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Alianzas Estratégicas, Guillermo Arosemena 2015 SelectedWorks

Alianzas Estratégicas, Guillermo Arosemena

Guillermo Arosemena

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), Dave De ruysscher 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 a some separation of personal from partnership-related goods. This innovation, which was set forth in doctrine in the early 1600s, was important in a mercantile context in which partnerships having open goals and with active partners or directors engaged in diverse business activities. Yet, according to an ...


American And British Strategies In The Competition For Energy Resources In Sub-Saharan Africa, Stefan Andreasson 2015 SelectedWorks

American And British Strategies In The Competition For Energy Resources In Sub-Saharan Africa, Stefan Andreasson

Stefan Andreasson

No abstract provided.


Slow Information Diffusion And The Inertial Behavior Of Durable Consumption, Yulei Luo, Jun Nie, Eric Young 2015 SelectedWorks

Slow Information Diffusion And The Inertial Behavior Of Durable Consumption, Yulei Luo, Jun Nie, Eric Young

Yulei Luo

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.


Una Politica Industriale Per L’Europa, Mario Pianta, Matteo Lucchese 2014 SelectedWorks

Una Politica Industriale Per L’Europa, Mario Pianta, Matteo Lucchese

Mario Pianta

In Europa si è tornati a parlare di politica industriale dopo una lunga fase di stagnazione che ha distrutto parte della capacità produttiva dell’Unione. L’articolo discute le attuali politiche dell’Unione e propone le linee guida di un nuovo piano industriale a livello europeo. Una nuova politica industriale potrebbe affrontare gli squilibri macroeconomici, industriali, ambientali e favorire la ripresa dei paesi della “periferia” d’Europa, i più colpiti dalla crisi.


Convergence In Models With Bounded Expected Relative Hazard Rates, Carlos Oyarzun, Johannes Ruf 2014 SelectedWorks

Convergence In Models With Bounded Expected Relative Hazard Rates, Carlos Oyarzun, Johannes Ruf

Carlos Oyarzun

We provide a general framework to study stochastic sequences related to an array of models in different literatures, including models of individual learning in economics, learning automata in computer sciences, social learning in marketing, and many others. In this setup, we study the asymptotic properties of a class of stochastic sequences that take values in [0,1] and satisfy a property that we call “bounded expected relative hazard rates.” We provide sufficient conditions for related sequences, which, compared to the original sequence, either move slowly or slow down over time, that yield con- vergence to one with high probability or ...


Suppliers, Investors, And Equity Market Liberalizations, Martin Strieborny 2014 SelectedWorks

Suppliers, Investors, And Equity Market Liberalizations, Martin Strieborny

Martin Strieborny

Existing research on the impact of equity market liberalizations on real economy emphasizes the transmission channel working via industries dependent on external investors. This paper shows that financial liberalization also promotes industries where firms are dependent on a different corporate stakeholder -- suppliers. Results from panel data and event-study estimations confirm that equity market liberalizations boost output growth particularly in suppliers-dependent industries that require a high-share of specialized inputs in their production process. If anything, this new channel from financial liberalization to real economy seems empirically even more robust than the well-established channel working via industries dependent on external finance.


Should You Do A Doctorate? The Changing Returns To Postgraduate Qualifications, Sven Hoeling, Lewis Gudgeon, Felix Hagemeister 2014 Illinois Wesleyan University

Should You Do A Doctorate? The Changing Returns To Postgraduate Qualifications, Sven Hoeling, Lewis Gudgeon, Felix Hagemeister

Undergraduate Economic Review

Higher education in the UK has experienced radical change over the last two decades. The change has been driven by a number of factors, not least New Labour’s policy to send 50% of school leavers to university. The increased supply of graduates has weakened a first degree’s ability to function as a signal to employers, resulting in many individuals pursuing postgraduate study to make themselves more competitive. This paper aims to show the changing returns to Bachelor, Master and Doctoral degrees for the period 1997 to 2013 and recognises the increasing importance of Ph.D. graduates in the ...


The Internet Is The New Public Forum: Why Riley V. California Supports Net Neutrality, Adam Lamparello 2014 SelectedWorks

The Internet Is The New Public Forum: Why Riley V. California Supports Net Neutrality, Adam Lamparello

Adam Lamparello

Technology has ushered civil liberties into the virtual world, and the law must adapt by providing legal protections to individuals who speak, assemble, and associate in that world. The original purposes of the First Amendment, which from time immemorial have protected civil liberties and preserved the free, open, and robust exchange of information, support net neutrality. After all, laws or practices that violate cherished freedoms in the physical world also violate those freedoms in the virtual world. The battle over net neutrality is “is absolutely the First Amendment issue of our time,” just as warrantless searches of cell phones were ...


Stigmatization And Racial Selection After September 11, 2001, Patrick Leon Mason, Andrew Matella 2014 SelectedWorks

Stigmatization And Racial Selection After September 11, 2001, Patrick Leon Mason, Andrew Matella

Patrick L. Mason

During the 2000s Arab and Islamic American racial identity selection was subjected to an exogenous racializing event, viz., public and private reaction to the Al Qaeda attacks of September 11, 2001. The Al Qaeda attacks clearly demarcate a period in which there was a structural increase in the intensity of US stigmatization of persons with Islamic religious affiliation and Arab ethnicity. This stigmatization created an exogenous reduction in the expected payoff to acculturation relative to non-acculturation. This paper uses self-identification as white as its measure of acculturation and the fraction of all hate crimes directed at Muslims as its measure ...


An Economic Analysis Of Economic Inequality, John P. Huttman 2014 Western Michigan University

An Economic Analysis Of Economic Inequality, John P. Huttman

The Journal of Sociology & Social Welfare

"Inequality is what economics should be all about," argued the late R.H. Tawney. It isn't, because concern with the patterns of distribution of wealth and income is shared with production, upon which consumption is contingent. Concentration of wealth and unequal levels of income largely reflect the patterns of returns to labor and investment in a traditional capitalist economy. Additionally, income tromfers, rationalized on other than a labor or investment compensation basis, alter the patterns of income and wealth holdings. Pronounced economic inequality, while prevalent in capitalist economies, would not seem to result from the market mechanism. Broadly based ...


Officers Of Early Republic Philadelphia Corporations, Andrew M. Schocket 2014 University of Pennsylvania

Officers Of Early Republic Philadelphia Corporations, Andrew M. Schocket

The Magazine of Early American Datasets (MEAD)

A large and representative but not exhaustive compilation of the elected and appointed officers of Philadelphia-area business corporations from the 1780s through the 1830s. It includes the officers of banks, insurance companies, turnpike companies, bridge companies, canal companies, river navigation companies, and railroad companies.


Income-Based Repayment And The Public Financing Of Higher Education, John R. Brooks 2014 Georgetown University Law Center

Income-Based Repayment And The Public Financing Of Higher Education, John R. Brooks

Georgetown Law Faculty Publications and Other Works

The growth in higher education costs has outrun inflation for decades, in part for reasons outside of an institution’s control. This has serious distributional consequences, given that higher education is a quasi-public good that should be consumed widely. Full public financing is a possible answer to the distributional and spillover problems, but the budgetary impact of doing so makes that close to politically impossible in the United States.

Except that the federal government has, to a first approximation, already created a system of public financing of higher education, paid for with progressive taxation: The Income-Based Repayment student loan program ...


Value And Cos-Effectivess Of Community Health Worker Programs: Implications For Home Care Workers, Glen P. Mays 2014 University of Kentucky

Value And Cos-Effectivess Of Community Health Worker Programs: Implications For Home Care Workers, Glen P. Mays

Glen Mays

This presentation reviews studies on the health and economic value of strategies to improve the coordination of medical care, public health, and social support services for high-need and high-risk populations. Community health worker (CHW) programs feature prominently in these strategies, particularly for rural and low-resource community settings. Home care workers have the potential to function as CHWs in many settings, and as such present powerful opportunities for scaling up CHW programs that connect medical care, public health, and social services delivery.


Investment In Relationship-Specific Assets: Does Finance Matter?, Martin Strieborny, Madina Kukenova 2014 SelectedWorks

Investment In Relationship-Specific Assets: Does Finance Matter?, Martin Strieborny, Madina Kukenova

Martin Strieborny

Banks promote economic growth by facilitating relationship-specific investment between buyers and suppliers of intermediate goods. We motivate this channel from banking to real economy by bringing together the intuition from research on relationship-specific assets and signaling role of banks. A supplier would be reluctant to undertake relationship-specific investment if she cannot observe financial stability and planning horizon of buyer. A strong banking sector is well-suited to address these information asymmetries. Empirical results from 28 industries in 90 countries confirm that industries dependent on relationship-specific investment from their suppliers grow disproportionately faster in countries with a strong banking sector.


Study Of The Importance Of The Inclusion Of Exact Sciences In Economic Sciences Using A Scientometric Approach, Houcemeddine A. Turki 2014 SelectedWorks

Study Of The Importance Of The Inclusion Of Exact Sciences In Economic Sciences Using A Scientometric Approach, Houcemeddine A. Turki

Houcemeddine A Turki

Using a scientometric approach based on Google Scholar, this research studies the advances in the conciousness of scientific range about the dire effects of the overuse of Mathematics in Economics and the advances in the consideration of the efficiency of interdisciplinary approaches other than Mathematical Ones in solving Economic Problems. The work finished by determining that the consideration of the efficiency of interdiscipliary approaches has preceded the consciousness about the studied matter itself by using Regression Tools and Gompertz Model. This proved that the problem is in the conciousness about the matter and not the impossibility to find a complement ...


On The Economic Efficiency Of Progressive Taxation, Troy J. Scott 2014 SelectedWorks

On The Economic Efficiency Of Progressive Taxation, Troy J. Scott

Troy J. Scott

This paper suggests two mechanisms by which a progressive distribution of tax burdens may promote economic efficiency. First, a progressive tax rate structure indexed to the median income may discourage rent seeking by powerful interest groups. Second, progressive taxation favors income streams that are long-sustained over those that pay off over a shorter time span; this bias is likely to favor more socially productive activities. Consistent with these propositions, a marked retreat from progressivity for the top 0.1 percent of earners followed two decades of post-war economic expansion and preceded the productivity slowdown of the 1970s and the serial ...


Immigration, Employment Opportunities, And Criminal Behavior, Matthew Freedman, Emily Owens, Sarah Bohn 2014 SelectedWorks

Immigration, Employment Opportunities, And Criminal Behavior, Matthew Freedman, Emily Owens, Sarah Bohn

Matthew Freedman

We take advantage of provisions of the Immigration Reform and Control Act of 1986 (IRCA), which granted legal resident status to long-time unauthorized residents but created new obstacles to employment for more recent immigrants, to explore how employment opportunities affect criminal behavior. Exploiting administrative data on the criminal justice involvement of individuals in San Antonio, Texas and using a difference-in-differences strategy, we find evidence of an increase in felony charges filed against residents most likely to be affected by IRCA’s employment regulations. Our results suggest a strong relationship between access to legal jobs and criminal behavior.

Currently under review.


Oxford Handbook: Institutional Investors In Corporate Governance, Edward B. Rock 2014 University of Pennsylvania Law School

Oxford Handbook: Institutional Investors In Corporate Governance, Edward B. Rock

Faculty Scholarship

This chapter of the Oxford Handbook on Corporate Law and Governance examines the role of institutional investors in corporate governance and the role of regulation in encouraging institutional investors to become active stewards. I approach these topics through asking what lessons we can draw from the U.S. experience for the E.U.’s 2014 proposed amendments to the Shareholder Rights Directive.

I begin by defining the institutional investor category, and summarizing the growth of institutional investors’ equity holdings over time. I then briefly survey how institutional investors themselves are governed and how they organize share voting. This leads me ...


Cost Estimates Of Foundational Public Health Capabilities: Pilot Test Results Of An Expert Consensus Methodology, Cezar B. Mamaril, Glen Mays 2014 University of Kentucky

Cost Estimates Of Foundational Public Health Capabilities: Pilot Test Results Of An Expert Consensus Methodology, Cezar B. Mamaril, Glen Mays

Glen Mays

The Institute of Medicine's 2012 report on U.S. public health financing recommended research to identify the components and costs of a "minimum package" of public health services and foundational capabilities to be made available in every U.S. community. We present results from pilot testing of a proposed methodology for estimating the costs and resource requirements for a set of foundational public health capabilities identified by the Public Health Leadership Forum. Using pilot data from Kentucky public health settings, we estimate both current and projected costs under a range of assumptions about the resources required to fully implement ...


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