Workplace Deviance And Recession, 2016 Kennesaw State University
Workplace Deviance And Recession, Aniruddha Bagchi, Siddhartha Bandyopadhyay
We examine the relationship between the incidence of workplace deviance (on-the-job crime) and the state of the economy. A worker's probability of future employment depends on whether she has been deviant as well as on the availability of jobs. Using a two period model we show that the net impact on deviant behavior to changes in unemployment can go either way depending upon the nature of the equilibrium. Two kinds of equilibria are possible. In one, a non-deviant's probability of being employed increases as expected market conditions improve which lowers the incentive to be a deviant. In contrast ...
Single-Firm Event Studies, Securities Fraud, And Financial Crisis: Problems Of Inference, 2016 Stanford University
Single-Firm Event Studies, Securities Fraud, And Financial Crisis: Problems Of Inference, Andrew Baker
Lawsuits brought pursuant to Section 10(b) of the Securities and Exchange Act depend on the reliability of a statistical tool called an event study to adjudicate issues of reliance, materiality, loss causation, and damages. Although judicial acceptance of the event study technique is pervasive, there has been little empirical analysis of the ability of commonly used event studies to produce reliable results when applied to a single company’s security.
Using data from the recent Financial Crisis, this Note demonstrates that the standard-model event study used in most court proceedings can lead to biased inference in contravention to the ...
Household Income Uncertainties Over Three Decades, 2016 Utah State University
Household Income Uncertainties Over Three Decades, James Feigenbaum, Geng Li
No abstract provided.
The Economics Of Retail Markets For New And Used Cars, 2016 Department of Economics, The Pennsylvania State University
The Economics Of Retail Markets For New And Used Cars, Charles Murry, Henry S. Schneider
Henry S Schneider
In this chapter we describe the institutions and economics of new- and used-car retailing. Our aim is to provide a resource for researchers interested in the automobile market. We focus on three categories of economic concepts relevant to car retailing: dealership location choice, including agglomeration, entry, and exit; determinants of car pricing; and information, which is central to the used-car market but also affects the new-car market. We also provide a primer on the institutions of car retailing and a reference on data sources for researchers interested in empirical work involving cars.
Nonstandard Bidder Behavior In Real-World Auctions, 2016 U.S. Department of Justice
Nonstandard Bidder Behavior In Real-World Auctions, Joseph U. Podwol, Henry S. Schneider
Henry S Schneider
Empirical work on auctions has found that bidders deviate from standard behavior in important ways. We investigate a range of these behaviors, including nonrational herding, auction fever, quasi-endowment effect, and escalation of commitment. Our innovations are to more completely control for unobservables by using new data from a field experiment on eBay, and by accounting for censoring of bids below the starting price. Consistent with standard auction theory and in contrast to the predictions of the nonstandard behaviors, we find that auction starting price has no effect on bidder willingness in a private-values setting. We conclude that there is little ...
Contract Structure For Joint Production: Risk And Ambiguity Under Compensatory Damages, 2016 University of Toronto
Contract Structure For Joint Production: Risk And Ambiguity Under Compensatory Damages, Michael D. Ryall, Rachelle C. Sampson
Michael D Ryall
We develop a model in which the parties to a joint production project have a choice of specifying contractual performance in terms of actions or deliverables. Penalties for noncompliance are not specified; rather, they are left to the courts under the legal doctrine of compensatory damages. We analyze three scenarios of increasing uncertainty: Full Knowledge - where implications of partner actions are known; Risk - where implications can be probabilistically quantified; and, Ambiguity - where implications cannot be so quantified. Under Full Knowledge, action requirements dominate: they always induce the maximum economic value. This dominance vanishes in the Risk scenario. Under Ambiguity, deliverables ...
Liquidity, Systemic Risk, And The Bankruptcy Treatment Of Financial Contracts, 2016 Faculty of Laws, UCL; World Bank Global Initiative on Insolvency and Creditor/Debtor Regimes; 3-4 South Square Chambers
Liquidity, Systemic Risk, And The Bankruptcy Treatment Of Financial Contracts, Riz Mokal
Parties to repos, and to swaps and other derivatives are accorded privileged treatment in bankruptcy laws in several dozen countries. Key international ‘best practice’ standards urge legislators in other jurisdictions to provide likewise. The beneficiaries of these privileges are solvent counterparties enabled, unimpeded by bankruptcy moratoria, to enforce close-out netting arrangements and to dispose of collateral. The purported rationale is mitigation of systemic risk.
This Article focuses particularly on European Union (EU) law and international soft-law instruments. It expands on existing literature by mapping the path dependent process by which national legislators and international standard setters were seduced to the ...
What Will The Neighbors Think? Perceptions Of Failure Intolerance On Individual Entrepreneurial Intention In The Rural Midwest, 2015 The University of Southern Mississippi
What Will The Neighbors Think? Perceptions Of Failure Intolerance On Individual Entrepreneurial Intention In The Rural Midwest, Brock M. Stout
Entrepreneurship is increasingly considered the most efficacious economic development intervention, but employing research-informed efforts is important. Extensive literature links the perception of a local culture’s intolerance of business failure to extinguishing of entrepreneurial intention in a community. Some research refutes that link. This study investigated the influence of perceived failure intolerance (PFI) on entrepreneurial intention—and the influence of self-efficacy on perceived failure intolerance—in the rural Midwestern United States. The study employed a modified Delphi methodology to analyze the decision-making processes of potential entrepreneurs as interpreted by experts in rural entrepreneurship. The study provides data about the interaction ...
Cirugía Cosmética: Un Análisis De Su Historia Y Prevalencia En Latinoamérica, 2015 University of Tennessee - Knoxville
Cirugía Cosmética: Un Análisis De Su Historia Y Prevalencia En Latinoamérica, Elena R. Hamilton
University of Tennessee Honors Thesis Projects
No abstract provided.
The Political, Economic And Societal Challenges Encountered By Public School Systems In Developing Countries, 2015 University of Pennsylvania
The Political, Economic And Societal Challenges Encountered By Public School Systems In Developing Countries, Priyadarshani Joshi
The paper analyzes the challenges and supports that mediate public schools’ ability to initiate reforms and productively respond to competition from private schools. An understanding of impediments can help policymakers better target their attention to the key bottlenecks and the most disadvantaged populations. I conduct a two-step mixed methods analysis. I first conduct qualitative analysis of interview data and descriptive statistics of principal perceptions to describe the barriers to reform that generally affect public schools more frequently than private schools. Then, I analyze whether the barriers (and supports) to reform can be systematically linked to the extent of privatization by ...
Analysis Of The Euro And The European Monetary System And Its Effect On Greece In The Light Of The European Financial Crisis, 2015 State University of New York Buffalo State
Analysis Of The Euro And The European Monetary System And Its Effect On Greece In The Light Of The European Financial Crisis, Mohamed Alinur
Applied Economics Theses
The ability to issue money used for transactions is a power usually reserved by a country’s central government, and it is often seen as a part of a nation’s sovereignty. A monetary union entails multiple countries ceding control over the supply of money to a common authority. The euro was introduced sixteen years ago and has since functioned well, with the European Central Bank keeping inflation low. However, the current Eurozone crisis provides a severe test of the euro’s ability to survive. The Eurozone crisis is plagued by fiscal crises, which have taken their biggest toll on ...
Cats And Dogs And Humans, Poem 11/23/2015, 2015 University of Massachusetts at Amherst
Cats And Dogs And Humans, Poem 11/23/2015, Charles Kay Smith
Charles Kay Smith
Thoughts on science, inequality and the economy
Care That Matters: Quality Measurement And Health Care, 2015 University of Massachusetts Medical School
Care That Matters: Quality Measurement And Health Care, Barry G. Saver, Stephen A. Martin, Ronald N. Adler, Lucy M. Candib, Konstantinos E. Deligiannidis, Jeremy Golding, Daniel J. Mullin, Michele Roberts, Stefan Topolski
Family Medicine and Community Health Publications and Presentations
Barry Saver and colleagues caution against the use of process and performance metrics as health care quality measures in the United States.
Art Education In My Backyard: Creative Placemaking On An Urban Farm, 2015 University of Florida
Art Education In My Backyard: Creative Placemaking On An Urban Farm, Jodi Kushins
Artizein: Arts and Teaching Journal
An art educator describes how she used her knowledge and experience of artistic and educational initiatives that forefront collective activity in real world settings to transform her backyard into an urban farm with the help of friends and neighbors. She combines an autoethnographic account of her experiences, including original photographs, with research on conceptual artists, participatory culture, and creative placemaking to position her work as participatory environmental art education. The paper is organized around the major steps one undertakes in planting a garden – siting, amending, seeding, tending, and harvesting - to draw parallels between the processes of maintaining a garden, and ...
Accounting For Indirect Costs In Public Health Cost Analyses, 2015 University of Colorado Anschutz Medical Campus
Accounting For Indirect Costs In Public Health Cost Analyses, Melanie D. Whittington, Adam Atherly, Lisa Vanraemdonck
Frontiers in Public Health Services and Systems Research
Background. There is a gap in research regarding the resources needed to deliver public health activities, which inhibits informed decision making around investments in public health and the allocation of funds among activities. When conducting cost analyses in public health, it is important to include costs from all cost components, including personnel, non-personnel, and indirect costs. However, defining, identifying, and measuring indirect costs is challenging and can impede studies of this type. Purpose. The purpose of this pilot study is to create a catalog of the methodologies public health researchers have used to account for indirect costs. Methods. We surveyed ...
Jurisdiction Size And Director Compensation In Connecticut Local Health Departments, 2015 University of Connecticut - Storrs
Jurisdiction Size And Director Compensation In Connecticut Local Health Departments, Nicole Lorenzo, Rexford E. Santerre
Frontiers in Public Health Services and Systems Research
Objective: To examine if the compensation of local public health directors responds to organizational size in the same manner found for other types of for-profit, not-for-profit, and public managers.
Design: Panel data ordinary least squares with fixed effects for the local health department and time period. Control variables include median household income, the unemployment rate, and the part-time versus full-time and independent versus district status of the local public health department.
Setting: Sample of Connecticut local health departments over the period from 2001 to 2011.
Main Outcome Measures: Annual wage of the local public health director and population in the ...
La Efectiva Integración Del Mercosur. Estado Actual Del Proceso. Avances Y Desafíos, 2015 Universidad Nacional de Asunción
La Efectiva Integración Del Mercosur. Estado Actual Del Proceso. Avances Y Desafíos, Francisco Carlos Ruiz Diaz
Francisco Carlos Ruiz Diaz
El Mercosur se encuentra actualmente en un equilibrio que no es su condición de equilibrio de largo plazo. Su agenda comercial con pocos avances. Se han incluido dos nuevos socios, lo cual implica menos concentración (poder en las negociaciones) por parte de los socios mayoritarios (Argentina y Brasil). En los próximos años el Mercosur tendrá como desafíos: fortalecer y completar las instituciones para la libre circulación, retomar los esfuerzos para potenciar los temas comerciales, conectividad física e infraestructura, profundizar el relacionamiento externo (problemas de «agregación de preferencias), consolidar la coordinación macroeconómica y recuperar la credibilidad del sistema de solución de ...
Estimating Health And Economic Gains From Public Health Delivery System Transformation, 2015 University of Kentucky
Estimating Health And Economic Gains From Public Health Delivery System Transformation, Glen Mays
Objectives: The Affordable Care Act created new resources and incentives for hospitals, insurers, public health agencies, and others to contribute to disease prevention and health promotion activities, potentially changing the structure of public health delivery systems and expanding the implementation of strategies that improve population health. This study uses data from the 1998-2014 National Longitudinal Survey of Public Health Systems to examine: (1) the extent and nature of change in inter-organizational contributions to public health activities, which we use as indicators of public health system change; and (2) the effects of these changes on preventable mortality and resource use.
Global Climate Policy Will Have Net Benefits Larger Than Anyone Thinks (And Welfare Gains, Strangely, Are Likely To Be Much Larger Yet), 2015 University of Colorado at Boulder
Global Climate Policy Will Have Net Benefits Larger Than Anyone Thinks (And Welfare Gains, Strangely, Are Likely To Be Much Larger Yet), Philip E. Graves
PHILIP E GRAVES
In this short note, two central observations of relevance to climate policy are emphasized. First, failure to endogenize the labor-leisure decision in benefit-cost analysis results in undervaluation of policies devoted to public goods, greenhouse gas mitigation being the case of interest here (see Flores and Graves 2008 for proofs). The second observation is of greater importance. The full extent of the free riding problem mentioned toward the end of Samuelson’s classic treatment of optimal provision of public goods (see Samuelson 1954) was not understood until recently (see Graves 2009). Any time conditions are such that one would expect free ...
Implications Of Global Warming: Two Eras, 2015 University of Colorado at Boulder
Implications Of Global Warming: Two Eras, Philip E. Graves
PHILIP E GRAVES
The purpose of the present paper is to attempt to gain insights into the implications of global warming that is anticipated in the future. In attempting to think about really long-term regional implications, it seems naïve to look at global warming without thinking about long-standing trends in other variables that would be expected to interact with climate change over time. I envision two quite different “eras,” a first filled with considerable danger of both economic and environmental collapse. But—if humanity survives the first period—a second period of great promise for humanity and the global ecosystem is likely to ...