Behavioral Economics Commons^™

Cnh: Fine-Scale Dynamics Of Human Adaptation In Coupled Natural And Social Systems: An Integrated Computational Approach Applied To Three Fisheries, James A. Wilson, James Acheson, Robert Steneck, Yong Chen, Teresa R. Johnson

University of Maine Office of Research Administration: Grant Reports

The purpose of this project is to gain a better understanding of the way competition between individual fishermen lead to the emergence of private incentives and informal social arrangements that are (or are not) consistent with conservation of the resource. These informal arrangements and incentives are important because they help us understand the extent to which private interests might strengthen or weaken on-going resource management and, consequently, the sustainability of coupled human and natural systems. The broad hypothesis driving the study is that the informal social structure that emerges from competitive interactions among fishermen reflects the particular circumstances of the …

Law, Environment, And The “Nondismal” Social Sciences, William Boyd, Douglas Kysar, Jeffrey J. Rachlinski

Jeffrey J. Rachlinski

Over the past 30 years, the influence of economics over the study of environmental law and policy has expanded considerably, becoming in the process the predominant framework for analyzing regulations that address pollution, natural resource use, and other environmental issues. This review seeks to complement the expansion of economic reasoning and methodology within the field of environmental law and policy by identifying insights to be gleaned from various “nondismal” social sciences. In particular, three areas of inquiry are highlighted as illustrative of interdisciplinary work that might help to complement law and economics and, in some cases, compensate for it: the …

Infant Mortality: Cross Section Study Of The United State, With Emphasis On Education, Daniel C. Sheets-Poling

Stevenson Center for Community and Economic Development—Student Research

On the surface infant mortality is usually thought of as just a unfortunate part of life in what can happen to an individual family, but infant mortality is part of the factors that affect social capital, which can lead back to overall trust in a community. When that trust starts to wither within a community, economic activity will be affected as community members will not behave as they usually do within their given economic boundaries. While social capital is not solely affected by infant mortality, it does show what type of health status an area has. As a community, state, …

Introduction: Moving Beyond The 'Rational Actor' In Environmental Governance And Conservation, Nicole D. Peterson, Cindy Isenhour

Anthropology Faculty Scholarship

In this brief introduction, we examine the themes and issues that link the three papers in this special section. In each case, neoliberal conservation practices appear to be predicated on a certain kind of individual subject with certain kinds of motives and behaviours-the rational actor. Taken together, these three papers challenge three assumptions of rational actor models, including that individuals are self-interested and attempt to maximise their own benefits, that they only respond to economic incentives, and that economic markets are free, mutual, and rational. Together these articles promote greater attention to how individuals are conceptualised in conservation efforts, and …

El Recuperador Urbano Reconstruido: Una Perspectiva Crítica Sobre La Gestión De Residuos Urbanos En Buenos Aires Y La Nuevas Políticas Públicas De "Ciudad Verde" / The Urban Recycler, Reconstructed: A Critical Perspective On The Waste Managementprocesses Of Buenos Aires, And The New Public Policies Known As “Green City”, Mira Korber

Independent Study Project (ISP) Collection

Historically, a survival method for the most impoverished populations of developing countries has been the collection, accumulation, and sale of recycled materials accessible in the urban waste generated by large metropolitan areas. After Argentina’s economic crisis of 2001, the number of people who participate in this informal sector of work in Greater Buenos Aires boomed due to the financial recession that devastated the country. In the last fourteen years, the population of urban recyclers, colloquially called cartoneros or cirujas, has not diminished. Various advances have been made towards the legitimation of their work as environmental protection and recycling through their …

Financial Literacy And Financial Inclusion Of Women In Rural Rajasthan, Emily Levi-D'Ancona

Independent Study Project (ISP) Collection

Financial inclusion is an important step in development, as access to finances can help the poor build money and lift themselves out of poverty. In many parts of the developing world, and especially in India, microfinance is seen as a new approach to fighting poverty by bringing financial services, including low-interest loans, to the poor so that they can afford to start a business or invest and eventually gain self-sufficiency – in other words, a method of financial inclusion for the poor. However, microfinance in India cannot sufficiently reach the poor populations, especially those in rural India, and many of …

Three Essays On Gender Differences On Risk Preferences And Credit Market Constraints, Jyoti Rai

Dissertations

The disadvantages that women face in the financial market hamper their social and economic well-being. These disadvantages may arise from their own risk preferences or from financial market. The aim of this dissertation is to examine different aspects of the disadvantages that women face in the U.S Financial Market. In that light, I present three essays that analyze gender differences in risk preferences and credit market constraints. I use the Survey of Consumer Finances (SCF) data for all my empirical analysis.

In the first essay, I examine whether women exhibit greater financial risk aversion than men using attitudinal and behavioral …

Convergence In Models With Bounded Expected Relative Hazard Rates, Carlos Oyarzun, Johannes Ruf

Carlos Oyarzun

We provide a general framework to study stochastic sequences related to an array of models in different literatures, including models of individual learning in economics, learning automata in computer sciences, social learning in marketing, and many others. In this setup, we study the asymptotic properties of a class of stochastic sequences that take values in [0,1] and satisfy a property that we call “bounded expected relative hazard rates.” We provide sufficient conditions for related sequences, which, compared to the original sequence, either move slowly or slow down over time, that yield con- vergence to one with high probability or almost …

Age Differences In Social Discount Rates, Hayden T. Whitfield

Hayden T Whitfield

No abstract provided.

Optimal City Hierarchy: A Dynamic Programming Approach To Central Place Theory, Wen-Tai Hsu, Thomas J. Holmes, Frank Morgan

Research Collection School Of Economics

Central place theory is a key building block of economic geography and an empirically plausible description of city systems. This paper provides a rationale for central place theory via a dynamic programming formulation of the social planner's problem of city hierarchy. We show that there must be one and only one immediate smaller city between two neighboring larger-sized cities in any optimal solution. If the fixed cost of setting up a city is a power function, then the immediate smaller city will be located in the middle, confirming the locational pattern suggested by Christaller. We also show that the solution …

Unleashing Asean's Potential Through Aec, Michael Zink

Asian Management Insights

The Association of Southeast Asian Nations (ASEAN) has set an ambitious goal to integrate the economies of its ten members by 2015, a move that is aimed at boosting the bloc’s competitiveness and creating development across the region that is more equitable. With the target date for Southeast Asia's countries to create a single economic market just months away, increasing attention is being paid to the region's vast economic potential. If successful, the formation of the ASEAN Economic Community (AEC) will not only create one of the world’s largest integrated economic spheres, but will add vastly to the appeal of …

A Critical Examination Of The Climate Engineering Moral Hazard And Risk Compensation Concern, Jesse Reynolds

Jesse Reynolds

Huge Growth Potential In 2015 For Used Books Market - A Surney, Lissa Coffey

LissaCoffey

Selling Buying Used Books - A Market With Huge Potential in 2015 - Selling/buying books online is a great way to earn extra income and an upcoming market having huge growth potential in 2015. Size the US market for used books ... Conduct research on used book selling and buying activities. The starting point for their analysis is the double-edged impact of a used book market ... But there's another effect: the presence of a market for used books ... "The growth reflects how easy is has become to sell used books.The used book market for college textbooks has been …

Economic Impact Of The Arkansas Research And Technology Park, Katherine A. Deck, Mervin Jebaraj

Publications and Presentations

Construction of the Arkansas Research and Technology Park (ARTP) began in 2003 and operations commenced in 2004. For ten years, the ARTP has been impacting the economy of the state of Arkansas in two primary ways. First, the operation of the ARTP enabled the business expenditures of its tenants. Second, there were direct expenditures on one-time construction activities in building the infrastructure of the ARTP. This report considers the overall impact of the ARTP from the beginning of construction to 2014. Over that period, the ARTP impact has been more than a half billion dollars in the Arkansas economy.

Do Hitters Boost Their Performance During Their Contract Years?, Heather M. O'Neill

Business and Economics Faculty Publications

Each season, baseball fans and journalists alike identify which players are in the final years of their contracts because a lot rides on how the players produce in their “contract year.” Will a player boost his effort and performance in an effort to improve his value and bargaining power? Or will he crumble under the pressure? Or are players’ performances uncorrelated with where they stand in their contract cycles?

La Motivación Extrínseca Del Profesorado Universitario En Alemania Y En España: Un Análisis Empírico, Sergio A. Berumen

Sergio A. Berumen

In this work we review the concept of motivation and we stress the differences between intrinsic and extrinsic motivation. In the process we introduce the variables that have an impact on work motivation and the techniques used for its measurement. Below you will find an original model, used to measure extrinsic motivation. The fieldwork was carried out on a wide selection of professors at the following European universities: Freie Universität and Humboldt Universität in Germany, and Universidad Rey Juan Carlos in Spain, from March 2013 to August 2013.

Is Urban Food Demand In The Philippines Different From China?, Tomoki Fujii

Research Collection School Of Economics

It is essential to understand the consumption pattern of food and how it changes over time to formulate sound economic policies as well as marketing and pricing strategies. In this study, we estimate the Quadratic Almost Ideal Demand System with six rounds of the Family Income Expenditure Survey exploiting the conditional linearity of the demand system. We find that the Filipino diet has become westernized and that the changes in urban food demand elasticities are qualitatively similar to those in urban China, especially for meat, fruits, and vegetables.We also offer some policy and business implications.

Does Market Competition Lead To Customization?, Wen-Tai Hsu, Yi Lu, Travis Ng

Research Collection School Of Economics

This paper proposes a theory of competition and customization. When firms allocate their production to both custom-made and standardized products, the fraction of sales from the former will increase in the face of increased competition. Recent surveys conducted by the World Bank on Chinese firms provide a rare direct measure of customization that allows us to test the above-mentioned prediction. We find empirical results consistent with the prediction.

Salvaging Print: Letterhead In Post-Industrial Urban America, Nancy Sharon Collins

The Mid-America Print Council Conference

This panel will explore the link between today’s small press movement and the formal aspects of commercial printing during the American 20th century. Panelists include Christine Medley , Philip Gattuso, and Nancy Bernardo.

Using as its primary example letterhead from defunct companies in Detroit, and secondarily, specimens of business and legal letterhead from other urban centers of the industrial United States, this panel will examine and discuss: What did letterhead represent to 20th century printers in local markets such as Detroit? What is the significance of printed letterhead, and stationery, to the art of small press printing in post-industrial cities …

Does Retirement Make You Happy? A Simultaneous Equations Approach, Raquel Fonseca, Arie Kapteyn, Jinkook Lee, Gema Zamarro

Education Reform Faculty and Graduate Students Publications

Continued improvements in life expectancy and fiscal insolvency of public pensions have led to an increase in pension entitlement ages in several countries, but its consequences for subjective well-being are largely unknown. Financial consequences of retirement complicate the estimation of effects of retirement on subjective well-being as financial circumstances may influence subjective well-being, and therefore, the effects of retirement are likely to be confounded by the change in income. At the same time, unobservable determinants of income are probably related with unobservable determinants of subjective wellbeing, making income possibly endogenous if used as control in subjective wellbeing regressions. To address …

Perceptions Of Climate Change, Cole T. Kleinberg

Journal of Environmental and Resource Economics at Colby

With the help of students from Environmental & Natural Resource Economics course (EC 231), a survey was distributed to hundreds of respondents across the nation with the intention to study beliefs about climate change. More than 70 students from EC231 conducted 5-10 surveys while traveling for Spring Break. The questions included in the survey address each respondent’s knowledge of climate change as well as the various influences that may alter ones beliefs as to how they are affected by climate change. This paper investigates all variables and looks for potential patterns in the survey data in the hope of finding …

The Political Economy Of Oil Spill Damage Assessment: Nrda And Deepwater Horizon, Matt Nichols, Judith T. Kildow Dr

Working Papers

The federal effort to quantify and capture non-market damages to coastal ecosystems from the 2010 Deepwater Horizon oil spill, Phase II of United States of America v. BP Exploration and Production, centers on the Natural Resource Damage Assessment (NRDA) process. This paper makes the case that the current NRDA process has done a poor job protecting the public interest and resolving the issues surrounding oil spills from deep water drilling activities. After 5 years, the findings of the NRDA still remain sealed from both affected maritime communities and academic researchers until litigation is settled with civil and criminal fines …

Effects Of Health Expenditures On Population Age Distribution And Labor Force Participation Rates: Empirical And Comparative Analysis, Jassim M. H. Al-Jebory

Masters Theses

Baby boom and population aging are the main features of the world population that are leading to child and elderly people in the labor force. Categorizing the world into low and high-income countries, the baby boom and child labor can be found in low-income countries, while population aging and elderly people in the labor force can be found in high-income countries. The cause of these features is declining rates of population and labor force ages 15-64, which is the most productive and active proportion. Health expenditures is one of the main factors that is associated with undesired trends of population …

Essays In Pro-Social Behavior, Joshua R. Foster

Graduate Theses and Dissertations

This dissertation examines individuals' actions to improve social outcomes when unrecoverable investments are necessary. Situations involving non-pecuniary and pecuniary investments are considered. In the former, the prerequisite of real effort - a non-pecuniary, unrecoverable investment - is examined when said effort determines an individual's ability to procure their preferred social outcome. Theoretical predictions over an individual's effort provision are based on their revealed preferences for the social distribution of wealth according to the general axiom of revealed preference (GARP). Laboratory experiments reveal that individuals' effort provisions do not support the assumption of stable preferences (transitivity) of wealth distribution. Specifically, individuals …

Risk Preferences And Prenatal Exposure To Sex Hormones For Ladinos, Diego Aycinena, Rimvydas Baltaduonis, Lucas Rentschler

Economics Faculty Publications

Risk preferences drive much of human decision making including investment, career and health choices and many more. Thus, understanding the determinants of risk preferences refines our understanding of choice in a broad array of environments. We assess the relationship between risk preferences, prenatal exposure to sex hormones and gender for a sample of Ladinos, which is an ethnic group comprising 62.86% of the population of Guatemala. Prenatal exposure to sex hormones has organizational effects on brain development, and has been shown to partially explain risk preferences for Caucasians. We measure prenatal exposure to sex hormones using the ratio of the …

The Impact On Consumer Behavior Of Energy Demand Side Management Programs Measurement Techniques And Methods, Jeffrey L. Pursley

College of Business: Dissertations, Theses, and Student Research

Much effort has gone into measuring the impact of Demand Side Management (DSM) programs on energy usage, particularly in regards to electric usage. However, there are potential biases in such measurements. This paper explores one of these potential biases, the rebound effect. This effect is caused by changes in consumer behavior as a result of DSM programs. The work of Steven Braithwaite and Douglas Caves provide the starting point for this analysis, although the rebound effect is referenced in many other works in this field.

In an effort the estimate this effect, data from the Nebraska Energy Office’s DSM programs …

An Examination Of South Carolina’S Institutions Of Reform And Their Impact On The Self-Narratives Of African American Men, Ashley E. Krejci-Shaw

Capstone Collection

In the State of South Carolina (SC), African American male adolescents disproportionately face disciplinary action in public schools and other institutions. In 2013, South Carolina’s Department of Juvenile Justice (SCDJJ) released data that listed Black male children comprising 57% of all juvenile referrals in the state. This disproportionate trend is also present in South Carolina’s correctional system. In 2013, South Carolina’s Department of Corrections (SCDOC) reported that out of 20,777 male prisoners, 13,631 were Black. For adolescents or young adults looking to continue their education, alternative programs are available. One program that captures educationally displaced children in South Carolina is …

Esochoice: The Self-Manipulation Of Tastes By Chameleonic Decision Makers, Brian J. Gibbs

Brian J. Gibbs

No abstract provided.

Willingness To Pay For Flood And Ecological Risk Reduction In An Urban Watershed, David Clark, Diane Novotny, Robert Griffin, Douglas Booth, Alena Bartosova, M Hutchinson

Robert Griffin

Urban watershed managers frequently must address alternative policy goals; flood control and ecological risk reduction. This study combines hydrologic models of flood control and biotic models of ecologic risk with economic models of willingness-to-pay and psychological models of risk processing and planned behavior to evaluate these two alternative policy objectives. The findings reveal that flood risk exposure, especially for those individuals who would remain outside the 100 year flood plain if the project were enacted, does influence the financial support that local residents would be willing to make to a flood control project. Other important determinants include demographic factors such …

How Effective Can Ex Post Destruction Alleviate The Hold-Up Problem?, Huan Wang, Juyuan Zhang, Yi Zhang

Research Collection School Of Economics

We first investigate whether or not ex post destruction can possibly alleviate the hold-up problem in a one-shot game between a supplier and a buyer. The answer is yes but only when the buyer believes that the supplier might be a Homo reciprocans agent with sufficiently strong propensity for reciprocity. Under incomplete information with informed supplier, investment is made feasible by the “mismatch” between the buyer’s belief of stronger supplier reciprocal propensity and a de facto weaker one. Under incomplete information with uninformed supplier, the “mismatch” between the buyer’s belief of weaker supplier reciprocal propensity and a stronger ex post …