Open Access. Powered by Scholars. Published by Universities.®
- Discipline
- Institution
- Publication Type
Articles 1 - 5 of 5
Full-Text Articles in Public Economics
Sustainable Budgeting, Brian K. Strow, Claudia W. Strow
Sustainable Budgeting, Brian K. Strow, Claudia W. Strow
Economics Faculty Publications
At the forefront of current discussion and social conscience is the importance of ecological sustainability. An also important but often overlooked issue is the importance of sustainable budgeting practices for our various levels of government. Governments often provide social services such as food, clothing, shelter, education, public safety, or health care. If the money to pay for the social services comes from additional government debt, social services to future citizens become imperiled. In this paper, the authors set forth a theoretical framework for sustainable government decision making with special emphasis on sustainable governmental budgeting. The authors outline the intricacies of …
Fishery Regulation And New England's Local Economies: Preliminary Evidence From A Natural Experiment, Spencer Fleury Ph.D.
Fishery Regulation And New England's Local Economies: Preliminary Evidence From A Natural Experiment, Spencer Fleury Ph.D.
Spencer Fleury Ph.D.
This paper examines the economic impacts of Amendment Five and Amendment Seven to the Northeast Multispecies Groundfish Management Plan on the economies of coastal cities and towns in southern New England, using a difference-in-differences OLS regression model and a Probit model. The potential existence of city-level economic impacts on fishing-related employment, average wages paid, median home values, and the unemployment rate was examined, with the object of providing guidance for policymakers involved in developing fisheries regulations. The results do not support the hypothesis that these regulations had a significant adverse effect on southern New England‘s coastal economies.
Are Home Values Affected By Sinkhole Proximity? Results Of A Hedonic Price Model, Spencer Fleury Ph.D.
Are Home Values Affected By Sinkhole Proximity? Results Of A Hedonic Price Model, Spencer Fleury Ph.D.
Spencer Fleury Ph.D.
Though they lack the high profile and sheer destructive force of hurricanes, floods, and other natural hazards, sinkholes have on occasion generated significant damage to buildings, roads, and other human-built structures, and should be considered natural hazards in their own right. In sinkhole-prone areas where market insurance against sinkhole damage is available, economic theory suggests that homes located there should be valued somewhat lower than homes located in areas where sinkholes are rare or nonexistent, in recognition of both the risk faced by the homeowner in a sinkhole-prone area, and the cost of insuring one’s property against that risk. Working …
I Don't Know, Philip E. Graves
I Don't Know, Philip E. Graves
PHILIP E GRAVES
This is a non-fiction novel, titled I Don't Know. I is in three parts, the first economic (which will seem "liberal" to most), the second political (which will seem "conservative" to most), and the third theological (which will seem weird to most). I think you will find it a fun read, and feel free to distribute it at will.
The Bias Against New Innovations In Health Care:Value Uncertainty And Willingness To Pay, Surrey M. Walton, Philip E. Graves, Peter R. Mueser, Jay K. Dow
The Bias Against New Innovations In Health Care:Value Uncertainty And Willingness To Pay, Surrey M. Walton, Philip E. Graves, Peter R. Mueser, Jay K. Dow
PHILIP E GRAVES
This paper offers a model for the bias found in willingness-to-pay valuations against new treatments. For example, this bias provides an explanation for patient preferences that make it difficult for formularies to take treatments off their lists, even when newer treatments would appear to be clearly preferable. The appeal of the model, which is based on imperfect information, is that it is consistent with rational preferences and rational behavior by patients, which are necessary for standard models and methods related to decision theory, costeffectiveness, and efficiency.