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A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, Qiuhua Ma 2019 University of New Mexico

A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, Qiuhua Ma

Economics ETDs

Wildfires frequency and severity have been increasing in the western United States over the past few decades. This rising threat is caused by the accumulated fuel load, climate change, and the rapid expansion of housing in the wildland-urban interface (WUI). Since most mitigation and suppression costs are borne by taxpayers, policy analysts seek both market (e.g., protection and suppression cost) and non-market cost estimates of wildfires. As one tool, the hedonic pricing method is commonly used to investigate wildfire effects on property values. There are a variety of hedonic studies investigating wildfire, with mixed and/or inconsistent results. Model ...


The Sue-And-Settle Phenomenon: Its Impact On The Law, Agency, And Society, Katie L. Colton 2019 Utah State University

The Sue-And-Settle Phenomenon: Its Impact On The Law, Agency, And Society, Katie L. Colton

All Graduate Theses and Dissertations

Sue-and-settle is the name applied to a federal agency’s use of litigation to create policy outside of the normal regulatory process. This paper discusses the impact that the sue-and-settle policy has had on Congress, the judiciary, and the Environmental Protection Agency. Specifically, this paper will discuss the issues caused by the perception of collusion within the sue-and-settle policy. First, this paper examines whether a relationship occurs between the litigants. The paper then discusses whether the relationship between the litigants in sue-and-settle cases tends to be collusive or not. The second part of the paper examines how Congress, the Environmental ...


The Value Of Farmland: Mapping Assessor Data To Understand Land Use Change, Lyndi Perry 2019 Utah State University

The Value Of Farmland: Mapping Assessor Data To Understand Land Use Change, Lyndi Perry

All Graduate Theses and Dissertations

Ideas developed by regional economists have potential applications within the urban planning field. One potential application is toward conserving farmland, and within this thesis this topic is examined for the study area of Utah County, Utah. Using assessor data, a land value map is created and further used to develop a regional economic model and spatial models that were analyzed for patterns of land use change.

Findings show that representing land value as continuous surface maps is a useful approach. The maps reveal that Utah County has densified as its population increased while farmland loss still occurred in agriculturally-important areas ...


Untangling The Economic And Social Impediments To Producer Adoption Of Organic Wheat, Donya L. Ralph-Quarnstrom 2019 Utah State University

Untangling The Economic And Social Impediments To Producer Adoption Of Organic Wheat, Donya L. Ralph-Quarnstrom

All Graduate Theses and Dissertations

Consumer demand for organic products has shown double-digit growth in recent years encouraging the development of a wider range of goods (Greene, 2017). Americans with an annual household income under $30,000 actively purchase organic foods at nearly the same rate as households with over $75,000 in annual incomes, 42% versus 49% (Greene et al., 2017). Previous research observed the adoption of organic farming practices on a combination of different grains, fruits and vegetables, meat, and dairy products from across the globe. However, this is the first study to examine the adoption of organic wheat in the Western U ...


Regional Prevalence Of Health Worker Absenteeism In Tanzania, Tomoki FUJII 2019 Singapore Management University

Regional Prevalence Of Health Worker Absenteeism In Tanzania, Tomoki Fujii

Research Collection School Of Economics

Absenteeism of health workers in developing countries is common and can severely undermine the reliability of the health system. Therefore, it is important to understand where the prevalence of absenteeism is high. We develop a simple imputation method that combines a Service Delivery Indicators survey and a Service Provision Assessment survey to estimate the prevalence of absenteeism of health workers at the level of regions in Tanzania. The resulting estimates allow one to identify the regions in which the prevalence of absenteeism is significantly higher or lower than the national average and help policymakers determine priority areas for intervention.


Improvements To Consumption Prediction: Machine Learning Methods And Novel Features, Ian Kinskey, Glenn Oswald, Charles McCann, Travis Finch, Anthony Tanaydin 2019 Souther Methodist University

Improvements To Consumption Prediction: Machine Learning Methods And Novel Features, Ian Kinskey, Glenn Oswald, Charles Mccann, Travis Finch, Anthony Tanaydin

SMU Data Science Review

Current models for predicting personal consumption expenditures (PCE) employ statistical techniques and rely upon traditional economic features. We compare vector autoregression and random forest regression models using traditional economic features as inputs to predict PCE. Additionally, we develop novel features derived from the earnings call transcripts of publicly traded U.S. companies using natural language processing (NLP) techniques. These new features reduce the mean square error (MSE) of the vector autoregression model by 7% and the random forest model by 23%. We find the random forest models outperformed the vector autoregression models, with a MSE reduction of 68%. We conclude ...


Maintaining Stability In A Changing Climate: A Comparative Analysis Of Public Health Systems And Migration Policies In The U.S. And Canada, Laura Cutlip 2019 Colorado College

Maintaining Stability In A Changing Climate: A Comparative Analysis Of Public Health Systems And Migration Policies In The U.S. And Canada, Laura Cutlip

Climate and Society

This paper examines the relation between climate change, migration, and public health to better understand how the United States health system is positioned to deal with likely challenges to human health posed by environmental changes. The author reviews probable impacts of climate change on population displacement and disease before considering how the current structure of the health system of the United States will render it unable to adapt to these changes and challenges. The Canadian health care system and refugee policies are then reviewed to provide a counterpoint to this analysis. These findings are then considered in tandem as the ...


Notes On The Gridlab-D Household Equivalent Thermal Parameter Model, Leigh Tesfatsion, Swathi Battula 2019 Iowa State University

Notes On The Gridlab-D Household Equivalent Thermal Parameter Model, Leigh Tesfatsion, Swathi Battula

Economics Working Papers

GridLab-D (GLD) is an agent-based platform, developed by researchers at Pacific Northwest National Laboratory, that permits users to accurately simulate the state dynamics of power distribution systems at time scales ranging from sub-seconds to years. The purpose of this study is to present, in careful comprehensive form, a complete analytical state-space control representation for a version of the GLD Household Equivalent Thermal Parameter Model as support documentation for model users. This model is a physically-based implementation of a household with multiple price-responsive and conventional appliances whose thermal dynamics are determined over successive days by resident appliance usage and external weather ...


Carrots And Sticks: Optimal Contracting With Skewness Preference And Ambiguity Aversion, Joaquín Gómez Miñambres, Mark Schneider 2019 Lafayette College

Carrots And Sticks: Optimal Contracting With Skewness Preference And Ambiguity Aversion, Joaquín Gómez Miñambres, Mark Schneider

ESI Working Papers

Employment contracts often have a three-tiered structure, offering a base salary, a bonus for high performance and a penalty for poor performance. None of the standard models in contract theory generate such a contract. We show that such coarse contracts are optimal in a model where the agent exhibits two of the most robust deviations from expected utility theory: skewness preference and ambiguity aversion. The analysis identifies conditions where the optimal contract is simple and both carrots and sticks are optimal. Our analysis has implications for performance evaluation, corporate compensation structure, prize-linked savings accounts, and the determinants of intrinsic motivation.


A Bias Aggregation Theorem, Mark Schneider 2019 Chapman University

A Bias Aggregation Theorem, Mark Schneider

ESI Working Papers

In a market where some traders are rational (maximize expected utility) and others are systematically biased (deviate from expected utility due to some bias parameter, q), do equilibrium prices necessarily depend on q? In this note, focusing on the case where there is an aggregate and systematic bias in the population, we show that market prices can still be unbiased. Hence, we establish that systematically biased agents do not necessarily imply biased market prices. We show that the parametric model we use also predicts observed deviations from expected utility in laboratory and market environments.


Cooperation Among Strangers With And Without A Monetary System, Maria Bigoni, Gabriele Camera, Marco Casari 2019 University of Bologna

Cooperation Among Strangers With And Without A Monetary System, Maria Bigoni, Gabriele Camera, Marco Casari

ESI Working Papers

Human societies prosper when their members move beyond local exchange and cooperate with outsiders in the creation of wealth. Collaboration of this type presents formidable challenges because interaction is impersonal, reciprocity is unfeasible and trust cannot be easily established. Here we study this cooperation problem by modeling strategic interaction among strangers through an Intertemporal Exchange Game. The setup can be easily implemented in the laboratory to study a variety of cooperation-enhancing institutions. In particular, we study the role of a fiat monetary system by introducing intrinsically worthless tokens that can be offered in exchange for cooperation. The experiments show that ...


Welcome To The Neighborhood: A Spatial Analysis Of Crime And Housing Values, Anthony Senick 2019 The University of Akron

Welcome To The Neighborhood: A Spatial Analysis Of Crime And Housing Values, Anthony Senick

Honors Research Projects

Crime is an obvious unwanted problem in any population anywhere in the world. Not only does it present problems for public safety, but it crime has negative monetary costs as well. One such way these costs can be observed is in their effect on property values. Past studies have examined this relationship between crime and housing values using the hedonic housing price model and spatial analysis, and I attempt to perform a similar analysis, but with the inclusion of new variables and spatial techniques, for the City of Akron, Ohio. With 2017 housing sale data provided by the Summit County ...


An Examination Of The Stock Market's Effect On Economic Inequality, Nicholas Golina 2019 The University of Akron

An Examination Of The Stock Market's Effect On Economic Inequality, Nicholas Golina

Honors Research Projects

The economic literature on economic inequality has shown that it can negatively impact aggregate demand because it indicates a higher concentration of wealth in the hands of the top 10% as opposed to the poor and middle class, who are more likely to consume. The literature has identified many factors that can lead to increasing inequality. The stock market could be one of those factors since it can either create an upward redistributive effect towards the top 10% or redistributive effect towards the middle class. This paper tested the effect of the stock market on inequality. This study contributes to ...


Brain Drain And Emigration: How Do They Affect Source Countries?, Nicholas Chura 2019 The University of Akron

Brain Drain And Emigration: How Do They Affect Source Countries?, Nicholas Chura

Honors Research Projects

This paper examines the effect of different skill levels of emigration on a country’s labor market, from high skill brain drain to low skill emigration. By utilizing an IADB Brain Drain data set to measure emigration rates among those with low, medium, and high educational attainment in a country, the effect of brain drain vs. low skill emigration on productivity and unemployment is examined. These data span from 1980 to 2010 with measurements every five years for 195 World Bank countries. By utilizing two two-way fixed effects models with GDP per capita and unemployment rate as the dependent variables ...


Capital, Non-Capital And Transformative Politics In Contemporary India, Deepankar Basu 2019 Department of Economics, University of Massachusetts

Capital, Non-Capital And Transformative Politics In Contemporary India, Deepankar Basu

Economics Department Working Paper Series

Kalyal Sanayal’s work on postcolonial capitalism has been influential in many strands of critical social theory. In this brief note, I investigate three key components of his argument and find them wanting. In particular, I show that the evolution of land ownership in India does not support the claim that the primitive accumulation of capital is one of the important processes in operation in contemporary India. On the contrary, the evidence suggests that the process of primitive accumulation has been arrested or significantly slowed down. In addition to the critical comments on Sanyal (2007), I indicate towards an alternative ...


Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas 2019 University of Nebraska-Lincoln

Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas

Zea E-Books

doi:10.13014/K2416V8V

This book presents a multi-market framework of market and policy analysis that explicitly accounts for the empirically relevant heterogeneity in consumer preferences and producer characteristics. The explicit consideration of consumer and producer heterogeneity represents a significant departure from the representative consumer and producer that have been at the center of most of the literature on market and policy analysis, and enables the distributional impacts of changes in market conditions and policies to be fully identified. The framework is used to analyze the system-wide market and welfare impacts of a number of changes in market conditions (like ...


Product Concentration And Usage: Behavioral Effects In The Glyphosate Market, Edward D. Perry, David A. Hennessy, Giancarlo Moschini 2019 Kansas State University

Product Concentration And Usage: Behavioral Effects In The Glyphosate Market, Edward D. Perry, David A. Hennessy, Giancarlo Moschini

CARD Working Papers

People often ignore or misunderstand information that would help them make better decisions. For products that differ by concentration level, a critical choice concerns the correct dosage rate. We study the effects of changing glyphosate product concentration levels on farmers’ glyphosate usage behavior. Glyphosate is the world’s most widely used herbicide. After glyphosate went off patent in 2000, product variants with higher concentration levels entered the market. Using detailed farmlevel glyphosate use data in U.S. corn and soybeans over the period 1998-2011, we estimate the impact of product concentration levels on glyphosate application rates. We control for prices ...


Examining Preferences For Rural Living And How To Save The Rural Economy, Rebecca J. Vogt 2019 University of Nebraska-Lincoln

Examining Preferences For Rural Living And How To Save The Rural Economy, Rebecca J. Vogt

Cornhusker Economics

Recent articles in the New York Times and the Washington Post discuss preferences for rural living and if rural economies can be saved. Data from the Nebraska Rural Poll and other state surveys are used to further explore these topics.


Employment Disparity Grows For Rural Americans With Disability, RTC: Rural, University of Montana Rural Institute 2019 University of Montana

Employment Disparity Grows For Rural Americans With Disability, Rtc: Rural, University Of Montana Rural Institute

Employment

Employment rates have increased since the recession, but these gains haven’t reached all communities across the country, nor has everyone benefited from these gains. While overall employment rates have improved, employment for people with disabilities in rural areas has decreased. This fact sheet uses the recently released (December 2018) American Community Survey 5-year estimates to explore changes in employment rates for people with and without disabilities across the nine divisions of the United States, and for metropolitan, micropolitan, and non-core counties. This marks the first time longitudinal trends in ACS data can be explored across the rural-urban continuum using ...


The Economic Review Of The Travel Industry In Montana, 2018 Edition, Norma P. Nickerson, Jeremy L. Sage, Kara Grau, Megan Schultz 2019 University of Montana - Missoula

The Economic Review Of The Travel Industry In Montana, 2018 Edition, Norma P. Nickerson, Jeremy L. Sage, Kara Grau, Megan Schultz

Institute for Tourism and Recreation Research Publications

The Institute for Tourism and Recreation Research provides leadership, direction, and information to aid citizens, entrepreneurs, leaders, and policy makers in decisions related to the visitor and outdoor recreation industries in Montana. From economic impacts to rural community assistance, ITRR provides objective, valid, and reliable data for Montana. This economic snapshot is made possible via allocations from the Lodging Facility Use Tax. Visit itrr.umt.edu for all tourism and recreation publications.


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