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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 ...


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.


Implementing Propensity Score Matching With Network Data: The Effect Of Gatt On Bilateral Trade, Luca De Benedictis, Bruno Arpino, Alessandra Mattei 2017 Universitat Pompeu Fabra

Implementing Propensity Score Matching With Network Data: The Effect Of Gatt On Bilateral Trade, Luca De Benedictis, Bruno Arpino, Alessandra Mattei

Luca De Benedictis

Motivated by the evaluation of the causal effect of the General Agreement on Tariffs and Trade on bilateral international trade flows, we investigate the role of network structure in propensity score matching under the assumption of strong ignorability. We study the sensitivity of causal inference with respect to the presence of characteristics of the network in the set of confounders conditional on which strong ignorability is assumed to hold. We find that estimates of the average causal effect are highly sensitive to the presence of node-level network statistics in the set of confounders. Therefore, we argue that estimates may suffer ...


Local Immigration Enforcement Entrepreneurship In The Punishment Marketplace, Daniel L. Stageman 2017 The Graduate Center, City University of New York

Local Immigration Enforcement Entrepreneurship In The Punishment Marketplace, Daniel L. Stageman

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

The contemporary neoliberal economic order plays a significant role in American social organization and policy-making. Most importantly, neoliberal ideology drives the creation and imposition of markets in public goods and services and the valorization of free market ideology in cultural life. The neoliberal ‘project of inequality’ is in turn delimited and upheld by an authoritarian system of punishment built around mass incarceration, surveillance, and an unprecedented level of social control directed at the lowest strata of American society – a group that includes both the urban underclass, and unauthorized immigrants.

This study lays out the theory of the punishment marketplace: a ...


Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin 2017 The Graduate Center, City University of New York

Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

Essay 1: The theory of the Law of One Price (LOOP) is one of the most important theories in International Economics. I use financial markets to revisit the validity of the LOOP in the short run, and then extend the analysis into the long-run to examine whether events such as the Financial Crisis of 2007-2009 can lead to the failure of the LOOP or worsen deviations from it. Using the data on Canadian companies cross-listed on the New York Stock Exchange, I find strong support that the LOOP holds in a cross-sectional framework despite the fact that the sample includes ...


Imagining Basic Income As An International And Domestic Remedy To Wealth Inequality, Christian A. Davis 2017 The Graduate Center, City University of New York

Imagining Basic Income As An International And Domestic Remedy To Wealth Inequality, Christian A. Davis

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

Has the success of corporate capitalism undermined the neoliberal ideas it presupposes, leading to the inevitable growth of socialism? While labor unions may lament the export of jobs, the real issue in today’s increasingly administered and mechanized economy is the global loss of jobs. James Ferguson has provided a strong argument that despite the triumphalist narratives of neoliberalism, capitalist development strategies particularly in South Africa have resulted in concentrated wealth, large unemployment, and the growth of transfer payments. More importantly, he shows how traditional critics of capitalism fall short in addressing the issues of a jobless future. For example ...


Behind Germany’S Willkommenskultur And Hungary’S Xenophobic Sentiments: Responses To The Syrian Refugee Crisis Within The European Union, Mia Kelliher 2017 University of Puget Sound

Behind Germany’S Willkommenskultur And Hungary’S Xenophobic Sentiments: Responses To The Syrian Refugee Crisis Within The European Union, Mia Kelliher

International Political Economy Theses

The movement of over 4.5 million Syrian refugees and other migrants fleeing the Syrian civil war has put significant strain on the European Union’s (EU) member states both politically, socially, and economically. This tests a state’s ability and willingness to continue to accept refugees. This paper aims to answer the question of what determines the willingness and the ability of certain EU member states, specifically Germany and Hungary, to accept refugees. While there are many factors that vary from state to state, there are factors that dominate and heavily influence a state’s willingness and ability to ...


Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall 2017 Universitat Pompeu Fabra

Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall

José Ignacio Silva


Although partially disabled individuals in Spain are allowed to combine disability benefits with a job, the empirical evidence shows that the employment rate of this group of individuals is very low because they have a much lower job finding and a higher job separation rates than nondisabled workers. Moreover, a decomposition analysis of the equilibrium employment rate shows that the differences in the job finding rates explain 85 percent of the disabled employment gap. To explain these facts, we construct a labor market model with search intensity and matching frictions to identify the incentives and disincentives to work in Spain ...


Race, Age, And Neighborhood Socioeconomic Status In Low Birth Weight Disparities Among Adolescent Mothers: An Intersectional Inquiry, Sheryl L. Coley, Tracy R. Nichols 2017 University of Wisconsin Madison

Race, Age, And Neighborhood Socioeconomic Status In Low Birth Weight Disparities Among Adolescent Mothers: An Intersectional Inquiry, Sheryl L. Coley, Tracy R. Nichols

Journal of Health Disparities Research and Practice

Introduction: Few studies examined socioeconomic contributors to racial disparities in low birth weight outcomes between African-American and Caucasian adolescent mothers. This cross-sectional study examined the intersections of maternal racial status, age, and neighborhood socioeconomic status in explaining these disparities in low birth weight outcomes across a statewide sample of adolescent mothers.

Methods: Using data from the North Carolina State Center of Health Statistics for 2010-2011, birth cases for 16,472 adolescents were geocoded by street address and linked to census-tract information from the 2010 United States Census. Multilevel models with interaction terms were used to identify significant associations between maternal ...


Winning The Virtuous Battle, But Losing The War? The Tradeoffs Of Humanitarian Aid And Its Impact On Human Development, Sierra Miller 2017 University of Puget Sound

Winning The Virtuous Battle, But Losing The War? The Tradeoffs Of Humanitarian Aid And Its Impact On Human Development, Sierra Miller

International Political Economy Theses

This paper addresses the question of what conditions best enable recipient countries to harness humanitarian aid to create long term human development. In an examination of the 2010 earthquake in Haiti, and the 2004 Indian Ocean tsunami in Sri Lanka, it becomes clear that the conditions that limit humanitarian aid’s potential for human development are more apparent than those that enable it. Political conflict, instability, inequalities, and social divisions in the recipient countries contribute to the limited effect of humanitarian aid on development, but institutional weakness, inconsistency, and competition within the international humanitarian aid community have a larger impact ...


The Finney County, Kansas Community Assessment Process: Fact Book, Debra J. Bolton PhD, Shannon L. Dick M.S. 2017 Kansas State University

The Finney County, Kansas Community Assessment Process: Fact Book, Debra J. Bolton Phd, Shannon L. Dick M.S.

Dr. Debra Bolton

This multi-lingual/multi-cultural study was called, Community Assets Processt, by the groups that “commissioned” it: Finnup Foundation, Finney County K-State Research & Extension, Western Kansas Community Foundation, Finney County United Way, Finney County Health Department, United Methodist Community Health Center (UMMAM), Center for Children and Families, Garden City Recreation Commission, and the Garden City Cultural Relations Board, because we intend for this to be an ongoing discussion. An objective, for those promoting the study, was to connect foundation, state, and federal funding with activities or services that addressed the true needs of people living in Finney County. The group was looking for data that would offer insights on ways to address the needs of diverse audiences through human services agencies, County Extension, the schools, churches, and other entities working with community members of Finney County. Initially, an online survey was sent to directors of Finney County’s human service organization/agencies and schools. Directors were asked what sorts of data were required to help them quantify the needs of their client/customer bases. It was from those responses that the committee designed the survey instrument. The objective of the resulting survey instrument was to gather data that would: Identify resources available in Finney County (a Minority-majority county) Identify services needed in the community Capture information regarding well-being of people in Finney County Feature General Demographic (gender, age, race/ethnicity, education, household income) Length of years lived in Finney County Primary and secondary languages spoken at home (the survey was conducted in four (4) languages) Educational needs Health questions (insurance, health conditions, mental health, medical care, etc.) Social and health needs; and Questions to measure community engagement and social involvement Target individuals and groups of varying ages, socio-economic backgrounds, ethnic backgrounds, and religious affiliations. Target survey respondents 18 years or older Keep survey respondents’ identities confidential since the study was approved by Kansas State University’s Institutional Review Board for compliance in Research with Human Subjects. Data were gathered from about 1% of Finney County’s population through surveys and focus groups conducted in four languages better to understand the ...


Spring 2017 Economics Newsletter, Economics Department 2017 St. Cloud State University

Spring 2017 Economics Newsletter, Economics Department

Economics Newsletter

No abstract provided.


Lag Length Selection In Panel Autoregression, Chirok HAN, Peter C. B. PHILLIPS, Donggyu SUL 2017 Singapore Management University

Lag Length Selection In Panel Autoregression, Chirok Han, Peter C. B. Phillips, Donggyu Sul

Research Collection School Of Economics

Model selection by BIC is well known to be inconsistent in the presence of incidental parameters. This article shows that, somewhat surprisingly, even without fixed effects in dynamic panels BIC is inconsistent and overestimates the true lag length with considerable probability. The reason for the inconsistency is explained, and the probability of overestimation is found to be 50% asymptotically. Three alternative consistent lag selection methods are considered. Two of these modify BIC, and the third involves sequential testing. Simulations evaluate the performance of these alternative lag selection methods in finite samples.


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 ...


Is The Dodd-Frank Act Destroying What Is Left Of U.S. Thrifts?, Scott Deacle 2017 Ursinus College

Is The Dodd-Frank Act Destroying What Is Left Of U.S. Thrifts?, Scott Deacle

Business and Economics Faculty Publications

I examine data from 1992 to 2015 to assess the Dodd-Frank Act’s impact on the performance of U.S. depository institutions, thrifts in particular. Ceteris paribus, the average FDIC-regulated institution experienced a decline in profitability as measured by pre-tax return on assets (ROA) following the Act’s passage, but the decline was concentrated among commercial banks. Small thrifts increased pre-tax profitability, after controlling for other factors including weak economic growth. Depository institution loan quality improved after Dodd-Frank, less so for small thrifts but more so for large thrifts. Efficiency ratios, which regulatory costs affect, increased, more for thrifts than ...


(Wp 2017-01) The Continuing Relevance Of Keynes's Philosophical Thinking: Reflexivity, Complexity, And Uncertainty, John B. Davis 2017 Marquette University

(Wp 2017-01) The Continuing Relevance Of Keynes's Philosophical Thinking: Reflexivity, Complexity, And Uncertainty, John B. Davis

Economics Working Papers

This paper explains the continuing relevance of Keynes’s philosophical thinking in terms of his anticipation of complexity thinking in economics. It argues that that reflexivity is a central feature of the philosophical foundations of complexity theory, and shows that Keynes employed an understanding of reflexivity in both his philosophical and economic thinking. This argument is first developed in terms of his moral science conception of economics and General Theory beauty contest analysis. The paper advances a causal model that distinguishes direct causal relationships and reflexive feedback channels, uses this to distinguish Say’s Law economics and Keynes’s economics ...


Shaping Policy In The Anthropocene: Gender Justice As A Social, Economic And Ecological Challenge, Phoebe Spencer 2017 University of Vermont

Shaping Policy In The Anthropocene: Gender Justice As A Social, Economic And Ecological Challenge, Phoebe Spencer

Graduate College Dissertations and Theses

Environmental pressures such as natural disasters, resource scarcity, and conflict related to climate change have emphasized the importance of considering social justice within its ecological context. Gender inequality is one type of injustice that has traditionally been addressed as a social matter, yet gendered divisions in bargaining power, mobility, and access to resources are exacerbated by environmental instability. One barrier to gender equity in the face of a changing climate is the mainstream economic paradigm, which promotes growth and individualism, often at the cost of environmental and social wellbeing. The issue of gender inequality in the Anthropocene, the proposed geological ...


Designing For Economic Success: A 50-State Analysis Of The Genuine Progress Indicator, Mairi-Jane Venesky Fox 2017 University of Vermont

Designing For Economic Success: A 50-State Analysis Of The Genuine Progress Indicator, Mairi-Jane Venesky Fox

Graduate College Dissertations and Theses

The use of Gross Domestic Product (GDP) as the primary measure of economic progress has arguably led to unintended consequences of environmental degradation and socially skewed outcomes. The Genuine Progress Indicator (GPI) was designed to reveal the trade offs associated with conventional economic growth and to assess the broader impact of economic benefits and costs on sustainable human welfare. Although originally designed for use at the national scale, an interest has developed in the United States in a state-level uptake of the GPI to inform and guide policy. However, questions exist about the quality and legitimacy of the GPI as ...


Don’T Worry, College Doesn’T Make You Successful In The Nba, Cameron E. Van 2017 Claremont McKenna College

Don’T Worry, College Doesn’T Make You Successful In The Nba, Cameron E. Van

CMC Senior Theses

This paper explores the value of attending college to Division I National Collegiate Athletic Association (NCAA) basketball players in terms of future success in the NBA. Future success is measured by both salary and minutes played per game. A dataset of 660 athletes from the 2006 through 2016 drafts was collected from Basketball-Reference. An empirical model is estimated using this data in order to identify the determinant factors in a player’s success in the NBA. It is found that college is not a determinant of success in the NBA.


Does Fundamental Analysis Lead To A Rudimentary Momentum Strategy For The Inexperienced Investor? Evidence From A Student Investment Fund, Nicholas J. Lillie 2017 Claremont McKenna College

Does Fundamental Analysis Lead To A Rudimentary Momentum Strategy For The Inexperienced Investor? Evidence From A Student Investment Fund, Nicholas J. Lillie

CMC Senior Theses

Using the Student Investment Fund at Claremont McKenna College as a proxy for inexperienced investors, I demonstrate that inexperienced investors using fundamental analysis produce momentum-like buying patterns. The results show that the Student Investment Fund is on average buying stocks that outperform Carhart’s four-factor asset pricing model in the year before purchase. As a result, the Student Investment Fund has, on average, underperformed the S&P500 by .48% per year since 1996. My thesis explores why the Student Investment Fund may have adopted momentum-like purchasing patterns and what steps can be taken to remedy it.


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