Alianzas Estratégicas, 2015 SelectedWorks
Alianzas Estratégicas, Guillermo Arosemena
No abstract provided.
Coup D'État And International Trade, 2015 University of Tennessee, Knoxville
Coup D'État And International Trade, Brian Alan Childers
University of Tennessee Honors Thesis Projects
No abstract provided.
A Business Trust For Partnerships? Early Conceptions Of Company-Related Assets In Legal Literature, And Antwerp Forensic And Commercial Practice (Later Sixteenth-Early Seventeenth Century), 2015 SelectedWorks
A Business Trust For Partnerships? Early Conceptions Of Company-Related Assets In Legal Literature, And Antwerp Forensic And Commercial Practice (Later Sixteenth-Early Seventeenth Century), Dave De Ruysscher
Dave De ruysscher
The Antwerp example demonstrates that in the early modern period entity shielding for partnerships existed in some form by law, and that it was devised in doctrine and the practice of courts rather than in legislation. The affectation of assets for the business venture that did not entail limited liability nonetheless allowed for some separation of personal from partnership-related assets. This innovation, which was devised in doctrine in the early 1600s, was important in a mercantile context in which partnerships with open goals and with active partners or directors engaged in diverse business activities. Yet, according to an older rule ...
Carbon Free Energy Development And The Role Of Small Modular Reactors: A Review And Decision Framework For Deployment In Developing Countries, Geoffrey Black, Meredith A. Taylor, David Solan, David Shropshire
Economics Faculty Publications and Presentations
Global energy demand is projected to continue to grow over the next two decades, especially in developing economies. An emerging energy technology with distinct advantages for growing economies is small modular nuclear reactors (SMRs). Their smaller size makes them suitable for areas with limited grid capacities and dispersed populations while enabling flexibility in generating capacity and fuel sources. They have the ability to pair well with renewable energy sources, the major source of increased energy capacity for many developing economies. Further advantages include their passive safety features, lower capital requirements, and reduced construction times. As a result, SMRs have potential ...
American And British Strategies In The Competition For Energy Resources In Sub-Saharan Africa, Stefan Andreasson
No abstract provided.
Firms’ Qualification And Subcontracting In Public Procurement: An Empirical Investigation, Luigi Moretti, Paola Valbonesi
Using a newly assembled dataset, we empirically investigate the effects of subcontracting on procurement auction prices in Italy. In this setting, the pre-qualifications required for firms aiming to bid on public contracts determine the firms' different subcontracting formats. We find that fully qualified firms in a position to choose whether to subcontract generally offer lower prices than partially qualified firms, which must proceed with mandatory subcontracts. This result indicates that the firms' voluntary arrangements tend to improve market performance, while imposed arrangements tend to worsen market performance, in the public procurement supply-chain.
Slow Information Diffusion And The Inertial Behavior Of Durable Consumption, 2015 SelectedWorks
Slow Information Diffusion And The Inertial Behavior Of Durable Consumption, Yulei Luo, Jun Nie, Eric Young
This paper studies the aggregate dynamics of durable and nondurable consumption under slow information diffusion (SID) due to noisy observations and learning within the permanent income framework. We show that SID can significantly improve the model's predictions on the joint behavior of income, durable consumption, and nondurable consumption at the aggregate level. Specifically, we find that SID can significantly improve the model's predictions for: (i) smoothness in durable and nondurable consumption, (ii) autocorrelation of durable consumption, and (iii) contemporaneous correlation between durable and nondurable consumption.
The Role Of Coordination Bias In Platform Competition, 2015 SelectedWorks
The Role Of Coordination Bias In Platform Competition, Hanna Halaburda, Yaron Yehezkel
This paper considers platform competition in a two-sided market that includes buyers and sellers. One of the platforms benefits from a favorable coordination bias in the market, in that for this platform it is less costly than for the other platform to convince customers that the two sides will coordinate on joining it. We find that the degree of the coordination bias affects the platform's decision regarding the business model (i.e., whether to subsidize buyers or sellers), the access fees and the size of the platform. A slight increase in the coordination bias may induce the advantaged platform ...
Bank On Steel? Joint-Stock Banks And The Rationalization Of The British Interwar Steel Industry, Florian Ploeckl
This study investigates the impact of joint-stock banks on the rationalization of the British interwar steel industry. A new panel data set of steel firm characteristics covering 1920–1938 is used to document rationalization and bank involvement, including interlocking directorships, with both found to be more extensive than previously thought. A set of all potential amalgamation pairs is created and used in a logit analysis of the determinants of mergers. Bank involvement with firms increased the probability that a particular merger occurred. Furthermore, mergers with bank involvement differed in their impact on profitability from those without.
Checklists And Worker Behaviour: A Field Experiment, 2015 SelectedWorks
Checklists And Worker Behaviour: A Field Experiment, C. Kirabo Jackson, Henry Schneider
C. Kirabo Jackson
We analyze data from a field experiment in which an auto-repair firm provided checklists to mechanics and monitored their use. Revenue was 20 percent higher during the experiment, and the effect is equivalent to that of a 1.6 percentage point (10 percent) commission increase. Checklists appear to boost productivity by serving both as a memory aid and a monitoring technology. Despite the large benefits to the firm, mechanics did not use checklists without the firm directly monitoring their use. We show that a moral hazard can explain why mechanics do not otherwise adopt checklists.
How Global Institutions Rule The World, 2015 SelectedWorks
How Global Institutions Rule The World, Josep M. Colomer
Josep M. Colomer
Does world government actually exist? Are the current global institutions efficient in making decisions? Can they be compatible with basic democratic principles?
Patent Licensing And Entry Deterrence: The Role Of Low Royalties, 2015 SelectedWorks
Patent Licensing And Entry Deterrence: The Role Of Low Royalties, Anne Duchene, Konstantinos Serfes, Debapriya Sen
No abstract provided.
The Impact Of The Volatility Of Monetary Policy On A Small Economy: Some Evidence From New Zealand, Reza Moosavi Mohseni Dr., Jiling Cao, Wenjun Zhang
Reza Moosavi Mohseni
This paper investigates the impact of the international and domestic volatility of monetary policy shocks on a small economy using the GARCH-SVAR model. We enrich the SVAR model by using time-varying International and domestic volatilities as endogenous variables. The results show that although monetary policy shocks have transient effect on real economy (neutrality of money) the impact of the volatility of monetary policy shocks on real part of the economy is permanent and significant. Findings of variance decomposition also show that New Zealand heavily depends on international trade, so international monetary shocks can have a permanent impact on the local ...
Decomposing Poverty Change: Within- And Between-Group Effects, 2014 SelectedWorks
Decomposing Poverty Change: Within- And Between-Group Effects, Srijit Mishra
This slide share explains the method of 'Decomposing Poverty Change: Deciphering Change in Total Population and Beyond' published in the Review of Income and Wealth.
Wages And Employment Dynamics In Economies With Large Firms, Uncertainty And Labor Turnover Costs: A Viscosity Theory, Vathana Lyvath, Simone Scotti, Andrea Vindigni
We present a dynamic general equilibrium model of the labor market, where large (i.e. multi-worker) firms, subject to a number of idiosyncratic productivity shocks (drawn inter alia from a large class of diffusion processes), bargain à la Stole-Zwiebel over wages, in presence of hiring and firing costs. Like wages, firms' entry decisions and labor market flows are also endogenous, and are computed in closed form. Closed form solutions are also available for the value functions of the firms, of the workers, and for the two barriers of the inaction range, which characterizes the optimal employment policy of firms. Formally ...
Current Account “Core-Periphery Dualism” In The Emu, 2014 SelectedWorks
Current Account “Core-Periphery Dualism” In The Emu, Tatiana Cesaroni, Roberta De Santis
Roberta De Santis
Current account (CA) dispersion within European Union (EU) member states has been increasing progressively since the 1990s. Interestingly, the persistent deficits in many peripheral countries have not been accompanied by a significant growth process able to stimulate a log run rebalancing as neoclassical theory predicts. To shed light on the issue this paper investigates the determinants of Eurozone CA imbalances, focusing on the role played by financial integration. The analysis considers two samples of 22 OECD and 15 EU countries, three time horizons corresponding to various steps in European integration, different control variables and several panel econometric methods. The results ...
Group-Average Observables As Controls For Sorting On Unobservables When Estimating Group Treatment Effects: The Case Of School And Neighborhood Effects, Joseph G. Altonji, Richard K. Mansfield
We consider the classic problem of estimating group treatment effects when individuals sort based on observed and unobserved characteristics. Using a standard choice model, we show that controlling for group averages of observed individual characteristics potentially absorbs all the across-group variation in unobservable individual characteristics. We use this insight to bound the treatment effect variance of school systems and associated neighborhoods for various outcomes. Across four datasets, our conservative estimates indicate that a 90th versus 10th percentile school system increases high school graduation and college enrollment probabilities by at least 0.047 and 0.11. Other applications include measurement of ...
Reaganomics And The Welfare State, 2014 Western Michigan University
Reaganomics And The Welfare State, Mimi Abramovitz, Tom Hopkins
The Journal of Sociology & Social Welfare
Supply-side tax and spending policies have intensified poverty, unemployment and inequality, especially for women, minorities and organized labor. At the same time Reaganomics is shrinking and weakening the welfare state. To better understand and resist this conservative assault it is necessary to demystify the "economics" and "politics" of supply-side doctrine. This paper (a) defines the basic assumptions of supply-side economics; (b) identifies some of its problems and contradictions; (c) discusses its impact on the welfare state; and (d) analyzes it as part of a broader plan for coping with the current economic crisis. It argues that the supply-side tax cut ...
The Social Work Service Commodity In The Inflationary 80'S, 2014 Western Michigan University
The Social Work Service Commodity In The Inflationary 80'S, Harold Lewis
The Journal of Sociology & Social Welfare
The decade ahead is going to be dominated by economic issues. All signs point to continued Inflation, continued high levels of unemployment, cyclical troughs and declining peaks in the overall economy, energy shortages and Increasing financial pressures, particularly on those families living on minimal or below-poverty level budgets. Stresses In management of basic requirements for maintenance of health, housing, education and transportation %III burden middle income, blue collar and the working poor family. In this context, funding of social services will be tight, relative to need. It seems useful, for these reasons, to place our discussion within an economic framework ...
St. Cloud Area Quarterly Business Report, Vol. 16, No. 4, 2014 St. Cloud State University
St. Cloud Area Quarterly Business Report, Vol. 16, No. 4, King Banaian, Richard A. Macdonald
St. Cloud Area Quarterly Business Report
No abstract provided.