of structural inequality as an inhibitor of health enhancing neighborhood environments. The study population included African Americans participating in the UAB Study of Aging (n=433). Participants demonstrated the ability to walk during a baseline in-home assessment. The strength and independence of housing factors were assessed using neighborhood walking for exercise as the outcome variable. Sociodemographic data, co-morbid medical conditions, and rural/urban residence were included as independent control factors. Homeownership, occupancy, and length of …

Agricultural Modernization In China And Its Impact On Cities: From The Perspective Of Rural-Urban Linkage, Qian Forrest Zhang

Qian Forrest ZHANG

No abstract provided.

Hambrunas Socialistas, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.

National Longitudinal Survey Of Public Health Systems: Comparative Report Of 2012 Results, Glen Mays

Glen Mays

The third wave of the National Longitudinal Survey of Public Health Systems was fielded in 2012 in a nationally-representative cohort of local communities. The survey measures the availability of 20 recommended public health activities in the community, the range of organizations that participate in performing each activity, and the perceived effectiveness of each activity. Prior waves of the survey were fielded in 1998 and 2006. Local health officials report data for this survey and receive a customized report of results that compare data for their community with national norms and with "peer groups" of similar communities. This document provides an …

“The Role Of Switching Costs In The Markets For Pc Operating Systems, Online Search, Internet Access And Mobile Service: Implications For Australian Competition And Consumer Protection Policy”, Robert G. Harris

Robert G Harris

This paper addresses the role of switching costs in computing, communications and information technologies. Switching costs (and closely related network effects) play an increasingly important role in competitive analysis and competition policy. This paper considers the interplay of switching costs and the emergence of the digital, online economy, and examines the implications of switching costs for competition and competition policies in Australia.

Edad Y Enseñanza, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.

The “Price Puzzle” Under Changing Monetary Policy Regimes, Andre V. Mollick, Adolfo Sachsida

Economics and Finance Faculty Publications and Presentations

This paper examines the “price puzzle”, the rise in the price level following a contractionary monetary policy shock, using monthly US data from 1960 to 2006. Deviating from the standard practice is including commodity prices to “solve the puzzle”, our benchmark VAR contains output, prices, the federal funds rate and M1 money stock, while the augmented VAR includes the 10-year long bond yield. Splitting the sample at October of 1979, we find very contrasting patterns and rationalize them under the changing relationship between money and the funds rate across periods. First, the price puzzle is confined to the pre-Volcker period. …

El Estadista Civilizado, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.

Optimal Environmental Taxation With Pre-Commitment And Green R&D, Stuart Mcdonald

Stuart McDonald

Two approaches for modelling investment in R\&D have been developed by d'Aspremont and Jacquemin (AJ, 1988) and Kamien, Muller and Zang (KMZ, 1992), when there are spillovers associated with R\&D effort. This paper examines how these two approaches predict investment in green technology, when environmental policy takes the form of an optimal emission tax. The results show that the two models are equivalent when there are no R\&D spillovers; but when R\&D spillovers are present, significant differences in their predictions are observed. Specifically, the KMZ model predicts higher emission tax rates, higher level of R\&D expenditures and higher levels of …

Antitrust And The 'Filed Rate' Doctrine: Deregulation And State Action, Herbert J. Hovenkamp

All Faculty Scholarship

In its Keogh decision the Supreme Court held that although the Interstate Commerce Act did not exempt railroads from antitrust liability, a private plaintiff may not recover treble damages based on an allegedly monopolistic tariff rate filed with a federal agency. Keogh very likely grew out of Justice Brandeis's own zeal for regulation and his concern for the protection of small business — in this case, mainly shippers whom he felt were protected from discrimination by filed rates. The Supreme Court's Square D decision later conceded that Keogh may have been “unwise as a matter of policy,” but reaffirmed it …

Economic Theory Gives Us Two 'Weapons' To Combat Gun Violence, Louis D. Johnston

Economics Faculty Publications

No abstract provided.

¿Formalismo Anticuado?, Jose Luis Sardon

Jose Luis Sardon

Corte Internacional de La Haya debe acoger solicitud peruana de fijar límite marítimo con Chile, porque no existe un tratado de límites al respecto.

Pricing Lower Or Buying Cheaper? How Grocery Consumers Pay Less During Seasonal Demand Peaks, Colin Watson

Undergraduate Economic Review

The average price paid for a seasonal grocery category is (surprisingly) lower during the category's seasonal demand peak. For several product categories at one supermarket chain, demand peaks are shown to be associated with 1) consumer substitution to lower-quality products, 2) product price reductions, especially on products that increase their market shares, and as a result 3) a decline in the average price paid for the product category. In one very seasonal category, price reductions are driven by intertemporal substitution associated with large weekly discounts. Findings are consistent with any of several loss leader models.

Returns To Schooling: A Quantile Regression, Arman Oganisian

Economics Student Scholarship

This paper contributes to the large body of economic literature that attempts to estimate the returns to schooling. It uses quantile regression to estimate the effect of an additional year of education on monthly wage for earners in different quantiles. Using data from the young men’s cohort of the National Longitudinal Survey, the paper attempts to control for ability, family background, geography, and race, and finds that the returns to schooling is approximately 3.49% for men. Furthermore, the paper finds that while the effect of education on earnings is not significantly different from quantile to quantile, the significance of education …

Antitrust And Nonexcluding Ties, Herbert J. Hovenkamp

All Faculty Scholarship

Notwithstanding hundreds of court decisions, tying arrangements remain enigmatic. Conclusions that go to either extreme, per se legality or per se illegality, invariably make simplifying assumptions that frequently do not obtain. For example, by ignoring double marginalization or tying product price cuts it becomes very easy to prove that a wide range of ties are anticompetitive. At the other extreme, by ignoring foreclosure possibilities one can readily conclude that ties are invariably benign.

Ties have historically been thought to produce two kinds of competitive harm: “leverage,” or extraction; and foreclosure, or exclusion. The two theories are not mutually exclusive. Indeed, …

Comparative Antitrust Federalism: Review Of Cengiz, Antitrust Federalism In The Eu And The Us, Herbert J. Hovenkamp

All Faculty Scholarship

This brief essay reviews Firat Cengiz’s book Antitrust Federalism in the EU and the US (2012), which compares the role of federalism in the competition law of the European Union and the United States. Both of these systems are “federal,” of course, because both have individual nation-states (Europe) or states (US) with their own individual competition provisions, but also an overarching competition law that applies to the entire group. This requires a certain amount of cooperation with respect to both territorial reach and substantive coverage.

Cengiz distinguishes among “markets,” “hierarchies,” and “networks” as forms of federalism. Markets are the least …

St. Cloud Area Quarterly Business Report, Vol. 14, No. 4, King Banaian, Richard A. Macdonald

St. Cloud Area Quarterly Business Report

No abstract provided.

Time Series, Unit Roots, And Cointegration: An Introduction, Lonnie K. Stevans

Lonnie K. Stevans

The econometric literature on unit roots took off after the publication of the paper by Nelson and Plosser (1982) that argued that most macroeconomic series have unit roots and that this is important for the analysis of macroeconomic policy. Yule (1926) suggested that regressions based on trending time series data can be spurious. This problem of spurious correlation was further pursued by Granger and Newbold (1974) and this also led to the development of the concept of cointegration (lack of cointegration implies spurious regression). The pathbreaking paper by Granger (1981), first presented at a conference at the University of Florida …

Women's Mobilization In Latin America: A Case Study Of Venezuela, Brianna Russell

Master's Theses

Abstract

I examine the following elements in regards to women’s mobilization in Latin America and Venezuela from the late 1950s to the present: (a) the influence of the state and economy on times when women mobilized (b) class division within the movement (c) women’s demands during different time periods (d) the ways in which women were successful in working towards gender equality. This thesis reviews the literature on women’s mobilization in Latin America during the second half of the twentieth century. I find that women mobilized across class lines with the masses to end dictatorships. Women demobilized during transitions to …

Examining Eurozone Divergence, Charles Noble

Economics Theses

This paper provides a brief history of European integration followed by an examination of the Eurozone financial crisis and the economic divergence among particular economies (Germany compared with Greece, Portugal, Spain, and Ireland) it induced. Afterwards a list of structural and policy reforms meant to achieve economic convergence is provided. The paper concludes that in order for the Eurozone to achieve economic convergence, it would be best if Greece and Portugal exited the monetary union. The smaller, more homogeneous union could then more readily achieve economic convergence to function, both politically and economically, as a sustainable monetary union.

Competitive Balance In Division 1 College Hockey: An Economic Analysis, Christopher Decarlo

Honors Theses

This paper seeks to determine the levels of competitive balance in Division I college hockey using several well known measures of competitive balance. It focuses on the five hockey conferences, specifically on win percentages and concentration of conference and national championships. This paper also seeks to determine any correlation between university actions, specifically athletic spending, and successful hockey programs. Finally, it suggests possible areas of future research and ways to improve on the current research.

Struggling Recovery And Economic Policy Uncertainty: Testimony Before The Joint Revenue Hearing, House And Senate Ways And Means Committees, Massachusetts State House, Boston, Ma, Christian Weller

Christian Weller

The U.S. economy is in the fourth year of a recovery that started in June 2009. The fact that the economy is in recovery, even modestly, is something of a miracle given how stacked the deck is against it. This is absolutely unique in American economic history: There has never been a recovery without the housing market expanding substantially as well; There has never been a recovery with state and local governments shrinking for three years in a row; There has never been a recovery with households owing, on average, well more than 100 percent of their after-tax income in …

The Sherman Act And The Balance Of Power, David K. Millon

David K. Millon

None available.

Export Strength And Opportunities For Kentucky Industries, Christopher R. Bollinger, Derrick Jenniges

CBER Research Report

Executive Summary:

This project's primary goal is to quantify export strengths and opportunities in Kentucky industries. We measure export strength as the relative dollar value of exports per worker in four digit industries using U.S. dollar value of exports per worker as the base. Tables were prepared for total exports and a selection of 50 countries representing 98.5% of Kentucky exports and 93.2% of U.S. exports. In addition to the export index, a measure of industry strength based upon labor and comparisons to regional competitor states is provided.

• Industries with a low index value, either overall or for specific countries, …

Pearl District Market Study, Thomas Potiowsky, Scott Stewart

Northwest Economic Research Center Publications and Reports

Economic viability assessment of the Pearl District in Portland, including descriptions of demography, industry, and office space supply and demand.

Economic Analysis Of Working Waterfronts In The United States, Alan W. Hodges, Thomas J. Stevens, Mohammad Rahmani, Robert Swett

Maine Sea Grant Publications

Waterfront communities in the United States, whether rural or urban, recreational or industrialized, have been subject to economic, technological, ecological, and demographic changes that challenge their continued existence or development. The purpose of this study is to document the current status, contribution to regional economies, and future prospects of U.S. coastal communities in order help promote their long‐term economic prosperity. A review of the relevant literature on economic valuation of waterfront and ocean‐related economic activities found that previous studies usually evaluated only one particular economic sector or specific region. The present study attempts to provide a comprehensive evaluation of all …

Struggling Recovery And Economic Policy Uncertainty: Testimony Before The Joint Revenue Hearing, House And Senate Ways And Means Committees, Massachusetts State House, Boston, Ma, Christian Weller

Public Policy and Public Affairs Faculty Publication Series

The U.S. economy is in the fourth year of a recovery that started in June 2009. The fact that the economy is in recovery, even modestly, is something of a miracle given how stacked the deck is against it.

This is absolutely unique in American economic history: There has never been a recovery without the housing market expanding substantially as well; There has never been a recovery with state and local governments shrinking for three years in a row; There has never been a recovery with households owing, on average, well more than 100 percent of their after-tax income in …

Detroit Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Merissa Piazza, Joan Chase, Chang-Shik Song, Elorm Tsegah, Ziona Austrian

Ziona Austrian

No abstract provided.