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Targeted Advertising, Platform Competition And Privacy, Henk L.M. Kox, Bas Straathof, Gijsbert Zwart 2017 KVL Economic Policy Research

Targeted Advertising, Platform Competition And Privacy, Henk L.M. Kox, Bas Straathof, Gijsbert Zwart

Henk LM Kox

Targeted advertising can benefit consumers through lower prices for access to websites. Yet, if consumers dislike that websites collect their personal information, their welfare may go down. We study competition for consumers between websites that can show targeted advertisements. We find that more targeting increases competition and reduces the websites’ profits, but yet in equilibrium websites choose maximum targeting as they cannot credibly commit to low targeting. A privacy protection policy can be beneficial for both consumers and websites. If consumers are heterogeneous in their concerns for privacy, a policy that allows choice between two levels of privacy will be ...


Global Climate Policywill Have Net Benefits Larger Than Anyone Thinks (And Welfare Gains, Strangely, Are Likely To Be Much Larger Yet), PHILIP E. GRAVES 2017 University of Colorado at Boulder

Global Climate Policywill Have Net Benefits Larger Than Anyone Thinks (And Welfare Gains, Strangely, Are Likely To Be Much Larger Yet), Philip E. Graves

PHILIP E GRAVES

As with other public goods lacking strong special interest support, global climate policy suffers from two serious
theoretical flaws. The first is failure to endogenize the labor-leisure decision when conducting benefit-cost analysis.
Recognition that income generated will not remain the same pre-and-post policy results in downward bias
in benefit estimation. Much more importantly, there will generally be free riding in input markets in addition to
the well-known output demand revelation problem. Since even households with very high marginal values cannot
individually increment public goods, too little income will be generated and too much of the income that is
generated will ...


Utility Cost Of Formal Privacy For Releasing National Employer-Employee Statistics, Samuel Haney, Ashwin Machanavajjhala, John M. Abowd, Matthew Graham, Mark Kutzbach, Lars Vilhuber 2017 Duke University

Utility Cost Of Formal Privacy For Releasing National Employer-Employee Statistics, Samuel Haney, Ashwin Machanavajjhala, John M. Abowd, Matthew Graham, Mark Kutzbach, Lars Vilhuber

Labor Dynamics Institute

National statistical agencies around the world publish tabular summaries based on combined employer-employee (ER-EE) data. The privacy of both individuals and business establishments that feature in these data are protected by law in most countries. These data are currently released using a variety of statistical disclosure limitation (SDL) techniques that do not reveal the exact characteristics of particular employers and employees, but lack provable privacy guarantees limiting inferential disclosures. In this work, we present novel algorithms for releasing tabular summaries of linked ER-EE data with formal, provable guarantees of privacy. We show that state-of-the-art differentially private algorithms add too much ...


Caught In The Headlights: Revising The Road Kill Hypothesis Of Antebellum Illinois Bank Failures, Scott N. Clayman, Scott Deacle, Andrew J. Economopoulos 2017 Ursinus College

Caught In The Headlights: Revising The Road Kill Hypothesis Of Antebellum Illinois Bank Failures, Scott N. Clayman, Scott Deacle, Andrew J. Economopoulos

Business and Economics Faculty Publications

Illinois had a dismal free banking experience, with over 80% of its free banks failing by the start of the Civil War. Researchers agree that a dramatic change in bond prices was the catalyst, and some have shown that the riskiest banks, ex ante, were the most likely to fail. This study examines how Illinois free banks adjusted their portfolios in the face of increased political and financial risks prior to Abraham Lincoln’s election as president. Lincoln’s nomination in May 1860 and the Democratic Party schism in June 1860 raised the likelihood of secession and the potential for ...


Consequences Of Information Asymmetry On Corporate Risk Management, Howard J. Merrill III 2017 Buffalo State

Consequences Of Information Asymmetry On Corporate Risk Management, Howard J. Merrill Iii

Applied Economics Theses

This paper will demonstrate the impact information asymmetry has on risk management. There is a noticeable impact within the context of consumer credit risk. If a firm is able to recognize this, they can make improved credit decisions that will reduce the consequences. The theoretical impact will be presented while depicting areas of risk management that are susceptible to information asymmetry. We find a direct impact on the development of scoring models, credit policies, and origination volume. These results hold for banks with portfolios consisting of consumer credit products and small business loans. Once known, banks can better tailor their ...


Stock Market Wealth Impact On Consumption Expenditure, Ramberto Jr. Sosa Cueto 2017 State University of New York College at Buffalo - Buffalo State College

Stock Market Wealth Impact On Consumption Expenditure, Ramberto Jr. Sosa Cueto

Applied Economics Theses

The purpose of this thesis is to explain the role of the stock market in determining aggregate consumer behavior. Theoretically, the life-cycle hypothesis is the main link between consumption and wealth. Additionally, a household’s corporate equities holdings form part of that wealth (a small proportion). However, stock market fluctuations account for a significant part of the variation in household wealth, because of the stock prices’ volatility.

In regression models, the estimated relationship between consumption and wealth is commonly positive and statistically significant. The empirical evidence in this paper suggests that the relationship between consumption and wealth is positive and ...


The Impact Of Money Supply And Electronic Money: Empirical Evidence From Central Bank In China, Rui Qin 2017 State University of New York College at Buffalo - Buffalo State College

The Impact Of Money Supply And Electronic Money: Empirical Evidence From Central Bank In China, Rui Qin

Applied Economics Theses

The purpose of this paper is to study the electronic money's influence on the money supply as well as the power of the central bank. We show in an illustrative theoretical model that electronic money will impact on money supply, especially affect M0 and M1. Using data of central bank in China during 1990 to 2010 and applying ordinary least squares (OLS) regression models, we find robust evidence that electronic money has a negative impact on M0, but a positive impact on M1. In addition, the central bank's abilities to control money supply can be affected by the ...


Effects Of The Great Recession On American Retirement Funding, Tanner G. Hamil 2017 University of Tennessee, Knoxville

Effects Of The Great Recession On American Retirement Funding, Tanner G. Hamil

University of Tennessee Honors Thesis Projects

No abstract provided.


The Design Of An Instrument To Assess Clinical Laboratories Efficacy Post Implementation Of The Patient Protection Affordable Care Act, Harry McDonald Jr. 2017 University of Southern Mississippi

The Design Of An Instrument To Assess Clinical Laboratories Efficacy Post Implementation Of The Patient Protection Affordable Care Act, Harry Mcdonald Jr.

Dissertations

The healthcare system in the United States has undergone substantial changes in support of the Patient Protection and Affordable Care Act (PPACA). On March 23, 2010, the implementation of the new healthcare law brought universal healthcare access to all Americans, while attempting to increase quality and decrease medical costs. The new law promotes more of a quality-focused, outcome-based model rather than a pay-for-fee service model; thus, moving the paradigm from infrequent to preemptive healthcare. The PPACA postulates as the only way to achieve cost savings while increasing quality and access. Never before has there been such an extensive change to ...


The Impact Of Commercial Banking Development On Economic Growth: A Principal Component Analysis Of Association Between Banking Industry And Economic Growth In Europe, Hugh L. Davis III 2017 University of Southern Mississippi

The Impact Of Commercial Banking Development On Economic Growth: A Principal Component Analysis Of Association Between Banking Industry And Economic Growth In Europe, Hugh L. Davis Iii

Dissertations

There are significant differences in the economic growth trajectories of Western, Central and Eastern Europe since the beginning of the democratic movements of the early 1990s. It may be observed that the more developed the region, the lower the growth rate. There are a number of explanations for this growth rate variance, e.g. cultural, resources, institutional and/or political. An explanation this research is pursuing is institutional - the correlation between banking development and economic growth. More specifically, does banking development have a greater impact on growth where economic development begins at a lower level?

Very little research has been ...


A Statistical Study Of The Prices And Production Of Beef Cattle, John A. Hopkins Jr. 2017 Iowa State College

A Statistical Study Of The Prices And Production Of Beef Cattle, John A. Hopkins Jr.

Research Bulletin (Iowa Agriculture and Home Economics Experiment Station)

This study attempts, as far as possible, to find explanations for the various major and minor movements in prices of cattle since Iowa became an important beef producing state. An examination has been made to see if there are elements which may be expected to influence prices in the same manner in the future.


A Partial Correlation Analysis Of Farm Organization And Management Data From Warren County, Iowa, C. W. Crickman 2017 Iowa State College

A Partial Correlation Analysis Of Farm Organization And Management Data From Warren County, Iowa, C. W. Crickman

Research Bulletin (Iowa Agriculture and Home Economics Experiment Station)

When the net effect of each of fourteen factors upon the profits for the year 1921 on 231 Warren County farms is measured by coefficients of net correlation, it is found that the most important factors, in order of importance, are the production per animal unit, efficiency in the use of man labor, value of the real estate per acre because it influences the deduction made for the use of land, crop yields, and the amount of pasture used to carry one animal unit. All other coefficients are too small to carry definite significance.

The results, 'while not as conclusive ...


Women’S Work: Labor Market Outcomes And Female Entrepreneurship In Ghana, Loretta Agyemang 2017 University of Pittsburgh

Women’S Work: Labor Market Outcomes And Female Entrepreneurship In Ghana, Loretta Agyemang

Butler Journal of Undergraduate Research

This paper is an investigation of female entrepreneurship in Ghana. It seeks to answer the following question: Why are Ghanaian women so heavily concentrated in microenterprise in the informal economy? The literature review explores labor market trends for women on three different scales including an overview of developing countries, Sub-Saharan Africa regional, and Ghana-specific analysis. After exploring issues women face in formal employment, the study delves into business operations of informal, urban-based market participants by analyzing data pertaining to Ghanaian microenterprise. Additionally, the paper details the experiences and views of female entrepreneurs through in-depth interviews and participant observations with thirty ...


2016 Nonresident Visitation, Expenditures & Economic Impact Estimates, Kara Grau 2017 University of Montana - Missoula

2016 Nonresident Visitation, Expenditures & Economic Impact Estimates, Kara Grau

Institute for Tourism and Recreation Research Publications

A collection of 2016 full year and quarterly estimates of nonresident visitation, expenditures by nonresident travelers, and economic impact estimates, including expenditures by purpose of trip, airport of arrival, and international visitors.


Policy Comment: Proposals For Ontario's Solar Future, Rashin Alizadeh 2017 University of Windsor, Faculty of Law

Policy Comment: Proposals For Ontario's Solar Future, Rashin Alizadeh

Western Journal of Legal Studies

In Ontario, the protection of solar energy is both complicated and limited. In order to take advantage of evolving greener energy sources, and reduce our contribution to global warming, Ontario must better protect solar energy use and solar energy investments. This commentary evaluates the incentives for extending the use of solar technology as part of the Green Energy Act, 2009, SO 2009. The analysis focuses on the relationship between the provincial and municipal governments as it relates to the green energy industry, and the level of public engagement and awareness that is being achieved. Reform to municipal zoning bylaws are ...


Do Credit Ratings Matter? An Examination Of The Relationship Between Sovereign Ratings And Capital Flows Pre And Post Financial Crisis, Gregory Violante 2017 College of the Holy Cross

Do Credit Ratings Matter? An Examination Of The Relationship Between Sovereign Ratings And Capital Flows Pre And Post Financial Crisis, Gregory Violante

Holy Cross Undergraduate Academic Conference

This paper examines the relationship between sovereign credit ratings and international capital flows to emerging market economies (EMEs). More specifically, it analyzes how ratings impact capital flows (FDI and portfolio investment) before and after the 2007-2008 financial crisis. This study breaks the data into two samples, pre-crisis (1995-2006), and the post crisis (2007-2015). After using a System GMM method for 20 EMEs, the paper compares the pre- and post- financial crisis credit rating coefficients. The results indicate that the ratings have become more impactful overtime, for both FDI and portfolio investment, although the coefficients are not statistically different. Interestingly however ...


Broken Glass: The Decline Of Corporate Paternalism And Welfare Capitalism, A Critical Analysis Of One Company’S Systematic Socio-Economic Metamorphosis, Doug Bruno 2017 Northern Michigan University

Broken Glass: The Decline Of Corporate Paternalism And Welfare Capitalism, A Critical Analysis Of One Company’S Systematic Socio-Economic Metamorphosis, Doug Bruno

Conspectus Borealis

No abstract provided.


Innovation And Interprovincial Income Inequality In China, Anna Shcherbiak 2017 Lake Forest College

Innovation And Interprovincial Income Inequality In China, Anna Shcherbiak

Senior Theses

China’s recent economic growth has turned the country into one of the major players in the global economy, however uneven distribution of its benefits has undermined social cohesion of the country and led to outburst of civil unrest. This paper explores to what extent can innovation and its diffusion help the provinces achieve within-region convergence on income. The study employs Two-Stage Least Squares and Spatial Durbin Models to elucidate differentiate the importance of different types of innovation on inter-provincial income inequality. The results emphasize the importance of innovation, rather than invention, for convergence of income, and underscore the harmful ...


The Importance Of Profitability In Determining Volatility Across Industries With Different Debt Levels, Timothy de Silva 2017 Claremont McKenna College

The Importance Of Profitability In Determining Volatility Across Industries With Different Debt Levels, Timothy De Silva

Undergraduate Economic Review

This paper seeks to investigate the relationship between debt and volatility. No consensus currently exists on the effects of financial leverage on stock volatility. With the increased use of complex financial derivatives in recent decades, the importance of understanding the factors that influence volatility has become extremely important. By looking at a cross-section of industries, this paper demonstrates how the importance of profitability for explaining volatility changes depending on industry debt levels, which are endogenous and depend on industry characteristics.


Behavioral Finance And Its Impact On Investing, Jordan Fieger 2017 Liberty University

Behavioral Finance And Its Impact On Investing, Jordan Fieger

Senior Honors Theses

The field of behavioral finance has seen incredible growth over the past half century as it has explored the effect that cognitive psychological biases can have on investors’ financial decisions. Behavioral finance stands in stark contrast to the efficient market hypothesis, as it attributes market inefficiencies to investors who are not perfectly rational human beings. It offers a solution to the observed 3.5% gap that active equity investors miss out on in the market compared to passive index funds, which it attributes to their emotions and psychological biases. These common human biases can be grouped into five major categories ...


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