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CMC Senior Theses

Econometrics

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Full-Text Articles in Other Economics

Driven By Change: The Impact Of Macroeconomic Shifts And Covid-19 On New Vehicle Sales, Jackson Aldrich Jan 2024

Driven By Change: The Impact Of Macroeconomic Shifts And Covid-19 On New Vehicle Sales, Jackson Aldrich

CMC Senior Theses

This paper examines the impact of macroeconomic factors and the COVID-19 pandemic on new vehicle sales. In order to address these two topics, a two-pronged approach was used with separate regression models. The macroeconomic variables include monthly supply of new homes, CPI for urban public transportation, unemployment rate, disposable personal income, inflation expectation, consumer sentiment, average gas prices, and total vehicle miles traveled which were regressed on total vehicle sales from 1978-2022. The regression results confirmed and supported current literature and highlighted the importance of the housing market and unemployment rate on new vehicle sales. The COVID-19 pandemic model variables …

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Impact Of Recessions And The Business Cycle On Altruism, Nicolas De Mello Jan 2023

Impact Of Recessions And The Business Cycle On Altruism, Nicolas De Mello

CMC Senior Theses

I examine how recessions and the business cycle impact the time individuals allocate to altruism, using American Time Use Survey data from 2002-2019. The aim of the paper was to create a measure of altruism to explore changes in attitudes towards charity and altruism instead of the financial ability to do so. Additionally, I want to understand how economic shocks, such as recessions, impact behaviors and habits across the US population. Using ordinary least squares and the Tobit model, I created two models to capture both changes during and after recessionary periods. The first model is a regression of individuals’ …

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Guns And Fatal Police Shootings: Accuracy Of Firearm Prevalence Proxies In A Panel Data Analysis, Corin Elmore Jan 2023

Guns And Fatal Police Shootings: Accuracy Of Firearm Prevalence Proxies In A Panel Data Analysis, Corin Elmore

CMC Senior Theses

This paper explores the relationship between gun prevalence and fatal police shootings in the United States. Specifically, the study assesses the validity of using FSS (Firearm Suicides Per Total Suicides) as a proxy for gun prevalence. It examines whether FBI background check data can be a more reliable alternative. Through a panel data analysis, the study provides moderate evidence that FBI background check data performs better than FSS as a proxy for gun prevalence and that the relationship between firearm prevalence and fatal police shootings is positive. Additionally, the study finds that instrumenting FSS with background check data to account …

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Is Avocado Toast The Reason I'M Still Living With My Parents?, Brendan Macdonald Jan 2018

Is Avocado Toast The Reason I'M Still Living With My Parents?, Brendan Macdonald

CMC Senior Theses

Is avocado toast the reason that I am still living with my parents? In other words, does the consumption of avocado toast, or more specifically eating out in general, have any impact on one’s ability to be a homeowner. In May of 2017, an Australian real estate developer by the name of Tim Gurner was asked to provide advice to young people who could not afford to purchase a home. He responded by saying, “when I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” (Victor, 2017). While the …

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The Evolution Of The Music Industry In The Post-Internet Era, Ashraf El Gamal Jan 2012

The Evolution Of The Music Industry In The Post-Internet Era, Ashraf El Gamal

CMC Senior Theses

The rise in the prevalence of the Internet has had a wide range of implications in nearly every industry. Within the music business, the turn of the millennium came with a unique, and difficult, set of challenges. While the majority of academic literature in the area focuses specifically on the aspect of file sharing within the Internet as it negatively impacts sales within the recording sector, this study aims to assess the Internet’s wider impacts on the broader music industry. In the same time that record sales have plummeted, the live music sector has thrived, potentially presenting alternative business models …

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Some Professionals Play Minimax: A Reexamination Of The Minimax Theory In Major League Baseball, Jeffrey Park Jan 2010

Some Professionals Play Minimax: A Reexamination Of The Minimax Theory In Major League Baseball, Jeffrey Park

CMC Senior Theses

This paper explores the behavior of Major League Baseball pitchers. We analyze the pitching data from 2007-2010 in order to determine whether their actions follow minimax play. We also examine what the OPS statistic tells us about a pitcher's value.

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An Economic Impact Study Of The "Boom" Period Of Baseball Stadium Redevelopment, Emily Mcnab Jan 2010

An Economic Impact Study Of The "Boom" Period Of Baseball Stadium Redevelopment, Emily Mcnab

CMC Senior Theses

The intention of this study is to analyze the economic impact of redeveloped Major League Baseball stadiums opened between 1991 and 2004. Using two empirical models, including an event study, this impact analysis captures the economic conditions of the cities during the opening year of the stadium, as well as the prior conditions leading up to the opening of the stadium, along with any lingering effects or gradual changes in conditions. The impact was measured in relation to the Metropolitan Statistical Areas corresponding to the 18 ballparks included, specifically looking at the impact on employment rates and per capita personal …

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